Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

News

Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Flash
  • 00:20
    Funding Overview in the Past 24 Hours (April 16)
    1. Optimum completed a $11 million seed round, led by 1kx; 2. Full-stack application Embr completed a $1.75 million funding round, with participation from Lattice Fund and others; 3. Meme application chain Embr.fun completed a $1.8 million funding round, led by Robot Ventures and others.
  • 00:01
    CryptoQuant: Miners Increase Bitcoin Sales Due to Price Drop and Increased Mining Difficulty
    In a report on Tuesday, CryptoQuant stated that as Bitcoin's price fell below $80,000, miners accelerated their sale of Bitcoin last week. The company noted that on April 7, miners sold a total of 15,000 Bitcoins, marking the third-largest single-day outflow of the year. Valued at no less than $1.12 billion at the day's lowest price of less than $75,000. CryptoQuant mentioned, "Miners' profit margins are squeezed by the price drop, along with low transaction fees and the Bitcoin network's hash rate reaching a record high, which means higher mining costs, leading to their average operating profit margin dropping from 53% at the end of January to 33% currently." The company also noted that Bitcoin has been in one of its most bearish phases since November 2022. Bitcoin once reached a high near $109,000 before President Trump's inauguration, but has since struggled to break through $90,000.
  • 00:01
    Overview of Important Overnight Developments on April 16
    1. OpenAI plans to launch a social network, potentially challenging X and Meta; 2. Optimum completes $11 million seed funding round, led by 1kx; 3. NFT project CyberKongz: Investigation by the US SEC has concluded; 4. Solana ecosystem payment protocol Solayer launches a non-custodial crypto debit card; 5. US Republicans reportedly considering a 40% tax rate for millionaires to offset tax cut costs; 6. Zcash possibly being delisted from a CEX, causing industry dissatisfaction and renewed regulatory pressure on privacy coins; 7. ZKsync: Administrator accounts for three airdrop distribution contracts were hacked, with the attacker minting approximately 111 million ZK tokens.
News