Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

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

banner
Solana News Today: Western Union Makes a 164-Year Transition from Telegraph to Blockchain-Based Digital Remittances
Solana News Today: Western Union Makes a 164-Year Transition from Telegraph to Blockchain-Based Digital Remittances

- Western Union launches Solana-based USDPT stablecoin via Anchorage Digital, targeting faster, cheaper cross-border payments. - Pegged 1:1 to USD, USDPT aims to leverage 100M customer network and compete with PayPal/MoneyGram in digital remittances. - Stablecoin adoption surges 70% post-Genius Act, with B2B transactions now dominating 66% of $10.2B monthly volume. - USDPT prioritizes regulatory compliance and aims to cut remittance costs by 50% in high-fee markets like Asia/Africa. - Western Union's block

Bitget-RWA·2025/10/28 17:58
Bitcoin News Update: Zcash Soars by 496% as Privacy Technologies Gain Traction Amid Regulatory Challenges
Bitcoin News Update: Zcash Soars by 496% as Privacy Technologies Gain Traction Amid Regulatory Challenges

- Zcash (ZEC) surged 496% in 3 months due to privacy shielding tech adoption and rising on-chain activity, trading near $235.59. - Over 30% of ZEC supply is shielded via zero-knowledge proofs, boosting transparent layer demand while futures open interest hit $307.78M. - Price targets $300+ if it breaks above 20-period EMA, but regulatory hurdles and macro risks like U.S.-China tensions pose adoption challenges. - Privacy-focused crypto outperformed Bitcoin/Ethereum amid volatility, with institutional/retai

Bitget-RWA·2025/10/28 17:58
Solana News Update: Widespread Crypto Adoption Accelerates as Institutional Staking Surges by $2 Billion
Solana News Update: Widespread Crypto Adoption Accelerates as Institutional Staking Surges by $2 Billion

- Coinbase Prime and Figment expanded institutional staking to Solana, Cardano, and 5+ PoS networks, enabling $2B+ in onchain yield generation via integrated custody solutions. - The partnership combines Figment's $18B+ staking infrastructure with Coinbase's security controls, offering institutions diversified validator access without fund transfers. - Bitwise's BSOL Solana ETF debuted with $222.8M AUM and 7%+ yield, reflecting growing institutional demand for ESG-aligned crypto assets and accelerated ETF

Bitget-RWA·2025/10/28 17:58
Policymakers Ignore Potential Crypto Tax Income for Infrastructure
Policymakers Ignore Potential Crypto Tax Income for Infrastructure

- Q3 2025 crypto M&A hit $10B as institutional demand and pro-crypto regulations drive integration with traditional finance. - Despite robust VC funding (e.g., Coinbase's $375M Echo acquisition), no evidence links crypto taxes to public infrastructure spending. - Geopolitical stability (e.g., U.S.-China talks) boosts crypto markets, yet policymakers ignore channeling crypto tax revenue into infrastructure unlike energy sectors. - $550B Japan-U.S. energy deals and Hitachi's AI partnerships highlight infrast

Bitget-RWA·2025/10/28 17:38
Partisan Dispute Over Health Insurance Subsidies Triggers Second Largest Government Shutdown on Record
Partisan Dispute Over Health Insurance Subsidies Triggers Second Largest Government Shutdown on Record

- U.S. government shutdown hits 23rd day, second-longest in history, due to partisan disputes over Affordable Care Act subsidies. - 1.6 million federal workers furloughed or unpaid; Trump's RIF plan faces legal challenges for violating Antideficiency Act. - Economic losses exceed $41B as delayed data disrupts Fed policy; military payrolls face risks amid failed accounting measures. - Unions sue over politicized workforce cuts; $130M anonymous donation temporarily covers military pay but raises sustainabili

Bitget-RWA·2025/10/28 17:22
Ahmedabad Man Loses $240K in Crypto Scam
Ahmedabad Man Loses $240K in Crypto Scam

TheCryptoUpdates·2025/10/28 17:09
OpenAI's Shift to Profit: Will Nonprofit Governance Endure with Microsoft's $135B Investment?
OpenAI's Shift to Profit: Will Nonprofit Governance Endure with Microsoft's $135B Investment?

- OpenAI completes for-profit restructuring, granting Microsoft a 27% stake valued at $135B while retaining nonprofit oversight via a $130B equity stake. - Microsoft secures extended IP rights to OpenAI models until 2030 or AGI verification, but loses exclusivity on consumer hardware and cloud infrastructure. - The deal includes $250B in Azure cloud purchases by OpenAI and resolves legal disputes, including Elon Musk's $100B acquisition bid and regulatory objections. - Critics question the nonprofit founda

Bitget-RWA·2025/10/28 17:08
Blazpay Presale Nears Its End: Investors Hurry to Secure Lower Prices Before Increase
Blazpay Presale Nears Its End: Investors Hurry to Secure Lower Prices Before Increase

- Blazpay's presale nears completion after raising $843.7K, with 76.1% of 157.3M tokens sold at $0.0075, ahead of a $0.009375 price increase in under a week. - The platform combines multichain trading (50+ blockchains), AI tools, and gamified rewards, attracting 800K+ users and 3M transactions with $200K in distributed rewards. - Tokenomics allocate 34% for public sales, 12% for team/advisory, and 16% for liquidity, with analysts projecting $0.011–$0.017 presale prices and $0.05–$0.09 post-listing. - Quill

Bitget-RWA·2025/10/28 17:08
Senate Stalemate: GOP Pushes to Resume Government Operations as Democrats Insist on Extending ACA Subsidies
Senate Stalemate: GOP Pushes to Resume Government Operations as Democrats Insist on Extending ACA Subsidies

- The U.S. government shutdown entered its 24th day as the Senate rejected a 13th funding bill, closing nonessential agencies and disrupting critical services. - Democrats demand extended ACA subsidies before supporting any bill, while Republicans insist on reopening the government first, deepening partisan gridlock. - Transportation delays and unpaid military salaries highlight growing impacts, with the Pentagon accepting a $130M donation to cover part of defense costs. - SNAP benefits face November freez

Bitget-RWA·2025/10/28 17:08
Flash
16:13
2026 Federal Reserve Interest Rate Outlook: Rate Hike Expectations Rise, 37.3% Probability of Cumulative 25 Basis Point Hike
BlockBeats News, May 29th. According to CME FedWatch Tool data, the market's expectations for interest rate cuts this year have been almost entirely erased, with some even contemplating a potential 75 basis point rate hike. Currently, the probability of the Fed holding rates steady through the end of 2026 is 51.9%. The probability of a cumulative 25 basis point rate cut throughout the year is only 0.5%, while the probabilities of a cumulative 25 basis point rate hike, 50 basis point rate hike, and 75 basis point rate hike are 37.3%, 9.3%, and 1%, respectively. Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting in June is 1.1%.
15:24
Goldman Sachs Warns of Short Squeeze Risk in U.S. Stocks Becoming Fuel for a "Short Squeeze" Rally
BlockBeats News, May 28th, S3 Partners' latest data shows that the total short interest in the U.S. and Canadian stock markets has surged by nearly $100 billion since the end of April, reaching $2.13 trillion, hitting the highest level on record since 2010. Meanwhile, Goldman Sachs, the primary broker data, shows that the median short interest as a percentage of market capitalization of S&P 500 index components has climbed to 3%, the highest level since the end of 2011. The Goldman Sachs trading team pointed out that this extreme positioning implies that the next stage of the market's upside momentum may no longer be led by large-cap tech stocks but by a short squeeze-induced rally — especially in sectors that are out of favor and heavily shorted, where the risk of a reversal continues to build. Bearish bets have spread from the information technology sector to various other sectors such as industrials, financials, and energy, with a high concentration of shorts in defensive sectors: the median short interest in the healthcare sector has reached nearly a 30-year peak, while the utilities and consumer staples sectors are approaching historical highs. Goldman Sachs warns that the "right tail risk" in these sectors is significantly increasing. The current sentiment in the U.S. stock market has significantly improved since March, and money has begun to rotate: hedge funds bought into the non-essential consumer goods sector at the fastest pace in two months last week, while the net exposure to consumer staples saw the fastest decline in over five years. Research firm Wolfe Research believes that if geopolitical tensions ease, equally weighted allocations to sectors like non-essential consumer goods, technology, and industrials are expected to benefit further.
14:46
CEO of New Fire Group, Weng Xiaoqi: Short-term Capital Withdrawal is Positive, Crypto Industry Awaits 'ChatGPT Moment'
On May 28, Weng Xiaoqi, CEO of New Fire Group, participated in a fireside chat at the Bitfire Club exclusive event with Colin, founder of Wu Says Blockchain, and Fu Peng, chief economist of New Fire Group, sharing exclusive insights on the development cycle of the crypto industry. Weng Xiaoqi stated that Ethereum is akin to CUDA (NVIDIA's parallel computing platform), with the developer ecosystem being its core value. "Many people ask why NVIDIA is irreplaceable? Because it has CUDA—a complete development platform that developers cannot do without. The functional attributes of Ethereum are similar to CUDA: everyone develops on it, and users must consume ETH to access everything, forming a complete economic model." However, he admitted that there has been a lack of innovation on-chain in recent years, saying, "There are too few native assets, no effective innovation, and many believers have exited the market." Furthermore, Weng Xiaoqi mentioned that the withdrawal of capital may not necessarily be a bad thing. "After experiencing chaos and silence, we may welcome an explosive moment." He drew a parallel with the history of AI: "When I was studying at Tsinghua, my classmates were researching convolutional neural networks around 2011-2013, which was also the incubation period for Bitcoin. But AI truly became a societal phenomenon during the sudden explosion of ChatGPT two years ago—it had accumulated for a long time, and then one application ignited everything." Weng Xiaoqi indicated that the crypto industry might also be waiting for its own 'ChatGPT' moment. "In the second half of this year, during the World Cup, a large number of predictions may occur on decentralized markets like Polymarket. More broadly, if the traditional financial system faces a round of systemic adjustment, does wealth need a configuration direction that can hedge against single sovereign credit risks? Bitcoin might be the answer." "As a veteran in this industry since 2017, I have always been tearfully waiting for that 'ChatGPT' moment in the crypto space," Weng Xiaoqi said. "After the hot money exits, the true builders will remain."
Markets