Bitget Delivers A Knockout Experience: VIP Access to Karate Combat's KC54 Dubai UFC Fight
DUBAI, United Arab Emirates, May 26, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, brought the heat to Token2049 with an exclusive ringside experience at Karate Combat KC54 in Dubai on May 2nd. Think high-octane strikes, VIP treatment, and a night so wild, even the blockchain felt the impact.
This year, Bitget raised the stakes by offering a premium experience that put crypto enthusiasts right at the heart of the action. Bitget's esteemed VIPs witnessed world-class fighters trade blows while enjoying gourmet food and premium beverages in an exclusive VIP section reserved just for Bitget's key opinion leaders and special guests.
With a crowd of 4,000-5,000 roaring fight fans, the energy in Dubai's premier venue was electric. Bitget COO Vugar Usi Zade perfectly captured the spirit of the event: "Crypto trading and combat sports demand the same qualities—quick reflexes, strategic thinking, and nerves of steel. We're thrilled to give our community this exclusive opportunity to experience world-class competition up close. Whether you're analyzing charts or analyzing fight techniques, this is where champions are made."
Robert Bryan, CEO of Karate Combat, remarked, "KC54 marked a significant milestone in our journey, and having Bitget as a sponsor amplified our commitment to innovation in combat sports. Their support helped us deliver an unforgettable experience that blended tradition with cutting-edge technology.
Asim Zaidi, President of Karate Combat, also added, "Partnering with Bitget for KC54 was a game-changer. Their involvement not only elevated the event's profile but also underscored the synergy between martial arts and the evolving digital landscape."
The event marked another strategic partnership for Bitget in the combat sports world, following their successful collaborations with professional combat athletes such as Wrestling World Champion, Buse Tosun Çavuşoğlu, and Boxing Gold Medalist Samet Gümüş (Boxing). By creating these exclusive live experiences, Bitget continues to build meaningful connections between the crypto community and high-profile sporting events.
Jyotsna Hirdyani, Bitget's South Asia head, who orchestrated the event, shared insights. "This is the future. From blockchain to sports, crypto is changing the game forever. This is what happens when sports & entertainment meet blockchain technology. It's a cultural shift where you will see more & more cross-plays of sports x crypto, the ultimate cross-over."
This partnership underscores Bitget's commitment to delivering unique, high-value experiences to its community. Just as in trading, timing is everything, and May 2nd in Dubai was when crypto met combat in what turned out to be an unforgettable showdown. Bitget's focus remains on creating tangible value for the crypto community beyond digital interfaces.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 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, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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 our Terms of Use.
About Karate
Karate Combat is the world's premier full-contact karate league, renowned for its innovative approach to combat sports entertainment. Known for its distinctive, fast-paced fighting style - essentially MMA without ground fighting, Karate Combat delivers high-energy bouts, with nearly half ending in knockouts. With over 7 million followers, hundreds of millions of views monthly, and over 100,000 active app users, Karate Combat is at the forefront of blending sports, technology community-driven experiences.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c42afdf6-d6ba-4c86-9956-11a55ab53e57
https://www.globenewswire.com/NewsRoom/AttachmentNg/7491be04-23bb-4a08-adea-298413bc3465
https://www.globenewswire.com/NewsRoom/AttachmentNg/11cf807e-3ef9-44f5-8645-11265a51e617
https://www.globenewswire.com/NewsRoom/AttachmentNg/3b65cc5e-9dd9-4842-9b2c-cb12d08b16d6Sign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
4 hours ago
- Wall Street Journal
An Iran Sanctions Pause Dies a Quiet Death
It's remarkable what a little sunlight can do. On Monday these pages reported that White House press secretary Karoline Leavitt, working with the new National Security Council, had instructed the Treasury and State Departments to pause all new sanctions activity against Iran. The news didn't go over well with President Trump, and by Tuesday we heard the pause had been lifted. On Friday the Administration confirmed it by issuing new Iran sanctions, the first since May 21. Treasury designated 10 individuals and 27 entities from Iran, China, Hong Kong and the United Arab Emirates that it says were involved in a shadow-banking network laundering billions of dollars for the Iranian regime. Pressure, which Iran will need to feel for the U.S. to secure a deal worth making, is back.
New York Times
5 hours ago
- New York Times
Buyer With Ties to Chinese Communist Party Got V.I.P. Treatment at Trump Crypto Dinner
The Trump White House has repeatedly sounded an alarm about visitors with ties to China's Communist Party coming to the United States, arguing that they are a potential security threat. But the administration appears to have literally left the door open to a member of a Chinese government group when it went along with a plan to give the biggest purchasers of President Trump's digital currency access to the president and the White House. Mr. Trump launched a so-called memecoin, a type of cryptocurrency, just days before his inauguration. To bolster sales, the president's business partners created a contest in April, offering the coin's top buyers a tour of the White House and a private dinner with Mr. Trump at his Virginia golf club. One of those buyers was He Tianying, who is a member of the Chinese People's Political Consultative Conference, according to government documents in China examined by The New York Times. That government group, referred to as the C.P.P.C.C., is an advisory body that seeks to broaden the Communist Party's influence and solicit support from influential people in Chinese society. Mr. He, who was registered at the Trump event as a resident of Hong Kong, advises the Chinese government through his role as a delegate of the Fangshan C.P.P.C.C., a district of Beijing. He is listed as a member of the organization's science and technology committee. The Times could find no indication that Mr. He is a member of the Communist Party, and the government body he serves on is fairly low level. Want all of The Times? Subscribe.
Forbes
6 hours ago
- Forbes
How Stablecoins Are Changing Global Finance
Stable Coin. Stablecoins Cryptocurrencies Stable Market Price Value Coin Currency. The U.S. Senate has taken a major step toward regulating stablecoins by advancing the GENIUS Act—a bill that could reshape the digital finance landscape. Still under discussion, the legislation proposes strict reserve and transparency rules for issuers and signals growing government interest in crypto oversight. Stablecoins are crypto tokens that are typically pegged to the U.S. dollar. They allow users to transact within blockchain ecosystems without the volatility of traditional cryptocurrencies. Today, two clear leaders dominate the market. Yet, while Washington begins drafting policy, stablecoins have already found product-market fit in places far beyond Capitol Hill. The global use of stablecoins is growing steadily, regardless of whether the market is in a bull or bear phase. In Latin America, sub-Saharan Africa, and among crypto-native startups, they've quietly emerged as a preferred tool for payments, payroll, and preserving value in unstable economies. So what does this bottom-up adoption mean for the future of global finance? Are stablecoins here to stay, or will they be replaced by Central Bank Digital Currencies? And if they are here to stay, how to ride this trend? According to DefiLlama, the current market capitalization of stablecoins is around $250 billion, which is still a small share of the global M2 money supply, approximately 1%. In other words, we're still early. To understand where the growth might come from, it's worth examining what stablecoins are used for—and why they've become so popular. Stablecoins market capitalization. The first is USDT (Tether), the largest stablecoin by market capitalization. Interestingly, Tether has also emerged as one of the most financially efficient companies in the world on a per-employee basis. According to a tweet published by Avichal Garg, co-founder of Electric Capital, the company generated an estimated $85.6 million in profit per employee in 2024: Profit per Employee (USD) vs. Company The second major player is USDC, issued by U.S.-regulated firm Circle. The company went public on June 5, under the ticker CRCL, with its stock surging over 200% on its first day of trading—pushing its market capitalization above $20 billion, according to Barron's. These two companies currently dominate the stablecoin space. Others worth mentioning include: • USDS (formerly DAI), which started as a decentralized stablecoin but has become only partially decentralized due to its large holdings of U.S. Treasuries and USDC. • USD1, a politically charged entrant tied to Donald Trump's network, which has generated some discomfort among Democratic lawmakers. Rep. Maxine Waters (D–Calif.), the ranking member of the House Financial Services Committee, voiced strong objections during a joint hearing on digital assets, stating: 'I object to this joint hearing because of the corruption of the President of the United States and his ownership of crypto and his oversight of all of the agencies.' Stablecoins are enjoying instant product-market fit: everyone needs access to crypto dollars — a version of the U.S. dollar that can be easily converted back to fiat, yet offers several advantages over traditional USD. While much of the attention on stablecoins focuses on regulation and market cap, their real momentum comes from how they're being used: The most obvious example of stablecoin usage is international payments. Sending U.S. dollars across borders with the traditional banking system typically involves SWIFT. Banks charge between $5 and $50 per transaction, often around $20, regardless of the transfer amount. That means sending $1,000 could cost users up to 2–5% in fees. In addition, the SWIFT transfers can take several business days to settle. Compared to transferring the same amount via stablecoins, even in the worst case, fees might only be a few dollars, and the transaction typically settles within minutes. That's at least 10 times cheaper and potentially 100 times faster. There's also another major benefit: users avoid capital controls, currency conversion hurdles, and heavy compliance bottlenecks, particularly relevant when sending money from or to countries with restrictive financial systems. The second use case — using stablecoins as a means of payment — is less advanced, largely due to regulatory inertia. Governments generally want citizens to transact in their local currencies, and stablecoins challenge that sovereignty. The lack of clarity discourages businesses from accepting them, especially given the lingering memory of Operation Choke Point, when certain industries were unofficially cut off from banking services. Despite the current U.S. administration's relatively crypto-friendly stance, the stablecoin bill GENIUS Act has yet to pass through Congress. This uncertainty keeps most merchants and payment providers on the sidelines. Once clear legislation is enacted, trust in stablecoins like USDT and USDC will likely surge. As for CBDCs, a concept that is often met with skepticism in the cryptocurrency community, the need for a government-backed digital dollar seems increasingly unnecessary. According to U.S. Treasury International Capital data, Tether's treasury holdings alone rival those of sovereign investors like Germany or Saudi Arabia. Meanwhile, Circle's portfolio is comparable to that of Thailand or Sweden. With such significant exposure to U.S. debt and growing political opposition to CBDCs—including campaign promises from Donald Trump to block their development—stablecoins may have already secured their place as the preferred digital dollar infrastructure in the United States. The third major use case—decentralized finance —is where stablecoins are already thriving. They serve as the foundational currency for DeFi applications, enabling lending, borrowing, swapping, yield farming, and more—all without centralized intermediaries. The functionality mirrors traditional finance but with key advantages: it's global, permissionless, and often more efficient. According to Dune Analytics data in the DeFi Report 2024–2025 , approximately 151 million wallet addresses interacted with DeFi protocols in 2024. While this figure likely includes duplicates, it provides a useful upper bound for estimating user activity. By comparison, World Bank data from 2021 shows that 4.6 to 4.9 billion people used traditional banking services globally. This also underscores the early stage of adoption of DeFi. But, once frameworks are established, DeFi usage could accelerate rapidly. Following these three cases, it's fair to say that stablecoins are here to stay. And this may only be the beginning: as crypto infrastructure intersects with artificial intelligence, stablecoins could enable AI agents to transact autonomously, unlocking programmable, real-time finance. So, how can investors position themselves to benefit from this trend? There are many ways, some of them look obvious, like buying CRCL as it has become a public company, or investing in Coinbase stocks (COIN), a company which is steadily growing its own layer two DeFi ecosystem. Some are more complicated, like finding companies to invest in that adopt stablecoins in their operations — for payments, payroll, or international transfers — and which are likely to scale faster than their peers, thanks to lower costs and global reach. Check Stripe, PayPal, and Deel as examples. On the decentralized side, assuming a favorable regulatory framework materializes, in a next way of adoption, DeFi applications could rapidly pull users away from traditional banks. In that case, there is significant upside in owning tokens or equity in platforms like Uniswap, Aave, or even Hyperliquid — all of which are well-positioned to become foundational players in the next generation of financial infrastructure. Derivative DEX trading volumes. But don't forget the risks to watch. Transformation won't come without resistance. The banking lobby remains one of the most powerful political forces in the world, and it's unlikely to welcome a shift toward 'magic internet money' without a fight. Regulatory headwinds, political gridlock, and coordinated opposition from legacy institutions are all real risks investors should keep in mind. But we know that fortune, at least in markets driven by emerging technologies, often favors the brave.
