PA Daily | Bitcoin rises to fifth place in global asset market value; Tesla holds $951 million BTC
Reprinted from panewslab
04/23/2025·24DToday's news tips:
Trump: No intention to fire Powell, but the Fed should lower interest rates
Bitcoin rises to fifth place in global asset market value
Tesla holds $951 million worth of Bitcoin
Bitcoin spot ETF net inflows of US$936 million yesterday, lasting for 3 days
Today's Panic and Greed Index rose to 72, and the market sentiment is in a greedy state
Interoperability project Analog completes a new round of financing of US$15 million
Regulatory/Macro
Trump: No intention to fire Powell, but the Fed should lower interest rates
According to Cailianshe, US President Trump said the Fed should lower interest rates and he has no intention of firing Fed Chairman Powell. In addition, Trump also expressed his hope that Federal Reserve Chairman Powell would take more active actions on interest rates.
Bitcoin rises to fifth place in global asset market value
According to the latest data from 8marketcap, Bitcoin has surpassed Alphabet (Google) and rose to the fifth place in global asset market value.
Tesla holds $951 million worth of Bitcoin
According to Cryptonews, Tesla's latest financial report shows that as of the end of the first quarter, it held $951 million worth of Bitcoin, a slight decrease from $1.076 billion at the end of last year. This position began to accumulate in early 2021. According to Arkham data, Tesla did not conduct any crypto asset transactions this quarter and currently holds 11,509 bitcoins.
According to Sina News, US President Trump delivered a public speech on Tuesday (April 22) local time. He admitted that the US currently has too high tariffs on Chinese exports and the tax rate is expected to be significantly reduced. This marks a ease in Trump's attitude on his iconic tariff policy. On Tuesday, U.S. Treasury Secretary Bescent also said at a JPMorgan Chase event that the tariff war between China and the United States will cool down soon.
The three major U.S. stock indexes closed sharply, all rising by more than 2%.
According to Cailianshe, U.S. stocks closed sharply on Tuesday, with the Dow Jones Industrial Average up 2.66%, the Nasdaq rose 2.71%, and the S&P 500 rose 2.51%. European stock markets closed higher across the board, with the German DAX30 index rising 0.41%. International crude oil rose nearly 2%, spot gold fell about 1%, and once stood above $3,500 per ounce during the session.
Cantor to launch a $3 billion crypto joint venture with SoftBank and Tether to invest in Bitcoin
According to FT, three people familiar with the matter revealed that Cantor Fitzgerald, led by 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.
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%.
Viewpoint
According to IntoTheBlock monitoring, ETH's market value has increased by 12% in the past 24 hours. On-chain data shows that the future resistance is small, and the maximum potential selling pressure is around $1,860. If the area is broken, ETH is expected to further rebound to the psychological threshold of $2,000.
BitMEX co-founder Arthur Hayes said Trump may push tariffs again in the future, but Bitcoin will not be affected like tech stocks. Bitcoin will benefit from the high debt levels and the difficulty in maintaining deflation. He believes that the Treasury’s debt repurchase program provides liquidity for the market, allowing Bitcoin to find support in uncertainty. It is expected that Bitcoin may climb to $200,000 after it exceeds $110,000, which may trigger a trend of shifting from Bitcoin to other cryptocurrencies and launching a new "altcoin season".
According to official Matrixport, the price of Bitcoin has risen to $93,632, and the recent strong rebound has verified the optimistic outlook for Bitcoin. As market concerns about Trump’s tariff rhetoric weakened, speculation increased significantly, and the number of open contracts rose sharply. Although the key short-term stop loss at $95,000 has not yet broken, this breakthrough may soon be achieved as market confidence grows. Bitcoin appears to be regaining its bullish momentum.
Project News
Coinbase will launch tokenbot (CLANKER) on the Base network
According to the official announcement, Coinbase will launch tokenbot (CLANKER) on the Base network. Do not send this asset through other networks, otherwise funds may be lost. Transfers of this asset are open in areas where Coinbase and Coinbase Exchange support transactions. If liquidity conditions are met, the CLANKER-USD pair will be launched in phases at 0:00 or after April 24, with support in some regions likely to be limited.
DWF Labs reaches partnership with Mask Network and invests $5 million to buy $MASK tokens
DWF Labs announced a strategic partnership with Mask Network and invested $5 million to buy $MASK tokens, committed to promoting the development of the decentralized social layer and the Web3 ecosystem.
Important data
Bitcoin spot ETF net inflows of US$936 million yesterday, lasting for 3 days
According to SoSoValue data, yesterday (April 22 Eastern Time) Bitcoin spot ETFs had a total net inflow of US$936 million. Yesterday, the Bitcoin spot ETF with the largest single-day net inflows were Ark Invest and 21Shares ETF ARKB, with a single-day net inflow of US$267 million. Currently, the total historical net inflow of ARKB has reached US$2.868 billion. The second is Fidelity Bitcoin ETF FBTC, with a single-day net inflow of US$254 million. Currently, the total historical net inflow of FBTC has reached US$11.623 billion. As of press time, the total net asset value of Bitcoin spot ETF was US$103.345 billion, the net asset ratio of ETF (market value compared to the total market value of Bitcoin) reached 5.71%, and the historical cumulative net inflow has reached US$36.693 billion.
Today's Panic and Greed Index rose to 72, and the market sentiment is in a greedy state
According to Alternative data, the encryption panic and greed index rose to 72 today, and yesterday it was 47, and market sentiment is in a state of "greed". Note: The threshold of the Panic Index is 0-100, including indicators: volatility (25%) + market transaction volume (25%) + social media popularity (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%)
- Google Hot Word Analysis (10%).
Financing
Payment Gateway Inflow completed a seed round of $1.1 million, and Rockstart and other investments
Payment Gateway Inflow completed a seed round of $1.1 million, with Rockstart, GnosisVC, Alliance, Plug And Play, and Stake Capital participating. Angel investors include Ledger co-founder Nicolas Bacca, Primonial REIM co-founder Stephanie Lacroix, and TEMPUS SHOP founder Tempus.
Interoperability project Analog completes a new round of financing of US$15 million
According to CoinDesk, Analog, a blockchain project that unified liquidity across multiple networks, announced that it has raised $15 million through token sales, and digital asset financing company Bolts Capital has completed token purchases, bringing Analog's total support to $36 million. Analog plans to use the funds to develop interoperability tools such as Omnichain Analog Token Standard (OATS), which supports the transfer of replaceable and irreplaceable assets across blockchains. Also in preparation is Firestarter, a real-world asset (RWA) market for tokenizing real estate, collectibles and revenue-generating items.
Arch Labs completes $13 million Series A funding, led by Pantera Capital
According to Chainwire, Bitcoin infrastructure company Arch Labs completed a $13 million Series A financing with a valuation of $200 million. This round of financing was led by Pantera Capital, and other strategic investors were also involved. This funding will accelerate the development and release of ArchVM, which enables fast, secure and fully verifiable smart contract capabilities on Bitcoin. According to reports, Arch Labs is a software development company and a core contributor to Arch Network. Arch Network is a bridgeless execution platform that enables smart contract-like functionality on Bitcoin. Previously, Arch Labs raised $7 million, led by Multicoin Capital.
According to CoinDesk, DAO infrastructure provider Tally completed a $8 million Series A funding round aimed at expanding its governance technology to more crypto-native decentralized autonomous organizations (DAOs). This round of financing was led by AppWorks and Blockchain Capital, and BitGo and other companies participated. According to reports, Tally's most famous product is the Tally protocol, which supports infrastructure and helps leading protocols to effectively manage its DAOs, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol and Hyperlane. Originally a DAO governance tool, the platform has evolved into the most extensive software stack adopted by organizations on the Ethereum and Solana blockchains. Tally previously raised $7.5 million through two rounds of financing in 2021.
Astra Fintech sets up $100 million fund to support Solana's development in Asia
Astra Fintech, a global blockchain payment provider, announced that it has set up a $100 million fund to support the development of the Solana ecosystem in Asia, Cointelegraph reported. Through the fund, Astra Fintech plans to invest funds to accelerate the development of related projects and establish partnerships with developers, companies and regulators. The fund's operating base will be located in South Korea. The fund will focus on projects and developers working on PayFi solutions, i.e. a range of systems that leverage blockchain technology to facilitate payments.
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