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00:39
Trump tells oil-short countries they can "buy from the United States"; analysts say the U.S. cannot fill the gap
Golden Ten Data reported on April 2 that US President Trump told countries struggling to obtain aviation fuel due to Iran’s blockade of the Strait of Hormuz that they could purchase it from the United States. However, analysts say there is a major issue with this suggestion: the US cannot fill the global supply gap. According to vessel tracking agency Kpler, about 500,000 barrels of aviation fuel are exported daily from the Strait of Hormuz, mainly to Europe, with some shipments to Asia and Africa. Meanwhile, data from the US Energy Information Administration (EIA) shows that the US averaged 219,000 barrels of aviation fuel exports per day last year. Kpler analyst Matt Smith stated: “The possibility of the US replacing Hormuz Strait supply is very, very, very small. Even if the US had sufficient aviation fuel, it also has a large number of airlines.” In addition, most US aviation fuel is produced on the Gulf Coast, while the main demand centers on the East and West coasts have historically relied on imports to meet their needs.
00:32
US Poll: Trump’s Approval Rating on Economic Issues Hits New Low During His Term
A survey shows that about two-thirds of Americans believe that the current U.S. administration’s economic policies have worsened the country’s economic situation, with the proportion holding this view rising by 10 percentage points compared to January this year. According to reports, after the U.S. took military action against Iran, U.S. oil prices increased, further aggravating the economic pressure and dissatisfaction among the American public. (CCTV)
00:20
Former FTX Engineering Director Singh Reaches Settlement With CFTC, Forfeits $3.7 Million in Illegal Gains and Faces Multiple Bans
ChainCatcher news, according to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) announced that it has reached a settlement with former FTX engineering director Nishad Singh regarding the FTX collapse incident. Under the settlement agreement, Singh must return $3.7 million in illegal gains, is prohibited from trading for five years, and is not allowed to register with the CFTC for eight years. In light of Singh's active cooperation during the investigation, the CFTC did not impose additional monetary penalties or compensation requirements.
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