Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
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
12:17
France's solar power generation hits record high on Friday
```htmlGolden Ten Data reported on May 8 that France's solar power generation reached a record high on Friday, surpassing grid operator forecasts and pushing electricity prices into negative territory. According to data from French grid operator RTE, solar power generation rose to about 20 million kilowatts (20 GW). Usually, strong expectations for solar power generation depress next-day electricity prices into the negative ahead of time, as the market factors in excess supply in advance. However, due to the sudden nature of this record growth, this did not happen on Thursday; only intraday electricity prices on Friday dropped below zero. RTE data shows that France's nuclear power generation remains at a high level of about 33 million kilowatts (33 GW). In recent weeks, French power companies have maintained reactor operation at the request of grid operators to stabilize the system, despite sharp declines in electricity prices. Around midday on Friday, the combined electricity output from solar and nuclear sources exceeded demand by about 10 million kilowatts (10 GW). This surplus electricity was exported to neighboring countries.```
12:11
Bitget PoolX will launch the project BILL, with 5 million BILL to be unlocked by staking BTC
Foresight News reports that Bitget PoolX will list the BILL project, with a total airdrop of 5,000,000 BILL tokens. This event will open 2 BTC staking pools, with the staking period running from May 9 at 19:00 (UTC+8) to May 16 at 19:00 (UTC+8). Of these, the static BTC staking pool will distribute 2,250,000 BILL, with a maximum staking limit of 30 BTC per user; the dynamic BTC staking pool will distribute 2,750,000 BILL, with a tiered upper limit unlocked according to users' trading volume over the last 15 days, and a maximum staking limit of 50 BTC per user. In addition, during the event period, users with a positive net BTC deposit will receive a 3% BTC interest coupon after the event ends; users participating in PoolX for the first time who also meet the net deposit condition will receive a 10% BTC interest coupon. The net deposit period is from May 8 at 19:00 (UTC+8) to May 15 at 19:00 (UTC+8). For more details, please refer to the official Bitget platform.
12:11
Capital Economics: The impact of the Iran war outweighs the uncertainty in UK politics
Golden Ten Data reported on May 8 that Capital Economics analysts Ruth Gregory and Joe Maher stated that challenges potentially facing UK Prime Minister Starmer’s leadership could unsettle the economy and markets, but any outcome would be eclipsed by the situation in the Middle East. After a poor showing in local elections, Starmer may face a challenge from a candidate with less fiscally conservative views. This could push up interest rates and UK gilt yields, though looser fiscal and immigration policies might boost GDP. However, the outcome of the Iran war would have a much greater impact on markets and the economy. If Iran reaches an agreement with the United States and energy prices fall, investor rate expectations and UK gilt yields would likely drop, regardless of how the domestic UK political landscape develops.
VIP news