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Circle, the First Stablecoin Stock, Continues to Rise Over 6% Today
Circle, the first publicly traded stablecoin company, continued its rally today with a gain of over 6%. Since its listing, the stock has surged 420%, currently trading at $160.70.
Circle, the first publicly traded stablecoin company, continued its rally today with a gain of over 6%. Since its listing, the stock has surged 420%, currently trading at $160.70.
U.S. crypto stocks decline
According to Jinse Finance, U.S. cryptocurrency stocks declined, with Bitfarms down 3.2% and Strategy down 1.3%. The ProShares Bitcoin Strategy ETF fell 2.8%, while the iShares Bitcoin Trust dropped 3.1%.
According to Jinse Finance, U.S. cryptocurrency stocks declined, with Bitfarms down 3.2% and Strategy down 1.3%. The ProShares Bitcoin Strategy ETF fell 2.8%, while the iShares Bitcoin Trust dropped 3.1%.
Today, US Bitcoin ETFs saw a net inflow of 4,052 BTC, while Ethereum ETFs recorded a net inflow of 11,243 ETH
According to Lookonchain monitoring, today the 10 US Bitcoin ETFs saw a net inflow of 4,052 BTC, with BlackRock accounting for an inflow of 2,454 BTC. BlackRock currently holds 674,248 BTC, valued at $71.13 billion. Meanwhile, the 9 Ethereum ETFs recorded a net inflow of 11,243 ETH, with BlackRock contributing 6,053 ETH. BlackRock now holds 1,657,200 ETH, valued at $4.24 billion.
According to Lookonchain monitoring, today the 10 US Bitcoin ETFs saw a net inflow of 4,052 BTC, with BlackRock accounting for an inflow of 2,454 BTC. BlackRock currently holds 674,248 BTC, valued at $71.13 billion. Meanwhile, the 9 Ethereum ETFs recorded a net inflow of 11,243 ETH, with BlackRock contributing 6,053 ETH. BlackRock now holds 1,657,200 ETH, valued at $4.24 billion.
BTC falls below 105,000 USDT
TRM Labs: 99% of Stablecoin Activity Last Year Was Legitimate Transactions
According to the latest report released by cryptocurrency analytics firm TRM Labs on Tuesday, 99% of stablecoin transaction activity in 2024 is “legitimate.” Given that TRM also claims stablecoins currently account for over 60% of all cryptocurrency trading volume, this is particularly noteworthy, suggesting that the association between cryptocurrencies and criminal activity has at least been somewhat exaggerated. It is reported that one of the most comprehensive stablecoin legislations in the United States to date, the GENIUS Act, will be submitted to the Senate for review on Tuesday and is expected to pass.
According to the latest report released by cryptocurrency analytics firm TRM Labs on Tuesday, 99% of stablecoin transaction activity in 2024 is “legitimate.” Given that TRM also claims stablecoins currently account for over 60% of all cryptocurrency trading volume, this is particularly noteworthy, suggesting that the association between cryptocurrencies and criminal activity has at least been somewhat exaggerated. It is reported that one of the most comprehensive stablecoin legislations in the United States to date, the GENIUS Act, will be submitted to the Senate for review on Tuesday and is expected to pass.
Data: A newly created wallet withdraws PEPE tokens worth $5.2 million from a CEX
According to ChainCatcher, on-chain analytics platform Lookonchain (@lookonchain) has monitored that a newly created wallet address withdrew 500.6 billion PEPE tokens, worth approximately $5.2 million, from a CEX within the past 30 minutes.
According to ChainCatcher, on-chain analytics platform Lookonchain (@lookonchain) has monitored that a newly created wallet address withdrew 500.6 billion PEPE tokens, worth approximately $5.2 million, from a CEX within the past 30 minutes.
Richard Liu: JD.com to Apply for Stablecoin Licenses in Major Global Currency Markets
Liu Qiangdong, Chairman of the Board of JD.com, stated at a sharing session today that JD.com aims to apply for stablecoin licenses in all major currency countries worldwide. By obtaining these stablecoin licenses, the company seeks to facilitate cross-border settlements between global enterprises, reducing global cross-border payment costs by 90% and increasing efficiency to under 10 seconds. “Currently, inter-company remittances take an average of 2 to 4 days and the costs are quite high. After we complete B2B payments, we will move towards penetrating the C2C payment sector, hoping that one day people around the world can use JD stablecoins for their purchases,” Liu Qiangdong said. (Sina Technology)
Liu Qiangdong, Chairman of the Board of JD.com, stated at a sharing session today that JD.com aims to apply for stablecoin licenses in all major currency countries worldwide. By obtaining these stablecoin licenses, the company seeks to facilitate cross-border settlements between global enterprises, reducing global cross-border payment costs by 90% and increasing efficiency to under 10 seconds. “Currently, inter-company remittances take an average of 2 to 4 days and the costs are quite high. After we complete B2B payments, we will move towards penetrating the C2C payment sector, hoping that one day people around the world can use JD stablecoins for their purchases,” Liu Qiangdong said. (Sina Technology)
Greeks.live: Traders No Longer Bearish After Bitcoin Rebounds and Surpasses $106,000
Greeks.live released a community digest stating that traders were initially bearish, but after Bitcoin rebounded above $106,000, they are no longer bearish. This level is a key support, and traders have pointed out that it is crucial for the continuation of the upward trend.
Greeks.live released a community digest stating that traders were initially bearish, but after Bitcoin rebounded above $106,000, they are no longer bearish. This level is a key support, and traders have pointed out that it is crucial for the continuation of the upward trend.
Both WTI and Brent Crude Oil Prices Rise Over 3.00% Intraday
Both WTI and Brent crude oil prices have risen over 3.00% intraday, currently trading at $73.72 per barrel and $74.34 per barrel, respectively.
Both WTI and Brent crude oil prices have risen over 3.00% intraday, currently trading at $73.72 per barrel and $74.34 per barrel, respectively.
Brazil's Bitcoin Reserve Bill Passes First Committee Review
Brazil's Bitcoin Reserve Bill, “PL 4501/2023 or PL 4501/2024,” has passed its first committee review. The bill proposes the establishment of a “sovereign strategic Bitcoin reserve,” allocating up to 5% of the country's foreign exchange reserves to Bitcoin. Once enacted, Brazil will become the second Latin American country after El Salvador to legally establish a BTC reserve. In March, Pedro Giocondo Guará, Chief of Staff to the Vice President of Brazil, stated that a “strategic sovereign Bitcoin reserve” is crucial to national prosperity and a matter of public interest, referring to Bitcoin as “gold on the internet.”
Brazil's Bitcoin Reserve Bill, “PL 4501/2023 or PL 4501/2024,” has passed its first committee review. The bill proposes the establishment of a “sovereign strategic Bitcoin reserve,” allocating up to 5% of the country's foreign exchange reserves to Bitcoin. Once enacted, Brazil will become the second Latin American country after El Salvador to legally establish a BTC reserve. In March, Pedro Giocondo Guará, Chief of Staff to the Vice President of Brazil, stated that a “strategic sovereign Bitcoin reserve” is crucial to national prosperity and a matter of public interest, referring to Bitcoin as “gold on the internet.”