The Sentinel Action Fund, a US super PAC backed by the Solana Institute, announced it will invest $8 million to support Republican candidate Jon Husted's bid for the Ohio Senate seat against Sherrod Brown, a long-time critic of the crypto industry. Sentinel stated that the funds will be used in conjunction with its affiliated organization, Right Vote, to help candidates who support crypto policies win. Husted has been a vocal supporter of digital asset innovation, advocating for a "regulatory framework conducive to innovation" and supporting legislation including the GENIUS Act. Regarding funding sources, Sentinel has secured support from crypto capital firms such as Multicoin Capital, with the Solana Institute and Multicoin contributing $750,000 and $250,000 respectively. Traditional financial figures such as Stephen Schwarzman and Kenneth Fisher have also contributed. It's noteworthy that crypto super PACs are continuously increasing their political investment. Previously, a candidate backed by Fairshake successfully defeated Brown in the 2024 election. With the 2026 midterm elections approaching, crypto capital is accelerating its strategic positioning to push pro-crypto policy candidates into the US legislative system. (The Block)

On April 16, Jin10 reported that the Japanese yen has seen a slight recovery against the U.S. dollar following a new verbal warning issued by Japan's Finance Minister during the G20 meeting. After meeting with the U.S. Treasury Secretary, Japan's Finance Minister stated that the U.S. and Japan have agreed to enhance communication regarding foreign exchange rates. The yen has now moved away from the 160 level, which was considered a danger zone for intervention. According to Sony Financial Group analyst Junato Momito, any rise in the dollar against the yen during Thursday's trading is expected to be capped at 159.50, as traders await U.S. economic indicators, including initial jobless claims and industrial production data.

Bitcoin rose to approximately $74,935 during Asian trading hours, up 0.7% in the past 24 hours and 5.4% for the week. However, the derivatives market is sending mixed signals. QCP Capital points out that this rally is primarily driven by the spot market, rather than a comprehensive recovery in risk appetite. Currently, Bitcoin perpetual contract funding rates remain negative, and open interest is declining, indicating that short sellers are still hedging rather than being forced to close positions. The options market is also cautious: short-term implied volatility is low, the one-month term is less than three months, and risk reversal indicators show that market demand for downside protection is higher than upside bets, suggesting that traders are more willing to pay for potential declines rather than chasing rallies. QCP believes this is more like a "bounce" than a trend reversal. On the macro level, long-term US Treasury yields and gold price movements have not confirmed a recovery in risk appetite; gold remains near high levels, indicating that safe-haven demand still exists. The institution points out that the current market movement is more of a "sentiment repair" driven by ceasefire expectations, rather than a resolution of core risks. Furthermore, Ethereum performed relatively strongly, with the ETH/BTC ratio rebounding to approximately 0.0315. This, coupled with record highs in on-chain transaction volume and stablecoin supply, indicates a potential rotation of funds towards high-beta assets. However, the market still needs to observe the evolution of subsequent risk events to confirm the sustainability of this upward trend. (CoinDesk)

Arthur Hayes: Empire, Strait, and Printing Presses - Three Fate Scenarios for Bitcoin (Golden Finance) - Three Scenarios in the Strait of Hormuz and How They Affect Bitcoin Prices

According to NS3.AI, Hyperbot data reveals that Machi Big Brother currently holds long positions in Bitcoin (BTC), Ethereum (ETH), and HYPE, with a combined value exceeding $56.5 million. These positions are generating nearly $1.9 million in unrealized profit, indicating a strong performance in the cryptocurrency market.

Allbirds, the "celebrity shoe" brand, announced its bet on the AI ​​infrastructure sector and changed its name to NewBird AI, aiming to compete with CoreWeave by investing in GPU computing power. Its stock price surged nearly 600%, but several industry insiders have issued warnings. Matt Domo, CEO of FifthVantage, stated that Allbirds' AI transformation seems more like a means to boost its weak stock price. Investors should be wary of "AI washing," where some companies attempt to exaggerate or even fabricate their AI capabilities for marketing purposes. Furthermore, there are precedents for companies trying to capitalize on hot trends through aggressive transformations; many companies attempted to ride the blockchain wave in late 2017 and early 2018. Jason Schloetzer, Associate Professor at Georgetown University's McDonough School of Business, pointed out that the initial $50 million funding is "negligible compared to the actual investment required to become such a service provider." However, from a more optimistic perspective, the influx of new players into the AI ​​field may reflect the market's "continued enthusiasm" for growth. Seaport Research analyst Jay Goldberg believes it's hard to imagine Allbirds, a company that entered the field later in life, offering competitive products or services. (Marketwatch)

Crypto investor Huang Licheng has recently expanded his positions in BTC and HYPE, according to Odaily. Hyperbot data reveals that his overall portfolio is showing a floating profit of nearly $1.9 million. Huang's holdings include a 25x leveraged ETH position with 13,700 ETH, valued at $32.255 million, and a floating profit of $1.514 million. Additionally, he holds a 40x leveraged BTC position with 202 BTC, valued at $15.117 million, and a floating profit of $175,000. Furthermore, Huang has a 10x leveraged HYPE position with 202,000 HYPE, valued at $9.104 million, and a floating profit of $170,600.

Bitcoin is at a pivotal point, according to BlockBeats. Analyst Alicharts reports that Bitcoin is testing the 100-day simple moving average (SMA) resistance level for the third time in six months. Previous attempts in October and January resulted in failures, leading to significant price drops. In October, Bitcoin's failure to break through led to a 30% decline from $116,000 to $80,000. Similarly, in January, another failed attempt resulted in a 39% drop from $97,000 to $59,800. Alicharts warns that a third rejection at this level could signify a major structural failure, potentially triggering a triple top effect and pushing Bitcoin's price back to the annual low of $59,800. Conversely, if Bitcoin manages to break through and close above the 100-day SMA, it could pave the way for a rise to $80,000 – $84,000, indicating that a macro adjustment might be complete.

Hyperbot data shows that Huang Licheng, nicknamed "Brother Machi," has recently been continuously adding to his long positions in BTC and HYPE. His overall portfolio currently shows a floating profit of nearly $1.9 million. His specific holdings are as follows: 1. A 25x leveraged long position in ETH, holding 13,700 ETH, with a position value of $32.255 million and a floating profit of $1.514 million; 2. A 40x leveraged long position in BTC, holding 202 BTC, with a position value of $15.117 million and a floating profit of $175,000; 3. A 10x leveraged long position in HYPE, holding 202,000 HYPE, with a position value of $9.104 million and a floating profit of $170,600.

CoW DAO reported that on April 14, an attacker used forged documents to seize control of the cow.fi domain, deploying a phishing site. According to NS3.AI, the attack initially involved a wallet drainer and subsequently employed fake wallet pop-ups to extract seed phrases and passwords from users. CoW DAO has since regained control of the domain, ensuring that cow.finance remained operational throughout the incident. The project is now in the process of gradually transitioning users back to cow.fi.

On April 16, Jin10 reported that the dominance of the U.S. dollar continues to be a topic of significant interest. According to Franklin Templeton, the dollar is expected to remain the preferred currency. The company's Chief Investment Officer for Fixed Income, Sonal Desai, stated in a report that the dollar's status is supported by three main pillars: the size of the world's largest economy, the depth of its markets, and its institutional credibility. She emphasized that there is currently no reliable alternative asset, and establishing the institutional infrastructure needed to support such a currency would take decades. The debate over the dollar's dominance has intensified due to U.S. President Donald Trump's unpredictable trade, geopolitical, and fiscal policies, which have diminished the appeal of U.S. assets. Some analysts suggest that the euro and gold could potentially become preferred reserve assets.

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