Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

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

banner
Flash
08:55
Economist: Powell's Favorite Unconventional Inflation Gauge "Unreliable," Hopes for Challenge
BlockBeats News, June 16th, Federal Reserve Chairman Powell once expressed a preference for adopting another inflation measure standard - the "trimmed mean PCE inflation," which excludes extreme values before calculating the weighted average. Boston College economics professor Brian Bethune stated that currently, the trimmed mean PCE is not the most reliable indicator. In short, when the inflation shock behaves similarly to the period of 2009-2019 (i.e., before the 2020 COVID-19 crisis), this indicator works best because there was a better balance between positive and negative shocks at that time. However, when price shocks mainly come from positive factors such as supply disruptions, tariffs, surging oil prices, or significant special sports events (like the World Cup), this indicator will underestimate inflation. "Therefore, it is hoped that someone can challenge him on this," Bethune said. But regardless of which indicator is referenced, U.S. inflation remains above the Fed's 2% target - has been so since the spring of 2021.
08:51
SPCX Ranks Among Top HIP-3 Markets with Trading Volume Exceeding $1.125 Billion
On the Hyperliquid platform, SpaceX tokenized stocks have become the highest trading volume HIP-3 market, ranking third in overall trading volume across the Hyperliquid platform. Data shows that SPCX has recorded a trading volume of $1.125 billion, making it one of the most actively traded HIP-3 assets in the current Hyperliquid ecosystem.
08:38
U.S. stocks move: D-Wave Quantum rises another 1.6% in pre-market trading as Mizuho expresses optimism about its quantum computing development roadmap and raises its target price
Glonghui, June 16|Quantum computing company D-Wave Quantum (QBTS.US) continued to rise 1.6% in pre-market trading, now at $26.68; the stock closed up 12.37% yesterday. According to reports, after the company’s first Analyst Day event, Mizuho Securities raised its price target and reiterated its optimistic view on the company’s long-term prospects. The bank raised D-Wave’s target price from $29 to $35 and maintained an “Outperform” rating. Analysts from the bank said that D-Wave not only continues to lead in the quantum annealing sector, but also demonstrated a clear technical roadmap toward fault-tolerant gate-model quantum computing, which has significantly strengthened market confidence in the company’s long-term growth prospects. Mizuho believes that as the quantum computing market gradually matures and the company continues to deliver on its technology roadmap, D-Wave is expected to maintain its industry-leading position and benefit from the rapid development of the quantum computing industry in the coming years.
News