Bitcoin maintained its stability around $26.5K despite positive job and productivity data, while Ethereum's price remained steady just above $1,800. The US economy grew by 1.3% in the third quarter, but equity markets remained stagnant, with major cryptos showing mixed results. Nvidia's focus has shifted to AI as its revenue from GPUs for gamers has been declining rapidly. The debt limit of Bitcoin is currently in a holding pattern, and crypto investors are closely monitoring negotiations about the US debt ceiling.
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Bitcoin Remains Stable Despite Positive Economic Data and Nvidia's Growth in AI
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Survey: 75% of Nigerians Confident in Using Bitcoin for Financial Transactions
A new survey shows that 75% of Nigerians are confident in using Bitcoin for financial transactions. This survey result comes at a critical time in Nigeria's traditional financial market. In recent months, the Nigerian currency, the Naira, has sharply declined, and the government is trying to maintain the Naira exchange rate while also targeting cryptocurrency. One of the measures recently taken by the Nigerian Securities and Exchange Commission (SEC) regarding the cryptocurrency industry is to propose a significant 400% increase in registration fees for cryptocurrency exchanges. -
Amaranth Foundation founder spent $24.7 million to buy 7,814 ETH
According to Spot On Chain, James Fickel, founder of Amaranth Foundation, spent $24.7 million in the past 40 minutes to purchase 7,814 ETH at a price of approximately $3,161 per coin. This giant currently provides Aave with 128,516 ETH ($404 million) and 40.97 million USDC, and has borrowed 2,266 WBTC ($146 million), seemingly trading long on the ETH/BTC pair since December 2023. -
The total market value of stablecoins exceeds 158 billion US dollars, and USDT has a market share of 69.8%
According to DefiLlama data, the total market value of stablecoins has reached 158.197 billion US dollars, with a 7-day growth rate of 0.16%. Among them, the market value of UDST is 110.426 billion US dollars, with a market share of 69.8%. -
Bitcoin spot ETF has a cumulative net inflow of US$12.082 billion, and Grayscale GBTC has a cumulative net outflow of over US$17.1 billion
According to Farside Investors, the cumulative net inflow of Bitcoin spot ETF has reached 12.082 billion US dollars since its launch. Among them: -
Rune DOG•GO•TO•THE•MOON ranked first in transaction volume in the past 24 hours
According to Ord.io on social media platform, the top 5 trading volumes for runes in the past 24 hours are: -
Franklin Templeton Tokenizes $380M U.S. Treasury Fund on Polygon and Stellar
According to Cryptoslate, Franklin Templeton tokenized a $380 million US government bond fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries.The company launched the Franklin on-chain US government money fund (FOBXX) in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on public Polygon and Stellar blockchains. This innovation aims to simplify transactions and expand access, allowing investors to manage their assets more flexibly through direct trading.Franklin Templeton is incorporating blockchain technology into its financial operations to enhance asset management liquidity and efficiency. The company is responding to the growing demand of financial institutions by integrating traditional financial structures with modern technological solutions. -
The US GDP seasonally adjusted annualized rate in the first quarter was 1.6%
The seasonally adjusted annualized initial value of US GDP for the first quarter was 1.6%, estimated at 2.5%, and the previous value was 3.4%. -
The total open interest of Bitcoin contracts on the entire network reached 31.41 billion US dollars
According to Coinglass data, the total open position of Bitcoin futures contracts on the entire network is 487,500 BTC (approximately 31.41 billion US dollars).Among them, the open position of CME Bitcoin contracts is 143,600 BTC (approximately 9.23 billion US dollars), ranking first;The open position of Binance Bitcoin contracts is 109,400 BTC (approximately 7.07 billion US dollars), ranking second. -
Bitcoin mining difficulty increased by 1.99% to 88.1T yesterday, a record high
According to BTC.com data reported by Jinse Finance, the mining difficulty of Bitcoin has increased by 1.99% to 88.1T at block height 840,672 (22:51:52 on April 24), reaching a new historical high. Currently, the average network computing power is 642.78EH/s. -
Crypto mining company Argo mined 1,760 bitcoins last year and earned $50.6 million
Crypto mining company Argo Blockchain has released its 2023 financial year performance report, which includes:
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