Search results for "EVERY"
14:28

Yilihua: Every pullback during a bull run is an opportunity to increase the position, but do not use leverage.

Odaily News LD Capital founder Yi Lihua stated on the X platform that every pullback in a bull run trend is an opportunity to increase the position, and there is no need to worry about being trapped. However, one must not use high leverage, as the rise cannot be a straight line. If BTC rises to $150,000, pulls back to $110,000, and then rises above $180,000, it is also a very normal upward trend route. Players using high leverage in between will become fuel, and it is better to focus on planning for off-market income.
More
BTC-2.87%
04:11
Golden Finance reports that, according to market news released by @peterizzo, El Salvador has been purchasing 1 Bitcoin every day for 1000 consecutive days.
BTC-2.87%
  • 1
13:11

James Wynn: believes that Arthur Hayes chasing the price is a top signal.

BlockBeats news, on August 11, James Wynn posted on social media that Arthur Hayes always sells at the bottom and buys at the top. Every investor must learn to think independently. No one can predict the market. But the secret to making big money is: always operate in reverse of the crowd. When Hayes chases the price, it is the best shorting signal. No offense intended, but this is clearly the influence of fear of missing out (FOMO) psychology.
More
FOMO2.02%
08:46

Action Education: Net profit of 131 million yuan in the first half of the year, a year-on-year decrease of 3.51%

Jin10 Data reported on August 11 that Action Education announced a revenue of 344 million yuan in the first half of 2025, a year-on-year decrease of 11.68%. The net profit was 131 million yuan, a year-on-year decrease of 3.51%. The company intends to distribute a cash dividend of 10 yuan (including tax) for every 10 shares to all shareholders, totaling a cash dividend of 119 million yuan (including tax), which accounts for 90.74% of the net profit attributable to the shareholders of the listed company for the first half of 2025.
More
00:58

JUV (Juventus Fan Token) rose 36.83% in the last 24 hours.

Gate News Bot message, on August 11, according to CoinMarketCap data, as of the time of writing, JUV (Juventus Fan Token) is currently priced at $1.51, having pumped 36.83% in the last 24 hours, with a high of $1.75 and a low of $0.99. The 24-hour volume reached $138 million. The current market capitalization is approximately $15.9 million, an increase of $4.29 million compared to yesterday. The Juventus Fan Token is the official fan token of the Italian football club Juventus. Founded in 1897, Juventus is a strong team in Serie A and international football, with 50 domestic championships and 11 international championship titles, including 2 UEFA Champions League titles. The club is known for its aggressive expansion and sustained competitiveness, making it a favorite for the championship every season. JUV token holders can participate in some of the club's decisions.
More
JUV14.67%
03:11

Chillguy image original author: will donate the 30,000 USD copyright income obtained from the Bags platform.

Odaily News Chillguy, the original author of the image, stated that he has received $30,000 in copyright income, which he will donate to the top charitable organizations mentioned in the comments. He emphasized that he does not hold any tokens and will not accept any tokens, as he does not wish to profit from the losses of others, and promised to donate the royalty income to different charitable organizations every week.
More
CHILLGUY-13.06%
15:04

KUSDT Perptual Futures are now live on Gate, supporting 20x Margin Trading.

Gate News bot news, according to the official announcement from Gate on August 8, 2025: Gate has officially launched KUSDT perpetual contract spot trading, using USDT for settlement. This contract supports 1-20x leverage trading, allowing users to go long and short. The funding rate settlement frequency for the contract is once every 4 hours. Users can trade KUSDT contracts through the perpetual contract trading interface on the Gate platform.
More
09:14

Gate launches MYX Perptual Futures, supporting 25x leverage for go long and shorting.

Gate News bot message, according to the official announcement from Gate on August 7, 2025: Gate has launched the MYX/USDT perpetual contract for real trading. This contract uses USDT for settlement and supports leverage of 1-25 times for long and short positions. The contract funding fee settlement period is every 4 hours. Users can choose the specific leverage multiple when trading to perform long and short trading operations of MYX perpetual contracts.
More
13:49

Only 85 rescue trucks enter Gaza every day, far below the daily demand of 600.

Jin10 data reported on August 6: The media office of Gaza announced on August 6 that since Israel declared on July 27 that it would allow relief supplies to enter Gaza, only 853 relief trucks have entered the Gaza Strip in 10 days, averaging only 85 trucks per day. The office pointed out that at least 600 trucks loaded with relief supplies and fuel are needed daily in the Gaza Strip to meet the minimum requirements in health, public services, and food sectors. The office called on the international community to take urgent action to ensure that aid supplies can enter Gaza as needed and in a timely manner to alleviate the worsening humanitarian crisis.
More
08:37

SoarFun million dollar deposit prize pool is open, first deposit & second deposit rewards fully upgraded.

SoarFun has launched an upgraded event with a prize pool of 1,000,000 $USDT. Sign up for a bonus, and deposit for an additional bonus. The first deposit of 10U gets an extra 10U, and the second deposit of 100U gets an extra 100U. Supports one-click registration/log in with Google, and has introduced a personal rebate feature, with rewards for every transaction and double earnings for sharing.
More
22:11

Central Bank of Chile: Plans to start accumulating 18.5 billion USD in International Reserves

Jin10 data reported on August 6, the Central Bank of Chile: will launch an international reserve accumulation plan in the next three years, with a maximum daily accumulation of 25 million USD. This measure is part of the financial management strategy, aimed at gradually replacing part of the existing foreign currency credit lines with the country's international reserves. The plan will be launched on August 8, and is expected to accumulate about 18.5 billion USD over three years. The measure will be reviewed every six months, and adjustments may be made if there are significant changes in market conditions. This measure is in line with the inflation targeting system and the floating exchange rate system.
More
  • 1
11:58

Tether CEO: 40% on-chain fees are used to send USDT

Daily News Odaily News stablecoin issuer Tether CEO Paolo Ardoino stated on the X platform that 40% of on-chain fees are used to send USDT, including Ethereum, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, and Optimism, with millions of people in emerging markets using Tether's digital dollar every day.
More
07:37

Analyst: Kugler's timing of resignation is nothing short of the worst.

Jin10 Data, August 4 - Peter Andersen, founder of Andersen Capital Management, stated that every data detail and every statement from U.S. federal officials is being overly scrutinized, which only exacerbates market tension and does not help investor decision-making. Although Kugler had not been active previously, this (Kugler's resignation) is still very interesting, and the timing of the announcement can be considered the worst. This undoubtedly indicates that there will be some substantial changes in the future, but it is uncertain how much change the market can bear. There are currently too many variables, complicating the already challenging situation for investors.
More
  • 1
01:14

HEI (Heima) rose 16.72% in 24 hours

Gate News Bot news, August 4th, according to CoinMarketCap data, as of the time of writing, HEI (Heima) is currently reported at $0.47, with a rise of 16.72% in the last 24 hours, peaking at $0.48 and dropping to a low of $0.35. The current market capitalization is approximately $35.7 million, an increase of $5.12 million compared to yesterday. Heima is a one-stop cross-chain trading solution. HEI achieves unlocking all chains with a single account through chain abstraction technology, allowing users to freely pay with any token or Gas. The project aims to simplify cross-chain trading and empower every DEX. Heima's modular SDK and API help to launch and scale projects faster. It adopts a decentralized architecture using TEE and SMPC to ensure the security of user funds and provides real-time cross-chain token information API and optimal trading routes.
More
HEI-7.04%
15:48

Grayscale: BTCC and BPI dividend distribution period adjusted to once every two weeks.

According to ChainCatcher news, Grayscale announced that starting today, the dividend distribution period for Grayscale Bitcoin covered call options ETF (code: BTCC) and Grayscale Bitcoin premium yield ETF (code: BPI) will be adjusted from monthly to bi-weekly. The dividend dates for both funds will be on the 15th and 30th of each month, with specific dates subject to standard business day practices.
More
BTC-2.87%
  • 1
  • 1
12:16

Analysts: U.S. cryptocurrency ETFs raised $12.8 billion in July, setting a new historical record.

PANews, August 1st news - Bloomberg ETF analyst Eric Balchunas stated on the X platform that in July, US Crypto Assets ETFs attracted $12.8 billion, setting a record for the best single month in history, with funds being attracted at a rate of $600 million per day, which is about twice the average level. Overall, the amount attracted exceeded that of any single ETF, even the strong VOO could hardly reach it. Moreover, every ETF in this category (excluding converted trusts) had inflows, with contributions from Bitcoin and Ethereum being comparable.
More
BTC-2.87%
ETH-3.09%
  • 1
08:45

NAORIS will open USDT Perptual Futures trading on Gate, with a maximum leverage of 20x.

According to Gate News bot, the official announcement from Gate on July 31, 2025. Gate has officially launched the NAORIS/USDT perpetual contract spot trading. This contract uses USDT for settlement and supports leverage trading of 1-20 times. The trading parameters indicate that this contract supports both long and short positions, with a funding rate settlement frequency of once every 4 hours. Users can choose the specific leverage multiple when placing an order.
More
NAORIS-19.35%
05:13

MSTR (MSTR2100) 24-hour pump 2.00%

Gate News Bot News, August 1, according to CoinMarketCap data, as of the time of writing, MSTR (MSTR2100) is currently priced at $0.24, having risen 2.00% in the last 24 hours, with a high of $0.27 and a low of $0.21. The current market capitalization is approximately $4.95 million, an increase of $97,300 compared to yesterday. MSTR2100 is a Bitcoin meme token inspired by Michael Saylor and MicroStrategy. The project claims to have established a community-funded strategic Bitcoin reserve aimed at matching every satoshi held by Strategy. MSTR2100 signifies that it will continue to mimic all of Saylor's future Bitcoin purchases, having currently acquired 555,450 satoshis. The project defines itself as
More
BTC-2.87%
03:27

IKA(IKA)stake Mining event log in Gate Launchpool, stake GT or IKA to share 12 million IKA rewards

According to the Gate News bot message, the Gate announcement on August 1, 2025: Gate will launch the 295th phase of the Launchpool project for the IKA token airdrop event. This airdrop event will take place from August 1, 2025, 20:00 to August 16, 20:00 ( UTC+8 ), with a total airdrop amount of 12,000,000 IKA tokens. Users can participate in mining by staking GT or IKA, and the system will distribute rewards every hour based on the proportion of users' staked assets. IKA is a high-speed parallel MPC network project coordinated with Sui. This airdrop adopts a 100% instant unlock method, allowing users to stake assets in advance to receive benefits as soon as the project starts. Gate Labs states that it has not participated in the IKA project investment.
More
IKA-3.47%
GT-1.11%
10:20

Juchip Technology: Cash dividend of 0.23 yuan per share (tax included), and a bonus issue of 0.20 shares per share.

Jin10 data reported on July 31, Juchip Technology announced that it will distribute a cash dividend of 0.23 yuan per share (tax inclusive) to all shareholders, and will increase the share capital by converting capital reserves to distribute 2 additional shares for every 10 shares held by shareholders. Based on this calculation, the company plans to distribute a cash dividend of 33,385,932.90 yuan (tax inclusive) and a total of 29,031,246 shares will be increased. After this increase, the company's total share capital will rise to 175,167,650 shares. The equity registration date is August 6, the ex-dividend (interest) date is August 7, the listing date for the newly added unrestricted tradable shares is August 7, and the cash dividend distribution date is August 7.
More
10:13

Gaming Guild Zentry: Currently holds over 12,000 ETH.

Golden Finance reports that the blockchain gaming guild Zentry (formerly GuildFi) has disclosed its strategic Ethereum reserve data on platform X, stating that it currently holds over 12,000 ETH and will subsequently promote ETH as the core of its treasury, holding ETH in every cycle.
More
ZENT-5.06%
ETH-3.09%
04:51

GalaChain has achieved a milestone cooperation with Shrapnel, gaining access to a trusted copyright chain.

ChainCatcher news, Gala announced today that GalaChain has achieved a milestone collaboration with Shrapnel to gain access to the Trusted Copyright Chain (TCC). This breakthrough provides a cross-border pathway to non-fungible tokens (NFT) for approximately 600 million players in the world's largest gaming market. This cooperation brings funding to Shrapnel, and in the future, every cross-chain transfer in the game will consume Gala Tokens.
More
GALA-10.02%
  • 11
10:39

Gate Launchpool launches Aleo( ALEO) staking event, where staking ETH or ALEO can share 77,942 Tokens.

According to the Gate News bot message and the official announcement from Gate on July 30, 2025: Gate will launch the 293rd Launchpool project from 20:00 on July 31, 2025 to 20:00 on August 3, 2025 (UTC+8). This project is Aleo (ALEO). Users can participate in mining by staking ETH or ALEO, with a total reward pool of 77,942 ALEO tokens. The system will distribute rewards every hour based on the percentage of user stakes. Aleo is a developer platform focused on privacy, utilizing zero-knowledge cryptography to move smart contract execution off-chain, aiming to build fully private, scalable, and cost-effective applications. The platform is capable of supporting thousands of transactions per second.
More
ALEO-1.27%
ETH-3.09%
  • 2
  • 1
09:31

Binjiang Group: A cash dividend of 0.82 yuan per 10 shares (tax included)

Jin10 data reported on July 30, that Binjiang Group announced a cash Dividend of 0.82 RMB (tax included) for every 10 shares to all shareholders, based on a total share capital of 3,111,443,890 shares as of December 31, 2024. No bonus shares will be issued, and no capital increase will occur. The remaining undistributed profits will be carried forward to future years. If the total share capital of the company changes when the Dividend distribution plan is implemented, the distribution ratio will be adjusted according to the principle of maintaining the total distribution amount. The equity registration date for this distribution is: August 6, 2025, and the ex-dividend date is: August 7, 2025.
More
07:43

Gate launches the first on-chain coin earning exclusive event, stake GT to share a prize pool of 100,000.

According to the Gate News bot message, on May 30, 2025, the official announcement from Gate: Gate will hold its first GT staking reward event for users participating in on-chain earning. The event will take place from May 30, 2025, 18:00 to June 27, 2025, 18:00 (UTC+8). According to the event rules, users who participate in the on-chain earning activity for the first time can participate in the prize pool distribution based on their staking amount after completing GT staking. The total staking amount of all users during the event period will determine the final prize pool size, which can reach up to 100,000 GT. The event will be settled every Friday (June 6, 13, 20, 27). Rewards will be distributed based on the proportion of the user's average GT mining holding amount to the total holding amount, and will be issued in GT form within 5 working days after settlement. This event is only open to users who have completed real-name authentication and are using on-chain earning financial management for the first time.
More
GT-1.11%
15:15

Pyth Network has launched real-time on-chain price data for 85 Hong Kong stocks.

PANews, July 29 - According to Cointelegraph, the decentralized oracle network Pyth Network has recently launched real-time on-chain price data for 85 major stocks in Hong Kong, covering a total market capitalization of approximately $3.7 trillion in the Hong Kong stock market. This data comes directly from institutional-grade trading venues and is updated every 400 milliseconds, accessible on over 100 blockchains. Pyth Network stated that this move breaks the previous limitations of obtaining Hong Kong stock data through expensive terminals or latency services, providing support for developers to build a new generation of financial products.
More
PYTH-8.42%
14:39

Analysis: Every 1 trillion USD of stablecoin may generate a net demand for 100-300 billion USD of US Treasury bonds.

Odaily News Institutions research indicates that the broader application of payment stablecoins is expected to drive up the net demand for U.S. Treasuries and other high-quality liquid assets (HQLA). Although the specific scale of the new net demand remains to be observed, it is estimated that every $1 trillion in stablecoins could generate a net demand of $100-300 billion for U.S. Treasuries. (Financial Associated Press)
More
11:13

Gate has launched NERO Perptual Futures trading, supporting 20x leverage for go long and shorting.

Gate News bot message, according to the official announcement from Gate on July 28, 2025: Gate has launched NERO/USDT perpetual contract spot trading. This contract supports USDT settlement, and users can choose 1-20x leverage for long and short positions. The contract funding rate settlement frequency is set to once every 4 hours. This perpetual contract is open for trading in the Gate contract trading area.
More
NERO0.19%
10:33

Huamao Co., Ltd.: Implementation of Dividend Distribution for the Year 2024

Jin10 data reported on July 28 that Huamao Co., Ltd. announced that the profit distribution plan for the year 2024 is as follows: based on the total share capital of the company of 944 million shares as of December 31, 2024, minus the 30.1136 million shares held in the company's repurchase special securities account, a cash dividend of 1 RMB (tax included) will be distributed to all shareholders for every 10 shares held, with a total cash dividend amount (tax included) of 91.3551 million RMB. The equity registration date is August 5, 2025, and the ex-dividend date is August 6, 2024.
More
  • 2
04:37

Wang Feng, founder of Blueport Interactive: The institutionalization of Bitcoin and Ethereum is an inevitable trend, and stablecoins will enter all sub-sectors.

According to BlockBeats news, on July 25, Wang Feng, the founder of Blueport Interactive (@wangfeng0128), published an article explaining the motivation behind the establishment of LK Crypto. Wang Feng stated that the institutionalization of Bitcoin and Ethereum is an inevitable trend, and stablecoins will eventually enter all enterprises or niche industries. The tokenization of stocks will not only merge coin and stock but ultimately will be treated as coins. Furthermore, Wang Feng predicts that the next step is that every company, not just publicly listed ones, will organize crypto business teams. In the field of Crypto Assets, market and technical talents will be fiercely competed for with high salaries, similar to AI talents. On July 16, Blueport Interactive established the LK Crypto division to manage the company's mainstream crypto assets and accelerate the layout of Web3 and RWA.
More
BTC-2.87%
ETH-3.09%
02:27

ASP Perptual Futures are now available for trading on Gate, supporting 20x leverage for go long and shorting.

Gate News bot message, according to the platform announcement on July 25, 2025. Gate has announced the launch of ASP/USDT perpetual contract trading. This contract supports 1-20 times leverage for long and short positions, with the settlement currency being USDT. The contract funding rate will be settled every 4 hours, and users can choose the specific leverage multiple during trading.
More
ASP-1.55%
02:11

CATTON (Catton AI) rose 86.80% in the last 24 hours.

Gate News Bot reports, on July 25, according to CoinMarketCap, as of the time of publication, CATTON (Catton AI) is currently priced at 0.0000000749 USD, with an 86.80% pump in the last 24 hours, reaching a high of 0.0000001158 USD and a low of 0.0000000166 USD. The trading volume in the last 24 hours is 278,300 USD. Current market capitalization data is lacking. Catton AI is a platform that combines legendary IP with AI NPCs. Its mission is "to provide an AI-driven gaming experience for every player." By integrating AI agents and leveraging IP memes, Catton AI redefines the interaction between players and intelligent NPCs, which can adapt behaviors, provide personalized challenges, and create dynamic gameplay, positioning itself as AI.
More
  • 6
  • 1
13:24

Gate has launched MUSDT Perptual Futures, supporting 20x leverage for go long and shorting.

According to the Gate News bot, on July 7, 2025, the official announcement from Gate stated that Gate has launched MUSDT Perptual Futures spot trading, supporting USDT Settlement. The Perptual Futures contract supports 1-20x leverage for long and short positions, and users can choose the leverage ratio when placing orders. The settlement period for the contract funding rate is every 4 hours. The newly launched MUSDT Perptual Futures is an expansion of the platform's existing Perptual Futures offerings, providing users with new trading options.
More
03:55

HEI (Heima) rose 25.43% in the last 24 hours

Gate News Bot message, July 23, according to CoinMarketCap market data, as of the time of writing, HEI (Heima) is currently priced at $0.44, with a rise of 25.43% in the last 24 hours, reaching a high of $0.45 and a low of $0.31. The current market capitalization is approximately $33.4 million, an increase of $6.77 million compared to yesterday. Currently, HEI ranks 724th in global Crypto Assets market capitalization. Heima is a one-stop cross-chain trading solution. It achieves the functionality of unlocking all chains with a single account, allowing arbitrary token payments and cross-chain transactions through chain abstraction technology. Heima aims to simplify cross-chain trading and empower every DEX. The project employs TEE and SMPC technology to ensure the security of user funds, and provides real-time token information API and optimal trading route functionality. Heima's modular architecture supports unified.
More
HEI-7.04%
  • 1
09:25

Yooldo Games(ESPORTS) will launch a staking event on Gate Launchpool, where staking BTC or ESPORTS will allow participants to share 800,000 Tokens.

Gate News bot message, according to the announcement from Gate platform on July 21, 2025: Gate will launch the 286th Launchpool project Yooldo Games (ESPORTS) token staking mining event. The event will run from July 21, 2025, 20:00 to July 25, 20:00 ( UTC+8 ). Users can share a reward of 803,571 ESPORTS tokens by staking BTC or ESPORTS. Yooldo is a multi-chain Web3 gaming platform that simplifies user experience through an interface similar to centralized exchanges, supporting multiple chains such as Ethereum, Linea, and BNB. The project has received support from institutions like Consensys and Linea, and has won over 10 hackathon competitions since 2021. The event will distribute rewards every hour, and all rewards will be 100% unlocked. It is reported that Gate Labs did not participate in the investment of Yooldo Games (ESPORTS).
More
ESPORTS-12.65%
GAMES-4.77%
BTC-2.87%
08:29

ZKWASM(ZKWASM) stake activity log in to Gate, stake USDT to share in airdrop of 500,000 tokens

Gate News bot message, according to Gate's announcement on July 21, 2025: Gate will launch the 285th Launchpool project ZKWASM (ZKWASM) token mining event. This event will take place from July 22, 2025, 20:00 to July 29, 20:00 ( UTC+8, during which users can stake USDT and ZKWASM to share a total reward of 500,000 ZKWASM tokens. ZKWASM is the world's first open-source virtual machine developed by Delphinus Lab that supports generating zero-knowledge proofs for WebAssembly. The project supports verifiable off-chain computation and builds a modular rollup architecture, receiving support from top investment institutions including Binance Labs and HashKey Capital. The system will distribute token rewards every hour based on the user's staked asset ratio. The exclusive staking pool for new users is only available to users who register after 08:00 UTC+8 on July 20, 2025, ).
More
ZKWASM-8.58%
  • 1
  • 1
07:52

Neonneko(NEKO) is about to log in to Gate Launchpool. Stake GT or NEKO to share 750,000 NEKO Tokens.

Gate News bot message, according to the official announcement from Gate on July 22, 2025: Gate will launch the 288th period of the Launchpool project Neonneko (NEKO) token staking mining event. This event will take place from July 22, 2025, 18:00 to July 25, 18:00 ( UTC+8 during which users can participate by staking GT or NEKO tokens, with a total airdrop reward of 750,000 NEKO tokens. NeonNeko is a gamified community project based on the Solana blockchain, dedicated to redefining the Web3 gaming experience by integrating gameplay with NFTs. The project emphasizes community participation, allowing players to contribute to the development direction of the ecosystem. The system will distribute NEKO token rewards to participants' spot accounts every hour based on the proportion of the user's staked assets, and all rewards will be 100% unlocked. Gate Labs declares that it did not participate in the investment of Neonneko )NEKO(.
More
NEKO54.01%
GT-1.11%
  • 2
19:20

Hamas claims that Israel imposes ceasefire conditions through military pressure.

Jin10 data reported on July 22, local time, on the evening of July 21, the Palestinian Islamic Resistance Movement (Hamas) issued a statement indicating that in the context of the Israeli military's ongoing military operations in the Gaza Strip, Hamas is making every effort, day and night, to engage with the relevant mediators in order to end the suffering of the people in Gaza, stop the famine, and terminate the conflict. This is the top priority of the Hamas leadership. The statement pointed out that the Israeli military is extorting Hamas by perpetrating massacres against the Palestinian people, imposing unacceptable conditions on Hamas at the negotiating table.
More
  • 7
01:34

Cooper Research: Each additional purchase of 10,000 BTC in the ETF can push the average price up by 1.8%, potentially rising to $150,000 in October.

A report from research firm Cooper Research indicates that as investors flock to Bitcoin ETFs, the price of Bitcoin is expected to rise. Data shows that for every increase of 10,000 BTC in ETF holdings, the price rises by an average of 1.8%. Analysts believe that Bitcoin will gradually rise significantly, potentially reaching $140,000 in September, and rising to $150,000 as early as the beginning of October.
More
BTC-2.87%
  • 22
12:32

Data: The money spent on purchasing Bitcoin every time a new iPhone is released has now yielded a profit of $242 million.

Odaily News Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor retweeted on the X platform, stating that if instead of purchasing a new iPhone each time it is released, one instead uses the same price to buy Bitcoin, the current profit could reach 242 million USD. The BTC price of the iPhone has been used by the crypto community to measure Bitcoin's purchasing power benchmark, allowing investors to understand the value proposition of crypto assets by comparing the Bitcoin price of iPhones from previous years.
More
BTC-2.87%
  • 2
  • 1
02:09

Wall Street's big short warns: the corporate Bitcoin treasury craze is repeating the SPAC-style bubble risk.

BlockBeats news, on July 18, according to DL News, Wall Street's well-known short seller Jim Chanos has sounded the alarm on the heated phenomenon of corporate Bitcoin treasuries. Chanos likened it to the frenzied SPAC (special purpose acquisition company) wave of 2021—when $90 billion was raised in just three months, only to end in a disastrous collapse. But this time, the difference is that public companies are purchasing Bitcoin through the issuance of Convertible Bonds and preferred stock, without engaging in any substantial business. "What we are seeing in the Bitcoin treasury market now is strikingly similar to the madness of SPACs in 2021," Chanos said this week on a podcast, "Almost every day there are significant announcements—'hundreds of millions every night.'"
More
BTC-2.87%
Load More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)