🤯🌟 XRP surpasses Ethereum and becomes the second most traded cryptocurrency in Japan
🤑 XRP surpasses Ethereum in Japan, consolidating itself as the second most traded cryptocurrency.
The institutional backing and regulatory clarity of XRP favor its rise in the Asian country. Despite Bitcoin's dominance, XRP is gaining popularity thanks to strategic moves.
🐂 The growing popularity of XRP in Japan is not an isolated phenomenon, but a reflection of its strong institutional support and a favorable regulatory environment.
The Japanese market, traditionally conservative and regulated, has seen Ripple's token consolidate as the second most traded cryptocurrency, surpassing Ethereum.
XRP's rise in Japan is a clear sign of the power of regulatory clarity and institutional support.
Although Ethereum remains an important global player, in the Japanese market, Ripple's token has proven to be a more attractive option for investors.
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Today's News: 1. Brazil's largest commercial bank Itaú announces the establishment of a Bitcoin reserve company, Oranje, with an expected investment of $210 million; 2. Trump marks 100 days in office, and the crypto market has evaporated $537 billion in market value; 3. Data: The supply of Bitcoin on exchanges dropped to 2.488 million BTC last Friday, the lowest level in 7 years; 4. ether.fi launches a $40 million venture capital fund, with the first batch of investment projects being Resolv, Rise Chain, Symbiotic; 5. According to a report by Web3 research company Hansen, despite increasing competition, Tether's USDT still holds a dominant position in the stablecoin market. As of April 25, 2025, Tether's market share is about 66%, far exceeding USDC's 28%; 6. Coinbase: 15% of Bitcoin trading volume is processed through the Lightning Network; 7. Ethereum Foundation officials state that the Ethereum Fusaka hard fork is expected to take place in the third or fourth quarter of 2025, but the specific timeline has yet to be determined. Ethereum core developer TinBeiko confirmed, "EOF has been removed from the Fusaka network upgrade" because developers believe there is "technical uncertainty that may lead to delays in the Fusaka launch"; 8. The Arizona House of Representatives passes a Bitcoin reserve bill to promote the establishment of cryptocurrency reserves; 9. Mastercard advances global payment integration for stablecoins; 10. Spot gold breaks above $3,350 per ounce, up nearly 1% for the day; 11. The Abu Dhabi sovereign wealth fund plans to collaborate with multiple entities to launch a Dirham stablecoin; 12. Bloomberg analyst: ProShares XRP ETF listing date has not yet been determined; 13. Bitcoin ETF saw a net inflow of 4,201 BTC yesterday, while Ethereum EIF had a net inflow of 59,538 ETH; 14. Circle issues an additional 250 million USDC on the Solana chain; 15. Tether Treasury mints an additional 1 billion USDT; 16. Binance Wallet: Airdropping 1,500 SIGH to users reaching an Alpha score of 65; 17. 10T Holdings founder: Bitcoin will reach $180,000 before the summer of 2026. #BTC
Just yesterday at 4 PM, Binance announced the 13th phase of the Binance Wallet TGE project - MilkyWay, which will take place today from 16:00 to 18:00, but the threshold conditions have not been disclosed (predicted to be 75 points).
Let's take a detailed look at this project:
1. Project Overview
· MilkyWay is a liquid staking solution within the Celestia (TIA) ecosystem.
· Josie Leung is the co-founder of MilkyWay, having previously worked at Crypto.com and LinkedIn.
· MilkyWay supports various asset types (TIA, INIT, etc.), liquid staking tokens (milkTIA, etc.), with a total accumulated staking volume exceeding 2.6 million TIA, total locked value (TVL) exceeding $51 million, user scale of over 156,000, and its technical architecture supports Cosmos SDK, CometBFT, CosmWasm contracts, and multi-signature custody.
· MilkyWay has completed a round of financing, which was a $5 million seed round completed on April 30, 2024, at an undisclosed valuation. Major investors include: YZi Labs, Hack VC, Polychain, Crypto.com Capital, etc.
2. Token Economic Model
· Token Name: MILK
· Total Token Supply: 1 billion
· Initial Circulating Supply: 52,498,420 (5.25%)
· Specific allocation is as follows: As shown in the diagram
3. Token Price Prediction
Compared to ZORA, the price of MILK is between $0.1 - $0.7.
After Binance TGE, price fluctuations may be significant, expected to be between $0.05 - $0.2.
The overall predicted price will be: $0.08 - $0.1 (Market Cap: $80 million - $100 million)
Looking back at yesterday's market, after dipping to 92800 in the morning, there was a rebound with 11 consecutive upward candles on the hourly chart. By the evening, it dropped directly to the support near 93500, and until this morning, the daily chart closed with a bullish candle, indicating a relatively strong performance.
On the daily level today, we can see that the 10-day moving average has crossed above the 120 and 180-day moving averages. At this moment, the major coin has also retraced to the 5-day line. From the larger trend perspective, the 10-day moving average is catching up, and there is a high possibility of continuing bullish candles over the next couple of days.
From the four-hour chart, every time the market reaches the lower Bollinger Band, it quickly bounces back to the upper band, showing a strong performance even during high-level fluctuations.
On the intraday short-term, the fifteen-minute chart has retraced to the Vegas channel, bouncing back from here. If the fifteen-minute rebound can stabilize at the middle band, it will push the hourly level to continue fluctuating upwards. The MACD on the hourly level has crossed above the zero line, adjusting twice with a golden cross, allowing for more continuity in the market.
In terms of operations, today remains a buy on dips, waiting for another breakthrough at the daily level. $BTC #加密市场反弹 Upper Resistance: 94900-95500 Lower Support: 94150-93500
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Tomorrow, the United States will announce the GDP for the first quarter of 2025. This data is very important as it shows the state of the U.S. economy. If the data is too poor, it indicates a recession in the U.S. economy. In the days before the data is released, there will be a risk-averse sentiment, and funds will choose to withdraw. During these two days, it is advisable to reduce long positions and wait for the data release on Wednesday. If there is a sharp drop, be bold in entering the market. Similarly, there are the U.S. ADP employment figures and the PCE price index, and tomorrow's volatility is definitely going to be significant.
Bitcoin has been in a high-level consolidation state, and this pattern is not very favorable. There is always a sense of calm before a major drop, so everyone must pay attention to the risks.
Tomorrow, the United States will announce the GDP for the first quarter of 2025. This data is very important as it shows the state of the U.S. economy. If the data is too poor, it indicates a recession in the U.S. economy. In the days before the data is released, there will be a risk-averse sentiment, and funds will choose to withdraw. During these two days, it is advisable to reduce long positions and wait for the data release on Wednesday. If there is a sharp drop, be bold in entering the market. Similarly, there are the U.S. ADP employment figures and the PCE price index, and tomorrow's volatility is definitely going to be significant.
Bitcoin has been in a high-level consolidation state, and this pattern is not very favorable. There is always a sense of calm before a major drop, so everyone must pay attention to the risks.
Tomorrow, the United States will announce the GDP for the first quarter of 2025. This data is very important as it shows the state of the U.S. economy. If the data is too poor, it indicates a recession in the U.S. economy. In the days before the data is released, there will be a risk-averse sentiment, and funds will choose to withdraw. During these two days, it is advisable to reduce long positions and wait for the data release on Wednesday. If there is a sharp drop, be bold in entering the market. Similarly, there are the U.S. ADP employment figures and the PCE price index, and tomorrow's volatility is definitely going to be significant.
Bitcoin has been in a high-level consolidation state, and this pattern is not very favorable. There is always a sense of calm before a major drop, so everyone must pay attention to the risks.