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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 21:02
    Trump Proposes Integrating Crypto Assets into US Pension and Mortgage Systems, Sparking Opposition from Democrats
    According to a report by Jinse Finance, the Trump administration plans to further integrate crypto assets into the U.S. economy, including incorporating digital assets such as Bitcoin into 401(k) retirement accounts and mortgage asset evaluations. The Federal Housing Finance Agency has already requested that Fannie Mae and Freddie Mac consider borrowers’ crypto holdings as collateral, sparking opposition from Democratic figures like Senator Elizabeth Warren, who worry that such moves could undermine financial system stability. The White House is also set to release a major strategic report on crypto assets this Wednesday and may sign an executive order to promote greater diversification of pension investments, including cryptocurrencies. Additionally, the market is watching to see whether the report will address federal reserve mechanisms such as a “Bitcoin strategic reserve.” Earlier this month, Trump completed stablecoin regulatory legislation through the “GENIUS Act.” The House has already passed related market structure bills, and the Senate is drafting its own version, with industry feedback expected by August 5. Despite Congress entering recess, the Trump administration continues to prioritize crypto issues as a core agenda item for the second half of the year.
  • 20:44
    Trump May Demand Murdoch Testify Within 15 Days Over Epstein Reporting
    According to a report by Jinse Finance, citing foreign media, U.S. President Trump has requested that a judge order media tycoon Rupert Murdoch to testify in court within 15 days. This is part of Trump’s $10 billion defamation lawsuit against The Wall Street Journal over its coverage of the Epstein case. Trump argues that, given the executive’s advanced age, it is reasonable for him to testify early. In a court filing on Monday, Trump’s lawyers stated that Murdoch should be required to answer preliminary questions so that these can be preserved for trial, even though the lawsuit was only filed last week. According to the documents, the 94-year-old Murdoch has experienced “multiple health issues” throughout his life and recently faced a health crisis. It was reported that earlier this year, Murdoch suddenly collapsed during a breakfast meeting with an executive in London.
  • 20:42
    Ray Dalio Recommends Investors Allocate 15% to Gold or Bitcoin, Says He Personally Holds a Small Amount of Bitcoin
    BlockBeats News, July 28 — Billionaire Ray Dalio has advised investors to allocate 15% of their portfolios to Bitcoin and gold as a hedge against the mounting U.S. debt and economic instability. Ray Dalio, founder of Bridgewater Associates, stated on the “Master Investor Podcast” that the macroeconomic risks posed by rising government debt in the U.S. and other countries have not yet been priced in by the market, and that the market could eventually face a significant downturn. “The U.S. government is spending 40% more than it earns and is unable to meaningfully cut expenditures. Its accumulated debt is six times its income, and annual interest payments have reached $1 trillion, which is half of its budget deficit.” Dalio further explained that the U.S. government can only repay its debt by issuing more debt and through “the central bank (the Federal Reserve) printing money.” This creates a situation where the market could become increasingly panicked. Dalio believes that a new round of large-scale quantitative easing or government control over the Federal Reserve could trigger a major crash. He noted that signals of such events have already begun to “flash or flicker,” a view he also expressed in his recently published book, “How Nations Succeed and Fail.” Since these risks have not yet been factored into market prices, Dalio recommends that investors allocate at least 15% of their portfolios to gold or Bitcoin as a hedge against fiat currencies and cash equivalents such as bonds. However, he personally has a “strong preference” for gold over Bitcoin, as he doubts any central bank would adopt cryptocurrency as a reserve currency. “Because everyone can see and track who is using it for what transactions, it offers no privacy at all.” Dalio also noted that there are “doubts” about whether “the code can be cracked” or whether Bitcoin’s protocol could be changed, which would affect its “effectiveness” as a store of value. Given these concerns, gold is more important than Bitcoin in Dalio’s own portfolio. He said, “I have gold, and I have some Bitcoin, but not much.”
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