Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

News

Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Stablecoins flipped the script to surpass Visa in transaction volume
Stablecoins flipped the script to surpass Visa in transaction volume

Share link:In this post: Bitwise Crypto Market Review for Q1 2025 revealed that stablecoin transactions narrowly surpassed Visa’s payments. Stablecoin transaction volume rose by over 30%, and the market’s AUM hit an all-time high of over $218 billion, with a 13.5% increase quarter-over-quarter. Visa and Bridge announced a partnership to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America.

Cryptopolitan·2025/05/01 13:34
Bitcoin Sees Strongest April Since 2020 With 14.7% Gain
Bitcoin Sees Strongest April Since 2020 With 14.7% Gain

Bitcoin rose 14.7% in April—almost double its median monthly return—marking its best April performance since 2020.Bitcoin Defies History With Huge April RallyBreaking Down the NumbersLooking Ahead: What’s Next for BTC?

Coinomedia·2025/05/01 08:33
Flash
  • 14:55
    Bitwise Executive: Bitcoin Could Reach $1 Million by 2029 Driven by ETF and Government Demand
    PANews reported on May 1, according to Cointelegraph, that André Dragosch, Head of Research at Bitwise Europe, predicts Bitcoin could reach $1 million by 2029, surpassing gold's current market value of $21.7 trillion. His analysis indicates that Bitcoin's base target price for the 2025 cycle is $200,000, and if the U.S. government adopts a "budget-neutral" strategy to directly allocate Bitcoin, it could rise to $500,000. The first-year performance of the U.S. spot Bitcoin ETF exceeded expectations, with BlackRock's IBIT ETF setting a record for the fastest growth in history. Dragosch believes that as major investment banks like Merrill Lynch and Morgan Stanley gradually open their channels, "structural capital inflows" will extend the Bitcoin cycle.
  • 14:37
    Tether Releases Q1 Report: U.S. Treasury Holdings Near $120 Billion, Traditional Investment Operating Profit Exceeds $1 Billion
    PANews reported on May 1 that Tether released an attestation report for the first quarter of 2025, issued by BDO, confirming the accuracy of its financial data and Financial Reserves Report (FFRR), and disclosed its asset status as of March 31. The report shows that Tether's total exposure to U.S. Treasury bonds is nearly $120 billion (including indirect holdings), reaching a record high. This quarter, traditional investment operating profit exceeded $1 billion, mainly benefiting from the performance of the U.S. Treasury bond portfolio, with gold earnings partially offsetting cryptocurrency market volatility. Excess reserves reached $5.6 billion, reflecting its liquidity management capability. In terms of operations, the circulating supply of USDT increased by approximately $7 billion, and the number of user wallets increased by 46 million, a quarter-on-quarter growth of 13%. Additionally, Tether invested over $2 billion through Tether Investments in fields such as renewable energy and artificial intelligence, with management emphasizing that such investments are not included in stablecoin reserves but aim to promote a sustainable digital economy. As of March 31, Tether's total assets were approximately $149.275 billion, with total liabilities of about $143.683 billion, and asset size exceeding total liabilities.
  • 14:37
    Bitcoin ETF sees a net outflow of 382 BTC today, Ethereum ETF sees a net outflow of 1648 ETH
    PANews May 1st news, according to Lookonchain monitoring, today 10 Bitcoin ETFs saw a net outflow of 382 BTC, approximately $36.68 million. Among them, Fidelity had a single-day outflow of 1,462 BTC (approximately $140 million), with a current holding of 198,376 BTC, valued at approximately $19.07 billion. At the same time, 9 Ethereum ETFs experienced a net outflow of 1,648 ETH, approximately $3.03 million. Among them, Grayscale's ETHE had a single-day outflow of 3,987 ETH (approximately $7.32 million), with a current total holding of 1,144,481 ETH, with a market value of approximately $21 billion.
News