Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
1Bitget Daily Digest（Nov 29）｜All Major U.S. Stock Indices Closed Lower; Next Year’s FOMC Voters Emphasize Inflation Risks and Oppose Further Rate Cuts; 72 out of Top 100 Tokens Down More Than 50% from All-Time Highs2Bitcoin’s Current Correction: At the End of the “Four-Year Cycle,” Government Shutdown Intensifies Liquidity Shock3Zcash Price Prediction 2025: Why ZEC Might Hit $360, Shedding 35% From ATH?
Porsche abandons EV battery plans as European carmakers struggle to gain market share
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Cryptopolitan·2025/08/25 20:40
Asia’s Financial Hub Race Accelerates Amid Stablecoin Expansion
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
BeInCrypto·2025/08/25 20:10
Cardano announces comprehensive XRP integration
CryptoValleyJournal·2025/08/25 19:30
Galaxy Digital, Multicoin, and Jump Crypto in talks to raise $1 billion for Solana purchases
Cryptobriefing·2025/08/25 18:55
XRP price fails to overcome $3: Is a breakout still possible?
Cointelegraph·2025/08/25 18:08
Bitcoin late longs wiped out as sub-$110K BTC price calls grow louder
Cointelegraph·2025/08/25 18:07
Is $20K ETH price now in play? Ethereum market enters 'belief' zone
Cointelegraph·2025/08/25 18:07
Bitcoin holders ‘distribute’ as $105K becomes BTC’s last stronghold
Cointelegraph·2025/08/25 18:07
Trump Fires Fed Governor Cook Over Mortgage Fraud Allegations
President Trump fired Federal Reserve Governor Lisa Cook over mortgage fraud allegations, marking the first presidential dismissal of a Fed governor in the central bank's 111-year history.
BeInCrypto·2025/08/25 17:39
Bitcoin Volatility Hits Five-Year Low With Market Adoption
coinfomania·2025/08/25 16:10
Flash
- 13:36Fortune: CoreWeave's financial situation is a typical reflection of the AI infrastructure bubble, with debt burden potentially becoming a hidden riskAccording to a report by Jinse Finance, Fortune magazine has revealed that CoreWeave recently signed an AI agreement worth $1.17 billion with Vast Data, a company invested in by Nvidia. However, bitcoin mining company Core Scientific has terminated its cooperation with CoreWeave. Through analysis of documents submitted by the company to the US SEC, Fortune magazine found that the company's business model carries significant risks, with the documents filled with warnings and cautions. The latest quarterly report disclosed a total debt of $11 billion, indicating that CoreWeave's fundamentals are currently not optimistic and profitability is still a long way off. Furthermore, due to a lack of ability to issue debt, the company is facing a severe cash flow shortage. Short sellers believe that CoreWeave is highly likely to run into trouble due to its continuously increasing debt, potentially becoming the first domino to fall in the artificial intelligence ecosystem.
- 13:33Pakistan plans to consider issuing a rupee-backed stablecoin and is developing a CBDC pilot.According to ChainCatcher, citing a report from Cointelegraph, Faisal Mazhar, Deputy Director of the Payment Systems Department at the State Bank of Pakistan, stated that with the assistance of the World Bank and the International Monetary Fund (IMF), a central bank digital currency (CBDC) prototype is under development and is planned to undergo a pilot phase before full-scale rollout. Additionally, according to Zafar Masud, Chairman of the Pakistan Banks’ Association (PBA), the country is seriously considering issuing a Pakistan Rupee-backed stablecoin and will promote improvements in digital asset regulation. He noted that delays in digital asset regulation could result in the loss of up to 25 billions USD in economic development opportunities.
- 13:15This week, US spot Ethereum ETFs saw a total net outflow of $507.7 million.According to ChainCatcher, citing monitoring data from Farside, the cumulative net outflow from US spot Ethereum ETFs this week reached $507.7 million.