Circle’s EURC Stablecoin Surges 43% to Record Supply as Dollar Troubles Fuel Demand

Odaily Planet Daily News: According to BitMart's market report on April 16th, the total market value of the cryptocurrency market was $2.65 trillion, a decrease of 1.06% from the previous day. BTC has fluctuated and fallen, currently remaining around $84000; ETH follows the rise and fall of the market, currently around $1600; Shanzhai coins are generally declining, and the market lacks hotspots; The comprehensive long short ratio is 1.05, and the multi-party forces are at their highest level in 24 hours; Justin Sun's release of nearly $150 million worth of ETH from Ethfi may create selling pressure on the market in the future, and investors need to be aware of the risks.

The BNB Foundation announced the successful completion of the 31st quarter of BNB token destruction, with a total of 1579207.72 BNBs destroyed, equivalent to approximately $916 million. After this destruction, the remaining number of BNBs to be destroyed is 40886572.43, with a total supply of 139311899.514. Previously, it was reported that BNB Chain has completed its 30th BNB quarterly destruction, with a total value of approximately 1.116 billion US dollars of BNB destroyed.

According to Yonhap News Agency, Hong Joon pyo, the presidential primary candidate of the ruling National Power Party in South Korea, promised at a policy forum to significantly reduce regulatory requirements for blockchain and cryptocurrency. This conservative candidate stated that he will emulate the regulatory approach of the Trump administration in the United States. He promised to implement blockchain technology in government services and promote virtual assets as an independent industry.

Odaily Planet Daily News: Matrixport released today's chart stating that in 2025, the net inflow of funds into Bitcoin ETFs will only be slightly above zero, despite strong performance at the beginning of the year, recording nearly $5.5 billion in inflows. This phenomenon is quite unexpected, as Bitcoin has outperformed US technology stocks this year, while gold has also reached a historic high. It is worth noting that the total net inflow of Bitcoin ETFs was $35.5 billion, with BlackRock accounting for $39.6 billion and Fidelity accounting for $11.4 billion, totaling the vast majority of the market share. In contrast, the inflow from other ETF issuers is relatively limited. This indicates that current buying orders are more likely to come from specific institutional customer groups rather than being driven by a wide range of retail funds. If it were the latter, the inflow of funds would be more evenly distributed among various ETF providers.

OKX-CORE is currently priced at $0.5614, with a 10.05% increase over 24 hours. 24-hour transaction volume of 40.34 million US dollars, an increase of 100.59%, for reference only