1.07M
1.86M
2025-04-26 04:00:00 ~ 2025-04-28 10:30:00
2025-04-28 12:00:00 ~ 2025-04-28 16:00:00
Total supply10.00B
Resources
Introduction
Sign is building a global distribution platform for good services and assets. Signatures, Sign's first product, allows users to sign legally binding agreements using their public key, creating an on-chain record of agreement to the terms of the contract. Sign's second product is TokenTable, which helps the Web3 project execute, track and enforce the project's use in distributing its tokens.
Defensive Rotation Signals Investor Caution Consumer staples have recently experienced a notable surge, reflecting a classic shift toward defensive investments—a move that reveals much about current market sentiment. So far this year, the sector’s ETF has gained over 13%, marking its fastest ascent since its inception nearly thirty years ago. However, this impressive performance is occurring amid an atmosphere of caution. While the S&P 500 hovers near record highs, it is the traditionally defensive sectors—such as energy, industrials, materials, and utilities—that are driving gains, rather than the growth stocks that usually fuel bull markets. Historically, when staples outpace the broader market, it often foreshadows periods of investor anxiety and has preceded market corrections or downturns. This defensive rotation is rooted in the current macroeconomic backdrop. The University of Michigan’s Consumer Sentiment Index stands at 56.4, a level typically associated with recessionary conditions. In uncertain times, investors gravitate toward the steady cash flows and reliable dividends that consumer staples offer. While this makes the sector attractive as a safe haven when growth stocks struggle, it has also pushed valuations to stretched levels, raising concerns for value-focused investors about the shrinking margin of safety. As a result of the rally, the sector’s forward price-to-earnings (P/E) ratio has surpassed 23, reaching heights not seen since the period before the dot-com bubble burst. For a sector known for stable but modest earnings growth, such a premium is difficult to justify based on fundamentals alone. Historically, similar valuation peaks have coincided with market tops, followed by sharp declines—staples stocks, for example, dropped nearly 40% from their highs between late 1998 and early 2000. The current outperformance of staples relative to the S&P 500 is a pattern that has often preceded market pullbacks. The market now faces a contradiction: the S&P 500’s strength suggests optimism, while the defensive rotation points to underlying concerns. For value investors, this environment calls for restraint, as the compressed margin of safety makes the sector’s traditional defensive appeal less compelling compared to the risk of a valuation reset. Valuation Pressures: Margin of Safety at Risk For those focused on value, the central issue is the margin of safety—which is now extremely limited. The sector’s forward P/E has climbed above 23, a level not seen since the lead-up to the tech bubble. More specifically, the S&P 500 Consumer Staples Sector P/E is currently 25.23, placing it well above its five-year average and categorizing it as “Expensive.” This elevated valuation is a primary concern. Consumer staples are typically characterized by slow, steady growth and stability, not rapid expansion. Yet, current prices seem to assume flawless execution. Earnings growth in the sector has been largely stagnant, and projections for 2026 show little improvement. When valuations reach such extremes, there is little room for disappointment—the market is effectively pricing in a perfect future, which is a risky proposition. History offers a clear warning: the last time staples traded at these lofty valuations, they suffered a nearly 40% decline from peak to trough. That severe correction followed a period of outperformance similar to what we see today. The main takeaway is that the current rally has driven valuations to a point where the sector’s usual defensive benefits have all but disappeared. For patient investors, today’s prices provide minimal protection against a potential market correction. Quality Businesses vs. Elevated Prices Consumer staples are attractive because of their strong economic moats—these are companies that sell essential products and generate dependable income even during economic downturns. Their long histories of dividend growth underscore this stability. For example, Procter & Gamble has raised its dividend for over 68 consecutive years, highlighting its pricing power and loyal customer base. This reliability is the foundation of the current defensive rotation, as investors seek predictability. However, the value of these high-quality businesses must be balanced against the price paid. The recent rally has squeezed this value equation. Part of the sector’s defensive rotation is a recovery from previous underperformance—staples lagged the S&P 500 in 2025, as markets favored AI-driven growth stocks. The current rebound may simply reflect the sector catching up after being overlooked, but a bounce from underperformance does not necessarily justify current high valuations. There are also significant challenges ahead. Changing consumer preferences are impacting certain categories, with concerns about the effects of GLP-1 weight-loss drugs on food and beverage sales, shifting alcohol consumption habits, and inflation pressures affecting lower-income consumers. These are not short-term issues—they represent ongoing headwinds for some staples companies. For instance, Procter & Gamble’s Q2 FY2026 results showed flat organic sales and a 6.5% year-over-year drop in operating income, with only modest earnings growth of 1-6% projected for the year. In summary, while the sector’s strengths—steady cash flows and long-standing dividends—are clear, the current price investors are paying leaves little margin for error. The defensive rotation may be a logical response to economic uncertainty, but it has resulted in valuations that assume perfection. For value investors, patience is essential until there is a more favorable gap between quality and price. Key Catalysts, Risks, and What to Watch For disciplined investors, it’s crucial to identify what could drive change in the sector. The main risk is a decline in valuations, which becomes more likely if earnings disappoint or if market sentiment shifts back toward growth stocks. Recent trends support this risk: Bank of America reported that clients withdrew funds from U.S. equities for the second consecutive week, with the largest outflows in six weeks, indicating that even defensive sectors are not immune to volatility. This instability suggests that if risk appetite returns, the premium paid for staples could quickly evaporate. The most important catalyst for the sector would be a meaningful improvement in consumer sentiment. With the University of Michigan’s index at 56.4, signaling recessionary conditions, demand for staples is currently supported by economic weakness rather than confidence. A true recovery in sentiment could justify higher valuations by boosting demand, but that is not the current reality. For now, the rally appears to be a defensive rebound rather than a re-rating based on fundamentals. Given the sector’s high valuations, investors should closely monitor earnings growth for any signs of slowdown among major companies. The elevated forward P/E assumes ongoing stability and modest growth; any negative surprises—such as Procter & Gamble’s recent flat sales and declining income—could disrupt the narrative. The market is not providing a cushion for mistakes. Track valuation metrics, especially forward P/E, for signs of peaking. Watch consumer sentiment indicators for improvement. Review quarterly results from leading staples companies for deviations from guidance. Until there is a wider gap between price and intrinsic value, patience remains the wisest approach for long-term investors.
Paramount Pictures Studio: Melrose Gate Photo credit: Al Seib / Los Angeles Times Streaming Drives Paramount Skydance's Growth Paramount Skydance is focusing its future on streaming, with Paramount+ showing strong performance and contributing to improved results in the fourth quarter of fiscal year 2025. Quarterly Financial Highlights Paramount reported $8.1 billion in revenue for the quarter ending December 31, a 2% increase from the same period last year. Streaming revenue surged by 10% to reach $2.2 billion. The filmed entertainment division saw a 16% rise in revenue, totaling $1.3 billion. Challenges in TV Media The television segment faced difficulties, with revenue dropping 5% to $4.7 billion. Traditional broadcast networks continued to lose subscribers, and advertising revenue fell by 10%, partly due to reduced political ad spending and the absence of the Big 10 championship, which was featured in 2024. Operating Loss and Restructuring Costs Paramount posted an operating loss of $339 million, which included $546 million in expenses related to restructuring and transactions from last year's merger with Skydance. Diluted losses per share were 52 cents, compared to 33 cents in the previous year. Leadership Perspective CEO David Ellison highlighted the company's achievements under his leadership, emphasizing that investments in the film studio, original programming, UFC, and enhancements to Paramount+ and its advertising technology are expected to drive further progress. "Although it's only been six months, we're pleased with the team's accomplishments so far," Ellison said during Wednesday's earnings call. "We anticipate even faster growth moving forward." Outlook for 2026 Paramount projects total revenue of $30 billion for 2026, representing a 4% increase over 2025. Streaming is expected to be the main engine of this growth, with additional contributions from the studio division. Acquisition Bid for Warner Bros. Discovery Executives declined to comment on Paramount's efforts to acquire Warner Bros. Discovery during the earnings call. In a letter to shareholders, Paramount expressed confidence in its independent strategy and growth path, but noted that acquiring Warner could accelerate its objectives and deliver greater economic value to shareholders. Further Details on Paramount's Offer Paramount recently raised its bid, offering $31 per share in cash to Warner Bros. Discovery investors, up from $30 previously. The company agreed to pay Warner $7 billion if the deal fails regulatory approval, an increase from the earlier $5 billion commitment. Paramount confirmed it would cover Warner's $2.8 billion termination fee owed to Netflix if Warner cancels its agreement with the streaming service. An additional "ticking fee" of $0.25 per quarter will be paid to shareholders after September 30 until the transaction closes. Paramount also committed to covering Warner’s potential $1.5 billion in financing costs related to a planned debt exchange. To address concerns about financing, Paramount agreed to provide extra equity funding if needed to meet solvency requirements set by PSKY's lending banks. Analyst Concerns Despite these moves, some analysts are questioning the wisdom of pursuing Warner, given Paramount's own struggles in the TV sector. John Conca of Third Bridge noted that the deal could double exposure to declining linear networks and create significant integration challenges.
The US President Donald Trump delivered a nearly two-hour State of the Union address on Tuesday the longest in US history touting economic gains, warning Iran against pursuing nuclear weapons, and defending his tariff agenda after a Supreme Court setback. Yet in a speech that touched on taxes, AI, housing, and healthcare, digital assets were entirely absent. All the Trumps Were There, but Not Crypto The omission is striking. All of Trumps children were in attendance, including sons Donald Jr. and Eric, who have been deeply involved in crypto ventures such as World Liberty Financial and various token launches. The president himself has repeatedly pledged to make the US the crypto capital of the planet. None of that made it into the address. Tariff Chaos and Sticky Inflation Keep the Fed on Hold For crypto markets, the most consequential signals were macro, not legislative. Trump called the Supreme Courts ruling striking down his emergency tariffs very unfortunate and vowed to maintain them under alternative legal authorities, insisting congressional action will not be necessary. But the rollout quickly turned chaotic. Trump first announced a 10% replacement rate, then revised it to 15% days later. Yet official documents show the lower rate took effect Tuesday with no directive to raise it. The EU suspended ratification of its summer trade deal on Monday; India deferred scheduled talks. Trump repeated his claim that tariffs could substantially replace income taxes. Economists call this implausible. The federal government collected $2.4 trillion in income taxes in 2024 but took in only about $300 billion from tariffs and must now refund roughly half of that under the court ruling. Also, US importers pay the tariffs, not foreign governments. On inflation, Trump claimed core inflation fell to 1.7% in late 2025. The reality is more complicated. The Feds preferred gauge core PCE accelerated to 3% in December, well above the 2% target. With inflation sticky and tariff policy unresolved, the Fed is widely expected to hold rates steady for the foreseeable future. The three-quarter-point cuts delivered late last year appear to be the last for some time. For risk assets, including crypto, the higher-rate environment persists. AI Gets Attention, Crypto Does Not While crypto went unmentioned, AI earned a dedicated segment. Trump announced a ratepayer protection pledge requiring tech companies to build their own power plants for data centers, acknowledging the grid could never handle surging demand. First Lady Melania Trumps AI legislation work was also highlighted a sign that AI policy occupies a far more prominent place in the administrations agenda than digital asset regulation. The Bottom Line Trumps record-length address was a midterm election pitch built on economic optimism. But for crypto participants, the takeaways are clear: no legislative momentum for digital assets despite the presidents family being neck-deep in the industry, unresolved tariff turmoil injecting macro uncertainty, and a Fed locked in place by sticky inflation. The conditions weighing on risk assets arent likely to change anytime soon.
The Pi Coin price is showing early signs of recovery, up almost 3% since today, as rare buying activity appears per exchange data. This comes as Pi Networks mainnet migration surged sharply, highlighting growing network participation. However, despite improving fundamentals and fresh accumulation, Pi Coin still faces a major technical breakdown risk. The coming days could decide whether the recent rebound strengthens into a recovery or turns into a deeper crash towards a new all-time low. PI Sees Rare Buying as Network Migration Surges 60% Pi Networks latest data shows a sharp increase in mainnet migrations. Mainnet migration is the process by which users move their mined coins from the app into the live blockchain, making them fully usable and tradable. Total migrations have now crossed 16.2 million, compared to 10.1 million recorded earlier in 2025, representing a surge of over 60%, relative to 2025. This shows more users are completing verification and joining the live network, strengthening Pi Networks ecosystem. Since the launch of Open Network, Pi has continued expanding across multiple dimensions of the ecosystemfrom KYC and Mainnet migrations to developer activity and overall network participation. These milestones reflect the steady progress made possible through the collective pic.twitter.com/rdYM0xFDlM Pi Network (@PiCoreTeam) February 24, 2026 At the same time, Pi Coin is seeing a rare shift in exchange flows. Exchange netflow recently turned negative by 305,547 Pi, over the past 24 hours, meaning more coins are leaving exchanges than entering. Exchange netflow measures the difference between deposits and withdrawals. Negative netflow usually signals accumulation. PI Netflows: PiScan Want more token insights like this?Sign up for Editor Harsh Notariyas Daily Crypto Newsletterhere. This is notable because Pi Coin has mostly seen consistent selling pressure in recent weeks. The shift suggests early accumulation may be starting just as network fundamentals improve. This rare buying activity could help stabilize Pi Coin after its recent decline, down 10% over the past week. Inverted Cup Pattern and Bearish Divergence Warn of Breakdown Risk Despite improving fundamentals, Pi Coins price structure still shows weakness. The chart currently shows an inverted cup and handle pattern, which is a bearish pattern where the price rises, peaks, and then slowly declines before a breakdown. Recently, Pi Coin rebounded about 7% from its latest low, forming the handle portion of this pattern. However, this recovery may only be temporary. Bearish Pattern: TradingView The Relative Strength Index (RSI), which measures momentum from 0 to 100, is showing a hidden bearish divergence. Between January 22 and February 24: Pi Coin price is currently forming a lower high RSI is forming a higher high RSI Hints At Bearishness: TradingView This mismatch signals weakening trend strength and often leads to further downside. If this bearish pattern confirms, Pi Coin could fall significantly. For immediate confirmation of the divergence, the next price candle must form under $0.166. The breakdown target sits at 32% if the divergence-led pullback breaks the cups neckline. This shows the technical risk remains serious despite improving fundamentals. Smart Money Activity and Key Price Levels Decide Pi Coins Next Move The only major support currently comes from smart money activity. The Smart Money Index tracks buying behavior from experienced investors. It helps identify whether strong hands are accumulating or exiting. Smart money began rising sharply on February 13, which helped Pi Coin rally nearly 54% in just two days. Pi Coin Sees Smart Money Interest: TradingView Although smart money weakened during the recent correction, it has not dropped below its signal line and is now trying to rise again. This suggests experienced investors may still be positioning for another rebound. For recovery to strengthen, Pi Coin must reclaim key resistance levels. The first major level is $0.187. Breaking above this level would show renewed strength. The next critical resistance is $0.207. A move above this level would invalidate the bearish pattern and confirm recovery. Pi Coin Price Analysis: TradingView However, if Pi Coin closes below $0.154 on a daily basis, the breakdown could be confirmed. This could push Pi Coin toward $0.108 initially (a new bottom) and possibly much lower if selling accelerates. For now, Pi Coin sits at a critical turning point. Growing Pi Network adoption and rare buying activity signal an early recovery. But technical weakness still threatens a deeper breakdown. The next move will likely decide Pi Coins direction for the coming weeks.
A version of this article originally appeared in Quartz’s Washington newsletter. Sign up here to get the latest business and economic news and insights from Washington straight to your inbox. Big Tech is a big winner when it comes to President Donald Trump’s tax law that Republicans unilaterally muscled through Congress. Google, Meta, Amazon and Tesla all belong to a cohort of large companies that are slashing their corporate tax bills this year as a result of the GOP tax law. It serves to provide a glimpse of how tax benefits are poised to flow to the largest companies, just as the Trump administration is touting bigger tax refunds for families that might look paltry by comparison. “We know from a macro perspective any company filing their income taxes in 2025 that engages in any amount of R&D or capital spending is going to see some pretty substantial tax breaks,” Matthew Gardner, a senior fellow at the left-leaning Institute of Taxation and Economic Policy who has reviewed securities filings, told Quartz Washington. He estimates that $51 billion in profits from the four companies will go untaxed this year. In this instance, Amazon stands out for merging swelling profits from one year to the next without paying more in federal tax. The company reported $89 billion in profits for 2025, a 45% jump from the prior year. Its 2025 tax bill, though, dropped to $1.2 billion from $9 billion in 2024. The effective tax rate amounted to 1.4%. Last week, Amazon appeared to try to head off the usual cascade of attacks from Democrats that have long pointed at the company as a clear-cut example of one paying rock-bottom taxes. “Last year Congress made changes to the tax code to encourage greater investment in the American economy, its innovation, and its workers,” the company said in a statement that accompanied the Securities and Exchange Commission filing. “Our tax bill this year reflects those changes by Congress.” The tax law’s knock-on benefits for AI Republicans in Congress delivered on one important item on corporate America’s wishlist that allowed companies to pay lower taxes to Uncle Sam: their ability to immediately deduct new domestic research and development spending from their tax bills instead of spreading them out over years. Proponents argue that the provision — known as bonus or accelerated depreciation — enables companies to frontload capital spending, therefore juicing overall economic growth. Trade groups like the Business Roundtable and the Chamber of Commerce intensely lobbied lawmakers to restore the provisions since it faded away in 2022. Previous attempts on Capitol Hill to revive the immediate deductions had faltered until last year, when Republicans prioritized it in unilaterally assembling their mammoth “One Big Beautiful Bill.” So-called “accelerated depreciation” will have significant, knock-on benefits in the artificial intelligence world as well, if it’s not already. Now it’s easier for companies to deduct AI-related spending and maintain a cash flow that sustains the spree for the foreseeable future. Servers, networking equipment like routers and switches, and cooling equipment all qualify for full expensing. Last year, Trump promoted accelerated depreciation as “the most important thing in the whole tax cut in terms of pure economics” in an AI policy speech. Take Meta. In a December earnings call, Meta chief financial officer Susan Li said the company “will recognize significant cash tax savings for the remainder of the current year and future years under the new law.” Meta reported in a recent security filing that accelerated depreciation slashed its federal tax obligations by $5 billion. The company announced in late January it planned to shell out $135 billion in capital expenditures this year, much of it devoted to constructing a network of AI facilities — nearly double the amount it spent in 2025. More runway has been built for the AI revolution, and Big Tech companies can thank Trump's latest tax law as a reason why. Only time will tell whether that was a wise move.
Europe, it’s time to level up your deposits! Deposit EUR via bank transfer or card, complete simple trades, and unlock up to 5 mystery boxes filled with exciting rewards. Promotion period: February 13, 2026 – March 16, 2026 How to participate Step 1: Use the Join Now button on the promotion page to register. Join Now Step 2: Complete the tasks below. Task 1: Make a bank deposit & trade any USDT pairs 1) Make a bank deposit Make a net deposit of ≥100 EUR via bank deposit. 2) Spot trade USDT pairs Trade ≥ 100 USDT in any USDT-quoted spot trading pair Reward: Receive 2 Mystery Boxes Task 2: Buy crypto with a credit card & trade USDT-quoted pairs 1) Buy crypto with a credit card Buy any cryptocurrency worth ≥ 200 EUR (or equivalent) using a credit card (Visa, Mastercard, Google Pay, or Apple Pay). 2) Trade any USDT-quoted pairs Trade ≥ 200 USDT in any USDT-quoted spot trading pair. Reward: Receive 3 Mystery Boxes Step 3: Grab your Mystery Boxes Each box contains a random reward, such as crypto tokens or rebate vouchers. For details, please refer to the promotion page. Maximum reward: 5 Mystery Boxes per user. Join Now Getting started >>> How to perform bank deposit (EUR) on Bitget? >>> How to buy crypto with a credit/debit card Terms and conditions To qualify, users must register for the promotion using their main account via the Join Now button and complete identity verification. This promotion is open to both new and existing users. Eligible users will share a 10,000 USDT promotion pool on a first-come, first-served basis, subject to reward quota limits. Net deposits are cumulative during the promotion period, and Mystery Boxes can be earned across multiple tasks. Each user is eligible to receive a maximum of 5 Mystery Boxes . For bank deposit tasks, users are required to perform full cash conversion (converting fiat to USDT) to be eligible for rewards. For buy crypto tasks, users may purchase any supported cryptocurrency using any supported fiat currency. Rewards will be credited to users' Rewards Center within three hours after task completion, subject to passing a risk review. Bitget reserves the right to disqualify users who perform wash trading, bulk registration of accounts, or trades that display attributes of self-dealing or market manipulation. Bitget reserves the right to the final interpretation of the terms and conditions, including but not limited to amending, changing, or canceling the promotion without prior notice. If you have any questions, contact Bitget customer support. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Over the past few years, the boundary between traditional finance (TradFi) and digital assets has narrowed at an accelerating pace. Crypto is no longer a fringe "alternative asset." It is now increasingly correlated with stocks, gold, and commodities. We have entered the era of hybrid trading. This convergence raises a fundamental question: What defines the boundary between crypto and TradFi? More importantly, should that boundary even exist? As a platform built for active traders, we believe users should not be constrained by market fragmentation. Success should not require juggling multiple apps or navigating artificial silos. Traders deserve the ability to execute cross-market strategies seamlessly within one single account. Driven by this vision, we initiated the Bitget UEX journey last February. Since then, we have built the infrastructure required to provide broader access to global assets, from on-chain liquidity to TradFi assets such as stocks, gold, and forex. Today, we are advancing this evolution by enabling crypto and TradFi trading side-by-side. For the first time, these asset classes can resonate in the same dimension. This move is not merely a response to market trends. It reflects our long-term commitment to building a more integrated financial ecosystem. In our strategic roadmap, TradFi represents an important component as we expand toward broader global asset access. The new standard of global liquidity This transformation is fueled by a fundamental shift in investor demand. Today's traders are no longer focused solely on isolated crypto positions. Many seek to deploy crypto liquidity to participate in global market opportunities and manage cross-market risk exposure. Concepts such as diversified portfolios, cross-market strategies, and streamlined hedging are becoming increasingly mainstream. The real-world asset (RWA) sector serves as a powerful case study for this growth. In 2024, global tokenized assets reached approximately $176 billion, with projections from BCG estimating growth beyond $16 trillion by 2030. To support this shift, we have integrated CFDs, stock perps, and stock tokens into a single, dedicated interface. Developed internally under the vision of a "Super App," this version provides "one-stop access to global liquidity." Our streamlined layout strips away complex hierarchies, ensuring that every asset transfer and market pivot feels instant, intuitive, and frictionless. "Super App", engineered for the ultimate trading experience The Bitget UEX TradFi interface aggregates the world's most vital financial assets into a single ecosystem. Whether you are capturing U.S. equity growth, navigating forex volatility, or hedging with gold and commodities, your entire portfolio now operates within a seamless, closed-loop USDs-denominated account. Core TradFi features include: CFDs: Access industry-leading liquidity depth and ultra-low slippage, all fortified by top-tier exchange security standards. Stock perps: Trade with premier liquidity and the industry's lowest fees. We offer up to 100x leverage to accommodate every risk profile. USDs settlement: Eliminate the friction of tedious currency conversions. Bridge the gap between crypto and TradFi with unprecedented capital efficiency. The true value of this evolution is the "total liquidity loop." By enabling users to transition from crypto to global asset allocation without switching apps, we have shattered the barriers of traditional brokerages. This empowers professional traders to "seize the moment" and maximize capital velocity for superior returns. The "Super App" journey As cross-market trading becomes the high-frequency standard, "low friction" is no longer a feature, but a requirement. We have fundamentally re-engineered our application's infrastructure layer through a disciplined, three-phase roadmap to ensure stability: The foundation: We integrated on-chain products to achieve seamless interoperability between CEX liquidity and the full spectrum of decentralized assets. The breakthrough: In Q3 2025, we introduced stock perps (via Ondo), successfully bridging high-quality traditional assets to the platform The realization: With the full rollout of CFDs this January, Bitget has completed its metamorphosis from a crypto-centric platform to a crypto and TradFi "Super App." For us, asset diversification isn't just about hedging crypto volatility; it's about empowering our users with a flexible, high-performance toolkit for the global stage. Hybrid trading: Crypto and TradFi Since introducing stock perps in July 2025, our TradFi module has undergone rapid iterations, fueled by a multi-fold explosion in cross-asset trading volume. The data confirms a fundamental shift: global market access is the new industry standard. Hybrid trading is the future, because it fulfills the core mandate of capital: to be instant, borderless, and efficient. As Bitget UEX bridges the gap between digital and traditional markets, our focus has shifted from simply adding assets to perfecting a seamless, frictionless, and deeply integrated UEX ecosystem. We are only at the dawn of this era. While other platforms will inevitably follow, Bitget is proud to be the architect of this path. As we move through 2026, the most pivotal year in our roadmap, our vision remains absolute: to put global asset trading at your fingertips, making every interaction intuitive, simple, and powerful. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Back to the list Is Cardano Attempting Another Price Reversal? 3 Reasons Bulls Could Still Lose beincrypto.com 20 m The Cardano price is up around 3% over the past 24 hours, trading near $0.26 at press time. This stands out as the broader crypto market remains mostly flat. On the chart, $ADA is starting to form a familiar rebound structure that has led to rallies before. But on-chain and derivatives data suggest this setup may lack strong backing. This creates a clear conflict between improving technical signals and weak investor conviction. Rebound Pattern Is Forming Again — Just Like In December Since early December, Cardano has been building a familiar structure. Between December 1 and February 11, $ADA made lower lows while the Relative Strength Index, or RSI, made higher lows. RSI measures momentum by tracking buying and selling strength. When the price weakens while the RSI improves, it indicates that selling pressure is fading. This is called a bullish divergence. It often appears near short-term bottoms. The same pattern formed between December 1 and December 31, 2025. At that time, $ADA printed lower lows, RSI made higher lows, and the price rebounded soon after. That rebound pushed Cardano up by about 32% before sellers returned. Reversal Setup: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Now, the structure looks similar again. On paper, this suggests that downside momentum is slowing. But technical patterns only work when large participants support them. This time, that support is missing. Whales and Derivatives Are Not Backing This Reversal Attempt The biggest difference between December and now is whale behavior. In December, large Cardano holders were accumulating aggressively. Wallets holding between 10 million and 100 million $ADA increased their supply from around 13.15 billion to nearly 13.5 billion. That steady buying helped fuel the rebound. This time, the opposite is happening. Since mid-January, these same whales have been reducing exposure. On January 14, they held around 13.67 billion $ADA. That figure has now dropped closer to 13.3 billion. The overall trend has shifted from accumulation to distribution. $ADA Whales"> $ADA Whales: Santiment Instead of preparing for upside, large holders are slowly exiting. That weakens the entire reversal structure. Derivatives data tells the same story. Open interest, which measures the total value of active futures positions, is far lower than it was in early January, when the Cardano price last peaked. On January 5, open interest peaked near $884 million. It is now close to $407 million, down more than 50%. Cardano’s Open Interest Dips: Coinglass This matters because strong rallies usually need leverage participation. When open interest is rising, it means traders are committing capital to directional moves. When it is falling, momentum tends to fade quickly. Funding rates are also only mildly positive. That shows traders are not aggressively betting on upside. Nor is there enough short leverage power to trigger a short squeeze. Funding Rate: Coinglass In simple terms, whales are not buying, and derivatives traders are not committing. That leaves the rebound dependent on spot buyers alone. Spot Flows Are Turning Negative, Keeping Pressure On the Cardano Price Spot market data explains why confidence remains weak. One key indicator is Exchange Netflow. This tracks whether coins are moving into or out of exchanges. When netflow is negative, coins are leaving exchanges, which usually suggests accumulation. When netflow turns positive, it shows increasing selling pressure. Between February 7 and February 11, Cardano saw mild outflows. That suggested some early buying interest. But on February 12 (post the divergence flashing on the chart), netflow turned positive again, with inflows near $1.16 million. That means traders have started moving $ADA back onto exchanges to sell. This shift is important. Spot Flows: Coinglass It shows that even short-term buyers are not committed. Instead of holding through the setup, they are taking quick exits. When spot selling returns this early, rebounds usually struggle. With whales absent, derivatives weak, and spot flows turning negative, conviction remains low. From a price perspective, $0.28 is now the first level that matters. A clean break above $0.28 would show that buyers are finally gaining control. If that happens, $ADA could attempt a move toward $0.32 and possibly $0.35 (a 30%+ upmove), similar to the December rebound’s size. But without stronger support, that scenario remains unlikely. Cardano Price Analysis: TradingView On the downside, $0.24 is the first key support. A sustained break below this level would expose $0.22. If $0.22 fails, the entire rebound structure would be invalidated. Right now, Cardano is caught between improving technical momentum and weakening investor confidence. The post Is Cardano Attempting Another Price Reversal? 3 Reasons Bulls Could Still Lose appeared first on BeInCrypto. Latest news Bitcoin layer-2 builders pitch BTCFi as the next institutional unlock coindesk.com 25 m Crypto price prediction today: Bitcoin, Ethereum, XRP eye CPI impact crypto.news 25 m Humanity Protocol (H) Jumps 15% in 24 Hours as Buyers Push Price Toward $0.165 thenewscrypto.com 27 m Bitcoin Trades Above $66,000 With Long-Term Indicators in Focus u.today 28 m ChatGPT sets Bitcoin price for Valentine’s Day 2026 finbold.com 31 m Can Bitcoin handle global economic uncertainty being worse than ever as it now doubles 2008 recession levels? cryptoslate.com 35 m Top 5 Cryptocurrencies
We're excited to share that the Bitget app has been upgraded, with the TradFi tab now available directly in the navigation bar. Designed with users at the core, this update delivers a faster, more intuitive trading experience — bringing our Universal Exchange (UEX) vision to life. This upgrade marks a pivotal step forward, reimagining how you navigate between crypto and TradFi. More than a feature launch, it represents our strongest commitment yet to the TradFi ecosystem. What changed? 1. A dedicated TradFi tab You can now access everything TradFi directly from the navigation bar with a single tap — no more navigating through multiple pages before placing a TradFi trade. Access CFDs, stock perps and stock tokens directly via this tab. 2. Futures moved to the Trade tab Futures are now located under the Trade tab, consolidating all crypto-related products in one place. From a single tab, you can easily access futures, spot, Onchain, margin, Earn, and more. What this means for you One intuitive hub: All TradFi products are now grouped under one dedicated tab, while all crypto products are consolidated under another. This streamlined navigation replaces chaotic app-hopping with intuitive flows—so you can focus on the markets, not the menus. Reduced friction: Every click matters. We've reduced the number of steps needed to access each product, so you spend less time hunting for features and more time trading. This is just the beginning of the Bitget UEX vision coming to life. Stay tuned as we continue rolling out more upgrades across the platform. Start trading TradFi now! Download the app and sign up today At Bitget, we are committed to democratizing finance through innovation, providing a secure, transparent, and high-performance platform for derivatives trading. Thank you for your support and trust in Bitget! Risk warning: Trading derivatives carries a high level of risk and may result in the loss of your invested capital due to market volatility. Please carefully assess your risk tolerance and trade responsibly. Your investments are made at your sole discretion. You are solely responsible and liable for the potential risks associated with your transactions. Bitget assumes no responsibility. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Activity: CandyBomb—trade ETH to share 41 ETH Promotion period: February 11, 2026, 13:00 – February 18, 2026, 13:00 (UTC) Join now Promotion details: Total ETH airdrop 41 ETH ETH spot trading promotion pool (all users) 41 ETH How to participate: Go to the CandyBomb page and use the Join button. Bitget will start calculating your valid activity data once you join successfully. Spot trading volumes with zero transaction fees will not be calculated towards candy allocation. Notes: 1. Participants must complete identity verification to be eligible for the rewards. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their airdrop if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim airdrop), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right to the final interpretation of the promotion. Contact customer service if you have any questions. 7. Rewards will be automatically distributed within one to three working days after the promotion ends. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The false dichotomy between stablecoins and CBDCs overlooks their shared DNA: programmable integrity. Summary Stablecoins vs. CBDCs is a false fight: They solve different problems — stablecoins excel at open, global liquidity, while CBDCs suit sovereign, privacy-sensitive public payments. Programmable money is the real prize: Both run on blockchains, enabling traceable, conditional, and efficient distribution of welfare, pensions, subsidies, and emergency aid. Digital sovereignty requires coexistence: Governments that harmonize stablecoins and CBDCs can preserve monetary control and stay competitive in cross-border finance. Ultimately, both stablecoins and CBDCs are programmable money that run on immutable ledgers to enhance auditablity and accountability. That’s why governments must adopt both to offer efficient services to their citizens, thereby maintaining national sovereignty and promoting global coordination. The polarized world of CBDCs and stablecoins Some governments and central banks have adopted a critical stance toward stablecoins. To begin with, central banks see stablecoins as instruments of currency substitution, as they directly compete with domestic fiat money. Central bankers in major emerging economies have cited IMF research to explain how stablecoins can challenge sovereign control over money supply and interest rates. Consequently, many regulators advocate prioritizing central bank digital currencies over privately issued stablecoins to maintain trust in sovereign money and preserve financial stability Further, as retail investors include foreign-currency-denominated stablecoins in their portfolios, capital flow management (CFM) would become increasingly challenging. Stablecoins are also expected to lead to bank disintermediation, higher credit costs, and a loss of seigniorage. Despite these criticisms, stablecoins currently hold a market cap of almost $316 billion. In the last year, stablecoins have done $46 trillion in total transaction volume ($9 trillion if bots and inflationary activity are filtered out). That is five times PayPal’s throughput and over half of Visa’s. Evidently, stablecoins have become a premier example of blockchain utility with clear product-market fit. Conversely, proponents of open decentralized networks have raised significant concerns regarding CBDCs. Public discourse rightly emphasizes the imperative of privacy. To achieve mass adoption, sovereign digital currencies must be architected to protect user data while maintaining regulatory compliance, turning privacy into a core feature rather than a trade-off. Critics have also pointed out that CBDCs lack transparency because they rely on centralized private blockchains that are closed to public verification. Critics further note that closed-loop networks may lack the public auditability required to fully establish trust in the system. The next generation of CBDC architecture is shifting from closed-loop systems toward verifiable, privacy-preserving frameworks to foster greater public trust. The traditional friction between centralized control and decentralized efficiency is dissolving. Forward-thinking regulators are now calibrating systems that merge the resilience of open standards with the stability of sovereign oversight. Despite these criticisms, the Atlantic Council think tank has reported that three countries have an active CBDC, 49 countries are in the pilot phase, 20 nations are currently developing the tech, and 36 countries areresearching it. It demonstrates that CBDCs are very much in fashion with governments and central banks. So, rather than prioritizing CBDCs over stablecoins or vice versa, governments must start acknowledging both since they serve different purposes. Governments would benefit by leveraging the underlying blockchain technology to offer both stablecoin and CBDC-based services for their citizens. Embracing blockchains and programmable money Certain government transactions require privacy and anonymity. For example, CBDCs are critical for confidential citizen support programs and aid distributions. Similarly, stablecoins can help distribute subsidies and welfare payments. Blockchains help efficiently issue and distribute government assets in accordance with predefined requirements. As programmable money, they can be optimized for recurring, high-volume asset distribution to large groups of recipients, such as pension holders and subsidy beneficiaries. Depending on requirements, governments can tokenize national digital currencies or welfare-program-specific benefit tokens, thereby providing both stablecoins and CBDCs as needed. Since legacy distribution channels frequently encounter friction and leakage, blockchain-based infrastructure ensures traceability and precise allocation. Governments can also pre-program the distribution based on identifiable attributes, such as age (for pensions), location (for agricultural subsidies), and status (for healthcare benefits). With blockchains, governments can more easily ensure that only verified, eligible citizens receive benefits. Such a comprehensive, financially inclusive framework guarantees privacy-preserving CBDC distributions and transparent stablecoin distributions for public benefits. Blockchains are thus the appropriate tech framework for governments to timely release funds and embed condition-based eligibility rules for payment. The programmability of stablecoins and CBDCs is thus necessary for governments to enforce policy decisions and achieve their goals by implementing them technically. Most importantly, since CBDCs and stablecoins run on blockchains, they help maintain an immutable record of all government transactions. Plus, on-chain metrics and analytics platforms help in real-time monitoring of fund distribution and ensure assets are utilized appropriately. Such a tech-based service delivery system enables automatic reconciliation of government-allocated budgets and provides complete transparency through publicly visible distribution data. This is essential for digital payments of social benefit schemes, pensions, emergency funds during national crises, and other subsidies in the agriculture, education, and healthcare sectors. As adoption data suggests, both stablecoins and CBDCs have found their respective clientele and are thriving in siloed ecosystems. It’s time to bring the two together under the ambit of government services for streamlined delivery. Governments often need to balance national interests while keeping cross-border transactions open for international cooperation. Stablecoins and CBDCs can help citizens gain immediate access to digital financial services and reduce friction in business, trade, and assistance programs. It’s time to stop the either-or approach to stablecoins and CBDCs and embrace both. Xin Yan Xin Yan is the Co-Founder and CEO of Sign, a global digital infrastructure company with five years of production deployments and has reached an evaluation of $1.3billion. Its systems support governments and regulated institutions in delivering secure, large-scale digital transformation, reaching more than 50 million people in production.
Bitget trading bot is launching the " Invest and Enjoy Equal Bonuses" promotion in February. During the promotion, users will receive position vouchers equal to their new bot investment, up to 5000 USDT. You can also compete on the bot trading volume ranking for a share of 300g of gold, with up to 50g per user. In addition, new users who register will receive a 100 USDT gold grid bot position voucher, allowing you to try grid trading with no minimum requirements. Register now Promotion period: February 10, 2026, 3:00 PM–February 26, 2026, 3:00 PM (UTC+8) Reward 1: 100 USDT welcome gift New trading bot users who register will receive a 100 USDT gold grid position voucher, with no minimum requirements to start grid bot trading and capture arbitrage opportunities. Reward 2: Invest and enjoy equal bonuses During the promotion, users who add their investment amount of at least 50 USDT to their trading bots, run the bot for 3 days, and execute at least one trade will receive a futures grid position voucher equal to their new investment, up to 5000 USDT per user. Example: When the promotion starts, Amy has 500 USDT invested in a spot grid bot. During the promotion, Amy creates a new spot grid bot with an investment of 1000 USDT and a new futures Martingale bot with an investment of 1000 USDT (meeting the running time and trading requirements). Amy will receive 2000 USDT in position vouchers. Reward 3: Share 50,000 USDT in airdrops During the promotion, all users can share 300g of gold (distributed as XAUT airdrops) based on their bot trading volume rankings. Higher trading volume qualifies users for higher rewards. Bot trading volume ranking Gold (g)/user 1 50 2–25 5 26–100 1 101–300 0.2 301–800 0.03 Tips: Trading bots include spot grid bots, spot Martingale bots, spot CTA bots, smart portfolio, spot auto-invest bots, spot position grid bots, futures grid bots, futures Martingale bots, futures CTA bots, futures signal bots, futures position grid bots, custodial bots, and funding rate arbitrage bots. Resources Spot grid trading crash course: How it works & grid bot setup guide Bitget futures grid trading: What, why & how it works Notes Users must register for the promotion with their main accounts. Reward 1 is only available to users who have never used the bot and have not used a bot position voucher. The vouchers of Reward 1 will be distributed within one day after registration, while the remaining rewards will be distributed within ten business days after the promotion ends. The new investment amount will be calculated based on a snapshot of each user's bot investment amount taken at the start of the promotion. Users can increase their investment by creating new bots or adding funds to existing bots. All invested base currencies will be converted to their USDT value. Investment amounts and trading volumes generated from position vouchers or stablecoin trading pairs (such as USDC/USDT) are not included in the calculation. Bitget reserves the right to the final interpretation of the terms and conditions of this promotion, including but not limited to the right to modify or amend promotion terms, or cancel the promotion at any time without prior notice. Contact us if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite their high growth potential. Users are strongly advised to conduct their own research and invest at their own risk. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
January Sees Sharp Rise in U.S. Layoffs, Reaching Levels Not Seen Since 2009 New reports reveal that job cuts across the United States soared in January, marking the highest number for this month since the aftermath of the 2009 housing crisis. According to data from Challenger, Gray & Christmas, employers announced 108,435 layoffs in January, more than doubling the total from the same period last year. It's common for companies to reduce staff at the start of the year as they realign budgets and workforce needs for the months ahead. Organizations most frequently cited the loss of business contracts, challenging economic and market conditions, and internal restructuring as the main drivers behind these job reductions. Industries Most Affected by Layoffs Challenger, Gray & Christmas identified the following sectors as experiencing the highest number of job cuts in January: Transportation: 31,243 layoffs Technology: 22,291 layoffs Health Care: 17,107 layoffs Chemical: 4,701 layoffs Media: 510 layoffs Several major corporations were responsible for significant portions of these reductions. Amazon, for example, announced plans to eliminate 16,000 positions, while UPS intends to cut 30,000 jobs this year. Andy Challenger, chief revenue officer at Challenger, Gray & Christmas, noted that the uptick in layoffs reflects a cautious outlook among businesses for 2026. Artificial Intelligence and Workforce Reductions Other companies, such as Pinterest and chemical giant Dow, have also announced layoffs, partly attributing the decisions to the integration of artificial intelligence into their operations. Challenger's report indicates that nearly 8,000 layoffs in January—about 7% of the total—were directly linked to AI adoption. Some analysts remain skeptical about the actual influence of AI on these job losses. Economists told CBS News that AI may sometimes serve as a convenient explanation for workforce reductions rather than the primary cause. Andrew Stettner, senior director for economic security at the National Employment Law Project, commented that while companies are investing in AI, it is not necessarily replacing workers at this stage. Labor Market Remains Resilient Despite Layoff Surge Despite the increase in layoffs, the national unemployment rate remains historically low at 4.4%. The Federal Reserve recently described the economy as growing at a "solid pace," though inflation continues to exceed its 2% annual target. However, recent indicators suggest a cooling job market, with job openings declining nationwide and more Americans applying for unemployment benefits. Initial jobless claims rose sharply to 231,000 for the week ending January 31, according to the latest labor statistics. Additional Insights and Perspectives Workforce analytics firm Revelio Labs reported a 64% jump in the number of employees receiving layoff notices between December 2025 and January. Still, Andrew Stettner emphasized that the current wave of layoffs does not necessarily indicate widespread economic trouble. For instance, the construction industry is thriving, fueled by the growing demand for AI services and the infrastructure needed to support them. Nonetheless, he described the localized layoffs as "worrisome."
We have officially launched the Bitget Global Fan Club recruitment program , inviting supporters worldwide to help build the Bitget ecosystem and amplify our impact through content creation, product experience, and promotion participation. Selected members will be officially recognized as Bitget Fans, who are co-builders actively contributing to the ecosystem's growth. Explore the details of the growth path for Bitget Fans and their corresponding perks. Join the Bitget Fan Club now The path to glory: tiered membership After joining the group and binding your Bitget user ID, your beginner status will be automatically unlocked. You may then progress through the tiers by increasing engagement. Level Title Upgrade task / status highlight Regular user Beginner Join the community and bind Bitget user ID Bronze Follow community updates, experience core products, or provide feedback. Silver Complete basic transactions, engage with the community, and actively share ideas. Fan Gold Maintain consistent trading activity and actively participates in community discussions and feedback. Diamond Make significant contributions in trading and continue to support the development of the Bitget ecosystem. Legend Record excellent contributors in trading, content creation, or community support to receive the highest honors and perks. Core dimensions of growth: Step by step Product use and in-depth experience Community engagement and content contribution Product feedback and co-build effort External exposure and influence Fan perk matrix: Comprehensive glory and incentives As a member of the Bitget Fan Club, your progress signifies a transformation in status and unlocks exclusive perks. Tiers and perks: 📊 Overview of tiers and perks Bitget Fan Club Gold Diamond Legend Identity badge ✅ ✅ ✅ Mystery Box of token airdrop ✅ ✅ ✅ Dedicated product feedback channel ✅ ✅ Top priority Credit marketplace ✅ ✅ ✅ Feedback adoption display ✅ ✅ Priority Content support ✅ Priority Top priority Preferred seasonal merch gift ✅ ✅ ✅ VIP1 trial pass ✅ ✅ ✅ Official Telegram account traffic support ✅ ✅ ✅ Exclusive merch / ✅ ✅ Decision-making power for community activities / ✅ ✅ Decision-making power in product orientation / / ✅ Web3 activity invitation / / ✅ Bitget's offline activities / / ✅ Official content partnership opportunities / / ✅ Rules Fan status and perks will be regularly reviewed and updated. Stay active to maintain your status. The rules are designed to be fair, transparent, enforceable, and verifiable. Bitget reserves the right to the final interpretation of the rules. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
We are thrilled to announce that Bitget has launched isolated spot margin trading for SENT/USDT. New listing promotion: To celebrate the listing of new coins, Bitget will randomly distribute spot margin interest vouchers or position vouchers to users. Spot margin interest vouchers can be used to offset part or all of the borrowing interest in margin trades. Position vouchers allow users to open margin trade positions without using their own funds. You can claim vouchers in the Coupons Center . References: Three steps to complete Bitget spot margin trading Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Activity: CandyBomb—trade to share 226,000 ARTX Promotion period: February 5, 2026,13:00 – February 10, 2026, 13:00 (UTC) Join now Promotion details: Total ARTX campaign pool 226,000 ARTX ARTX spot trading promotion pool (all users) 226,000 ARTX How to participate: 1. Go to the CandyBomb page and use the Join button. 2. Bitget will start calculating your valid activity data once you join successfully. 3. Spot trading volumes with zero transaction fees will not be calculated towards candy allocation. Notes: 1. Participants must complete identity verification to be eligible for the rewards. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their airdrop if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim airdrop), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right to the final interpretation of the promotion. Contact customer service if you have any questions. 7. Rewards will be automatically distributed within one to three working days after the promotion ends. 8. Some regions are unable to participate in CandyBomb due to compliance issues. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Bitget has recently unveiled the January 2026 Protection Fund Valuation Report. With the highest value over $630 million on January 14th and an average monthly valuation of $588 million, our Protection Fund highlights Bitget's dedication to safeguarding Bitget users. Bitget Protection Fund Valuation Status in January 2026: Highest value: $630 million (January 14th) Lowest value: $511 million (January 31st) Average value: $588 million In 2022, we launched the Bitget Protection Fund to ensure that user assets are fully protected. The fund initially had a size of US$300 million, and Bitget is committed to maintaining the fund's valuation above US$300 million. Visit Bitget Protection Fund for more details. In order to ensure the safety of our users' assets, Bitget has also launched the Proof of Reserves. Data is updated every month to ensure that we have at least a 1:1 reserve ratio for users' assets. Thank you for your continued support and patronage! Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
NEW YORK, Feb 5 (Reuters) - Wall Street's "Software-mageddon" has been snowballing. Now investors are debating whether it is time to warm up to the beaten-down stocks. The fallout for the software industry, which includes a handful of signature stocks of the recent bull market, reflects growing anxiety over the potential disruption caused by artificial intelligence, as investors increasingly divide the sector into perceived winners and losers. The volatility also comes as investors shed tech holdings for other market areas that have mostly lagged in recent years while investors await quarterly updates during the heart of corporate earnings season that could further shake asset prices. "The selloff, which arguably started last quarter, is a manifestation of an awakening to the disruptive power of AI...," said James St. Aubin, chief investment officer at Ocean Park Asset Management, Santa Monica, California. "Perhaps this is an overreaction, but the threat is real and valuations must account for that." The S&P 500 software and services index has tumbled 13% in just the past week, shedding more than $800 billion in market capitalization in that time, driven by sharp falls in companies including Intuit, ServiceNow and Oracle. Relative to the overall S&P 500, the software group put up its worst three-month performance as of Tuesday since May 2002, during the fallout from the dot-com bubble bursting, according to Evercore ISI equity strategists. Those steep declines have set off technical signals that could indicate at least a temporary bottom for the group, and some portfolio managers have been doing modest buying of the beaten-up names. Investors, however, hesitated to declare an all-clear sign. "There is some long-term value in these names and they are getting to a point where I feel they are looking more attractive," said Jake Seltz, portfolio manager at Allspring Global Investments in Minneapolis, who has been adding "at the margin" to some holdings including ServiceNow and Monday.com in recent months. Seltz said he was waiting for catalysts to buy more aggressively, such as software companies reporting strong AI-related product revenue or more announcements from enterprise customers that they are deploying such software. TURNING AWAY FROM TECH STOCKS Fears about the implications from a new tool from Anthropic's Claude large language model set off the latest bout of volatility, which has been compounded by disappointing earnings reports including from software giant Microsoft. The S&P 500 software index is down about 25% since its recent peak at the end of October -- a period that has seen the S&P 500 little changed. Options traders showed a lack of appetite for scooping up the battered software names. "This has been Software-mageddon," said Art Hogan, chief market strategist at B Riley Wealth. The steep declines for software names also comes during a broader market rotation away from technology names and into value and quality stocks in other sectors, such as consumer staples, energy and industrials, which until recently had been less favored than tech during the bull market that began in October 2022. "The right reason to sell these expensive companies is that there are other opportunities in things that are better valued and have more room to run, not because you’re panicking about a crash in software and tech companies,” said Jim Masturzo, chief investment officer at Research Affiliates. LOOKING FOR VALUE AFTER THE FALL Whether that value is now found in software is the debate facing investors. Among the biggest decliners so far this year are Intuit, ServiceNow, and Salesforce. Microsoft is the worst performer this year among the "Magnificent Seven" megacap stocks. Other sharp declines this week included technology and content company Thomson Reuters, which owns the Westlaw legal database and Reuters news agency. The software swoon meant the group was looking oversold on a technical basis, suggesting it was close to "at least a near-term bottom," said Walter Todd, chief investment officer at Greenwood Capital in South Carolina. His firm has done some modest buying of shares of ServiceNow and Microsoft in recent days. While not looking to "bet the farm" on software, "I do think it is starting to present value," Todd said. "I don't think this wholesale replacement of the existing software infrastructure for the AI solution in these situations is realistic." Brad Conger, chief investment officer at Hirtle, Callaghan & Co., said he has begun weighing potential purchases of shares including SAP, Adobe and Intuit that have been hit hard in the selloff. “You could argue that they are due a bounce.” But he added that he is not yet prepared to become a buyer at present levels as he is not “comfortable that they have reached a level where the worst threat is priced in." To some investors, the fallout was similar to the swift declines precipitated last year by the emergence of the low-cost Deepseek AI model, which led to questions about the AI financial ecosystem. "We are starting to get a better sense of what AI’s capabilities are, the market is doing some repricing, signaling less confidence in future software sales growth in an AI-driven world,” said Rene Reyna, head of thematic and specialty product strategy at Invesco. “Is it overdone? We can’t tell yet. But selling can beget more selling.” (Reporting by Lewis Krauskopf and Suzanne McGee, additional reporting by Chibuike Oguh, Chuck Mikolajczak and Saqib Iqbal Ahmed; editing by Megan Davies and Diane Craft)
Don’t miss your chance to win a brand new Marshall and USDT airdrops in 100% chance of winning lucky draw! Promotion Period: 2026-02-04 18:00 (UTC+8) to 2026-02-28 22:00 (UTC+8) How to participate: Step 1: Tap " Join Now" to register. Join Now Step 2: Deposit 1,500,000+ VND via Bank Deposit and hold that amount for 24 hours. Step 3: Grab your Mystery Box and reveal your reward. Getting started >>> How to Deposit VND on Bitget? - Website Guide >>> How to Deposit VND on Bitget? - Mobile APP Guide >>> Bank Deposit and Withdrawal: Limits,Fees, and Processing Times Terms and conditions To qualify, please register for the promotion with your main account via the Join button and complete identity verification. This promotion is open to all fiat users who deposit their balance via bank deposit. Users should maintain that amount for at least 1 day. After registering, your event net deposit is total deposits minus total withdrawals during the event period. Rewards are first-come, first-served and will not be reissued once the pool is exhausted. Winners will receive rewards in their Rewards Hub within 10 working days post-event, subject to a risk review. If any issues prevent the delivery of certain prizes, Bitget reserves the right to award winners an equivalent value in USDT. Bitget reserves the right to disqualify users who perform wash trading, bulk registration of accounts, or trades that display attributes of self-dealing or market manipulation. Bitget reserves the right of final interpretation of the terms and conditions, including but not limited to amending, changing, or canceling the promotion without prior notice. Contact us if you have any questions. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Don’t miss your chance to win a brand new Marshall and USDT airdrops in 100% chance of winning lucky draw! Promotion Period: 2026-02-04 18:00 (UTC+8) to 2026-02-28 22:00 (UTC+8) How to participate: Step 1: Tap " Join Now" to register. Join Now Step 2: Deposit 1,500,000+ VND via Bank Deposit and hold that amount for 24 hours. Step 3: Grab your Mystery Box and reveal your reward. Getting started >>> How to Deposit VND on Bitget? - Website Guide >>> How to Deposit VND on Bitget? - Mobile APP Guide >>> Bank Deposit and Withdrawal: Limits,Fees, and Processing Times Terms and conditions To qualify, please register for the promotion with your main account via the Join button and complete identity verification. This promotion is open to all fiat users who deposit their balance via bank deposit. Users should maintain that amount for at least 1 day. After registering, your event net deposit is total deposits minus total withdrawals during the event period. Rewards are first-come, first-served and will not be reissued once the pool is exhausted. Winners will receive rewards in their Rewards Hub within 10 working days post-event, subject to a risk review. If any issues prevent the delivery of certain prizes, Bitget reserves the right to award winners an equivalent value in USDT. Bitget reserves the right to disqualify users who perform wash trading, bulk registration of accounts, or trades that display attributes of self-dealing or market manipulation. Bitget reserves the right of final interpretation of the terms and conditions, including but not limited to amending, changing, or canceling the promotion without prior notice. Contact us if you have any questions. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Delivery scenarios