Core Insights - Bitget, the world's largest unified exchange (UEX), reported significant growth in its 2025 annual review, highlighting its expansion in cryptocurrency, on-chain markets, and tokenized traditional assets [2][3] Group 1: Trading Volume and Market Position - In 2025, Bitget ranked fourth in the cryptocurrency derivatives market with a total trading volume of $8.17 trillion, averaging $25.2 billion daily [2] - Institutional trading in spot markets increased from 39.4% in January 2025 to 82% by December, while the share of institutional market makers in futures trading rose from 3% to 60% during the same period [2] Group 2: On-chain and Tokenized Financial Growth - Bitget Onchain launched in April 2025, achieving over $2.4 billion in trading volume by year-end, supported by connections to major networks and on-chain tools designed for actionable market signals [3] - Tokenized stock futures on the Bitget platform exceeded $15 billion in total trading volume in 2025, with daily trading volumes quickly surpassing $2 billion following the launch of traditional financial markets [3] Group 3: Product Expansion and User Engagement - The GetAgent feature surpassed 500,000 users in 2025, facilitating 2 million conversations focused on portfolio strategies [4] - The Bitget Wallet Card saw a 28-fold increase in spending across over 50 markets, while the Stablecoin Earn Plus reached a total locked value (TVL) of $80 million within a month of launch, expanding the overall Earn product scale tenfold [4] Group 4: Future Focus and Strategic Directions - Bitget's CEO, Gracy Chen, emphasized the potential of integrating global markets through a single platform, with 2026 priorities including expanding compliance in tokenized markets, enhancing AI-driven workflows, and broadening UEX across asset classes [4]

Core Insights - Backpack Exchange has launched a private beta for a margin-based prediction market, allowing traders to place bets on digital assets and financial outcomes using the same capital across multiple products [1][2][3] Company Overview - Backpack Exchange was founded by former FTX employees and acquired FTX EU in January 2025, gaining access to a MiFID II-regulated framework and enabling the recovery of user funds frozen during the 2022 FTX collapse [5] - The platform rebranded FTX EU as Backpack EU in September 2025, aiming to offer regulated perpetual futures across Europe [5] Product Features - The Unified Prediction Portfolio allows prediction markets to operate alongside spot trading, perpetual futures, and lending within a single account, eliminating the need for traders to lock up funds in a single bet [2][3] - The platform employs cross-margining, enabling the same capital to support multiple positions simultaneously, which aims to reduce the opportunity cost of capital for traders [2][3][4] Market Context - The prediction market sector is experiencing growth, with platforms like Kalshi and Polymarket reporting billions in trading volume and increasing mainstream visibility [6] - Polymarket has recently partnered with Dow Jones and WSJ to share prediction market data, indicating a trend towards greater integration and visibility in the market [6] Strategic Positioning - Backpack Exchange's new offering positions it as a vertically integrated exchange, allowing traders to deploy capital efficiently across various products [7] - The introduction of a cross-margined prediction market could signify a shift in how crypto-based financial betting operates, providing traders with greater flexibility and control over their capital [7]

Core Insights - Mercado Bitcoin (MB) identifies six major trends expected to shape the cryptocurrency market by 2026, including the expansion of stablecoins, tokenization, altcoin ETFs, and AI-driven trading Group 1: Bitcoin's Market Position - MB estimates that Bitcoin could reach 14% of gold's market capitalization by the end of 2026, up from the current ratio of 5.65%, implying that Bitcoin's price could more than double [2] - The report highlights Bitcoin's increasing role as a store of value, particularly in comparison to gold, which has logistical challenges [3] - Institutional treasuries have accumulated over 1.09 million Bitcoin, indicating that Bitcoin is becoming a mainstream asset rather than a niche investment [3] Group 2: Bitcoin Valuation Framework - The "Bitcoin Valuation Framework" utilizes a Total Addressable Market (TAM) approach to estimate Bitcoin's theoretical value, starting with the global store-of-value market and using gold as a benchmark [5] - The framework projects Bitcoin capturing 14% of gold's market capitalization under various adoption scenarios [5] Group 3: Stablecoin Growth - MB anticipates the stablecoin market will grow to a market capitalization of $500 billion by 2026, driven in part by stablecoins not tied to the U.S. dollar [6] - Stablecoins have evolved from trading tools to payment instruments, playing a crucial role in providing liquidity and facilitating secure resource movement without exposure to volatility [7] - In 2025, the total market capitalization of stablecoins grew nearly 50% year over year, attributed to broader adoption and regulatory clarity, especially in the U.S. [8]

Core Insights - Bitget TradFi has achieved a significant milestone with over $2 billion in daily trading volume since its public testing began on January 5, 2026, indicating a growing demand for traditional market trading channels as a hedge against recent market volatility [2][3] Group 1: Trading Activity and Market Demand - The surge in trading activity reflects the genuine demand for Bitget TradFi, allowing native cryptocurrency traders to seamlessly participate in global markets [2] - Gold (XAUUSD) has emerged as the most actively traded currency pair on Bitget TradFi, highlighting its role as a high liquidity tool and tactical asset for capturing short-term price fluctuations [3] - The trading environment is designed to be event-driven, providing users with short-term trading access to global financial instruments, thereby lowering traditional market entry barriers [3] Group 2: Market Trends and Analyst Insights - Bitget Research's Chief Analyst Ryan Lee noted that recent headlines have shifted risk sentiment towards gold and silver markets, despite expectations of potential supply shocks and tightening financial conditions [3] - On-chain holding data remains supportive, with declining exchange balances and stable ETF fund flows indicating a market accumulation phase rather than widespread panic selling [3] Group 3: Company Vision and Offerings - Bitget aims to transform wealth management by providing a one-stop platform for accessing global assets with some of the lowest fees for trading tokenized TradFi assets like gold, forex, and stocks [4] - Established in 2018, Bitget serves over 120 million users, offering a wide range of trading options including millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets [5] - The company is committed to promoting cryptocurrency through strategic partnerships, including collaborations with La Liga and UNICEF for blockchain education initiatives [6]

Core Insights - Bitnomial has received approval from the Commodity Futures Trading Commission (CFTC) to launch a prediction-markets service for U.S. customers, allowing it to proceed with contracts focused on cryptocurrencies and economic outcomes [1] - The CFTC's "no-action letter" indicates that Bitnomial's new offering is compliant and safe to operate, following similar approvals for other prediction market ventures [1] - The approval marks a continuation of Bitnomial's regulatory progress, having previously become the first agency-regulated firm to offer leveraged spot crypto transactions under former CFTC Chairman Caroline Pham [3] Company Operations - Bitnomial's transactions will be cleared through Bitnomial Clearinghouse, LLC, providing participants exposure to various outcomes, including token price movements and macroeconomic indicators [2] - The integration across Bitnomial's product suite is designed to enable traders to more effectively offset risk [2] Regulatory Context - The recent approval is a non-binding, staff-level endorsement under the tenure of newly confirmed CFTC Chairman Mike Selig, following a series of approvals for other prediction market operations [3]

Core Insights - Bybit's high-net-worth (HNW) customers achieved returns of approximately 20% in 2025 despite a challenging macroeconomic environment [1] - The top-performing fund of Bybit delivered an annualized return of 20.3%, driven by high-yield USDT-based strategies, indicating a trend among HNW investors for diversified and risk-managed returns [2] - Bybit's Delta Neutral Arbitrage Strategy showed resilience against market downturns, highlighting its counter-cyclical characteristics during severe market drawdowns [3] Market Outlook - Analysts predict a potential shift in market conditions, including improved liquidity, increased institutional adoption, and enhanced regulatory clarity in key jurisdictions [4] - Bybit is positioning client portfolios to benefit from anticipated market liquidity improvements as macro conditions are expected to enhance [5]

Group 1 - The article provides a beginner-friendly tutorial for investing in cryptocurrencies, specifically using the Bitget platform, covering account registration, security settings, and three main methods for purchasing Bitcoin [1] - Emphasis is placed on the importance of a secure account before making any purchases, highlighting the need for enhanced security measures [2] Group 2 - The first step involves account registration, which can be done via the Bitget website or mobile app using a phone number or email, with a recommendation to use a long-term email [3] - A high-strength password must be set, combining letters, numbers, and special characters to enhance security [4] - Completing identity verification (KYC) is necessary to comply with global regulations and unlock higher transaction limits and features [5][6] Group 3 - The article outlines three main purchasing methods: 1. **Bank Card Purchase**: Suitable for beginners, allowing direct purchase at real-time prices, with risks related to platform exchange rates and fees [10] 2. **P2P Trading**: Offers flexibility with various payment methods, emphasizing the importance of choosing certified or high-rated merchants to mitigate risks [10][21] 3. **Flash Exchange**: The fastest method for users holding other cryptocurrencies, allowing quick conversion to Bitcoin with real-time exchange rates [10][28] Group 4 - For bank card purchases, users can select the amount in fiat currency, and Bitcoin will be credited to their account within seconds after payment [16][18] - P2P trading requires careful selection of merchants, ensuring all transactions occur within the Bitget platform to avoid scams [26] - Flash exchange involves selecting the cryptocurrency pair and confirming the exchange rate, with no fees but potential network costs during blockchain transfers [33] Group 5 - After purchasing Bitcoin, it is stored in Bitget's custodial wallet, but users are advised to transfer larger amounts to hardware wallets for better security [34] - A tiered asset management strategy is recommended, with small amounts kept on the platform for trading and larger holdings moved to personal wallets [34] Group 6 - The article addresses common questions, such as the fastest purchasing method being bank card purchases for users with international cards, and the availability of P2P trading for those without such cards [37][39] - It also clarifies that fees vary by purchasing method, with bank card purchases including fees in the quoted price, while P2P transactions typically do not incur additional fees [42]

Core Viewpoint - Enlivex Therapeutics has successfully listed its primary digital treasury asset, the RAIN token, on the KuCoin cryptocurrency exchange, enhancing market access and liquidity for the token [1][2]. Group 1: Company Overview - Enlivex Therapeutics is the first publicly-listed company to develop a treasury strategy centered on the RAIN token, which serves as its primary treasury reserve asset [4]. - The company is also engaged in the late-stage clinical development of Allocetra™, a novel therapy for osteoarthritis, a condition affecting over 32.5 million Americans and more than 300 million people globally [5]. Group 2: RAIN Token and Digital Asset Strategy - The RAIN token is the governance and utility token of a decentralized predictions and options protocol built on the Arbitrum network, allowing users to create and trade markets tied to real-world events [3]. - The listing of RAIN on KuCoin is expected to significantly enhance global market access and secondary liquidity for Enlivex's digital asset treasury [2][3]. Group 3: KuCoin Exchange - KuCoin is a leading global cryptocurrency exchange with over 40 million users, primarily in Southeast Asia, and ranks among the top ten cryptocurrency exchanges worldwide [2]. - The exchange offers a comprehensive suite of trading products, including spot trading, derivatives, and yield services, which will benefit the trading of RAIN [2].

Core Viewpoint - Binance Futures is launching silver perpetual contracts, allowing crypto traders to leverage bets on silver prices, reflecting a growing interest in precious metals among crypto traders [1][4]. Group 1: Product Details - The silver perpetual contracts will offer up to 50x leverage, allowing traders to control positions significantly larger than their deposited margin [3]. - The contracts will be margined and settled in tether (USDT), with a minimum notional value of 5 USDT, and will incur a funding fee capped at ±2% every four hours [3]. - The launch of silver contracts follows the introduction of gold perpetuals, indicating a trend of diversification into precious metals within the crypto trading space [4][6]. Group 2: Market Performance - Silver experienced a remarkable 147% rally in 2025, reaching a peak price of $83.75 per ounce, while currently trading at $79.84 [5]. - Gold also saw significant gains, increasing by over 64% to $4,317, contrasting with Bitcoin's decline of more than 5% during the same period [5]. - The performance of precious metals has been bolstered by fiscal and inflation concerns, with silver benefiting from rising demand in solar panels and electronics [5]. Group 3: Trading Features - The silver contract will be available for futures copy trading within 24 hours of its launch, enhancing trading flexibility [6]. - A multi-assets mode will allow traders to use cryptocurrencies like BTC as margin collateral, accommodating for price volatility through haircuts [6]. - Binance is the first major exchange to offer perpetual contracts tied to silver, following smaller exchanges like MEXC and BTCC [6].

Core Viewpoint - Coinbase's stock (COIN) experienced an 8% increase following an upgrade from Goldman Sachs, which highlighted growth in tokenization, crypto infrastructure, and prediction markets as key factors for its positive outlook [1][3]. Group 1: Stock Performance - After a negative performance in 2025, COIN stock attracted new buying interest, closing at $254 on January 5, with a year-to-date gain of 10.56% [2]. - Goldman Sachs set a price target of $303 for COIN, indicating a potential upside of approximately 34% from recent lows around $225 [4]. Group 2: Revenue Growth and Product Expansion - Recent product launches and increased revenue from infrastructure-related services have bolstered Coinbase's long-term growth outlook [3]. - The bank estimates that new trading offerings, including US equities, prediction markets, derivatives, and enhanced banking services, now account for about 40% of Coinbase's revenue, a significant increase from less than 5% five years ago [4]. Group 3: Strategic Developments - Coinbase has initiated trading of its native COIN stock on its own exchange, marking a significant step in its operational strategy [5]. - CEO Brian Armstrong emphasized the company's goal of providing a comprehensive platform for users to access a wide range of financial products, including lower-rate loans and enhanced rewards credit cards [6][7].