GMT EIGHT - Latest - Kangqiang Electronics: Net profit for the first quarter of 2026 was 25.4677 million yuan, a year-on-year decrease of 1.74%.

2 m ago

Andrew Haldane, Chief Economist of the Bank of England: Monetary policy cannot fundamentally solve the problems caused by the economy suffering from substantial shocks, practical adjustments must be made.

2 m ago

Qianfang Technology: Net profit in 2025 is 268 million yuan, a year-on-year increase of 122.51%.

2 m ago

Jianxin Co., Ltd: Net loss of 27.7421 million yuan in 2025.

2 m ago

According to CoinDesk, Bitcoin is currently trading at $74,700, down 0.4% in the past 24 hours. News of ceasefire negotiations between the US and Iran boosted risk sentiment, with the S&P 500 index hitting a new all-time high on Thursday. President Trump mentioned the prospects of a permanent ceasefire between the US and Iran, stating that it looks "very optimistic," and claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not confirmed these concessions. Meanwhile, the market is closely watching the structural signals behind the movement of Bitcoin prices. ZeroStack CEO Daniel Reis-Faria stated, "The negative funding rate suggests that there is heavy short selling in the market. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, accelerating the price increase." He predicts that if the basis for short positions is squeezed, Bitcoin could reach $125,000 in the next 30 to 60 days. On-chain analyst CryptoVizArt provides another perspective, stating that the "True Market Mean" (TMM) of Bitcoin shows that the average holding cost of active holders is currently higher than the current price, indicating that holders are in an overall unrealized loss position. Breaking below this mean since 2016 has often coincided with Bitcoin's most severe downturn periods, including the bear markets from 2018 to 2019 (with a maximum drop of 57% lasting 282 days) and the downturn after the Luna and FTX collapses from 2022 to 2023 (with a maximum drop of 56% lasting 339 days). Analysts point out that these two assessments are not mutually exclusive the pressure from the negative funding rate triggering a short squeeze and the structural pressure from the overall unrealized losses of active holders could coexist, with the former potentially leading to a significant increase but eventually being sold out and absorbed by the latter. The future direction may depend on whether the US-Iran ceasefire can be extended beyond next week.

3 m ago

In its report, Fitch Ratings stated that the Iran war has brought additional challenges to many emerging market sovereign countries through avenues such as pushing up energy import prices, disrupting supply chains, increasing the cost of fiscal subsidies, increasing exchange rate pressures, reducing remittances, and making it more costly and difficult to access international capital markets. Currently, seven emerging market sovereign ratings have a positive outlook, while eight have a negative outlook or are under observation. In 2026, Fitch upgraded three emerging market sovereign ratings and downgraded only one, all of which were made before the outbreak of the Iran war. Since then, Fitch has placed Qatar (AA) and Yemen (A+) on negative watchlists, lowered the outlook for Turkey and the Dominican Republic (BB-) from positive to stable, and downgraded Indonesia's (BBB) outlook from stable to negative. The outlook for Rwanda's (B+) rating has been changed from negative to stable.