Daily News | BTC's Volatile Market Began, SUI Ecosystem Collectively Surged, CME Group to Launch XRP Futures
Crypto Daily Digest: Solana’s on-chain stablecoin market cap exceeded $12.8 billion, CME will launch XRP futures
As of press time, according to Farside Investors data, the US Bitcoin spot ETF had a total net inflow of $114 million yesterday, of which FBTC had a net inflow of $10.2 million and ARKB had a net inflow of $9,700. IBIT data has not yet been updated.
As of press time, Ethereum spot ETFs received inflows of $23.45 million yesterday, of which Grayscale ETH received a net inflow of $18.3 million, ETHW received a net inflow of $5.1 million, and ETHE received a net inflow of $6.6 million.
The top user of the Trump dinner is suspected to be Justin Sun
On April 25, according to the TRUMP official website, a user registered as “Sun” currently holds 1,176,803 TRUMPs, worth $14.32 million, surpassing “CASE” to top the list. The on-chain data analysis account Lookonchain said that the address “looks like” it belongs to Justin Sun, but no relevant evidence has been given so far, and whether it belongs to Justin Sun remains to be further confirmed.
Solana on-chain stablecoin market cap exceeded $12.8 billion
On April 24, according to DefiLlama data, the market cap of Solana’s on-chain stablecoins reached $12.884 billion, a record high.
CME Group to launch XRP futures
CME Group announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will be able to choose to trade micro futures (2,500 XRP) or large futures (50,000 XRP).
SEC Postponed Decision on Grayscale Spot DOT ETF Review
According to Solid Intel, the U.S. SEC has postponed its decision on the approval of Grayscale’s spot Polkadot ETF, and the specific time is currently unclear.
Market Trends: Sui eco tokens generally rose, and Bitcoin’s range-bound market begun
Market Hotspots
On April 25, according to the market data of Gate.io, Sui eco tokens experienced a general rise, among which CETUS rose 36% in 24 hours and is currently priced at $0.191; SEND rose 34.5% in 24 hours and is currently priced at $0.6897.
TrumpMeme tweeted to clarify that currently one does not need to hold tokens worth more than $300,000 to participate in the dinner, and the initial unlocked tokens and daily unlocked tokens in the next three months will be locked for an additional 90 days, which will not affect competition.
Mainstream Coins
After experiencing a general rise, the cryptocurrency as a whole has entered a period of consolidation and differentiation. Bitcoin’s support level is $91,500 and its resistance level is $94,500. Currently, the price is fluctuating within a box. As of press time, Bitcoin has just failed to hit $94,500 and has fallen back. The current price is $93,000.
Ethereum performed weaker than the market, with a 24-hour drop of 2.25% and a current price of $1,750. In this round of rebound, Ethereum’s rebound strength was limited, far lower than other blue-chip tokens.
There is a serious differentiation among Altcoins, with SUI and DOT ecos leading the gains. The current SUI token is priced at $3.34, up 10% in 24 hours, and the DOT token is currently priced at $4.25, up 4% in 24 hours.
Macro News: Expectations of rate cuts rose, US stocks and bonds surged
Cleveland Fed President Hammack ruled out a rate cut in May, but said the Fed could act as early as June if there was clear evidence of the direction of the economy. In early trading, Fed Governor Waller said he would support a rate cut if tariffs led to job losses, raising expectations for a rate cut and boosting U.S. stocks and bonds.
U.S. stocks rose sharply for the third consecutive trading day on Thursday, led by the Nasdaq Composite Index, which rose more than 2.7%. The Nasdaq rose more than 2% for three consecutive days, the first time since May 2001. The Dow Jones Industrial Average rose more than 1%, a gain of nearly 500 points.
