Latest news with #TransparencyReport
Express Tribune
15-07-2025
- Business
- Express Tribune
Meta moves to curb AI-driven 'unoriginal' content on Facebook
Meta announced on Monday that it will begin enforcing stricter measures against Facebook accounts that repeatedly share unoriginal content, including reused text, images, and videos, as part of a broader push to protect content integrity and support original creators on the platform. The announcement, made through a blog post on Meta's website, revealed that it has already removed around 10 million accounts this year for impersonating well-known content creators, and taken action against an additional 500,000 profiles engaged in spam tactics or generating fake engagement. These actions include reducing the visibility of posts and comments, as well as suspending access to Facebook's monetisation programmes. The update follows similar policy changes by YouTube, which recently moved to clarify its own stance on mass-produced, repetitive videos, particularly those enabled by generative AI. Meta stated that users who transform existing content through commentary, reactions, or trends will not be affected. Instead, enforcement will focus on accounts that simply repost material - either through spam networks or by impersonating the original creator. Accounts found to be repeatedly violating these standards will face penalties, including being barred from monetising their content and a reduction in the distribution of their posts across Facebook's algorithmic feeds. Meta is also testing a new feature that will insert links in duplicate videos directing viewers to the original source, a move aimed at ensuring that original creators receive proper attribution. The shift arrives at a time when content across social platforms has become increasingly saturated with low-quality, AI-generated media. While Meta did not explicitly mention 'AI slop' (a term used to describe bland or poorly produced AI content) the company's guidance appears to address such material indirectly. The announcement comes amid growing frustration among creators about Facebook's automated enforcement mechanisms. A petition signed by nearly 30,000 users has called for better human oversight and clearer appeals processes, citing widespread issues with wrongful account suspensions, according to TechCrunch. The new enforcement policies will be rolled out gradually over the coming months, giving creators time to adapt. Facebook's Professional Dashboard now includes post-level insights to help users understand how their content is being evaluated, and whether it may be at risk of demotion or monetisation restrictions. In its most recent Transparency Report, Meta said that 3% of Facebook's monthly active users worldwide are fake accounts, and it acted on 1 billion such profiles in the first quarter of 2025. As the company continues to refine its approach, it is also leaning more heavily on community-based fact-checking in the US, using a model similar to X's Community Notes, instead of relying solely on internal moderation teams.
Business Upturn
01-07-2025
- Business
- Business Upturn
Gate Surpasses 30 Million Global Users, Accelerating Its Rise as the Next-Generation Crypto Exchange
PANAMA CITY, July 01, 2025 (GLOBE NEWSWIRE) — Gate , a globally leading cryptocurrency trading platform, has officially surpassed 30 million registered users, marking a new milestone in its global expansion. This remarkable achievement underscores the platform's growing influence across international markets and highlights the progress Gate has made in strategic transformation, brand upgrade, and ecosystem development. Ushering in the '30 Million+' Era: Unlocking Network Effects Across the Ecosystem Behind this threshold of the 30 million user base is the steady implementation of Gate's international strategy and the continuous enhancement of its product suite, technical foundation, security framework, and brand recognition. In an industry where the competitive landscape is rapidly evolving, a consistently expanding user base stands as a critical measure of platform vitality and market trust. This expanding global community significantly strengthens Gate's liquidity and trading depth, while laying a solid foundation for the sustainable growth of its broader ecosystem, fueling a strong and self-reinforcing network effect across products and services. Impressive Operational Momentum: Spot and Futures Drive Dual Growth According to Gate's May 2025 Transparency Report, the platform continues to post robust growth in both trading activity and ecosystem expansion. Spot and futures trading volumes have seen simultaneous surges, with Gate's derivatives products now ranking among the industry's top-tier experiences. Daily trading volumes are hovering at historical highs. Currently, Gate ranks second globally in 24-hour spot trading volume, with its token liquidity and trading breadth consistently in the top three worldwide. Derivatives have become one of the platform's strongest growth engines, with users actively engaging in leveraged and strategy-based trading. Meanwhile, flagship product lines including Launchpad, Gate Alpha, Launchpool, HODLer Airdrop and CandyDrop have delivered outstanding performance, significantly enhancing user engagement and capital activity across the platform. A Renewed Brand Vision: Entering a New Strategic Chapter In May, Gate celebrated its 12th anniversary by unveiling a brand-new vision as the 'next-generation crypto exchange.' The platform officially adopted the new global domain and introduced an updated logo, marking its transformation from a market leader to an industry trailblazer and enhancing its global brand visibility. On the compliance front, Gate continues to strengthen its global regulatory framework. Its entity Gate Technology FZE has officially obtained a VASP license under the supervision of the Dubai Virtual Assets Regulatory Authority (VARA), reinforcing the platform's regulatory foundation in the Middle East and broader international markets. Building User Trust: A Relentless Commitment to Security and Transparency Gate remains an industry leader in asset security and reserve transparency. As of June 2025, Gate holds a total reserve value of $10.453 billion, with a reserve ratio of 123.09%. The platform's reserves fully cover user assets across 350+ cryptocurrencies, with $1.96 billion in excess reserves, far exceeding industry benchmarks. Gate's rigorous proof-of-reserves practices and cutting-edge security technologies continue to solidify user trust and lay a robust foundation for long-term, sustainable growth. Looking Ahead: Driving Innovation and Shaping the Future of Crypto As Gate moves into its next chapter, it will continue enhancing the on-chain trading experience, expanding forward-looking Web3 infrastructure services, and exploring innovative intersections between AI and crypto technologies. At the same time, Gate will deepen collaboration with global users, developers, and institutional partners, co-creating an open, transparent, and resilient next-generation digital asset ecosystem. Gate remains committed to opening the gateway to a smarter, safer, and more inclusive crypto future for users around the world. About Gate Gate, founded in 2013 by Dr. Han, is one of the world's earliest cryptocurrency exchanges. The platform serves over 30 million users with 3,600+ digital assets and pioneered the industry's first 100% proof-of-reserves. Beyond core trading services, Gate's ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter. For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube Media Contact: Loyo at [email protected] Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via . This content is provided by Gate. 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 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 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. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
HKFP
30-06-2025
- Politics
- HKFP
10 Years of HKFP: 8 new benefits for monthly donors – join today as an HKFP Member
A decade in, Hong Kong Free Press is launching eight new benefits for our HK$150+ monthly donors, now known as HKFP members. 🚨 Funding alert: Facing a fourth year of deficit, HKFP needs to add 500 new members to sustain our current output. Existing supporter? Please click here to activate your new account & ensure benefits. Donors of HK$150/month or more are eligible for HKFP Member benefits: 1. Exclusive HKFP deer keyring or tote. Our mascot derives from the Chinese expression 'to point at a deer and call it a horse' – which refers to being deceptive for ill gain. HKFP will always call a deer a deer, and now you can own an exclusive HKFP deer keyring – designed from scratch by HKFP. Alternatively, opt for heavy duty HKFP tote bag. (Apologies, no US shipping). 2. Exclusive columns by Tim Hamlett. HKFP's Tim Hamlett is penning extra columns exclusively for HKFP members. Sign up to receive sharp analysis on local affairs via email. 3. Previews of HKFP original reporting. Receive regular previews of our exclusive features, interviews and explainers via email, a day before they arrive on our website. 4. Merch drops and discounts. Exclusive access to merch store drops, and up to 15% off. 5. 'Behind the scenes' newsroom insights. How do we gather the news? What does a day look like at HKFP? Does HKFP self-censor? How to survive a chief executive press conference? Is press freedom dead, alive or on life support? To mark a decade of HKFP, our editor-in-chief will be sharing regular newsroom insights with members. 6. A chance to join monthly newsroom tours/Q&As. Join us for an after-hours peek of our mini-newsroom in Kennedy Town, then take part in a Q&A with HKFP's founder – ask us (almost!) anything. Regular events are first-come-first-served, offered to a dozen members at a time. 7. Early access to our Annual & Transparency Report. 94% of our income comes from donors, so HKFP Members are first in line to see our Annual Report and Transparency Report every January. They include an overview of our achievements each year, and full details of our income and spending. 8. Third-party banner ads disabled for all donors. Donors of any amount can will see all Google banner ads disabled across HKFP's main website. Non-profit, impartial, and governed by an Ethics Code – HKFP is run by journalists and is 100% independent. Our team relies on readers to power our newsroom and help safeguard press freedom. Our Transparency Report shows how we spend every cent. 8 More Ways to Support HKFP: Donate via Patreon. Support us with a one-off or regular contribution by signing up at: Patrons of over HK$150/month will enjoy HKFP Member benefits. Donate by cheque. One-off HK$ cheques save us on fees. Please make them payable to Hong Kong Free Press Limited. Please include your name and address for accounting purposes. And send to: Hong Kong Free Press, The Hive Kennedy Town, 6/F, Cheung Hing Industrial Building, 12P Smithfield Road, Kennedy Town, Hong Kong. [Please do not send cash.] Donate by Octopus. Scan our QR code in your Octopus app to make a one-off donation. Donate by HSBC PayMe. Scan our QR code in your HSBC PayMe app to make a one-off donation. Please include your name and email in the 'comment' field for accounting purposes. Donate coins via Coin Dragon. Do you have a big jar or bag of coins at home? Contribute leftover 10c, 20c, 50c, HK$1, HK$2 and HK$5 coins to HKFP at Coin Dragon machines across the city. Just select Hong Kong Free Press from the list of non-profits. Advertise with us, or sponsor a section. HKFP reaches a highly engaged audience across our website, eight different social platforms, a newsletter and our podcast. View our latest rate card for an overview of our impact, audience and partnership options. Spread the word. Help us grow – invite your friends to follow us on social media. We are on Facebook, Bluesky, Twitter, LinkedIn, YouTube, Instagram and Threads. Or share this page on your profile or send it to friends. 25 Reasons to Support HKFP: 1. Fully independent – no billionaires, conglomerates or governments. HKFP is not owned by any billionaire tycoon or conglomerate, controlled or funded by any government, nor answerable to any shareholders. We are 100 per cent independent in terms of our structure, finances and editorial output. HKFP has never been beholden to powerful elites or funders. This means our reporting cannot be influenced by others, and that all decisions are made among the team in-house. Our independence is essential for maintaining the trust of our readers, and for holding those with power to account without interference. 2. Non-profit – answerable to Hongkongers, not shareholders. Our work has no commercial motive. HKFP seeks to raise enough money to power our newsroom and fulfil our mission. Any funds left over at the end of the year are carried forward to be used in the future. If we experience a deficit, savings from previous years are used to fill the gap. Examine our income and spending here. For-profit news outlets can suffer from bias, sensationalism and poor trust, as they prioritise stories which generate clicks and revenue, rather than providing a public service for readers. When an outlet becomes reliant on maximising profit, advertising and business interests can conflict with editorial and ethical considerations. 3. Proudly reader-funded – backed by 1,000 monthly supporters. 94 per cent of HKFP's income comes directly from our readers, ensuring our press freedom and independence. The rest is from advertising, content sales, and licensing. HKFP does not rely on governments, umbrella companies or billionaire backers. Instead, around 1,000 monthly donors donate an average of HK$201 to help sustain our newsroom – the best situation for our press freedom. Just 0.3 per cent of regular readers are HKFP Members – consider joining us! 4. Hong Kong's most transparent news outlet. HKFP is the most transparent news outlet in Hong Kong, if not Asia. We are externally audited every year, and anyone can examine our income and spending since 2015 – the year of our inception. 5. Governed by a comprehensive Ethics Code. We publish our Policies, Ethics & Best Practices as part of HKFP's commitment to credible, ethical, and independent journalism. These ever-evolving policies underpin all of our reporting practices. They govern how we deal with certain topics, like elections; a host of issues like race, disability or hate speech; as well as how we use certain tools, like AI, or undercover reporting. They guide how we deal with accuracy, anonymity, complaints, sourcing and paid-for content, and include a staff code of conduct. The comprehensive code is backed by the Trust Project and Journalism Trust Initiative. 6. Efficiently run – we make every cent count. HKFP is run as efficiently and prudently as possible, in order to maximise the impact of our donors' generosity. We make savings by partnering with other media outlets, using free software/tools, and making full use of teamwork and automation. We do not employ marketing staff, donation managers, or social media editors – every employee is primarily a journalist. In light of a years-long deficit, in 2024-25, HKFP slashed costs by switching insurers and merch store suppliers, downgrading software packages, adjusting staff transport allowances, finding sponsors for key costs, moving to a smaller office and halting most advertising. We make every cent matter, and we disclose our spending annually. 7. Home to multi-award-winning journalism. HKFP has been nominated for, or won, multiple awards over the years – including from the Human Rights Press Awards, the Hong Kong Press Photographers Association, and the Society of Publishers in Asia. In 2021, our newsroom was nominated for a Nobel Peace Prize. In 2024, we were nominated for an International Press Institute Free Media Pioneer award, as well as a Reporters Without Borders Press Freedom Prize. 8. No paywalls – accessible to everyone, everywhere. We are committed to never putting up a paywall and believe our journalism should be free and accessible to everyone. We ensure our news is available wherever your are: on Facebook, Bluesky, Twitter, LinkedIn, YouTube, Instagram, Threads, Flipboard, Apple News, MSN, Factiva, Nordot, LexisNexis, ProQuest, Telegram (or add our bot: @hkfp_bot) and through our Android, Apple and Windows phone apps. 9. Investing in original reporting. Over the years, we have quadrupled our number of original features, interviews and explainers. With over 30,000 stories published, HKFP invests in original, award-winning reporting. 10. Resisting harassment, intimidation and government scrutiny. Hong Kong has seen journalists jailed, newsrooms raided, and media outlets disbanded as the city plummets in press freedom indices. HKFP has not been immune. We have seen cyberattacks, threats, visa trouble, intimidation, harassment, physical attacks, surveillance, censorship in China, false complaints, media bans, a columnist fleeing, government inspections, and more than our fair share of pepper spray and tear gas. Help protect what remains by supporting non-establishment media at this critical time. 11. Trusted reporting you won't find elsewhere. By definition, our trusted journalism may sometimes be unwelcome by those in power. Whether it's reporting on the trials of the 47 democrats, Jimmy Lai or the Stand News editors; rounding up the latest national security arrests; covering the 2019 protests from the frontlines; or providing comprehensive reporting on the Tiananmen crackdown anniversary, HKFP does not shy away when others retreat. Owing to the lack of independence and ownership issues among fellow news outlets, and given the press freedom situation and dwindling number of newsrooms, HKFP is one of the few trusted sources of news left in the city. 12. Serving Hong Kong's minorities, as a voice of the voiceless. HKFP ensures a special focus on sexual, ethnic and religious minorities, and offers trusted coverage of the city's domestic worker and migrant communities. As an English-language outlet, we also serve the minority who do not speak Chinese. We exist to offer a voice to the voiceless and to hold the powerful to account. In 2022, our original reporting on the city's underrepresented communities won us backing from Google's News Equity Fund. 13. Part of the Trust Project network. In 2023, we gained the Trust Project hallmark – the first global transparency standard that proves a news outlet's commitment to original reporting, accuracy, inclusion, and fairness. As part of their external audit, we publicly disclosed and expanded our ethical policies, standards, reporting and corrections guidelines to adhere to the eight Trust Indicators. The Trust Project seeks to improve media literacy and battle 'fake news,' misinformation and online propaganda. We now join around 300 newsrooms across the world displaying the Trust Mark symbol, including the BBC, The Washington Post, Sky News, CTV and The Economist. 14. The city's only Journalism Trust Initiative member. In 2025, HKFP became Hong Kong's only accredited member of the Journalism Trust Initiative following a months-long external audit. The project is an ISO standard and an international mechanism rewarding ethical journalistic practices. The standard involved examining HKFP against 130 criteria, and was developed by a panel of 130 experts, including journalists, institutions, regulatory bodies, publishers, and new technology players. 15. 100% NewsGuard rating: Meeting all 9 credibility and transparency criteria. HKFP meets all nine of the NewsGuard initiative's credibility and transparency criteria. NewsGuard lists green or red credibility scores for over 6,000 news sites, with assessments carried out by humans, not algorithms. Our 100 per cent rating reflects that we avoid false content, publish information responsibility, correct errors, label opinion and ads, avoid deceptive headlines, disclose ownership, financing and conflicts, and provide biographical information on writers. 16. Media watchdog Ad Fontes Media rates HKFP highly, above SCMP. We have been rated by Ad Fontes Media experts as providing reliable, factual reporting from a politically neutral perspective. HKFP scored 43.20 in terms of reliability and news value, similar to NPR, The Wall Street Journal and Bloomberg, and slightly above Sky News, The Economist and the local South China Morning Post. HKFP is among the most politically balanced news outlets in the world, according to the watchdog's rating. With a score of 0.24 – meaning 'middle' in terms of bias – HKFP is comparable to outlets such as Sky News. 17. Society of Publishers in Asia and Int'l Press Institute members. We are proud members of the International Press Institute, a 73-year-old global organisation dedicated to protecting press freedom and improving journalistic practice. HKFP is also part of the Society of Publishers in Asia, founded in 1982 to champion press freedom and promote excellence. 18. A clear corrections policy – with all errors fixed and logged. Our Corrections Policy ensures accuracy and accountability across HKFP's work, with the date, time and details of any correction appearing clearly at the bottom of articles. We also maintain a log of every correction made to ensure we are as transparent as possible. 19. HKFP sets standards in the workplace. We are signed up to Oxfam's Living Wage initiative to ensure fair pay for all staff, including interns. Our newsroom offers a wage in line with international news outlets, including a health care plan, mental health support and other benefits. In 2020, we enacted a Freelance Charter to set out fair terms and conditions for external contributors. 20. Our journalism has been cited worldwide. Our impact is not just measured through clicks – HKFP's journalism has been cited in countless news reports, as well as by NGOs and governments. Our reporting has been referenced by everyone from The New York Times, The Wall Street Journal, Bloomberg, the BBC, The Guardian, Reuters and others. 21. We ensure diversity – in our newsroom and in our coverage. HKFP values inclusion and diversity – both in the newsroom and in our output – as part of our adherence to fair, balanced and accurate coverage. We amplify voices from underrepresented, underprivileged or marginalised groups, and our team seeks to balance opinions from different age groups, genders and ethnic backgrounds. As part of our Diversity Statement, we have no tolerance for discrimination, prejudice or bullying and encourage job applications from candidates from minority backgrounds. 22. Boots on the ground and here to stay. HKFP remains in Hong Kong as we can speak to Hongkongers, monitor the legislature, ask tough questions of officials, attend press events, and bear witness at court during key cases. For now, it is better to have boots on the ground than attempt to report on the city from afar. Whilst the press freedom situation may be more predictable abroad, we can ensure better accuracy and nuance by staying put and navigating the situation. 23. Safeguarding press freedom. In 2016, we helped to successfully lobby the government to recognise digital media and allow online journalists into press conferences. In 2021, we distributed a free, open-source fundraising platform for the industry. And in 2023, HKFP launched an anti-censorship version of our news app. Over the years, we have also launched Ombudsman complaints to protect journalists' access to press events, and co-signed several local and international statements to promote press freedom. 24. HKFP Members enjoy eight new benefits. Donate HK$150/month or more to unlock HKFP member benefits. Members receive an HKFP deer keyring or tote, exclusive Tim Hamlett columns, feature previews, 'behind the scenes' insights, early access to our Annual Report, ad-free browsing merch drops and discounts, and a chance to join regular HKFP tours/Q&As. 25. We accept most payment methods – it's easier than ever to donate. It couldn't be easier to support us – HKFP accepts Mastercard, Visa, Amex, JCB, UnionPay, PayMe, Octopus, FPS bank transfers, Apple Pay, Google Pay and cheques. You can also donate cash at CoinDragon kiosks, back us with a Patreon membership, advertise with HKFP, provide donations-in-kind or just help us spread the word. Frequently Asked Questions: I am already a monthly donor or HKFP 'Patron' – can I access the new benefits? Yes. Our previous fundraising microsite has been retired, and your donor account has been migrated to HKFP's main website – click here to see how to access your new account. PayPal donors will need to cancel their monthly donation at and add a fresh account to their HKFP profile. Any donors of HK$150+ are entitled to the new benefits – if you would you like an HKFP deer plush keyring, or have any trouble, please just email us: How can I adjust, pause or cancel my monthly contribution? You may alter or and cancel your monthly contribution by signing in and adjusting your payment settings. Donors who used our old system to sign up before July 2025, please click here to see how to access your new account. If you have further enquiries, please email us – we usually respond within 24 hours on working days. Is my data safe? Will you share or sell donor information? Never. Your payment card details are stored securely on Stripe/PayPal servers. We do not sell, trade, or rent users' personal payment data to others. Read our full T&Cs and Privacy Policy here. Can I donate anonymously? No, as the law requires that we know who donates. Like any company, HKFP is legally obliged to keep records of income/spending for bookkeeping purposes – it also obliges us to keep records secure and private. Accounting records are overseen by our accountant and yearly auditors, and we respect the anti-money laundering ordinance so may request 'know your client' information from larger contributors. In the event of a tax inspection, we will obfuscate donor names. What is your return/refund policy on merchandise? If you are not 100% satisfied with your purchase, you can return the product within 30 days and get a full refund. Anything you return must be in the same condition you received it, unused and in the original packaging. Please keep any receipt. Online refunds may take up to two weeks. Read our full T&Cs and Privacy Policy here. Are donations tax deductible? Although HKFP is a non-profit, we are not tax exempt, as Hong Kong law does not allow media outlets to register for this status. Unfortunately, donations cannot be deducted from your tax bill. Can I donate over HK$50,000 per year? Yes. HK$50,000 is our limit for donations via our website. If you could like to support us with a larger sum, please contact us. We respect the anti-money laundering ordinance so may request 'know your client' information from larger contributors. HKFP also welcomes donations-in-kind, should you wish to support us indirectly in the long-term.
Barnama
16-06-2025
- Business
- Barnama
Bitget's May Report Highlights 21% Increase In Futures Trading Volume Accelerating It To Top #3 Exchange
VICTORIA, Seychelles, June 16 (Bernama) -- Bitget, the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market. In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget's trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data.
Hamilton Spectator
13-06-2025
- Business
- Hamilton Spectator
Bitget's May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange
VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget , the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market. In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget's trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data. Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection. May was a milestone month for Bitget Wallet, which rebranded under the ' Crypto for Everyone ' identity and rolled out major upgrades. Key launches included Paydify integration for seamless LATAM fiat onramps, a ' Shop with Crypto ' marketplace for spending at 300+ global brands, and Bitget Wallet Alpha , a mobile-native hub for token discovery and one-click trading across 130+ blockchains. Bitget forged key partnerships to drive adoption and education, teaming up with Sweat to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a blockchain encyclopedia for youth , promoting early crypto literacy. Product rollouts this month included the highly anticipated launch of Bitget Live , a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled BGUSD , a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the official wallet for LINE's Mini Dapp Portal , allowing LINE's 196 million users to access Kaia chain games and tools via Bitget. Bitget continued to expand its listing of new digital assets, welcoming RLUSD , Ripple's USD-backed stablecoin, to its platform. Bitget also listed Shardeum , a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of USD1 , a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget's commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption. In May, Bitget advanced its social impact efforts through its Blockchain4Youth program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google's ' Build With AI ' Hackathon, delivered emergency aid to earthquake-affected families in Myanmar, and expanded its Starlink Program in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion. From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget's sustained momentum positions it as a key driver in the next phase of crypto evolution. For the full transparency report, visit here . About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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@ Risk Warning: 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 . A photo accompanying this announcement is available at
