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ZEC $502.94 -0.27%

bitget

Bitget was established in 2018 and is a cryptocurrency exchange and Web3 company. As of early 2024, Bitget provides services to over 100 countries and regions worldwide, helping more than 25 million users achieve intelligent trading transformations through leading copy trading and other trading solutions.
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Bitget stock token AUM surpasses 100 million USD, with a cumulative trading volume exceeding 670 million USD

Bitget announced that its stock token (rToken) product has surpassed $100 million in assets under management (AUM) one month after launch. As of July 6, the number of users participating in related asset trading has exceeded 100,000, with a cumulative trading volume of $671.37 million.In terms of asset distribution, rSPCX is currently the rToken with the highest TVL, accounting for 23.51%; rCSCO and rNVDA follow with 17.75% and 13.38%, respectively. Overall rankings indicate that early rToken demand is primarily driven by high-profile private market assets and technology-related targets, with AI infrastructure assets becoming a significant demand cluster, covering areas such as networking, chips, storage, and semiconductors.It is reported that rTokens, identified by the letter r + stock code (for example, NVIDIA is rNVDA), are issued by Reality, a licensed RWA protocol under Bitget, and are directly connected to global liquidity pools such as NASDAQ and NYSE through collaboration with compliant broker Alpaca. Their features include: 1:1 reserves of underlying assets managed by licensed custodians, stock dividends distributed in token form on a 1:1 basis, support for corporate actions such as stock splits and consolidations, and positions that can serve as joint collateral for unified accounts and U-based contracts, allowing users to flexibly manage funds while holding global stock assets.

Bitget CFD Chief Analyst: Expectations for interest rate hikes cool down, technical analysis will fully take over market trends

Today, Bitget CFD Chief Analyst Lewis Huang pointed out in an online live broadcast themed "Cooling Interest Rate Hike Expectations: Technical Analysis Takes Over Trends" that the current global financial market is at a critical juncture of alternating macro narratives and market trends. He emphasized that with the recent overall economic data being released, market concerns about the Federal Reserve maintaining an aggressive interest rate hike path have significantly cooled. Against the backdrop of weakening macro fundamental pressures, capital is seeking new directions, and market logic will gradually shift from "news-driven" to "technical-driven."Regarding the current market landscape, Lewis Huang stated that when macro expectations become consistent or stable, "technical analysis will reflect all market information." In the practical analysis segment of the live broadcast, he deeply dissected the latest chart structures of gold, U.S. stocks, and popular stock indices. He pointed out that due to the retreat of interest rate hike risks, non-yielding assets (such as gold) and risk assets (such as stock indices) are showing clearer technical boundaries. He suggested that CFD traders should temporarily reduce their reliance on macro data speculation at this stage and shift their trading focus to price action itself, leveraging key support and resistance levels and trend indicators to flexibly capture trading opportunities in swings and trends under changing market sentiments.
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