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 (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)
Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)

SOL is among the few altcoins in the green now.

Cryptopotato·2024/05/20 08:46
Hidden Gems 💎: STRK, HFT and BLUR
Hidden Gems 💎: STRK, HFT and BLUR

Cryptonews·2024/05/20 08:22
Our Bitcoin Greed & Fear Index Turns Bullish, This Is Our Favorite Trade
Our Bitcoin Greed & Fear Index Turns Bullish, This Is Our Favorite Trade

Institutional Crypto Research Written by Experts

10xResearch·2024/05/20 07:42
ETFs buy 3X new BTC supply — 5 Things to know in Bitcoin this week
ETFs buy 3X new BTC supply — 5 Things to know in Bitcoin this week

Bitcoin is facing renewed calls for a supply shock as exchange reserves hit seven-year lows, and BTC price action focuses on final resistance.

Cointelegraph·2024/05/20 07:34
Bitcoin lingers below $67,000 as sideways price action continues
Bitcoin lingers below $67,000 as sideways price action continues

Bitcoin’s price inched close to $67,000 on Monday.Over the past weekend, bitcoin has seen a 5% hike in price.

The Block·2024/05/20 07:25
Flash
13:22
California Bets on IPO Tax Windfall: SpaceX and AI Giants’ Listings Could Bring Billions in Additional Revenue
According to Odaily, as potential IPOs of tech companies like SpaceX, OpenAI, and Anthropic draw near, California is expected to see a wave of IPO-related tax revenue growth. However, both the actual size and predictability of this increase remain highly uncertain. Reportedly, SpaceX going public could become one of the largest tax revenue sources in California's history, but due to its unique employee equity incentive structure (RSU single-trigger vesting mechanism) and long-term prepayment tax arrangements, part of the tax revenue has already been realized before the IPO. This weakens the traditional "concentrated tax surge from IPOs" model. The California Department of Finance and the Legislative Analyst's Office (LAO) noted that, compared to Facebook's 2012 IPO which brought in about $1.3 billion in tax revenue, today’s mega IPOs theoretically offer even greater tax potential. However, due to complex employee equity structures, the early realization of stock sales, and the increased use of tax-avoidance tools, actual revenue may be more dispersed and difficult to predict. Overall, while California stands to benefit from a "super IPO cycle," the tax structure is shifting from "concentrated one-time windfalls" to "long-term, distributed realization," making fiscal gains more volatile and uncertain. (CNBC)
13:19
Serenity once again calls for LPK: The current valuation is severely underestimated, and the total potential market far exceeds previous predictions.
BlockBeats News, June 19, Serenity stated in a post that it had previously completely missed the relevant content in the meeting minutes of the German laser technology company LPK, and believes the market has also overlooked this information. Its main points of focus include: LPK is actively considering a listing on Nasdaq and is engaged in related discussions; the company aims to achieve a 70% market share in the glass substrate market; the total addressable market (TAM) is significantly larger than previously forecast; under the base case this year, it is expected that 4 to 5 clients will place orders; and the industry is ready to enter the large-scale capacity ramp-up phase. Serenity believes that based on these discussions, LPK is currently seriously undervalued. Serenity also disclosed that they hold relevant positions.
13:17
LNG plunges to a four-month low, reopening of the Strait of Hormuz is not the end—market is balancing between Asian demand and European restocking battles this summer
(1) Asian spot LNG prices fell to a four-month low this week, with the average price for August delivery to Northeast Asia estimated at $15.30 per million British thermal units, a sharp decline from last week's $19.15. This was mainly due to the resumption of transport through the Strait of Hormuz, easing concerns over supply disruptions.(2) Although Iran has agreed to waive transit fees through the Strait of Hormuz for a 60-day negotiation period and requires ships to apply for passage 48 hours in advance, the market remains vigilant regarding geopolitical tensions. Full restoration of Gulf supply to normal levels may take several months, with lag effects in rebooting the supply chain.(3) Asian demand is expected to remain strong in the third quarter, driven by replenishment needs and the summer peak for electricity usage. At the same time, Qatar's output has not yet returned to pre-war levels via Hormuz, so Asian companies may still extract long-term contract cargoes from the Atlantic Basin to meet terminal demand.(4) Europe's market fundamentals continue to reflect a tight supply scenario. Most cargoes were diverted to the region during periods of strong Asian premiums, restricting Europe's spot availability. Throughout the summer, Europe needs approximately one additional cargo per day to return inventory to normal levels.(5) Investment funds accelerated selling of TTF futures last week. While they still hold a considerable traditional net long position, momentum and sentiment have noticeably turned negative. This leaves room to increase positions when fundamentals support a rebound, and winter risks are currently being significantly underestimated. Funds may target re-entry opportunities in the fourth quarter.(6) Atlantic route LNG freight rates have fallen to $93,000 per day, while the Pacific route stands at $80,750 per day. The previous month's arbitrage window for US shipments to Northeast Asia via the Cape of Good Hope points towards Europe, whereas shipments via the Panama Canal clearly target Asia. Regional price differences continue to guide trade flows toward further differentiation.
News