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03:33
Bitget launches trading for 49 stock tokens, including Futu, BlackBerry, and JD
BlockBeats News, June 5th, according to an official announcement, Bitget has now launched trading for 49 U.S. stocks and popular ETF spot tokens, including rFUTU (Futu Holdings), rBILI (Bilibili), rJD (JD.com), rBB (BlackBerry), rNBIS (Nebius), among others. In May of this year, Bitget initiated the U.S. Stock Token 2.0 upgrade, focusing on liquidity, asset equity mapping, and capital efficiency to continuously enhance the product experience. The upgraded U.S. stock spot tokens are directly connected to global liquidity pools such as Nasdaq and NYSE, with stock dividends distributed in a 1:1 token form. User holdings can also serve as cross-collateral for the unified account and U-denominated contracts. In terms of fees, Bitget's stock spot trading fees are discounted to as low as 0.04%. Previously, Bitget had added 15 U.S. stock tokens as contract margin currencies; this time, the 49 new assets cover various popular sectors such as AI/cloud computing infrastructure, semiconductors and tech ETFs, fintech, and new consumption trends, further expanding its U.S. stock spot product lineup.
03:28
Undercurrents in the U.S. employment market: A potential turning point for the sluggish hiring landscape
1. The U.S. job market has long exhibited a subtle balance of “low hiring, low layoffs”: stricter immigration policies have reduced labor supply, which precisely offsets weak labor demand. However, recent indicators show that this balance may be shifting in a more positive direction. 2. The nonfarm payrolls report for May, set to be released on Friday, is highly anticipated. The report is expected to show 85,000 new jobs added, with the unemployment rate remaining at 4.3%. Compared to the state of the labor market at the end of last year, this would be a robust result. 3. In the first four months of this year, the average monthly increase in employment was about 76,000—while not strong, it is significantly better than last year's figure of less than 10,000. More importantly, this growth rate is far above the "break-even" line required to prevent the unemployment rate from rising—a line that has dropped to near zero, the lowest in 65 years. 4. The latest data is encouraging: in April, job openings hit a two-year high and, for the first time since June last year, exceeded the number of unemployed people; ADP private sector employment increased by 122,000, the largest rise since January last year. These signals suggest the job market may be transitioning from “low hiring” to a more active state. 5. Economists point out that cyclical employment bottomed out last summer and autumn, and increases in job openings usually lead to more hiring and job-hopping, forming a positive cycle. So far, there is no evidence showing AI is causing widespread unemployment, and past data may be revised up, in contrast to the trend of significant downward revisions in recent years. 6. For the new Federal Reserve chair, Walsh, current job growth both relieves the pressure to cut rates and is not fast enough to trigger inflation fears—making it a “golden balance point.” However, vigilance is still required regarding the global energy crisis, an AI bubble, and the potential impact of new technologies on employment.
03:26
The US spot Ethereum ETFs saw a net inflow of $18.87 million yesterday.
According to Jinse Finance, on June 5, Trader T monitoring showed that the US spot Ethereum ETF recorded a net inflow of 18.87 million US dollars yesterday.
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