Bit.com June Roundup — Crypto is bouncing back

June has been a month of slow recovery from the crypto crash in May. As we continue seeing headlines about halts, cuts, and bailouts, most major altcoins are also trimming gains.

Every single coin (except stablecoins) in the top 10 by market capitalization saw double-digit percentage losses. The crypto market is not in the clear, but we’re positive that we will be seeing green soon.

Let’s catch up on what’s happened in June as we continue looking ahead towards brighter skies.

IMPORTANT NEWS YOU MIGHT HAVE MISSED

Bit.com completed the new LUNA airdrop distribution

Bit.com has distributed new LUNA to all eligible LUNC holders at the ratio of 1 LUNC = 0.000015307927 LUNA. Read more

dYdX quits Ethereum

In a controversial move, dYdX, a large decentralized exchange, has quit the Ethereum blockchain and moved to Cosmos. They indicated that this would help them achieve their goal of becoming truly decentralized by the end of this year. They are looking to build a decentralized off-chain network to run the orderbook. Read more

Bit.com CMO speaks to YahooFinance

Bit.com’s CMO Toya Zhang spoke to YahooFinance at the 2022 European Blockchain Convention on managing the Crypto winter, “The future crypto services format will be a combination of Web2 & Web3, exchanges must prioritise a customer focussed and on-chain aggregated service approach.” Read more

ETH Ropsten Testnet Successfully Merged

The ETH Ropsten Testnet merge achieves a major milestone on the road to the Mainnet Merge. Considering that this is a “dry-run” for the Mainnet Merge, they have two more testnets to go and if everything goes well, we can expect the merge to be completed in August. Read more

Cointelegraph interviews Bit.com’s business development lead, Leslie Hsu

Cointelegraph news editor Aaron Wood spoke to Bit.com’s Leslie Hsu about crypto custodians and how varied regulations such as regulatory arbitrage could present more risks. Read more

Ex-Opensea employee charged with insider trading

Former OpenSea head of product Nate Chastain is getting charged with wire fraud and money laundering. This is the first time the US Department of Justice is charging someone for insider trading in digital assets. Chastain could be slapped with two 20-year sentences to send a message to the community. Read more

SWITCH ON TO CRYPTO PROMOS

Invite your buddies and get a chance to share from a $10,000 prize pool

Join Bit.com’s “Bring A Buddy Challenge”! The first three phases of our inaugural have gained a huge following. Phase 4 has been with upgraded rules and prizes. Invite your friends and stand to share from a prize pool of up to $10,000 USDT. If you refer more friends, you can also earn up to 50 USDT. See details here

Trade RACA and receive RACA free airdrop

Trade RACA and receive up to 10 USDT value of RACA. Limited to only 200 seats per day. Read more

Receive RACA Savings APY up to 50%

All you need to do as a RACA user is to subscribe to our RACA 10% APY savings product for 8 days, and invite your buddies to register on Bit.com. You’ll stand to earn a higher APY of up to 50%! See details here

NEAR Community gets to earn 46% APY and share $55,000 prize pool

Subscribe to Bit.com’s NEAR 6% APY savings product for 14 days, exclusive to NEAR users. Invite buddies to join your tribe, subscribe to NEAR savings, and stand to earn a higher APY of up to 46%! Check out the details here

Bit.com now supports TON with 200% APY savings

Bit.com now supports deposit and withdrawal for TON native token TON on its native blockchain. For a limited time only, we have also launched a 200% high APY savings product for TON users. More details here

Savings new upgrade: Get 80% APY Only On Bit.com

New users, congratulations! Our 80% APY Product is launched for USDT fixed savings! It’s exciting, so you don’t want to miss this. See details here

Trade Spot on Bit.com and stand to win up to $3000 USDT rewards

Trade spot pairs on Bit.com and win! The more you trade, the more rewards you’re entitled to! Daily rewards per person go up to $100 USDT, up to $3000 USDT per month! Register now

Trade Futures Challenge, 10,000 USDT for Grabs!

Sign up for the activity and trade any USDT-margined futures in any amount to share the $10,000 prize pool. The more days you trade, the more rewards you can get. Register here

Insane Blind Box. 100% guaranteed wins!

Everyone wins! It might sound too good to be true, but there’s no catch here. We’re giving away up to 1 ETH, altcoin airdrops, coupons, Apple & Amazon gift cards, Netflix & YouTube subscriptions, and many other exciting gifts sponsored by the bit.com platform! More details here

Free BTC when you check in daily on Bit.com’s app

Just checking in to the Bit.com app daily entitles you to a chance to win free Bitcoin, up to 10,350 Satoshi every week. Log in now

COMMUNITY ACTIVITIES

Episode 2 of A Bit of Banter podcast is live!

Host Samantha Nelson sits down with Audrey Yang, Director of Business Development at WOO Commerce. Tune in to our podcast on Apple Podcasts, Google Podcasts, or Spotify to catch up on the latest crypto news and expert advice. Listen now

Watch our latest tutorial on crypto options trading

Discover the difference between a put option and a call option as we walk you through various scenarios during market changes. Watch now

Bit.com team goes to 2022 European Blockchain Convention

Our team was in Barcelona this June for EBC22! We had the honour of sharing the stage with experts from DEA, Hodl, Coinbase and Nexo. Follow us on Twitter to see our #EBC22 posts.

Bit.com is expanding!

Despite tough markets and ongoing news on layoffs, we power ahead expansion plans! “Bear market may bring our users negative sentiment, it also brings us time to strengthen our product and risk management for the next bull market.” Read more

NEW LISTINGS ON SPOT TRADING

LUNA/USDT

RACA/USDT

stETH/USDT

GMT/USDT

LRC/USDT

BNB/USDT

GRT/USDT

NEW LISTINGS ON USDT-M FUTURES

MATIC/USDT

BNB/USDT

DOGE/USDT

OP/USDT

LUNA/USDT

ADA/USDT

SAND/USDT

NEAR/USDT

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Bit.com is a highly secure and liquid derivative exchange. It offers perpetual swap trading with up to 50x leverage and option trading with up to 10x leverage.