Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

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

banner
All
Crypto
Stocks
Commodities & Forex
Macro
Flash
15:32
The European STOXX 600 index provisionally closed up 0.10%, at 614.48 points.
The STOXX 50 Index in the Eurozone provisionally closed down 0.10%, at 5,900.20 points. The FTSE Eurotop 300 Index provisionally closed up 0.18%, at 2,448.36 points.
15:32
Germany's DAX 30 Index provisionally closed down 0.11% at 24,167.66 points.
The French stock index provisionally closed up 0.93%, the Italian stock index provisionally closed up 0.34%, the banking index fell 0.89%, and the UK stock index provisionally closed down 0.12%.
15:32
Santiment: "Refugee trading" emerges after the Kelp incident, SPK token surges 100% in 48 hours
According to ChainCatcher, the on-chain analytics platform Santiment tweeted that six days after the Kelp incident broke out, there are clear signs of “refugee trade” emerging in the market. Spark token SPK surged from $0.029 to $0.058 within 48 hours, an increase of over 100%. Meanwhile, whale transactions (>$100,000) have skyrocketed from a daily average of around 30 to 183 today. In contrast, the price of AAVE continues to fall and is currently hovering near $92, even though Bitcoin surpassed $79,000 earlier this week. Santiment pointed out that this event is not simply destructive but has brought about a redistribution of funds— the liquidity crisis of one protocol has turned into a bull market for another. Note: “refugee trade” is a metaphorical term in the crypto/DeFi sector, referring to the phenomenon where funds, like refugees, flee en masse from damaged or high-risk protocols and migrate to another protocol that is relatively safer and less risky.
News