Wu Shuo Daily Selected Crypto News - The U.S. announced 177 thousand new non-farm jobs added in April, with an unemployment rate of 4.2%.
Powered by ChatGPT1. US Announces 177 Thousand New Non-Farm Jobs in April, Unemployment Rate at 4.2%
The US announced 177 thousand new non-farm jobs in April, exceeding the expected 130 thousand; the unemployment rate remained steady at 4.2%, unchanged from March, meeting market expectations.
2. Strategy Releases Q1 2025 Financial Report
As of April 28, the company holds a total of 553,555 bitcoins, with a total cost of 37.90 billion USD, unit cost approximately 68,459 USD, and a book valuation of about 52 billion USD. Year-to-date BTC Yield is 13.7%, BTC Gain is 61,497 coins, and BTC $ Gain is 5.80 billion USD. The company has raised its 2025 BTC Yield target from 15% to 25%, and BTC $ Gain target from 10 billion USD to 15 billion USD, and announced a new 21 billion USD common stock ATM financing plan. During the quarter, the company adopted the new fair value accounting standard ASU 2023-08, recording an unrealized asset loss of 5.90 billion USD.
3. Tether Releases Q1 Financials: US Treasury Exposure Nears 120 Billion USD, Quarterly Profit Exceeds 1 Billion USD
As of March 31, 2025, Tether's total exposure to US Treasuries neared 120 billion USD, a record high. Total assets surpassed 149.27 billion USD, liabilities were 143.68 billion USD, with assets exceeding liabilities and excess reserves of 5.60 billion USD. $USDT circulation increased by approximately 7 billion USD in Q1, with user wallets growing by 46 million, a 13% increase. Additionally, Tether's traditional investment operations generated over 1 billion USD profit in Q1. US Treasury investments performed steadily, while gold returns offset volatility in the crypto market. Tether Investments also invested over 2 billion USD in renewable energy, AI, and data infrastructure sectors (not included in $USDT reserves).
4. US Treasury's FinCEN Proposes Ban on Huione Group Entering US Financial System
The US Treasury's Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia's Huione Group from the US financial system, accusing it of money laundering and connections to North Korean hacker groups. FinCEN highlighted that Huione laundered over 4 billion USD in illicit funds between 2021 and 2025. If approved, US financial institutions will be prohibited from opening or managing accounts for Huione and its affiliated entities. Bessent revealed that Huione-operated cryptocurrency exchanges and online payment services have become preferred markets for cybercriminals.
5. Movement: Co-founder Rushi Manche Temporarily Suspended
In view of recent developments and an ongoing review by third party Groom Lake into organizational governance and recent incidents involving a market maker, this decision has been made. Movement
6. Kraken Unveils North Korean Hacker Job Application Infiltration Attempt
Kraken disclosed that its security team recently detected an incident where a North Korean hacker disguised as a job applicant attempted to infiltrate the company. The hacker impersonated an engineer applicant, undergoing multiple rounds of remote interviews, during which frequent slips revealed their identity and technical details. Kraken advanced the recruitment process without alerting the attacker, successfully identifying it as a state-sponsored infiltration and further gathering intelligence.