JUST IN: 🇺🇸 Treasury Secretary Bessent says a central bank digital currency is a sign of weakness and he would not support the Fed issuing one.
JUST IN: 🇺🇸 Treasury Secretary Bessent says a central bank digital currency is a sign of weakness and he would not support the Fed issuing one.
According to the latest calculation data from OKG Research, as of 2024, the annual settlement volume of stablecoin payments will reach $50.8 billion, accounting for 7.3% of the global personal cross-border remittance market (approximately $696 billion), and maintaining an annual growth rate of over 60% for two consecutive years. The report points out that on chain payments are gradually replacing traditional cross-border remittance channels with the advantages of low rates, real-time settlement, and 24/7 availability. OKG predicts that if the current growth rate is maintained, the cross-border settlement scale of stablecoins is expected to exceed 850 billion US dollars by 2030.
Odaily Planet Daily News: JPMorgan Chase (JPM) stated in a research report that despite the continuous upgrades of the Ethereum blockchain, its activity has not significantly increased. The bank pointed out that since the Dencun upgrade in March 2024, the average and total fees have decreased. The futures holdings indicate that institutions have played an important role in the recent rise of ETH. Data shows that the daily transaction volume of Ethereum has decreased by about 12%, and the daily active address count has decreased by about 20%. In addition, Ethereum has dropped to 17th place in the weekly revenue ranking of all blockchains and applications. (CoinDesk)
Monitor large orders in the market in real time and automatically generate report pushes. Open PRO members to view the full main data report
Odaily Planet Daily News: According to Lookonchain monitoring, 10 US Bitcoin ETFs had a net outflow of 1977 BTC today, including 1571 BTC from Fidelity, which currently holds 198291 BTC worth $20.95 billion; Nine Ethereum ETFs have a net inflow of 37685 ETH, with BlackRock receiving 19069 ETH. Currently, BlackRock holds 1389780 ETH worth $3.59 billion.
Bank of America analysts point out that compared to other countries and currencies, the negative impact of US tariffs on the US economy and the US dollar is more significant. The bank believes that tariffs may trigger retaliatory measures, and the scale of trade between the United States and the world exceeds that of other countries, making it more vulnerable to shocks. Data will determine the fate of the US dollar: if US economic indicators improve, investors may begin to ignore policy noise and support the US dollar; However, Bank of America expects data to be weak due to policy uncertainty that has led to stagnation in recruitment and investment plans, coupled with continued high tariffs. In addition, fiscal easing may push up borrowing costs.