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From CEX to DEX: BYDFi Celebrates 5 Years of Remarkable Growth

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[PRESS RELEASE – VICTORIA, Seychelles, April 3rd, 2025]

April 1, 2025 marks the 5th anniversary of BYDFi, a globally renowned crypto trading platform. Over the past five years, BYDFi has evolved from a rising platform focusing on “lightweight contract trading” to a diversified ecosystem offering spot, perpetual contract , strategic trading, and on-chain Memecoin assets. With a series of breakthroughs and legendary milestones, BYDFi has completed a remarkable transformation, from inception to exponential growth. Now, the platform celebrates this important milestone with a grand anniversary celebration, reflecting on a journey marked by innovation, resilience, and growth.

BYDFi’s Evolution: A Leap in Brand Growth

BYDFi’s rapid rise in the crypto field is reflected in a series of key milestone events:

  • April 2020: The platform officially launched, marking BYDFi’s entry into the cryptocurrency trading market.
  • May 2021: The platform expanded to support over 500 spot trading pairs.
  • August 2022: The platform introduced perpetual contract trading, offering over 150 contract pairs and providing flexible leverage from 1x to 200x.
  • January 2023: Completed a global brand strategy upgrade and was listed on authoritative data platforms CoinMarketCap and CoinGecko, garnering widespread international attention.
  • December 2023: Ranked by Forbes as one of the world’s top 10 crypto exchanges, a position it continues to hold.
  • October 2024: Ensured that all platform assets are fully backed with at least 1:1 reserves, and began publishing periodic Proof of Reserves (POR) reports, setting the highest standards for asset security.
  • November 2024: Officially joined the South Korea CODE VASP alliance, laying the foundation for future regulatory compliance in the Korean market.
  • December 2024: Completed a comprehensive upgrade of the perpetual contract system, introducing three major features: new positions allowed even without unrealized profits, bidirectional long/short position support for hedging, and shared account funds under full margin mode to reduce liquidation risks.

2025 and Beyond: Expanding Web3 Products and Strategic Brand Partnerships

On April 3, 2025, BYDFi will launch its Web3 on-chain trading tool, BYDFi MoonX, which focuses on the booming Memecoin market. Supporting both Solana and BNB Chain, MoonX introduces three key breakthroughs:

Performance Breakthrough:

Combining the smoothness of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), it leverages advanced technology to achieve near-instant transactions and minimal slippage, providing users with an ultra-smooth trading experience.

Functional Breakthrough:

Fast Listing: Ensures that users can trade the latest Memecoins instantly, accurately targeting the next 1000x Memecoin and seizing market opportunities.

Smart Risk Control: Supports take-profit, stop-loss, and Sell Half on a Double, with an automated system that recycles capital to enable “zero-cost positions.”

Copy Trading System: Exclusively offering “Smart Money Tracking” and “Trading Signal Copying” features, users can track whale addresses in real-time.

Convenient Operation: Retains CEX-level features like limit orders and one-click buy/sell, eliminating the hassle of repeated wallet authorizations.

Experience Breakthrough: From mainstream Crypto assets to Web3’s hot Memecoins, users can seamlessly switch and trade freely with just one account. MoonX eliminates complex connection processes and wallet switching, offering a truly “one-click” experience.

Meanwhile, BYDFi has entered into a strategic partnership with hardware wallet manufacturer Ledger, launching a co-branded wallet that further enhances the security of user assets. The product is currently in production and is expected to be launched soon.

A Vision for the Future: Insights from BYDFi Co-Founder

Since its inception, BYDFi has served users in over 150 countries and regions. Reflecting on the past five years and looking ahead to the next phase of growth, BYDFi Co-Founder Michael shares:

“BYDFi’s journey is more than just a historical timeline—it’s a strategic transformation. Over the past five years, we have continuously pushed boundaries, we have continuously pushed our limits, with our product architecture undergoing multiple rounds of innovation and upgrades. At the same time, our brand recognition in the global market has been steadily increasing.”

He further adds, “Our core competitive edge lies in our ability to respond quickly to market trends. In product development, we always adhere to one principle: turning trends into products and simplifying complexity into user-friendly solutions. Whether it’s the launch of Copy Trading or deepening Memecoin trading on-chain, we remain at the forefront of the industry. The future of the crypto world demands products with lower barriers to entry, greater openness, and a deeper understanding of user behavior.”

BYDFi 5th Anniversary Celebration: $100,000 Prize Pool

In celebration of its fifth anniversary, BYDFi has launched a series of exciting events:

  • Deposit Rebates and Prize Pool: Users who make deposits during the event period can enjoy generous rebates and a chance to share in the $100,000 prize pool.
  • Red Envelope Rewards and Token Airdrops: The platform will distribute rich gifts and excess tokens via red envelope rewards and airdrops to users.

For more event details, please visit the official website: BYDFi 5th Anniversary.

About BYDFi

Founded in 2020, BYDFi is a Forbes-recognized top 10 global cryptocurrency exchange trusted by over 1,000,000 users worldwide. BYDFi is committed to providing a world-class crypto trading experience for users globally. BUIDL Your Dream Finance.

  • Website: https://www.bydfi.com
  • Support Email: CS@bydfi.com
  • Business Partnerships: BD@bydfi.com
  • Media Inquiries: media@bydfi.com

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ChainGPT and Cronos Announce Strategic NFT Partnership to Power Scalable AI Solutions

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[PRESS RELEASE – Dubai, United Arab Emirates, April 10th, 2025]

ChainGPT, a pioneer in blockchain AI solutions, announced a partnership with Cronos, the premier EVM-compatible blockchain built for scalability, interoperability, and next-generation decentralized applications.

This collaboration marks a pivotal step in ChainGPT’s mission to revolutionize the NFT space through advanced AI tools. By integrating with Cronos’ high-performance blockchain network, ChainGPT will enhance its AI NFT Generator to support scalable, low-cost, and interoperable NFTs like never before.

Cronos, built using the Cosmos SDK and leveraging the Inter-Blockchain Communication (IBC) protocol, is designed for seamless cross-chain connectivity. With native EVM compatibility, Cronos makes it easy for Ethereum-based dApps to deploy on a faster, more efficient Layer 1 blockchain.

Through this partnership, ChainGPT users will now benefit from:

  • Fast, low-cost NFT minting powered by Cronos
  • AI-driven NFT creation with seamless interoperability
  • Enhanced scalability for Web3 developers and creators

“Cronos provides the infrastructure to take our AI NFT tools to the next level. This partnership brings powerful blockchain performance to creators who rely on our platform to innovate with AI. It perfectly matches cutting-edge AI with a world-class decentralized network.” said Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software

The integration unlocks new capabilities for developers and artists alike. Users can now mint interoperable, AI-generated NFTs on a scalable chain with just a few simple prompts. Cronos’ ecosystem supports the end-to-end process from creation and trading to utilization and governance, making it a vital partner in the continued expansion of ChainGPT’s Web3 offerings.

“We’re excited to collaborate with ChainGPT to bring AI-generated NFTs to the Cronos ecosystem. As demand grows for smarter and more scalable NFT solutions, this partnership represents a significant step forward. It allows our users to take advantages of AI technology to generate NFT to increase community engagement.” by Emily Sit, Ecosystem Development at Cronos

As both ecosystems grow, this partnership signals a long-term commitment to expanding the boundaries of what’s possible with AI and blockchain. Users can now explore the ChainGPT AI NFT Generator on Cronos and join the movement toward faster, smarter, and more accessible Web3 tools.

To get started with AI-powered NFTs, users can visit: https://nft.chaingpt.org/

About Cronos

Cronos is a leading blockchain network built for speed, efficiency, and interoperability. Despite being a Layer 1 chain built with the Cosmos SDK, Cronos prides itself on being highly interoperable. This is thanks to its unique Inter-Blockchain Communication (IBC) protocol. This protocol supports DeFi, NFTs, and Web3 applications, bringing a number of different use cases to Cosmos.

About ChainGPT 

Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.

As a relatively young but rapidly growing project, ChainGPT’s mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web3.

Users can learn more at: https://www.chaingpt.org/

General Resources:

Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard |

CGPT DAO | AI NFT Generator | Staking | Blog 

Community and Social Media:

Twitter | Pad Twitter | Telegram |TelegramBot| Discord | Instagram | LinkedIn | YouTube | TikTok

For Media Queries

Richa | richa@chaingpt.org & Sharon | sharon@chaingpt.org

️To learn more about ChainGPT, users can visit the official ChainGPT.org website

️For all inquiries, users can contact support@chaingpt.org

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XRP Soars 10% to $2, BTC Gains Over $6K After Tariff Pause (Market Watch)

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The trade war continues to impact the cryptocurrency market hard, but this time in a more positive way as BTC jumped to over $83,000 yesterday after the tariff pause for almost all countries.

The altcoins are also well in the green, with XRP leading the charge from the larger caps.

BTC Skyrockets

It has been a wild ride in the crypto industry lately, prompted by Trump’s continuous moves on the macro scene. It all began last Wednesday during the so-called ‘Liberation Day’ when he imposed a 10% tax essentially on the entire world, while countries like these in the EU and China got even bigger percentages.

While some retaliated, Trump became even more aggressive and increased the Chinese tariffs to 104% and then 125% yesterday. At the same time, he paused for 90 days the taxes against all other countries.

All of this news brought massive volatility to crypto. Just from this Monday, BTC’s price had dropped to and below $75,000 on a couple of occasions, with the latest example coming yesterday. However, the aforementioned pause served as a propeller for immediate gains and bitcoin skyrocketed by almost nine grand from bottom to the top.

It tapped $83,500 earlier but couldn’t continue north. As of now, it remains above $81,000 after a small correction. Its market cap has soared to $1.620 trillion on CG, and its dominance over the alts is well above 60%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Now in Green

The altcoins went on a similar rollercoaster with massive declines and rebounds. The past 12 hours or so have been a lot more positive. XRP leads the pack from the bigger ones, as its price has neared $2 after a 10% daily surge.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto

Ethereum has jumped back to $1,600 after charting a multi-year low earlier this week. Other impressive gainers over the past day include SOL, DOGE, ADA, TRX, LINK, AVAX, SUI, and SHIB.

The total crypto market cap has added over $100 billion and is close to $2.7 trillion on CG.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Important Ripple v. SEC Lawsuit Update Coming on April 16?

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TL;DR

  • The XRP army is awaiting developments on April 16, when Ripple’s appellate brief is due.
  • Legal expert Fred Rispoli suggests there’s a 90% chance of a settlement or withdrawal notice.

The Official End is Near?

The Ripple community celebrated the supposed end of the lengthy lawsuit against the US Securities and Exchange Commission (SEC) last month when CEO Brad Garlinghouse said the agency had dropped its appeal against the company.

However, the regulator has remained silent on the matter, raising the question of whether the case has truly reached its conclusion.

The US attorney Fred Rispoli expects to see something happening on that front on April 16 or before. The date marks Ripple’s scheduled appellate brief.

The legal expert believes there is a minor 10% possibility that the firm files the document, while the chance of a notice of settlement/withdrawal is set at 90%. 

Rispoli also claimed that Ripple made the announcement about the dropped appeal without written assurances from the SEC. 

“Nothing official has been done yet to effectuate the public announcement,” he added.

The Latest Confrontation

A filing from Justin W. Keener became the recent bone of contention between Ripple and the SEC.

The court document was submitted at the start of April and represents “an emergency request” to Judge Analisa Torres to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.”

It remains unclear how the information aids Ripple, but it hints at ties to investment contracts Keener has collected. Meanwhile, the agency recently sued him for acting as an unregistered penny stock dealer, leading to a $10 million penalty.

Earlier this week, the Commission opposed the “emergency request” for three important reasons. It claimed that the District Court had no jurisdiction over the filing since the case had already been transferred to the Second Circuit and argued that Keener failed to file the correct motion to intervene.

Furthermore, the SEC labeled the request “unnecessary,” asserting that Ripple is capable of deciding for itself whether the evidence could benefit its case.

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