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13:41
Grayscale: Hyperliquid’s trading volume could reach $2.9 trillion in 2025
According to a Grayscale Research report, the decentralized trading platform Hyperliquid is expected to process about $2.9 trillion in perpetual contract trading volume in 2025, with current open interest around $700 million. The report states that Hyperliquid provides an experience close to that of centralized exchanges through its on-chain order book architecture, while maintaining on-chain transparency and user self-custody features. Platform income in 2025 is expected to be around $800 million, accounting for approximately 2% of the global crypto perpetual contract market revenue.
13:39
Citi Raises S&P 500 Index Year-End Target to 8100 Points, with AI Earnings Growth as the Primary Driver
BlockBeats News, June 8th. Citigroup stated that the profit growth brought by AI development is expected to drive the S&P 500 index to break through the 8,000-point mark in 2026. The bank has raised its year-end target for the S&P 500 index to 8,100 points, a more than 9.5% increase from last Friday's closing price, previously set at 7,700 points. Strategist Kronat predicted that the S&P 500 earnings per share will reach $350 in 2026 and rise to $400 in 2027. Kronat said, "AI is significantly boosting the fundamentals of related industries, and we are confident in the continued earnings surprise by the end of the year." He pointed out that first-quarter earnings surprises were unusually widespread, and although it may be challenging to sustain, the surprise rate in the coming quarters will remain above normal levels. Kronat believes that earnings will replace valuation expansion as the main driving force of the index. He added that despite uncertainties such as the US-Iran war, inflation, and interest rate paths that may cause volatility, AI spending remains the focus of investors. Regarding concerns about an AI bubble, Kronat believes that the market's enthusiasm for AI growth is far from over. "We are currently in the middle game stage, and future price-earnings ratios will tend to be moderate, with earnings growth taking on greater responsibility," he said.
13:34
Morgan Stanley: If the Federal Reserve avoids raising rates, the US dollar may weaken
ChainCatcher news, according to Golden Ten Data, Morgan Stanley strategists stated in a report that if market risk appetite returns and the Federal Reserve avoids raising interest rates, the US dollar may weaken over the next few months. They pointed out that positive risk sentiment is unfavorable for the US dollar, but if the US economy outperforms other countries, it could support the US dollar. The European Central Bank and Bank of Japan are expected to raise interest rates this month, and a narrowing interest rate differential will encourage increased risk appetite, putting pressure on the US dollar.
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