Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

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

banner
Flash
03:58
OCBC Bank warns: Safe-haven assets set to surge, risk currencies face initial volatility
⑴ Strategists at Singapore's OCBC Bank stated that this crackdown has increased the geopolitical risk premium, and the market will face this situation before the opening on Monday. The short-term reaction can be roughly anticipated: safe-haven assets such as gold may see upside potential, and oil prices may also rise due to concerns over supply disruptions. ⑵ Risk assets and highly volatile currencies may experience initial fluctuations, especially if news reports indicate possible retaliatory actions or regional chain reactions. The market is closely monitoring further developments.
03:53
Rystad Energy warns: If the Strait of Hormuz is blocked, global supply will drop by 10%
⑴ Jorge León, Senior Vice President and Head of Geopolitical Analysis at Rystad Energy, warned that although alternative Middle Eastern facilities can be used to bypass the Strait of Hormuz for transportation, the net effect would still be equivalent to an effective reduction of 8 to 10 million barrels per day in crude oil supply, accounting for about 8% to 10% of the global total demand of 100 million barrels per day. ⑵ León pointed out that if the risk of disruption to the Strait persists, countries with strategic petroleum reserves may take action to release their inventories. Unless there are rapid signs of easing, oil prices are expected to see a significant increase early this week.
03:44
Data: XRP spot ETF saw a net inflow of $9.55 million this week
ChainCatcher News, according to SoSoValue data, during this week's trading days, the net inflow of XRP spot ETF was 9.55 million US dollars. The XRP spot ETF with the highest net inflow this week was Bitwise ETF XRP, with a weekly net inflow of 5.8079 million US dollars. The historical total net inflow of XRP has reached 370 million US dollars. Next is Franklin ETF XRPZ, with a weekly net inflow of 3.001 million US dollars, and the historical total net inflow of XRPZ has reached 333 million US dollars. As of press time, the total net asset value of XRP spot ETFs is 983 million US dollars, and the ETF net asset ratio (market value as a proportion of XRP's total market value) has reached 1.19%. The historical cumulative net inflow has reached 1.24 billion US dollars.
News