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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
14:04
Opinion: Cryptocurrency Wallets are Undergoing a Renaissance for AI Agents, Enabling AI to Have Its Own On-Chain Wallet
BlockBeats News, May 9th - During the Consensus 2026 conference, Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee stated that the AI Agent is driving the restructuring of the crypto wallet architecture, enabling AI to hold assets, conduct on-chain transactions, and establish on-chain identity. Trust Wallet has launched the Agent Kit, allowing the AI Agent to autonomously execute transactions, transfers, and other on-chain operations. They are also advancing the Ethereum Improvement Proposal EIP-8004 to provide on-chain identity and a credit scoring system for AI Agents. Felix Fan mentioned that on the consumer side, the model still follows the "users hold the keys, incremental authorization" approach, with AI mainly serving as an on-chain operation assistant. On the developer side, Agents are allowed more autonomy to execute operations. Mesh has introduced Smart Funding technology, which can automatically route funds between different chains, accounts, and tokens to reduce the complexity of Web3 usage. The Mesh CTO stated that one of the core issues AI Agents face is the "cold start" problem — without a wallet and funds, the Agent cannot take real action, making the encrypted wallet the foundational financial layer for AI. Both executives believe that in the future, major AI platforms may introduce their own wallets. Felix Fan mentioned that X has publicly promoted X Money, and Grok is also likely to have a built-in wallet, with AI such as Claude potentially running directly on-chain in the future.
14:03
Data: Strategy MSTR's Bitcoin purchases in April reached 28 times the combined total of other listed companies
According to Odaily, BitcoinTreasuries.NET posted on X stating that, based on its latest monthly report, Strategy MSTR acquired 56,000 BTC in April, which is 28 times the combined amount purchased by all other listed companies during the same period.
14:00
BlackRock applies for a new tokenized Treasury reserve fund and plans to launch a $7 billion on-chain money market fund
BlackRock has applied to Securitize to establish a new tokenized treasury reserve fund and has proposed creating on-chain shares for a money market fund with a scale of $7 billion. As the tokenized finance sector has grown by 200% in a year, surpassing $30 billion, BlackRock is increasing its commitment to this area.
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