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Tether Treasury minted an additional 1 billion USDT on the Tron network. The total amount of USDT on the Tron network surpassed the stablecoin’s supply on the Ethereum network. Tron’s USDT supply currently sits at $61.7 billion, including authorized but unissued USDT.
Bitcoin spot ETFs just saw a huge inflow of $252 million yesterday, the biggest since July 23. Despite some funds like Grayscale’s GBTC seeing outflows, others like BlackRock and Fidelity pulled in big money.
BTC’s latest surge was arguably driven by the developments on US soil.
Analysts are bullish on XRP but there might be some worrying signs taking shape.
Share link:In this post: Bitcoin is finally showing signs of breaking out of its $58,000 to $63,000 range, thanks to hints from Jerome Powell’s recent speech. The Federal Reserve’s upcoming rate cuts in September could boost Bitcoin further, especially if the cuts are smaller and less aggressive. Spot trading is driving the current rally, and if it holds above $63,000, we could see more leveraged long positions flooding in.
Share link:In this post: Fed Chair Jerome Powell’s speech highlighted policy adjustments and interest rate cuts that rallied Solana’s price surge. Solana’s price is up by 10%, currently trading at $161. SOL’s open interest also rose to $2.34 billion, aligning with the price spike.
Share link:In this post: Bitcoin is hovering around $64,000, and there are expectations it might break $65,000 before Monday. The market shows mixed signals with some bullish indicators but also potential resistance that could slow down the rally.
Quick Take The X account for the TON blockchain has released a statement affirming support for Telegram founder and CEO Pavel Durov, who was arrested on Saturday in France and is expected to be indicted on a variety of charges related to the operations of the messaging platform. The price of Toncoin plummeted nearly 20% on Saturday before recovering slightly; the token is currently down 12% in the past twenty-four hours.
The SEC argues against Heart’s dismissal motion, asserting authority over his $1 billion fraud case involving misused funds and false claims.
- 08:52Matrixport: As Bitcoin Dominance Strengthens, Hopes for Altcoin Rebound Gradually FadeChainCatcher reports that Matrixport stated on Platform X that over the past year, crypto Twitter has been calling for altcoin rebounds almost every month, but without success. However, altcoin rebounds are not driven by chart patterns or some assumed lag behind Bitcoin's movements. Instead, they rely on the decline of Bitcoin's dominance and the rise in total cryptocurrency market capitalization. As Bitcoin's dominance climbs, Ethereum underperforms, and few other cryptocurrencies have emerged as credible competitors in this cycle. Without strong alternative narratives or leadership, other cryptocurrencies may continue to lag. Our other cryptocurrency performance models currently support this view, remaining optimistic about Bitcoin.
- 07:39Data: Bitcoin Spot ETF Net Inflow of $1.81 Billion Last Week, Continuing Three Weeks of Net InflowsAccording to ChainCatcher, based on SoSoValue data, Bitcoin spot ETFs had a net inflow of $1.81 billion during the trading days of last week (April 28 to May 2, Eastern Time). The Bitcoin spot ETF with the highest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $2.48 billion. Currently, IBIT's total historical net inflow has reached $43.68 billion. Following that is Grayscale's Bitcoin Mini Trust ETF BTC, with a weekly net inflow of $41.92 million, and its total historical net inflow has reached $1.31 billion. The Bitcoin spot ETF with the highest net outflow last week was Ark Invest and 21Shares' Bitcoin ETF ARKB, with a weekly net outflow of $458 million. After setting a historical high for weekly net inflow, last week's net outflow also set a historical high, with ARKB's total historical net inflow now at $2.65 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $113.15 billion, with an ETF net asset ratio (market value compared to the total market value of Bitcoin) of 5.87%, and the historical cumulative net inflow has reached $40.24 billion.
- 07:39IOTA Mainnet Stardust Decommissioned, 13 Genesis Validators Launch New MainnetAccording to ChainCatcher, IOTA's official news states that the IOTA mainnet Stardust has successfully completed its shutdown. Currently, 13 genesis validators are conducting a genesis ceremony to launch the new IOTA mainnet in a fully decentralized manner.