WLFI sold 184,000 ENA in exchange for 0.794 WBTC
On March 25th, according to on-chain analyst Yu Jin's monitoring, the DeFi project WLFI supported by the Trump family sold 184,000 ENA tokens in the past day, exchanged for 0.794 WBTC tokens (approximately $69,000). The project previously raised funds by selling WLFI tokens and invested in 11 different tokens, with most of them transferred to Coinbase Prime. It is still unclear whether they have been sold. Currently, ETH and WBTC account for 87% of WLFI's investment portfolio.
Bloomberg: Altcoins Outperform Bitcoin Amid Broad Rally
On March 25th, according to Bloomberg, in the broad rebound of the cryptocurrency market, altcoins outperformed Bitcoin, as signs showed that the United States is set to implement more targeted tariff measures, weakening the demand for safe-haven assets. Solana, favored by meme coin issuers, saw its token SOL surge 11%; at the same time, Dogecoin rose by about 8%, and Avalanche also rose by about 8%.
Model shows US debt ceiling could be breached as early as mid-July
Bipartisan Policy Center in the United States stated that a model released on Monday showed that if Congress does not take action, the United States may hit the debt ceiling sometime between mid-July and October. The agency also mentioned that although the possibility is small, if this year's tax revenue is lower than expected, the so-called "X day" could arrive in early June. The U.S. Treasury Department has not predicted which day "X day" will occur, when the federal government will be unable to exercise its payment functions. Wall Street estimates that "X day" could arrive as early as the end of May (estimated by BNP Paribas), or as late as the end of August or the third quarter (predicted by institutions such as Bank of America, Barclays, and Daimler Securities).