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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
✍️ Please include the topic #NFP Data Release# in your post
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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As of today (April 29, 2025), the latest and most important news concerning the coin market are as follows:
* Capital Inflows to Bitcoin ETFs Continue: Capital inflows to Bitcoin and Ethereum spot ETFs continued yesterday. Bitcoin ETFs, which have been experiencing net inflows for seven days, are drawing attention.
* Arizona State Approves Bitcoin Reserve Act: An important legal regulation that will make it possible to include Bitcoin in state reserves is about to be implemented in the US state of Arizona.
* Transparency Report from Tether Gold: Stable cryptocurrency issuer Tether has published a transparency report showing that its gold-indexed digital asset Tether Gold (XAUT) is backed by 7.7 tons of physical gold.
* Strategy Increases Bitcoin Reserves: Strategy, led by Michael Saylor, continues to expand its Bitcoin reserves.
* ETF Effect on XRP Price: An increase was observed in the XRP price with ProShares' announcement of two new investment products for XRP. However, the increase in short positions is considered a risk signal.
* High Weekly Inflows to Crypto Asset Funds: Last week, there were total inflows of $3.4 billion into crypto asset investment products. This was the highest weekly inflow of 2025.
* Standard Chartered's Bitcoin Forecast: Standard Chartered expects Bitcoin to reach a new record high in the second quarter of 2025.
This news shows that the market is generally positive and institutional investor interest continues. In particular, interest in ETFs and Bitcoin investments by large companies stand out as important factors supporting the market. However, the increase in short positions after the rise in XRP due to ETF expectations should be monitored.
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