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Analysis: Mixed U.S. Economic Report May Prompt Fed to Turn Dovish, Benefiting Bitcoin Trend
Odaily Planet Daily News: Recent U.S. economic data has been mixed, including a slowdown in GDP growth, a decline in consumer spending, and a weak job market, leading to market expectations that the Federal Reserve may adopt a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down rate hikes or considers rate cuts, it will benefit risk assets such as Bitcoin. Citi's Chief Economist Andre Hollenhorst stated that a persistently weak labor market could prompt the Federal Reserve to cut rates faster than the market expects. Currently, the market only anticipates a 50 basis point rate cut by mid-2026. Bitcoin prices have recently fluctuated between $93,000 and $95,000, with investors focusing on the impact of Federal Reserve policy changes on its trend. (The Block)
Odaily Planet Daily News: Recent U.S. economic data has been mixed, including a slowdown in GDP growth, a decline in consumer spending, and a weak job market, leading to market expectations that the Federal Reserve may adopt a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down rate hikes or considers rate cuts, it will benefit risk assets such as Bitcoin. Citi's Chief Economist Andre Hollenhorst stated that a persistently weak labor market could prompt the Federal Reserve to cut rates faster than the market expects. Currently, the market only anticipates a 50 basis point rate cut by mid-2026. Bitcoin prices have recently fluctuated between $93,000 and $95,000, with investors focusing on the impact of Federal Reserve policy changes on its trend. (The Block)
President Trump on Trade Deal: I Think We Are Doing Very Well
Jinse Finance reports that U.S. President Trump talks about the trade agreement: I think we are doing very well. Previously, it was reported that U.S. President Trump stated that tariffs have not yet taken effect.
Jinse Finance reports that U.S. President Trump talks about the trade agreement: I think we are doing very well. Previously, it was reported that U.S. President Trump stated that tariffs have not yet taken effect.
Trump Claims to Be Brewing a "Beautiful Big Bill" Possibly Bigger Than Tariffs
According to a report by Jinse Finance, U.S. President Trump stated that the "big beautiful bill" currently in the works might be "bigger than tariffs." Trump praised Senate Majority Leader Thune for his legislative efforts and added that Democrats are "trying to block it at every turn," warning that "if they succeed, it would mean a 58% tax increase." Trump reiterated that the proposed spending bill would mean "the largest tax cut in American history."
According to a report by Jinse Finance, U.S. President Trump stated that the "big beautiful bill" currently in the works might be "bigger than tariffs." Trump praised Senate Majority Leader Thune for his legislative efforts and added that Democrats are "trying to block it at every turn," warning that "if they succeed, it would mean a 58% tax increase." Trump reiterated that the proposed spending bill would mean "the largest tax cut in American history."
BlackRock IBIT Bitcoin Holdings Surpass 600,000 Coins, Valued at $56.11 Billion
According to Lookonchain statistics, BlackRock's Bitcoin spot ETF IBIT increased its holdings by 25,430 BTC in the past 7 days, valued at $2.37 billion, bringing the total holdings to 601,209 BTC, valued at $56.11 billion.
According to Lookonchain statistics, BlackRock's Bitcoin spot ETF IBIT increased its holdings by 25,430 BTC in the past 7 days, valued at $2.37 billion, bringing the total holdings to 601,209 BTC, valued at $56.11 billion.
CME FedWatch: Probability of a 25 Basis Point Rate Cut in May is 5.1%
According to a report by Jinse Finance, based on CME's "Fed Watch" data, there are 7 days and 2 hours remaining until the next FOMC meeting of the Federal Reserve. The probability of a 25 basis point rate cut in May is 5.1%, while the probability of maintaining the current rate is 94.9%. The probability of the Federal Reserve maintaining the current rate until June is 29.9%, with a cumulative probability of a 25 basis point rate cut at 66.6%, and a cumulative probability of a 50 basis point rate cut at 3.5%.
According to a report by Jinse Finance, based on CME's "Fed Watch" data, there are 7 days and 2 hours remaining until the next FOMC meeting of the Federal Reserve. The probability of a 25 basis point rate cut in May is 5.1%, while the probability of maintaining the current rate is 94.9%. The probability of the Federal Reserve maintaining the current rate until June is 29.9%, with a cumulative probability of a 25 basis point rate cut at 66.6%, and a cumulative probability of a 50 basis point rate cut at 3.5%.
A newly created wallet withdrew 420 BTC worth $39.2 million from CEX an hour ago
According to Odaily Planet Daily, monitored by Lookonchain, a newly created wallet withdrew 420 BTC from a CEX an hour ago, valued at $39.2 million.
According to Odaily Planet Daily, monitored by Lookonchain, a newly created wallet withdrew 420 BTC from a CEX an hour ago, valued at $39.2 million.
Tether Announces Acquisition of 70% Stake in South American Sustainable Production Company Adecoagro
April 30 news, Tether announced the acquisition of a 70% stake in South American sustainable production company Adecoagro. After the acquisition is completed, there will be significant adjustments to the Adecoagro board of directors. The cooperation between Tether and Adecoagro began in September 2024, when Tether invested $100 million to acquire a 9.8% stake in Adecoagro.
April 30 news, Tether announced the acquisition of a 70% stake in South American sustainable production company Adecoagro. After the acquisition is completed, there will be significant adjustments to the Adecoagro board of directors. The cooperation between Tether and Adecoagro began in September 2024, when Tether invested $100 million to acquire a 9.8% stake in Adecoagro.
In the past 24 hours, $374 million in contracts were liquidated across the network, mainly long positions
NVIDIA CEO Jensen Huang: Trump Should Revise AI Chip Export Rules
Jinse Finance reports, NVIDIA CEO Jensen Huang: Trump should revise AI chip export rules.
Jinse Finance reports, NVIDIA CEO Jensen Huang: Trump should revise AI chip export rules.
Re7 Capital launches a $10 million fund focusing on the SocialFi sector
Re7 Capital announced the launch of a $10 million fund focusing on the SocialFi sector, aiming to support around 30 early-stage startups in this field. It is reported that the fund is led by Re7 Capital, with other supporters including Lens (a SocialFi platform founded by Aave's Stani Kulechov), Dan Romero (co-founder of Farcaster), and existing Re7 Capital limited partners. (The Block)
Re7 Capital announced the launch of a $10 million fund focusing on the SocialFi sector, aiming to support around 30 early-stage startups in this field. It is reported that the fund is led by Re7 Capital, with other supporters including Lens (a SocialFi platform founded by Aave's Stani Kulechov), Dan Romero (co-founder of Farcaster), and existing Re7 Capital limited partners. (The Block)