Michael Saylor compares Bitcoin to a chess game
Welcome to the Thursday, April 17, 2025, Daily Tribune ☕️
Hello Cointribe! 🚀
Today, we are Thursday, April 17, 2025, and as every day from Tuesday to Saturday, we summarize the latest 24-hour news you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🇪🇺 Europe faces the threat of US stablecoins
The Italian Minister Giancarlo Giorgetti warns about the potential impact of stablecoins backed by the dollar, which he considers a more serious threat than Trump's tariffs.
♟️ Saylor compares Bitcoin to a chess game
Michael Saylor states that Bitcoin requires a long-term strategy, similar to a game of chess, where only the most foresighted succeed.
🇨🇳 China quietly liquidates its seized cryptos
Private companies, such as Jiafenxiang, secretly convert the cryptocurrencies confiscated by the Chinese state into cash, bypassing official bans.
🏦 BlackRock strengthens its positions on Bitcoin
The American asset manager BlackRock invests an additional 37 million dollars in Bitcoin, thereby consolidating its accumulation strategy.
Crypto of the day: Render (RENDER)
Render is a decentralized GPU rendering network designed to connect digital artists and developers to distributed computing power. By harnessing unused GPUs worldwide, Render enables faster and more economical 3D rendering, virtual reality applications, metaverse projects, and AI tasks. This decentralized model offers an effective alternative to traditional cloud computing solutions, reducing costs and increasing flexibility for creators.
The RENDER token (formerly RNDR) is used as a means of exchange on the Render network. Artists pay in RENDER to access computing power, while node operators receive RENDER as rewards for providing their GPUs. Launched in 2017 by OTOY, the project initially distributed its tokens via a public sale, followed by a private sale period. RENDER holders also gain governance rights, allowing them to influence decisions regarding the network's evolution.
Recent performance:
Current price: $3.88 USD
Change over 24 hours: +5.11%
Market capitalization: approximately $2.01 billion
Rank on CoinMarketCap: #41
BNB: A record burn by Binance propels the token to new heights
On April 16, 2025, Binance carried out a historic burn of 1.58 million BNB, equivalent to $914 million. This operation, the largest ever conducted by the platform, aims to reduce the circulating supply and could significantly impact the valuation of Binance’s native token.
A strategic burn mechanism
This 31st quarterly burn operation aligns with Binance’s strategy to gradually decrease the total supply of BNB until reaching 100 million tokens. By reducing supply, Binance seeks to create upward pressure on the BNB price, strengthening its scarcity and perceived value among investors.
Market outlook for BNB
The magnitude of this record burn could act as a catalyst for an increase in the BNB price. Investors are closely monitoring market reactions, especially regarding trading volumes and technical resistance levels. An increased interest from institutional investors and broader adoption of BNB within the Binance ecosystem could also support an upward trend.
The Binance record burn marks an important milestone in BNB’s supply management strategy. If market conditions remain favorable, this significant reduction in supply could propel the token to new heights.
