Bitget, the world’s largest Universal Exchange (UEX),  today announced the launch of the Bitget Fan Club, a new community initiative designed to bring users closer into the platform’s growth journey through structured participation, product collaboration, and content-driven engagement.

The Bitget Fan Club invites users from around the world to become officially recognized contributors to the Bitget ecosystem. Members, who will be known as Bitget Fans, will play an active role in shaping product experiences, sharing feedback, amplifying community initiatives, and supporting ecosystem development across markets.

Unlike traditional loyalty or referral programs, the Bitget Fan Club is built around a tiered participation model that rewards meaningful contributions over time. Members progress through levels by engaging with Bitget’s products, contributing ideas and content, participating in community discussions, and supporting broader ecosystem initiatives. As members advance, they unlock increased recognition, exclusive access, and opportunities to collaborate more closely with Bitget teams.

“The Bitget Fan Club reflects how we value community. Not as passive users, but as co-builders in our UEX vision,” said Gracy Chen, CEO of Bitget.

“As our platform expands across assets and regions, it’s important that we create pathways for our most engaged users to contribute, be recognized, and grow alongside us.”

Members of the Bitget Fan Club gain access to a range of evolving benefits, including official identity badges, token airdrops, product feedback channels, content and community support, early access opportunities, and invitations to online and offline Bitget events. Higher-tier members may also participate in community decision-making initiatives, product direction discussions, and official content collaborations.

The initiative is designed around transparency and fairness, with clearly defined progression criteria and regular reviews to ensure active participation and accountability. Full details on membership tiers, progression paths, and perks are available on the official Bitget Fan Club page.

By launching the Bitget Fan Club, Bitget continues to strengthen its community-first approach, building an ecosystem where users are empowered to influence products, culture, and the long-term evolution of the platform.

To find out more and apply to join the Bitget Fan Club, visit here. Users can also join the Telegram group here.

About Bitget

Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ 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 with LALIGA and 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 | Twitter | 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.

BeInCrypto has been named Best Crypto Publisher at The Crypto Awards 2025, Russia’s leading awards for cryptocurrency and blockchain technologies. The event recognized top projects across 24 categories with a festive ceremony, celebrating those making an impact on the Russian crypto market.

A special shoutout goes to Evgeniya Likhodey, Managing Editor at BeInCrypto Russia, whose leadership helped the editorial team deliver in-depth analyses and news coverage that resonate with professionals and everyday readers alike.

Sponsored

Sponsored

Evgeniya shared her perspective on the award:

“I think this award has become a symbol of our commitment to covering crypto in Russia honestly and without embellishment. We’re not afraid to talk about challenges, because real progress only comes from addressing them directly. At the same time, we make a point of highlighting positive developments that move the industry forward. This recognition belongs to the entire editorial team, whose daily work and dedication make this possible, and to our readers, whose trust we truly value.”

Since 2018, BeInCrypto has grown into a world-leading crypto news platform, reaching over 7 million monthly readers in their own language. As a proud member of the Trust Project, BeInCrypto remains committed to reliable, trustworthy journalism, supporting readers with accurate and timely crypto news.

This award highlights our ongoing commitment to accurate, timely, and credible coverage, helping readers stay informed in a fast-moving crypto landscape.

See the full list of winners here: https://cryptoawards.ru/

On March 20, 2000, Strategy (formerly MicroStrategy) co-founder and then-CEO Michael Saylor lost $6 billion in one day — ​​more money than any public company executive had ever previously lost in a single day.

He — and Strategy shareholders — lost even more yesterday.

Strategy opened for trading yesterday at a 52-week low after missing out on a $33 billion profit. Somehow, things got even worse by dinnertime.

By 5pm, Saylor’s company admitted to losing $42.93 per share of MSTR in diluted earnings within the final three months of 2025. The stock also declined another 20% to below $102 — incinerating another $7 billion in market capitalization within 24 hours.

With a share price of just $102, the company posted a $15.23 per share loss for the 2025 calendar year. 

$6 billion in more missed profit

The bad news continued. The foregone $33 billion profit that it had missed out on by Wednesday night had turned into a $39 billion missed profit just 24 hours later.

Strategy’s ex-general counsel Shao Wei-Ming sold another 3,000 shares of MSTR. The company posted an operating loss of $17.4 billion for Q4 2025 — 16.4x higher than Q4 of the prior year. 

Its net loss per common share on a diluted basis was $42.93, as mentioned above, which calculates to a year-over-year increase of 1,316% in the wrong direction.

Ripple and XRPL contributors have outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger that aim to make the network viable for regulated financial activity, per a Thursday blog.

XRP’s utility as a settlement and bridge asset is being highlighted as central to that infrastructure, with usecases ranging from from forex and stablecoin rails to tokenized collateral and native lending markets.

The latest roadmap emphasizes features already live — such as multi-purpose token standards (MPT), permissioned domains with compliance tooling, credential-backed access and batch transactions — alongside upcoming releases that extend XRPL into credit markets and privacy-preserving workflows.

Unlike many smart contract chains that bolt on compliance after the fact, XRPL’s approach has been to embed identity and control primitives at the protocol layer.

Permissioned domains and credentials allow markets to gate participation by verified entities, a requirement institutions often cite as a barrier to onchain integration.

On the payments and FX side, XRP’s role as an auto-bridge between assets continues to be cited as a demand driver, with stablecoin corridors and remittance flows adding to onchain volume and fee activity. Token escrows and object reserves denominated in XRP further tie network usage back to the native asset.

Looking ahead, the introduction of XLS-65/66 — the XRPL lending protocol — is slated to offer pooled and underwritten credit on ledger without entirely offloading risk logic onchain.

Single asset vaults, fixed-term lending and optional permissioning tools are designed to feel familiar to institutional risk managers while operating in an onchain settlement context.

Privacy features like confidential transfers for MPTs, arriving in the first quarter, aim to satisfy enterprise and regulatory expectations around transaction-level anonymity and controlled disclosure.

Critics have long pointed to XRPL’s lack of EVM-style programmability as a hindrance. The new EVM sidechain — bridged via the Axelar network — is meant to address this by letting Solidity developers tap into XRPL liquidity and identity features while accessing familiar tooling.

XRP prices are down 22% over the past seven days, in line with a broader market drop.

The global non-fungible token (NFT) sector fell below $1.5 billion in total market capitalization, returning to levels last seen before the sector’s rapid expansion in 2021. 

The retracement unfolded alongside a broader crypto market downturn over the past two weeks, CoinGecko data shows. On Jan. 23, total crypto market capitalization stood at about $3.1 trillion, before falling to $2.2 trillion on Friday.

Major assets like Bitcoin (BTC) slid from around $89,000 to about $65,000, while Ether (ETH) fell from $3,000 to near $1,800 throughout the same time frame. Bitcoin and Ethereum are the top two networks for NFTs in terms of 30-day trading volume, according NFT data aggregator CryptoSlam.

The NFT market cap drop follows several high-profile closures and exits, highlighting the sector’s continued contraction. 

Rising supply collides with falling demand

The market reset has been compounded by a growing imbalance between NFT supply and buyer demand. 

As reported by Cointelegraph on Dec. 31, total NFT supply continued to expand even as sales and prices declined, pushing the sector into a high-volume, low-price structure. 

CryptoSlam data showed that the number of NFTs in circulation rose to nearly 1.3 billion in 2025, up by 25% compared to 2024. Total NFT sales fell 37% year-over-year to $5.6 billion, while average sale prices slipped below $100. 

The divergence suggests that while minting became cheaper and barriers to issuance fell, buyer participation and spending failed to keep up. 

Related: US prosecutors drop OpenSea NFT fraud case after appeals court reversal

Corporate exits and platform closures add pressure

The drop follows a series of high-profile retreats that mirror the market’s pullback. On Jan. 7, footwear giant Nike quietly offloaded RTFKT, the digital collectibles studio it acquired at the height of the NFT boom.

The reported sale followed the company’s decision to shut down operations amid an investor lawsuit.

In addition, marketplace shutdowns have accelerated. Nifty Gateway, one of the earliest NFT platforms, said it will close on Feb. 23 and has entered withdrawal-only mode. The Gemini-owned platform cited a prolonged market downturn as it winds down.

On Jan. 28, social NFT platform Rodeo announced it would cease operations after failing to scale sustainably. Rodeo said it would transition to read-only mode before shutting down entirely in March.