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01:54
Ceasefire news eases energy supply concerns, improved risk appetite drives strong rebound in Korean stocks and the won
Golden Ten Data reported on April 8 that after President Trump agreed to a two-week ceasefire deal with Iran, concerns over a prolonged global energy supply disruption eased and sparked a broad risk-on market sentiment, leading to a sharp rise in Korean assets. The benchmark Kospi Index at one point surged 6.2%, leading Asian stock markets and marking its fourth consecutive day of gains. Shares of chip giants Samsung Electronics and SK Hynix both soared more than 9%. Kospi 200 Index futures also rose more than 6%, triggering a temporary suspension of program trading by the exchange. The Korean won once climbed 1.9% against the U.S. dollar. Korea's 10-year government bond futures rose as much as 120 ticks, while the 3-year bond yield fell to 3.3%, as declining oil prices eased inflationary pressures and reduced expectations for a rate hike by the Bank of Korea. The Bank of Korea is scheduled to hold an interest rate decision meeting on Friday.
01:43
BBX: "Hashrate Clearance" and "AI Migration"—Bitdeer Enters the 9 J/TH Era as Mining Companies Sell Treasury Assets to Transform into HPC
According to BBX, yesterday global listed companies demonstrated an extremely ruthless realism in their approach to crypto treasuries and hardware infrastructure. Mining in 2026 will no longer be a bull market frenzy driven by blind expansion, but will instead evolve into a profound reshuffling centered on "extreme cost reduction" and "business migration": —Extreme hardware efficiency: Bitdeer Technologies Group (NASDAQ: $BTDR) launched the SEALMINER A4 series with 9.45 J/TH, reclaiming profit pricing power in the industry chain through its self-developed SEAL04 chip. —Business shift towards AI: MARA Holdings, Inc. (NASDAQ: $MARA), in partnership with traditional asset management and overseas data centers, is sparing no cost to convert mining farms into AI high-performance computing centers, causing structural loss of Bitcoin hashrate. —Network-wide hashrate contraction: In Q1 2026, network-wide hashrate recorded its first 4% decline in six years, signaling the complete end of the era of blindly deploying inefficient mining machines. —Treasury belief collapse: Riot Platforms, Inc. (NASDAQ: $RIOT) sold Bitcoin equivalent to 2.5 times its production, revealing the massive cash flow pressures faced by leading mining companies. —Compliance infrastructure moving downstream: Foundry Digital’s institutional-grade support for the Zcash (ZEC) mining pool shows traditional mining giants are searching for compliant high-margin alternative assets beyond Bitcoin. The market is clearly moving towards a dual trend of "involution in hashrate hardware manufacturing" and "fiat-ization of leading mining companies' balance sheets (AI transformation)." Source: bbx.com
01:40
Sky Protocol Proposes Two Major Structural Upgrades to Strengthen Capital Protection Framework
According to ChainCatcher, Sky Governance announced on April 7 that it has proposed two structural upgrade plans aimed at strengthening the protocol's capital protection framework. The two proposals are: implementing a stronger solvency buffer mechanism and adopting a more sustainable staking rewards model, with the goal of consolidating the protocol’s long-term stability and prioritizing credibility over short-term profit pursuit.
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