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Bitget Wallet launches $20M grant for Telegram Mini Apps

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Bitget, a leading cryptocurrency exchange and wallet provider, has raised $20 million in a funding round aimed at enhancing its wallet offerings and integrating Telegram mini-apps. The funding will be used to expand the capabilities of Bitget Wallet, allowing it to support a range of decentralized applications (dApps) and mini-apps within Telegram, which has become a popular platform for crypto users and communities. This move marks a significant step in Bitget’s strategy to bridge the gap between traditional crypto services and the growing demand for integrated, user-friendly blockchain applications.

The new investment will help Bitget enhance its wallet features, including deeper integration with Telegram’s messaging platform, allowing users to seamlessly access crypto tools and services without leaving the app. Telegram’s mini-app ecosystem has gained traction in the crypto space, as developers and users seek more accessible ways to interact with digital assets and decentralized services. Bitget’s collaboration with Telegram is expected to streamline the experience for users, making it easier to trade, store, and manage their crypto assets directly from within the app.

Bitget’s focus on Telegram is part of a broader trend of crypto platforms tapping into social media and messaging services to expand their user base. By leveraging Telegram’s large, crypto-savvy audience, Bitget hopes to attract new users and enhance engagement with its wallet products. The integration will allow users to participate in DeFi activities, access trading tools, and manage portfolios all from within the Telegram interface, making it a one-stop shop for crypto enthusiasts.

The $20 million funding round, which was led by prominent investors in the blockchain and fintech space, is a key milestone for Bitget as it looks to grow its market presence. As the cryptocurrency industry continues to evolve, platforms that can successfully integrate with social media and messaging apps are poised to capture a significant share of the market. The support for Telegram mini-apps could prove to be a game-changer, offering a more seamless and social way for users to interact with the decentralized web.

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Hong Kong introduces crypto staking rules, reaffirms Web3 commitment

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Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for crypto staking services, signaling the region’s continued commitment to fostering a regulated and innovation-friendly Web3 ecosystem.

The new rules clarify how virtual asset trading platforms can offer staking products, emphasizing investor protection, risk disclosures, and operational transparency. Licensed platforms will be required to clearly separate client and company assets, provide detailed staking mechanisms, and maintain robust custody arrangements.

The SFC’s move comes as part of its broader strategy to establish Hong Kong as a leading digital asset hub while ensuring regulatory clarity. Officials reiterated that the city remains focused on promoting Web3 development through structured oversight and openness to innovation.

The staking framework aims to strike a balance between encouraging market growth and protecting investors from potential risks tied to volatile or opaque staking schemes. Industry participants have welcomed the clarity, viewing it as a positive step toward legitimizing crypto services in the region.

As global jurisdictions wrestle with how to regulate staking and other decentralized finance (DeFi) offerings, Hong Kong continues to position itself as a model for responsible crypto advancement.

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Nearly 400,000 FTX users risk losing $2.5 billion in repayments

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Thousands of FTX creditors risk forfeiting a collective $2.5 billion in claims after failing to meet a key Know Your Customer (KYC) deadline required for participation in the collapsed exchange’s bankruptcy recovery process.

The deadline, which required creditors to verify their identities through FTX’s designated platform, was part of court-approved procedures aimed at ensuring compliance and streamlining the payout process. Those who missed the cutoff may now be excluded from receiving distributions, despite having filed valid claims.

FTX’s restructuring team had issued multiple reminders ahead of the deadline, warning that failure to complete KYC could result in disqualification. The platform’s terms of distribution emphasize regulatory obligations and the need to confirm user identities before funds can be released.

With creditor payouts expected to begin later this year, the exclusion of non-compliant claimants could significantly impact the final distribution pool. Legal experts note that while there may be limited recourse for those who missed the deadline, further legal action or appeals could still arise.

The development marks another dramatic twist in the FTX bankruptcy saga, highlighting the complexities of asset recovery in one of crypto’s largest corporate collapses.

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Memecoin platform Pump.fun brings livestream feature back to 5% of users

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Memecoin platform Pump.fun has reinstated its popular livestream feature, allowing users to once again track real-time token launches and market activity across the Solana-based ecosystem. The move comes as retail interest in memecoins continues to surge, with the platform playing a central role in driving viral token creation.

The livestream had previously been disabled due to overwhelming traffic and infrastructure constraints. Its return reflects both improved backend capacity and a response to user demand for more interactive, real-time insights into the platform’s fast-paced environment.

Pump.fun enables users to launch tokens with minimal technical knowledge, contributing to a flood of micro-cap coins and community-driven speculation. The livestream gives users a dynamic view of new listings, price action, and trending tokens as they emerge.

As memecoin trading grows more competitive — and increasingly chaotic — Pump.fun’s decision to bring back the feature reinforces its position as a hub for the next generation of decentralized, meme-fueled market experiments.

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