My Personal Note on Training Wear Partnership with Chelsea FC
At BingX, we pride ourselves on forging impactful collaborations with world-class partners to expand our global footprint and advance crypto adoption. Today, I’m absolutely thrilled to announce that our partnership with Chelsea Football Club has entered an exciting new chapter.
Over the next two seasons, we’ll proudly serve as Chelsea’s Men’s Official Training Wear Partner and continue our role as the club’s Official Crypto Exchange Partner.
Beyond jersey logos, this partnership represents our shared commitment to excellence, whether on the training ground or in the trading arena. We believe that excellence in training leads to empowerment and success. Similar to how athletes train rigorously to excel, traders must also sharpen their skills to thrive.
To our traders and football fans, get ready to elevate your game in this new season. Together with Chelsea, we are committed to delivering exceptional experiences, including exclusive digital content, KOL activations and memorable visits to Stamford Bridge.
In the past six months, the warmth and enthusiasm from Chelsea have made us feel truly welcome. I’m excited about the upcoming season and the opportunities it brings to empower the future.
Crypto Markets Wrap-Up The First Half of 2024
Last week marked the wrapping up of the first half of the year, which was met with Bitcoin’s halving, struggling price action, and an altcoin surge. This is not all negative sentiment for the state of the markets, though. Bitcoin’s price has dropped over 9% across the past 5 days and is now almost $20,000 below its all-time high of $73,835, which was reached on March 14. The price decline in June has led market analysts to question whether the “cycle top” has been reached for the pioneering cryptocurrency. However, if you look on a long term basis, Bitcoin holders of a year are up over 90%.
A closer look at the crypto market’s recent performance shows that it has started to gain strength following the Federal Open Market Committee (FOMC) meeting on June 12. The FOMC meeting largely met investors’ expectations by maintaining the Fed Funds Target Range (FFTR) at 5.25%–5.50%. Bitcoin’s support level is $60,500, and the resistance level is $63,500.
Ethereum’s value has been up over 60% this year. Advances in the ecosystem, like ETF approvals, are predicted to increase its value as we enter Q3 of 2024. Ethereum fees dropped by 62.8% to nearly the same quarterly amount for Bitcoin, showing that people frequently chose other chains to transact on. As people moved to other layer two protocols, combined with the relatively low amount of speculation, there was a decline in fees for the ecosystem.
According to data published by Lucas Outumuro of Into The Block, 78% of ETH is owned by “hodlers”, and nearly four out of every five ETH holders have owned it for more than one year. The data here shows that many are transacting daily on other, cheaper, and faster solutions and buying Ethereum as an investment. Either way, Ethereum’s L1, L2, and L3 protocols are in a position to keep growing.
Article Highlight
BingX was voted number one in Be In Crypto’s Top Most Safe Crypto Exchanges article! The prestigious outlet highlighted our withdrawal protection, insurance coverage, and fund safety. Check out the full story here.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article. Not financial advice.
