Latest news with #BitMart
Business Upturn
23-05-2025
- Business
- Business Upturn
XRP News: Join XenDex Presale Before Listing $XDX On Top Exchanges As Ripple Moves To Acquire Circle
By GlobeNewswire Published on May 24, 2025, 00:50 IST SYDNEY, May 23, 2025 (GLOBE NEWSWIRE) — Ripple is reportedly moving to acquire Circle, the issuer behind stablecoin USDC and the excitement around the XRP ecosystem is reaching new heights. And as XRP's strategic momentum builds, XenDex is quickly becoming the most anticipated DeFi launch on the XRP Ledger. With just 5 days left in its presale, the window to purchase $XDX tokens at early-bird pricing is rapidly closing. Early adopters are rushing in to secure tokens before listings go live on major exchanges like Binance, BitMart, MagneticX, MEXC, and FirstLedger. Purchase $XDX At A low Price & Earn Rewards What is XenDex on XRP Blockchain? XenDex is the first all-in-one decentralized exchange (DEX) built entirely on the XRP Ledger, delivering high-speed, low-cost trading while integrating next-gen DeFi functionalities previously missing from XRPL. It's built to empower both everyday traders and seasoned crypto investors. Features and Problems XenDex Aims to Solve on XRP Ledger Despite XRP's speed and scalability, it lacks essential DeFi utilities. XenDex addresses these gaps with: AI Copy Trading – Mirror expert trades in real-time – Mirror expert trades in real-time Lending & Borrowing – lend or borrow your crypto assets – lend or borrow your crypto assets Cross-Chain Trading – Swap tokens between XRP and Solana, BNB, and Ethereum – Swap tokens between XRP and Solana, BNB, and Ethereum DAO Governance – Let $XDX holders vote on major platform decisions Buy $XDX At Discount Price Advantages of $XDX The $XDX token powers XenDex and rewards its holders with: Voting rights for platform governance Staking and liquidity farming rewards Trading fee discounts Exclusive airdrops and early feature access Where Can I Trade $XDX? After the presale, $XDX will launch on top exchanges, including Binance, MEXC, BitMart, MagneticX, and FirstLedger, increasing visibility and global access. Is XenDex a Legit Project on XRP? Yes — XenDex is backed by a dedicated crypto-native team with experience on SUI and Cardano. The project is undergoing audits, also it integrates with trusted XRPL partners like Xaman and XRP Toolkit, and operates transparently with a long-term vision. Buy $XDX Before Listing On Top Exchanges How Do I Buy $XDX? Visit: Minimum Buy: 150 XRP Rate: 1.25 XRP = 10 XDXSetup Wallet: Use Xaman for trustline setup How To Buy Link: XenDex Presale Details Soft Cap: Filled Filled Hard Cap: Nearly Filled Nearly Filled Presale Rate: 150 XRP = 1200 $XDX 150 XRP = 1200 $XDX Time Left: 5 Days Remaining Join XenDex Community Website: Presale: Telegram: Twitter: Docs: Contact:Frank Richards [email protected] Disclaimer : This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. 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WIRED
16-05-2025
- Business
- WIRED
The Trump Memecoin Dinner Winners Are Getting Rid of Their Coins
May 16, 2025 12:45 PM Many of the crypto investors preparing to attend an exclusive gala dinner with US president Donald Trump have offloaded the coins that won them their seats. Photograph: Kirill Aleksandrovich/ Shutterstock Next week, a coterie of crypto investors will share an extravagant dinner with US president Donald Trump at his golf club in Washington D.C. They won their seats at the dinner by purchasing large amounts of Trump's personal crypto coin. But since their places were confirmed on Monday, almost half have gotten rid of their holdings whether by selling the coins or transferring them to different wallets, a WIRED analysis shows. The team behind the TRUMP coin announced the dinner competition on April 23, promising to invite the top 220 holders to dine alongside the president. The top 25, meanwhile, would qualify for a doubly exclusive tour and pre-dinner reception, the website explained. The organizers selected the attendees based on who had bought the most TRUMP and held their coins the longest between the announcement date and May 12. Although a few of the winners have identified themselves publicly—like Sheldon Xia, founder of crypto exchange BitMart—the identities of most are concealed behind leaderboard usernames and alphanumeric crypto wallet addresses. To claim a spot at the dinner, investors had to purchase at least 4,196 units of the TRUMP coin, worth about $54,000 at the time of writing. To qualify for the reception, the VIPs held around 325,000 TRUMP coins on average, worth roughly $4.2 million. At the time of writing, 100 of the 220 attendees have done away with practically their entire TRUMP stash, including 17 of the 25 VIPs. One VIP, going by the username Woo, appears to have made a $2.5 million profit on their TRUMP holdings, which they delivered to crypto exchange Binance on Wednesday, presumably with the intention to sell. Though the attendees would appear to be eager for an audience with Trump, their trading activities since the competition deadline appear to imply a low conviction in the long-term potential of the president's coin as an investment asset. Representatives for Trump did not respond immediately to a request for comment. That sentiment appears to be shared broadly among sophisticated crypto investors. As of Friday, only nine smart money traders—meaning those with a strong track record of profitability—are invested in the TRUMP coin, according to analysis by Nicolai Søndergaard, research analyst at blockchain analytics company Nansen. After the dinner was first announced, analysts expressed concerns about a potential slump in the price after the spaces at the dinner had been confirmed, caused by a sell-off among investors whose immediate incentive to hold the coin had evaporated. On May 12, the day of the competition deadline, the organizers tried to encourage the qualifying attendees to hold onto their coins, presumably in a bid to avoid a sell-off. Any attendees who arrived at the dinner with as many units of TRUMP as they held at the end of the competition, the organizers announced on X, would be rewarded with a 'very special and rare' NFT. They also teased a 'rewards points program,' the details of which have not yet been revealed. Though many of the qualifying attendees were apparently unmoved by the prospect, choosing to forgo the NFT in favor of offloading their coins, it has not had a material detrimental impact on the TRUMP price. At the time of writing, the TRUMP coin is trading for $12.86 per unit, down from $14.59 on May 12. The limited decline in price had been predicted in some quarters, attributed to the possibility that holding the coin might yield yet further perks or advantages in future—potentially including access to Trump. In establishing an explicit quid pro quo—a large investment in exchange for a dinner with the president—the competition effectively turned TRUMP into a so-called utility coin. That idea is underscored by the rewards program teased by the organizers. 'The market will expect further utility to come from holding that coin,' Nathan van der Heyden, head of business development at crypto company Aragon, told WIRED in April. 'Before, you were speculating on a TRUMP coin with no utility. Now you're speculating on future access to Trump. That has to be worth a bit more money.'
Int'l Business Times
13-05-2025
- Business
- Int'l Business Times
Top $TRUMP Meme Coin Holders To Get 'VIP' Treatment, Solana NFTs, And Background Checks
The Official Trump ($TRUMP) token is President Donald Trump's meme coin launched ahead of his inauguration in January. The Official Trump Meme Website / Screenshot BitMart's Sheldon Xia revealed he will get a 'private VIP tour' after the Gala Dinner as he placed in the Top 25 All Top 220 holders who hold on to their $TRUMP coins until the dinner will get a 'Diamond Hand' limited-edition NFT Trump has been at center of political concerns over his alleged 'corruption' in relation to his crypto ventures The first ever TRUMP meme coin competition has ended, and the team behind the U.S. president's official meme token revealed that the top 220 holders on the leaderboard will not just have dinner with President Donald Trump, but they will also get their backgrounds checked before the event. Some of the winners have posted the emails they received from the TRUMP meme coin team, wherein it was confirmed that winners have been invited to the Gala Dinner on May 22. Crypto Executive Reveals Major Perk Sheldon Xia, the founder of cryptocurrency trading platform BitMart, revealed late Monday that he made to the Top 25 of the meme coin contest. According to Xia, he is heading to the much-anticipated dinner at the Trump National Golf Club in D.C., and he will also get a "private VIP tour the next day." Just made it into the Top 25 of the Trump Meme Contest—heading to the VIP Reception & Gala Dinner on May 22 at Trump National Golf Club DC, plus a private VIP tour the next day! Proud to support President Trump's pro-crypto vision. Web3 needs bold, decisive leadership to thrive… — Sheldon (@sheldonbitmart) May 13, 2025 As per the leaderboard, a "VIP" with the name Xia is the Top 18 TRUMP holder. A TRUMP whale with the username Sun is the top holder among all 220 top TRUMP coin holders. Sun's current token holdings are at 1.4 million coins, while Xia's current holdings are at 174,000. Top 220 to Receive Unique NFTs The TRUMP token team announced that exclusive nonfungible tokens (NFTs) will be created and given to everyone who signed up for the leaderboard. Also, the Top 220 holders will get unique NFTs, which will be sent to their wallets shortly after the Gala Dinner. For Top 220 holders who "HODL" their coins until the dinner, they will get a "TRUMP Diamond Hand limited edition TRUMP Solana NFT," plus more TRUMP Rewards points. The team went on to tease that there will be a "next era of $TRUMP" that will be unveiled at the dinner. The First $TRUMP Competition is officially over! Details and what's next for $TRUMP Below: If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that… — TrumpMeme (@GetTrumpMemes) May 12, 2025 Background Checks Necessary Aside from the big announcements made Monday to winners of the first TRUMP meme coin competition, the TRUMP team also said "there will be background checks that need to be completed before your attendance is confirmed." No further details were provided regarding the background checks, but it is worth noting that many crypto users jumped into the space due to the anonymity promised around a holder's background. Trump's upcoming Gala Dinner with TRUMP whales comes amid increasing scrutiny over the president's crypto ventures. Just last week, Democratic lawmakers stormed out of a scheduled hearing on crypto legislation after Republicans allegedly refused to discuss Trump's crypto involvement. Rep. Maxine Waters, D-Calif., said she objected to the hearing due to the president's "ownership of crypto" and his "corruption" in relation to his crypto ventures. There has been growing concern over potential conflicts of interest surrounding the president's role as the head of the country and his continuing business ventures in the crypto space. © Copyright IBTimes 2024. All rights reserved.
Associated Press
12-05-2025
- Business
- Associated Press
WuBlockchain Interviews BitMart's New CEO Nenter (Nathan) Chow: Technological Innovation, Global Expansion, and Community Empowerment
Mahe, Seychelles, May 11, 2025 (GLOBE NEWSWIRE) -- In an exclusive interview conducted by WuBlockchain, one of the cryptocurrency industry's leading media platforms, BitMart's newly appointed CEO, Nenter (Nathan) Chow, shares the key factors behind his transition from traditional finance to Web3, and how his background strengthens BitMart's core competitiveness. He also outlines the platform's strategic plans in technological innovation, global market expansion, and community building, while offering insights into emerging trends at the intersection of AI and blockchain. With over 17 years of experience in traditional finance, Chow was motivated to transition to the Web3 space due to a strong belief in the transformative potential of decentralized technologies to reshape global financial systems. Having spent years in investment banking at institutions like JP Morgan and Mitsubishi UFJ, Chow observed both the strengths and limitations of traditional finance, including inefficiencies in cross-border transactions and barriers to financial inclusion. Web3, with its foundation in blockchain, provided a decentralized, transparent, and accessible alternative that empowered individuals and communities worldwide. His transition was further supported by his experience in leveraged finance, M&A, and debt capital markets, which provided a deep understanding of capital flows and institutional needs, critical for scaling Web3 adoption. Joining Animoca Ventures gave Chow the opportunity to immerse himself in the Web3 space, forge connections with innovators and governments, and now, as BitMart's CEO, he aims to leverage his expertise to build a platform that acts as a gateway to this new financial frontier. Chow's previous role as a partner at Animoca Ventures also significantly influenced his strategic vision for BitMart's future development. At Animoca, he led global expansion efforts, built relationships with top project founders and investors, and secured premium deal allocations, such as being one of the only Asian venture funds on Monad's cap table. This experience underscored the value of bridging regional ecosystems, particularly between Asia and the West, to unlock unique opportunities. For BitMart, Chow envisions a platform that facilitates not only trading but also serves as a cornerstone of the Web3 ecosystem. His investment background guides his strategy of fostering innovation through strategic partnerships, including collaborations with Paxos and Banxa, and supporting emerging projects via the platform's Launchpad. Furthermore, Chow's work with Web3 support and accelerator programs in the MENA region reinforced the power of collaborating with governments and accelerators to drive adoption, positioning BitMart as a trusted partner for both institutional and retail users. In discussing BitMart's positioning in today's highly competitive exchange market, Chow emphasized that BitMart stands out due to its global, user-centric approach. Serving over 10 million users across 200 regions, BitMart's core competitive advantages lie in its robust security framework, technological innovation, and localized engagement. BitMart's security, highlighted by its multi-layered defense system and partnerships with firms like Fireblocks and Cobo, is critical in maintaining trust in a market facing heightened scrutiny. BitMart differentiates itself through empowering users, notably with its 'Stake to Vote' mechanism, where users can stake BMX tokens to influence token listings, turning them into stakeholders. Additionally, BitMart's third-generation trading system, capable of processing 80,000 orders per second with a 2-millisecond latency, sets an industry standard for speed and reliability. With support for 90 fiat currencies and 11 languages, BitMart ensures local relevance across diverse regions such as the EU, MENA, and LATAM, combining global reach with tailored experiences. Looking toward BitMart's strategic goals for the next phase, Chow highlighted three key priorities: enhancing technological innovation, expanding global reach, and empowering communities. The platform is prioritizing AI integration and blockchain convergence, planning to roll out smart analytics and automated tools in 2025. BitMart also aims to strengthen its presence in both regulatory-mature markets, such as the EU, and high-growth regions like MENA and LATAM, leveraging localized strategies and partnerships. Additionally, BitMart is committed to transforming users into active stakeholders through initiatives like the decentralized wallet strategy, set to launch in Q3 2025, and the 'Stake to Vote' program, aligning with its mission to build a sustainable and inclusive crypto ecosystem. In terms of BitMart's latest global growth strategy, Chow explained that initiatives like the 'Slippage Protection Program' and the 'Global Community Partner Program' reflect the platform's commitment to empowering users and promoting community participation. The Slippage Protection Program compensates users within one hour for slippage exceeding 0.05%, reinforcing BitMart's position as a user-first platform that values transparency and reliability. Meanwhile, the Global Community Partner Program encourages decentralized engagement by empowering local ambassadors to host events and share insights. This initiative strengthens BitMart's global-local balance and elevates its brand as a trusted, innovative exchange. Chow also noted that BitMart's Slippage Protection Program stands apart from similar mechanisms in the market due to its speed, transparency, and user-centric design. Unlike other programs that may involve delays or complex processes, BitMart's program compensates users quickly and efficiently, ensuring immediate relief for slippage exceeding 0.05%. The program's seamless integration with BitMart's third-generation trading system allows for real-time monitoring and rapid resolution of slippage issues, setting a new standard for trust in the trading environment. The launch of the Elite Trader Program was another significant initiative designed to attract top traders. The program offers substantial incentives, including a 50% share of followers' profits, making it one of the most lucrative in the industry. BitMart attracts top traders by providing advanced tools such as its third-generation trading system, which ensures low-latency, high-throughput trading, as well as exclusive benefits like access to premium market insights and personalized support. Chow also discussed the delicate balance BitMart maintains between decentralized community building and a consistent brand image. Through programs like the Global Community Partner Program, BitMart empowers local ambassadors to engage with users while ensuring alignment with core values of security, transparency, and innovation. Regular training and clear communication guidelines help maintain brand consistency across diverse markets, while initiatives like 'Stake to Vote' further engage the community and reinforce BitMart's user-centric approach. Drawing from his experience with Web3 support and accelerator programs in the MENA region, Chow offered insights into the differences in Web3 ecosystem development across global regions. In MENA, government-backed initiatives prioritize institutional integration and public-private partnerships, providing fertile ground for Web3 innovation. In contrast, regions like North America and Asia rely more heavily on private sector innovation, with ecosystems built around venture capital and grassroots projects. These regional insights inform BitMart's global strategy, allowing the platform to engage with governments in MENA, leverage venture capital networks in the West, and tap into Asia's vibrant community for adoption. Chow expressed his strong belief in the convergence of AI and blockchain technology as a transformative force for finance, enhancing efficiency, transparency, and personalization. BitMart is actively exploring this convergence, with plans to roll out AI-powered smart analytics, automated trading tools, and personalized investment strategies in 2025. BitMart's commitment to these technologies aims to position it as an industry leader in delivering intelligent, user-centric solutions for the Web3 ecosystem. Finally, Chow provided his perspective on the current trends in the broader cryptocurrency market. He pointed out the increasing adoption of stablecoins, the tokenization of real-world assets, and the rise of AI-blockchain integration as key developments to watch. BitMart is focused on capitalizing on these trends by advancing its technological capabilities, expanding its global footprint, and fostering community-driven initiatives, ensuring it remains at the forefront of the cryptocurrency industry. This interview was conducted by WuBlockchain. Read the full article here: About BitMart BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. Disclaimer: The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice. Chenkai at
Associated Press
06-05-2025
- Business
- Associated Press
BitMart Token2049 Dubai VIP Private Party: Gathering in the Cloud to Draw the Future of Web3
Dubai, UAE, May 06, 2025 (GLOBE NEWSWIRE) -- During the Token2049 Dubai Conference, BitMart, the world's leading digital asset trading platform, held a unique VIP private party at the world's highest restaurant, Atmosphere, located on the 122nd floor of the Burj Khalifa in Dubai. This high-end gathering above the cloud attracted more than 500 industry elites from all over the world, including well-known KOLs, institutional representatives, project founders and industry leaders. BitMart CEO and many executives also attended the event to discuss the future development of the Web3 ecosystem while overlooking the dazzling night view of Dubai. In his opening speech, Nathan (Nenter) Chow, global CEO of BitMart, said: 'I would like to thank founder Sheldon for his trust and the global community for their long-term support. Today we gather in the cloud to review past developments and look forward to the future blueprint. BitMart will continue to optimize trading infrastructure and strive to provide global users with a better digital service experience.' At the private event, the Web3-themed dinner carefully presented by Michelin-starred chefs and the melodious violin performance complemented each other, creating a unique atmosphere for this high-end business exchange. The guests had in-depth exchanges in a relaxed and pleasant atmosphere, and collided with many innovative ideas and cooperation opportunities. BitMart also specially prepared exquisite souvenirs for each guest, which was a perfect end to this unforgettable cloud appointment. This private event with both height and warmth not only demonstrated BitMart's ability to connect global resources, but also injected new impetus into the prosperity and development of the Web3 ecosystem. In the future, BitMart will continue to promote the development of the global community, with user empowerment as the core, to create a freer and more sustainable financial future. About BitMart BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto's potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. Disclaimer: Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice. Chenkai (at)
