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SEC has 'very low' odds of winning against Uniswap: Crypto lawyer
SEC has 'very low' odds of winning against Uniswap: Crypto lawyer

The Securities & Exchange Commission has chosen Uniswap — rather than a fraudulent actor — as its latest target. The commission is facing stiff odds of success.

Cointelegraph·2024/04/16 23:55
Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs
Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs

Hong Kong crypto ETF products may seean inflow of around $500 million, compared to the billions of dollars in the US market, predicts Bloomberg ETF analyst.

Cryptopotato·2024/04/16 22:43
BAYC Floor Price Plummets 90% in 2.5-Year Span
BAYC Floor Price Plummets 90% in 2.5-Year Span

Data shows a decline in interest in Ethereum NFTs, with Bitcoin Ordinals surpassing them in sales performance.

Cryptopotato·2024/04/16 20:58
Gold-backed stablecoin market is still a niche subsector
Gold-backed stablecoin market is still a niche subsector

Gold has continued to surge to record highs, boosted by geopolitical tensions.This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/16 20:04
Despite weekend dip, bitcoin's market dominance hits highest level since April 2021
Despite weekend dip, bitcoin's market dominance hits highest level since April 2021

This past weekend, assets dipped as traders briefly recalibrated their portfolios amid the conflict in the Middle East.Most assets seemed to have hit a relative bottom towards the end of Saturday.This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/16 19:29
Huge Increase in Shiba Inu Burn Rate: Can the SHIB Price Rebound?
Huge Increase in Shiba Inu Burn Rate: Can the SHIB Price Rebound?

Almost 800 million SHIB tokens were removed from circulation in the last seven days.

Cryptopotato·2024/04/16 19:13
Flash
05:13
Institution: Japan's output gap remains positive, which may support further rate hikes
```htmlGolden Ten Data reported on July 6 that Maruyama Yoshimasa, an economist at SMBC Nikko Securities, stated that the Bank of Japan’s first-quarter output gap estimate shows a stable positive trend, which helps drive inflation higher. He pointed out that this data can be seen as a reason to support further rate hikes. However, he added that the positive output gap has not widened, indicating there is currently no urgent need to accelerate the pace of monetary tightening. "If there is a need to speed up rate hikes or increase their magnitude in the future, it may be due to the delayed but significant transmission effect of inflationary pressures stemming from the situation in the Middle East, or a rise in inflation expectations," he said.```
05:13
The deployer of meme coin TCC may have only profited $76,000, missing out on a potential peak gain of $43.4 million.
BlockBeats News, July 6, according to reports, the deployer of the Meme coin TCC (0x699) bought in after creating the token, at a market cap of around $12,800, investing about $10,200. Subsequently, as TCC's market cap rose, this address sold all holdings at an average market cap of around $124,000, ultimately earning a profit of only about $76,000. Based on TCC's market cap peak of approximately $70.88 million, the deploying address potentially "missed out" on around 571 times the profit, with unrealized gains at one point reaching about $43.44 million. Even at the current market cap, the potential profit still stands at roughly $22.94 million. As of press time, TCC's market cap is about $37.8 million, down approximately 47% from its peak, with a 24-hour trading volume as high as $64.5 million. BlockBeats Note: Meme coin trading experiences significant volatility, is often driven by market sentiment and speculation, and generally lacks actual value or use cases. Investors should be aware of the risks.
05:11
Analysis: Bitcoin rebounds but spot trading volume rapidly shrinks, long squeeze risk in derivatives is accumulating
According to ChainCatcher, crypto analyst Murphy pointed out that during Bitcoin's rebound from $58,000 to nearly $64,000, the relative spot trading volume declined rapidly. A rebound lacking support from spot demand is unlikely to form the basis for a trend reversal and is usually merely an emotional corrective move. Attention should be paid to the sustainability of the rebound. On a positive note, the USDC/USDT exchange rate has pulled back from 1.001 to 1.0006, indicating a weakening intention to exit the market and a rise in trading intention. Although mainstream stablecoins on exchanges are still experiencing net outflows, the scale of outflows continues to narrow, and the marginal improvement in liquidity is supporting the continuation of the rebound. However, the weakening spot-driven force means that derivatives' weight has relatively increased. The 7-day average perpetual futures long premium has continued to rise to $160,000 per hour, indicating that taker buying is persistently pushing perpetual prices above spot. Although open interest has declined somewhat, it remains significantly higher than its level in February this year. The current long premium is still within the normal range, but as the rebound continues, long squeeze risks will continue to accumulate—once open interest rebounds again, an intense battle between longs and shorts could lead to faster and sharper volatility, which is a potential risk to watch in advance.
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