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08:44
Have Chinese companies obtained lithium export qualifications in Zimbabwe? Chengxin Lithium responds
Golden Ten Data, April 13 — Recently, market sources reported that lithium mine exports in Zimbabwe have shown signs of easing, and currently, several Chinese-funded enterprises have already obtained export qualifications; the specific quota is expected to be announced soon. In response, a staff member from Shengxin Lithium Energy confirmed today that the company’s local team has been in communication with Zimbabwean government departments. Although they did not explicitly mention having obtained the export license, they stated that “there has been substantial progress now” and “as soon as they grant the quota, exports may happen very soon. There were no specific implementation details before.” The staff member added that, although the specific quota figures are not yet known, “the export volume we require will be sufficient.”
08:43
According to data from the China Iron and Steel Association, in early April, the social inventory of five major categories of steel in 21 cities was 10.82 million tons, a decrease of 600,000 tons or 5.3% from the previous period; an increase of 3.61 million tons or 50.1% compared to the beginning of the year; and an increase of 990,000 tons or 10.1% compared to the same period last year.
In early April, the social inventory of the five major types of steel products saw a slight increase in cold-rolled coil compared to the previous period, while inventories of the other products all declined. Among them, rebar experienced the largest decrease both in volume and rate. Year-on-year, inventories of all five major types rose to varying degrees, with cold-rolled coil showing the largest increase in volume and medium-thick plate posting the highest growth rate.
08:39
Muddy Waters Founder Warns: Short Sellers Prepare Your Ammunition! A Market Shock Greater Than 2008 May Be Coming
On April 13, renowned short-seller and founder of Muddy Waters, Carson Block, issued a startling warning: as AI disrupts the market, bets against the U.S. stock market will be "smooth sailing." Carson Block stated that AI could trigger a market shock greater than the 2008-2009 global financial crisis. For those short-sellers who have endured years of "hard times" in the U.S. stock market, this undoubtedly opens the door to profit once again. Block noted that with the rapid proliferation of AI, the economy and markets will face profound impacts in the coming years, as turmoil in the job market will inevitably affect government finances and financial stability. "In the medium to long term, there will be severe economic and market consequences, as well as financial issues for governments, which I believe will make the global financial crisis seem trivial in comparison." He added, "As a short-seller, this will be an excellent opportunity to thrive," comparing it to the substantial profits earned by short-sellers who bet on the market crash in 2008. In recent years, many prominent short-sellers have retreated and closed their firms, including Jim Chanos, who shorted Enron before its collapse in 2001, and Nathan Anderson of Hindenburg Research. Block's prediction signifies that after years of struggle, U.S. stock short-sellers may be on the verge of a turnaround.
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