BTC breaks through $94,500 Trump: China must make substantial concessions

Headlines

▌****BTC breaks through $94,500

The market shows that BTC has broken through 94,500 USD, currently reported at 94,504.71 USD, with a 24-hour decline of 0.28%. The market is volatile, please ensure proper risk control.

▌****Trump: China must make substantive concessions, otherwise the tariffs imposed on China will not be lifted

On the 25th local time, U.S. President Trump stated to reporters aboard “Air Force One” that he would not cancel the tariffs imposed on China unless China made substantial concessions. Over the past week, the U.S. side has continuously released chaotic and even contradictory signals regarding the tariffs on China. A spokesperson for the Chinese Embassy in the U.S. emphasized on the evening of the 25th that there have been no consultations or negotiations between China and the U.S. on the tariff issue, let alone reaching an agreement. If the U.S. really wants to solve the problem through dialogue and negotiation, it should correct its mistakes, stop threats and extortion, and completely eliminate all unilateral tariff measures against China. To say that they want to reach an agreement with China while continuously applying extreme pressure is not the correct way to deal with China and is also unworkable. (CCTV News)

Market

As of the time of writing, according to Coingecko data:

The recent trading price of BTC is $94,742.05, with a daily change of -0.1%;

The recent transaction price of ETH is $1,826.95, with a daily price change of +1.9**%**;

The recent transaction price of BNB is $607.83, with a daily fluctuation of +1.1%;

The recent transaction price of SOL is $149.52, with a daily fluctuation of -1.2**%**;

The recent trading price of DOGE is $0.1822, with a daily fluctuation of -0.5**%****;**

The recent transaction price of XPR is $2.20, with a daily fluctuation of +0.4**%**.

Policy

▌****Market News: IMF states that El Salvador has stopped using public funds to invest in Bitcoin

According to a post and screenshot released by crypto KOL Crypto Rover, the International Monetary Fund (IMF) stated that El Salvador has stopped using public funds to invest in Bitcoin.

▌Arizona Bitcoin Reserve legislation is about to enter the final voting stage

According to Bitcoin Laws, two Bitcoin reserve bills in Arizona are scheduled for a third reading next Monday and may undergo a final vote.

If successful, Arizona is expected to become the first state in the U.S. to officially establish a Bitcoin reserve, marking an important advancement in state-level digital asset policy.

▌****The Republican Party plans to abolish the PCAOB, the audit regulatory body in the United States

According to the Financial Times, later on Friday local time, the leadership of the U.S. House Financial Services Committee announced a proposal to eliminate the independent Public Company Accounting Oversight Board (PCAOB), which is intended to be incorporated into a large tax and spending bill currently under consideration by Congress. Under the proposal, a tax on listed companies and broker-dealers that funds the PCAOB would be eliminated, and the agency’s responsibilities would be merged into the U.S. Securities and Exchange Commission. (金十)

Blockchain Applications

▌****a16z Crypto: Web3 projects initiating airdrops should focus on long-term incentives and community participation, avoiding short-term arbitrage

a16z Crypto published an analytical article titled “Airdrops: How to Bring Home,” which points out that the current airdrop strategies of Web3 projects focus too much on short-term user growth, neglecting the goals of long-term community building and protocol governance. a16z Crypto suggests that project parties should design airdrops as “long-term incentive tools,” by setting lock-up periods and guiding users to participate in governance and contribution behaviors, filtering out true long-term participants rather than just attracting “airdrop hunters.” In addition, a16z Crypto emphasizes that airdrops should serve as a means to build loyal communities and achieve long-term value for the protocol, rather than merely a marketing tool.

Cryptocurrency

▌****The net supply of Ethereum increased by 16,913 coins in the past 7 days

According to data from Ultrasound.money, the net supply of Ethereum has increased by 16,913 coins in the past 7 days, with a supply increase of about 18,219 ETH and 1,305 ETH destroyed through the burning mechanism. The total supply of Ethereum has reached 120,715,598 ETH, and the current supply growth rate is 0.731% per year.

▌IoTeX CEO: DePIN tokens should be included in digital asset reserve strategies

According to Cointelegraph, Raullen Chai, co-founder and CEO of IoTeX, recently commented urging governments to include the decentralized physical infrastructure network (DePIN) tokens in their digital asset reserve strategies. This move is a response to former President Trump’s establishment of a strategic Bitcoin reserve. Chai believes that DePIN represents a new paradigm for community-driven infrastructure development, and incorporating it into national reserves could create a self-sustaining infrastructure economy, reduce reliance on large corporations, provide inflation hedging, and lower infrastructure costs.

▌Tether’s market value surpasses Caterpillar, rising to the 121st position in the global asset market value ranking

According to 8marketcap data, Tether’s market capitalization has surpassed that of heavy industrial equipment manufacturer Caterpillar, rising to 121st place in the global asset market capitalization ranking. The current market capitalization is reported at $147.18 billion, with a 7-day increase of 0.05%.

******▌**********Lending protocol Loopscale was attacked, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL

The Solana-based lending protocol Loopscale disclosed on platform X that today at 11:30 AM EST (April 26th 11:30 PM Beijing time), the pricing function of Loopscale’s RateX PT token was manipulated, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen from the Loopscale USDC and SOL treasury. Currently, all markets of Loopscale have been temporarily halted to allow the team to conduct further investigations.

The funds involved in this security vulnerability incident account for approximately 12% of Loopscale’s total funds, and only affect depositors who deposit funds into Loopscale’s USDC and SOL reserves. Borrowers and users of the revolving loan are not affected. We are working hard to restore the repayment function as soon as possible to avoid unforeseen liquidation situations. The team is closely collaborating with law enforcement officials, security experts, and investors to recover the funds. A full technical analysis report will be released as soon as more information is available.

Important Economic Dynamics

****▌Trump: Russia has no reason to attack civilians, perhaps financial sanctions should be used to deal with Putin

Former President Trump stated on social media that Russian President Putin has no reason to launch missiles at civilian areas, cities, and towns, and that he may need to be dealt with through financial sanctions or secondary sanctions. Additionally, Trump also criticized the New York Times, stating: “No matter what kind of agreement I reach on the Russia-Ukraine issue, no matter how good the agreement is, even if it’s the best agreement ever, the declining New York Times will say bad things about it. And this stupid war has nothing to do with me; I am just trying to clean up the mess left by Obama and Biden.”

▌Russia is ready to negotiate with Ukraine without any preconditions

According to reports from the International News Agency, Russian President Putin confirmed during a meeting with U.S. envoy Wittkoff that Russia is prepared to negotiate with Ukraine without any preconditions. Russian Presidential Assistant Ushakov revealed that the meeting between President Putin and U.S. Special Envoy for Middle East Issues Wittkoff lasted three hours and was constructive. He stated that the meeting discussed the possibility of resuming direct negotiations between Russia and Ukraine.

▌The probability of the Federal Reserve cutting interest rates by 25 basis points in May is 10.4%

According to CME FedWatch data, the probability of the Federal Reserve lowering interest rates by 25 basis points in May is 10.4%, while the probability of maintaining the current rate is 89.6%.

Golden Encyclopedia

▌What is an Address Poisoning Attack

In the cryptocurrency world, the hostile behavior of attackers manipulating cryptocurrency addresses to influence or deceive consumers is known as address poisoning attacks. In blockchain networks, these addresses, composed of different alphanumeric strings, serve as the origin or destination of transactions. These attacks employ various methods to compromise the integrity and security of crypto wallets and transactions.