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Gracy Chen @Bitget Profile picture
@GracyBitget
Feb 25 • 1 tweets • 1 min read • Read on X
Confirmed that the 40,000 #ETH loaned to #Bybit has been returned to #Bitget. No interest, no collateral—this was simply about supporting a peer in need. Great to see Bybit fully recovered, and we never doubted the return of the loan.

This incident showcased the strength and solidarity of our industry. Together, we move forward with even greater resilience! 🚀🦾

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More from @GracyBitget

Gracy Chen @Bitget Profile picture
May 11, 2023
My analysis on U.S. CPI release and the outlook for Fed's monetary policy:
1 The U.S. inflation (thru CPI) eases to 4.9% in April, marking the tenth straight decline and was lower than expected. This data is a positive reference for the decision to stop🚫raising interest rates.
2/ Specifically, airfare✈️, hotel accommodation🏨, and new car🚕 prices fell. While the cost of housing, the largest component (1/3) of the U.S. service sector, rose 0.4% last month, the lowest increase in more than a year.
3/ However, while consumer demand has moderated, wage growth is still very strong. The labor market is still overheated, and the Fed needs to see multiple months of declines to be convinced that price pressures are on a sustained downward trajectory.
Read 6 tweets
Gracy Chen @Bitget Profile picture
May 4, 2023
NFT lending is a growing sector in crypto.

The recent launch of Blend, a P2P perpetual lending platform by @blur_io may lead to innovation in the market: 🧵 (thread)
❇️ On May 1st, Blur partnered with @paradigm to launch Blend, a P2P perpetual lending protocol that supports NFT collateral lending.
Blend offers two products: NFT "collateralized lending" and "buy now, pay later."

The platform doesn't require an oracle, has no expiration date, is liquidatable, and its interest rate is market-driven.
Read 12 tweets
Gracy Chen @Bitget Profile picture
Feb 28, 2023
Total Value Locked of #LSD protocols has surpassed lending protocols! 🙌 🔥

Find out how you can capitalize on this investment opportunity. 👇 🧵 (thread) Image
1/ According to @DefiLlama , the total value locked (TVL) in LSD protocols has reached $14.21 billion, exceeding lending protocols.

One of the targeted assets, $SSV, has seen tremendous growth in February 2023, reaching $45, up by 4.5 times from its January low.
2/ As a common investor, how can you leverage this impressive rise in Liquid Staking Derivates?
Read 9 tweets
Gracy Chen @Bitget Profile picture
Feb 20, 2023
We're thrilled to see that Hong Kong's regulator has opened up crypto trading to retail customers through a new consultation.

We've made preparations in advance, and are excited to announce some exciting developments that will benefit #Bitgetters globally. 👇🧵 (thread)
1/ At the end of last year, we hired HK lawyers and compliance professionals to ensure we are up to date on all relevant HK policies.

And now, we're preparing to apply for a crypto trading license in Hong Kong!
2/ This move will allow us to better serve our customers in the region while maintaining the highest standards of security and compliance.
Read 6 tweets
Gracy Chen @Bitget Profile picture
Nov 16, 2022
The tech and crypto space is seeing a lot of large-scale layoffs.

We want to reiterate that the hiring plan for #Bitget remains unchanged.

apply.workable.com/bitget/
This June, we announced we would double our workforce by the end of the year.

Our team size grew by 78% within 4 months. from 450 to 800.
We are still on track to hire 25% more people to reach a team of 1000 and achieve our target for the year.
Read 6 tweets
Gracy Chen @Bitget Profile picture
Nov 15, 2022
In light of recent news, we will be increasing our #Bitget Protection Fund from 200 million to 300 million dollars.

#Bitget Protection Fund - bitget.com/en/protection-…
Our #Bitget Protection Fund is backed by cryptocurrencies of high liquidity, such as BTC, USDT, and USDC.
The #Bitget Protection Fund is here to protect our users if their funds are forfeited through no fault of their own.
Read 4 tweets

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