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Cointime April 6th News Express

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  • Binance CEO: Adoption by institutional investors will strengthen Bitcoin’s “digital gold” and hedging attributes

    On May 12th, Binance CEO Richard Teng stated in a post on X platform: "Against the backdrop of global economic uncertainty, Bitcoin remains the flagship cryptocurrency asset and a resilient store of value. With the adoption of institutional investors, it is expected that Bitcoin will play a more important role as a hedge tool and digital gold in diversified investment portfolios."
  • Tokyo-listed Beat Holdings raises Bitcoin ETF investment limit from $6.8 million to $34 million

    On May 12th, Tokyo-listed company Beat Holdings announced that it will increase the upper limit of its Bitcoin-related investments from $6.8 million to $34 million. The company has purchased 131,230 units of BlackRock's iShares Bitcoin Trust (IBIT) at an average purchase price of $49.49 per unit. As of May 9th, the unrealized gain on the holdings has exceeded $681,000. To support further investments, Beat Holdings has withdrawn $2.8 million from its revolving credit line, with an expected interest of approximately $150,000 generated within the year.
  • Bloomberg: G7 may discuss threats related to North Korea-backed crypto attacks in June

    According to Bloomberg, citing sources familiar with the matter, G7 leaders may discuss the escalating threat of North Korea-supported cyber attacks and cryptocurrency theft activities at next month's summit in Canada. The sources said that North Korea's funding of its regime through cybercrime has raised "serious alarms" - White House officials previously disclosed that North Korea is financing its military weapons program through cryptocurrency looting.
  • U.S. Treasury Secretary Benson: Expect first quarter GDP data to be revised upward

    US Treasury Secretary Besent: It is expected that the GDP data for the first quarter will be revised upwards.
  • Trump: I don't expect a third term as president

    President Trump said, "I do not look forward to a third term as president."
  • BTC falls below $95,500

    the market shows that BTC has fallen below $95,500, now trading at $95,494.83, with a 24-hour decline of 0.63%. The market fluctuates greatly, so please be prepared for risk control.
  • BTC breaks through $97,000

    the market shows BTC breaking through $97,000, now trading at $97,011.43, with a 24-hour increase of 0.85%. The market is volatile, please manage risks.
  • BTC breaks through $96,000

    the market shows that BTC has broken through $96,000 and is now trading at $96,014.98, with a 24-hour increase of 1.15%. The market fluctuates greatly, so please manage your risks well.
  • Why is Solana's Dogwifhat (WIF) memecoin crashing?

    WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
  • Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV

    Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.