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Cardano (ADA) is climbing past $0.70 with a 10% weekly gain, but technical indicators hint at fading momentum and critical support tests ahead.
Quick Take The second-largest decentralized exchange (DEX) aggregator by volume has activated support for Solana. 1inch said it intends to enable cross-chain swaps soon, connecting Solana to 10 decentralized finance blockchains.
Shiba Inu faces renewed sell-off fears after hackers offload 150 billion SHIB tokens. SHIB battles resistance near $0.0000145 as bullish momentum faces critical test. Longer-term SHIB forecasts predict over 100% upside if market stability returns.
Quick Take A new Bitcoin mining report from Cambridge University says that sustainable energy use by the industry has reached 52.4% — up from 37.6% in 2022. The figure exceeds Elon Musk’s stated threshold of 50% for Tesla to resume allowing bitcoin payment options, though the electric vehicle manufacturer is yet to do so.
- 16:23Spot Bitcoin ETF sees net outflow of 382 BTC today, Spot Ethereum ETF sees net outflow of 1648 ETHAccording to Lookonchain, today 10 spot Bitcoin ETFs experienced a net outflow of 382 BTC, while at the same time 9 spot Ethereum ETFs saw a net outflow of 1648 ETH.
- 16:20Bitwise Executive: Bitcoin Could Reach $1 Million by 2029André Dragosch, Head of Research at Bitwise Europe, predicts that Bitcoin could reach $1 million by 2029, surpassing gold's current market value of $21.7 trillion. His analysis indicates that Bitcoin's base target price for the 2025 cycle is $200,000, and if the U.S. government adopts a "budget-neutral" strategy to directly allocate Bitcoin, it could rise to $500,000. The first-year performance of the U.S. spot Bitcoin ETF exceeded expectations, with BlackRock's IBITETF setting a record for the fastest growth in history. Dragosch believes that as major investment banks like Merrill Lynch and Morgan Stanley gradually open their channels, "structural capital inflows" will extend the Bitcoin cycle.
- 16:20Tether Releases Q1 Financial Report: U.S. Treasury Exposure Nears $120 Billion, Quarterly Profit Exceeds $1 BillionAccording to the official announcement, Tether released its audit report for the first quarter of 2025. As of March 31, 2025, Tether's total exposure to U.S. Treasury bonds was close to $120 billion, reaching a record high. Meanwhile, Tether achieved over $1 billion in traditional investment operating profits in the first quarter, primarily due to the robust performance of its U.S. Treasury bond portfolio, while gold investments nearly offset the volatility in the crypto market. In terms of assets and liabilities, Tether's total assets were at least $149.27 billion, with total liabilities of $143.68 billion, of which $143.68 billion was related to issued digital tokens. The excess reserves reached $5.6 billion, demonstrating the company's strong risk management and liquidity status. In the first quarter, the circulating supply of USDT increased by approximately $7 billion, and the number of user wallets increased by 46 million, a quarter-on-quarter growth of 13%. Additionally, Tether strategically invested over $2 billion through Tether Investments in long-term projects such as renewable energy, artificial intelligence, peer-to-peer communication, and data infrastructure.