News

```htmlGolden Ten Data reported on May 25 that Italy’s benchmark stock index has surpassed the historic record closing level set in 2000, driven strongly by recent rebounds in the energy and chip sectors. On Monday, the FTSE MIB Index in Italy climbed as much as 1.2% intraday to reach 50,121.2 points, exceeding the previous historical record set 26 years ago. After three consecutive years of growth, the Italian stock market has risen a cumulative 11% so far in 2026. As a chip supplier for Tesla and Apple, STMicroelectronics has surged by 156% so far in 2026. The rapid construction of artificial intelligence infrastructure has greatly boosted demand for optical components capable of more efficient data transmission. Meanwhile, as oil and gas prices soared, energy companies Saipem Spa and Eni SpA have risen by 73% and 41% respectively in 2026.```

According to ChainCatcher, Bitcoin continued to fluctuate below $78,000 on Monday, following two consecutive weeks of over $1 billion in outflows from US spot Bitcoin ETFs, with a net outflow of $1.26 billion last week. Although capital continues to exit BTC and ETH ETFs, several institutions believe this is more of a "rotation of funds" rather than a complete withdrawal by institutions. BRN Research Director Timothy Misir stated: "Institutional buying has not disappeared; it is merely rotating."

BlockBeats News, May 25th - Multiple sources have confirmed that Bitget is abandoning its existing stock token model and transitioning to a self-developed U.S. stock product with direct connection to brokerage firms. Although the presentation will still be in the form of stock tokens, it will be closer to the U.S. stock experience and liquidity. Moreover, on this basis, it will facilitate stablecoin transactions and even support stock dividends and cash dividends. Since the end of last year, the exchange has actively recruited several employees from internet brokerage firms, mainly for operations and key account resources.