π Dormant Wallet Converts USDC to WBTC After Two-Month Inactivity
#DormantWallet #USDC #WBTC #OnChainDetection #CryptoExchange #BlockchainActivity
According to BlockBeats On-chain Detection, a previously inactive wallet has resumed activity after two months. The wallet exchanged 5.18 million USDC for 53.87 WBTC at an average price of $96,160.#DormantWallet #USDC #WBTC #OnChainDetection #CryptoExchange #BlockchainActivity
π 21Shares Files for SUI ETF Registration with SEC
#21Shares #SUI #ETF #SEC #Blockchain #AssetManagement #Finance #Investment
According to PANews, Swiss asset management firm 21Shares has submitted an S-1 registration form for a SUI ETF to the U.S. Securities and Exchange Commission (SEC). During Sui's annual Basecamp conference, 21Shares President Duncan Moir expressed confidence in Sui's potential, stating, "Since our initial research into Sui, we have believed it could become one of the most exciting blockchains in the industry, and we are witnessing this assertion come to fruition."#21Shares #SUI #ETF #SEC #Blockchain #AssetManagement #Finance #Investment
π π₯ BTC/USDT,ETH/USDT and SOL/USDT Lead Binance USD-M Perpetual Futures Market in Trading Volume Over the Past 24 Hours π₯
#BTC #ETH #SOL #XRP #SUI #USDT #Binance #PerpetualFutures #TradingVolume
According to Binance Futures data, over the past 24 hours, the BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT and SUI/USDT trading pairs led the USD-M perpetual futures market in trading volume.BTC/USDT perpetual futures long/short ratio: 0.78, funding rate: 0.0059%.ETH/USDT perpetual futures long/short ratio: 2.42, funding rate: 0.0091%.SOL/USDT perpetual futures long/short ratio: 2.09, funding rate: 0.0041%.XRP/USDT perpetual futures long/short ratio: 2.74, funding rate: 0.0098%.SUI/USDT perpetual futures long/short ratio: 1.2, funding rate: 0.0100%.#BTC #ETH #SOL #XRP #SUI #USDT #Binance #PerpetualFutures #TradingVolume
π U.S. Treasury Secretary Announces Reduction in Tariff Uncertainty
#USTreasury #TariffUncertainty #TrumpAdministration #EconomicPolicy #TradeNegotiation
According to BlockBeats, U.S. Treasury Secretary Besent announced that the uncertainty surrounding tariffs will be eliminated. The reduction in tariff uncertainty will occur gradually, day by day and week by week. This strategic uncertainty is part of U.S. President Donald Trump's negotiation strategy.#USTreasury #TariffUncertainty #TrumpAdministration #EconomicPolicy #TradeNegotiation
π Market Shows Mixed Sentiment as Funding Rates Vary
#MarketSentiment #FundingRates #Cryptocurrency #Trading #PerpetualContracts #Bullish #Bearish
According to BlockBeats, data from Coinglass indicates that the funding rates on major centralized and decentralized exchanges are currently showing a mixed market sentiment, with both neutral and bearish outlooks present. The specific funding rates for major cryptocurrencies are detailed in the accompanying data.
Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This system facilitates the exchange of funds between long and short traders, without the trading platform collecting any fees. It serves to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices.
A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it suggests a predominantly bearish market sentiment.#MarketSentiment #FundingRates #Cryptocurrency #Trading #PerpetualContracts #Bullish #Bearish
π Tether CEO Predicts Blockchain Integration for All Assets in the Next Decade
#Tether #Blockchain #Token2049 #PaoloArdoino #Dubai #AssetIntegration
According to PANews, Tether CEO Paolo Ardoino expressed his belief at the Token2049 conference in Dubai that every asset will be integrated onto the blockchain within the next ten years.#Tether #Blockchain #Token2049 #PaoloArdoino #Dubai #AssetIntegration
π U.S. Treasury Secretary Highlights Fed Rate Cut Signal
#USTreasury #FederalReserve #InterestRates #BondMarket #FinanceNews
According to BlockBeats, U.S. Treasury Secretary Besant has indicated that the yield on two-year Treasury bonds falling below that of ten-year bonds is a signal for the Federal Reserve to consider lowering interest rates.#USTreasury #FederalReserve #InterestRates #BondMarket #FinanceNews
π U.S. GDP Decline Attributed to Inventory Backlog, Revision Expected
#US #GDP #economy #inventory #Treasury #BlockBeats #growth #revision
According to BlockBeats, U.S. Treasury Secretary Besant has indicated that the recent decline in GDP may be due to an accumulation of imported goods in inventory. It is anticipated that the GDP figures will undergo revision.
Previously, BlockBeats reported that the initial annualized quarterly rate for the U.S. GDP in the first quarter was recorded at -0.3%, against an expected 0.3%, and a previous value of 2.40%. This negative growth marks the lowest point since the second quarter of 2022.#US #GDP #economy #inventory #Treasury #BlockBeats #growth #revision
π U.S. Labor Department to Release Weekly Unemployment Claims Data
#LaborDepartment #UnemploymentClaims #JoblessClaims #USLabor #EconomicData
According to BlockBeats, the U.S. Department of Labor is set to release the weekly initial jobless claims data for the week ending April 26. The announcement is scheduled for 20:30 UTC+8.#LaborDepartment #UnemploymentClaims #JoblessClaims #USLabor #EconomicData
π U.S. Unemployment Claims Reach New High in Late April
#Unemployment #Claims #USA #April2025 #Economy #JobMarket #Statistics
According to BlockBeats, the number of initial unemployment claims in the United States for the week ending April 26 reached 241,000. This marks the highest level since the week of February 22, 2025. The figure exceeded expectations, which were set at 224,000, and the previous week's number was revised from 222,000 to 223,000.#Unemployment #Claims #USA #April2025 #Economy #JobMarket #Statistics
π April NFT Sales Experience Decline Across Multiple Blockchains
#NFT #Blockchain #CryptoSlam #Ethereum #Polygon #Bitcoin #Mythos #Solana #Immutable #AprilSales #ETH #BTC
According to PANews, data from CryptoSlam reveals that NFT sales across 23 blockchains totaled approximately $373 million in April 2025, marking a 9.9% decrease from March's $414 million. Ethereum led the sales with NFTs worth $102 million, accounting for 27% of the total sales. Polygon followed with $71.14 million, representing 19% of the sales. Other notable blockchains included Bitcoin with $62.88 million, Mythos at $40.25 million, Solana with $32.54 million, and Immutable at $23.90 million.#NFT #Blockchain #CryptoSlam #Ethereum #Polygon #Bitcoin #Mythos #Solana #Immutable #AprilSales #ETH #BTC
π Charles Schwab Plans to Launch Spot Cryptocurrency Trading Within a Year
#CharlesSchwab #Cryptocurrency #SpotTrading #Finance #Investment
According to PANews, market sources reveal that Charles Schwab's CEO has announced plans to initiate spot cryptocurrency trading within the next 12 months.#CharlesSchwab #Cryptocurrency #SpotTrading #Finance #Investment
π U.S. Tariff Announcement Expected Amid Trade Agreement Speculations
#USTariffAnnouncement #TradeAgreement #EconomicCouncil #Tariffs #MarketImpact #USIndiaRelations
According to BlockBeats, the Director of the U.S. National Economic Council, Hassett, has indicated that a tariff announcement is expected by the end of today, Thursday in the United States.
Analysts from financial website Forexlive suggest that there might be an announcement of a trade agreement or at least some details. They advise monitoring the news closely until the U.S. market closes, as this could significantly impact the market. There are increasing signs that an agreement with India might be announced, which would be crucial, especially if the U.S. is willing to lower its minimum tariffs to below 10%.#USTariffAnnouncement #TradeAgreement #EconomicCouncil #Tariffs #MarketImpact #USIndiaRelations
π Bitcoin Projected to Reach $1 Million by 2029, Surpassing Gold's Market Value
#Bitcoin #Gold #Investment #ETFs #MarketValue #Cryptocurrency #Finance #Forecast #BTC
According to PANews, Bitwise's European Research Director AndrΓ© Dragosch has forecasted that Bitcoin could reach a value of $1 million by 2029, potentially surpassing gold's current market capitalization of $21.7 trillion. Dragosch's analysis suggests that during the 2025 cycle, Bitcoin's base target price is set at $200,000. However, if the U.S. government adopts a 'budget-neutral' strategy to directly allocate Bitcoin, the price could rise to $500,000.
The first-year performance of the U.S. spot Bitcoin ETF has exceeded expectations, with BlackRock's IBIT ETF achieving the fastest growth record in history. Dragosch believes that as major investment banks like Merrill Lynch and Morgan Stanley gradually open their channels, 'structural capital inflows' will extend Bitcoin's cycle.#Bitcoin #Gold #Investment #ETFs #MarketValue #Cryptocurrency #Finance #Forecast #BTC
π USDC Treasury Destroys 150 Million Tokens on Ethereum
#USDC #Treasury #Ethereum #WhaleAlert #Crypto #TokenBurn #ETH
According to PANews, Whale Alert reported that at 22:42 UTC+8, the USDC Treasury destroyed 150 million USDC tokens on the Ethereum blockchain.#USDC #Treasury #Ethereum #WhaleAlert #Crypto #TokenBurn #ETH
π Bitcoin(BTC) Surpasses 97,000 USDT with a 3.32% Increase in 24 Hours
#Bitcoin #BTC #USDT #Binance #cryptocurrency #trading #marketdata #increase
On May 01, 2025, 15:10 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 97,000 USDT benchmark and is now trading at 97,107.789063 USDT, with a narrowed 3.32% increase in 24 hours.#Bitcoin #BTC #USDT #Binance #cryptocurrency #trading #marketdata #increase
π Tether's Bitcoin Holdings Surpass $7.6 Billion, Reports Reveal
#Tether #Bitcoin #Investments #USTreasury #Profit #BTC
According to PANews, Tether has disclosed that its Bitcoin holdings exceed $7.6 billion. This announcement follows the release of Tether's first-quarter report, which highlighted that the company's U.S. Treasury holdings are nearing $120 billion. Additionally, Tether's traditional investment operations have generated profits exceeding $1 billion.#Tether #Bitcoin #Investments #USTreasury #Profit #BTC
π BNB Drops Below 600 USDT with a Narrowed 0.20% Increase in 24 Hours
#BNB #cryptocurrency #Binance #marketdata #USDT #trading #24hourchange
On May 01, 2025, 20:06 PM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.909973 USDT, with a narrowed narrowed 0.20% increase in 24 hours.#BNB #cryptocurrency #Binance #marketdata #USDT #trading #24hourchange
π EU Seeks Increased U.S. Goods Purchases Amid Trade Negotiations
#EU #USTrade #Negotiations #Tariffs #NaturalGas #AgriculturalProducts #TradeAgreement #FairTrade
According to Odaily, the European Union's chief negotiator has expressed Brussels' intention to increase purchases of U.S. goods by 50 billion euros to address trade relationship issues. The EU is reportedly making 'some progress' in reaching an agreement. However, EU Trade Commissioner MaroΕ‘ Ε efΔoviΔ stated that the EU will not accept the continuation of a 10% tariff on its goods as a fair resolution in trade talks. Ε efΔoviΔ noted that since the implementation of tariffs by U.S. President Donald Trump's administration, the U.S. and EU have made progress through multiple rounds of face-to-face and telephone negotiations. He emphasized that his goal remains to achieve a 'balanced and fair' agreement with the White House. Ε efΔoviΔ mentioned that the issue could be swiftly resolved as both parties agree to purchase more U.S. natural gas and agricultural products. Nonetheless, he cautioned that reaching an agreement that is 'clearly good and acceptable' for EU member states and the European Parliament will be 'very difficult.'#EU #USTrade #Negotiations #Tariffs #NaturalGas #AgriculturalProducts #TradeAgreement #FairTrade
π Dollar's Decline Unlikely to Reverse Despite Tariff Removal, Says Strategist
#DollarDecline #TariffRemoval #USD #Macquarie #ThierryWizman #CurrencyMarket #EconomicOutlook
According to Odaily, Macquarie strategist Thierry Wizman has stated in a report that even if the Trump administration removes all tariffs, the U.S. dollar is unlikely to fully recover its recent losses. Wizman noted that beyond capital flight, there is a need to reduce reliance on the dollar due to the declining integrity of some U.S. institutions and systems. He suggested that the dollar will no longer be an indispensable currency, but rather an alternative to a few comparable currencies like the euro.#DollarDecline #TariffRemoval #USD #Macquarie #ThierryWizman #CurrencyMarket #EconomicOutlook
π Tether's Q1 2025 Financial Report Reveals Significant US Treasury Exposure
#Tether #Stablecoin #USTreasury #FinancialReport #Q12025 #USDT #MarketCapitalization #ExcessReserves #RenewableEnergy #ArtificialIntelligence #PeerToPeerCommunications #DataInfrastructure #USDC #DollarPegged #FinancialSystem #MarketRisks
According to Cointelegraph, Tether, the issuer of the largest stablecoin by market capitalization, has unveiled its financial results for the first quarter of 2025, highlighting substantial exposure to US Treasurys and a notable operating profit. The report reveals that Tether's assets include $98.5 billion in direct US Treasury bills, supplemented by over $23 billion through repurchase agreements and other cash-equivalent assets. This financial disclosure underscores Tether's significant involvement in the US Treasury market.
The announcement also details Tether's reserve holdings, indicating $5.6 billion in excess reserves for its USDt (USDT) stablecoin, a decrease from $7.1 billion in the previous quarter of 2024. As of May 1, the stablecoin boasts a market capitalization of $149 billion. The circulating supply of USDT increased by approximately $7 billion in Q1, accompanied by a 46 million rise in user wallets. Tether's strategic investments continue to be funded by its excess capital, with over $2 billion allocated to sectors such as renewable energy, artificial intelligence, peer-to-peer communications, and data infrastructure.
The stablecoin market remains predominantly dominated by tokens pegged to the US dollar, with USDT and Circleβs USDC collectively holding an 87% market share. The US Treasury's Q1 2025 report forecasts the market cap for dollar-backed stablecoins to potentially reach $2 trillion by 2028. However, European Union officials have expressed concerns regarding the risks associated with overreliance on dollar-pegged stablecoins. The Bank of Italy has warned that disruptions in the stablecoin market or the underlying bonds could have significant repercussions for other sectors of the global financial system. These developments highlight the growing influence and potential risks associated with stablecoins in the global financial landscape.#Tether #Stablecoin #USTreasury #FinancialReport #Q12025 #USDT #MarketCapitalization #ExcessReserves #RenewableEnergy #ArtificialIntelligence #PeerToPeerCommunications #DataInfrastructure #USDC #DollarPegged #FinancialSystem #MarketRisks