Bitget has launched the 2026 King’s Cup Global Invitational, or KCGI, with a total prize pool of 3 million USDT and a broader format that now extends beyond crypto-only trading. For the first time, the exchange is bringing together crypto futures, TradFi perpetual contracts, and tokenized U.S. equities in one flagship tournament. Participants will compete across more than 600 crypto contract pairs, TradFi perpetual markets tied to stocks, commodities, and precious metals, and spot rTokens representing tokenized U.S. shares, with performance aggregated into a unified profit-and-loss leaderboard. The UEX Arena sits at the center of the event, allocating 2 million USDT across five rankings, including team profit, crypto contract volume, TradFi perpetual contract volume, rToken volume, and individual profit. Registration opened on Aug. 26, while team and individual competitions will run from Sept. 9 to Sept. 22. Final results are scheduled for Sept. 23-24, followed by a live awards ceremony on Sept. 25. The event, according to Bitget, also aligns with its 2026 Universal Exchange strategy.

Bitget has unveiled Project Archimedes, a $300 million institutional capital program aimed at quantitative trading firms, asset managers and market makers. The initiative is split into two tracks: a $100 million capital provider program for emerging and growth-stage market-neutral quant teams, and a $200 million interest-free lending program for established institutions with mature strategies and existing trading scale. According to Bitget, eligible participants in the second track can access zero-interest capital if they meet specified trading-volume or position requirements. The exchange said the program is designed to help institutions expand strategy capacity, improve capital efficiency and pursue opportunities in digital assets and tokenized markets. CEO Gracy Chen said strong strategies are often constrained not by talent, but by capital, adding that Bitget aims to support more than 50 high-quality projects with the fund over the next six months. The company also tied the initiative to its Unified Account structure, under which eligible rToken spot positions can be used as collateral for derivatives trades in the same account. Bitget said the program will initially focus on market-neutral strategies with clear operating records and measurable risk controls, with participants subject to strategy reviews, due diligence and drawdown assessments.

Bitget CEO Gracy Chen said she is not convinced Bitcoin’s move to $79,000 signals the end of the bear market, and she is watching the $50,000 level as a personal buyback zone. Speaking on the Trade Secrets show, Chen said a sizable share of her portfolio remains in stablecoins while she waits for a deeper pullback, though she also said Bitcoin could still finish the year $20,000 higher. She stressed that she has no special edge on price direction and described herself as an exchange executive rather than a market forecaster. The report also noted that other market voices have warned of more downside, including Transform Ventures founder Michael Terpin, who said Bitcoin could eventually fall 66% from its October 2025 all-time high of $126,100, and veteran trader Peter Brandt, who had pointed to Oct. 4 as a potential bottom date. Beyond price, Chen discussed her background from Phoenix TV to Bitget, her limited interest in altcoins, her favorable view on Hyperliquid, her criticism of memecoins, and her skepticism that Bitcoin can reach $1 million by 2030.

Bitcoin posted a 23.5% weekly gain as US debt concerns, fresh ETF inflows and a new wave of regulatory developments reshaped sentiment across crypto markets. Cointelegraph’s latest Hodler’s Digest says BTC traded around $77,559 at the time of writing after briefly topping $79,000 on Friday, while Ethereum rose 31.1%, Solana 28% and XRP 53.3%. Barchart noted that Bitcoin moved back above its 200-day moving average for the first time since November 2025, a level many traders watch for longer-term trend shifts. The report ties part of the rally to US debt policy after the federal debt crossed $40 trillion. The Kobeissi Letter pointed to inflation, deficit spending and Treasury buyback plans, while Bridgewater founder Ray Dalio said investors should hold around 15% in gold and a bit of Bitcoin, warning that a US debt crisis could arrive in about three years, give or take two, if the current path does not change. On the policy front, Donald Trump renewed his call for the CLARITY Act after meeting crypto executives including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss. At the same time, the SEC proposed new crypto exemptions and safe harbor language, and CFTC chair Michael Selig said the agency would move with its own rules if the Senate does not pass CLARITY.

Bitget CEO Gracy Chen said on the Trade Secrets program that Bitcoin could climb back above $100,000 if the US government starts accumulating the asset. Her comment was framed as a scenario analysis rather than a statement about a confirmed policy move. The premise discussed was a hypothetical one in which the United States adds Bitcoin to a national strategic reserve. In that setup, Chen said, sovereign buying could have a meaningful effect on crypto market pricing. The remarks were cited by Cointelegraph and carried by Techub News as a market analysis item. No timeline, purchase size, or policy commitment was given in the report, which focused on the potential price impact if a government buyer of that scale were to enter the market.

Bitget CEO Gracy Chen said Bitcoin is likely to stay broadly near its current level through the end of the year, even after its recent rally. Speaking on Cointelegraph’s Trade Secrets podcast, she pointed to interest rates and wider macroeconomic conditions as the main factors shaping BTC’s outlook. Chen said it is hard to tell whether Bitcoin will finish the year above or below $70,000, and called a range of $10,000 to $20,000 around current prices her more responsible forecast. She also said she does not expect the US government to start buying Bitcoin for its national reserve before the end of President Donald Trump’s term, and sees that happening within the next two years as unlikely. The Trump administration set up a Strategic Bitcoin Reserve in March 2025 using BTC already forfeited to the federal government and told officials to explore budget-neutral ways to acquire more BTC. According to BitcoinTreasuries.NET, the US government holds an estimated 328,372 BTC, mostly from law enforcement seizures and asset forfeitures rather than direct purchases.

Bitget said it will launch what it calls the first RWA index perpetual futures product in the industry on Aug. 20, giving users a way to trade tokenized traditional assets through crypto-style derivatives. The first batch will include TSLAUSDT (RWA), NVDAUSDT (RWA) and CRCLUSDT (RWA). According to the exchange, the contracts are built on tokenized stock indexes already circulating in the market, with each index tracking one or more RWA tokens from third-party issuers. Bitget said index constituents and weights may be adjusted based on measurable factors including market activity, trading volume and liquidity. The product will run on a 5x24 trading schedule, closing on weekends and stock-market holidays. During market closures, prices will be frozen to prevent liquidations, users may add margin, order cancellations will remain available, new orders will not be accepted, and funding fees will pause before resuming on an hourly basis during active trading. Bitget also said the product will use the same mechanics and liquidation process as crypto perpetuals, with leverage capped at 10x, isolated margin only, and platform-wide position limits. Initial pricing will reference tokenized equities issued on xStocks, with more issuers planned.

Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority, setting up a framework to establish a legal entity in Gelephu Mindfulness City, Bhutan, and seek the required financial services licenses under the local regulatory regime overseen by the Gelephu Financial Services Office. The arrangement also covers operational coordination, regulatory workstreams and ecosystem development, subject to the necessary approvals. Bitget CEO Gracy Chen said Bhutan is embracing digital assets with long-term thinking, clean energy advantages and a clear regulatory structure, while GMC board member Jigdrel Singay said the city aims to build a world-class digital asset ecosystem based on sound regulation, institutional-grade standards and long-term economic value. The report also outlines Bhutan’s broader digital asset strategy, including hydropower-backed green crypto mining, the 2025 Financial Services Act governing financial and virtual asset activities in GMC, and Bhutan’s Bitcoin Development Pledge announced in December 2025. Bitget said its planned local presence may include hiring in the market and opening an office to support operations, training, knowledge transfer and long-term capacity building.