Blockchain Press Releases
Bitget’s Q3 Growth: Second-Highest Market Share Surge and Record High for BGB Holders

Key Takeaways:
- Irrespective of the decline in the market, Bitget recorded one of the highest increases in market share, rising to 9.43% in September
- BGB token became one of the Top 5 platform tokens by market cap and the number of BGB holders kept increasing and reached 354,472 in Q3
- Bitget unveiled its expansion plans into the Middle East region
- Bitget launched the US$100 million EmpowerX Fund to support the development of its Web3 ecosystem
VICTORIA, Seychelles, Oct. 20, 2023 /PRNewswire/ — Bitget, top crypto derivatives and copy trading platform, has released its quarterly Transparency Report highlighting the major achievements of the platform for Q3 of 2023. The report emphasizes the platform’s remarkable performance during a challenging market period and showcases the exceptional growth of its native token, BGB.
In Q3 2023, the overall industry faced a gloomy market situation. According to CCData’s report, the spot trading volume on centralized exchanges is US$1.33 trillion, and the derivative trading volume is US$4.8 trillion, decreasing by 22% and 23% respectively. In September, the combined spot and derivatives trading volume on centralized exchanges fell for the third consecutive month, dropping 20.3% to US$1.67 trillion. Irrespective of the decline, Bitget recorded one of the highest increases in market share, rising to 9.43%.
Factors contributing towards this growth include Bitget’s native token BGB’s exceptional performance this year. BGB outperformed most platform tokens as the Top 5 platform tokens by market cap. The price rose from US$0.18 at the beginning of the year to a quarterly high of US$0.4927 in September.
“The exceptional performance of BGB reflects Bitget’s strong commitment to accelerating crypto adoption with its DeFi and CeFi products in the ecosystem. We are dedicated to providing our users with innovative and secure trading solutions, and the growth of BGB is the result of trust and support of our growing community,” said Gracy Chen, Managing Director at Bitget.
The anticipation surrounding the relaunch of the system’s launchpad led to an extraordinary surge, pushing its value to an all-time high of US$0.5152 in February. The holders of BGB kept increasing and reached 354,472 in Q3 while the volume of BGB traded in the last three months reached over US$1.3 billion.
The overall Bitget ecosystem performance has been stable through the market turbulence. Bitget’s Protection Fund consistently exceeded US$300 million past quarter. In July, its worth peaked at US$368 million, representing the highest level attained that month. This provides an extra security layer to users’ funds besides Bitget’s over 200% Proof-of-Reserves ratio.
Bitget partnered up with multiple industry stakeholders to bring simplicity and convenience to crypto tax reporting, portfolio management, and trading automation, and introduce better data offerings. This includes collaborations with Cointracking, Coinstats, CCData, Koinly, 3commas, Cobo Superloop, and more.
Bitget constantly leads initiatives aligning with its vision of creating a more equitable future where crypto evolution reforms finance. In Q3 Bitget, implemented its latest rebranding initiative, and focused on strengthening its position as a leader in innovative trading products.
Bitget also emphasized its expansion plans into the Middle East region. Among the countries the exchange is exploring are Bahrain and the UAE, including the crypto-friendly emirates of Dubai, Abu Dhabi, and Ras Al Khaimah.
In Q3 September, Bitget launched its US$100M EmpowerX Fund dedicated to fostering the platform’s ecosystem development. This strategic fund is tailored to explore investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities contributing to the platform’s growth trajectory.
Celebrating its fifth anniversary, Bitget hosted the momentous EmpowerX Summit in Singapore, a flagship event that brought together nearly 1900 esteemed guests, featuring over 247 distinguished speakers and partners. The summit served as a platform for engaging in discussions on the transformative potential of crypto and web3 ecosystems. Notable keynote speakers such as Tim Draper, Haseeb Qureshi, and Justin Sun emphasized the platform’s continued commitment to empowering the crypto community.
With its quarterly reports, Bitget aims to establish industry gold standards for transparency and trustworthiness. As it continues to lead innovation and create a more inclusive financial future for all, Bitget demonstrates an uncompromising commitment to security and reliability.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Bitget Wallet, the web3 arm of Bitget, is a decentralized multi-chain digital wallet supporting 250,000+ cryptocurrencies across 90+ chains, enabling exploration of DEX, DeFi, NFT, and metaverse. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
View original content:https://www.prnewswire.co.uk/news-releases/bitgets-q3-growth-second-highest-market-share-surge-and-record-high-for-bgb-holders-301963089.html
Blockchain Press Releases
MEXC Report: Memecoins Made Almost 50% of New Token Listings In February

VICTORIA, Seychelles, March 13, 2025 /PRNewswire/ — MEXC, the leading global cryptocurrency exchange, has released token listing and trading data for January and February, highlighting strong market demand for new tokens, particularly memecoins, despite overall market volatility and downturn.
Key Takeaways:
- Meme coins accounted for 50% of all new tokens listed in January and February.
- Seven out of the top 10 tokens by trading volume were launched in February, highlighting continuous demand for promising listings despite market volatility.
- The average peak increase for new tokens jumped from 388% in January to 660% in February, with TST surging by 4,792% and ELONSOL rising by 1,128%.
- Four of the five best-performing tokens — TST, ELONSOL, MELANIA, and CAR — were linked to public figures, driven by the power of social trends.
- TRUMP accounted for over 45% of the total trading volume for new tokens.
The report covers 451 new tokens listed on MEXC between January and February, with memecoins accounting for approximately 50% (245 tokens). This trend reflects the growing investor appetite for community-driven and viral digital assets.

The findings reflect the growing investor appetite for community-driven assets. Among the top 10 new tokens by trading volume, seven were launched in February, demonstrating sustained demand for high-profile listings despite a more subdued overall market trend in January.

February outperformed January in terms of average peak increases for new tokens, with the figure climbing from 388% to 660%. TST led the surge, reaching a staggering 4,792% increase, with ELONSOL following at 1,128%. The top 10 new tokens by trading volume recorded an average peak increase of 756%, underscoring the high level of trader interest and market activity.
Celebrity and politically themed memecoins demonstrated significant price surges, with four of the top five best-performing tokens — TST, ELONSOL, MELANIA, and CAR — linked to public figures. The top three memecoins (TST, ELONSOL, and MELANIA) recorded an average peak increase of 2,338%, compared to 640% for the top three non-meme tokens (BSX, J, and RIZ).

The TRUMP token was a dominant force in the market, accounting for over 45% of the total trading volume for new tokens. It attracted significant market liquidity and investor interest, strengthening its position as a top-performing asset.
MEXC’s latest data highlights the continued demand for trendy tokens and social trends, with meme coins driving trading activity. The dominance of meme coins in listings and their record-breaking price surges highlight MEXC’s position as a leading exchange for discovering and trading early digital assets. As the exchange remains committed to supporting innovations and trends, its deep liquidity and diverse listings offer traders unique opportunities in the fast-moving digital asset space.
For more details, please visit link.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
For more information, visit: MEXC Website|X|Telegram|How to Sign Up on MEXC
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Blockchain Press Releases
HTX Ventures: DeepSeek Triggers AI’s “iPhone Moment”, Accelerating AI Agents into Real Crypto Use

SINGAPORE, March 13, 2025 /PRNewswire/ — HTX Ventures recently released its latest research report, titled “DeepSeek Ignites AI’s ‘iPhone Moment’ as Agent Tokens Integrate into Real-World Crypto.” The report explores how DeepSeek’s use of pure reinforcement learning (RL) is transforming AI’s role in the crypto industry by boosting AI capabilities and cutting costs.
DeepSeek’s Emergence: AI-Powered Innovation Triggers Industry Transformation
In Q4 2024, the market saw a surge in top-tier AI Agents projects backed by Launchpads, driving a wave of asset issuance and quickly attracting capital and users. However, as the ICO rush began to subside, the hype in the AI Agents space had run its course. The market now urgently needed a catalyst to reignite growth.
DeepSeek’s breakthrough technology leverages pure reinforcement learning (RL) to enhance AI’s reasoning capabilities while significantly reducing costs. This advancement positions AI as a more effective partner for real-world applications, transforming the AI Agent sector. This progress could breathe new life into the Agent field and reshape the industry landscape.
The research report heralds DeepSeek’s debut as the “iPhone Moment” of the AI sector. Much like how the iPhone revolutionized the smartphone market, DeepSeek’s innovative technology is poised to lead a new era of crypto-tech development over the next few years.
The Unique Value and Accelerating Growth of AI Agents
The AI Agents ecosystem consists of four main sectors:
- AI Agent Frameworks: These serve as the core infrastructure for the AI Agents ecosystem, lowering development barriers and accelerating AI’s application. The Eliza project stands out with its technical innovations and sustainable business model.
- AI launchpads serve as hybrid incubators and trading platforms in the crypto space, lowering entry barriers for AI Agent projects and accelerating their launch, funding, and promotion.
- AI Agent meme coins, which blend AI and meme narratives, have strong potential to go viral, making them effective tools for rapid capital accumulation. Examples include BULLY from the Virtual ecosystem and TAOCAT and LLM from the Bittensor ecosystem.
- AI Agent applications focus on the implementation and commercialization of the technology in real-world scenarios, covering areas such as automated trading, asset management, market analysis, and cross-chain interaction. Representative projects are GRIFFAIN, NEUR, and BUZZ. AI Agent applications are expected to become the most promising segment in the sector.
The report emphasizes that deep expertise and resilience are vital for the success of AI Agent teams. Teams like Virtual, SEKOIA, ai16z, and Swarm have proven this through their perseverance and dedication. Additionally, product usability is a critical factor in driving user adoption and widespread acceptance in the crypto market.
2025: The Maturation of Crypto Combining with Agents, Where Revenue and User Adoption Drive Value
As the AI Agents market matures, it’s transitioning from a narrative-driven phase to one where value is based on data and revenue. The success of AI Agent projects will no longer be dictated by hype or the founding team’s pedigree but by their ability to achieve sustainable profitability and address real user needs through innovation.
Directions that deserve future attention:
- Multi-Agent Systems and DeFAI (Decentralized Finance + AI): These sectors showcase AI’s tremendous potential for complex decision-making and financial automation, signaling long-term growth.
- Core Framework Updates: It’s essential to monitor the ongoing evolution of critical frameworks like Eliza and ARC, as their upgrades could create entirely new applications and business models.
- New Infrastructure Projects: AI models, data layers, and computing infrastructure tailored for the crypto ecosystem will be foundational to supporting the next-gen AI Agent ecosystem.
As a leading investment institution, HTX Ventures has consistently aligned its strategy with market trends. From backing DeepSeek to supporting AI Agents tokens, HTX Ventures sees tremendous potential in the synergy between AI and blockchain technologies, investing and positioning itself for the next wave of innovation. As AI and crypto technology converge, more opportunities and challenges knock. HTX Ventures is committed to driving further technical advancements, helping shape the future of the industry.
Read the full report here:https://square.htx.com/wp-content/uploads/2025/03/deepseek-triggers-ais-iphone-moment-accelerating-ai-agents-into-real-crypto-use.pdf
About HTX Ventures
HTX Ventures is the global investment arm of HTX, integrating investment, incubation, and research to identify and discover the best and most innovative projects in the market. Visit us here.
Feel free to contact us for investment and collaboration at [email protected]
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Blockchain Press Releases
DeriW Testnet Launch Sets New Standards in Decentralized Derivatives Trading

HONG KONG, March 13, 2025 /PRNewswire/ — DeriW, the world’s first zero-gas-fee decentralized perpetual exchange operated by CoinW, has officially launched its public testnet, marking a pivotal step toward a new era of DeFi derivatives trading. This testnet isn’t a generic trial run – it’s a full-featured preview of DeriW’s high-performance, user-centric platform, designed to demonstrate concrete improvements in usability, speed, and security. Early users and developers can now experience lightning-fast trades, up to 100x leverage, and robust security measures in a realistic environment as DeriW prepares to challenge industry incumbents.
A Closer Look at the Testnet: Usability, Performance & Security
DeriW’s testnet is engineered to feel like a production-ready exchange. Usability is key: traders can quickly connect their self-custody wallets and begin trading cryptocurrencies like Bitcoin and Ethereum with up to 100x leverage and a low 0.02% transaction fee. The platform offers multiple order types (market, limit, take-profit, stop-loss) and a diverse selection of tokens, from major assets to emerging projects. With its zero gas fee model, DeriW eliminates blockchain transaction costs, enabling rapid order placement and frictionless trading—comparable to centralized exchanges.
On the performance front, the DeriW testnet showcases the platform’s cutting-edge infrastructure. Built on the Arbitrum Orbit Layer 3 network (DeriW Chain), it leverages optimistic rollup technology and a custom WASM/Geth-based architecture. In practical terms, this translates to extremely high throughput and low latency. With a capacity of up to 80,000 transactions per second, testnet traders can execute orders smoothly with minimal latency, ensuring the platform stays responsive even during intense trading activity.
Security measures are woven deeply into the testnet’s design, reflecting DeriW’s priority on protecting users. By building on Arbitrum’s L3, DeriW inherits Ethereum’s battle-tested security properties and decentralization while adding its own enhancements. All trades and collateral remain on-chain under users’ self-custody, eliminating the custodial risks found in centralized exchanges. To further harden the platform, DeriW launched a comprehensive bug bounty program in tandem with the testnet. Security researchers and users are incentivized with bounties ranging from 100 to 100,000 $DER tokens for identifying vulnerabilities. Additionally, the testnet operates with a closed-fund liquidity mechanism and an automatic risk recalibration system that ensure stability even under extreme market conditions. These concrete measures give testnet participants confidence that the platform’s performance comes without compromising safety.
How DeriW Stacks Up
In an increasingly competitive DeFi derivatives arena, DeriW’s testnet is already demonstrating unique advantages over other leading platforms’ test networks:
- Gas Fees & Trading Costs: DeriW distinguishes itself with its zero gas fee model. Every trade on DeriW’s testnet is executed without on-chain transaction fees, which is a stark contrast to many competitors. DeriW’s approach of truly on-chain, gas-free trading gives it an edge in user experience – traders get the convenience of a CEX-like feel without sacrificing on-chain transparency.
- Performance Throughput: When it comes to raw speed, DeriW sets a high bar, delivering up to ~80,000 TPS—exceptional among decentralized exchanges. In comparison, some newer standalone-chain DEXs offer around 10,000 TPS—better than legacy Ethereum-based platforms but only an eighth of DeriW’s capability. This firmly places DeriW among elite, next-generation exchanges that support high-frequency trading at scale. Notably, DeriW achieves this impressive throughput while remaining fully EVM-compatible and secured by Ethereum, powered by the Arbitrum Orbit framework—a key differentiator validated by real user conditions on its testnet.
- Leverage and Trading Features: High leverage is a hallmark of derivative exchanges, and DeriW doesn’t disappoint. It offers up to 100x leverage on major trading pairs, which is higher than most decentralized competitors. By providing 100x, DeriW is catering to a segment of traders who seek higher risk-reward profiles, similar to offerings on some centralized futures exchanges. Importantly, DeriW couples this with advanced order types (stop-loss, take-profit, etc.) on the testnet, ensuring traders have tools to manage the risk that comes with high leverage. This combination of flexibility and control is critical – and DeriW is showing that even in a testnet environment, users can practice sophisticated trading strategies that rival those on established platforms.
- Liquidity Model & Price Execution: Perhaps the most innovative aspect differentiating DeriW is its Pendulum AMM liquidity pool. Unlike traditional order books or static AMMs with oracles, DeriW’s pool dynamically adjusts liquidity based on traders’ positions. This “pendulum” approach optimizes asset utilization in real-time, supporting volumes beyond initial capital, reducing slippage, and providing deeper liquidity. While orderbook-based DEXs rely on market makers—vulnerable to slippage during volatility—DeriW’s closed-fund model and automatic risk recalibration ensure solvency and stability, combining order-book depth with AMM efficiency.
- Security and Decentralization: All leading DeFi derivatives platforms prioritize security but use different approaches. Some rely on decentralized validators, others utilize their own consensus mechanisms with federated validators, and another inherits security from Arbitrum Layer 2. DeriW leverages Ethereum’s robust security via Arbitrum’s rollup, enhanced by its unique UBPK (Unstolen Browser Private Key) mechanism that ensures private keys remain securely stored within user browsers.
Benchmarks and Performance Metrics in Context
Thanks to Arbitrum Orbit’s efficient consensus and block production, DeriW’s block time is expected to be on the order of a second or less, which is similar to other DEXs 0.2s block time advantage. Achieving near-instant finality is crucial for traders who might otherwise worry about timing and MEV (Maximal Extractable Value) issues. Although detailed latency stats are still being gathered, the user experience goal is clear: make on-chain trading on DeriW feel as immediate as trading on a centralized platform.
Another important metric is uptime and reliability during the test. The DeriW team is closely monitoring system uptime and recovery from any crashes or network issues. A robust exchange must handle network spikes, degraded conditions, or attacks without downtime. By publishing these performance metrics and comparing them with industry standards, DeriW intends to demonstrate transparently where it stands. So far, the absence of gas fees and high throughput capacity on testnet have enabled continuous trading even when simulating thousands of concurrent users – something that might clog less scalable testnets. The platform is also tracking how its automatic risk controls (like the pendulum mechanism) perform quantitatively: e.g., maintaining targeted liquidity levels, keeping slippage near zero, and ensuring the funding rates and PnL (profit and loss) for liquidity providers stay within expected bounds. These technical benchmarks, once validated on testnet, will serve as proof points that DeriW can handle real-world volumes and stress when it goes live.
Expected Outcomes & Next Steps Before Mainnet Launch
The testnet phase is not just a demo for DeriW – it’s a critical period for learning and refining. The main goals include collecting user feedback on the trading interface and features, uncovering any bugs or security vulnerabilities, and optimizing the platform’s performance under realistic conditions.
DeriW is actively analyzing user interactions with its new liquidity model (including preferred leverage levels, popular trading pairs, and responses to zero fees) to refine fee structures and risk management. Incentive initiatives, such as the Supernova event, serve both as promotional tools and practical stress tests to ensure the platform performs reliably under high trading volume.
Feedback collected through community channels will directly guide improvements, prioritizing user-identified issues in ongoing development sprints. By Q2 2025, DeriW plans to transition from testnet to mainnet alongside the $DER Token Generation Event (TGE), officially launching its economic and governance models. Prior to mainnet launch, the team will thoroughly fine-tune smart contracts, bolster infrastructure, and enhance the user interface based on insights gained from testnet users.
The roadmap beyond mainnet is ambitious: by Q3 2025, DeriW plans to introduce a professional-grade API for algorithmic traders and support custom trading pairs. By Q4 2025, the goal is to cultivate a global trading community and further improve the user experience through community-driven enhancements—all built upon the foundation established during the testnet.
Engaging the Community and Conclusion
DeriW actively keeps the community engaged and informed with regular testnet updates, transparent performance metrics, and ongoing social media interaction. Early testnet adopters gain not only rewards but also valuable firsthand experience, positioning them advantageously for the mainnet launch. Backed by the seasoned CoinW exchange group, the meticulous approach to this testnet demonstrates readiness for prime time.
DeriW’s testnet isn’t just another generic launch—it’s a bold demonstration of innovation, combining proven DeFi strengths with fresh enhancements. By benchmarking against industry leaders, DeriW signals its ambition to lead in decentralized trading. The coming months will be critical, but current progress suggests DeriW is well-positioned to convert testnet success into a transformative mainnet launch. Stay tuned as DeriW moves from testnet to mainnet, carrying forward the insights and confidence gained during this trial by fire.
About DeriW
DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum’s security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW’s seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution.
Website: www.deriw.com
Twitter: @deriwfi
Telegram: https://t.me/deriwfinance
Discord: https://discord.com/invite/deriwfinance

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