According to CoinMeta, Bitget announced the launch of the "Archimedes Program (Project Archimedes)", setting up a special fund with a total scale of $300 million to provide capital support for quantitative trading companies, asset management institutions, and market makers. The program includes two sub-projects: a $100 million "Capital Support Program" that focuses on supporting emerging and growing quantitative institutions using market-neutral strategies; and a $200 million "Interest-Free Lending Program" for institutions with mature strategies and a certain trading scale. These institutions can obtain interest-free funds by meeting the corresponding trading volume or position holding standards, in order to reduce financing costs and expand the scale of their strategies. Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming important factors in whether a strategy can be scaled up. It is expected that more than 50 projects will be supported within the next six months.