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Months ago, Binance announced its Binance US and began to accept deposits from US citizens on September 18, starting with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and USDT.
Binance US later grew this number to 19 and according to a recently published blog post written by Binance US CEO Catherine Coley, the company is now considering adding another 18 tokens to those already listed.
In the post, the exchange suggests that its decision to expand its list of supported tokens is borne out of the need to have “the most diverse selection of high-quality digital assets, without high fees.”
This expansion is bound to ensure that all of the exchange’s customers are not denied access to the bigger market with a lot more tokens and competition, ensuring that customers can trade assets with “true utility.”
The tokens currently been considered are Celer Network (CELR), Decreed (DCR), Enjin Coin (ENJ), Fantom (FTM), Icon (ICX), IOST (IOST), Komodo (KMD), OmiseGo (OMG), Harmony (ONE), Ontology (ONT), Ren (REN), Status (SNT), Theta (THETA), TomoChain (TOMO), Tron (TRX), NEM (XEM), Tezos (XTZ), and Hedera Hashgraph (HBAR).
The announcement also adds a reminder that all new users will get a $15 bonus when they sign up and will be able to trade free of charge for 30 days as it has been doing since the launch. Because Binance US is unavailable in some US states, the announcement also intimates that the platform is working on expanding access to the states that do not have Binance US access.
On the issuance of these tokens, Coley suggests that the company will take whatever measures it deems fit, to protect against fraud:
“Binance.US recognizes that the ease of issuing blockchain tokens and the perceived lack of regulation could make these tokens targets for abuse. Binanace.US has both legal obligations and moral duties to shield our users from fraudulent blockchain projects and combat financial crimes.”
Coley then concludes by asking the public to do “digital homework” before any decisions are made suggesting that customers are to not only learn about the prospective assets but also about methods being used by Binance.
After over 10 months of silence, Ren Protocol announced on social media that it made progress on the long-awaited v2 network upgrade. However, Binance delisted the REN token today, and the community derided this “announcement” as a liquidity farming scam.
Prominent commentators like ZachXBT voiced heavy skepticism about Ren Protocol development, and the firm’s reputation cratered alongside its token value.
Ren Protocol DelistedIn a surprising development, Ren Protocol made its first social media update in over 10 months today. The firm discussed its long-awaited Ren v2 upgrade, promising that work is continuing and further announcements should be coming soon. Ren Protocol initially announced it would shutter its 1.0 network in 2022, but the firm has done little to replace it.
However, the community immediately noticed a much more cynical explanation for this update. The same day, the leading exchange, Binance, announced that it was delisting REN, the protocol’s token. After December 10, Binance users will not be able to trade, deposit, or withdraw REN tokens. The asset’s price subsequently cratered.
REN Price Performance. Source: BeInCryptoIn other words, the Ren Protocol was completely silent for nearly an entire year, and it made vague promises of future growth immediately after an impending disaster. Several figures in the community openly accused these developers of conducting a scam: they would briefly pump liquidity through social media hype.
“Sounds like you’re farming for exit liquidity tbh. Where can we read about development?” said one user.
Even on-chain sleuth ZachXBT criticized the project. ZachXBT’s condemnation of this announcement is particularly noteworthy, considering his sterling reputation for unmasking frauds. Most comments on Ren Protocol’s initial post echoed this sentiment.
In other words, even if its developers truly made substantial progress on the v2 upgrade, Ren Protocol’s reputation has sustained a serious blow.
OpenSea users are wondering about a possible token launch after a vague post on the company’s X account. Community opinion is divided on whether such a launch would help build interest or become a final rugpull.
Trade volumes at the NFT marketplace have slowed to a crawl, and it might face an SEC legal battle.
OpenSea Token Launch: Misguided or Fraudulent?Today, NFT marketplace OpenSea posted, “so… how long have you been using OpenSea?” on its official X account. Replies from the community immediately began speculating that this may lead to a token launch. The marketplace hit a 3-year low in April, and it seems like the best opportunity to launch has already passed:
OpenSea Declining USD Trading Revenue Volume. Source: DuneSeveral prominent commentators in the NFT space questioned OpenSea’s intentions and motives. For example, user Loopify, the founder of a web3 project, claimed that the company “is known for having the worst decisions within NFTs.” He also claimed that a botched launch would destroy any remaining community goodwill. STIX founder and CEO Taran Sabharwal was even more blunt:
“Rumour has it that your founding team exited via secondary sales already. Your core employees left because you wouldn’t launch the token in 2021. Launch it now and watch the entirety of [crypto Twitter] dump on you. Please make it a free money event for everyone, a final goodbye to OpenSea,” Sabharwal stated.
In other words, he suggested that the remaining OpenSea team is trying to squeeze one final round of hype before a final rugpull, similar to the accusations Ren Protocol faced last month.
Another similarity between the two is that in early November, OpenSea made noncommittal promises about a 2.0 platform launch in December. The company hasn’t released further details since.
On the other hand, some community members rejected the notion that OpenSea was planning an underhanded move. For instance, crypto marketer Danny Dope said, “the company is definitely not on the incline,” but a token launch would reignite interest.
“Opensea has the chance to do an absolute good mode chess move on valuing older volume. I just think they need a massive USP to get people to do volume there, beyond just UI improvements which ofcourse will be valueable,” popular NFT collector Rahim Mahtab wrote on X.
Whatever the company’s motivations are, it’s undeniably in a difficult position. Earlier this year, the SEC issued a Wells notice to OpenSea. Even if the next SEC chair is friendlier to the crypto industry, that won’t necessarily help a beleaguered NFT marketplace. Between declining interest and legal troubles, it’s clear why so many commentators expect the end.
PANews reported on August 30th that Time magazine released its list of the 100 most influential people in AI for 2025. The list includes numerous AI stars, such as Sam Altman, Jensen Huang, and Elon Musk, as well as employees from major companies like OpenAI, Meta, and Google. Chinese figures also made the list, including DeepSeek CEO Liang Wenfeng, Huawei founder Ren Zhengfei, Yushu Technology CEO Wang Xingxing, and Pony.ai CEO Peng Jun. Ren Zhengfei is credited with leading Huawei to become a global AI giant. His company's Ascend 910C AI chip boasts 60% the performance of Nvidia's H100 chip, significantly enhancing China's position in the global AI race.
PANews reported on November 8th, citing Sina Finance, that Ren Deqi, Chairman of Bank of Communications, stated that Bank of Communications is deeply involved in the construction of the Shanghai Shipping and Trade Digital Platform. Firstly, it promotes cross-industry integration, providing e-commerce companies with safer, more efficient, and convenient "one-stop" financial services such as cross-border settlement, financing, and foreign exchange risk management, tailored to the needs of shipping and trade clients. Secondly, it promotes digital empowerment, utilizing blockchain and artificial intelligence technologies to achieve instant cross-border remittances, effectively addressing the difficulties and high costs of financing for small and micro enterprises. Thirdly, it promotes ecosystem co-construction, forming an efficient and collaborative ecosystem support system.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
1 seconds ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
1 seconds ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
1 seconds ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
1 seconds ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
1 seconds ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
The prospect of Kevin Warsh as the next chair of the Federal Reserve may have sapped the appetite of those trading on a sugar high. But what remains unbroken is the investing world’s curiosity about alternative assets. Investors will continue to ditch Bitcoin for gold as they hedge against inflation risks.
It’s clear from recent price actions that both Bitcoin and gold are products of global liquidity conditions. After news broke that Warsh, the most hawkish among a short list of candidates, is poised to head the Fed, gold had its worst day in more than four decades on Friday, and continued ...
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PANews reported on February 12 that Gate hosted an institutional event, “Gate Institutional Circle: CrossEx · Next-Gen Cross-Exchange Trading Infrastructure,” at the Rosewood Hong Kong, inviting nearly 100 guests to participate.
Gate's Chief Commercial Officer (CCO), Simon Ren, delivered a keynote speech, sharing Gate's current development status, global compliance strategy, and institutional business strategy. As one of the world's leading cryptocurrency exchanges, Gate currently serves over 49 million users, consistently ranking among the top three globally in trading volume and liquidity, and supporting over 4,400 cryptocurrencies. On the institutional business front, Gate is accelerating the construction of a strategic partnership system encompassing market makers, OEMs, custodians, and RWA issuers.
Simon has a long track record of leading global institutional business and compliance development, possessing a top-tier professional background and extensive experience in driving exchange growth across multiple jurisdictions. Gate places great emphasis on global compliance operations, with multiple entities having obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, the Bahamas, Japan, Australia, and Dubai. Its global compliance strategy is continuously evolving, providing a robust and sustainable service foundation for institutions and users.
PANews reported on March 1st that, according to Jinshi, the situation has become increasingly chaotic as Iran launched missiles at US military bases in Gulf cities, airlines suspended flights, and oil tankers carrying oil and other products stopped passing through the Strait of Hormuz. Rong Ren Goh, portfolio manager of the fixed income team at Eastland Investments, stated that tail risks in the Middle East have increased. The market will repric from a geopolitical shock to a regime risk shock, a protracted conflict, not just retaliatory actions, unless Iran expresses a willingness to negotiate. Analysts believe a greater risk lies in market complacency. The market has consistently assumed the impact of the conflict will be limited and has been reluctant to compare this conflict to the 1979 regime change in Iran. Barclays analysts stated that history powerfully demonstrates that one should not chase rallies during conflicts but rather "sell the facts." However, the worrying aspect is that investors have now become accustomed to the "sell the facts" mentality and may be underestimating the risk of the situation spiraling out of control. It is advised not to immediately buy on any dips. If the stock market correction is significant enough, such as a drop of more than 10% in the S&P 500, then a buying opportunity may arise. But not now.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
1 seconds ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
1 seconds ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
1 seconds ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
1 seconds ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
1 seconds ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
1 seconds ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
1 seconds ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
1 seconds ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
1 seconds ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
1 seconds ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
1 seconds ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
1 seconds ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
1 seconds ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
1 seconds ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
1 seconds ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
1 seconds ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
1 seconds ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
1 seconds ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
1 seconds ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
1 seconds ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
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Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
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The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
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Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
Binance, a leading cryptocurrency exchange has announced plans to remove Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) from all trading pairs. The decision follows a routine review to ensure listed assets maintain high standards and meet evolving industry requirements.
The announcement has triggered 25 to 40% price drops for the affected tokens. The exchange remains committed to fostering a secure and transparent trading environment, adapting to dynamic market and regulatory conditions.
Binance to Remove GFT, IRIS, KEY, OAX, and REN Binance announced on November 26 that it would delist multiple tokens, including Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN). This announcement triggered a 25 to 40% decline in the prices of these coins as traders rushed to liquidate their positions, fearing further losses.
The impacted pairs, such as GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT, will cease trading as of the scheduled cutoff. One of the top crypto exchanges has warned users that pending orders will be automatically canceled once trading ends. Furthermore, deposits for these tokens will not be credited to accounts after the delisting date, while withdrawals will cease after February 2025.
This decision follows Binance’s routine asset review process, which evaluates factors like trading volume, project development, and network stability. The move reflects its commitment to maintaining high listing standards while adapting to shifting market conditions. Traders holding these tokens are encouraged to act before the delisting deadline to avoid potential disruptions in their portfolios.
Price Movements and Volume Trends Amid Delisting Following the Binance delisting announcement, prices of affected cryptocurrencies have seen significant drops. Gifto (GFT) is currently trading at $0.01212, down 32% in the past 24 hours. Its 24-hour low and high range from $0.01176 to $0.01814. IRISnet (IRIS) dropped to $0.01058, crashing 36% since the announcement. Its 24-hour low reached $0.009892, and the high hit $0.01735.
SelfKey (KEY) has dropped 30% in 24 hours, trading at $0.002651, with a range of $0.002565 to $0.004157. OAX has also suffered a 31% drop, now at $0.114, with its low at $0.1096 and high at $0.1692. Ren (REN) is priced at $0.03942, down 32%. Its 24-hour range is $0.0352 to $0.05911. Despite this drop, Ren has gained 15% over the past month.
Binance’s delisting decision triggered a broader market sell-off. Investors reacted quickly, causing significant price drops across multiple tokens.
The world’s largest cryptocurrency exchange, Binance, has announced the removal of five major tokens from its trading platform as part of a routine evaluation of listed assets. In a blog post, Binance revealed that the affected tokens are Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX) and Ren (REN).
The delisting will involve multiple trading pairs, including GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC and REN/USDT. This decision, according to Binance’s announcement, reflects its ongoing commitment to maintaining the quality and relevance of the exchange's offerings by periodically reviewing listed digital assets against strict performance and compliance benchmarks.
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The impacted projects vary widely in their purpose and functionality within the blockchain ecosystem. Gifto, launched in 2017 via Binance Launchpad, focuses on creating and distributing blockchain-based virtual gifts.
IRISnet is a decentralized platform aimed at enabling small and medium-sized businesses to offer services through interconnected blockchain networks. SelfKey provides a decentralized identity management system, featuring a noncustodial wallet that lets users manage their digital identities and assets securely.
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OAX, known for its contributions to the Polkadot ecosystem, developed the OAX layer-2 protocol and parachains. Meanwhile, Ren operates as a decentralized finance (DeFi) protocol that aims to facilitate interoperability between Ethereum, Bitcoin and ZCash. Its ERC-20 token, REN, plays a role in enabling integration between the mentioned networks.
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Binance said that it delists tokens when they no longer meet its high standards or keep up with changing market conditions. By removing assets that do not meet its standards, the black-and-yellow exchange aims to keep users safe and make its offerings more up-to-date.
These delistings show that Binance is taking a proactive approach to making sure its platform is a trusted and competitive space for cryptocurrency trading. Users are advised to finalize any trades involving the affected pairs before they are removed to avoid any issues.
