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This week’s crypto news covers Pi Network’s integration with Chainlink, Mantra’s OM token crash, Grayscale’s altcoin update, and rumors surrounding XRP and SWIFT. A weakening US dollar also boosts Bitcoin’s price.
US Treasury plans to issue over $31 trillion in bonds this year—around 109% of GDP and 144% of M2. This would be the highest recorded level of bond issuance in history. How will it impact the crypto market? Heavy supply may push yields higher, as Treasury financing needs outstrip demand. Higher yields increase the opportunity …
Crypto whales showed increased interest in Cardano (ADA), ApeCoin (APE), and Toncoin (TON) in mid-April 2025, hinting at a possible market rebound as they accumulate these altcoins.
- 19:02WTO Director-General: US Tariff Measures Pose Challenges to Global TradeOn the 13th in Tokyo, Japan, World Trade Organization Director-General Iweala stated that the U.S. tariff measures pose a challenge to global trade. According to Bloomberg News, Iweala mentioned during a meeting with Japanese Prime Minister Shigeru Ishiba in Tokyo that the current trade sector is facing very severe conditions, but there are also many opportunities, which should be used as a chance to address challenges. Additionally, according to the Japan Broadcasting Corporation, Iweala and Ishiba agreed on the necessity of working together to address issues such as the defects in the WTO dispute resolution mechanism and to restore the cohesion of the WTO.
- 18:49Crypto Stocks Rise as U.S. Inflation Eases, Analysts Anticipate "Catch-up Rally"The U.S. Consumer Price Index (CPI) for April fell to 2.3%, slightly below the expected 2.4%, while the core CPI remained unchanged at 2.8%, in line with market expectations. This marks the lowest inflation rate in four years and the third consecutive month of decline. David Hernandez believes the report indicates that "the economy seems to be performing strongly," despite price pressures from tariffs. He stated that the Federal Reserve's 2% inflation target seems increasingly achievable, which may influence upcoming interest rate decisions. Coinbase's stock price surged by 16% after the U.S. stock market opened that day, leading to an overall rebound in cryptocurrency-related stocks, with Bitcoin and Ethereum prices also recovering. However, on May 13, the cryptocurrency market as a whole fell by about 3.4% due to profit-taking. Analysts believe this trend reflects the blockchain industry's stocks rebounding from the latest trade tensions.
- 18:17Data: Abraxas Capital purchased 33,482 ETH again in the past 12 hoursAccording to Lookonchain monitoring, Abraxas Capital has purchased an additional 33,482 ETH ($84.7 million) in the past 12 hours, bringing its total purchases over the past 6 days to 211,030 ETH ($477.6 million).