According to a tweet by Miles Deutscher, Tether now holds more U.S. treasuries than Australia, the UAE, and Spain. Additionally, Tether's operating profits for the quarter exceeded $1 billion. For context, BlackRock, the world's largest asset manager, had a similar operating profit of around $1.6 billion. This news is astonishing.
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Tether Holds More U.S. Treasuries Than Australia, UAE, and Spain
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EigenLayer TVL falls back to $14.794 billion
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The total subscription volume of Hong Kong Bitcoin ETF yesterday was 101.6, and the Ethereum ETF showed net redemption for two consecutive days
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Crypto mining company Core Scientific mined over $175 million worth of Bitcoin in the first quarter
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A whale deposited 757.7 BTC to Coinbase 3 hours ago, worth about 47.6 million US dollars
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Grayscale GBTC has a cumulative net outflow of US$17.4865 billion, and ARKB has a cumulative net inflow of US$2.2447 billion
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Ethereum NFT daily trading volume on OpenSea fell to a two-year low, down more than 99% from its peak
On May 8th, former Proof researcher punk9059 stated on X platform that currently, OpenSea's daily trading volume on the Ethereum NFT market is about 600 ETH, which is the lowest level since the NFT bull market began in May 2021. This number is down 99.1% from the peak in May 2022, when OpenSea's daily trading volume reached 66,000 ETH. -
ETH falls below $3,000
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The total amount of Ethereum beacon chain staked is nearly 32.53 million ETH, and the ETH stake rate is 27.14%
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In the past 24 hours, the entire network has liquidated $137 million, and the total market value of cryptocurrencies is $2.433 trillion
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