Bit Push Weekend Key News Review:
【Tether Mints 2 Billion USDT on TRON Network in Single Day】
According to Whale Alert monitoring, Tether Treasury minted another 1 billion USDT on the TRON network 1 hour ago. A total of 2 billion USDT have been minted today.
Tether CEO Paolo Ardoino stated that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain exchange.
【US Military Bombs 3 Iranian Nuclear Facilities, Bit Drops to $100,837 Before Rebounding About 2.5%】
According to market news, the US military deployed 6 B-2 bombers this morning to bomb 3 Iranian nuclear facilities. US President Trump confirmed this on social media, stating "All aircraft have now left Iranian airspace. The main target, Fordow nuclear facility, was bombed with fully loaded bombs. All aircraft are safely returning. Now is the time to pursue peace. Iran must immediately agree to end this war."
According to HTX market data, affected by this news, BTC briefly dropped to a low of $100,837 and rebounded about 2.5% within the next hour, momentarily breaking through $103,000, currently priced at $102,988.
According to Coinglass data, the entire network liquidated $494 million in the past 4 hours, including $442 million in long liquidations and $51.75 million in short liquidations.
【Hong Kong Financial Secretary: Embrace Digital Asset Development, Become Global Top Cross-Border Asset Management Center in 2-3 Years】
According to the Hong Kong government press release, Financial Secretary Chen Maobo stated today that as of the end of March, Hong Kong had 976 registered funds, with over $44 billion in net capital inflows, a 285% increase. Family offices are expected to soon increase from 2,700 to 3,000. Hong Kong will become the world's top cross-border asset management center in 2-3 years. Recently, there's been strong market interest in digital assets, especially stablecoin issuance. The stablecoin legislation makes Hong Kong one of the first jurisdictions to establish a statutory regulatory framework for stablecoins. We embrace digital asset development and have accelerated improving related legal regulatory frameworks, such as issuing 10 licenses for virtual asset trading platforms, with 8 more applications under review.
【Negentropy Capital Announces Dissolution, Remaining Funds and Project Quotas to be Liquidated】
Negentropy Capital founder Billywen.sol announced on social platforms that after careful consideration, they will dissolve Negentropy Capital, liquidate the remaining fund and investment project quotas. Partners will take what they should, and he will restart as a solo VC investor like McGee.
During a time of crypto market liquidity drought with no visible hope, he feels a force compelling him to do something, not just for money but out of a sense of mission. The crypto market is at a moment of transformation, truly ready to change traditional banking, payment, stocks, securities, and even fiat currency!
Negentropy Capital previously invested in projects like Slerf, Taproot Chain, XShares, Her.AI, and MetaGPT.AI.
【AguilaTrades Closes 20x Leverage BTC Long Position and Opens 20x Leverage Short Position】
According to Onchain Lens monitoring, whale AguilaTrades has closed its Bitcoin (20x leverage) long position, with this trade resulting in a $16.61 million loss. Currently, AguilaTrades has opened a Bitcoin (20x leverage) short position with a position value of $81.84 million.
Overall, Águila has accumulated losses exceeding $32 million in the past three trades.
【Texas Governor Signs Bitcoin Reserve Bill SB 21, Now Official Law】
According to Bitcoin Laws, Texas Governor Greg Abbott signed the Bitcoin Reserve Bill SB 21, making it official law.
Texas is now the third state to have a Bitcoin reserve.
Previously, Texas Lieutenant Governor Dan Patrick announced that the Strategic Bitcoin Reserve Bill had bipartisan support, creating a state-managed fund that will only invest in cryptocurrencies with an average market cap of at least $50 billion in the past 12 months, eligible for state budget allocation. The bill also establishes a Strategic Bitcoin Reserve Advisory Committee to guide fund management and requires a report on holdings every two years.
【US SEC Meets with Dinari to Discuss Multi-Chain Tokenized Securities Trading System Proposal】
The US Securities and Exchange Commission (SEC) announced a meeting with blockchain financial company Dinari and Wilmer Cutler Pickering Hale and Dorr law firm representatives to discuss methods of addressing crypto asset regulation, including providing more details about their proposal for a tokenized securities trading system supporting multiple blockchains and its legal framework.
【French Parliamentarian Invites Jan3 Founder to Discuss "Strategic Bitcoin Reserve"】
According to Cointelegraph, European Parliament member Sarah Knafo has invited Jan3 founder Samson Mow to visit France to explore establishing a "strategic Bitcoin reserve" and promoting friendly regulation. Mow expressed anticipation of sparking a "national-level Bitcoin adoption wave" in France and across Europe.
This comes as French public and private sector Bitcoin participation continues to increase, including Bpifrance, a state-owned bank, announcing a $27 million investment in local crypto projects, and Europe's first Bitcoin treasury company, Blockchain Group, increasing its Bitcoin holdings to 1,471 coins.
【Apple Internally Discussing Acquiring Perplexity AI to Expand AI Business】
According to Bloomberg, sources reveal Apple executives are discussing acquiring Perplexity AI, which would help develop an AI-based search engine. Apple has a backup plan: if unable to acquire, they might team up to make Perplexity a search engine option for Safari. Previously, Zuckerberg's Meta abandoned acquisition talks and instead invested about $14 billion in Scale AI, obtaining a 49% stake.
【Nasdaq Approves AGM Group's Continued Listing Request for Blockchain ASIC Chip R&D】
Blockchain ASIC chip R&D company AGM Group announced receiving a Nasdaq compliance letter, confirming it meets Nasdaq listing rule 5550(a)(2) bid price requirements, thus approving its request to continue listing on the Nasdaq Capital Market. AGM Group previously received a Nasdaq delisting notice in April, which it subsequently appealed.
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