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Bitget slashes latency as it leans into ‘universal exchange’ push

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Parsec shuts down after 5 years as crypto volatility claims another platform

Bitget rebuilt its core trading systems to cut order‑processing latency by up to 40%, a move it pitches as the technical backbone for its Universal Exchange strategy that blends crypto and TradFi under one account.

Summary

  • Bitget rebuilt its core trading systems, cutting order‑processing latency by up to 40% across the platform.
  • The upgrade targets more stable execution for large and complex orders during volatility, supporting Bitget’s Universal Exchange (UEX) strategy.
  • CEO Gracy Chen says UEX aims to unify crypto and traditional assets under a single account system as tokenized markets scale toward the trillions.

Bitget has completed a major overhaul of its trading infrastructure, claiming it has cut order‑processing latency by as much as 40% in a bid to make the exchange more competitive for high‑frequency and derivatives traders as it pivots toward a “universal” trading model. The upgrade, announced on April 15, 2026, restructures Bitget’s matching engine and account‑system modules and applies to all users, including Bitget PRO clients and market‑making firms.

According to the company, the revamp improves response speeds from order submission through to execution and is specifically designed to “significantly enhance the execution stability of large orders and complex trading strategies during periods of market volatility.” That kind of resilience can be critical when liquidation cascades or macro shocks drive order books thin, a point Bitget has stressed as it promotes itself as a venue that can handle institutional‑scale flows in both crypto and tokenized TradFi products.

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The latency upgrade slots into Bitget’s broader Universal Exchange, or UEX, strategy, which seeks to integrate crypto, tokenized real‑world assets and traditional financial markets under a unified account system. In a UEX white paper co‑authored with Bitget’s research team, CEO Gracy Chen said the goal is to “eliminate the fragmentation of asset access” and create a single platform where users can move between on‑chain assets, U.S. stocks, FX and other instruments without shifting venues or collateral.

Chen has argued that the future of exchanges “will not hinge on whether they provide crypto or traditional assets, but rather on how successfully they blend both,” framing Bitget’s interface and infrastructure upgrades as preparation for a world where tokenized assets and conventional markets sit side by side. Earlier this year, Bitget and security firm BlockSec introduced a UEX‑specific security standard that shifts the focus from individual‑asset protection to “system‑level” resilience across unified margin and settlement layers, reflecting the higher stakes of running multi‑asset infrastructure on shared rails.

Nansen research on Bitget’s institutional push has highlighted the exchange’s focus on low‑latency APIs, high rate limits of up to 200 requests per second and maker‑taker structures aimed at professional market participants, all of which stand to benefit from faster and more predictable matching. For active derivatives traders, the newest upgrade is a signal that Bitget wants to fight on the same execution terrain as larger venues, in a year when the race to capture flows from both the $2.4 trillion digital‑asset market and a traditional finance stack nearing $900 trillion in notional exposure is intensifying.

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In previous crypto.news coverage of centralized exchange upgrades, tokenized real‑world assets and the CLARITY Act’s impact on market structure, matching‑engine performance has been framed as the quiet backbone that determines whether an exchange can survive stress events and support the next wave of institutional adoption, a role Bitget clearly wants its new infrastructure to play in this story, this story and this story.

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Her’s why bitcoin’s rally is taking a breather near $75,000

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BTC's next big move hinges on oil, and right now it's a total coin flip

Bitcoin has climbed nearly 10% this month, but the rally is running into resistance near $75,000. The pause is notable as U.S. stocks push to record highs.

On-chain data shows holders are selling into strength, helping explain the slowdown.

It is evident from an on-chain indicator called realized profit/loss, which tracks the total dollar value of gains or losses locked in by holders when they move their coins on-chain. The indicator compares the current price at which coins are being moved with the price at which they last moved (the assumed acquisition cost), effectively showing whether investors are selling at a profit or a loss.

Values above 1 indicate increased profit-taking, and the 30-day exponential moving average (EMA) is currently well above that threshold. The EMA is used to smooth out day-to-day noise and highlight the broader trend in realized profits.

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“Profit-taking activity is rising, with the 30D EMA of the Realized Profit/Loss Ratio at 1.16, indicating investors are selling into strength. A sustained move above $78.1K will require the market to absorb this overhead supply,” the firm said in a report.

Profit-taking was particularly strong on Tuesday as Bitcoin briefly climbed toward $76,000 before quickly slipping back below $75,000. According to CryptoQuant, investors realized about $1.14 billion in profits during the move, one of the largest single-day readings this year.

The indicator, though widely tracked, has limitations, mainly that it assumes coins moving on-chain are being sold. In reality, they may simply be moving between wallets or exchanges for custody, rebalancing, or internal transfers.

That said, the latest profit-taking signal aligns with other indicators, such as the cumulative volume delta, suggesting demand is concentrated on specific exchanges while activity remains weaker elsewhere.

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The CVD is a measure of who is more aggressive in the market. It shows whether the market is being driven more by buyers demanding liquidity or by sellers hitting bids.

So far, buyers have been aggressive mainly on Binance, but not so much on Coinbase or other exchanges, according to Glassnode.

Vikram Subburaj, CEO of India-based FIU-registered exchange Giottus, echoed the view, saying sentiment is improving, but conviction is still not yet fully established.

“Funding rates remain slightly negative, showing that traders are still cautious and not yet leaning aggressively long. On-chain activity has slowed down. This suggests the market is consolidating, not overheating,” he said.

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Further, bitcoin options trading on Deribit continues to show a bias for put options across all time frames. It indicates lingering downside fears and demand for protection offered by puts.

Taken together, profit-taking pressure, uneven spot demand, and cautious derivatives positioning all indicate that buyers are absorbing supply but not yet overwhelming it.

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Bitcoin Price Prediction: BTC at $76K

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46% of Bitcoin supply now in loss, near 2022 bear levels

Bitcoin price prediction grows increasingly complex as BTC was turned away at $76,000 for the third consecutive time, sliding back toward $74,000 while a closely watched derivatives signal flashes what could be a major setup.

Summary

  • Bitcoin briefly tagged $76,000 on April 14 before reversing sharply to around $74,000, extending a two-month standoff with that resistance level.
  • Funding rates on Binance’s bitcoin perpetuals have stayed negative for 46 consecutive days, a streak not seen since the FTX collapse in late 2022.
  • K33 Research’s Vetle Lunde says the combination of crowded shorts and rising open interest has historically preceded sharp upside moves in BTC.

Bitcoin price prediction turns increasingly cautious as BTC logs its third rejection at $76,000 in two months. After briefly topping that level on April 14, the asset reversed and settled near $74,000, holding a 1.3% gain over 24 hours but failing to deliver any sustained breakout.

The broader context remains difficult. BTC is still roughly 41% below its October 2025 all-time high of $126,198, with the FOMC meeting on April 28, the Iran ceasefire expiry on April 22, and the CLARITY Act all sitting in the near-term window.

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Funding rates on Binance’s bitcoin perpetuals have stayed negative for 46 straight days, even as open interest continues to climb. That combination means new short positions are being added into a price that refuses to collapse, exactly the setup that has historically coiled markets for a violent reversal.

K33 Research head of research Vetle Lunde flagged the dynamic in a new report, noting the 30-day average funding rate has now run negative longer than almost any comparable period in bitcoin’s history. Only March to May 2020 (63 days) and June to August 2021 (49 days) saw longer streaks. Both preceded significant recoveries.

“Comparable risk-off regimes have historically been attractive entry points for BTC,” Lunde said, as crowded short trades were forced to unwind.

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What Has to Give for BTC to Break Out

Three rejections at $76,000 with no decisive close above it signal a persistent seller presence at that level. Until volume confirms a true breakout, the resistance stands. As covered, $68,000 remains the structural floor, and a break below it would expose BTC to a sharper move toward $65,000 if macro conditions deteriorate.

The near-term calendar is dense. A ceasefire extension from Iran, a dovish signal at the FOMC, or a CLARITY Act catalyst could be what forces a short squeeze. Without one, the consolidation continues.

Historical Context and What It Means

The 46-day streak now matches the duration of the defensive positioning that defined the market around the FTX crash bottom in late 2022. That regime also featured rising open interest alongside negative funding, and it resolved with a sharp upside move once sellers exhausted themselves.

The signal does not guarantee a rally. But the math is simple: the longer shorts remain crowded below $76,000 with no follow-through to the downside, the more compressed the eventual move becomes.

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Dogecoin jumps 4.5% to nearly 10-cents, outperforming bitcoin and ether

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Dogecoin jumps 4.5% to nearly 10-cents, outperforming bitcoin and ether

Dogecoin is pushing higher on strong volume, but the move is still being driven more by positioning than underlying demand. The rally looks technically clean, yet the bigger question is whether it can sustain without broader participation returning.

News Background

• DOGE outperformed the broader crypto market, beating both bitcoin and ether as capital rotated into higher-beta assets during the session.

• Despite the price strength, on-chain activity remains subdued, with daily active addresses trending lower. This suggests the move is being driven more by derivatives and short-term positioning than organic network demand.

Price Action Summary

• DOGE climbed from $0.093 to $0.098, breaking through the $0.095 resistance zone on strong volume.
• The move developed through a series of higher lows, showing steady accumulation rather than a single spike.
• Price accelerated into the final hour, pushing toward session highs and holding above $0.096 support.

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Technical Analysis

• The breakout is backed by volume, which confirms real participation and not just thin liquidity.
• Late-session buying spikes signal institutional involvement, particularly during the push through $0.097.
• However, the broader structure remains a compression below descending resistance, not a confirmed trend reversal.
• The divergence between rising open interest and falling on-chain activity points to a market driven by leverage rather than demand.

What traders should watch

• $0.096 now acts as immediate support. Holding this level keeps the breakout intact.
• $0.104 is the key resistance. A clean break above it would shift structure more clearly bullish.
• A move back below $0.092-$0.090 would invalidate the setup and expose DOGE to a deeper pullback.

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Tom Lee Lists 3 Reasons the Stock Market Is in a “Better Position” Than at Its Early 2026 Peak

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S&P 500 and Nasdaq Performance In 2026

The stock market has staged a major rebound in April. The S&P 500 and Nasdaq hit fresh all-time highs this week, erasing all losses from the US-Iran conflict. 

BitMine Chairman Tom Lee believes the US stock market is now in a better position than when it hit its previous all-time high earlier this year. He outlined three reasons for his stance during an appearance on CNBC’s Closing Bell.

US Stock Markets Absorb Oil Shock 

According to market data, the S&P 500 closed at 7,022.95 on April 15, surpassing its previous record from January 28. The Nasdaq finished at 24,016, marking a new record high. 

This recovery came after the S&P had fallen as much as 9% from its January peak amid the war’s rattling of global markets. Now, both indices have turned positive for the year after notable losses in March. 

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S&P 500 and Nasdaq Performance In 2026
S&P 500 and Nasdaq Performance In 2026. Source: TradingView

Lee pointed to the resilience as evidence that US equities can absorb oil price surges that are crippling other economies. Oil spiked above $100 per barrel after the Strait of Hormuz was blockaded. 

However, prices have since retreated as markets have grown cautiously optimistic about a de-escalation in tensions between the United States and Iran.

“I know this is going to sound counter to what other the viewers might think but I think the stock market is in a better position today than earlier this year when it made its all-time high because one, we’re now seeing that the US stock market can handle a surge in oil while it hurts other countries,” Lee stated.

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His second point focused on corporate earnings. Lee said earnings have risen since the conflict began, which gives the market confidence that the war is actually stimulating the US economy rather than dragging it down.

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“Stocks are holding up because the economy’s actually doing better in the face of this war. And I know it sounds counterintuitive, but part of it is the defense spending, you know, at $30 billion a month. And it may end up being, you know, $60 billion a month. That’s actually quite stimulative to the economy. This $20 rise in oil is only adding about 12 billion a month to the household burden. So on a net basis, the war is actually helping earnings right now,” Lee said during another appearance at CNBC. 

Lee’s third argument centers around the consensus that surging oil prices will trigger a severe inflation shock. 

“Looking back at the history of oil spikes, the impact on core is less than we thought. So I think there may be less of an inflation shock coming,” the executive argued.

He maintains a base-case S&P 500 target of 7,300 for the year, suggesting additional upside of roughly 4% from current levels. 

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The post Tom Lee Lists 3 Reasons the Stock Market Is in a “Better Position” Than at Its Early 2026 Peak appeared first on BeInCrypto.

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XRP-linked Ripple partners with Korea’s Kyobo Life to tokenize government bonds

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South Korean authorities mandate unified crypto withdrawal delays to curb fraud

Ripple said this week it had partnered with Kyobo Life Insurance, one of Korea’s largest life insurers, to tokenize government bond settlement using the firm’s Ripple Custody platform, per a release shared with CoinDesk.

The arrangement is Ripple’s first with a Korean insurance institution and is positioned as a step toward compressing Korea’s standard T+2 bond settlement cycle into near real-time execution.

The announcement does not specify transaction sizes, a go-live date, or which Korean government bond series will be settled on-chain. Both parties describe the arrangement as a strategic partnership that will also “assess the technical and regulatory feasibility” of broader tokenized treasury settlement, language that typically indicates a pilot framework rather than production infrastructure.

Kyobo Life will also explore stablecoin-based payment rails through Ripple, the release said, without specifying the stablecoin or timelines.

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The deal adds to a growing set of institutional tokenization efforts across Asia, where regulators in Korea, Japan, Hong Kong, and Singapore have moved faster than U.S. counterparts in building frameworks for regulated digital asset activity.

Korea has licensed payment providers for remittance since 2017 and has emerged as one of the region’s more active markets for regulated crypto adoption, with local exchanges among the highest-volume in the world and recent regulatory movement toward won-denominated stablecoins.

For Ripple, the Kyobo partnership extends a push into Asian institutional infrastructure that has accelerated since the SEC dropped its lawsuit against the company in 2024.

The firm has announced custody and payment partnerships across Japan, Singapore, and the UAE over the past 18 months, positioning Ripple Custody as a settlement layer for regulated financial institutions rather than a retail-facing product.

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BitMEX Proposes Quantum Canary to Avoid Bitcoin Freeze

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BitMEX Proposes Quantum Canary to Avoid Bitcoin Freeze

BitMEX Research has proposed an alternative to freezing quantum-vulnerable dormant Bitcoins, advocating a wait-and-see approach and a “canary fund” with a quantum bounty instead. 

BitMEX Research proposed a soft fork on Thursday that would only activate a full freeze of vulnerable coins if it is “proven that a quantum computer capable of stealing Bitcoins actually exists.”

The system uses a “canary approach,” creating a special Bitcoin (BTC) address using a “Nothing-Up-My-Sleeve Number” (NUMS). This is a cryptographic proof in which the private key is unknown, but it is a valid address that could theoretically be spent by a powerful enough quantum computer.

Users can donate BTC to this address as a bounty, incentivizing any quantum-capable actor to “ring the alarm” by spending from it. Only if someone spends from this canary address does the freeze automatically activate, as it proves the quantum threat is real. 

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The solution provides an alternative mechanism to the BIP-361 proposal on Tuesday that suggested freezing dormant, quantum-vulnerable Bitcoin to prevent it from being stolen by bad actors in the future. 

BIP-361 drew significant community pushback, with some comments calling it “authoritarian” and “confiscatory.”

Canary watch state prevents automatic freeze

BitMEX’s proposed “canary watch state” would still allow old coins to be spent, provided malicious actors using quantum computers do not attempt to steal from the “canary fund.” 

Investors participating in the canary fund can use multisignatures and withdraw their BTC at any time, it explained. 

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There is also a safety window where quantum-vulnerable transactions could still be allowed after the five-year mark proposed in BIP-361, but with outputs locked for a period. 

Related: Bitcoiners propose freezing quantum-vulnerable coins in BIP-361

“While this approach adds complexity and risk, given how controversial any coin freeze is, mitigating the impact of the freeze using this type of system may be worth consideration.”

BIP-361 is a rough idea for a contingency plan

Meanwhile, BIP-361 co-author Jameson Lopp has said his Bitcoin improvement proposal was more of a “rough idea for a contingency plan” than something ready to be proposed for activation. 

“I know folks don’t like it. I don’t like it myself. I wrote it because I like the alternative even less,” he wrote on X on Wednesday. 

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He told Cointelegraph that it was a “rough sketch” to approach the issue of a “looming circulating supply shock” if quantum computing advances to the point that a post-quantum signature scheme achieves consensus for being added to Bitcoin.

Proposed three-phase solution in BIP-361. Source: GitHub

Magazine: Nobody knows if quantum-secure cryptography will even work