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Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
The market is waiting for the Fed’s next move, or clarity around an ETF, say analysts
DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3.
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting the Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining.
- 00:47Goldman Sachs: Expects the US Dollar to Continue Its Decline Against Asian CurrenciesAccording to a report by Jinse Finance, Goldman Sachs stated that after recent progress in trade negotiations, the likely direction for the USD/Asian currency pair remains downward. It noted that despite recent progress in trade negotiations between China and the United States, the main themes in the market have not changed. These themes are: the trend of gradually diversifying investments away from U.S. assets is expected to continue; Asian exporters are likely to keep converting dollars into local currencies; if the Asian region engages in trade negotiations with the United States, currency depreciation may become more difficult. (Jin10)
- 00:45Overview of Key Overnight Developments on May 1421:00-7:00 Keywords: Uniswap, Wyoming, G-Token, Perpl 1. Trump: Stock market will rise significantly; 2. Trump calls on Powell to cut interest rates again; 3. Uniswap launches "one-click token swap" feature; 4. Wyoming to issue the first state-level stablecoin in the US in July; 5. Decentralized perpetual futures exchange Perpl completes $9.25 million funding, led by Dragonfly; 6. State Council Tariff Commission: Adjusts additional tariffs on imports originating from the US; 7. Thailand to issue $150 million "digital investment token" G-Token, targeting returns higher than bank deposits; 8. US SEC seeks comments on BlackRock Bitcoin ETF physical redemption and delays Solana and Dogecoin proposals.
- 2025/05/13 23:39Sky Q1 Losses $5 Million Due to 102% Increase in Incentive USDS Interest ExpensesOdaily Planet Daily News According to a report written by contributors from Steakhouse Financial, Sky (formerly MakerDAO) incurred a loss of $5 million in the first quarter of this year due to a doubling in interest payments to token holders. This loss is in stark contrast to the previous quarter when Sky achieved a profit of $31 million. The primary reason for the 102% increase in interest expenses is that Sky decided to incentivize users with higher rewards to adopt its newly launched stablecoin, Sky Dollar (USDS), to replace the existing DAI.