TechubNews

According to Techub News and Coinglass data, the total liquidation amount across the network in the past hour was approximately 118 million USD, with Bitcoin liquidations around 33.71 million USD, Ethereum liquidations about 28.20 million USD, XRP liquidations approximately 7.64 million USD, and SOL liquidations around 6.95 million USD.

Techub News: The news indicates that the US GDP unexpectedly shrank in the first quarter, causing the US stock market to open significantly lower, with the Dow Jones falling 0.59%, the S&P 500 index falling 1.25%, and the Nasdaq falling 2.07%.

Techub News reports that Nasdaq futures have fallen by 2%, Dow futures have dropped by 0.85%, and the S&P 500 index has decreased by 1.45%.

Techub News reports that Semler Scientific CEO Eric Semler tweeted that the company increased its holdings by 165 Bitcoins for $15.7 million, bringing its total Bitcoin holdings to 3,467 coins, with a year-to-date Bitcoin return of 23.8%.

Techub News reported that the ADP employment figure in the U.S. for April was 62,000, expected to be 115,000, and the previous value was 155,000.

Techub News reports that Galaxy, a digital asset management company, plans to go public on Nasdaq on May 16, pending shareholder approval on May 9. This listing will enable Galaxy to better serve investors in the digital asset and artificial intelligence ecosystem and initiate the next stage of rise.

Techub News reports that AI model development company Gata has announced the completion of a $4 million seed round financing. Investors include YZi Labs, IDG Blockchain, Maelstrom Fund, Manifold Trading, Gate Ventures, Formless Capital, Anti Capital, MH Ventures, V3V Ventures, 071 Labs, and Echo.

Gate focuses on developing decentralized large model inference, training, and data technologies, enabling decentralized infrastructure to truly participate in and support the trillion-dollar global AI economy.

Techub News reports that FIFA will launch the EVM public chain FIFA Blockchain, and FIFA Collect will migrate to the new Blockchain.

Techub News reports that Ethereum co-founder Vitalik Buterin has released the key focus areas for Ethereum's technological development in 2025. This includes Ethereum's development, such as single-slot finality in the L1 long-term roadmap, long-term Virtual Machine, statelessness, security, as well as full-stack security, Open Source, and privacy protection; macro-level Decentralization acceleration, involving communication tools, social aspects, governance mechanism design, Cryptography, infrastructure, etc.

According to Techub News, as reported by Cointelegraph, stablecoin issuer Circle has partnered with Onafriq, Africa's largest payment gateway, to use USDC to drop the high costs of cross-border payments on the African continent.

Circle plans to pilot settlements within the extensive Onafriq network, which connects over 500 wallets and 200 million bank accounts across more than 40 countries.