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02:09
Scotiabank partners with 3iQ to launch multi-asset cryptocurrency ETF
PANews, March 5 — According to Cointelegraph, Scotiabank, one of Canada's five largest banks, has partnered with digital asset management company 3iQ to launch a new multi-asset cryptocurrency ETF. The fund is managed by Dynamic Funds, Scotiabank's asset management subsidiary, and will be traded on Cboe Canada under the ticker DXMC, providing investors exposure to digital assets such as bitcoin, ethereum, Solana, and XRP. The fund's fee is set at 0.25%, and it will be valid until March 1, 2027.
02:05
BBX: "Issuance Hegemony" and "Treasury Mega-Merger"—Morgan Stanley officially files for ETF, Strive consolidates tens of thousands of reserves
BBX News: Yesterday, in the deep waters of global crypto assets penetrating mainstream capital markets, listed companies demonstrated a significant trend of crossing from "asset allocation" to "financial instrument issuance" and "mergers and acquisitions of treasury holdings": — Investment Bank Sovereign Issuance: Morgan Stanley (NYSE: $MS) officially submitted its S-1 registration statement for its spot bitcoin trust (Morgan Stanley Bitcoin Trust) to the SEC yesterday. This marks that Wall Street's top investment banks are attempting to regain institutional pricing power for crypto assets through the dual leverage of "brand endorsement + asset issuance." — Treasury Giant Merger: Strive (NASDAQ: $ASST) confirmed the completion of its full acquisition and asset integration of Semler Scientific, with total holdings soaring to 12,797.9 coins. Through horizontal integration, the company has established itself as the 11th largest public holder globally and set a target to increase holdings to 42,000 coins. — Multi-Asset Hedging Practice: Cosmos Health (NASDAQ: $COSM) disclosed an additional $5 million allocation in Ethereum (ETH) and plans to stake the entire amount. The company is leveraging the endogenous returns of crypto assets to hedge against inflationary pressures in the global pharmaceutical supply chain, building a dual financial loop between pharmaceuticals and crypto. — Mining Priority Strategy: LQR House (NASDAQ: $YHC) announced the advancement of its second-phase mining expansion plan, intending to deploy additional computing power in Texas. As an alcoholic beverage e-commerce platform, the company adheres to the logic of "production over purchase," aiming to obtain low-cost bitcoin through self-built computing power, coupling traffic economy with digital productivity. The market is showing a clear dual evolution trend of "asset issuance rights returning to traditional finance" and "large-scale asset mergers within the industry." Source: bbx.com
02:01
Target cuts bonuses for two consecutive years, eligible employees to receive 75% of target bonus
Gelonghui March 5th|Target has reduced employee bonuses for the second consecutive year, affected by weakened sales and profits. This year, eligible employees will only receive 75% of their 2025 target bonus, lower than last year's 87%. The bonus reduction plan covers salaried employees at the company's headquarters, stores, and distribution centers, but excludes senior management and hourly employees.
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