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Binance: Platform Operated Normally During Spain's Large-scale Power Outage, Advises Local Users to Manage Positions Promptly

3 hours ago

On April 28th, according to official information, Binance has indicated that they are cognizant that the majority of regions in Spain are currently undergoing temporary power outages. While the Binance platform is not impacted, certain users may encounter difficulties in accessing online services due to local infrastructure problems. Binance advises affected users to carefully examine all open positions and promptly handle any associated risks.
Relevant content

BitGo has become the first U.S. qualified custodian to support Marinade staking.

On April 28th, according to official information, BitGo has now attained the status of the first U.S.-qualified custodian to provide support for Solana's liquidity staking protocol, Marinade. Institutional clients are now able to stake Solana in a fully custodial and compliant manner and obtain staking rewards.

14 minutes ago

The current mainstream CEX and DEX funding rate displays a continued market divergence, with both bullish and bearish sentiments coexisting.

On April 28th, based on Coinglass data, the current mainstream CEX and DEX funding rates are showing a continuous divergence in the market, with both bullish and bearish sentiments present. The specific funding rates for major coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.

14 minutes ago

Glassnode: Bitcoin's New Holder Supply has been strong and selling pressure has been mild, helping to support the continuation of the upward trend

On April 28th, Glassnode presented the latest update on Bitcoin supply dynamics. It indicates that both first-time buyers and hodlers are continuously demonstrating strong participation, while profit takers are maintaining a moderate level of activity. This serves as a positive indication as it shows that the demand from newcomers and trend followers remains robust and no significant selling pressure has emerged, which is conducive to supporting the sustainability of the recent uptrend. Meanwhile, regarding Ethereum, the activity of first-time buyers has witnessed a significant rebound for the first time since February. Additionally, the momentum buyer activity over the past 7 days has been on the rise. However, the activity of profit takers is also increasing, which provides context for the recent slowdown in the recovery of the ETH price.

14 minutes ago

JPMorgan: Stablecoin Market Cap Expected to Reach $500 Billion to $750 Billion in the Next Few Years

On April 28th, JPMorgan Chase (JPM) indicated that the most likely estimate is that the market size of stablecoins is projected to expand to a range of $500 billion to $750 billion in the forthcoming years. Supposing that 70% of this is assigned to U.S. Treasury securities and 30% is allocated to Treasury repurchase agreements, stablecoin issuers would ascend to the third-largest purchaser of U.S. Treasury securities.

14 minutes ago

Analyst: Manufacturing Data Causes Dollar to Return to Lows

On April 28th, the analysts of the financial website Forexlive stated that the US Dollar has once again reached a low point. US stocks are maintaining stability while the dollar remains weak. The decline of the dollar is accelerating, which is an ominous sign. The latest downward movement occurred as the Dallas Fed manufacturing index fell to its lowest level since May 2020. The report is filled with concerns about tariffs and uncertainties in the real economy. The market is weighing whether all this bad confidence data really does predict an economic slowdown. Each such data point weakens the case for bullishness, especially after the strong rebound of US stocks and the dollar last week. (FXStreet)

14 minutes ago

Ika Receives Strategic Investment from Sui Foundation, Total Funding Surpasses $21 Million

On April 28th, according to chainwire, the Multiparty Computation (MPC) network Ika announced that it has obtained a strategic investment from the Sui Foundation. As a result, its total funding has reached more than 21 million US dollars. Furthermore, the network is on the verge of being launched on Sui.

14 minutes ago