Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
Flash
00:43
World Coin team suspected of conducting OTC transactions, trading 35 million USDC for 117 million WLD tokens
Odaily reported that, according to Onchain Lens monitoring, the World Coin team is suspected of conducting OTC transactions. They received 35 million USDC from FalconX and an exchange, and subsequently transferred 117 million WLD tokens to an OTC trading address.
00:31
Nine consecutive weeks of gains as funds bet on an oil supply gap
⑴ Data released by the U.S. Commodity Futures Trading Commission on Friday shows that as of the week ending March 17, fund managers increased their net long positions in WTI crude oil futures and options in both New York and London by a total of 9,381 contracts, reaching 124,829 contracts. This marks the ninth consecutive week of growth in speculative positions, setting the longest streak of increases in nearly a year. ⑵ Looking at specific categories, NYMEX crude oil managed fund net longs increased by 11,442 contracts, pushing total positions up to 147,861 contracts; RBOB gasoline and heating oil net longs increased by 2,851 and 3,630 contracts respectively, indicating a simultaneous rise in bullish sentiment towards refined oil products. ⑶ The structure of positions echoes recent geopolitical developments. Over the past three weeks, U.S. military actions in the Middle East have continued, coupled with a 30-day sanction waiver on Iranian oil exports issued by the U.S. side. The market has repeatedly priced in short-term supply gap expectations amid supply-side speculation. The continuous increase in positions suggests that institutions believe upside risks for oil prices remain dominant. ⑷ It is worth noting that this CFTC report did not provide position data for NYMEX financial crude oil futures, but the concentrated increase in core contracts is sufficient to reflect the strong speculative tendency. Against the backdrop of a tight supply-demand balance, the market's focus will shift to whether sanctions will be tightened again after the waiver period ends, and whether net long positions will reach a stage peak.
00:17
Airline fuel surcharge expected to rise, consumers start booking tickets in advance
Golden Ten Data reported on March 21 that international crude oil prices continue to fluctuate at high levels, and airline cost pressures are rapidly being passed on to customers. Recently, several domestic airlines have intensively raised fuel surcharges for international routes, with increases generally exceeding 50%, and some routes even doubling. Although the domestic market is still in the traditional off-season after the holidays, as expectations for fuel surcharge hikes continue to strengthen, many consumers have begun to book tickets for trips two weeks or even a month in advance, attempting to lock in the current relatively low travel costs.
News