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Renowned Crypto Influencer Embroiled in "Donation Fraudgate," Accused of Faking Hong Kong Fire Donation Receipt, Sparking Public Outcry
Renowned Crypto Influencer Embroiled in "Donation Fraudgate," Accused of Faking Hong Kong Fire Donation Receipt, Sparking Public Outcry

Using charity for the purpose of false advertisement is not uncommon in the history of public figures.

BlockBeats·2025/12/02 10:44
HashKey prospectus in detail: 1.5 billion HKD loss over three years, 43% equity controlled by Wanxiang Chairman Lu Weiding
HashKey prospectus in detail: 1.5 billion HKD loss over three years, 43% equity controlled by Wanxiang Chairman Lu Weiding

Despite HashKey's significant total revenue growth over the past two years, with rapid expansion in trading volume and client base, the underlying financial pressure remains evident: ongoing losses, long-term negative operating cash flow, and consistently high net debt all contribute to continued uncertainty regarding its financial resilience ahead of its IPO.

Chaincatcher·2025/12/02 09:43
A Good Opportunity to Buy the Dip? In-depth Analysis of “Real Yield” DeFi Tokens
A Good Opportunity to Buy the Dip? In-depth Analysis of “Real Yield” DeFi Tokens

The market has indeed offered better entry points, but the narrative of "real yield" needs to be carefully scrutinized.

Chaincatcher·2025/12/02 09:41
Flash
  • 02:13
    SEC suspends approval of high-leverage ETFs, citing concerns over excessive risk
    Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) has issued a series of warning letters to some of the country's most prolific leveraged exchange-traded fund providers, effectively blocking the launch of products aimed at offering double or triple the daily returns of stocks and commodities. In nine nearly identical letters released on Tuesday, the SEC informed companies including Direxion, ProShares, and Tidal that it would not proceed with the review of proposed product issuances until key issues are resolved. The regulator's core concern is that these funds' risk exposure may exceed the SEC's limits on the risk a fund can take relative to its assets. The letters instruct fund managers to either modify their investment strategies or formally withdraw their applications.
  • 02:08
    Stable announces tokenomics: ecosystem and community account for 40% of total supply
    ChainCatcher News, Stable announced the tokenomics of its token STABLE on the X platform. The total supply is 100 billion tokens, which is fixed and will not change. The token is not used for Gas fees. The specific token allocation is as follows: Genesis Distribution: Accounts for 10% of the total supply, supporting initial liquidity, community activation, ecosystem activities, and strategic distribution at launch; Ecosystem and Community: Accounts for 40% of the total supply, allocated to developer grants, liquidity programs, partnerships, community initiatives, and ecosystem development; Team: Accounts for 25% of the total supply, allocated to the founding team, engineers, researchers, and contributors; Investors and Advisors: Accounts for 25% of the total supply, allocated to strategic investors and advisors who support network development, infrastructure construction, and promotion.
  • 02:08
    South Korea's "Digital Asset Basic Act": Stablecoin issuers will be limited to consortia with 51% bank ownership as the main direction
    According to ChainCatcher, citing News1, in the process of formulating the second phase of digital asset (virtual asset) legislation, the "Basic Law on Digital Assets," the South Korean government and National Assembly are moving towards limiting stablecoin issuers to "consortiums with 51% bank ownership" as the main direction. The current proposal under discussion is to grant stablecoin issuance rights to consortiums in which banks hold a 51% stake. The special task force (TF) on digital assets within the Democratic Party has also basically decided to adopt this plan. Previously, regarding the issue of stablecoin issuers, the Bank of Korea advocated that banks should take the lead and that issuance should be limited to the banking system, while some members of the National Assembly believed it should be open to fintech and blockchain companies. The government version of the bill is required to be submitted no later than the 10th of this month, with the goal of starting discussions within the year and completing legislation before January next year.
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