Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

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

banner
Flash
23:48
China's DaSouChe targets a $901 million valuation for US IPO
DaSouChe plans to issue 3 million American Depositary Shares, with each share priced between $16 and $18, aiming to raise up to $54 million. DaSouChe was founded by Yao Junhong in 2012 and provides operating systems for used car dealers in China, as well as software and transaction services to dealers and other automotive businesses. According to CIC data, DaSouChe holds over 90% market share in the Chinese used car dealer platform market. The company’s investors include 5Yuan Capital, Primavera Capital, and Ant Group, which is backed by Jack Ma. API Investment, a wholly-owned subsidiary of Ant Group, plans to subscribe up to $30 million worth of DaSouChe shares in this IPO.
23:48
Capital Economics: Reserve Bank of New Zealand is conditionally starting to raise the official overnight cash rate
However, more timely output data show that conditions weakened in the second quarter. Abhijit Surya, Senior Economist for Asia-Pacific, pointed out that BusinessNZ's composite Purchasing Managers' Index declined again in May, indicating a significant slowdown in growth during the second quarter. Meanwhile, the Reserve Bank of New Zealand's Nowcast model indicates that real GDP in the second quarter will fall by 0.2% quarter-on-quarter. "The latest data may not prevent the central bank from beginning the policy normalization process," Capital Economics stated. "However, with almost no reason for comprehensive tightening, interest rates will at best return to a neutral level."
23:38
Overview of Important Overnight Developments on June 18
21:00 (UTC+8)-7:00 Keywords: Anthropic, DeepSeek, Federal Reserve, US-Iran Memorandum of Understanding1. The Federal Reserve keeps interest rates unchanged as expected;2. The US discloses 14 terms of the US-Iran Memorandum of Understanding;3. Trump: Negotiations regarding Anthropic are progressing smoothly;4. Trump: The US-Iran Memorandum of Understanding may be signed on the 18th or 19th;5. Federal Reserve dot plot: nine officials expect interest rate hikes should be implemented in 2026;6. Trace Finance completes $32 million Series A funding round led by CoinFund;7. DeepSeek receives financing of 51 billion, with disclosed investors including Tencent, CATL, JD.com, and NetEase.
Markets