Neel Kashkari, a Federal Reserve official, stated that prior to the outbreak of war, he believed inflation might decrease and that another rate cut could be necessary this year. According to Jin10, Kashkari noted that the situation in March was not significant enough to warrant a change in the policy statement.

Federal Reserve official Hammack has highlighted the widespread nature of inflation pressures, noting that rising energy prices are contributing to the overall increase. According to Jin10, Hammack emphasized the impact of energy costs on the broader economic landscape, suggesting that these factors are playing a significant role in the current inflationary environment.

Neel Kashkari, a member of the Federal Open Market Committee (FOMC), expressed dissent during a recent meeting, citing uncertainties surrounding the Hormuz Strait. According to Jin10, Kashkari emphasized that these uncertainties should prompt the Federal Reserve to acknowledge the risks associated with interest rate hikes in its statement.

Key Takeaways CryptoQuant says Bitcoin's approximately 20% April rally from $66,000 to $79,000 was "driven entirely by growth in perpetual futures demand" while spot demand contracted -- a historically bearish divergenceThe firm compares current conditions to the start of the 2022 bear market, when a similar futures-spot divergence "ultimately preceded a sustained price decline"CryptoQuant's Bull Score Index fell from 50 to 40 in April despite the price increase, entering a range that "historically preceded continued price weakness"Bitwise CIO Matt Hougan counters that Strategy's $3.8 billion in purchases since March 1 was the "single biggest factor" in the rally, alongside strong ETF buying and long-term holder accumulationBitcoin is currently trading around $77,000, up 2.1% over 24 hours Bitcoin may be setting up for a multimonth price decline after April's rally was powered by speculative futures demand rather than fundamental spot buying -- a divergence that CryptoQuant warns has historically preceded extended bear market conditions. In a Thursday research report, CryptoQuant said Bitcoin's approximately 20% gain in April, which took the price from $66,000 to a peak of $79,000, was "driven entirely by growth in perpetual futures demand" while spot demand contracted throughout the same period. The firm described the setup as one of the clearest on-chain warning signals available. "The divergence between rising price and contracting spot demand is one of the clearest on-chain signals that price gains are speculative rather than structural," CryptoQuant said, adding that Bitcoin's subsequent correction from the $79,000 peak is "consistent with rallies led only by strong futures demand." 2022 Bear Market Parallel CryptoQuant identified a direct historical parallel in the setup that preceded the 2022 crypto bear market, when futures demand surged while spot demand declined -- a combination that ultimately gave way to a prolonged and severe price decline. The firm said current demand dynamics mirror that pattern closely enough to warrant caution. "History suggests this setup carries meaningful downside risk as Bitcoin remains in a bear market regime," CryptoQuant said. Adding to the concern, the firm's Bull Score Index -- which analyzes market and network activity on a scale of 100 to gauge overall market sentiment -- fell from 50 to 40 during April despite the price increase. A reading of 40 places the market in territory that "historically preceded continued price weakness," CryptoQuant said, marking a deterioration from the neutral reading that had briefly offered bulls a constructive signal earlier in the month. Bitwise Pushes Back: Strategy Was the Real Driver The CryptoQuant assessment stands in contrast to a note published Tuesday by Bitwise Chief Investment Officer Matt Hougan, who argued that Michael Saylor's Strategy -- rather than speculative futures activity -- was the dominant force behind April's Bitcoin rally. "There have been multiple drivers of the recent rally, including strong buying from ETFs at $3.8 billion since March 1, and renewed purchases by long-term holders. But Strategy has been the single biggest factor," Hougan said, pointing to the company's approximately $3.9 billion in Bitcoin purchases during April alone as the primary structural demand driver. The disagreement between the two firms reflects a genuine analytical debate about the nature of April's rally -- one that has direct implications for whether the current pullback from $79,000 is a temporary consolidation or the beginning of a more sustained decline. If CryptoQuant's futures-driven characterization is correct, the lack of spot demand foundation leaves Bitcoin vulnerable once speculative positioning unwinds. If Hougan's institutional demand thesis is right, the structural bid from corporate treasuries and ETF flows provides a more durable floor. Bitcoin is currently trading around $77,000, up 2.1% over the past 24 hours, as markets digest the competing narratives heading into May.

Neel Kashkari, a member of the U.S. Federal Reserve, stated that the Fed should indicate that its next policy action could either be an interest rate hike or a cut. According to Jin10, Kashkari emphasized the importance of maintaining flexibility in monetary policy decisions to adapt to changing economic conditions. This approach would allow the Federal Reserve to respond effectively to economic developments and ensure stability in the financial markets.

Neel Kashkari, a member of the Federal Reserve, stated that even in the favorable scenario of the Hormuz Strait reopening soon, inflation levels are expected to remain high. According to Jin10, this situation would necessitate maintaining interest rates at their current levels for an extended period.

Switzerland is set to hold a vote on June 14 regarding a contentious proposal to limit its population to 10 million. Bloomberg posted on X, highlighting the significance of this decision, which has sparked debate across the nation. The proposal aims to address concerns over environmental sustainability and resource management, as Switzerland's population growth continues to be a topic of discussion. Proponents argue that capping the population could help preserve the country's natural resources and maintain quality of life. Opponents, however, warn that such a measure could hinder economic growth and lead to labor shortages. As the vote approaches, both sides are actively campaigning to sway public opinion. The outcome of this vote could have lasting implications for Switzerland's future policies on immigration and population management.

Key Takeaways The S&P 500's trailing P/E ratio stands at approximately 24 as of April 2026, well above the historical average of 16, per Financial Times reportingThe Shiller cyclically adjusted P/E ratio has risen above 37 -- the second-highest level in history, surpassed only by the dot-com bubble peakThe current rally is built on a combination of optimistic assumptions including AI-driven profit growth, declining inflation, lower interest rates, and manageable geopolitical risk -- any deviation could trigger outsized market shocksThe "valuation plus high expectations" combination leaves the market with an extremely limited margin for error Record highs in the S&P 500 and Nasdaq are masking a set of structural vulnerabilities that leave US equity markets with little room for disappointment, the Financial Times reported on May 1, warning that current valuations have reached levels second only to the dot-com era in modern market history. As of April 2026, the S&P 500's trailing price-to-earnings ratio stands at approximately 24 -- roughly 50% above the historical average of 16. More strikingly, the Shiller P/E ratio, which adjusts for cyclical earnings fluctuations over a 10-year period to provide a longer-term valuation benchmark, has climbed above 37. That reading places current equity valuations at their second-highest level ever recorded, exceeded only by the peak of the dot-com bubble in the late 1990s and early 2000s -- a period that preceded one of the most severe market crashes in US history. A Market Built on Optimistic Assumptions The FT report identifies the structural fragility underlying the record highs as stemming not just from elevated valuations but from the combination of high prices and the optimistic assumptions required to justify them. The current rally is predicated on a specific set of conditions holding simultaneously: AI-driven corporate profit growth continuing to accelerate, inflation declining toward the Fed's 2% target, interest rates moving lower, and geopolitical risks -- including the ongoing US-Iran conflict -- remaining contained and manageable. The danger lies in the interdependence of these assumptions. Any single deviation -- a hawkish Fed pivot, an oil price spike that keeps inflation elevated, a geopolitical escalation, or a disappointment in AI-driven earnings growth -- could trigger a magnified market reaction precisely because current valuations leave so little buffer. When markets are priced for perfection, imperfect outcomes produce disproportionate corrections. Crypto Market Implications For Bitcoin and digital assets, the equity valuation warning carries direct relevance. The strong positive correlation between crypto and US equities that has characterized the current cycle means a significant equity market repricing -- triggered by any of the risk factors identified by the FT -- would likely pressure crypto markets simultaneously. Bitcoin's ongoing struggle to clear $79,000--$80,000 resistance, combined with thinning spot market liquidity and persistent short positioning in derivatives, leaves it particularly exposed to a risk-off equity shock if the optimistic assumptions underpinning record stock highs begin to unravel.

The Bank of England's Chief Economist, Huw Pill, has stated that tightening financial conditions appears to be a reasonable response to the inflation risks posed by the ongoing conflict in Iran. According to Jin10, Pill emphasized the potential impact of the war on inflation, suggesting that financial measures may be necessary to mitigate these risks.

A newly established address has spent $52,000 on predictions regarding the Iran-U.S. peace agreement, according to Odaily. The address invested in the outcome that a permanent peace agreement would not be reached by May 15. Additionally, it made smaller investments predicting that the agreement would not be finalized by May 31. Previously, the address had only invested in predictions that a permanent peace agreement would not be achieved by April 22 and April 30.

لن يبقى السوق غامضاً إلى الأبد. غالباً ما تظهر المحفزات بشكل غير متوقع.

بالنسبة لرواد الأعمال الذين يطمحون للعمل في مجال Web3، يوصى بتقييم المخاطر المحتملة لمشاريعهم الناشئة بشكل عقلاني واتخاذ قرارات حكيمة، بناءً على فهم كامل للقوانين المحلية وسياسات السوق.

هناك شخصية مؤثرة معروفة في عالم العملات الرقمية، واسمها على الإنترنت ThreadGuy. وقد اشتهر في عام 2021 بتعليم الناس كيفية تداول الرموز غير القابلة للاستبدال (NFTs).

مهد الطريق أمام الذكاء الاصطناعي للانتقال من وضعه غير المسجل في البيئة التجريبية إلى أن يصبح موظفًا رسميًا على سلسلة الكتل (البلوك تشين).

إن الأصول التي تتبناها DeFi فعلياً ليست أكبر السندات الحكومية، بل أصول الائتمان ذات فروق العائد الأكثر إيجابية.

الذكاء الاصطناعي، آبل، التكنولوجيا، البحرية: انتهى عصر آبل، وبرمجيات الخدمة السحابية هي المستقبل. جولدن فاينانس: ما الذي تمتلكه شركتكم ولا يستطيع الذكاء الاصطناعي محاكاته؟

في حين أن منصة Aave، الرائدة في مجال إقراض التمويل اللامركزي، غارقة في اختراق Kelp DAO، فإن بروتوكولًا راسخًا آخر، وهو Sky، لم يجذب انتباه الحيتان الذين يملكون أموالًا حقيقية فحسب، حيث ارتفعت قيمة TVL الخاصة به بأكثر من 25٪ في الأسبوعين الماضيين، بل استغل أيضًا الزخم لإطلاق مبادرتين رئيسيتين.

في الليلة الماضية، غرد الباحث متعدد الوسائط في DeepSeek، تشين شياوكانغ، على منصة X، معلناً عن ورقة بحثية جديدة لشركة DeepSeek حول تقنية الوسائط المتعددة بعنوان "التفكير باستخدام العناصر البصرية الأولية"، قائلاً: "متحمس للإصدار".

العملات المشفرة، سوق العملات المشفرة، الأمر معقد للغاية - أصبحت العملات المشفرة الموضوع الأكثر خضوعاً للرقابة على منصة X. جينسي فاينانس: ما الذي كان يتحدث عنه المؤثرون في مجال العملات المشفرة خلال الـ 24 ساعة الماضية؟

أطلقت جينسي فاينانس تقريرها الإخباري اليومي حول صناعة العملات المشفرة وتقنية البلوك تشين، "جينسي مورنينج 8"، العدد 3043، لتزويدكم بأحدث وأسرع الأخبار حول صناعة العملات الرقمية وتقنية البلوك تشين.