24小时交易 · 1997

Analyst: Bitcoin's rise in this round is more than being squeezed by bears; demand for spot and ETF capital is improving

Comparing news, Bitcoin surpassed $7.3 million for the first time since June. The day before, the crypto market saw a record $2.75 billion in Bitcoin short positions being liquidated, and the bear squeeze further accelerated this round of gains. Analysts said that this round of the market is not entirely driven by bears' recovery. Demand for spot and ETF funding is improving, while the decline in US long-term treasury bond yields and the crypto regulatory environment is becoming clear, which also provides support for the market rebound. Gideon Hyams, co-founder of STS Digital, said that bear squeeze can start the market, but it is difficult to continue the trend alone. There are also factors behind this round of growth, such as the return of ETF funds, declining long-term yields, and a clearer US crypto regulatory path. The key to the market is whether Bitcoin can stand above the fluctuation range previously formed since June. Nicolai Søndergaard, senior research analyst at Nansen, believes that the bears' recovery has accelerated the breakthrough, but it is not the only reason for the rise in the market. Currently, Bitcoin's technical aspects have been improved, and it has received stronger spot and ETF demand support. However, as the bear squeeze is basically over and leveraged long positions increase, whether Bitcoin can continue to hold steady at $70,000 will depend on whether spot buying can continue. CryptoQuant founder Ki Young Ju said that Bitcoin spot and perpetual contract demand simultaneously turned positive for the first time since the record high in October 2025. He believes that the current scale of demand is still small, but if this trend continues for a month, it is reasonable to assume that the bear market is over and a new bull market cycle is starting. At the same time, market transaction activity has clearly rebounded. Paul Howard, senior director of Wincent, said that trading volume in the past 24 hours has increased about 5 times from the yearly low set last weekend. Previously, the market was in an environment of low volatility and low liquidity, and any favorable news could be amplified and push prices to fluctuate greatly. As of press time, Bitcoin reported around $7.33 million. Analysts believe that $70,000 is an important support level for this round of the market. If it continues to stabilize, the market is expected to evolve further towards a trending upward trend; if it falls back to around $69,700 to $69,000, it may just be a normal step back to the breakthrough.

1d ago

Robinhood CEO: Tokenization will eat up the entire financial system

Comparing news, Robinhood CEO Vlad Tenev said in an interview with CNBC that we are at the beginning of a global tokenization supercycle, and this trend will eventually engulf the entire financial system. Tenev said that tokenized stocks are expected to bring features such as 7×24 hour trading, real-time settlement, and self-escrow to the US market, while listed stocks are only the starting point. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

2d agoburnking

The Anthropic pre-IPO contract rose more than 21% in the past 4 days, and the implied valuation rose to $1.8 trillion

In comparison, according to market data, the ANTHROPIC pre-IPO trading pair on Binance rose 8.47% in 24 hours and is now at $1802, up more than 21% in the past 4 days, with a 24-hour transaction volume of 19.57 million US dollars. Notably, the Financial Times previously interviewed six ANTHROPIC investors, who believed that Claude's rapid growth in demand and revenue would be enough for Anthropic to double its May valuation of $965 billion, or close to $2 trillion. Based on the current price of the Binance pre-IPO contract of approximately 1802 USDT and its reference share capital of 1 billion shares, Anthropic's corresponding implied valuation is approximately $1.802 trillion. If the $2 trillion IPO valuation expected by some investors is used as a reference, the contract still corresponds to about 11% of the theoretical upside. According to reports, what investors value most is the revenue growth rate. Anthropic announced in May that annualized revenue had exceeded $47 billion, and investors expect this group to reach $100 billion to $120 billion by the end of the year. One of them even estimated the revenue at 30 times and thought Anthropic could be worth $3 trillion. However, these figures are all investors' own predictions. According to several investors, Anthropic executives have yet to even privately determine the IPO valuation target.

6d ago

RootData launched the beta feature of tokenized assets to track real-time transaction data of over 8,000 tokenized stocks and contracts

Comparatively, the Web3 asset data platform RootData launched a beta version of tokenized assets. Based on publicly verifiable exchange quotes, order books, on-chain and issuer data, this page aggregates and shows exchange market share, popular activities, stock derivatives and tokenized stock data in the stock tokenization market. According to reports, users can check the 24-hour trading volume, liquidity depth, open positions (OI), and number of active targets on platforms such as Binance, OKX, Gate, Bitget, Hyperliquid, and Bybit, and compare the price, spread, depth, OI and other indicators of stock derivatives on different platforms, as well as the trading volume, AUM, issuance and circulation status of corresponding tokenized stocks on the single stock details page. This page is designed to help exchanges, issuers, and investors more intuitively track the popularity, liquidity distribution, and potential trading opportunities of the stock tokenization market. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

10d agoburnking

The Hong Kong stock market showed active performance, with Realord Group and STERLING GP-NEW leading the gains

Comparing news, some popular individual stocks in the Hong Kong stock market showed active performance, and the popularity of market trading continued to heat up. According to Hong Kong stock market data on the Gate platform, Realord Group (01196) rose 21.35% to HK$7.16; STERLING GP-NEW (01825) rose 17.45% to HK$5.45; Cloud Factory (02512) rose 16.36% to HK$1.92. Gate Stock has formed a 7×24 hour trading service system covering the three core markets of US stocks, Hong Kong stocks and Korean stocks, supporting more than 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and more than 1,000 Korean stocks, covering a total of more than 12,500 stocks and ETF assets around the world. The platform pioneered zero interest rate trading for US stocks. Users can use USDT to participate in global stock investment in one stop, support split trading with a minimum investment of 0.01 shares, and enjoy stock dividend benefits. The platform also supports cross-brokerage transfers of US stocks and Hong Kong stocks, and supports corporate actions such as stock splits and joint stock exchanges to further optimize the stock investment service experience.

10d ago
As the Korean stock market cools down, why did Upbit and Bithumb start a currency war?

As the Korean stock market cools down, why did Upbit and Bithumb start a currency war?

Author: Zen, PanNews Original title: After the trading volume was cut, the two major Korean crypto exchanges started a currency listing war, while the Korean stock market was cooling down, the listing competition between the two major crypto exchanges Upbit and Bithumb began to heat up. In the past month, Upbit and Bithumb's coin listing pace has accelerated markedly. Both exchanges have added 17 new won trading assets, which is significantly higher than the regular monthly average of 6 to 10 types in the first half of the year. In a context where overall trading volume is still sluggish, a cryptocurrency war has begun again around existing capital and retail investors' attention. The best summer for the Korean stock market. Crypto trading ushered in a major cooling. In the first half of this year, the Korean stock and cryptocurrency markets went out of two diametrically opposite curves. According to Korea Exchange (KRX) data, KOSPI's average daily turnover in January was 27.06 trillion won, rising to 32.23 trillion won in February, setting a historical record at the time. However, after entering May, the market was completely crazy. KOSPI's average daily turnover reached 50.22 trillion won, and continued to maintain a high level of 50.35 trillion won in June, nearly doubling from the beginning of the year. This round of trading is largely concentrated on large semiconductor companies such as Samsung Electronics and SK Hynix, which have jointly created an obvious upward market and wealth effect. Against the backdrop of KOSPI's rapid rise, retail capital is flocking to the stock market. As a result, domestic crypto trading in South Korea, which already lacked market conditions, shrank further and continued to cool down during the “best summer in Korea.” According to CoinGecko data, the total trading volume of the five Korean won exchanges of Upbit, Bithumb, Coinone, Korbit, and Gopax in the second quarter of this year was about US$146.43 billion, down 49.5% from US$289.69 billion in the same period in 2025. Among them, Upbit's trading volume of the two major exchanges declined 54% year over year, and Bithumb declined 41.7% year over year. In the first half of this year, for Korean investors, the hottest and most popular market today was clearly stocks rather than cryptocurrencies. For exchanges, even if a few more altcoins and a few activities are launched at this stage, they cannot compete with the stock market, which is having a strong wealth effect. At this stage, Upbit and Bithumb's coin listing pace remained normal or slowed down, basically maintaining 6 to 10 types per month. In the second quarter, which was the craziest in the Korean stock market, Bithumb seemed to avoid the sharp edge of the stock market. Only 22 new tokens were added, which is far lower than the 33 in the same period in 2025. The “inflection point” has arrived. The two major exchanges started a currency exchange war and entered the third quarter, and things began to change. After the peak in May and June, KOSPI's average daily turnover fell to 36.88 trillion won in July, down about 26.8% from the previous month; in August, the average daily turnover as of August 9, the average daily turnover fell further to 26.28 trillion won, which is already lower than the level at the beginning of the year. Furthermore, according to Korea Exchange data, the share of individual investors in KOSPI's turnover fell from 48.19% in January to 31.23% in July. Investors' reserves, which are regarded as “standby funds” in the securities market, also declined by about 25.5% over two months from a high of 139.69 trillion won on June 4 to 104.14 trillion won at the end of July. From a surge in wealth to “those who don't buy stocks are the winners”, after experiencing a frenzy in the first half of the year, the share of retail transactions in the stock market and off-market standby capital began to cool down from a high point. It was during this period that Upbit and Bithumb's coin listing pace began to accelerate markedly. From the beginning of July to August 11, Upbit added a total of 17 new won trading assets in just over a month, as well as 8 new coins that can only be traded in BTC and USDT. Compared to the monthly listing of about 6 to 10 new coins in the first half of the year, this is equivalent to the normal amount for at least the past two months. Meanwhile, Bithumb also maintained a high frequency of coin listings, and also added 17 types of won trading assets. PanNews learned that compared to previous rumors in the industry, the recent intensive listing, some projects said they also learned about it afterwards, and that they did not pay the coin listing fee. We don't know whether the management of the two exchanges will decide the number of coins listed based on changes in KOSPI's turnover. However, from the perspective of user competition, this time window is clearly more favorable than the first half of the year. When the stock market has a large number of rising targets and high volatility every day, relying on the new currency to grab the attention of retail investors is completely futile. However, when the profit effect of the stock market weakens, exchanges re-attract investors with high risk appetite through new assets, short-term price fluctuations, and incentive activities. The marginal effects may be mentioned...

11d agoburnking#Bithumb #Upbit

Robinhood chain head meme coin rose, STONKBROKER rose more than 16% in 24 hours

Comparative news, according to GMGN market data, the leading meme coin in the Robinhood chain rose. Among them: CASHCAT recently stopped falling and stabilized after experiencing questions about listing in the mouse warehouse, and the increase reached 30% over the weekend. CASHCAT rose nearly 10% again in the past 24 hours, rising to $145 million in market capitalization and $27.9 million in 24-hour trading volume. STONKBROKER rose more than 16% in 24 hours, its market capitalization rose to $80 million, and its 24-hour trading volume reached $4.8 million. The StonkBroker ecosystem project MANCER rose more than 14% in 24 hours, and its market capitalization rose to $10.24 million.

12d ago

Meme coin STONKBROKER's market capitalization broke through $80 million and reached a new high, rising more than 43% in 24 hours

Comparative news, according to GMGN market data, the market value of the Robinhood chain meme coin STONKBROKER once surpassed 80 million US dollars and reached a record high. Now it has fallen back to 75 million US dollars. The 24-hour increase is over 43%, and the 24-hour trading volume has reached 5.7 million US dollars. Robinhood ecosystem project STONKBROKER recently launched a number of major updates, including a launchpad responsible for incubating ecosystem projects, and the launch of Broker Box, an FWA-like function that encapsulates stock tokens in a drawing card. The update received attention from KOLs and the community, including Ansem, and propelled the market capitalization to new highs. Furthermore, according to OpenSea market data, the NFT project StonkBrokers floor price rose to 9.75 ETH, up more than 28.8% in 24 hours, and the cumulative trading volume reached 1,763 ETH. The project has a fixed supply of 4,444 pixel-style stock broker PFP NFTs (ERC-721). Each NFT binds an ERC-6551 token to a wallet, and tokenized stocks (such as TSLA, AMZN, NVDA, AAPL, etc.) are pre-stored when minting, and can continue to receive rewards. Users are reminded that related projects are still highly uncertain, prices fluctuate greatly, and users need to be careful when investing. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

14d agoburnking

Meme coin STONKBROKER's market capitalization reached a new high, breaking through $63 million in a short time

Comparative news, according to GMGN market data, the market value of the Robinhood chain meme coin STONKBROKER once surpassed $63 million this morning and reached a record high; now it has fallen back to $59.75 million, a 24-hour increase of 32%, and a 24-hour trading volume of 5.9 million US dollars. Robinhood ecosystem project STONKBROKER recently launched a number of major updates, including a launchpad responsible for incubating ecosystem projects, and the launch of Broker Box, an FWA-like function that encapsulates stock tokens in a drawing card. The update received attention from KOLs and the community, including Ansem, and propelled the market capitalization to new highs. Users are reminded that related projects are still highly uncertain, prices fluctuate greatly, and users need to be careful when investing.

14d ago