Regulatory Landscape Shift - The SEC's stance on crypto has shifted from opposition to active support for innovation [1][2][4] - Paul Atkins, the new SEC chairman, prioritizes regulatory clarity for crypto assets, contrasting with his predecessor [7][8] - Project Crypto aims to create a modern regulatory framework to keep crypto companies in the US [13] - The SEC acknowledges that most cryptocurrencies are not securities and aims to help market participants identify security status [15][16] Project Crypto Initiatives - Project Crypto focuses on bringing crypto asset distribution back to America by ending convoluted offshore structures [14][15] - Modernizing crypto custody regulations for both self-custody and custodial intermediaries is a key initiative [16] - The SEC aims to allow market participants to innovate with super apps under a unified regulatory framework [17] - Updating agency rules for centralized and decentralized protocols, including DeFi, is another focus [18] - Creating an innovation exemption allows new crypto projects to launch without full compliance with outdated rules [18][19] Potential Impact and Risks - Tokenized Real-World Assets (RWAs) are expected to benefit significantly from Project Crypto [16][27][28] - A relaxed regulatory approach could introduce risks of fraud and market manipulation [34] - Full implementation of Project Crypto could take years, with phased progress and early policy changes expected sooner [23][24]

Core Insights - Bitget, a leading cryptocurrency exchange, has released an educational report titled "Crypto Derivatives 101 – Market Breakdown: Who's Winning the Race?" to assist new users in understanding the rapidly growing derivatives market [2][3] - Bitget's market share has increased from 4.6% at the beginning of 2025 to 7.2%, positioning it as the third-largest derivatives exchange globally, following Binance and OKX [3][4] - The report emphasizes the importance of education in the cryptocurrency space, particularly regarding derivatives, which are often misunderstood [5][6] Company Performance - In April 2025, Bitget's futures trading volume reached $92 billion, showcasing its significant market activity [3] - Bitget has surpassed Binance in liquidity for Ethereum derivatives in key trading intervals, indicating its growing appeal among both retail and institutional investors [3][4] Educational Initiatives - The "Crypto Derivatives 101" report serves as a practical guide for beginners, explaining the operation of core derivative tools such as futures, options, and perpetual contracts [3][5] - The report includes real trading case studies to help users determine which platforms best suit their trading goals, highlighting the advantages of Bitget's user-friendly interface and low fees for retail traders [4][5] Market Trends - Emerging trends discussed in the report include the rise of tokenized real-world assets (RWA) and the rapid development of AI trading platforms, which are transforming how users manage investments and risk [5][6] - The report also explores the development of CeDeFi models, combining the benefits of centralized and decentralized finance, with Bitget positioned as a leader in this space [6] Strategic Partnerships - Bitget has established strategic partnerships to promote cryptocurrency adoption, including collaborations with La Liga and UNICEF for blockchain education initiatives [8][9]