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Why has utility become such a losing bet?
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.
MicroStrategy expanded its preferred stock offering from $250M to $584M to support corporate initiatives and enhance its Bitcoin portfolio ahead of final sale conditions.
- 09:52Data: An address purchased $818,000 worth of ANI within half an hour, with an unrealized profit of $194,000According to ChainCatcher, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that address 5nESb...zRg4s spent $818,000 to purchase 20.34 million ANI tokens in the past half hour, with an average cost of $0.04009 per token, and is currently sitting on an unrealized profit of $194,000. This address has become the single largest ANI buyer in the past 24 hours. In addition, following Elon Musk’s tweet seeking name suggestions for Grok’s male companion, ANI’s market capitalization briefly surpassed $50 million.
- 09:52Greeks.Live: Community Shows Strong Bullish Sentiment Toward Ethereum, Focusing on Key Levels Such as $3,300 and $3,400According to ChainCatcher, Greeks.live macro researcher Adam released a brief to the Chinese community stating, "The group is showing strong bullish sentiment toward Ethereum, with a general consensus that Ethereum has completed its correction and will continue to rise, focusing on key price levels such as $3,300 and $3,400. Traders discussed 'Yi Yuanshuai's' large bullish options positions and deleveraging moves, paying close attention to his market outlook."
- 09:44Analysis: Trend Research Likely Needs to Sell Around 40,000 More ETH to Fully Unwind LeverageOdaily Planet Daily News According to on-chain analyst Yujin, Trend Research has transferred 48,900 ETH (worth $150 million) to an exchange today for partial liquidation, with an average price of approximately $3,083. They have already repaid about $67 million USDT in loans on Aave, with $207 million in outstanding loans remaining.Currently, they still hold around 133,000 ETH (worth $423 million). If they intend to fully repay all loans and completely unwind their leverage, as Yili Hua suggested, they would need to sell approximately another 40,000 ETH ($120 million). This means that in the end, they would be left with about 94,000 ETH in spot holdings (without leverage)?