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16:52
Iranian Armed Forces: Will Face Stronger Response If Attacked Again
BlockBeats News, June 12th, the commander of Iran's Islamic Revolutionary Guard Corps' Quds Force stated, "On one hand, the United States talks big about agreements and negotiations, but on the other hand, it takes malicious actions with evil intentions. This clear contradiction between the words and deeds of the United States is the fundamental cause of the region's instability, which has endangered trade security, the international economy, and the security of all countries, especially the safety of the Strait of Hormuz. We warn that if the United States attempts to attack Iran again, it will face a more severe response than before. The conflict will escalate further and become more widespread, leading to a state of insecurity in the region. In light of the recent U.S. threats to target Iran's oil infrastructure, we now declare: either the oil and gas exports are open to all, or they are closed to everyone." (FXStreet)
16:10
Veteran Short Seller Chanos Claims SpaceX IPO Supported by 'Hope and Dreams', Valuation Hard to Justify
On June 12, veteran short seller James Chanos stated that the highly anticipated IPO of SpaceX is driven more by investor enthusiasm for Elon Musk and artificial intelligence rather than financial fundamentals. He believes it is difficult to justify the company's valuation based on any reasonable business assumptions. The founder of Chanos & Co. remarked that as investors pour money into speculative growth narratives, this deal represents a key test of market sentiment ahead of SpaceX's much-watched IPO. Speaking at the iConnections Global Alts conference in New York, Chanos said, 'We are looking at a $75 billion IPO with a valuation close to $2 trillion, while the company's revenue is $19 billion and free cash flow is negative. This is indeed an IPO supported by hope and dreams.'
15:56
CME FedWatch: Fed Rate Hike Probability Reaches 69%
BlockBeats News, June 11th, according to CME's "FedWatch" data, the probability of a Fed rate hike this year is 69%, with a 43.4% probability of a 25 basis point hike, a 21.2% probability of a 50 basis point hike, a 4.1% probability of a 75 basis point hike, and a 0.3% probability of a 100 basis point hike.
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