Federal Reserve official expects one interest rate cut amid economic uncertainty According to Banyu News, Federal Reserve official Bostic indicated that due to prevailing economic uncertainties, one interest rate cut is expected this year. The U.S. economy is expected to grow at a rate between 1% and 0.5% in 2025. Despite the slowdown in growth, Bostic does not anticipate an economic recession.
Bitcoin Faces Significant Resistance Amid Uptrend According to BlockBeats, Coindesk analyst Omkar Godbole highlighted that the Bitcoin order book reveals a significant resistance challenge of $120 million while bulls attempt to continue the classic uptrend 'step by step'. Since April 9, the price of Bitcoin has risen from around $75,000 to $104,000, representing a 38% increase, with easing trade tensions and major market players beginning to deploy funds. To push the price of Bitcoin to the next uptrend phase, bulls need to overcome significant selling pressure, especially around the $105,000 mark, which constitutes a critical resistance area. Data from Kiyotaka.ai indicates that there are about $50 million in sell orders currently placed at $104,800 across several major trading platforms, with selling pressure at $105,000 reaching $70 million. Charts show that aggregated order books are heavily stacked at higher price ranges, indicating potential profit-taking as prices approach historical high levels. Both macro indicators and technical momentum indicators suggest that the current market's 'least resistance path' remains bullish, indicating that bulls will eventually absorb this selling pressure and push Bitcoin to new record levels.
Increase in Ethereum transaction fees by 160% due to increased on-chain activity According to BlockBeats, Ethereum has experienced a significant increase in transaction fees, rising by 160% this week. This surge is attributed to a substantial growth in on-chain activity. The rising demand for transactions on the Ethereum network has led to increased costs, reflecting current trends in network usage.
Wormhole Foundation Appoints New CEO According to BlockBeats, the Wormhole Foundation has announced the appointment of Aryan Motamanzadeh as its new CEO. Motamanzadeh will focus on transforming protocol fees, protocol-related revenues, and enhancing Wormhole's adoption among institutional clients. With over a decade of experience in leading startups, market entry strategies, and increasing profitability, Motamanzadeh has played a pivotal role in building companies like DoorDash and EasyPark from the ground up. His efforts have led these companies to achieve annual recurring revenues exceeding $350 million and facilitated initial public offerings and sales valued in the billions.
The illiquid supply of Bitcoin has exceeded 14 million, indicating a long-term holding trend. According to TechFlow, data from CryptoRank and Glassnode reveals that as of May 14, 2025, the illiquid supply of Bitcoin, which refers to Bitcoin held for the long term with minimal trading, has surpassed 14 million coins. This represents nearly two-thirds of the total supply of the asset. The data also indicates that in the past thirty days alone, 180,000 Bitcoin have been transferred to dormant wallets with limited spending history, reinforcing the long-term holding trend in the market. The charts show a clear positive relationship between illiquid supply and Bitcoin prices since 2019.
Peter Schiff Criticizes Investment Strategies in Bitcoin According to Fori Sight News, gold advocate and economist Peter Schiff recently expressed his views on Bitcoin investments through a social media post. Schiff criticized the idea of buying shares in companies whose sole aim is to buy Bitcoin, pointing out that this is more ridiculous than buying Bitcoin itself. He advised that if individuals want to invest in Bitcoin, they should buy the cryptocurrency directly. Conversely, if they are interested in investing in the stock market, they should choose companies with tangible business operations.
BNB has exceeded 650 USDT with a narrow decline of 0.65% over the last 24 hours On May 15, 2025, at 09:53 AM (UTC). According to Binance market data, BNB has surpassed the 650 USDT mark and is currently trading at 650.340027 USDT, with a narrow decline of 0.65% over the last 24 hours.
The realized market capitalization of Bitcoin shows steady growth after the April downturn. According to Foresight News, data from Glassnode indicates that the realized market capitalization of Bitcoin has increased by about 3 billion dollars after a period of stagnation in April. The current monthly growth rate is around 3%. While this increase confirms the return of capital inflow, it is still slower compared to the strong accumulation observed between November and December 2024.
$BTC Activation of dormant Bitcoin address after more than a decade According to PANews, a Bitcoin address holding 300 Bitcoins, valued at approximately 31.04 million dollars, was activated after being dormant for 11.1 years. The address, which was last active in 2014, held Bitcoins worth about 134,000 dollars at that time, according to Whale Alert.
According to Foresight News, Nick Tomino, founder of 1confirmation, expressed his belief that many still believe that Layer 2 solutions for Ethereum could harm ETH. However, he argues that Layer 2 solutions facilitate the development of cryptocurrency applications into independent application chains, giving developers more autonomy. This process also helps distribute ETH and strengthen the Ethereum Virtual Machine (EVM) developer ecosystem. Furthermore, increased activity on Layer 2 solutions could lead to ETH burns, reducing its supply.
#CryptoCPIWatch Rise of the U.S. Stock Market Boosted by Inflation Data Supporting the S&P 500 Index
According to Block Beats, U.S. stock markets gained on Tuesday, as the S&P 500 index managed to recover its losses for the year. Inflation data that came in below expectations helped push the market upward, continuing the recovery trend we have seen over the past month. The S&P 500 index has increased by 0.1% this year. Before U.S. President Donald Trump announced the 'Liberation Day' tariffs on April 2, rising trade tensions had negatively impacted U.S. stocks. Investors sold U.S. assets and lowered economic growth forecasts, leading to a decline in the index of up to 15%. However, after Trump suspended tariffs on most countries on April 9, traders returned to the stock market. Chip Perkins, director of equity funds at Putnam Investments, commented: "The main trend over the past few months has reversed immediately. The trade agreement between the U.S. and China is a major positive surprise."
$BTC Binance Alpha will launch NEXPACE (NXPC) trading on May 15; claims for the free token distribution begin on May 13
Binance Alpha announced that it will be the first platform to list and open trading for NEXPACE (NXPC), a digital asset eagerly anticipated. Trading will begin on May 15, 2025, marking the official debut of the NXPC market. Details of the free token distribution (Airdrop): The window for claiming the free token distribution opens: May 13, 2025 Eligible users must use Alpha points to claim their rewards The free token distribution page and complete activity rules will be published tomorrow on the Alpha event page.
#TradeWarEases ETH Experience for a Large Market Activity with Increased Leverage and Liquidations
According to Odaily, Michael Nado, the founder of the DeFi report, shared insights on ETH market trends on X. He noted a 40% increase in open interest for ETH over the past few days, indicating a rise in leveraged long positions. Additionally, the spot trading volume for ETH surged from $4-6 billion daily to $15-18 billion, suggesting a significant inflow of real capital. The funding rate has risen from 0.005% to 0.03%, and short liquidations have exceeded $85 million in recent days. Overall, these factors indicate an increase driven by real capital inflows, a rise in long positions, and pressure on short positions.
The market capitalization of small cryptocurrencies reaches a two-month high According to Odaily, the total market capitalization of cryptocurrencies excluding the top ten, known as 'Others', has surpassed $27.4 billion, marking a two-month high. Over the past three days, this sector has seen a 20% increase. Additionally, the OTHERS.D index has risen by 8% during the same period, indicating a significant resurgence in interest in small and medium-sized cryptocurrency projects.
X to launch the XMoney payment service in 2025, as Musk's vision for financial technology progresses. CEO Linda Yaccarino confirms the timeline for the launch of XMoney as part of the expansion of the AI-driven ecosystem of the platform. X (formerly known as Twitter) will roll out the long-awaited XMoney payment service later this year, according to CEO Linda Yaccarino. This new feature is a key element of Elon Musk's broader vision to transform the platform into a fully integrated financial and social ecosystem.
Taiwanese legislator calls for Bitcoin to be considered a strategic reserve asset According to Forisight news, Taiwanese legislator Ko Chuan-chun has publicly called for Bitcoin to be considered a strategic reserve asset. This proposal highlights the growing interest in cryptocurrencies as a viable option for national financial strategies.
Ethereum Leads Cryptocurrency Surge Amid Optimism for Global Trade According to PANews, Ethereum has led a significant recovery in the cryptocurrency market this week, driven by easing global trade tensions and optimism regarding updates on the network. On Friday, Ethereum, the second-largest digital token by market capitalization, rose by 14% to reach $2,490, marking a weekly increase of nearly 33%. This represents the largest weekly gain since 2021, a period characterized by speculative trading and low interest rates that fueled the cryptocurrency boom during the pandemic. Bitcoin, the largest digital currency, also saw an increase, rising by 1.7% to $104,336. Valentin Fournier, senior research analyst at BRN, commented on the strong momentum, suggesting it may continue. He noted that new breakthroughs and political support could attract new buyers to the market.
Bitcoin (BTC) surpasses 102,000 USDT with a 6.02% increase in 24 hours According to Binance market data, Bitcoin (BTC) has exceeded the threshold of 102,000 USDT and is currently trading at 102,124.109375 USDT, with a 6.02% increase in 24 hours.
The European Union is considering countermeasures against American tariffs According to BlockBeats, the European Commission has started public consultations on potential countermeasures in response to American tariffs. The proposed measures could affect American imports worth up to 95 billion euros. The countermeasures are expected to target American products such as airplanes, alcoholic beverages, fish, automobiles, and auto parts. Additionally, they may impact American chemicals, plastics, electrical equipment, health products, and machinery.