On April 15, Panama City Mayor Mayer Mizrachi announced that the capital will accept tax and municipal payments in cryptocurrencies such as BTC, ETH, USDC, and USDT once fiat conversion rails are in place. The local government is partnering with a bank to instantly convert crypto into USD, avoiding the need for new legislation. Panama City joins global jurisdictions like Colorado (USA), Lugano (Switzerland), and Vancouver (Canada), which are accepting or exploring crypto for taxes and public finance.
3 wallets bought a large amount of "Base is for everyone" before @base posted and sold them, making a profit of ~$666K.
0x0992 spent 1.5 $ETH($2,370) to buy 256.39M "Base is for everyone", and sold all for 108 $ETH($170.4K), making $168K.
https://gmgn.ai/base/address/lookonchain_0x099246cA997ACF47ada682c9c60F9ed0954Ad960
0x5D9D spent 1 $ETH($1,577) to buy 82.86M "Base is for everyone", and sold all for 169.7 $ETH($267.6K), making $266K.
https://gmgn.ai/base/address/lookonchain_0x5D9DAFf2E1e2D62d01da2737a0039DAcF4a7DE96
0xBD31 spent 1 $ETH($1,577) to buy 131.92M "Base is for everyone", and sold 109.92M "Base is for everyone" for 148 $ETH($233.4K), making $231.8K.
https://gmgn.ai/base/address/lookonchain_0xBD3183A293b3bEA81479bE052491207F1A328ADF
⭐️ Shiba Inu Weekly Burn Rate Resurges, Here’s Possible Reason
After weeks of relatively low burn activity, Shiba Inu’s burn rate is seeing a slow but notable rebound, according to the latest figures from blockchain tracker Shibburn.
The data shows that SHIB’s daily burn rate surged by 111.43%, with a weekly increase of 19.48%, marking a return of momentum to SHIB's deflationary mechanism.
💬 HOURLY SHIB UPDATE #SHIB Price: $0.00001161 (1hr -1.68% ▼ | 24hr -1.91% ▼ )
Market Cap: $6,849,456,816 (-1.83% ▼)
Total Supply: 589,252,130,002,997
TOKENS BURNT
Past 24Hrs: 62,314,267 (111.43% ▲)
Past 7 Days: 132,657,003 (19.78% ▲)
— Shibburn (@shibburn) April 16, 2025
While these weekly numbers may not match the ecosystem’s historic triple-digit burn surges, the uptick is sparking optimism in the SHIB community. Previously, the team had scaled back burn activities, signaling weak on-chain demand and subdued trading interest. But this renewed burn trend suggests things might be heating up again.
🔸 #SHIB bulls gearing up?
The SHIB burn strategy, which involves sending large amounts of tokens to dead wallets in an effort to reduce the circulating supply and drive scarcity, stands as a key indicator to SHIB’s adoption and potential performance.
The rebound in SHIB’s burn rate is traced to recent rise in whale accumulations following significant SHIB inflows experienced in recent days. U.Today has recently reported massive SHIB inflows which saw about a hundred and sixty billion tokens flowing into SHIB in just two days.
The report shows that large holders have significantly increased their accumulation following weeks of neutral movement, with net flows rising from almost zero to over 80 billion SHIB per day.
As of today, data shows that the inflow of SHIB's large holder has increased by more than 120% over the last 30 days. This suggests that high-profile investors within the SHIB ecosystem are regaining interest in the asset.
#Shibainu #Shiba
{spot}(SHIBUSDT)
The Bitcoin trading ratio between US and offshore exchanges (US vs. off-shore ratio) is flashing a strong bullish signal. After declining since BTC’s all-time high in January, the ratio is now reversing, with BTC transfer volumes on US exchanges starting to rise again—a pattern seen in past bull markets. Additionally, the 90-day SMA has crossed above the 365-day SMA, a classic technical signal often preceding major rallies. BTC reserves on exchanges have dropped to just 2.43 million—the lowest since 2018—indicating strong long-term holding sentiment. Meanwhile, the Stablecoin Supply Ratio (SSR) at 14.3 suggests there is still considerable buying power, reinforcing the potential for further upside in the market.
🇨🇳 China debates how to handle criminal crypto cache 🤑
China's growing pile of cryptocurrencies seized from illegal transactions is prompting local governments to find ways to dispose of the hoard and spurring calls from courts and the financial industry for better regulation.
🤐 Lawyers said the lack of rules around how authorities should handle seized bitcoin and other tokens, whose trading is banned on the mainland, has spawned inconsistent and opaque approaches that some fear could embolden lawbreakers and foster corruption.
China's local governments held an estimated 15,000 bitcoins worth $1.4 billion at the end of last year, ranking the state as the world's 14th biggest holder of the cryptocurrency, said bitcoin investment firm River.
Blockchain service provider Bit Jungle said it is legitimate for private companies to help local governments dispose of cryptocurrencies, as long as they ensure safety of the assets, sell them through licensed offshore exchanges, and comply with capital management rules.
"It is a highly profitable business that attracts more and more participants," said Sun Jun, a crypto-focused lawyer and a senior partner at Shanghai Landing Law Offices.
#BitcoinWithTariffs $BTC
{spot}(BTCUSDT)
𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐂𝐡𝐢𝐧𝐚 𝐑𝐞𝐣𝐞𝐜𝐭𝐬 𝐔𝐒 𝐓𝐫𝐚𝐝𝐞 𝐓𝐚𝐥𝐤𝐬 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐌𝐮𝐭𝐮𝐚𝐥 𝐑𝐞𝐬𝐩𝐞𝐜𝐭 – 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐢𝐬𝐞
China has made it clear: no trade negotiations with the US unless respect and equality are restored. This firm stance could reshape the direction of the ongoing economic standoff between the two global giants.
Here’s What It Means:
Diplomatic Freeze: Beijing demands fairness and mutual dignity in talks, putting a pause on any upcoming negotiations.
Market Jitters: A stalled dialogue could trigger volatility, especially in sectors heavily tied to US-China trade.
Risk of Retaliation: This could escalate the trade conflict, potentially leading to more tariffs and economic countermeasures.
Key Points to Watch:
Respect as the Baseline: China’s message is clear future dialogue must come from a place of equal footing.
Market Moves Incoming: Investors should prepare for possible swings as uncertainty grows.
What’s Next?
A measured US response could reopen the door to discussions, stabilize sentiment, and ease trade friction. If not, brace for increased tension, global supply chain strain, and potential financial disruption.