BNB falls below the $650 mark

BlockBeats news, on May 13th, according to Alternative data, the cryptocurrency panic and greed index was 70 today (remaining at 70 for the fourth consecutive day), with market "greed" sentiment dominating the market. Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).

Dell has officially rejected a shareholder proposal to include Bitcoin in the company's treasury. Dell stated in its response letter on May 9th that proposals that "delve into complex issues that prevent shareholders from making informed judgments and engage in improper micro management of the company" can be excluded. The statement of support for this proposal exposes the proposer's intention to micro manage the management's discretion in managing the company's cash and building investment structures. It advocates that Dell should consider replacing some of its cash and bonds with assets such as Bitcoin that can outperform inflation. But the staff has previously pointed out that regulating the company's investment form would improperly limit the management's discretion in ordinary business affairs. Whether requiring investment in cryptocurrency assets or divesting such assets, this proposal improperly restricts the autonomy of management and board of directors in company management.

The current price of BTC is $102349.62, with a decrease of 2.92% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.31 million US dollars, with multiple orders being the main liquidation and 1.99 million US dollars (19.30%) of BTC liquidation. The data is for reference only.

According to Bitcoin Magazine, cryptocurrency wallet service provider Exodus has released its unaudited financial report for the first quarter of 2025, with revenue increasing by 24% year-on-year to $36 million, reaching a historic high. The total value of the company's digital asset holdings reached 238 million US dollars, of which 2011 bitcoins (worth 166 million US dollars) accounted for the main portion, an increase of 70 from the end of 2024. Other positions include 2693 pieces of Ethereum ($4.9 million) and a combination of USDC and treasury bond bonds of $62.8 million. Despite a 30% decrease in monthly active users to 1.6 million, the end of term active users remained at 1.8 million. The transaction processing volume for this quarter reached 2.18 billion US dollars. R&D and technical support expenses increased by 39% to $14.9 million, with a net loss of $12.9 million (compared to a net profit of $54.8 million in the same period last year), mainly due to a floating loss of $28.8 million in digital asset holdings. The management stated that they will continue their self hosting strategy and expand their business boundaries.

Odaily Planet Daily reported that if tariffs are further downgraded, the Federal Reserve may be expected to cut interest rates. The current growth pressure has not been reflected, and the non farm payroll remained strong in April, while the ISM manufacturing and service PMI also maintained resilience. Even if the Federal Reserve wants to react preventively, there is no sufficient reason, let alone Powell's term ending in May next year, and the risk of premature reaction is also high. Therefore, in the dilemma of balancing inflation and growth, the Federal Reserve is more likely to choose a wait-and-see approach rather than a preemptive strike. However, if the tariff risk can be further downgraded in the future, the Federal Reserve has the opportunity to cut interest rates in the third and fourth quarters to alleviate the growth pressure at that time. (Golden Ten)