News
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A whale withdrew 1.5 trillion PEPE, equivalent to $13.54 million, from CEX 8 hours ago
PANews reported on April 30 that, according to on-chain analyst Ember, a whale withdrew 1.5 trillion PEPE (equivalent to $13.54 million) from CEX 8 hours ago at an average price of $0.000009 per PEPE.
PANews reported on April 30 that, according to on-chain analyst Ember, a whale withdrew 1.5 trillion PEPE (equivalent to $13.54 million) from CEX 8 hours ago at an average price of $0.000009 per PEPE.
Cardone Capital Establishes New Fund, Plans to Acquire Over 1,000 Bitcoins
According to a report by Jinse, as reported by Cointelegraph, Cardone Capital has created a new fund with plans to acquire more than 1,000 bitcoins.
According to a report by Jinse, as reported by Cointelegraph, Cardone Capital has created a new fund with plans to acquire more than 1,000 bitcoins.
Data: Today's Fear and Greed Index is 56, indicating a "Greedy State"
According to ChainCatcher, data from Alternative.me shows that today's cryptocurrency Fear and Greed Index has dropped to 56 (yesterday it was 60), indicating that the market is in a "Greedy State".
According to ChainCatcher, data from Alternative.me shows that today's cryptocurrency Fear and Greed Index has dropped to 56 (yesterday it was 60), indicating that the market is in a "Greedy State".
Early UNI Allocation Address Transfers 9 Million UNI to CEX, Valued at $47.07 Million
According to Jinse, on-chain analyst Yujin monitored that an investor or institutional address receiving 9 million UNI from Uniswap in September 2020 has transferred all 9 million UNI (approximately $47.07 million) to CEX earlier today. This address had not recorded any outbound transactions previously, marking this as the first large-scale transfer.
According to Jinse, on-chain analyst Yujin monitored that an investor or institutional address receiving 9 million UNI from Uniswap in September 2020 has transferred all 9 million UNI (approximately $47.07 million) to CEX earlier today. This address had not recorded any outbound transactions previously, marking this as the first large-scale transfer.
The President of The ETF Store: Still Believes All Crypto ETFs Delayed by the SEC Today Will Be Approved This Year
According to a report by Jinse, The ETF Store President Nate Geraci disclosed that the U.S. Securities and Exchange Commission (SEC) today delayed the approval decisions for several cryptocurrency ETF applications. The products involved include Franklin's SOL and XRP ETFs, Grayscale's HBAR ETF, Bitwise's DOGE ETF, staking schemes for Franklin and Fidelity's Ethereum ETFs, Franklin's cryptocurrency ETF, and Invesco Galaxy's Bitcoin and Ethereum ETFs with physical redemption mechanisms. Nate Geraci stated that he still believes these products will be approved within this year.
According to a report by Jinse, The ETF Store President Nate Geraci disclosed that the U.S. Securities and Exchange Commission (SEC) today delayed the approval decisions for several cryptocurrency ETF applications. The products involved include Franklin's SOL and XRP ETFs, Grayscale's HBAR ETF, Bitwise's DOGE ETF, staking schemes for Franklin and Fidelity's Ethereum ETFs, Franklin's cryptocurrency ETF, and Invesco Galaxy's Bitcoin and Ethereum ETFs with physical redemption mechanisms. Nate Geraci stated that he still believes these products will be approved within this year.
JPMorgan: Robinhood's Crypto Business Revenue Expected to Decline in Q1 After Record in Late 2024
PANews, April 30, according to CoinDesk, JPMorgan analyst Kenneth Worthington predicts that Robinhood (HOOD)'s record crypto trading revenue in the fourth quarter of 2024 may not be sustainable, with digital asset trading volume possibly declining in the first quarter of 2025. The trading platform is set to announce its first-quarter earnings after the market close on May 1, Eastern Time.
The report shows that Robinhood's crypto trading revenue surged by 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue. However, impacted by a late-quarter sell-off in both stocks and bonds and a cryptocurrency market correction, crypto trading volume for the quarter is expected to decrease from $71 billion in Q4 to $52 billion. Assets under custody (AUC) are expected to decline by 5% quarter-over-quarter to $183.3 billion, but still up 41% year-over-year.
Despite a retail buying stimulus due to U.S. tariff policies at the beginning of April, analysts believe this is unlikely to reverse the first-quarter downturn. Weak demand for margin and derivatives trading may further drag down performance. JPMorgan maintains a "neutral" rating, lowering the target price by $1 to $44, implying about a 10% downside from the current $49 stock price.
PANews, April 30, according to CoinDesk, JPMorgan analyst Kenneth Worthington predicts that Robinhood (HOOD)'s record crypto trading revenue in the fourth quarter of 2024 may not be sustainable, with digital asset trading volume possibly declining in the first quarter of 2025. The trading platform is set to announce its first-quarter earnings after the market close on May 1, Eastern Time.
The report shows that Robinhood's crypto trading revenue surged by 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue. However, impacted by a late-quarter sell-off in both stocks and bonds and a cryptocurrency market correction, crypto trading volume for the quarter is expected to decrease from $71 billion in Q4 to $52 billion. Assets under custody (AUC) are expected to decline by 5% quarter-over-quarter to $183.3 billion, but still up 41% year-over-year.
Despite a retail buying stimulus due to U.S. tariff policies at the beginning of April, analysts believe this is unlikely to reverse the first-quarter downturn. Weak demand for margin and derivatives trading may further drag down performance. JPMorgan maintains a "neutral" rating, lowering the target price by $1 to $44, implying about a 10% downside from the current $49 stock price.
The market value of the Trump-backed stablecoin USD1 on the BNB Chain exceeds $1 billion
PANews reported on April 30 that, according to CryptoSlate, the market value of the Trump family-backed cryptocurrency project World Liberty Financial (WLFI)’s stablecoin USD1 has surpassed $1 billion on the BNB Chain. On-chain data shows that USD1 has been rapidly minted three times, continuously increasing its issuance on the BNB Chain, with hundreds of millions of dollars worth of USD1 issued there. Combined with the existing supply on Ethereum, the total market value of USD1 now exceeds $1.02 billion. Analysts believe that this move may be part of a broader promotional strategy aimed at expanding USD1's influence in DeFi protocols, cross-chain liquidity pools, and trading platforms.
PANews reported on April 30 that, according to CryptoSlate, the market value of the Trump family-backed cryptocurrency project World Liberty Financial (WLFI)’s stablecoin USD1 has surpassed $1 billion on the BNB Chain. On-chain data shows that USD1 has been rapidly minted three times, continuously increasing its issuance on the BNB Chain, with hundreds of millions of dollars worth of USD1 issued there. Combined with the existing supply on Ethereum, the total market value of USD1 now exceeds $1.02 billion. Analysts believe that this move may be part of a broader promotional strategy aimed at expanding USD1's influence in DeFi protocols, cross-chain liquidity pools, and trading platforms.
Yesterday, BITB had a net outflow of $24.4 million, and ARKB had a net outflow of $13.3 million.
According to Jinse, monitored data from Farside Investors indicates that yesterday, BITB had a net outflow of $24.4 million, and ARKB had a net outflow of $13.3 million.
According to Jinse, monitored data from Farside Investors indicates that yesterday, BITB had a net outflow of $24.4 million, and ARKB had a net outflow of $13.3 million.
U.S. SEC Delays Decision on Bitwise Spot DOGE ETF Application
According to ChainCatcher, the U.S. SEC has delayed its decision on the Bitwise Spot DOGE ETF application until June 15, 2025.
According to ChainCatcher, the U.S. SEC has delayed its decision on the Bitwise Spot DOGE ETF application until June 15, 2025.
The U.S. SEC Delays Decision on Three More Crypto ETF Applications, Including Grayscale Hedera Spot ETF
PANews, April 30 - According to PhoenixNews, the U.S. SEC has delayed its decision on the listing application for the Grayscale Hedera Spot ETF and the Franklin Solana Spot ETF, as well as the application to add staking features to the Fidelity Spot Ethereum ETF.
Previously, it was reported that the U.S. SEC also delayed its decision on the listing applications for the Bitwise Dogecoin ETF and the Franklin XRP Fund.
PANews, April 30 - According to PhoenixNews, the U.S. SEC has delayed its decision on the listing application for the Grayscale Hedera Spot ETF and the Franklin Solana Spot ETF, as well as the application to add staking features to the Fidelity Spot Ethereum ETF.
Previously, it was reported that the U.S. SEC also delayed its decision on the listing applications for the Bitwise Dogecoin ETF and the Franklin XRP Fund.