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22:39
Data centers related to SoftBank attract junk bond investors by increasing yields
Data shows that this will mark the highest borrowing cost among data center-related junk bond transactions so far this year. The debt deal includes certain incentive terms, such as a lease rent guarantee date, to ensure cash flow generation beginning in December 2026. The proceeds from the issuance of the five-year bonds will be used to repay a bridge loan and provide funding for the partial construction of a 50MW data center in Austin, Texas, USA. (Bloomberg)
22:15
On Thursday (April 30), at the close of trading in New York, spot gold rose by 1.54% to $4,617.01 per ounce. For April, it was down about 1.05% in total. It surged significantly at the start of Asia-Pacific trading on April 8, reached $4,889.36 half an hour before the US stock market opened on April 17, then continued to decline, and fell to $4,510.32 at the opening of the US stock market on April 29 (the day when the Federal Reserve announced no change in rates).
COMEX gold futures rose by 1.51% to $4,630.60 per ounce. Spot silver increased by 3.36% to $73.6897 per ounce, with a cumulative decline of 1.67% in April, experiencing an overall surge followed by a pullback. On April 17, during the early U.S. stock market session, it climbed to $83.0538, then continued to fall, approaching the April 2 bottom of $69.5753.
22:11
Zuckerberg Attributes Sales Slowdown to War and Layoffs to AI Costs
On May 1, according to The Wall Street Journal, Meta Platforms CEO Mark Zuckerberg provided new details about the company's aggressive AI plans during an all-hands meeting on Thursday, responding to the market's negative reaction to its first-quarter performance. Zuckerberg attributed the 8% drop in Meta's stock price to investor concerns over an expected increase in capital expenditures and the company's forecast of slowed growth for the second quarter. He noted that after the U.S. went to war with Iran at the end of February, Meta's advertising business experienced a 'trajectory change.' He stated, 'If oil prices go up, consumers will spend more on oil and gasoline, and spending on discretionary non-essential items will decrease, and advertising typically targets those types of products.' Zuckerberg linked the company's layoff plans for next month to the need to invest more in data centers and other AI infrastructure. He explained, 'The company basically has two cost centers. One is computing and infrastructure, and the other is personnel. If we invest more in one area to serve our community, it means we have less capital to allocate to the other area. So this means we do need to moderately reduce the size of the company.'
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