Victoria, Seychelles, January 4th, 2025, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce its New Year Futures Perks campaign for January 2025, running from January 2, 2025, 7:00 PM to February 4, 2025, 6:00 PM (UTC+8). New trading bot users can register to claim up to 2,000 USDT in futures grid position vouchers and grab a share of a 50,000 USDT prize pool by participating in futures grid trading.

Activity 1: Welcome Gift – Claim up to 2,000 USDT

New trading bot users can register to receive a futures grid position voucher valued between 50 USDT and 2,000 USDT. These vouchers allow users to experience futures grid trading without using actual funds while enjoying potential earnings.

Note: This benefit is exclusively available to users who have previously traded futures on Bitget but have never used trading bots.

Activity 2: 50,000 USDT Airdrop

New trading bot users who create futures grids using their own funds and run them for at least 24 hours during the promotion will qualify to share a 50,000 USDT prize pool. Rewards will be distributed based on the total amount invested in futures grid trading, with higher investments earning larger shares of the prize pool.

For New Users, a crash course on futures grid trading is available to help users get started. Tutorials are provided to guide users through the setup and optimization of their futures grid bots.

This promotion is exclusively available to Bitget users who have never used trading bots, including grid, Martingale, CTA, futures quant, futures signal, spot auto-invest, and Smart Portfolio bots. Users can participate in both Activity 1 and Activity 2, and the benefits from these activities can be stacked. Trading volume generated by position vouchers will not count toward this promotion. Grid bots are designed for volatile markets, and running them for longer durations may increase arbitrage earnings. It is recommended to keep bots active for extended periods to maximize returns.If users participate in multiple promotions for new trading bot users, they will receive incentives from only one of the promotions.

Futures New Year perks exemplifies Bitget’s commitment to offering accessible and rewarding financial tools for its global user base. By combining competitive rates, flexible features, and user-friendly interfaces, Bitget continues to provide innovative solutions that meet the evolving needs of cryptocurrency enthusiasts and investors.

For more details about Futures New Year perks, please click here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use.

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KeyTakeaways:

• Coinbase explores tokenizing COIN stock on Base, pending regulatory clarity.  
• Tokenization of real-world assets gains momentum with BlackRock and Ripple leading efforts.  
• Regulatory challenges remain key to integrating COIN on Ethereum’s Base network.

Jesse Pollak, a leading developer behind Coinbase’s Ethereum Layer-2 network, Base, recently revealed that the team is exploring the possibility of tokenizing Coinbase’s stock (COIN) on the platform.

With the growing interest in Real-World Asset (RWA) tokenization, the news signals a potential leap forward for blockchain adoption in the mainstream financial world.

Although the project is still in its early stages, Pollak’s comments highlight the team’s aim to bring COIN onto Base, which is contingent on resolving regulatory hurdles.

Pollak’s announcement was made in a post on X, where he expressed his vision for the future, stating that “every asset in the world will be on Base.” While the goal to integrate COIN into the Base’s ecosystem is clear, the project is still exploratory.

Base’s developers are working to understand the regulatory frameworks necessary to support the compliant tokenization of COIN. Pollak emphasized the importance of launching COIN on Base in a way that is “safe, compliant, and future-looking.”

Currently, the tokenization of COIN is not yet a reality, with Pollak confirming that the project is still being evaluated. Despite this, he pointed out that COIN is already accessible through other platforms like BackedFi, though access to these services is limited to non-U.S. citizens.

Tokenization’s Growing Appeal Across Finance

The concept of tokenizing real-world assets is gaining significant traction across the financial industry. Traditional financial institutions, including major asset managers like Franklin Templeton and BlackRock, are pioneering efforts to bring tokenized assets to blockchain networks.

These firms are leveraging blockchain’s capabilities to expand the reach of tokenized funds, with some integrating them into Layer-2 solutions such as Base.

BlackRock’s BUIDL money fund has made headlines in recent months due to its expansion into tokenized financial products. Other protocols, such as Frax Finance, have also shown interest in tokenizing real-world assets, with Frax Finance recently approving BUIDL as a reserve asset for its frxUSD stablecoin.

Ripple and Other Firms Enter the Tokenization Space

In addition to traditional financial players, blockchain firms like Ripple Labs are increasingly investing in tokenization technology. Ripple’s recent partnership with Archax and the growing reliance on the RLUSD stablecoin exemplify how blockchain can serve as a key enabler for tokenizing assets, particularly in the context of expanding decentralized finance (DeFi) networks.

As these efforts continue, integrating real-world assets into blockchain systems could transform the financial landscape, making it more transparent, accessible, and secure. However, as Pollak’s comments suggest, the regulatory landscape remains a critical factor in unlocking the potential of these initiatives.

KeyTakeaways:

• Elon Musk’s meme about IRS crypto taxes prompts strong market reactions.  
• Musk’s remarks fuel wider debate on digital asset tax reform in the U.S.  
• The rise of CumRocket by 400% illustrates the volatile impact of Musk’s posts.

Elon Musk’s recent social media post poking fun at the IRS’s handling of crypto taxation has sparked a wave of reactions across the crypto community. 

The Tesla CEO’s tweet, featuring a meme about crypto tax complexities, raised new questions about the digital asset taxation system. Although intended humorously, his message underscored the growing frustrations around the IRS’s approach to crypto regulations.

KeyTakeaways:

• MicroStrategy plans to raise up to $2 billion to purchase more Bitcoin.  
• The company holds 446,400 BTC, continuing its streak of Bitcoin acquisitions.  
• MSTR stock has risen 13% in early 2025, reflecting positive investor sentiment.

MicroStrategy has unveiled its intention to raise up to $2 billion through public offerings to strengthen its Bitcoin reserves further. This move is part of the company’s broader strategy to improve its balance sheet and continue its Bitcoin acquisition efforts.

The funds from this offering will be used primarily to purchase more Bitcoin for MicroStrategy’s treasury. The company disclosed that the capital raise will be conducted through one or more public offerings of perpetual preferred stock. 

Although the offering is scheduled for the first quarter of 2025, the company emphasized that the final decision to move forward depends on market conditions and other factors.

This proposed $2 billion capital raise supplements MicroStrategy’s larger goal of raising $42 billion over three years to expand its Bitcoin holdings. 

If the plan proceeds, the company could raise up to $44 billion to further secure its position as the public entity with the largest Bitcoin stash. As of now, MicroStrategy holds 446,400 BTC, and just recently, it purchased 2,138 BTC for $209 million, marking its eighth consecutive week of Bitcoin acquisitions.

Despite a minor slump at the end of 2024, MicroStrategy’s stock, MSTR, has been on an upward trajectory since the new year began. 

The stock saw a 13% gain during recent trading hours, closing at approximately $339. This rebound signals a positive outlook for the company’s stock, fueled by the announcement of its planned capital raise for Bitcoin purchases.

MicroStrategy’s commitment to Bitcoin remains unwavering. It continues to position itself as a significant player in cryptocurrency, with its latest fundraising effort further solidifying its strategy to accumulate more Bitcoin and strengthen its financial foundation.