Bitcoin (BTC) makes a modest rebound, trading temporarily around $76,390 as of April 30. With support from Stripe, Meta has begun offering stablecoin payment services to some creators. Celsius founder Alex Mashinsky reached a $10 million settlement with the U.S. Federal Trade Commission (FTC) and is permanently banned from working in the crypto industry.
Macro Events & Crypto Market Hot Topics
1、According to CoinDesk, tech giant Meta has started offering stablecoin payment services to some creators with support from Stripe, with the first batch targeted at specific creators in Colombia and the Philippines. Eligible users can link a crypto wallet to receive USDC token payments issued by Circle on the Solana or Polygon blockchain.
Stripe will provide crypto-related reports, and users may receive tax documents from both Meta and Stripe. Meta’s community platforms have more than 3 billion users. This move marks Meta’s return to the stablecoin payments space after it shut down the Libra project (later renamed Diem) in 2022 due to regulatory scrutiny.
2、According to The Block, the U.S. Federal Trade Commission has issued a multi-billion-dollar judgment against former Celsius CEO Alex Mashinsky and permanently barred him from entering the crypto and financial services industries. The order was filed on Tuesday with the U.S. District Court for the Southern District of New York, and a $4.7 billion judgment was issued against Mashinsky, which is related to losses caused by the collapse of the 2022 Celsius crypto lending platform.
However, according to the filed documents, most of the judgment is stayed unless it is later found that Mashinsky “failed to disclose any material assets” or made other false statements about his financial condition; otherwise, he would only need to pay $10 million. In addition to the fine, the FTC also permanently bars Mashinsky from “promoting, marketing, advertising, offering, providing, or distributing” any products involving asset deposits, exchanges, or investments.
News Roundup
1、Tether plans to push Twenty-One Capital to merge with Strike and Elektron, integrating Bitcoin finance and mining businesses
2、World Liberty Financial has opened voting on token unlock proposals
3、SHIB early whales transferred 80 billion tokens to exchanges; their remaining holdings are valued at $588 million
4、Former Celsius CEO reaches a $10 million settlement with the FTC and is permanently banned from entering the crypto industry
5、With support from Stripe, Meta begins offering stablecoin payments to some creators
6、U.S. XRP spot ETF sees total net inflow of $3.5914 million in a single day
7、Grayscale Zcash Trust’s trading volume doubles compared with last month, and the ZEC shielded supply reaches an all-time high
8、The SWEAT protocol thwarted an attack worth several million dollars; user balances have been restored
9、Anthropic valuation may rise to more than $90 billion, surpassing OpenAI
10、The U.S. FBI, together with multiple countries, dismantled a “pig-butchering” crypto fraud ring and arrested 276 people
Market Overview
1、Latest Bitcoin update: $BTC it rebounds modestly and rises slightly, temporarily around $76,390. In the past 24 hours, $158 million has been liquidated, with long positions as the main liquidation.
2、U.S. stocks saw choppy movement on April 29. Investors also had to deal with rising oil prices, the Federal Reserve (Fed) interest-rate decision, and the financial reports of four well-known companies released after the close. The Philadelphia Semiconductor Index surged 2.4%, led by NXP. The Dow Jones Industrial Average fell 280.12 points, down 0.6%, closing at 48,861.81. The S&P 500 index edged down 2.82 points, down 0.04%, closing at 7,135.98. The Nasdaq Composite index inched up 9.44 points, up 0.04%, closing at 24,673.24.
(Source: Gate)
3、In the Gate BTC/USDT liquidation map, based on the current 76,267.80 USDT: if it drops to around $75,358, the cumulative amount liquidated for long positions exceeds $354 million. If it rises to around $77,704, the cumulative amount liquidated for short positions exceeds $489 million. The amount liquidated on the short side is significantly higher than on the long side. It is recommended to reasonably control leverage levels to avoid triggering large-scale liquidations amid market changes.
(Source: Coinglass)
4、In the past 24 hours, BTC spot inflows were $2.32 billion, outflows were $2.3 billion, and net inflows were $0.2 billion.
(Source: Coinglass)
5、In the past 24 hours, net outflows led for contracts including $ETH, $SOL, $XRP, $TRUMP, $XAU , and others, presenting trading opportunities.
Selected Views from X KOLs
Phyrex Ni (@Phyrex_Ni): “WTI is almost at $109 today. I’ve successfully added more positions at $106. As for whether, next, I can follow the script to get in touch with the control of the Strait of Hormuz, I don’t know. But I think $120 should be the short-term ceiling for WTI. I find it hard to imagine that when the war stops, oil prices could still be higher than during the war. Of course, just in case, I’m continuing to raise the liquidation price of the oil position.”
“What I need to say is that this is just my personal view. In today’s tweets, I’ve already detailed the reasons for my short on WTI. I’m not sure whether shorting will be profitable, but I believe that as long as the U.S. and Iran don’t continue fighting, the Strait of Hormuz should be clear sooner or later. Of course, I can’t be certain that I’m definitely right, but I’m doing exactly this. If I’m wrong, I’ll take responsibility for my decision.”
“Also today, there were Powell’s speech and the Fed’s FOMC meeting. The results were the same as expected—there was nothing new about the outlook. But personally, I still feel Powell is fairly dovish. He doesn’t think there is room for further rate hikes. And he is also very friendly toward Waller’s successor. At least I didn’t see anything particularly hawkish. Indeed, U.S. inflation is rising and oil prices are going up. The Fed keeping interest rates unchanged is itself what the market expects.”
“Looking back at the Bitcoin data: although $BTC ’s price continues to churn and move downward, investors have not shown signs of panic. Instead, the turnover rate is falling, which indicates that more investors aren’t interested in trading. The current positioning structure is still very solid, and we haven’t seen signs of panic among earlier investors.”
Today’s Preview
1、France first-quarter GDP advance estimate (QoQ), previous value 0.2%
2、Germany first-quarter seasonally adjusted GDP advance estimate (QoQ), previous value 0.3%
3、Germany first-quarter unadjusted GDP advance estimate (YoY), previous value 0.6%
4、France April CPI advance estimate (MoM), previous value 1.0%
5、Germany April seasonally adjusted unemployment rate (official), previous value 6.3%
6、Euro area April CPI advance estimate (MoM), previous value 1.3%
7、Euro area April CPI advance estimate (YoY), previous value 2.6%
8、Euro area March unemployment rate, previous value 6.2%
9、Euro area first-quarter GDP advance estimate (QoQ), previous value 0.2%
10、Euro area first-quarter GDP advance estimate (YoY), previous value 1.2%
11、UK official bank rate, previous value 3.75%
12、Euro area ECB refinancing rate, previous value 2.15%
13、Canada February GDP (MoM), previous value 0.1%
14、U.S. first-quarter real GDP advance estimate (annualized QoQ), previous value 0.5%
15、U.S. March personal consumption expenditures price index (MoM), previous value 0.4%
16、U.S. March personal consumption expenditures (MoM), previous value 0.4%
17、U.S. week-ago seasonally adjusted initial jobless claims (thousands) (through 0425), previous value 214
18、U.S. March personal income (MoM), previous value -0.1%
19、U.S. first-quarter personal consumption expenditures price index advance estimate (annualized QoQ), previous value 2.9%
20、Bank of England to release interest rate decision, meeting minutes, and monetary policy report
21、BOE Governor Bailey to hold a press conference on monetary policy
22、ECB to release interest rate decision
23、ECB President Lagarde to hold a press conference on monetary policy
24、No trading overnight before the China Labor Day holiday
