Transparency Report

Bitget released the transparency report for May, with a spot trading volume of 107 billion USD

ChainCatcher news, Bitget released its transparency report for May 2025, showing that the platform's total trading volume increased by 21% month-on-month, with contract trading growing by 26% and spot trading volume reaching $107 billion. According to data from The Block, Bitget ranks third in global spot trading volume, behind Binance and Bybit, with a market share of approximately 8.9%.In the same month, over 500,000 new registered users were added, and the cumulative new users in Q2 surpassed 2 million. The comprehensive reserve ratio reached 192%, and the platform's protection fund size rose to a historic high of $725 million, continuously strengthening the security of user assets.In terms of product innovation, Bitget launched the yield-bearing asset certificate BGUSD, supported by real assets such as U.S. Treasury bonds, and introduced a live streaming feature to integrate content sharing and trading interaction.Additionally, Bitget continues to promote public welfare initiatives. Its Blockchain4Youth education program has covered over 70 countries globally, benefiting more than 8,000 young people. The platform also participated in supporting Google's "Build With AI" hackathon, providing emergency assistance to earthquake-affected areas in Myanmar, and expanding Starlink satellite network coverage in the Philippines to promote digital infrastructure development in remote areas.

A former employee of the Ethereum Foundation writes about the foundation's budget expenditures

ChainCatcher message, former Ethereum Foundation employee Hudson Jameson posted on X discussing the budget of the Ethereum Foundation. Hudson stated that the annual budget of the Ethereum Foundation (EF) is approximately $100 million, aimed at supporting various projects and activities globally. Some key expenditures that may be overlooked in the foundation's budget include:Global trademark protection legal fees to prevent scammers from using the Ethereum name or branding.A large number of servers and development infrastructure used by both internal and external protocol teams, such as hard fork testing, launch nodes, fork monitoring tools, and PSE infrastructure for setting up ceremonies.http://ethereum.org (not an operational website, but provides hosting, URLs, and pays fees to some key coordinators and contributors).Research collaborations, such as the VDF research conducted in partnership with Filecoin a few years ago.Devcon/DevConnectGrants: The foundation issues a significant number of grants each year, which constitutes a large portion of the budget.Salaries: Salaries for at least 200 people in each region of Ethereum.Regarding transparency, Hudson mentioned that many of the requests from people are reflected in the Ethereum report released in 2022. He suggested that instead of asking to stop funding the foundation, it would be better to directly request the relevant data they want to know.
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