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1Bitget Daily Digest (7.11)｜BTC Hits New All-Time High, $MOVE $IO $IMX Face Major Unlocks, Grayscale Updates “Assets Under Consideration” List2Hyperliquid Builder Codes Top $10M — Is a New Crypto Boom Coming?3Bitcoin ETFs: US Spot Bitcoin ETFs Achieve Remarkable Fifth Consecutive Day of Inflows
Pi Network Surpasses Hedera, Secures 11th Spot in Crypto Rankings
Cointribune·2025/03/06 07:11
New Hampshire Advances Bitcoin Reserve Bill With 16-1 Vote
Cryptotale·2025/03/06 02:15
Bitwise Seeks SEC Approval for First Aptos-Based ETF
Cryptotale·2025/03/06 01:45
Axelar ETF Filing Boosts AXL Price Amid Investor Excitement
Cryptotale·2025/03/05 23:11
Crypto’s maturing into a ‘token pickers market:’ Analyst
It paid to be a vibes trader in the past, but now it’s time to focus on fundamentals, Blockworks Research’s Ryan Connor said
Blockworks·2025/03/05 22:00
What’s the strike price on Trump’s put?
If there’s an amount of S&P 500 pain Trump is willing to endure, we don’t know it
Blockworks·2025/03/05 22:00
$81M Profit on 50x Leverage—Insane Timing or Insider Trader?
Cryptotimes·2025/03/05 21:33
TRUMP Developer Wallet Deploys $2M Range Liquidity; What it Means?
Cryptotimes·2025/03/05 21:33
XRP Price Could Skyrocket to $222, Analyst Predicts
Cryptotimes·2025/03/05 21:33
AAVE Nears Breakout: Can It Surpass $230 Resistance?
Cryptonewsland·2025/03/05 21:00
Flash
- 07:18Bitget Onchain Weekly Top 3 Gainers: LAUNCH, MOONCAT, MOdaily Planet Daily reports that Bitget Onchain trading has recently seen an upward trend in newly listed projects. Among them, LAUNCH reached a peak increase of 2466% after listing, MOONCAT rose by 914%, and M by 791%.Bitget Onchain trading aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure on-chain trading experience. Users can directly trade popular on-chain assets using their Bitget spot accounts (USDT/USDC). Currently, it supports popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base.
- 07:08National Institution for Finance and Development: Consider Synchronous Promotion of RMB Stablecoin Innovation in Both Shanghai Free Trade Zone and Hong KongOdaily Planet Daily reported that the National Institution for Finance & Development published an article titled "The Development Model of RMB Stablecoins Can Combine Domestic and International Approaches." The article suggests that innovative exploration of RMB stablecoins could be promoted simultaneously in the Shanghai Free Trade Zone and Hong Kong. One model for offshore RMB stablecoins (CNY Coin, CNYC) is to establish an RMB stablecoin issuing institution in the Shanghai Free Trade Zone, jointly initiated by clearing organizations, major commercial banks, leading payment institutions, and well-known investment firms, to explore on-chain issuance and operational mechanisms for RMB stablecoins. Another model would rely on certain digital RMB operating institutions' branches in the Shanghai Free Trade Zone to directly mint and operate RMB stablecoins on-chain.
- 06:59Morgan Stanley: BTC May Be Undergoing a Short Squeeze, with Short Covering Driving Prices HigherOdaily Planet Daily reported that Morgan Stanley's cryptocurrency strategy team pointed out that when traders use leveraged instruments to bet on a decline in Bitcoin, a sustained price increase puts their margin accounts at risk of liquidation. In such cases, they are forced to urgently buy back Bitcoin from the market to close their positions. This concentrated buyback activity, in turn, further drives up the price, creating a positive feedback loop of "price increase—short covering—further price increase." According to Coinglass data, in the past hour, long positions reached $5.762 billion, up 52.94%. However, short positions still account for 48% of the market. Morgan Stanley noted that most short positions are concentrated at defensive levels below $115,000. If the price remains steady above $117,000, it could trigger a new round of short covering worth $500 million, further strengthening the upward momentum.