ChainCatcher news, Bitget CEO Gracy Chen was invited to attend a Bloomberg TV interview. In the interview, Gracy mentioned that Bitcoin is fluctuating around the $100,000 mark, reflecting a strong "arbitrage" sentiment in the short-term market. She pointed out that especially some whale users who started accumulating positions in 2022 have an average holding cost of only about $20,000. Although future cryptocurrency regulations in the U.S. may become more lenient, the related uncertainties remain an important consideration for investors, and some investors choose to cash out at the current price level.At the same time, Bitcoin's recent performance has provided more opportunities for altcoins. However, regarding the rumors circulating in the market that "ETFs for altcoins like DOGE and SOL may soon be approved," she believes there are still multiple challenges: first, the issue of approval order. Based on the experience of Bitcoin and Ethereum ETFs being approved, the mainstream market usually first approves futures ETFs, followed by spot ETFs for related assets, and none of these altcoins' futures ETFs have been approved yet; second, regulatory discrepancies, as some regulatory agencies still dispute whether tokens like SOL are considered securities, which may affect the related approval process; third, the risk of market manipulation, as most altcoins are not as decentralized as BTC and ETH, making the possibility of market manipulation relatively higher.

ChainCatcher news, Bitget announced an update to its listing standards, further strengthening the token review process. All projects intending to list must pass a rigorous comprehensive evaluation, focusing on the token economic model, token supply and distribution, practicality, and the background and qualifications of the development team. In addition, Bitget requires projects to submit detailed business plans and roadmaps. This series of measures aims to enhance platform transparency and trust, safeguard user interests, and mitigate related risks.For newly listed projects, Bitget will focus on evaluating fully diluted valuation (FDV), funding background, token unlock schedules, as well as financial, security, compliance, political, and ethical risks; for tokens that are already circulating, the review will focus on on-chain data analysis and the comparison between 24-hour trading volume and FDV; for tokens already listed on other exchanges, the focus will be on smart contract security and token distribution.Bitget's Chief Legal Officer Hon Ng emphasized: "Any project intending to list on Bitget must undergo strict legal and technical reviews to ensure that code quality, security, and compliance meet Bitget's listing standards. These measures are designed to better protect users and avoid high-risk projects; projects that do not meet the standards will not be listed on the platform."Bitget's CEO Gracy Chen stated: "Our goal is to create a safe and trustworthy trading environment. By implementing these strict listing standards, we are not only protecting users but also ensuring that projects on Bitget have long-term development potential. We are committed to further expanding the spot market in the coming years, and these strict standards are an important part of achieving this strategy. In addition to the pre-listing review process, we will also provide ongoing support for quality projects after they are listed, helping them achieve long-term success."This update is part of Bitget's global strategy aimed at enhancing user security and strengthening platform compliance, contributing to the healthy growth of the cryptocurrency industry.

ChainCatcher news, according to official sources, Bitget will attend Token 2049 next week as the Title Sponsor. During the conference, Bitget will hold a celebration event themed "Bitget 6th Anniversary Offline Meetup - Face-to-Face with the CEO" on September 17. At that time, Bitget CEO Gracy Chen and executives, core Builders and partners of Bitget, project parties, investment institutions, crypto KOLs, industry media, and others will attend the event, which will include speeches, roundtables, awards, and lucky draws.Bitget CEO Gracy Chen stated: "For the past six years, Bitget has adhered to the user-first philosophy, hoping to further listen to users' voices, engage in deep communication with various parties, and discuss the future together. We look forward to meeting everyone in Singapore."

ChainCatcher news, Bitget appoints Gracy Chen as CEO, effective this May. Former CEO Sandra Lou will leave the company to focus on personal endeavors.Gracy has over 10 years of management, marketing, and investment experience and joined Bitget as Managing Director in 2022. During her tenure, she and the management team led Bitget in advancing its globalization strategy, signing celebrities like Messi, and building an international alliance network, increasing Bitget's user base by four times and propelling its total trading volume and overall strength into the global top five.Gracy actively promotes the integration of blockchain with public welfare, leading Bitget to launch the #Blockchain4Youth initiative aimed at encouraging young talents to embrace blockchain technology, as well as the #Blockchain4Her public welfare initiative supporting female entrepreneurs and professionals. Gracy is also a columnist for well-known media outlets such as Forbes and Cointelegraph. Additionally, she was invited to join the first crypto reality TV show Killer Whales, produced by a Hollywood team, as a judge to find promising Web3 startups. Gracy holds a bachelor's degree from the National University of Singapore (NUS) and an MBA from the Massachusetts Institute of Technology (MIT).

ChainCatcher news, the Harvard Entrepreneurship Club and the Berkeley Chinese Music Industry Association jointly launched the AMIF Music Venture Special Forum. Gracy Chen, Managing Director of Bitget, was invited to attend the forum, where she discussed the latest trends in the global music industry, investment, and entrepreneurial opportunities with George Howard, Professor of Music Business Management at Berkeley, and Gao Yang, Co-founder of MIXX Lifestyle Group.

ChainCatcher news, invited by Forbes, Bitget's Managing Director Gracy Chen has been selected as a member of the Forbes Business Council. The Forbes Business Council is an invitation-only community for entrepreneurs and business leaders. Gracy Chen passed the review and selection process by the advisory board and officially became a member of the Forbes Business Council due to her achievements in the management field.Bitget's Managing Director Gracy Chen stated, "I am very honored to join the Forbes Business Council and look forward to collaborating with the business leaders of the council. This is an opportunity to drive the development of the digital space and further realize our mission."

ChainCatcher news, Bitget's General Manager publicly stated regarding the recent malicious events in the industry: "Since the birth of the industry, we have experienced many ups and downs together, traversing bull and bear markets, and witnessing the rapid development of the industry. Along this journey, we have gathered industry practitioners with a shared goal and common aspirations. Some have exited but still hold a passion, while many more, like Bitget, focus on enhancing product experience and service quality as builders of the industry."She pointed out, "Deliberate smearing and slandering of competitors will hinder the progress of the industry; obstacles to industry development should not come from peers. Bitget will always be a builder of the industry and a practitioner of positive energy. We once again thank our users who have always trusted us. Bitget will uphold the original intention of the cryptocurrency industry, resolutely maintain a fair and orderly positive environment, and truly create value for the industry and users."

ChainCatcher news, August 25, Benzinga selected 30 global figures to watch, among which Gracy Chen, Managing Director of Bitget, made the list.Benzinga explained the reason for Gracy Chen's inclusion on the list: "Chen actively promotes the development of cryptocurrency, launching innovative tools that combine artificial intelligence to effectively lower the entry barriers to the crypto space. Her profound understanding of blockchain and artificial intelligence, combined with her extensive experience as a professional speaker and interviewer, makes her the perfect ambassador between traditional finance and crypto investment."

ChainCatcher news, according to DefiLlama data, the current total market capitalization of stablecoins is approximately $124.3 billion, the lowest level since September 2021, with continuous outflows from the entire market. As of August 23, USDT's market capitalization reached $82.815 billion, accounting for 66.62% of the stablecoin market share, ranking first; the second and third largest by market capitalization are USDC ($25.57 billion) and DAI ($5.08 billion), respectively.In terms of the outflow of funds from mainstream stablecoins, except for DAI, which has shown an upward trend due to the revival of RWA, centralized stablecoins including USDT and USDC have seen outflows of 1.15% and 3.55% this month, respectively; BUSD has experienced the most severe outflow in a single month, reaching 17.35%.Gracy Chen pointed out: "The overall volume of stablecoin funds is expected to continue to decline, one reason being the ongoing decline in the crypto market, which has also led to a continuous decrease in mining yields around stablecoins, resulting in large funds exiting; secondly, the reduction in market wealth effects and the overall decrease in volatility are causing speculative capital to gradually withdraw. Thirdly, the Federal Reserve's continuous interest rate hikes are pushing up deposit rates, leading to significant outflows of dollar stablecoins. Additionally, a major positive event is needed to reverse the market trend and stop the outflow of stablecoins."

ChainCatcher news, Bitget will hold the "Bitget 5th Anniversary VIP Private Journey" in Singapore from September 11 to September 14. Bitget's General Manager Gracy Chen has confirmed her attendance at this VIP event, where she will engage in in-depth discussions on emerging hot topics with attendees and share industry experiences.

ChainCatcher news, recently the Telegram Bot track has been gaining popularity, mainly due to the meme wealth creation myth and the rampant MEV providing fertile ground for the growth of Telegram Bots. Currently, Unibot cannot rely on its product to earn most of its money, but is heavily dependent on token trading (charging a 5% transaction tax). If token trading volume declines, a vicious cycle may occur: "reduced income, deteriorating fundamental data, declining user confidence, token price drop, and weakened wealth effect in the track."Bitget's General Manager Gracy Chen stated, "To avoid a vicious cycle in the Bot track, continuous progress is needed in both user base and product innovation. There is significant room for growth in current trading volume and number of trading users. Bots expanding from Telegram to Discord, like Wagiebot, may also be a way to acquire new users. In terms of product innovation, Bots may not be limited to Snipe and Front-Run of Tokens in the future, but can also explore new users in the NFT market. Additionally, the underlying logic of Telegram Bots is to 'follow Smart Money,' and now Bitget is the world's largest cryptocurrency copy trading platform; as of June this year, over 100,000 traders have shared strategies on Bitget, and more than 490,000 users have copied their strategies."

ChainCatcher news, recently, YGG has led the GameFi sector, however, the heat of the track has been maintained for a short time. As a gaming guild concept, the projects most closely associated with YGG are Merit Circle and Guild Fi, but both of these projects have shown weak performance subsequently, with significant price spikes. Additionally, leading platform tokens such as GALA, MAGIC, and IMX have not seen significant capital inflows, indicating that this GameFi sector has not experienced a true recovery.Through on-chain data analysis by Bitget Research Institute, it was found that during the rise of YGG, DWF Labs, BITKRAFT Ventures, a certain whale, Youbi Capital, Sfermion, and Wintermute transferred 3.64 million, 1.57 million, 2 million, 1 million, 1.2 million, and 11.1 million YGG tokens to Binance, respectively.Regarding the future development of the GameFi sector, Gracy Chen stated: "We can maintain medium to long-term attention on the gaming sector. First, the gaming sector has undergone a long period of bottom washing, and the chips in the hands of retail investors have basically been collected by institutions. Secondly, institutions continue to invest; since the beginning of this year, over 90 gaming projects have raised funds, amounting to hundreds of millions of dollars. Finally, the Cancun upgrade will bring benefits; as the Cancun upgrade significantly enhances Layer 2 performance, it will facilitate the multi-chain deployment and operation of GameFi games. The improvement of infrastructure and performance may lead to capital speculation."

ChainCatcher news, Worldcoin recently announced its token launch. When several CEXs opened, the WLD token briefly priced around 1 dollar, followed by a rapid surge. According to Bitget, WLD peaked at 4.7 dollars for a short time, with an increase exceeding 1000%.The total supply of Worldcoin (WLD) is 10 billion, and based on fully diluted valuation (FDV), this project reached a peak valuation of 47 billion dollars. However, the WLD price subsequently plummeted, primarily due to flaws in the market-making terms and the tokenomics.Gracy Chen, General Manager of Bitget, stated: It is difficult for WorldCoin to maintain a high valuation in the long term. Firstly, there are flaws in the market-making terms. Market makers control over 96% of the circulating tokens, and their high stakes give them complete manipulation ability over the market, allowing them to dictate the price direction. Since their cost is between 2-2.8, with a support price of 2.8 dollars, any opening price above 2.8 is a profit opportunity for market makers to distribute tokens. Secondly, NFT holders were not airdropped tokens, which sparked public outcry. Thirdly, the release curve is too rapid, and the aggressive token release speed has led to excessive selling pressure. Finally, the project changed its token distribution plan; in 2021, Worldcoin allocated 20% of tokens to Tools for Humanity (TFH) investors and teams, which was later increased to 25%. In the revised tokenomics, more low-cost tokens will flow to the project parties and investors rather than the community.

ChainCatcher news, Bitget General Manager Gracy Chen shared her views on the future market at the third VIP private meeting. She first pointed out that while regulation is tightening, it will not completely suppress industry development. Once the cryptocurrency market reaches a certain scale and user base, it will drive the construction of relevant frameworks. Secondly, the Federal Reserve has slowed down its interest rate hikes in the first half of the year and will gradually enter a rate-cutting phase in the second half. Finally, she noted that the entry of traditional financial giants like BlackRock and Fidelity has brought positive signals to BTC spot ETF applications, which will bring more incremental funds to the market.In addition, more rights and benefits will be empowered to VIP users in the second half of this year, such as: priority subscription for Launchpad and fund shares, whitelist for staking and lending, Bitcard (digital currency Visa credit card), and private wealth management products in the fund supermarket (for VIP3 and above), etc.

ChainCatcher news, Bitget plans to make the Middle East its next business expansion region, focusing on exploring Bahrain and the United Arab Emirates, which includes the crypto-friendly Dubai, Abu Dhabi, and Ras Al Khaimah. The compliance department of Bitget has begun to explore local compliance-related applications to provide regulatory-compliant services locally. This expansion plans to establish a regional headquarters and recruit 30 to 60 new team members for mid-office and back-office functions.Bitget stated that the latest statistics on cryptocurrency adoption indicate that the Middle East and North Africa are the fastest-growing regions for cryptocurrency, accounting for 9.2% of global trading volume from 2021 to 2022. From 2020 to 2022, the number of registrations in the United Arab Emirates increased by 400%. Additionally, blockchain-related educational programs in the region have increased by 300%.Gracy Chen, General Manager of Bitget, stated, "We hope to rapidly expand the team size in the Middle East and are considering selecting Dubai as the regional operations center. This move also aligns with our core values of promoting the development of the blockchain industry globally."

ChainCatcher message, in July, the DeFi classic leading tokens experienced significant speculation. According to Coingecko data, the total market capitalization of DeFi sector projects rose from 46.3 billion USD at the end of June to a peak of 51.2 billion USD, an increase of 4.9 billion USD in market value;Bitget General Manager Gracy Chen stated: "The first reason for this round of DeFi sector rotation is the hype around the RWA narrative, as US Treasury yields have surpassed the risk-free yield of DeFi. On June 29, Compound founder Robert Leshner announced his entry into the RWA track, establishing a new company Superstate and bringing US Treasury bonds on-chain, which led to a rise of over 100% in the related project COMP. Secondly, with XRP winning the lawsuit against the SEC regarding whether it is a security, the fundamentals of DeFi classic leading tokens have improved significantly. The third reason is the new proposal from MakerDAO, which suggests the introduction of a smart burn mechanism, while AAVE officially launched the decentralized stablecoin GHO, and Synthetix updated to version V3. These product updates and actions have sparked market enthusiasm."

ChainCatcher news, Bitget has launched an AI-powered grid trading strategy. Users can choose different AI strategies based on their risk preferences, such as: "Conservative", "Safe", and "Aggressive". The conservative algorithm is suitable for beginners looking to avoid risks, the safe algorithm is for those seeking balanced preferences, and the aggressive algorithm aims to maximize returns for experienced high-frequency traders.Gracy Chen, General Manager of Bitget, stated: "This product is designed to provide users with smarter trading tools. AI-driven products can make complex trading strategies easier to implement, thereby filtering out the optimal strategies for users and maximizing returns. (Source link)

ChainCatcher news, Killer Whales is a television show co-produced by HELLO Labs and CoinMarketCap. Bitget Managing Director Gracy Chen confirmed her attendance on Twitter on June 21 and will serve as a judge for the Killer Whales reality show. The show combines Shark Tank (also known as The Pitch) and America's Got Talent into a Web3 Hollywood television program. It is expected to air in prime time on global television stations by the end of 2023.HELLO Labs was founded by Grammy-nominated Paul Caslin, and HELLO Labs CEO Sander Gortjes stated, "Gracy has extensive experience in global strategic management, and we are thrilled to have her on board to share her valuable insights with audiences worldwide." (Source link)