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The holdings disclosure is the first from a state investment board
Quick Take High fees might have caused the slowdown in Bitcoin active addresses, but it doesn’t appear to be the main culprit. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take DAI’s supply has climbed from 4.42 billion to 5.48 billion, a 24% jump in two months. When looking at the raw circulating supply of DAI, its supply has been on a downward trend for a while. This is an excerpt from The Block’s Data & Insights newsletter.
Bitcoin traded down after U.S. wholesale prices jumped 0.5% in April, another sign inflation remains sticky.Traders are looking at Tuesday’s PPI reading and Wednesday’s CPI data for clues on rates.
Polymarket Labs has raised $70 million across two rounds, the most recent led by Peter Thiel’s venture capital firm Founders Fund. Ethereum co-founder Vitalik Buterin is also among the decentralized prediction market platform’s backers.
Paxos tapped Giancarlo, who has also been nicknamed “CryptoDad,” to serve on its board of directors. Giancarlo was chair of the CFTC from March 2017 to April 2019, where he oversaw the first bitcoin futures products being launched.
- 08:58The probability that the United States will completely ban TikTok on Polymarket by May 2025 has risen to 78%Golden Finance reports that Polymarket data shows the probability of the United States completely banning TikTok before May 2025 has risen to 78%, with current total bets nearing $3.28 million.
- 08:57Analyst: The stagnation of stablecoin supply indicates market risks, and if CPI data is higher than expected, it may trigger a significant pullbackAccording to CoinDesk, analyst Omkar Godbole pointed out that although Bitcoin has rebounded quickly from below $90,000, the stagnation of stablecoin supply may indicate market risks. Glassnode data shows that the total supply of the four major stablecoins USDT, USDC, BUSD and DAI remains at 189 billion dollars, with a net change of only 0.37% in 30 days, indicating a lack of new funds entering the market. Analysts believe that if the upcoming U.S. CPI data is higher than expected, coupled with last Friday's strong employment report, it could exacerbate market concerns about the Federal Reserve's interest rate cuts being less than expected and trigger significant downward fluctuations.
- 08:22Canary releases and Japanese Listed Companies increase their holdings of Bitcoin again, further demonstrating the trend of market institutionalizationOn January 15th, according to Arkham's monitoring data, Canary Release invested in purchasing 142.717 bitcoins from the CEX hot wallet in the past 20 hours, with a total value of about $13.11 million. This move marks Canary Release's continued consolidation of its position as one of the world's largest digital asset management institutions while maintaining strong confidence in the market. Meanwhile, Japan's Listed Company Remixpoint also recently announced its latest bitcoin increase. According to reports, the company completed the purchase of 33.34 bitcoins on January 14, bringing its total holdings to 333.189. This increase is part of its 3 billion yen additional purchase plan, indicating its intention to seize the opportunity to buy on dips during market fluctuations. Combining the actions of the two major institutions, the institutionalization trend of the Bitcoin market has further emerged. The continuous purchase of Canary Release and the strategic layout of Japanese companies indicate that Bitcoin not only continues to attract the attention of mainstream institutions internationally, but is also being seen as an Asset Allocation tool to cope with economic uncertainty. This dynamic injects new liquidity into the market and may also provide important support for price trends.