The Bit | New Zero-fee market pairs, a USDD trading competition, and more...

Keep Up-to-Date on the Latest News and Offers from Bittrex Global. This week in The Bit, we share 5 new zero-fee market pairs, highlight a new trading competition, and offer strategies for navigating a cryptocurrency market dip.   FEATURED Zero-fee trading with Bittrex Global just got better! As of 1 August, we added an additional 5 key markets to our zero-fee promotion. That means that you can now trade ETC, TRX, XLM, LTC and NEO with USDT and pay zero in fees. And don't forget to explore our other popular USDT markets - [BTC]( [ETH]( [ADA]( [DOGE]( and [XRP]( - all with no trading fees attached. Don't miss out on this opportunity to enhance your trading experience. [Start trading now](       NEW TRADING COMPETITION Join our latest trading competition to celebrate the successful launch of USDD on Bittrex Global, one of six new listings from the TRON ecosystem. The 7-day trading event is running from now until 7 August (16:00 UTC). Trade in the [USDT-USDD market]( now for a chance to win a share of the total prize pool worth 10,000 USD. Learn more about TRON and follow the team on [Twitter]( join their [Discord]( server, stay up-to-date on the latest announcements on [Telegram]( and learn more about the ecosystem on [GitHub](.       LATEST NEWS FROM BITTREX GLOBAL TRON FOUNDER H.E. JUSTIN SUN JOINED THE BIT PODCAST to explore the platform’s future as the primary network for Tether (USDT) and its potential long-term impact. Discover how Tron's high transaction capacity opens financial possibilities for the underbanked, bridging the gap to essential services. Dive into tokenised Real-World Assets on Tron and explore the roles of tokens like [BTT]( [NFT]( [WIN]( [SUN]( [JST]( and [USDD]( within the ecosystem. Don't miss this exclusive episode on the future of one of the biggest web3 platforms in the crypto ecosystem. Don't forget to subscribe and download this episode now on [Apple Podcasts]( and [Spotify](.     OLIVER LINCH DISCUSSED THE SEC LAWSUIT against the Bittrex Global's US arm and its impact on the crypto industry with DL News, arguing that the closure of Bittrex US due to regulatory uncertainty highlights the need for a viable legal framework for crypto markets in the US. Linch emphasises the importance of not divorcing the global financial system from the United States, advocating for learning from existing regulatory models in other territories and adopting a principles-based approach to tech and finance policy. Read the full article [here](.       INDUSTRY NEWS CRYPTO MARKETS REBOUND AS FITCH DOWNGRADES U.S. RATING Bitcoin and Ether saw gains on Wednesday despite stock market declines following Fitch Ratings' unexpected downgrade of the U.S. from AAA to AA+. Bitcoin's 2% rise near $29,500 indicates a potential recovery from its recent drop below $30,000. Fitch cited "expected fiscal deterioration" as a reason for the downgrade, which may lead more people to seek decentralised alternatives like cryptocurrencies, supporting their adoption. Ether rose by 1.5% to surpass $1,850, while altcoins like Cardano and Polygon showed positive momentum. However, memecoins like Dogecoin and Shiba Inu experienced minor losses. [Barrons]( DEFI COMMUNITY FIGHTS TO PROP UP FALLING CRV PRICES Tron founder Justin Sun bought around 5 million CRV tokens in an over-the-counter transaction to safeguard against a potential bad debt from falling CRV token prices. The purchase, totaling over $2.3 million, was made at an average price of $0.4, well below the $0.59 trading price at the time. The move is a measure to protect a massive loan tied to Curve Finance founder Michael Egorov, whose $168 million stash was at risk of liquidation following a Sunday exploit that drove down CRV prices. Other DeFi players also stepped in to acquire discounted CRV tokens via OTC trading after Sun's purchase. The potential liquidation could affect other DeFi protocols due to CRV's use as a trading pair and in liquidity pools across the ecosystem. [Coindesk]( WORLDCOIN LAUNCH SPARKS DATA PRIVACY DEBATE Last week’s launch of Worldcoin has ignited a contentious discussion on the future of decentralised identity, AI, and iris-scanning technology. Critics, including Ethereum co-founder Vitalik Buterin, have expressed concerns over creating World IDs through iris scans, raising privacy and security issues. MIT Technology Review reporters accused Worldcoin of employing deceptive marketing practices, collecting extensive personal data without informed consent, and targeting signups primarily in less-regulated regions like Asia and Africa, with Kenya's interior ministry suspending Worldcoin's activities in the country. At the same time, the German government and authorities in the UK and France have launched probes into the project's data collection methods. [Cointelegraph](           TIPS FROM BITTREX GLOBAL Navigating a cryptocurrency market dip can be challenging, but with the right strategies, you can weather the storm and even find opportunities for growth. This list of tips and strategies can help you make the most out of a market downturn: REFRAIN FROM IMPULSIVE TRADING: Avoid FOMO (fear of missing out) and FUD (fear, uncertainty, doubt). Steer clear of relying on impulses by staying informed and confirming news from multiple sources. SET CLEAR GOALS AND DIVERSIFY: Only invest what you can afford to lose. Diversify your assets for a balanced portfolio. HODL FOR THE LONG TERM: History shows crypto trends upward over time. Hold for longer periods to ride out market fluctuations. BE READY TO RIDE OR TAKE PROFITS: Convert volatile assets into stablecoins like USDT and USDC to reduce risk, but avoid selling everything at once. SEE OPPORTUNITIES IN THE DIP: "Buying the dip" and short selling can be profitable. Consider staking and DeFi yield farming to support portfolio growth even in a bear market.       TRENDING   Michael Mouradian Head of Digital Assets & Markets [Twitter]( [LinkedIn](         [YOUR ACCOUNT]( [CONTACT SUPPORT](   STAY CONNECTED [Twitter]( [LinkedIn]( [Facebook]( [Instagram]( [Telegram](   BITTREX GLOBAL HAS BEEN TRUSTED BY OVER 500 TOKEN PROJECTS TO REACH MILLIONS OF TRADERS. [LEARN WHY](   Risk warning: Bittrex Global operates cryptocurrency exchanges in Liechtenstein and Bermuda (together 'Bittrex Global'). Bittrex Global GmbH is registered with the Financial Market Authority under Law of 3 October 2019 on Tokens and TT Service Providers (TVTG) in Liechtenstein to operate as a TT Exchange Service Provider, TT Token Depositary and Token Issuer on behalf and for the account of third parties. Bittrex Global (Bermuda) Limited is regulated by the Bermuda Monetary Authority and licensed as a Class F Digital Asset Business under the Bermuda Digital Asset Business Act 2018 to operate as a digital asset exchange, provide custodial wallet services and operate as a digital asset derivative exchange provider. Trading Tokens, and use of other Services provided by Bittrex Global involves significant risks and potential for financial losses. The market for and trading in Tokens is speculative and is highly volatile. Trading and use of other services may result in loss of Tokens, decrease in or loss of all value for Tokens, inability to access or transfer Tokens, inability to trade Tokens, inability to receive financial benefits available to other Token holders, and other financial losses to you, even total loss of your investment. Please be aware of phishing sites and other online scams, and always make sure you are visiting the official [global.bittrex.com] website when entering sensitive data. You are receiving this e-mail because you subscribed to Bittrex Global. You can unsubscribe by clicking on the link below. [UNSUBSCRIBE]( Bittrex Global GmbH Dr. Grass-Strasse 12 Vaduz 9490 Liechtenstein Bittrex Global (Bermuda) Ltd 11 Bermudiana Road Pembroke HM OB, Bermuda [Click here to view this email in your browser.](