BTC breaks through $93,000 Tesla holds nearly $1 billion Bitcoin

Reprinted from jinse

04/23/2025·26D

Headlines

▌ BTC breaks through $93,000

The market shows that BTC broke through $93,000 and is now at $93,019.99, with a 24-hour increase of 6.83%. The market fluctuates greatly, please do a good job in risk control.

▌Tesla has not conducted any cryptocurrency transactions in the past three months and currently holds nearly $1 billion in Bitcoin

Tesla holds nearly $1 billion in Bitcoin. The Financial Accounting Standards Committee now requires digital assets to be marketed every quarter. Tesla's first-quarter revenue was US$19.34 billion, which was lower than analysts' expectations, which had previously expected revenue of US$21.37 billion.

As of March 31, Tesla's digital asset holdings were worth $951 million, down from $1.076 billion on December 30 last year, a change caused by a decline in Bitcoin's price. Tesla currently holds 11,509 bitcoins on its balance sheet. According to Arkham data, Tesla has not made any transactions in the past three months.

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$93,544.77, with an intraday increase of +6.9% ;

ETH's latest transaction price is US$1,755.79, with an intraday increase and decrease of +11.4 % ;

BNB's recent transaction price is US$618.45, with an intraday increase of +3.6% ;

SOL's latest transaction price is US$148.87, with an intraday increase and decline of +9.1 % ;

DOGE's recent transaction price is US$0.1792, with an intraday increase and decrease of +12.8 % ;

XPR's recent transaction price is US$2.22, with an intraday increase and decline of + 6.7 % .

policy

Michael Saylor: The new US SEC chairman has a positive attitude towards Bitcoin

According to Watcher.Guru, Michael Saylor said: "SEC Chairman Paul Atkins will be positive about Bitcoin."

Previously, Paul Atkins was sworn in and replaced Gary Gensler as chairman of the US SEC.

Blockchain application

▌EU data regulators have proposed rules to limit the way individual blockchain data storage

According to Decrypt, the EU Data Protection Commission has approved a draft rule on how personal data can be stored and shared on the blockchain. The EU Data Protection Commission (EDPB) said the new guidelines limit access to stored information and comply with the protection provisions of the General Data Protection Regulation (GDPR).

The EDPB approved these rules this month and opens public comments with a deadline of June 9.

“Some features of blockchains may present challenges when meeting GDPR requirements,” the new guide states. The guide emphasizes the need for design and default data protection, as well as adequate organizational and technical measures. “In general, if conflicts with data protection principles, personal data should be avoided.”

▌ XRP Ledger Foundation discloses "serious vulnerabilities" in the latest updated version of XRPL JavaScript library

XRP Ledger Foundation says there is a potential vulnerability in the latest version of the XRPL JavaScript library used to build applications and urges affected projects to update to the patched version of the code. The problem was discovered by Charlie Eriksen, a malware researcher at Aikido Security, who said the "backdoor" could lead to "potentially disastrous" supply chain attacks.

Cryptocurrency

Chiliz meets with the US SEC Cryptocurrency Working Group to discuss plans to return to the US market

SportsFi company Chiliz has met with the U.S. Securities and Exchange Commission (SEC) to discuss investing and re-entering the U.S. cryptocurrency market under the cryptocurrency-friendly White House, as well as boosting transparency in digital assets.

▌Bitcoin market share rose to a new high in the past four years, and it has previously seen a subsequent rise in counterfeiting.

According to TradingView data, Bitcoin market share (BTC.D) rose to 64.61% today, a record high since February 2021. The high market share of Bitcoin shows the silence of the counterfeit market, but it also represents a bottoming out rebound. According to previous historical data, when Bitcoin's market share surged to 60% in November last year, altcoins started a bull market. In 2019 and 2021, the Bitcoin market share reached a high of 70%, and then ushered in a magnificent general market.

Cantor to launch a $3 billion crypto joint venture with SoftBank and Tether

According to FT, three people familiar with the matter revealed that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and Bitfinex to create a multi-billion-dollar Bitcoin acquisition platform. The platform raised $200 million in January and will use the funds to create a new company called 21 Capital, which will receive $3 billion worth of Bitcoin from other investors and companies. Tether will invest $1.5 billion in Bitcoin, while SoftBank and Bitfinex will invest $900 million and $600 million respectively.

▌ Unicoin rejects US SEC 's request for law enforcement investigation and settlement

Unicoin CEO Alex Konanykhin revealed in a letter to investors on Tuesday that Unicoin rejected the Securities and Exchange Commission’s attempt to negotiate a settlement to end an investigation into the Miami-based cryptocurrency company.

The US SEC issued a Wells notice to Unicoin in December last year, saying it could take enforcement actions against alleged securities violations. Unicoin's CEO claims that the US SEC's actions seriously damaged the company's financial prospects.

▌The US listed company DeFi Dev Corp increases its holdings of SOL worth US$11.5 million

US listed company DeFi Development Corporation (formerly Janover Inc.) announced an increase in holdings of 88,164 Solana (SOL), worth approximately US$11.5 million. After this purchase, the company's total Solana holdings increased to 251,842 units, worth approximately US$34.4 million (including pledge rewards). It is reported that Janover is an artificial intelligence platform connecting the commercial real estate industry. It announced today that it has been renamed DeFi Development Corporation.

Important economic trends

▌Trump : Unintentional to fire Powell, calling for the Fed to cut interest rates

U.S. President Trump said in his inauguration ceremony at the SEC President Atkins on Tuesday local time that he had no intention of firing Fed Chairman Powell, although he was disappointed that the Fed did not cut interest rates faster. "Never," Trump told reporters, "the media always messed up things. I don't plan to fire him. I want to see him be more aggressive in the idea of lowering interest rates." Trump said, "Grocery prices have fallen, everything is falling. The only thing that hasn't dropped but hasn't risen much is interest rates." Trump said, "We think the Fed should lower interest rates, and now is the perfect time. We hope our chairman can (cut interest rates) early or on time, rather than being late." Trump also said that the stock market has risen well.

▌Musk : It will "significantly" withdraw from DOGE work in May

Tesla CEO Elon Musk said that he expects to invest significantly in the Ministry of Government Efficiency (DOGE) in May, and he will devote more time to Tesla. As long as the president wants, I will spend "one or two" on the Ministry of Efficiency every week. I have been subject to some objection to the work involved in the Ministry of Efficiency of the Government; the department has made some progress in addressing waste and fraud. Those who have received wasted money are attacking me and my business. Continuing to work with the Ministry of Efficiency is the right decision. The work of the Ministry of Efficiency of the Government has been "basically completed".

▌Trump : The huge trade losses caused by the Biden administration will be gone forever

U.S. President Trump said that in the last year of Biden's tenure, we lost $5 billion a day, and their actions in trade were simply a disaster. Now, this number has been greatly reduced because we have received 25% tariffs from the automotive industry, and 25% tariffs from the steel and aluminum banks, and the basic tariffs are 10%. We have almost lost $2 trillion in trade. But those days have passed and we won't let them repeat themselves again. We won't allow something like that to happen again.

▌The probability of the Federal Reserve keeping interest rates unchanged in May drops to 91.7%

According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 91.7%, and the probability of cutting interest rates by 25 basis points is 8.3%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.8%, the probability of a cumulative interest rate cut of 25 basis points is 61.8%, and the probability of a cumulative interest rate cut of 50 basis points is 5.3%.

▌Spot gold has expanded its short-term decline, falling nearly 2% intraday

Spot gold's short-term decline expanded, falling nearly 2% intraday, with a minimum of $3317.07 per ounce.

Standard Chartered: Severing Powell will damage the US dollar and boost safe-haven assets

Steven Englander, a strategist at Standard Chartered in New York, said that if U.S. President Trump fulfills the threat of dismissal of Federal Reserve Chairman Powell, it will lead to inflation rising, weaken the dollar and prompt funds to flow to the euro, the yen and the Swiss franc. “Trying to remove Powell (or lead to his resignation) could lead to a significant increase in the actual risk premiums of inflation, the U.S. Treasury yield curve and other dollar asset markets across the board,” he wrote in a report dated April 21. “The dollar will weaken, and this devaluation is not in a way that enhances competitiveness, but in a way that reduces capital supply into the United States and increases the pressure on interest rates. The most likely benefit will still be safe-haven currencies such as the euro, the yen and the Swiss franc.”

▌Federal Official Kashkari: Must ensure that tariffs do not trigger sustained inflation

Minneapolis Fed President Neel Kashkari said the Fed has a responsibility to ensure that tariffs do not trigger ongoing inflation problems, which responds to recent remarks by Fed Chairman Powell. “We are just not sure now whether this is a one-time impact on inflation or a long-term impact,” Kashkari said at a U.S. Chamber of Commerce event in Washington on Tuesday. “Our Fed’s job is to make sure that this does not have a longer-term impact.”

Golden Encyclopedia

▌What is compressed NFT?

Compressed NFT is a non-fungible token (NFT) designed to reduce the cost of storing and using NFTs for transactions on the Solana blockchain. Compressed NFT provides several prominent key advantages in the blockchain ecosystem. They are affordable, greatly reducing minting and storage costs, allowing creators and businesses to use blockchain technology without financial obstacles. Furthermore, cNFT contributes to more environmentally friendly blockchain practices by reducing storage requirements and thus reducing energy use. These properties make cNFT a potential game changer for scalable, environmentally friendly and innovative applications.

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