BingX Announces Trader of the Year Campaign, Celebrating 400,000 Elite Traders and $580 Billion Volume

TheNewsCryptoPubblicato 2025-12-09Pubblicato ultima volta 2025-12-09

Introduzione

BingX, a leading cryptocurrency exchange, has launched its "Trader of the Year" campaign to celebrate a major milestone: 400,000 elite traders and a cumulative trading volume of $580 billion in its copy trading ecosystem. The campaign will recognize top contributors across eight award categories, honoring both trading performance and community impact. It includes a community giveaway with exclusive rewards. According to Chief Product Officer Vivien Lin, this initiative reflects BingX's commitment to building user-centric, innovative products. The campaign is part of a broader effort to empower the copy trading community, following a recent comprehensive upgrade to its copy trading suite. BingX plans to further expand its functionality and interactive campaigns for its global user base.

BingX, a leading cryptocurrency exchange and Web3 AI company, today announced the launch of its copy trading Trader of the Year campaign, marking a new milestone for copy trading and its vibrant community with a total of 400,000 elite traders and a cumulative $580 billion in trading volume.

The Trader of the Year campaign recognizes outstanding contributors across eight distinct award categories, celebrating both performance and community impact. This program was created to celebrate the contributions of leading traders across the BingX community in 2025 and solidify the company’s commitment to nurturing and growing together with traders within BingX’s copy trading ecosystem.

Additionally, as part of the campaign, BingX will host a community giveaway offering exclusive merchandise and limited-edition rewards. Additional bonuses will be available to selected participants throughout the event period.

Vivien Lin, Chief Product Officer at BingX, commented: “BingX remains focused on building products that truly reflect user needs. Reaching this milestone is a testament to our commitment to building innovative, user-centric experiences for our community. Our goal is to ensure every user can access smarter, more intuitive tools and confidently connect with high-performing traders.”

This campaign is part of a broader initiative from BingX, designed to empower and nurture the copy trading community. In addition to the Trader of the Year campaign, BingX also recently announced a comprehensive upgrade to its copy trading suite, enhancing the copy trading experience with an overhauled interface and new features for users of all levels. Looking ahead, BingX plans to further expand its copy trading functionality, while developing interactive and rewarding campaigns for leading traders across its global community.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

  • For media inquiries, please contact: media@bingx.com
  • For more information, please visit: https://bingx.com/

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Bank of Russia: 12 Largest Banks to Connect Digital Ruble from September 1, 2026

The Central Bank of Russia (CBR) announced that all 12 of the country's systemically important banks will be ready to offer clients digital ruble accounts and transactions starting September 1, 2026. According to Alla Bakina, director of the CBR's national payment system department, these banks cover over 80% of the domestic payment market. The digital ruble is described as a new form of the existing currency, functioning as a cashless payment method but held directly in a user's wallet on the CBR platform. Nine other banks designated as significant payment market participants are also expected to provide access, with most aiming to complete integration by autumn 2026. Starting from the September launch date, major retail chains with annual revenue exceeding 120 million rubles will be required to accept digital ruble payments, though adoption for citizens remains voluntary. The rollout follows a delayed pilot phase, with mass implementation postponed from 2025. The CBR's model currently offers basic account functionality without interest accrual, unlike China's digital yuan, which began paying interest in early 2026. The announcement positions Russia among dozens of countries testing Central Bank Digital Currencies (CBDCs), though the digital ruble's potential role in cross-border settlements, particularly within BRICS, remains an open question for its future international relevance.

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MSX US Stock Daily Observation: Baidu 2026 Q2 Earnings: AI Revenue Accounts for Half of Core Business for Two Consecutive Quarters, 283% GPU Cloud Growth Boosts Business Transformation

**MSX Daily US Stock Observation: Baidu 2026 Q2 Earnings Report** Baidu's Q2 2026 earnings present a clear picture of a company in transition. Total revenue declined slightly to RMB 313.25 billion, missing market expectations. This was driven by a continued double-digit contraction (-19%) in its core online marketing (advertising) business. The key highlight is the structural shift within the company's operations. AI-related revenue reached RMB 125 billion, accounting for approximately half of Baidu's core business income for the second consecutive quarter. Within AI, growth is heavily skewed towards infrastructure: AI cloud infrastructure revenue grew 50% year-over-year to RMB 73 billion, with GPU cloud revenue surging 283%. In contrast, AI application and AI-native marketing services revenue grew only 3% and remained flat, respectively, indicating slower commercialization on the application side. Profitability metrics were mixed. While adjusted operating profit and EBITDA exceeded expectations, demonstrating cost control, adjusted earnings per ADS of RMB 7.22 fell short by about 26%. This gap is largely attributed to depreciation and amortization costs linked to significant AI infrastructure investments, which continue to pressure bottom-line profit realization. The company holds a substantial cash position of RMB 2831 billion, providing runway for continued investment. The critical challenge ahead is translating the explosive growth in AI infrastructure (like GPU cloud) into stronger monetization from AI applications to bridge the gap between operational profit and per-share earnings.

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Bitwise CIO Matt Hougan highlights three key misconceptions he believes many crypto investors currently hold, presenting them as opportunities for those who see beyond them. First, investors significantly underestimate the total addressable market for crypto applications. While many view platforms like Uniswap only as tools for trading crypto assets (a ~$2 trillion market), their true potential lies in tokenizing and trading *all* asset classes—such as stocks and bonds—which represent markets hundreds of trillions of dollars in size. Second, there's a persistent overestimation of traditional financial institutions' ability to dominate crypto-native sectors. Examples like PayPal's stable币 (with ~1% market share vs. Tether/Circle's 88%) and Fidelity's custody business (trailing Coinbase) show that crypto-native firms often win due to faster iteration, focused expertise, and established user trust within the crypto ecosystem. Third, investors linearly extrapolate future on-chain transaction volumes from today's data, severely underestimating potential growth. The shift to 24/7 trading for tokenized assets could multiply trading hours by 5x. When combined with AI agents that may execute trades far more frequently than humans, transaction volumes could grow by 10x to 100x, massively boosting revenue for underlying blockchains and applications. Hougan concludes that the gap between the rapid pace of industry change and slower mainstream perception updates creates significant investment opportunities.

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