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Analyst: Manufacturing Data Causes Dollar to Return to Lows

3 hours ago

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)
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Total Bitcoin Open Interest Surges to $63.24 Billion

On April 29th, according to Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges amounts to 674,790 BTC (approximately $63.24 billion). Among them, the open interest of Bitcoin futures on CME is 147,110 BTC (approximately $13.78 billion), ranking first. The open interest of Bitcoin futures on Binance is 115,730 BTC (approximately $10.85 billion), ranking second.

39 minutes ago

CZ: Had a one-on-one meeting with the founders of over 12 YZi Labs invested projects today and gained a lot.

On April 29th, the founder of Binance, CZ, posted on social media, stating, "Today, I had one-on-one meetings with more than 12 project founders. All of their projects are invested in by YZi Labs. I have gained a lot. Keep up the great work."

39 minutes ago

The Arizona Bitcoin Reserve Bill is set to undergo a final vote in the House of Representatives

On April 29th, according to Bitcoin Laws, the full session of the Arizona House of Representatives is scheduled to commence at 1 p.m. local time. The Bitcoin Reserve Bills SB1373 and SB1025 are on the agenda and are expected to undergo final voting.

39 minutes ago

Reuters: Abu Dhabi Sovereign Wealth Fund Plans to Launch Dirham Stablecoin in Partnership with Multiple Entities

On April 29th, as per Reuters, Abu Dhabi's sovereign wealth fund ADQ, the conglomerate IHC (IHC.AD), and the UAE's largest bank in terms of assets, First Abu Dhabi Bank (FAB.AD), announced on Monday their plans to launch a new stablecoin backed by the dirham. The dirham is the official currency of the United Arab Emirates (UAE). In a release, the three companies stated that this stablecoin will be fully regulated by the Central Bank of the United Arab Emirates. This move indicates further investment in the cryptocurrency space by Gulf countries.

39 minutes ago

CompoSecure, Baanx, and MetaMask will collaborate to launch a Metal Payment Card

On April 29th, according to The Block, fintech companies CompoSecure, Baanx, and MetaMask are set to globally launch the MetaMask Metal Payment Card in the second quarter. This MetaMask Metal Card enables users to make payments directly from their self-custody MetaMask wallet without the necessity of preloading, converting cryptocurrencies into fiat currency, or depending on centralized exchanges. All transactions are authorized through smart contracts and completed within five seconds. Users are mandated to hold their crypto assets in an on-chain wallet on the Linea network.

39 minutes ago

In the past 24 hours, the entire network has seen $269 million in liquidations, with the majority coming from long positions.

On April 29th, based on Coinglass data, the total value of liquidations across the entire network in the past 24 hours was $269 million. The long liquidations reached $179 million, while the short liquidations were $90 million.

39 minutes ago

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