Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
No results1Bitget Daily Digest (Nov 27) | Initial jobless claims for the week ending November 22 came in at 216,000; Nasdaq ISE has proposed raising the IBIT option position limit to 1 million contracts2Bitcoin final leverage flush below $80K is possible, warns analyst3Bitcoin price risks decline below $80K as fears of ‘MSTR hit job’ escalate
Flash
- 12:53Tether CEO retweets clarification: The market misunderstood that Tether prefers gold over bitcoinJinse Finance reported that in response to Tether's gold purchases last quarter exceeding those of several central banks, Tether CEO Paolo Ardoino retweeted a post by Sam Callahan, Director of Strategy and Research at bitcoin treasury company OranjeBTC, on the X platform to clarify the market misunderstanding that Tether prefers gold over bitcoin, stating: "Tether still loves bitcoin." It is reported that Tether currently holds about 87,475 bitcoins and has allocated approximately 15% of its profits to increasing its bitcoin holdings since 2023. The purchase of gold means that Tether is no longer just a stablecoin issuer, but a global enterprise group.
- 12:53Tether and Circle have cumulatively issued stablecoins worth $17.25 billions.According to Jinse Finance, monitored by Lookonchain, Circle has minted another 1.25 billion USDC, and Tether and Circle have minted stablecoins worth 17.25 billions USD.
- 12:36Alliance DAO co-founder: The most promising DeFi tokens in the future are those that actively support traditional financial assetsJinse Finance reported that QwQiao, co-founder of Alliance DAO, stated on social media that the DeFi tokens he is most optimistic about in the coming years are those projects that are actively committed to supporting traditional finance (TradFi) assets. Whether it is trading or lending backed by traditional financial assets, the potential market size for such projects may far exceed that of projects focused solely on crypto-native assets. This helps us break free from our own reflexive bull and bear cycles (i.e., situations where falling crypto asset prices lead to deteriorating fundamentals). In the past, the biggest obstacle was actually regulatory issues, but this situation now seems to be changing.