Crypto World
Bitget Institutional Launches $300 Million Project Archimedes to Back Quant Firms and Asset Managers
Bitget, the world’s largest Universal Exchange (UEX), has launched Project Archimedes, a $300 million institutional capital program for quantitative trading firms, asset managers and market makers.
With the vision of backing minds that move markets, Project Archimedes will support firms at different stages of growth through two programs:
- Capital Provider Program ($100 million): Allocated to accelerate emerging and growing quantitative firms running market-neutral strategies. Bitget will provide capital, with returns shared under an agreed structure and risk framework.
- Interest-Free Lending Program ($200 million): Available to established institutions with mature strategies and existing trading scale. Eligible firms can access interest-free capital by meeting defined trading volume or position requirements, reducing funding costs while increasing the capital available to their strategies.
Institutional trading is entering a period where access to capital, execution quality and risk control increasingly determine which strategies can scale. Arbitrage returns across established crypto markets have tightened as competition has increased, leading quantitative firms to explore market structures such as basis spreads, funding-rate differences and tokenized assets.
“Strong strategies often reach a point where talent is no longer the constraint but capital might,” said Gracy Chen, CEO at Bitget. “Project Archimedes gives capable teams the acceleration it needs to scale, while aligning capital, risk and execution around sustainable performance. Our goal is to boost over fifty projects in the next six months with this capital.”
The program takes its name from Archimedes’ principle that the right fulcrum can move the world. For institutional trading firms, capital provides that fulcrum, while product structure and infrastructure determine how effectively it can be used.
Tokenized US stocks offer one example. Arbitrage opportunities can arise from differences in basis and funding rates across spot and derivative markets. These strategies typically require firms to maintain positions on both sides of a trade, which can tie up margin across separate accounts.
Under Bitget’s Unified Account, eligible rToken spot positions can serve as collateral for derivatives trading without requiring transfers between accounts. This structure allows institutions to maintain tokenized stock exposure while deploying related contract strategies through the same account, improving the use of available capital. Weekend collateral valuation follows the underlying stock’s Friday closing price, providing a fixed reference while traditional US markets are closed.
Project Archimedes will focus initially on market-neutral strategies with established operating histories and measurable risk controls. Participating institutions will undergo strategy assessment, due diligence and drawdown reviews.
The program is structured as a long-term capital cooperation framework with rolling admissions and phased deployment. Bitget Institutional plans to disclose program developments over time, including participation figures, deployed capital and strategy distribution. Product specifications, market-structure research and institutional case studies will provide further insight into how participating firms use capital and trading infrastructure.
Project Archimedes also supports Bitget Institutional’s broader role as a capital partner with market insight, connecting firms with liquidity, unified trading infrastructure and an international institutional network. Through capital allocation and interest-free lending, the program aims to help emerging teams establish stronger foundations and enable mature institutions to convert proven strategies into greater trading scale.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
The post Bitget Institutional Launches $300 Million Project Archimedes to Back Quant Firms and Asset Managers appeared first on BeInCrypto.
The Bank of England’s Digital Pound Lab is testing whether stablecoins and a potential digital British pound can operate within the same cross-border payment flow as part of an experiment focused on trade finance.
The experiment involves NOBO Finance, Dun & Bradstreet and Polygon Labs, with an exporter receiving an advance via a stablecoin rail while a UK importer completes settlement using simulated digital pounds, according to a Wednesday announcement from the three companies.
The project also includes a separate workstream aimed at creating reusable credit profiles for small businesses by combining transaction data, open-finance information and Dun & Bradstreet’s commercial risk data, with Polygon providing the smart contract infrastructure.
The test is aimed at reducing settlement delays and financing constraints for small- and medium-sized businesses engaged in cross-border trade. Exporters can wait days to receive payment after shipping goods, tying up working capital and making access to trade finance particularly important for smaller firms.
The Digital Pound Lab uses no real customers or money, and the Bank of England has not committed to issuing a digital pound. The central bank has said that participant-designed experiments in the lab should not be interpreted as indications of future bank policy or as endorsements of the companies or their products.
Related: UK regulators to prepare tokenized gold framework: Report
UK pushes ahead with stablecoin, tokenization framework
The Digital Pound Lab experiment comes as UK regulators develop rules for stablecoins while preparing the country’s financial infrastructure for a broader shift toward tokenized assets.
In June, the Bank of England published draft rules for sterling-denominated stablecoins considered systemic to the UK financial system. The proposal allows issuers to hold as much as 70% of their reserves in interest-bearing government debt and introduces a temporary 40-billion-pound ($52.8 billion) issuance cap for each systemic stablecoin, replacing previously proposed limits on individual and business holdings.
The central bank aims to finalize the rules by the end of 2026 ahead of a planned 2027 rollout. Stablecoins deemed systemic, meaning their use is significant enough to potentially pose risks to UK financial stability, would fall under the Bank of England’s regulatory regime, while non-systemic stablecoins would remain under the country’s Financial Conduct Authority.
Systemic stablecoins entail payments and retail-focused tokens. Source: Bank of England
The regulatory work is unfolding alongside efforts to modernize traditional payment infrastructure. In May, the BoE proposed moving its Real-Time Gross Settlement (RTGS) and Clearing House Automated Payments System (CHAPS) toward near-24/7 operation, including weekend and extended daily hours, in part to support cross-border payments and new settlement models as tokenization develops.
In July, the central bank also approved HSBC’s Orion platform to operate in the UK’s Digital Securities Sandbox, where it is expected to support digital bond issuance, including the country’s planned Digital Gilt Instrument.
Magazine: El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’
Securitize (SECZ) shares plunged 20% in after-hours trading Wednesday after the tokenization firm fell short of Wall Street’s second-quarter expectations in its first earnings report since going public last month.
The company, best known for issuing and managing BlackRock’s BUIDL tokenized money-market fund, reported revenue of $14.4 million, down 5% from a year earlier and missing analyst estimates of $20.6 million.
Securitize posted a $2.37 per-share loss, compared with an expected loss of just $0.15 per share. Its net loss totaled $21.7 million, while adjusted EBITDA swung to a $5.5 million loss from a $1.8 million gain a year ago.
Wall Street has grown increasingly excited about tokenization, the effort to bring funds, equities and other financial assets onto blockchain rails. Securitize sits at the center of that push, but the growing interest has yet to materialize as sustained revenue growth.
CEO Carlos Domingo called the quarter “softer” when reporting earnings on Wednesday, while pointing to a stronger start to the year. First-half revenue remained 16% higher year-over-year, including a record $19.5 million in the first quarter.
Crypto World
Pump.fun's Share Of Launchpad Fees Fell To 27% In July. Four Weeks Later It's Back Above Half
A wave of launchpads on Robinhood Chain took most of pump.fun's share of the token-launch business in the first two weeks of July. Still, pump.fun is now earning more per week than before they arrived. The launchpad business grew faster than pump.fun lost ground in it. Weekly fees across the… Read the full story at The Defiant
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.
The U.S. Securities and Exchange Commission’s Division of Investment Management said Wednesday that it would not recommend enforcement action if Franklin Templeton’s U.S. registered funds hold shares of its onchain money market fund through an affiliated blockchain-integrated custody and… Read the full story at The Defiant
Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing practices.
It’s an exciting finding, says Rimas Orentas, an adjunct professor at Johns Hopkins Bloomberg School of Public Health and head of immunotherapy at Miltenyi Biotec who was not involved in the study. “Solid tumors are enmeshed in your tissues,” he says. That makes it quite difficult for engineered T-cells to work. “That’s the surprising part of this paper.”
As with many engineered T-cell discoveries, this particular approach, if it reaches the clinic, is unlikely to work for every patient or every cancer. Still, with many of these approaches, says Orentas, “just a few patients benefit, but when they benefit, they really benefit. I think that’s where we’re headed with this.”
Seitz, who is now planning a clinical trial of the treatment with 18 pediatric cancer patients who all have PRAME in their tumors, just saw his recovered patient this week. Over the weekend, the boy had been part of an extreme cycling event. “Apparently, they drive uphill, and then they go nuts downhill between trees and rocks,” Seitz says. “And I was like, ‘Oh my God…please don’t crash into a tree! It’s not worth it!’ But he really loves it”—and Seitz feels honored to have helped him reclaim his life.
If you have been following the Ethereum price action for a while, you would know that the 6% monthly uptick could reverse rather quickly. Even though ETH seems to be trading inside a rising channel, an otherwise bullish pattern, a few alarming signs are emerging.
On-chain, capital keeps flowing in while trading activity and big holders step back. That split leaves ETH structurally supported but tactically fragile beneath a stubborn $1,915 ceiling.
Capital Piles in as Trading Dries Up
Money is the key factor here. Ethereum’s monthly DEX volume fell about 42% from April to July, according to Dune Analytics, yet TVL, the capital locked in DeFi apps, rose about 7.8% to near $42 billion, with staking at a record 33.98% of supply.
This is not defeat. Trading cooled everywhere, with Solana down about 79% from its peak and BNB Chain now leading volume. This means money is settling into yield rather than chasing trades.
That fundamentally aligned thesis looks bullish, but it hides a catch. The demand that actually drives price is thinning.
Whales Cash Out as the Channel Weakens
That thinning demand is now showing up in the biggest wallets. ETH has climbed an ascending channel since July 8, which reads as bullish on its own.
However, buying volume has faded since July 14, and selling pressure has surged since August 6, leaving the trend fragile. Then the whales blinked.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Holdings excluding exchanges fell from 125.44 million ETH on August 10 to 123.86 million, roughly $3 billion sold into the very strength that looked bullish.
When large holders trim and volume dries up, rallies lose their fuel, which is why the price keeps stalling at one exact level.
Why $1,915 Decides the Ethereum Price
All of that pressure meets at $1,915. The Ethereum price has been rejected there seven times since July 31, making it the wall that defines the trend. A daily close above it opens at $1,978, then the top of the channel, the path our ETH forecast tracks.
Losing the immediate floor instead can change the equation rather quickly. A close below $1,875 would turn the structure from bullish to neutral and expose $1,843, then $1,811. So until fresh demand returns to crack $1,915, capital supports the Ethereum price without lifting it, and the whales are betting it stays that way.
Analyst’s View: The dropping DEX footprint doesn’t look like an Ethereum problem. It can be termed a market-wide reset. The real worry sits with the whales. And a sustained rejection at $1,915 might be the reason for their apathy. A reclaim of $1,915 can bring back big-holder optimism.
The post Why is Ethereum Price Stuck Below $2,000? appeared first on BeInCrypto.
XRP’s price has remained under pressure, alongside the choppy price action seen across other major crypto assets. It has struggled throughout the summer, shedding almost 30% since mid-May.
But the slump hasn’t stopped whale wallets from growing.
Biggest Wallets Are Quietly Growing
According to Santiment’s latest analysis, the number of wallets holding at least 1 million XRP has increased by 32 over the past three months, while the market cap has declined by 29%. At the same time, Ripple’s stablecoin, RLUSD, has grown into a meaningful institutional stablecoin. The firm’s payments, custody, and tokenization rails also continue to keep the XRP Ledger tied to settlement use cases.
Santiment said that the rising million-XRP wallets alongside a falling market cap indicate stronger holders are absorbing panic, and added,
“Patience is replacing simple price-related hype, and future volatility becomes more interesting for bulls.”
Zooming out, XRP is now in extremely oversold territory. According to Ali Martinez, fresh buy signals are now appearing. Earlier this week, the analyst reported that large investors bought more than 380 million units in seven days, worth nearly $400 million at the time.
Such accumulation could reduce the supply available on the market and support prices if demand holds steady or rises. It could also attract smaller investors. The monthly TD Sequential also flashed a buy signal. Similar setups had previously preceded major price increases.
Meanwhile, market watcher CR87 said XRP is at a “critical level.” The price risks falling toward the $0.50-$0.60 range if $1.03 fails. For bulls, on the other hand, reclaiming $1.47 would be the first sign of strength. Along similar lines, X user Diana also predicted more downside if the token breaks below the $1 level. The downside target in that scenario is $0.86. However, a strong reaction around $1, followed by a move back above $1.036, could weaken the bearish outlook.
A Sharp ETF Slowdown
On the institutional front, US-based spot XRP ETFs attracted a total of $1.17 billion between November and December 2025. However, that momentum has weakened in recent months. The products drew just $15.59 million in January. In the following month, the figure nearly quadrupled to $58.09 million. March then saw the first monthly outflow of $31.16 million.
Performance remained mixed from April to July 2026. The funds brought in $81.6 million in April and $132 million in May after the CLARITY Act cleared the Senate Banking Committee. That slowed to $59.46 million in June and $27.29 million in July. So far in August, they have attracted just $1 million.
The post Ripple’s (XRP) Summer Slump Isn’t Stopping Large Wallets From Growing appeared first on CryptoPotato.
Crypto World
Morgan Stanley’s infrastructure partner Zerohash rebuffed in pitch to be U.S. trust bank
Unlike denials (as received by Wise and Bunq) a return doesn’t come with a detailed explanation. The company didn’t publicly disclose the development when it happened, as it had with the submission of its application. And Zerohash hadn’t voluntarily withdrawn the filing, as was its option.
A spokesperson for the OCC didn’t immediately respond to questions about the application, and spokespeople for Morgan Stanley declined to comment.
Just a month before returning Zerohash’s effort, the regulator issued an explanation for how it makes such decisions, including its new approach to returning applications without registering a decision. The OCC will return a filing, the agency said, if it doesn’t contain necessary information on the company’s finances or officers. Or, it noted, “the OCC may return a filing as materially deficient if, after attempting to have the filer furnish all required information for the OCC to assess the statutory or regulatory criteria through an additional information request, the responses do not sufficiently respond to the requests.”
When the Independent Community Bankers of America filed an objection to the application in April, the community-bank group’s letter noted: “In less than twelve months the OCC has conditionally approved or received applications from Circle Internet Group, Ripple, Paxos Trust, BitGo, Fidelity Digital Assets, Crypto.com, Payoneer (PAYO), and now Zerohash. This pace — eleven filings or approvals in under one hundred days in some windows — precludes deliberate, transparent policymaking.”
Ray J Issued Loss In Legal Battle With Kim Kardashian
Vogue Williams calls out Red Hot Chili Peppers frontman Anthony Kiedis, 63, for dating a 19-year-old and says ‘just because you can doesn’t mean you should’
Inovio Pharmaceuticals, Inc. (INO) Q2 2026 Earnings Call Transcript
-
Fashion5 days agoWeekend Open Thread: Mattifying Sunscreen
-
Fashion5 days agoFrugal Friday’s Workwear Report: Cap-Sleeve Pointelle Crewneck Sweater
-
News Videos5 days agoCan Astrology Help Find Gold and Silver Trends? A Financial Astrology Guide
-
Sports7 days agoJordan Coyle & Cordiamo take Laya Arena Stakes at RDS
-
Politics7 days agoReform UK And Greens Sink To Lowest Favourability Ratings To Date
-
Tech5 days agoRinn Pharma & Biopharma to join NordicPharmaTrain network
-
Business4 days agoHow to Start a Cleaning Business: A Step-by-Step Guide
-
Business4 days agoDatadog: Best Of Breed For Multiple Reasons
-
Business4 days agoBDC Weekly Review: Private BDC Q2 Numbers Are Strong
-
NewsBeat24 hours agoCommunication cards help banking customers access services or report scams
-
Sports7 days ago
Spider-Man: Brand New Day ending explained: Is Peter Parker alive?
-
Tech6 days agoPrice Hikes May Be Coming for PC Motherboards Next
-
Business6 days agoBrightwater secures funding for WA-first dementia projects
-
Crypto World7 days agoGalaxy Digital Stock Slides 14% as Crypto Prices Hit Earnings
-
Politics7 days agoThe Not-So Talented Mr Arday
-
Business7 days agoSpaceX Shares Plunge 13.6% After First Public Earnings as AI Capex Surge and Lockup Spark Selloff
-
Business2 days agoOil Price Today (August 11): Crude oil rises to $88 after Trump’s compensation demand dents Hormuz opening. Here’s why
-
Tech7 days agoHow to Use Your Phone as a Webcam on PC and Mac (2026)
-
Fashion5 days agoWeekly News Update, 8.6.26 – Corporette.com
-
Tech6 days agoHackers just broke into America’s tap water. How scared should you be?
You must be logged in to post a comment Login