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
Flash
01:21
Middle East situation remains uncertain, Asian currencies consolidate against the US dollar
According to Golden Ten Data on May 26, Asian currencies remained range-bound against the US dollar during early trading as traders assessed developments in the Middle East. The Wall Street Journal, quoting a senior US official, reported that the United States launched strikes on targets in southern Iran on Monday, which US military officials described as a "defensive strike." The attack occurred amid ongoing negotiations between the US and Iran to end the conflict. In a report, two foreign exchange strategists from OCBC Bank’s research team noted that risks to a potential US-Iran agreement remain high: "We believe the downside for the US dollar will be limited. Supported by the artificial intelligence investment cycle, the US still holds a relative advantage in economic growth." LSEG data showed that the US dollar fell 0.2% against the South Korean won to 1509.70 (UTC+8), was little changed at 1.2767 (UTC+8) against the Singapore dollar, and the Australian dollar fell 0.1% against the US dollar to 0.7166 (UTC+8).
01:15
Ferrari launches its first five-seat all-electric model, Luce, aiming for the high-end electric vehicle market
```htmlThe model is named Ferrari Luce. The launch event held in Rome on Sunday marked the final step of its three-phase unveiling process—a journey that began last year with the disclosure of core technologies and was followed by a showcase of the interior design. Luce delivers just over 1,000 horsepower and can accelerate from 0 to 100 kilometers per hour in only 2.5 seconds, faster than the V12-engined Purosangue SUV, with a top speed exceeding 310 kilometers per hour. According to Ferrari's 2030 plan, pure electric vehicles are expected to make up 20% of its product lineup. As a result, Luce is a key test case: Ferrari must demonstrate that electric vehicles can fit its business model of limited supply, high pricing, and emotional appeal, while also expanding its range beyond traditional two-seat and four-seat sports cars.```
01:14
Current leading CEX funding rates show both BTC and ETH are in a bearish range, indicating weak market sentiment.
BlockBeats news, May 26 — According to data from a certain exchange, Bitcoin is currently quoted at $76,648.30, down 0.57% in the past 24 hours; Ethereum is quoted at $2,091.45, down 0.63% in the past 24 hours. After a clear pullback from the rebound two days ago, current mainstream CEX funding rates indicate both BTC and ETH are in bearish territory. For BTC, some platforms have recorded negative rates, showing a complete lack of bullish signals for BTC overall, and a significantly weak rate structure. For ETH, bearish signals are even more pronounced. Across platforms, ETH funding rates are all below the 0.005% threshold, reflecting an even more consistently bearish trend than BTC, with a very low willingness to go long. BlockBeats note: Funding rates are set by cryptocurrency trading platforms to maintain balance between contract prices and spot prices, usually applied in perpetual contracts. It is a capital exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or yield of holding contracts, so that contract prices remain close to spot prices. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
News