BitMax.io Weekly Roundup | Aug 8 – Aug 14, 2020

One-minute Digest on Us and Market

Aug 8 – Aug 14, 2020

Market Watch

• Total Market Cap of Digital Assets: $367 bln (as of Aug 14, 10 AM UTC, CoinMarketCap)
• Bitcoin’s Weekly Price Range: $11,180 - $12,020
• BTC price slipped 0.66% over this week; ETH continued to rise, up by 7.15%.
• Weekly increase of asset holders by blockchain address: 8,783,699 for BTC, 69,596,993 for ETH
• DeFi Data (as of Aug 14, 10 AM UTC): Market Cap $13,972,723,299 (Coingecko); Total Value Locked $5.22 bln (DeFi Pulse)

Platform Update

• Updated deposit addresses for BTC, BCH, BSV and LTC on Aug 14, 2 PM UTC. For asset & account security, we strongly recommend you to choose the new addresses for the deposit of these four tokens.
• Now available: asset introduction display on trading pages for PC.

.

Activity in Spotlight

Join special promotions for Geeq (GEEQ) to share rewards of 120,000 USDT in GEEQ tokens

Latest Listing

Aug 11 – Serum (SRM) listed under the trading pair of SRM/USDT. SRM/BTC trading pair was latter added. ATH ROI: 1906.53%.

Serum is the world's first completely decentralized derivatives exchange with trustless cross-chain trading brought to you by Project Serum, in collaboration with a consortium of crypto trading and DeFi experts.

Aug 14 – Jarvis Network (JRT) listed under the trading pair of JRT/USDT.

Jarvis network is a set of protocols on Ethereum which allow to gain exposure to the price of any asset, through on-chain synthetic assets and/or off-chain leveraged position collateralized by stablecoins, against liquidity pools equipped to remain market neutral.

DeFi Project Highlights

• Swingby (SWINGBY) Staking Service: Stake SWINGBY to compound rewards. Est. Compound Annualized Return (APY) up to 65%.
• 3-Month Orion Protocol (ORN) Pre-Staking Program: 39% Est. Annualized Return for the first month.
• XDai (STAKE) on-chain staking is now available. Participants of XDai (STAKE) Pre-Staking can continue to earn staking rewards. No extra actions are required.

BitMax’s Insights

Aug 12- George Cao, co-founder & CEO of BitMax, was invited by Crypto Tonight to attend D-Hour Ep2. From WallStreet to Crypto, Dr. George Cao shared his insights into institutional adoption, regulatory change, structured product, and derivatives trading in this ever evolving crypto market.

What’s Upcoming

• Deploy Isolated Margin Mode for Futures Trading
• Display of Asset Introduction on Trading Pages for App
• Upgrade System & Expand Server Capacity on Aug 16, 9:00 a.m. EDT – 9:00 p.m. EDT. During system maintenance, website, App & API will be temporarily unavailable and all open orders will be canceled

Note: Please refer to announcement on bitmax.io official website for further details.