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07:09
From design to construction, two fully autonomous giant LNG carriers delivered on the same day
Golden Ten Data reported on June 30 that today two "China-made" giant liquefied natural gas carriers with a capacity of 174,000 cubic meters were delivered to users on the same day. From design to construction, the process was fully independent, and both transportation efficiency and energy consumption indicators lead the world—China now has the capability to mass-export top-tier liquefied natural gas carriers globally.
07:06
Brent Crude Oil Futures Drop by 1%
On June 30, Brent crude oil futures fell by 1%, trading at $73.15 per barrel.
07:05
BIT: Funding rate falls below SOFR, reducing the attractiveness of bitcoin basis trading
Foresight News reports that BIT tweeted, "Unlike in 2022, during this round of Bitcoin's downward cycle, crypto hedge funds can no longer reliably earn arbitrage profits from spot-futures basis trading as they once did. This strategy typically involves buying spot and selling futures to capture the price difference between them. Previously, after deducting SOFR-based financing costs, such unleveraged strategies could achieve an annualized return of 5%–10%. However, as interest rates have risen and retail participation in futures trading has decreased, the related premium has continued to narrow."Data also confirms this change: Currently, Bitcoin's annualized funding rate is about 2.9%, lower than SOFR's 3.7%. This means the spread between the funding rate and SOFR has turned negative since February 2026. This trend can be traced back to February 2025, when retail participation started to decline. As arbitrage returns decrease, some crypto hedge funds may choose to adopt a wait-and-see approach, while others may face redemption pressure."
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