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Bitget Partners with Matrixport’s Cactus Custody to Enhance Institutional Crypto Asset Security

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[PRESS RELEASE – Victoria, Seychelles, April 4th, 2024]

Bitget, the world’s leading crypto exchange and Web3 company, has announced a partnership with Cactus Custody, a subsidiary of Matrixport, to offer Oasis fund custody services and off-exchange settlement services. In a strategic move to better address institutional clients’ needs for secure management of digital assets, the collaboration not only minimizes counterparty risks associated with exchange trading but also provides an effective tool for capital efficiency management.

The comprehensive partnership aims to offer institutional clients a robust suite of services tailored to their trading needs, bolstering security and efficiency in managing digital assets. In addition to providing Oasis fund custody services and settlement services, the partnership also extends support for various trading types, including spot, leveraged spot (cross/ isolated), and futures. Futures products encompass USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual, supporting off-exchange settlement currencies such as USDT, USDC, BTC, ETH, AVAX, and ARB. Trading fee rates and VIP levels are determined based on user grades on Bitget, with the flexibility for personalized configuration, while custody account fee rates align with those of regular accounts.

Under the partnership, Bitget users can now benefit from services and security provided by Cactus Custody. These services offer several key advantages, including minimized fund risks through secure third-party Oasis wallet custody, swift transactions that avoid delays from on-chain transfers, efficient over-the-counter settlement processes, enhanced capital efficiency by enabling immediate redeployment of profits after settlement, and reduction of the need for continuous tracking of exchange wallets.

Gracy Chen, Managing Director of Bitget, expressed: “As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount. Our partnership with Cactus Custody underscores our commitment to providing institutional clients with the highest standards of security and efficiency in managing their digital assets. Through this collaboration, we aim to further strengthen our position as a trusted partner for institutional investors seeking reliable crypto asset management solutions.”

Wendy Jiang, General Manager, Cactus Custody, shared: “As we enter into the next phase of the bull market, the lessons learnt from the many high-profile implosions of 2022 remain fresh in the minds of many investors and our clients. This partnership with Bitget highlights our commitment to provide critical and neutral infrastructure for our clients to navigate and participate in this eco-system in a safe and compliant manner, driving and democratizing the next wave of institutional adoption.”

Cactus Custody, a trusted institution under Matrixport, holds a Hong Kong Trust Company License, meets regulatory capital reserve requirements and adheres to guidelines for combating money laundering and terrorist financing. Leveraging industry-leading system security design principles and infrastructure, Cactus Custody ensures the safety of client assets in both cold and warm storage. Moreover, it offers a rich set of flexible and configurable feature modules to meet the diverse needs of clients across different scales and business scenarios.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, users can visit: Website |  Twitter |  Telegram |  LinkedIn | Discord | Bitget Wallet

About Cactus Custody

Registered as a Hong Kong trust company (TCSP License Number:TC 006789), Cactus Custody™ is your trusted qualified custodian for digital assets. Built with enterprise-grade crypto management features and value-added financial services backed by cutting-edge system security design and infrastructure that cater for a wide range of business scenarios, Cactus Custody™ safeguards billions of dollars of digital assets for some the world’s largest mining companies, exchanges, funds and projects, supporting their growth in a secure and compliant manner.

Media Enquires: matrixport@wachsman.com

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Cryptocurrency

BTC Bull Token Gains Traction as Analyst Expects it to Pump

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The crypto presale space is crowded, but one project stands out: BTC Bull Token.

With a unique Bitcoin rewards system and a fast-growing community, it’s no surprise a leading analyst has dubbed BTC Bull Token (BTCBULL) one of the “best Bitcoin presales” of the year.

BTC Bull Token – The Meme Coin Transforming Bitcoin Investing

BTC Bull Token is a meme coin with actual utility, designed to celebrate – and reward – Bitcoin’s success.

Think of BTCBULL as a gateway to Bitcoin’s price movements without the need to hold BTC directly.

Over time, you’ll be rewarded with Bitcoin airdrops to your crypto wallet.

On top of that, the team plans to periodically burn some of the BTCBULL supply, making the remaining tokens scarcer.

This approach has caught the attention of some top crypto analysts.

One of them is NASS CRYPTO, a YouTuber with over one million subscribers who frequently covers pre-launch projects.

In a video released last week, he praised BTCBULL’s massive fundraising success.

NASS also discussed the project’s tokenomics, which are detailed on the official website.

He even pointed out that BTCBULL holders can stake their tokens to earn high APYs.

While he didn’t offer a specific price outlook, NASS made his optimism about the token’s future abundantly clear.

BTCBULL Presale Offers Early Access to Crypto’s Next Big Rewards Ecosystem

BTC Bull Token’s presale is still ongoing.

This presale provides a chance to purchase tokens at a fixed price before they hit the open market, where the price can fluctuate wildly.

It’s like securing VIP tickets before they’re available to the public – you’re potentially locking in a better deal.

The buying process is straightforward: you need a compatible crypto wallet (like Best Wallet) and some ETH, USDT, BNB, or even a credit card.

Once the presale ends, a Token Generation Event (TGE) will enable you to claim your BTCBULL tokens.

Then comes the exciting part: the first DEX listing.

This is where BTCBULL becomes accessible to a broader audience and when a potential price pump could happen.

The project’s whitepaper also outlines plans for future listings on CEXs, which would significantly enhance accessibility.

To support this, the team has allocated 10% of the BTCBULL supply to ensure ample liquidity.

Why BTC Bull Token Could Rally Later This Year

Bitcoin itself hasn’t been having the best month.

The coin is hovering around $82,400, down 15% from last month and 24% from January’s all-time high.

Economic uncertainty, institutional investors pulling back from Bitcoin ETFs, and a slowdown in meme coin trading have all contributed to the crypto slump.

It’s as though a storm of negative factors has converged at once.

But crypto is known for its wild swings – and what goes down often comes back up, and fast.

A shift in sentiment – whether from easing economic fears or positive Bitcoin-related news – could cause the market to rebound.

For example, imagine if the U.S. government announced plans to invest in Bitcoin – that could trigger a price rally.

And it would also benefit BTC Bull Token.

Should BTC start climbing around the same time BTCBULL hits exchanges, early investors could see impressive returns, potentially turning a small presale investment into major profits.

Of course, this is entirely hypothetical, and market conditions can change in the blink of an eye.

Still, BTC Bull Token is a project to watch closely in the near term.

Visit BTC Bull Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

Metaplanet Launches ¥2 Billion Zero-Interest Bond to Fund Bitcoin Purchases

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Metaplanet Inc. announced on March 18 that it had issued ¥2 billion ($13.3 million) in zero-interest ordinary bonds to finance further Bitcoin acquisitions.

The development is part of the company’s broader strategy to expand its holdings of the number one cryptocurrency.

Details From the Bond Issuance

According to the announcement, the 9th series of ordinary bonds, allocated entirely to EVO FUND, carries a face value of ¥50 million per bond.

The instruments bear no interest and will be redeemed at face value on September 17, 2025. Early redemption is allowed, provided the bondholder gives at least one business day’s notice.

Additionally, the company can redeem portions of it if proceeds from the exercise of its 14th to 17th series of stock acquisition rights reach a sufficient threshold. This development follows a previous bond sale on March 12, in which the firm raised another ¥2 billion to fund further Bitcoin purchases.

Metaplanet Buys Additional 150 BTC

On the same day, the Japanese investment firm disclosed that it had also acquired an additional 150 BTC for approximately $12.5 million at an average price of $83,508. This buy increased the firm’s total holdings to 3,200 BTC. The company’s reserves were acquired for about $266.2 million and are worth approximately $265.9 million at current market prices.

The firm tracks the effectiveness of its Bitcoin accumulation strategy using a metric known as Bitcoin Yield (BTC Yield). Between January 1 and March 18, 2025, it has recorded a BTC yield of 60.8%.

The latest buy follows a series of aggressive Bitcoin purchases by the company. Last week, Metaplanet bought 162 BTC for approximately $13.5 million at an average price of $83,123. Other recent acquisitions include 497 BTC for $43.9 million on March 5, 156 BTC for $13.4 million on March 3, 68 BTC for $6.6 million on February 20, and 269 BTC for $26 million on February 17.

CEO Simon Gerovich announced in January plans to secure 10,000 BTC by the close of this year and 21,000 BTC by the end of 2026. Meanwhile, Google Finance data shows that Metaplanet’s shares closed down 0.49% at ¥4,030 on Tuesday in Japan. However, the stock has gained 12.73% year-to-date and has climbed 1,819% over the past 12 months.

On March 18, the firm also surpassed Chinese gaming company Boyaa Interactive International as Asia’s largest corporate Bitcoin holder. It also holds the 12th position worldwide.

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Ripple v. SEC Lawsuit Speculation: Can This Key Development Lead to a Resolution?

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TL;DR

  • XRP supporters hope Paul Atkins’ eventual SEC leadership will bring a favorable resolution for the Ripple case, given his pro-crypto stance in the past.

  • One legal expert predicts a settlement before April 16, while ongoing uncertainty continues to weigh on XRP’s price, currently down 33% from its local high.

The New Chairman Might Soon Take the Helm

Contrary to the closed or paused cases between the US Securities and Exchange Commission (SEC) and numerous crypto entities, the legal battle against Ripple remains unresolved. The topic is among the most discussed in the space, and as such, it has become the subject of multiple speculations.

Most recently, some X users have raised hopes that the eventual appointment of Paul Atkins as the regulator’s new Chairman could contribute to a favorable resolution for Ripple.

The American, nominated by US President Donald Trump, is reportedly scheduled for a committee hearing on March 27. The Senate will then vote on his appointment, and if confirmed, he will become the next leader of the SEC.

Atkins is known for his pro-crypto stance, which might explain why XRP proponents are awaiting his arrival at the scene. He has also previously criticized the SEC for its approach toward the digital asset industry. Speaking on a podcast in 2023, Atkins claimed that the FTX crisis became an “international debacle” because the agency didn’t enforce a clear regulatory framework for the sector. 

An Outcome in Less Than a Month?

Not long ago, American attorney Fred Rispoli also put his name on the list of people expecting a resolution in the short term. He claimed that Ripple and the SEC might reach a mutual agreement before April 16 (a date that marks the firm’s scheduled filing of their appellate brief).

For her part, Fox Business journalist Eleanor Terrett revealed that she has inside information that the lawsuit “is in the process of wrapping up and could be over soon.”

According to her sources, the SEC had been thoroughly examining the tussle and is now “seemingly unsure” whether Ripple violated any rules. Recall that Judge Torres found that the company’s institutional sales of XRP tokens breached federal securities laws and ordered a fine of $125 million.

The Delay Isn’t Helping XRP

Some market observers believe the ongoing case is among the obstacles preventing Ripple’s native token from launching a new bull run.

The US lawyer Bill Morgan shared a similar thesis, warning the community that the continued uncertainty about the case’s outcome may “exert a negative pressure” on XRP.

Currently, the asset’s price is hovering around $2.25 (per CoinGecko’s data), a 33% decline from the local top of almost $3.40 registered in mid-January. 

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