Crypto influencer Evan Luthra is suing Bitget for freezing his account and holding $200,000 in Tether after he sold 1.3 million REELT tokens on the exchange. Bitget froze Luthra's account under suspicion of market manipulation, citing four accounts associated with the REELT team selling more than 2 million tokens soon after listing, leading to a 60% drop in the REELT price. Luthra claims innocence and seeks $16 million in damages, along with the $200,000 held in his account. Bitget's managing director, Gracy Chen, stated that the exchange had previously announced its investigation's findings on the suspicious activities and a compensation plan for affected clients.

Adam DeVine has been announced as the face of Bitget's #SetForChange campaign, aimed at attracting younger investors to the crypto exchange. Bitget's managing director, Gracy Chen, said working with comedians like DeVine will make crypto and Web3 more accessible to millennials and Gen Z. The ad leans heavily on mentions of NFTs and blockchain, but also includes references to everyday activities like streaming music and sending memes that don't require crypto. Bitget has been expanding during the crypto winter, but the exchange is not available in the US.

According to a report from Bitget, a crypto exchange, Generation Z investors are more likely to engage in copy trading or social trading, which involves mirroring the trades of a selected other. The report revealed that 44% of Bitget's copy traders were under 25 years old, followed by 25 to 35-year-olds accounting for just under one-third.

Despite recent reports of a decline in crypto jobs, students remain interested in blockchain classes, possibly due to an anticipated bull run in the crypto trading market. Bitget, a well-known crypto exchange with a partnership with soccer player Lionel Messi, has announced a partnership with The Blockchain Management School | Ateneo Impresa, a non-profit institution focused on innovative training for the professions of the future.

BGB officially launched on the MEXC platform to further increase liquidity. The current trading pair supported by MEXC is BGB/USDT. In addition, Bitget also launched the MX/USDT trading pair at 18:00 (UTC+8) today, and the recharge channel has been opened at 18:00 on July 28 (UTC+8).

Crypto exchanges Bitget and MEXC Global have announced the listing of each other's utility tokens, BGB and MX, respectively. The listing will take place on July 31, with BGB/USDT and MX/USDT trading pairs. BGB will be listed on MEXC Global's Innovation Zone, while MX will be added to Bitget's Platform Token Zone. The announcement caused a 4% surge in BGB's price, which reached an intraday high of $0.46.

Bitget launched an ETH pledge product with an annualized interest rate as high as 4.5%-5%. Users can go to the Bitget website to purchase, and the upper limit of the first round of purchase is 320 ETH. The product is settled daily and can enjoy passive income.

Bitget is one of the few exchanges that has managed to stay afloat and achieve impressive results in 2023, thanks to its smart marketing strategy and Web3 integration. The platform boasts 20 million registered users and generated $74 million in profits in H1 of 2023. With operations in over 60 countries and a growing number of professional traders on its copy trading platform, Bitget has been ranked as the top 4th exchange by accumulated trading volume per quarter in the TokenInsight 2023 Q2 Exchange Report.

Copy trading, a trading strategy that allows novice traders to link a portion of their funds to the account of a seasoned investor, has gained popularity in the cryptocurrency industry. Bitget, a crypto derivatives and copy trading platform, has experienced significant growth since its launch in May 2020, with over 400,000 traders utilizing this strategy on the platform.

Bitget's Managing Director, Gracy Chen, discussed the importance of compliance in the fast-moving cryptocurrency industry in an interview with BeInCrypto. Chen stated that Bitget may consider re-entering the US market if the regulatory climate improves. However, she expressed concern about the possibility of regulatory enforcement becoming even harsher following Ripple's partial victory against the SEC. Bitget recently announced plans to expand into the Middle East, specifically Bahrain and the UAE, while also keeping an eye on the rise of artificial intelligence in the industry.