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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.
- 15:45Over the past 24 hours, total liquidation across the network reached $140 million, with both long and short positions affectedAccording to Coinglass data, in the past 24 hours, the total liquidation across the cryptocurrency market network reached $140 million, with long positions liquidating at $82.097 million and short positions at $57.8692 million. BTC total liquidation amounted to $17.4803 million, and ETH total liquidation amounted to $28.9123 million.
- 15:45ProShares Trust's 8 Crypto Futures ETFs to Take Effect on April 30According to documents from the U.S. SEC, eight crypto futures ETFs registered by ProShares Trust with the U.S. SEC on January 17, 2025, are set to take effect on April 30. Public records indicate that ProShares Trust registered eight crypto futures ETF products with the U.S. SEC on January 17, 2025, which include four Solana futures ETFs (ProShares Solana ETF, ProShares UltraShort Solana ETF, ProShares Ultra Solana ETF, ProShares Short Solana ETF) and four XRP futures ETFs (ProShares XRP ETF, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF). April 2, which is 75 days later, was the initially proposed effective date and also the final decision date for the U.S. SEC regarding these eight ETFs, yet the U.S. SEC did not respond by the deadline. ProShares Trust submitted amendments to the U.S. SEC on April 15, with all eight ETFs set to take effect on April 30. According to former Fox reporter Eleanor Terrett, the ProShares Trust's 8 crypto futures ETFs are applications for futures and leveraged/inverse products, which do not require the U.S. SEC's “approval” like spot products. As long as the U.S. SEC does not raise objections within a certain period after the application is submitted, these products will take effect.
- 14:33Data: Crypto Market Net Inflow Nears $9 Billion in the Past WeekCrypto analyst @ali_charts posted on social media that in the past week, the crypto market saw a net inflow of nearly $9 billion, indicating a strong resurgence in investor interest.