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Project Overview
Founded in 2018, Bitget is a cryptocurrency exchange and Web3 company. As of early 2024, Bitget provides services to more than 100 countries and regions around the world, helping more than 25 million users achieve smart transactions through leading trading solutions such as copy trading.
Analysis: Bitcoin Stalled at Key Resistance, ETF Outflows and Fed Divergence Amplify Market Caution
Bitcoin remained near $76,000 on Thursday. After the Federal Reserve held interest rates steady, market attention quickly shifted to internal policy divergence and macroeconomic uncertainty. Analysts noted that Bitcoin remains suppressed below the key resistance range of $78,000 to $79,000, lacking short-term breakout momentum.Thomas Perfumo, Chief Economist at Kraken, stated that the market is currently more focused on policy uncertainty stemming from internal "divisions" within the Federal Reserve rather than the inaction itself. This is particularly true against the backdrop of Chairman Jerome Powell's continued tenure and the potential expectation of Kevin Warsh succeeding him, creating a lack of clear policy transition.Glassnode data shows that Bitcoin remains "trapped" below the True Market Mean, with resistance concentrated in the $78,000 to $79,000 range and support lying between $65,000 and $70,000. While selling pressure has eased, demand remains insufficient to support a sustained upward breakout.On the macro front, the Fed has shown rare, severe internal disagreements, interpreted by the market as rising uncertainty over the inflation path. Analysts from institutions like Bitget Wallet and 21Shares point out that the expectation of "higher rates for longer" is suppressing risk asset performance, pushing the crypto market into a wait-and-see phase.Regarding capital flows, U.S. Bitcoin spot ETFs have recorded net outflows for three consecutive days, with a single-day outflow of approximately $138 million on April 29. Ethereum ETFs saw outflows of about $87.7 million over the same period. Although individual products still saw inflows, the overall trend indicates cooling institutional demand.Meanwhile, CME open interest and ETF assets under management have stabilized but have yet to show strong signals of capital return. In the derivatives market, short positions in perpetual contracts have reached an all-time high, suggesting a potential squeeze if sentiment improves. However, the current market remains dominated by a low-volatility, low-confidence consolidation structure.Overall, Bitcoin is caught in a tug-of-war between an improving support structure and weak demand. Sustained ETF outflows, policy uncertainty, and macroeconomic risks collectively suppress its ability to break through the key resistance range. (The Block)
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
Binance Co-CEO: Investigation Launched into Abnormal Volatility of RAVE Token
Binance Co-CEO Richard Teng responded on X to ZachXBT, thanking him for reporting the matter to Binance and confirming that the platform is currently investigating it. Binance stated it remains committed to fulfilling its responsibilities and investigating all forms of market misconduct. Earlier, on-chain investigator ZachXBT posted that the abnormal price movements of the RAVE token originated from Binance, Bitget, and Gate exchanges, and called on all three platforms to take action. He also offered a reward of up to $10,000 for information leading to the identification of those involved.
Bitget CEO: IPO Prime product outperforms peer Pre-IPO assets
According to a post by Bitget CEO Gracy Chen, Bitget’s IPO Prime product—launched in partnership with Republic—offers four core advantages: - Underlying Assets: Real SpaceX equity is held via an SPV and tokenized; Bitget, as a participating party, guarantees token redemption. - Compliance: Republic maintains a comprehensive compliance framework and extensive Pre-IPO issuance experience. - Participation Method: Supports both primary-market subscription and secondary-market trading, enabling users to acquire tokens at lower prices. - Liquidity: The $preSPAX allocation has a market value of approximately $60 million, delivering an enhanced trading experience.
Bitget CandyBomb: Futures Trading Unlocks 33,333 SKYAI Tokens
Bitget has launched a new CandyBomb campaign with a total prize pool of 33,333 SKYAI tokens. New users can earn up to 333 SKYAI each by completing tasks such as net deposits and futures trading. Detailed rules are available on the official Bitget platform. Eligible users must click the “Join Now” button to register before participating. The campaign ends on May 8 at 18:00 (UTC+8).
Analysis: Bitcoin Stalled at Key Resistance, ETF Outflows and Fed Divergence Amplify Market Caution
Bitcoin remained near $76,000 on Thursday. After the Federal Reserve held interest rates steady, market attention quickly shifted to internal policy divergence and macroeconomic uncertainty. Analysts noted that Bitcoin remains suppressed below the key resistance range of $78,000 to $79,000, lacking short-term breakout momentum.Thomas Perfumo, Chief Economist at Kraken, stated that the market is currently more focused on policy uncertainty stemming from internal "divisions" within the Federal Reserve rather than the inaction itself. This is particularly true against the backdrop of Chairman Jerome Powell's continued tenure and the potential expectation of Kevin Warsh succeeding him, creating a lack of clear policy transition.Glassnode data shows that Bitcoin remains "trapped" below the True Market Mean, with resistance concentrated in the $78,000 to $79,000 range and support lying between $65,000 and $70,000. While selling pressure has eased, demand remains insufficient to support a sustained upward breakout.On the macro front, the Fed has shown rare, severe internal disagreements, interpreted by the market as rising uncertainty over the inflation path. Analysts from institutions like Bitget Wallet and 21Shares point out that the expectation of "higher rates for longer" is suppressing risk asset performance, pushing the crypto market into a wait-and-see phase.Regarding capital flows, U.S. Bitcoin spot ETFs have recorded net outflows for three consecutive days, with a single-day outflow of approximately $138 million on April 29. Ethereum ETFs saw outflows of about $87.7 million over the same period. Although individual products still saw inflows, the overall trend indicates cooling institutional demand.Meanwhile, CME open interest and ETF assets under management have stabilized but have yet to show strong signals of capital return. In the derivatives market, short positions in perpetual contracts have reached an all-time high, suggesting a potential squeeze if sentiment improves. However, the current market remains dominated by a low-volatility, low-confidence consolidation structure.Overall, Bitcoin is caught in a tug-of-war between an improving support structure and weak demand. Sustained ETF outflows, policy uncertainty, and macroeconomic risks collectively suppress its ability to break through the key resistance range. (The Block)
Bitget to List SKYAI and MEGA Spot Trading
Bitget will list SKYAI (SKYAI) and MegaETH (MEGA) spot trading. Deposit channels are now open, and trading channels will open at 16:00 and 19:00 (UTC+8) on April 30, respectively.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
Bitget CandyBomb: Trade BTC, ETH, etc. to Unlock 10,000 PROS Airdrop Tokens
Bitget has launched a new CandyBomb campaign with a total prize pool of 10,000 PROS. During the campaign period, new contract trading users who complete net deposit and designated contract trading tasks can earn up to 100 PROS per user. Detailed rules have been published on the official Bitget platform. Eligible users must click the “Join Now” button to register in order to participate. The campaign ends on May 6 at 18:30 (UTC+8).
Bitget will list AIGENSYN spot trading
Bitget will list Gensyn (AIGENSYN) in the AI zone. The deposit channel is now open, and the trading channel will open at 19:00 (UTC+8) today.
GameStop is planning to make a takeover offer for eBay.
According to sources familiar with the matter, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market capitalization of approximately $45 billion, with the aim of transforming it into a retail giant valued at over $100 billion—while GameStop’s current market cap stands at only about $11 billion. Per Bitget market data, following the news, eBay’s after-hours stock price surged more than 10% on U.S. markets, while GameStop rose roughly 5% in tandem. The sources also revealed that GameStop has quietly accumulated shares of eBay and may submit its formal offer as early as later this month; should eBay’s board reject the proposal, Cohen could launch a direct tender offer to eBay’s shareholders. Earlier this year, Cohen explicitly stated he is scouting major acquisition targets in the consumer and retail sectors, seeking to expand the company’s business beyond video games and collectibles. He recently revised his compensation plan, under which he stands to receive up to $35 billion in stock awards if certain conditions—including achieving a $100 billion market capitalization—are met. As of the end of March, GameStop held approximately $9 billion in cash—nearly double the $4.8 billion it held a year earlier—providing financial firepower for this “snake-swallowing-elephant”-style acquisition. Over the past 12 months, eBay’s stock has risen more than 50%; in February, it acquired the secondhand fashion platform Depop for $1.2 billion, further focusing on collectibles.
Bitget CandyBomb: Futures Trading Unlocks 33,333 SKYAI Tokens
Bitget has launched a new CandyBomb campaign with a total prize pool of 33,333 SKYAI tokens. New users can earn up to 333 SKYAI each by completing tasks such as net deposits and futures trading. Detailed rules are available on the official Bitget platform. Eligible users must click the “Join Now” button to register before participating. The campaign ends on May 8 at 18:00 (UTC+8).
AIGENSYN to Launch on Bitget Launchpool: Stake BGB, USDGO, and AIGENSYN to Unlock 4.58 Million AIGENSYN Tokens
Bitget Launchpool is set to list Gensyn (AIGENSYN), with a total reward pool of 4,580,000 AIGENSYN tokens. The staking period runs from May 1 at 18:00 to May 6 at 18:00 (UTC+8). This Launchpool round features three staking pools: BGB Staking Pool Airdrop Allocation: 3,206,000 AIGENSYN VIP User Staking Cap: 50,000 BGB Standard User Staking Cap: 5,000 BGB USDGO Staking Pool Airdrop Allocation: 916,000 AIGENSYN Individual Staking Cap: 500,000 USDGO AIGENSYN Staking Pool Airdrop Allocation: 458,000 AIGENSYN Individual Staking Cap: 12,500,000 AIGENSYN
Bitget Empowers Web3 Women’s Growth in Emerging Markets, Including the Philippines, Through Its Blockchain4Her Initiative
Bitget continues to advance Web3 education for women and community building in emerging markets such as the Philippines through its Blockchain4Her initiative. This program focuses on delivering a structured blockchain knowledge framework to women and youth, empowering them with solid foundational understanding to meaningfully participate in Web3’s long-term development and access more substantive opportunities within the industry. To realize this goal, Blockchain4Her has prioritized support for grassroots initiatives led by local women advocates. These include: transforming blockchain technology into tangible opportunity for underdeveloped communities; developing the *Young Learners’ Encyclopedia*, a dedicated learning curriculum for youth; and establishing a learning community focused on risk management and trading discipline. These efforts not only help local beginners avoid misinformation and cultivate rational Web3 literacy, but also align closely with Bitget’s global partnership with UNICEF to promote digital skills and blockchain education. Gracy Chen, CEO of Bitget and founder of Blockchain4Her, stated: “Our core mission is to provide women with a more equitable and open environment for exploring Web3. Seeing an increasing number of outstanding women actively contributing to community building demonstrates how genuine industry inclusivity takes root—and grows—from the ground up.”
Bitget to List SKYAI and MEGA Spot Trading
Bitget will list SKYAI (SKYAI) and MegaETH (MEGA) spot trading. Deposit channels are now open, and trading channels will open at 16:00 and 19:00 (UTC+8) on April 30, respectively.
Bitget Launches USDT-Margined AIGENSYN and PROS Perpetual Contracts, Supporting Up to 20x Leverage
according to the official announcement, Bitget has announced the launch of USDT-Margined AIGENSYN and PROS perpetual contracts, both with a maximum leverage of 20x. The contract trading BOT will be available simultaneously.
Related news
GameStop is planning to make a takeover offer for eBay.
According to sources familiar with the matter, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market capitalization of approximately $45 billion, with the aim of transforming it into a retail giant valued at over $100 billion—while GameStop’s current market cap stands at only about $11 billion. Per Bitget market data, following the news, eBay’s after-hours stock price surged more than 10% on U.S. markets, while GameStop rose roughly 5% in tandem. The sources also revealed that GameStop has quietly accumulated shares of eBay and may submit its formal offer as early as later this month; should eBay’s board reject the proposal, Cohen could launch a direct tender offer to eBay’s shareholders. Earlier this year, Cohen explicitly stated he is scouting major acquisition targets in the consumer and retail sectors, seeking to expand the company’s business beyond video games and collectibles. He recently revised his compensation plan, under which he stands to receive up to $35 billion in stock awards if certain conditions—including achieving a $100 billion market capitalization—are met. As of the end of March, GameStop held approximately $9 billion in cash—nearly double the $4.8 billion it held a year earlier—providing financial firepower for this “snake-swallowing-elephant”-style acquisition. Over the past 12 months, eBay’s stock has risen more than 50%; in February, it acquired the secondhand fashion platform Depop for $1.2 billion, further focusing on collectibles.
Bitget CandyBomb: Futures Trading Unlocks 33,333 SKYAI Tokens
Bitget has launched a new CandyBomb campaign with a total prize pool of 33,333 SKYAI tokens. New users can earn up to 333 SKYAI each by completing tasks such as net deposits and futures trading. Detailed rules are available on the official Bitget platform. Eligible users must click the “Join Now” button to register before participating. The campaign ends on May 8 at 18:00 (UTC+8).
Analysis: Bitcoin Stalled at Key Resistance, ETF Outflows and Fed Divergence Amplify Market Caution
Bitcoin remained near $76,000 on Thursday. After the Federal Reserve held interest rates steady, market attention quickly shifted to internal policy divergence and macroeconomic uncertainty. Analysts noted that Bitcoin remains suppressed below the key resistance range of $78,000 to $79,000, lacking short-term breakout momentum.Thomas Perfumo, Chief Economist at Kraken, stated that the market is currently more focused on policy uncertainty stemming from internal "divisions" within the Federal Reserve rather than the inaction itself. This is particularly true against the backdrop of Chairman Jerome Powell's continued tenure and the potential expectation of Kevin Warsh succeeding him, creating a lack of clear policy transition.Glassnode data shows that Bitcoin remains "trapped" below the True Market Mean, with resistance concentrated in the $78,000 to $79,000 range and support lying between $65,000 and $70,000. While selling pressure has eased, demand remains insufficient to support a sustained upward breakout.On the macro front, the Fed has shown rare, severe internal disagreements, interpreted by the market as rising uncertainty over the inflation path. Analysts from institutions like Bitget Wallet and 21Shares point out that the expectation of "higher rates for longer" is suppressing risk asset performance, pushing the crypto market into a wait-and-see phase.Regarding capital flows, U.S. Bitcoin spot ETFs have recorded net outflows for three consecutive days, with a single-day outflow of approximately $138 million on April 29. Ethereum ETFs saw outflows of about $87.7 million over the same period. Although individual products still saw inflows, the overall trend indicates cooling institutional demand.Meanwhile, CME open interest and ETF assets under management have stabilized but have yet to show strong signals of capital return. In the derivatives market, short positions in perpetual contracts have reached an all-time high, suggesting a potential squeeze if sentiment improves. However, the current market remains dominated by a low-volatility, low-confidence consolidation structure.Overall, Bitcoin is caught in a tug-of-war between an improving support structure and weak demand. Sustained ETF outflows, policy uncertainty, and macroeconomic risks collectively suppress its ability to break through the key resistance range. (The Block)
AIGENSYN to Launch on Bitget Launchpool: Stake BGB, USDGO, and AIGENSYN to Unlock 4.58 Million AIGENSYN Tokens
Bitget Launchpool is set to list Gensyn (AIGENSYN), with a total reward pool of 4,580,000 AIGENSYN tokens. The staking period runs from May 1 at 18:00 to May 6 at 18:00 (UTC+8). This Launchpool round features three staking pools: BGB Staking Pool Airdrop Allocation: 3,206,000 AIGENSYN VIP User Staking Cap: 50,000 BGB Standard User Staking Cap: 5,000 BGB USDGO Staking Pool Airdrop Allocation: 916,000 AIGENSYN Individual Staking Cap: 500,000 USDGO AIGENSYN Staking Pool Airdrop Allocation: 458,000 AIGENSYN Individual Staking Cap: 12,500,000 AIGENSYN
Bitget Empowers Web3 Women’s Growth in Emerging Markets, Including the Philippines, Through Its Blockchain4Her Initiative
Bitget continues to advance Web3 education for women and community building in emerging markets such as the Philippines through its Blockchain4Her initiative. This program focuses on delivering a structured blockchain knowledge framework to women and youth, empowering them with solid foundational understanding to meaningfully participate in Web3’s long-term development and access more substantive opportunities within the industry. To realize this goal, Blockchain4Her has prioritized support for grassroots initiatives led by local women advocates. These include: transforming blockchain technology into tangible opportunity for underdeveloped communities; developing the *Young Learners’ Encyclopedia*, a dedicated learning curriculum for youth; and establishing a learning community focused on risk management and trading discipline. These efforts not only help local beginners avoid misinformation and cultivate rational Web3 literacy, but also align closely with Bitget’s global partnership with UNICEF to promote digital skills and blockchain education. Gracy Chen, CEO of Bitget and founder of Blockchain4Her, stated: “Our core mission is to provide women with a more equitable and open environment for exploring Web3. Seeing an increasing number of outstanding women actively contributing to community building demonstrates how genuine industry inclusivity takes root—and grows—from the ground up.”
Bitget to List SKYAI and MEGA Spot Trading
Bitget will list SKYAI (SKYAI) and MegaETH (MEGA) spot trading. Deposit channels are now open, and trading channels will open at 16:00 and 19:00 (UTC+8) on April 30, respectively.