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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.
- 05:55A smart money investor who opened a position in PEPE a week ago sold 1 trillion PEPE, earning approximately $3.53 millionPANews, May 10th: According to on-chain analyst @ai_9684xtpa, the "smart money" that had positioned itself in PEPE a week ago and previously profited $14.26 million from buying low and selling high with WBTC, has once again made a profit of $3.53 million. In the past 14 hours, this smart money is suspected to have sold 1 trillion PEPE tokens (worth approximately $12.48 million), while the remaining 1 trillion tokens are still showing an unrealized gain of $3.52 million, with an average entry price of $0.00000895.
- 05:54TRUMP Official: 3.5 Million TRUMP Deposited into CEX to Enhance Liquidity, Recently Unlocked Tokens Fully LockedPANews reported on May 10 that in response to the previous transfer of 3.5 million TRUMP tokens by an address associated with the TRUMP team to a CEX, the official TRUMP response stated that the transfer to the CEX was intended to enhance liquidity, helping to ensure that both parties in a transaction can obtain TRUMP. This liquidity is provided by the liquidity wallet from the initial issuance. The TRUMP team emphasized that all recently unlocked TRUMP tokens have been relocked, and there will be no transfers within the next 90 days. Previously, it was reported that an address associated with the $TRUMP team transferred 3.5 million TRUMP tokens to a CEX in the past half hour.
- 05:54A certain whale address withdrew 1139 BTC from CEX in the past hourAccording to a report by Jinse Finance, monitored by The Data Nerd, a whale address starting with bc1q57 has withdrawn a total of 1,139 BTC (approximately $117.43 million) from CEX in the past hour. Currently, this address holds 2,616 BTC (approximately $269.5 million).