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Bitget expands institutional-level custody and over-the-counter settlement infrastructure, supporting diverse custody and settlement models

As the institutional market gradually develops towards the separation of custody and trading, Bitget is expanding its open custody and over-the-counter settlement infrastructure for institutional clients, providing more flexible asset custody, fund management, and trading access options.Currently, Bitget has partnered with institutions such as Copper ClearLoop, Cactus Custody Oasis, Fireblocks Off Exchange, OSL MirrorEX, Bitfire PrimeMirror, and Sygnum Protect to meet the differentiated needs of institutions in asset isolation, custody options, settlement efficiency, and liquidity access through diversified custody and settlement models.Bitget's CEO Gracy Chen stated that different types of institutions have varying needs for custody, settlement, and capital management. Bitget aims to allow institutions to choose solutions based on their operational models through open and compatible infrastructure, enhancing fund utilization efficiency and liquidity access capabilities while achieving asset risk isolation. This expansion is also an important part of Bitget's UEX strategy, with institutional services continuing to be a strategic focus to further enhance capital utilization efficiency and accelerate the integration of crypto assets with tokenized traditional financial infrastructure.

Yilihua analyzes the four major reasons for the winter in the primary cryptocurrency market and calls on project builders and leading CEXs to take joint action to reverse the downturn

Liquid Capital founder Yi Lihua published an article discussing the current state of the cryptocurrency primary market. He stated that the main reasons for the decline of the cryptocurrency primary market are: "First, the narrative has collapsed; from white papers to institutional endorsements to TVL manipulation, the basic market is no longer buying in. Second, there is a supply imbalance; now there are tens of thousands of projects, and it is extremely difficult for excellent projects to emerge. Third, the 1 plus 3 unlocking mechanism essentially targets VCs, allowing projects, market makers, and exchanges to run first. Fourth, the cost of listing coins; now primary projects require high valuations and large financing mainly because of several leading centralized exchanges going live, with an average cost needing tens of millions of dollars."Yi Lihua believes that industry leaders need to truly focus on building, such as improving the coin listing selection method on Binance. Under the current model, even if Vitalik Buterin's ETH were to come today, it would not be able to list on Binance. Additionally, the 1 plus 3 unlocking mechanism should be completely abolished; VCs bear the greatest risk and should not be burdened with the worst unlocking terms, as the success or failure of a project is fundamentally not determined by VCs.Finally, cryptocurrency projects need to return to real revenue and buybacks. The sustained prosperity of the U.S. stock market over the years is primarily due to performance growth and the encouragement of shareholder returns. This is what industry leaders should be doing, allowing secondary market investors to truly find quality projects.

first_img Animoca Brands has suspended the reverse merger transaction with Currenc and remains committed to relisting

Animoca Brands and the Nasdaq-listed company Currenc Group have suspended the previously proposed reverse merger negotiations, which were originally intended to facilitate Animoca's listing. In a statement released on Tuesday, Animoca indicated that after assessing the project timeline and the "evolving market environment," both parties agreed that the time required to complete the transaction no longer aligned with their short-term and mid-term goals.Animoca co-founder and executive chairman Yat Siu stated, "Corporate agility must take precedence over" advancing the merger with Currenc. Animoca added that the company "remains fully committed to relisting on a major public exchange," and if conditions permit, both parties may consider resuming merger negotiations. The reverse merger plan was first announced in November 2025, originally intended for Currenc to acquire Animoca through an Australian arrangement, with Animoca shareholders collectively holding 95% of the merged company's shares post-merger.Animoca was previously listed on the Australian Securities Exchange but was delisted in 2020 due to scrutiny over its involvement in crypto-related activities. In 2022, the Australian Securities and Investments Commission convicted Animoca and imposed a fine for failing to submit annual reports for 2019-2021 and some semi-annual reports. Animoca stated that it is actively advancing the preparation of its audited financial statements for the fiscal year 2024 and continues to seek the optimal path for relisting. Currenc Group is a fintech company headquartered in Singapore, focusing on AI and tokenization solutions.
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