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The holdings disclosure is the first from a state investment board
Quick Take High fees might have caused the slowdown in Bitcoin active addresses, but it doesn’t appear to be the main culprit. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take DAI’s supply has climbed from 4.42 billion to 5.48 billion, a 24% jump in two months. When looking at the raw circulating supply of DAI, its supply has been on a downward trend for a while. This is an excerpt from The Block’s Data & Insights newsletter.
Bitcoin traded down after U.S. wholesale prices jumped 0.5% in April, another sign inflation remains sticky.Traders are looking at Tuesday’s PPI reading and Wednesday’s CPI data for clues on rates.
Polymarket Labs has raised $70 million across two rounds, the most recent led by Peter Thiel’s venture capital firm Founders Fund. Ethereum co-founder Vitalik Buterin is also among the decentralized prediction market platform’s backers.
Paxos tapped Giancarlo, who has also been nicknamed “CryptoDad,” to serve on its board of directors. Giancarlo was chair of the CFTC from March 2017 to April 2019, where he oversaw the first bitcoin futures products being launched.
- 21:29ETH breaks through $3400, with an intraday increase of 2.00%The market shows that ETH has broken through $3400, currently quoted at $3401.10, with an intraday increase of 2.00%.
- 21:28Federal Reserve Beige Book: Employment overall is on the rise, future uncertainty increasesThe Federal Reserve's Beige Book noted that during the reporting period, overall employment saw a slight increase. Six Federal Reserve districts reported a slight increase in employment numbers, while six districts reported no change. Respondents from several service industries, including healthcare, continued to report growth in employment. Employment in the construction industry slightly increased, while manufacturing employment remained steady. Respondents from various industries pointed out difficulties in finding skilled workers and layoffs were still rarely reported. However, some respondents from reserve districts showed greater uncertainty about future staffing needs. The wage growth rate accelerated to a moderate level in most reserve districts, although there were also reports of easing wage pressure.
- 21:25Over the past hour, more than 50 million US dollars have been liquidated across the entire network, mainly short positionsCoinglass data shows that in the past 1 hour, a total of $50.6096 million has been liquidated across the network, including $13.7635 million from long positions and $36.8461 million from short positions.In addition, in the past 1 hour, ETH has been liquidated by $22.7998 million and BTC by $5.8789 million.