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BTC $75,293.23 +1.27%
ETH $2,343.17 +0.47%
BNB $629.80 +1.56%
XRP $1.44 +1.94%
SOL $87.65 +3.02%
TRX $0.3240 -0.81%
DOGE $0.0980 +2.24%
ADA $0.2549 +2.80%
BCH $447.24 +1.65%
LINK $9.48 +2.51%
HYPE $43.41 -4.41%
AAVE $115.00 +8.45%
SUI $0.9857 +1.75%
XLM $0.1676 +4.65%
ZEC $330.50 -4.35%

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Xie Jiayin: Bitget will launch two rounds of preSPAX airdrops for VIPs

Bitget's Chinese head, Xie Jiayin, announced on Twitter that Bitget officially launched IPO Prime, turning capital privileges into rights for everyone. To promote the implementation of this project, Bitget's global business team began intensive communication with the issuer Republic months ago for exclusive cooperation. He stated that from CEX to UEX, Bitget's business has extended to the primary market, insisting on breaking boundaries to do things that are truly valuable to users.In this round of IPO Prime, in addition to the subscription mechanism, Bitget will distribute two rounds of preSPAX airdrops to new VIPs and existing VIPs. The first round of airdrops is open to users who became Bitget VIPs before April 13 at 10:00 (UTC+8), with a total prize pool of 760 preSPAX, allocated according to VIP levels. Users must maintain their VIP status during the event and click "Participate Now" on the event page to complete registration. The registration period is from April 13 at 10:00 to April 15 at 23:59 (UTC+8), and the airdrop distribution time is April 16.The second round of airdrops is open to users who upgrade to VIP between April 13 at 10:00 and April 19 at 23:59 (UTC+8), with a total prize pool of 190 preSPAX. The airdrop amount will be allocated based on the user's VIP level at the end of the event. The registration period is from April 13 at 10:00 to April 19 at 23:59 (UTC+8), and the airdrop distribution time is April 20.

Two men in Heilongjiang illegally tapped into high-voltage lines from an oil field for Bitcoin mining, and the main culprit was sentenced to 10 years in prison

According to China News Weekly, the People's Court of Honggang District in Daqing City, Heilongjiang Province recently announced a first-instance judgment. Two men were sentenced for stealing electricity from high-voltage lines in an oil field for Bitcoin mining. The principal offender, Zhang, was sentenced to 10 years in prison and fined 50,000 yuan, while the accomplice, Zhao, was sentenced to 4 years and 10 months in prison and fined 20,000 yuan.According to the judgment, in September 2024, Zhang illegally connected to the high-voltage line of an oil field in Daqing and set up 24 Bitcoin mining machines in an abandoned pigsty he rented. In December of the same year, Zhao joined in knowing that Zhang was stealing electricity and purchased an additional 12 mining machines, bringing the total to 36 machines running. In August 2025, the two were arrested by the public security authorities.It was calculated that Zhang stole 565,375.2 kilowatt-hours of electricity, valued at 438,580.52 yuan; Zhao stole 468,060 kilowatt-hours, valued at 363,750.78 yuan. The court determined that both men committed theft, with Zhang as the principal offender and Zhao as the accomplice. The court also ordered Zhang to repay 438,580.52 yuan, and Zhao to bear joint repayment responsibility for 363,750.78 yuan. The mining machines and related equipment involved in the case will be handled by the public security authorities in accordance with the law.

Two men in Heilongjiang illegally tapped into high-voltage lines from an oil field for Bitcoin mining, and the main culprit was sentenced to 10 years in prison

The People's Court of Honggang District, Daqing City, Heilongjiang Province recently announced a first-instance judgment. Two men were sentenced for stealing electricity from high-voltage lines in an oil field to mine Bitcoin. The main offender, Zhang, was sentenced to 10 years in prison and fined 50,000 yuan, while the accomplice, Zhao, was sentenced to 4 years and 10 months in prison and fined 20,000 yuan.According to the judgment, Zhang illegally connected to the high-voltage line of an oil field from a certain oil extraction plant in Daqing and set up 24 Bitcoin mining machines in an abandoned pigsty he rented. In December of the same year, Zhao joined in knowing that Zhang was stealing electricity and purchased an additional 12 mining machines, bringing the total to 36 machines running. In August 2025, the two were arrested by the public security authorities. It was calculated that Zhang stole 565,375.2 kilowatt-hours of electricity, valued at 438,580.52 yuan; Zhao stole 468,060 kilowatt-hours, valued at 363,750.78 yuan. The court found both men guilty of theft, with Zhang being the principal offender and Zhao the accomplice. The court also ordered Zhang to compensate 438,580.52 yuan, while Zhao was jointly liable for 363,750.78 yuan of that amount. The mining machines and related equipment involved in the case will be handled by the public security authorities in accordance with the law.
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