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## Crypto Daily Digest: Strategy may increase its holdings of BTC by another $21 billion, Tether's quarterly profit exceeded $1 billion
According to Farside Investors data, a total of $422 million flowed into the US <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETF yesterday. Among them, BlackRock IBIT inflowed $351 million, Fidelity FBTC inflowed $29.5 million, ARKB outflowed $87 million, and other ETFs mainly had small inflows. Since February this year, BTC ETF has shown a unilateral net outflow trend, which has reversed since last week, and the capital market sentiment is optimistic. Yesterday, the overall trading volume of ETH ETF was small, with a total inflow of $6.5 million.

**Strategy proposed to raise another $21 billion to <a href="/crypto/buy/bitcoin-btc" target="_blank" class="blog_inner_link">buy Bitcoin</a>**

According to Coindesk, Strategy (MSTR) reported a loss of $16.49 per share in the first quarter of 2025 due to a sharp drop in <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> prices in the first three months of this year, resulting in a $5.9 billion impairment of its Bitcoin assets. The company announced a new $21 billion public market common stock offering plan and has raised its BTC yield target from 15% to 25%, and its BTC dollar yield target from $10 billion to $15 billion. As of April, the company held a total of 553,555 bitcoins, with a purchase cost of $37.9 billion and an average cost of $68,459 per bitcoin. Strategy said: "Our capital markets strategy continues to grow Bitcoin holdings while delivering outstanding value to shareholders."

**<a href="/price/tether-usdt" target="_blank" class="blog_inner_link">Tether</a> Q1 report: holding nearly $120 billion in U.S. Treasury bonds, confirming quarterly operating profit of more than $1 billion**

<a href="/price/tether-usdt" target="_blank" class="blog_inner_link">Tether</a> International today released its Q1 2025 report, which was completed by BDO, one of the world’s top five independent accounting firms. The report confirms the accuracy of Tether’s financial data and reserve report (FFRR) and provides a transparent breakdown of the assets backing the fiat-denominated stablecoin as of March 31, 2025.

The report stated that Tether's total exposure to U.S. Treasuries (including indirect holdings in money market funds and reverse repurchase agreements) hit a record high of nearly $120 billion. This milestone not only confirms its conservative reserve management strategy, but also highlights Tether's important role as a large-scale distribution hub for U.S. dollar liquidity.

Tether's traditional investment portfolio achieved an operating profit of over $1 billion in Q1, mainly due to the solid performance of its U.S. Treasury holdings, while gold investment almost completely offset the volatility of the <a href="/price" target="_blank" class="blog_inner_link">crypto market</a>. In addition, the circulation of USDT increased by about $7 billion in the first quarter.

**The current mainstream CEX and DEX funding rates show that the market continues to diverge, with neutral and bearish sentiment coexisting**

According to Coinglass data, the current mainstream CEX and DEX funding rates show that the market continues to diverge, with neutral and bearish sentiment coexisting. The specific mainstream currency funding rates are shown in the attached figure.

Funding rates are the rates set by crypto trading platforms to maintain a balance between the contract price and the price of the underlying asset, and are usually applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders. The trading platform does not charge this fee, and it is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the price of the underlying asset.

When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.

## Market Trends: AI agent sector surged, BOOP reached $500 million market cap in two hours
### Market Hotspots
AI agent stocks such as AIXBT, AVAAI, and AI16Z have risen. Since mid-April, the overall performance of the AI ​​agent sector has been significantly stronger than the market, with many tokens rising by more than 200% from their lows. AI agent is still the most favored track by market funds;

<a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> chain meme coin BOOP was launched last night, and its market cap reached $500 million within two hours. BOOP token is the utility coin of boop.fun, the meme coin launchpad on <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a>, founded by NFT blue whale and crypto KOL Dingaling. Unlike Pump.fun, boop.fun will share the handling fee with BOOP token holders.

### Mainstream Coins
BTC fluctuated upward, BTC ETF resumed large net inflows, and the market sentiment was optimistic; today's AHR999 index was 0.95, indicating that the price is still suitable for long-termists to invest;

ETH follows the market ups and downs, without any independent trend. The ETH/BTC exchange rate has remained around 0.019 since mid-April;

Altcoins generally rose, but the rise was scattered, with AI agents and meme coins performing well.

## Macro news: The three major U.S. stock indexes closed higher, and non-farm payrolls will be released tonight
The three major U.S. stock indexes closed higher, with the S&P 500 up 0.63% at 5,604.14 points, the Dow Jones up 0.21% at 40,752.96 points, and the Nasdaq up 1.52% at 17,710.74 points. In terms of U.S. bonds, the benchmark 10-year Treasury yield was 4.25%, and the 2-year Treasury yield, which is most sensitive to the Fed's policy rate, was 3.70%.

Former U.S. Treasury Secretary Janet Yellen warned that the possibility of a U.S. economic recession has increased significantly. According to a May 1 report by the Financial Times, quoted by CCTV News, former U.S. Treasury Secretary Janet Yellen said that the U.S. government's tariff policy will have an "extremely adverse" impact on the United States, and both U.S. consumers and businesses will be negatively affected. Affected by the tariff policy, the "likelihood of an economic recession in the United States has increased significantly."

The last important data of the week, the US non-farm payrolls report, will be released at 20:30 tonight, providing the latest clues about the labor market. The market generally expects that Fed Chairman Powell will keep his policy unchanged at next week's interest rate meeting, as inflation remains above the 2% target and President Trump's tariff increase measures have brought price pressure.



<div class="blog-details-info">
<div>Author:**Icing T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Daily News | US Non-farm Payrolls Report Will Be Released Tonight, Strategy May Increase Its Holdings of BTC by Another $21 Billion