Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
All
Crypto
Stocks
Commodities & Forex
Macro
Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say
Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

Analysts say the SEC’s approval of options for the spot bitcoin ETF marks a significant shift in how institutional investors may engage with bitcoin, with potential implications for demand for the underlying asset.The U.S. Securities and Exchange Commission approved BlackRock’s proposal to list and trade options for its spot bitcoin ETF last Friday.

The Block·2024/09/27 13:00
Q4 crypto rally chances ‘exceptionally high,’ fueled by BTC $65K breakout
Q4 crypto rally chances ‘exceptionally high,’ fueled by BTC $65K breakout

Bitcoin’s surge past $65,000 has ignited FOMO in the altcoin market, according to a crypto analyst.

Cointelegraph·2024/09/27 08:12
Flash
03:58
Crypto whale opens a $3.16 million ETH long position at an average price of $1,811, with a liquidation price of $1,762.
Odaily reported, according to on-chain data, Machi Big Brother opened a leveraged long position in ETH worth $3.16 million at an average price of $1,811, with a liquidation price at $1,762, and is currently facing an unrealized loss of $6,838.
03:56
Citibank: The main reason for bitcoin's decline is the lack of new investor demand, Strategy selling is not the key factor
According to ChainCatcher, citing CoinDesk, Citi analyst Alex Saunders stated in the latest report that while Strategy's recent sale of Bitcoin triggered market volatility, the larger issue is the lack of demand from new investors. The report indicates that this sale by Strategy is part of a previously disclosed tax optimization plan and not a strategic shift. What truly deserves attention is that spot Bitcoin ETF has seen net outflows for 11 consecutive days, which is an important signal of weak investor adoption. Analysts estimate that ETF fund flows can explain about 45% of Bitcoin’s weekly price fluctuations. In addition, the likelihood of the U.S. crypto market structure bill passing this year is decreasing, reducing potential positive catalysts. The bank believes that in the absence of regulatory progress and new capital inflows, market sentiment for Bitcoin will remain subdued.
03:53
SoftBank shares drop over 10% as OpenAI rival's accelerated IPO sparks concerns
(1) As OpenAI's competitors advance their initial public offering (IPO) plans, SoftBank Group's share price plunged sharply on Thursday after a recent surge, with the latest drop reaching 10.4% to 7,449 yen (approximately 46.53 US dollars), having fallen as much as 11% during intraday trading.(2) Driven by growing AI demand and expectations for a possible OpenAI IPO, SoftBank’s share price has more than doubled over the past two months; earlier this week, SoftBank announced its 52 billion US dollar data center project in France, which further boosted its stock price.(3) However, OpenAI’s competitors are also accelerating their listings: one exchange plans to sell about 75 billion US dollars’ worth of shares in an IPO on June 12; another exchange has secretly filed for an IPO and may go public as early as this fall. These moves could make it easier for competitors to access financing channels needed to build large-scale AI infrastructure.
News