News

According to a report by Bijie Network: Fundstrat co-founder Tom Lee pointed out that the surge in gold prices breaking through $2,800 per ounce is attracting institutional funds to move away from bitcoin and ethereum, as investors seek safe-haven assets amid economic uncertainty. Although gold ETFs attracted over $10 billions in early 2025, cryptocurrency prices have remained stagnant even after ETF approvals, reflecting a typical risk-averse sentiment where funds prioritize stable assets during periods of market panic.

Glonghui January 28｜Nomura released a research report stating that it expects NetEase's total revenue for the last quarter to grow by 4% year-on-year to 27.7 billions yuan, which is 4% lower than the latest market forecast. During the period, online game revenue is expected to be 21.7 billions yuan, up 5.8% year-on-year but down 5% quarter-on-quarter. The bank expects NetEase's deferred revenue to remain resilient; gross profit margin is expected to increase by 3.3 percentage points year-on-year to 64.2%; the gross profit margin of the online gaming business may continue to expand, rising by 3 percentage points year-on-year to 69.6%; GAAP operating profit margin may increase by 0.2 percentage points to 29.4%; non-GAAP net profit is expected to fall by 16% to 8.1 billions yuan. The bank maintains its "Buy" rating on NetEase's US shares and reiterates its target price of $160.

BlockBeats News, January 28, according to Bitget market data, spot gold broke through $5240 per ounce, up 1.18% intraday. Spot silver rose 2% intraday, now trading at $114.60 per ounce.