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Strait of Hormuz Tensions Escalate, Oil Surge Caps Upside for Risk Assets
VIPStrait of Hormuz Tensions Escalate, Oil Surge Caps Upside for Risk Assets

1) The Strait of Hormuz standoff continues, with WTI up another 8.5% this week and up 63% since March. Iran's blockade has entered its fifth week, and neither side is showing signs of compromise. WTI closed at $106, compared with around $65 before the war, marking a nearly 80% gain in just two months. The nature of this oil rally matters: it is a pure supply-side shock, which creates a more direct transmission chain. Inflation expectations rise passively, the rate-cut window narrows, liquidity expectations tighten, and valuations for risk assets come under pressure. 2) SpaceX momentum builds, while Bitget offers preSPAX spot trading. Around May 3, the Starship flight test program made important progress, with further improvements in booster and spacecraft landing and recovery capabilities. Full-system reusability reached a new high. At the same time, SpaceX's valuation has continued to climb, placing it among the world's most valuable private companies, with strong market interest in a potential IPO. Bitget currently offers preSPAX spot trading, giving retail users one of the most direct and convenient ways to gain secondary-market exposure to SpaceX's valuation growth. 3) Small-cap futures factor strategy's Top 10 basket is 115.7% YTD. The key is diversification to capture tail events. From 400+ futures, the model selects the Top 10 daily based on factor scores and holds them equally weighted. Core factors include negative funding rates, which indicate crowded shorts paying longs; sharp OI growth without price movement, which suggests concentrated short positioning before a potential breakout; and short-led liquidations, which show that a squeeze is already underway. The Top 10 basket is up 115.7% YTD, with a maximum drawdown of 43.4% and a Sharpe ratio of 2.21. Assets to watch: BTC · PRESPAX · BIO · GALA · Coinbase (spot & derivatives; with Coinbase earnings on May 7 AMC as a potential catalyst.)

Bitget·2026/05/06 07:46
Bitget Weekly Report
VIPBitget Weekly Report

Bitget·2026/04/07 07:25
Bitget Research Weekly
VIPBitget Research Weekly

Bitget·2026/03/30 07:14
Flash
22:12
S&P Dow Jones Indices announced that education service provider Bright Horizons Family Solutions and digital remittance service provider Remitly Global, Inc. will soon be included as constituents of the S&P SmallCap 600 Index.
This adjustment reflects the recognition of the two companies' growth and market performance in their respective fields. Changes in index components usually draw investors' attention to the liquidity of related companies and may have a short-term impact on stock prices. Market participants will closely monitor changes in the weighting of added stocks within index fund allocations.
22:10
In the early Asia-Pacific session, S&P 500 futures fell 0.3%, and Nasdaq futures dropped 0.4%.
Gold prices are roughly flat, currently quoted at $4,690/ounce. WTI crude oil futures remain flat, currently quoted at $97.77/barrel. Brent crude oil futures are up 0.2%, currently quoted at $103.50. According to Xinhua News Agency, a naval base in southern Iran has been attacked by the US and Israel, and US media report that the US military launched airstrikes on an Iranian port.
22:06
Tech giants extend unprecedented olive branch: SK Hynix faces relentless pursuit to secure chip supply
According to six sources familiar with the matter, clients have presented a series of proposals to the South Korean chip manufacturer, including direct investment in dedicated memory chip production lines. Three other sources revealed that another suggestion involves clients funding equipment purchases, such as ASML's EUV lithography machines worth hundreds of millions of dollars. However, two sources pointed out that the well-funded SK Hynix currently maintains a cautious stance. The company is concerned that such financial commitments could lead to being “held hostage” by specific buyers, forcing it to offer lower prices in exchange for long-term stable income guarantees. One source bluntly stated: “Regardless of what terms are put forward, current production capacity is basically zero. At present, there isn't even a small portion of capacity available to allocate to specific clients.” Another person disclosed that one of the proposals focuses on the first phase of a large-scale wafer factory SK Hynix is building in Yongin Complex, South Korea, which may have DRAM (Dynamic Random Access Memory) as its core.
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