News linked to both this project and an event.
Bitget releases the rToken Institutional Cross-Asset Capital Management Guide, detailing how market makers, hedge funds, quantitative trading firms, prime brokers, and asset management companies can utilize its Unified Trading Account (UTA) to enhance capital efficiency between cryptocurrencies and tokenized US stocks. The guide focuses on portfolio construction and financing strategies, covering core trading scenarios such as cross-asset collateralization, dividend arbitrage, and lending structures that balance capital efficiency with risk isolation, providing a practical framework for institutions to optimize multi-asset allocation. Currently, Bitget's Unified Trading Account (UTA) supports over 370 collateralizable assets, including 105 tokenized US stocks. Eligible crypto assets and tokenized stocks can enter the same margin system, sharing collateral and offsetting margin requirements, helping institutions reduce idle funds scattered across exchange and brokerage accounts. Bitget CEO Gracy Chen stated that institutions do not lack access to the stock market; the real challenge lies in how to make capital operate efficiently between different markets. As tokenized assets gradually enter institutional portfolios, managing crypto assets and tokenized stocks under a unified framework will provide more possibilities for risk management and asset allocation.
According to Bitget market data, during US stock market trading, Nasdaq 100 components showed mixed performance, with semiconductor equipment, industrial, and storage sectors leading gains, while tech giants, internet, and new energy vehicle sectors came under pressure and corrected. In terms of gains, Honeywell rose 6.59%, a global leader in industrial automation and aerospace systems, surging significantly boosted by better-than-expected earnings; Applied Materials rose 3.21%, a global leader in semiconductor equipment, benefiting from continued expansion of AI-driven fab capital expenditure; Micron rose 3.88%, a global leading memory chip manufacturer, supported by strong demand for HBM in AI servers; Lumentum rose 3.55%, focusing on photonics and laser technology solutions, deeply benefiting from the explosion in optical interconnect demand for AI data centers; Nebius NV rose 3.48%, a European AI cloud computing infrastructure platform, continuously benefiting from the expansion of AI computing power demand. In terms of declines, Tesla fell 13.42%, a global leader in new energy vehicles and AI robots, with earnings under pressure compounded by Musk admitting mass production challenges for robots, triggering significant market sell-off; Alphabet fell 7.02%, the world's largest search and cloud computing giant, with intensified AI competition landscape suppressing valuation; Amazon fell 4.31%,
according to the latest report data from TokenInsight, the TradFi perpetual contract market continued its rapid growth trend in Q2 2026, with the competitive landscape further concentrating. Binance ranked first with a trading volume of approximately $380 billion, holding a market share of about 59.96%; Bitget ranked second with approximately 11.01%, and OKX ranked third with approximately 10.97%. The two platforms each had a quarterly trading volume of around $69 billion, forming the core tier of the market alongside Binance.From the perspective of platform penetration rates, the proportion of TradFi perpetual contracts in the derivatives business of different exchanges still shows significant variation. Among them, Binance leads with a penetration rate of 8.65%, closely followed by Bitget at 8.61%, indicating that top-tier platforms are accelerating the integration of traditional financial assets into the crypto derivatives market.
According to an official announcement, Bitget has launched trading for over 2,800 U.S. stock options, covering most major U.S. stock underlying assets. Users can trade U.S. stock options on the platform and enjoy a 0 commission promotion, along with 30 days of free real-time options quotes.It is reported that Bitget options trading adopts a T+1 settlement cycle, consistent with U.S. stock spot trading; the trading session is from 9:30 AM to 4:00 PM Eastern Time, and only supports cash transactions (margin buying is not supported), with a margin rate of 100% for Long Call/Put. The system simultaneously provides a pre-trade profit/loss estimation tool, supports order modification, cancellation, and record query, ensuring users achieve more transparent asset allocation.
Odaily Bitget has launched a Unified Trading Account (UTA), incorporating over 370 assets, including 100 US stock tokens (rTokens), into a unified margin pool. Under this mechanism, users' held US stock tokens (rTokens) not only entitle them to stock dividends but can also serve as margin and collateral for borrowing, further enhancing capital efficiency.The first batch of US stock tokens included in the margin system covers 100 mainstream underlying assets such as Apple (rAAPL), Nvidia (rNVDA), and Tesla (rTSLA), with discount rates set according to asset tiers, reaching up to 95%. As the product evolves, Bitget will continue to expand the list of assets eligible for margin and leveraged trading, further bridging the liquidity gap between traditional financial assets and the crypto trading ecosystem.
Crypto KOL Phyrex published a systematic analysis of rToken issued by Reality under Bitget, arguing that rToken should not be merely understood as "tokenized stocks." Its core value lies in achieving asset composability upon integration with a unified account, breaking the limitations of RWA liquidity silos. Phyrex provided an in-depth breakdown of three directly implementable trading strategies: amplifying US stock directional exposure, Delta Neutral arbitrage, and staking-borrowing loops. For institutions, the core value of rToken lies in three major mechanisms: direct order connection to the US stock order book to eliminate de-pegging risk, UTA unified account cross-margining to improve asset efficiency, and weekend collateral valuation pegged to Friday's closing price to ensure controllable risk. This ultimately enables managing Crypto, stock tokens, and derivative positions within a single account, reducing costs associated with multi-platform rebalancing and fund transfers.
on-chain investigator ZachXBT stated that the LAB token has fallen from $14 to under $2 in the past 24 hours, a drop of approximately 85%, with its fully diluted valuation (FDV) shrinking sharply from around $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate did not take proactive measures to prevent price manipulation. He stated that if centralized exchanges truly valued user interests, they should at least return profits from accounts suspected of market manipulation to users.He also pointed out that LAB investors were originally scheduled to begin unlocking tokens later this month, but the vesting schedule has been repeatedly modified. Insiders have long controlled nearly the entire circulating supply and have used market makers to carry out extreme price manipulation on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."
: Bitget US stock options trading is now officially live, with the initial launch offering over 540 popular trading targets. These cover core indices such as the S&P 500, Nasdaq 100, and Dow Jones 30, as well as major ETFs, with plans to progressively expand to cover the full range of stocks and ETFs. To enhance user experience and lower the barrier to entry, all users will enjoy zero commissions when trading US stock options on Bitget.The newly launched options trading adopts a T+1 settlement cycle, consistent with US spot stocks. The trading session runs from 9:30 AM to 4:00 PM Eastern Time. It only supports cash transactions (margin purchases are not supported), and the margin rate for Long Calls/Puts is 100%. The system also provides profit/loss estimation assistance for orders, supporting order modification, cancellation, and record inquiries, ensuring users achieve more transparent asset allocation.Additionally, Bitget has launched a special incentive campaign. During the campaign, eligible users who complete registration and execute their first US stock options trade will receive Nvidia (NVDA) stock worth $15. Users can update the Bitget App to version 2.87.0 to experience the feature.
previously, multiple political parties in South Korea discussed including unrealized stock gains in comprehensive taxation, raising concerns about high-valuation tech stocks and triggering a circuit breaker on KOSPI. Affected by this news, SK Hynix's stock price fell over 8%, leading to increased trading attention in related contract markets.According to CoinGlass data, the total open interest for SK HYNIX contracts across the network is currently $184 million. The liquidity for this underlying asset is primarily concentrated on leading trading platforms, with Binance, Bitget, and OKX ranking in the top three for open interest. Their respective shares of open interest are 56.58% ($104 million), 15.81% ($29.05 million), and 11.4% ($20.96 million), collectively accounting for approximately 83% of the market share.
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.
Odaily, Reality, the compliant RWA issuance platform under Bitget, has announced a partnership with Alpaca, a US-registered broker and self-clearing firm. Under the terms of the collaboration, Alpaca will provide Reality with broker infrastructure support, assisting it in integrating tokenized US stocks and ETF products within a regulated market framework, covering key areas such as clearing, custody, and trade execution.Founded in 2015, Alpaca is a developer-first broker infrastructure company. Its subsidiary, Alpaca Clearing, is a FINRA-registered broker-dealer and SIPC member, specializing in the custody and clearing of underlying assets. Through this partnership, Reality will further enhance its underlying infrastructure capabilities for tokenized US stocks and ETF products, offering eligible global users a more regulated and transparent access method.Gracy Chen, CEO of Bitget, stated that Reality is a key component of Bitget's UEX panoramic exchange strategy, with the goal of bridging traditional financial assets and on-chain infrastructure in a more practical manner. Yoshi Yokokawa, co-founder and CEO of Alpaca, expressed enthusiasm for the partnership with Reality, noting it will jointly advance the development of tokenized stock infrastructure and further enhance the accessibility of global financial services.
Odaily reports: Bitget has announced the launch of Reality, a licensed financial protocol focused on the tokenization of Real World Assets (RWA). The issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying US stocks, with assets custodied at a US securities broker-dealer that is FINRA-registered and SIPC-protected. Real-time proof of reserves is provided through third-party independent audits. By directly accessing liquidity pools from Nasdaq, NYSE, and other US stock exchanges, Reality's stock tokens can achieve liquidity on par with traditional brokerages. Meanwhile, stock dividends will be distributed 1:1 to user accounts in token form, cash dividends will be automatically converted into USDT for distribution, and stock splits and reverse splits will be mapped to on-chain tokens in real-time, offering an experience highly consistent with holding US stocks.Furthermore, the US stock tokens launched by Reality are deeply integrated with the Bitget ecosystem. They can be used, for example, as margin for unified accounts and are compatible with core product lines such as grid trading, copy trading systems, and staking/lending.Gracy Chen, CEO of Bitget, previously proposed the "10% Vision": Currently, tokenized stocks represent only 0.1% of the $125 trillion global stock market. She predicts this proportion will rise to nearly 10% by 2030. Reality is built on this trend. In its initial phase, it will focus on US stocks, and will later expand asset classes, driving the extension of Bitget's UEX strategy into a broader access layer for global financial assets.
amidst the US earnings season and the continuous advancement of AI narratives by tech giants, according to official sources from Bitget, the platform has recently added 10 new US stock contract targets. As a result, Bitget's Universal Exchange (UEX) now supports 263 US stock tokens and 81 US stock contracts. The total number of US stock-related assets tradable across the entire platform has exceeded 340.This week enters a period of密集 earnings reports and macroeconomic data releases. Through continuous expansion, Bitget aims to provide users with a wide range of cross-market asset allocation channels.3 Key Focus Targets This Week:• NVDA (NVIDIA): Will release Q1 earnings after the US market closes on May 20. The implied volatility from the options market suggests a potential single-day swing of over 7.5%. As the core of AI computing power, its performance will directly impact the overall valuation trend of the tech sector.• GOOGL (Google): Recently, at its I/O conference, Google intensively released multiple new products such as Gemini 3.5 and AI agents. The market is closely monitoring the subsequent pace of commercial implementation and revenue monetization capabilities.• WMT (Walmart): Will release Q1 earnings before the market opens on May 21. As a retail giant, Walmart's resilience during the consumer downturn cycle is under significant scrutiny. The earnings results and guidance will directly influence investors' assessment of full-year growth expectations and the stock's short-term performance.
As cryptocurrency trading platforms gradually expand from single digital asset trading to traditional asset trading—such as stocks, gold, foreign exchange (FX), and indices—the competitive landscape is shifting beyond “asset coverage” toward “trading entry points, operational workflows, and execution efficiency.” The speed with which users can identify opportunities, enter the market, and complete trades has become a key metric for exchange product experience. Bitget recently launched its “10-Second Gold Purchase Challenge,” inviting users to record the entire process—from opening the Bitget app’s homepage to completing an XAU/USD gold CFD trade—with participants who finish in under 10 seconds eligible for rewards. By capturing real user interactions, the campaign highlights how mobile TradFi trading workflows are evolving—and reflects how crypto exchanges are striving to bring traditional financial asset trading experiences further forward and simplify them. According to Bitget, the platform has already elevated TradFi access to a first-level navigation item on its app homepage, covering trading in gold, stocks, FX, and indices. In contrast to the past, when trading traditional assets typically required dedicated platforms or multi-layered navigation, Bitget aims to enable users to access diverse asset classes more directly within a single platform—via unified entry points and optimized mobile workflows.
Bitget Wallet has announced the completion of its RWA trading upgrade and integrated xStocks as a new source of tokenized stocks, providing users with global tokenized stock trading capabilities. From May 19 to June 14 (Beijing time), Bitget Wallet users who complete tiered trading tasks can receive up to $264 in rewards, with a total prize pool of $100,000. Additionally, users who hold, add liquidity to, or participate in the lending market for any xStocks token will receive a 20% exclusive xPoints bonus.Through this upgrade, users can now trade over 300 types of RWA tokens across Ethereum, Solana, and BNB Chain, covering various assets such as US stocks, ETFs, oil, precious metals, and country indices. The service supports 24/7 trading, low transaction fees, and gas-free execution, with trading starting from $0 and no minimum threshold requirement. Currently, Bitget Wallet supports a dual RFQ + AMM trading mechanism, enabling instant execution and effectively reducing spread slippage. It has also integrated AI market signals to assist in trading decisions.xStocks is developed in collaboration between Kraken and Backed. Its tokenized stock products adopt a 1:1 full collateral mechanism with underlying assets. Since its launch in June 2025, the platform has processed a cumulative trading volume exceeding $30 billion. This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to conduct daily trading of traditional financial assets through on-chain wallets, breaking down the geographical and entry barriers imposed by traditional financial infrastructure.
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
According to Polymarket’s prediction market page, the current probability of SpaceX’s IPO closing market capitalization exceeding $2 trillion stands at approximately 47%, making it the highest-probability option. The next most likely ranges are $1.8–2 trillion (18%), $1.6–1.8 trillion (13.7%), and $1.4–1.6 trillion (7.8%). Bitget launched its U.S. stock IPO subscription service, IPO Prime, on April 10, with initial support for stablecoin-based subscriptions for SpaceX, referencing an estimated valuation of approximately $1.5 trillion. Additionally, Bitget will distribute two rounds of preSPAX airdrops to VIP users: the first round of 760 preSPAX tokens will be distributed tomorrow, and the second round of 190 preSPAX tokens will be distributed on April 20.