The basic metals sector is undergoing a significant reassessment as expectations have overheated and supply and demand dynamics shift. According to Jin10, the recent geopolitical advantages enjoyed by the sector may be coming to an end. Aluminum companies are ramping up production, visible copper inventories are nearing one million tons, and zinc mines are accelerating output. These developments are contributing to a challenging environment for the basic metals market.

Oil prices experienced significant increases, with both Brent and WTI crude oil seeing their daily gains expand to 2%. According to Odaily, the latest prices were reported at $98.92 per barrel for WTI and $102 per barrel for Brent.

Solana Foundation has detailed its progress in preparing for quantum computing threats. According to Foresight News, the foundation's two main validator client development teams, Anza and Firedancer, have independently concluded that the post-quantum digital signature scheme Falcon is the preferred migration path. Both teams have completed initial implementations, with the code publicly available on their respective GitHub repositories. Additionally, Blueshift's Solana Winternitz Vault has been deployed for over two years and is one of the few quantum-resistant primitives in mainstream blockchain use, having been cited in Google's quantum AI white paper earlier this year. The Solana Foundation stated that while quantum computing poses a substantial threat, it will take several years to materialize. There is no immediate need for migration, but research, infrastructure, and ecosystem coordination are ready to enable a swift transition when necessary. The foundation anticipates that this will not significantly impact network performance.

Canada's Bill C-25 has successfully passed its second reading in the House of Commons, bringing the country closer to implementing a ban on cryptocurrency donations in political campaigns. According to NS3.AI, the proposed legislation seeks to prohibit crypto contributions across the federal political system, affecting parties, candidates, and third parties involved in election advertising. Under the bill, recipients of illegal crypto donations would be required to return them within 30 days or remit them to the Receiver General. The bill received support from the Conservative party for further examination in committee, and the topic of crypto donations faced minimal opposition during the debate.

Key Takeaways Bernstein identifies Bitcoin's recent low of approximately $60,000 as a clear cycle bottom, with the asset now approaching $80,000 on strengthening fundamentalsKey bullish drivers cited: stable institutional ETF inflows, Strategy's continued STRC-funded Bitcoin accumulation, and deepening blockchain integration with traditional financial infrastructureOver 60% of Bitcoin supply has remained unmoved for more than a year, reflecting a strengthening long-term holder baseStablecoin supply has reached a record high above $300 billion, signaling sustained real-world demand for dollar-denominated payments and settlementsTokenized private credit and real-world assets including US Treasuries grew 110% year-over-year to $345 billion Bernstein has declared Bitcoin's bear market over, identifying the recent low of approximately $60,000 as a clear structural bottom and calling for a bull market that is both higher and longer than prior cycles, according to the firm's latest research report cited by BlockBeats on April 27. The brokerage and research firm published the bullish assessment as Bitcoin approaches $80,000, arguing that the underlying fundamentals of the crypto market have materially strengthened since the cycle low and that the current setup is structurally different from previous recoveries. Three Structural Drivers Bernstein identifies three primary forces underpinning what it calls an asymmetric upward trend in crypto markets. First, stable institutional inflows from asset management companies and securities firms -- primarily channeled through spot Bitcoin ETFs -- are providing a consistent and growing demand floor that was absent in prior cycles. Second, Strategy's continued accumulation of Bitcoin through its STRC preferred equity program represents a sustained corporate buying program that removes supply from circulation on an ongoing basis. Third, the accelerating integration of blockchain technology with traditional financial infrastructure is expanding the addressable market and legitimizing crypto as an asset class for regulated capital. Supply Dynamics Support the Bull Case On-chain data reinforces the structural argument. More than 60% of Bitcoin's circulating supply has remained unmoved for over a year, indicating that a dominant share of the holder base is composed of long-term, conviction-driven investors rather than short-term speculators. This concentration of supply in strong hands reduces the available float and historically precedes periods of price appreciation as demand competes for a shrinking pool of liquid coins. Stablecoins and RWA Signal Broader Ecosystem Maturity Beyond Bitcoin, Bernstein points to broader crypto ecosystem metrics as evidence of structural growth. Global stablecoin supply has surpassed $300 billion for the first time, reflecting sustained real-world demand for dollar-denominated digital payments and cross-border settlements rather than purely speculative activity. Tokenized real-world assets -- including private credit instruments and US Treasury bonds -- grew 110% year-over-year to $345 billion, demonstrating that institutional adoption of blockchain infrastructure is accelerating across traditional asset classes. Bernstein's analysts concluded with a sweeping forward-looking statement: "The best days for cryptocurrencies are yet to come, which will be reflected in a higher and structurally longer crypto bull market."

According to Gate data, both WTI and Brent crude oil prices rose by as much as 2% intraday, and were last quoted at $98.92/barrel and $102/barrel respectively.

German Chancellor Friedrich Merz has expressed strong criticism of the United States' handling of negotiations with Iran, stating that the U.S. is being "humiliated" by Iranian leaders. Bloomberg posted on X, highlighting Merz's unusually candid remarks, which could potentially strain transatlantic relations further. The comments come amid ongoing efforts by U.S. President Donald Trump to negotiate an end to the conflict with Iran. Merz's statements reflect growing frustration in Europe over the U.S. approach to the situation.

China has expanded its digital yuan operator network by adding 12 banks in early April, as momentum for central bank digital currencies (CBDCs) wanes in other parts of Asia. According to NS3.AI, by the end of November 2025, China had achieved 3.48 billion cumulative e-CNY transactions, amounting to 16.7 trillion yuan, or approximately $2.37 trillion. In contrast, South Korea halted its digital won project in mid-2025, Japan maintained an unclear stance on its digital yen, and India continued to struggle with low adoption of its digital rupee.

Key Takeaways The CoinDesk 20 Index is trading at 2,106.81, down 0.8% since 4 p.m. ET FridayOnly 3 of 20 index assets are trading higher, reflecting broad but shallow weaknessLeaders: Aave (AAVE) up 1.0%, Cronos (CRO) up 0.8%Laggards: Stellar (XLM) down 3.4%, NEAR Protocol (NEAR) down 2.9% The CoinDesk 20 Index retreated Monday, falling 0.8% or 17.25 points to 2,106.81 since 4 p.m. ET Friday, as broad weakness across the index left only three of 20 constituent assets in positive territory, per CoinDesk Indices' daily market update. Stellar (XLM) led losses with a 3.4% decline, followed by NEAR Protocol at -2.9%. On the winning side, Aave (AAVE) gained 1.0% and Cronos (CRO) added 0.8% -- modest gains in an otherwise risk-off session that reflects Bitcoin's continued failure to clear the $80,000 resistance level.

Based on the usual cyclical logic, now is a good time to accumulate more BTC and wait for the next bull market cycle to arrive.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Manus, run forward, don't look back: On the moment Manus's trade was revoked. Golden Finance: In the face of the great era, intelligence is no longer the most important thing.

The tokenization of gold is perhaps one of the most compelling intersections between traditional finance and Web3 this year.

The real vulnerability of STRC is not the price of BTC, but mNAV.

Different countries and institutions, based on their own needs, are engaging with the same set of agreements in their own ways.

Let me share my thoughts on DMT-NAT and other on-chain Bitcoin assets.

In a single day, Wall Street has to digest four earnings reports from tech giants and multiple interest rate decisions—a day the market calls "the most important earnings day in recent years."

What impressed me most about the Hong Kong Blockchain Week this April wasn't any particular panel, but a scene.

China has stepped up pressure across its financial, technological, and capital markets while deepening restrictions on cryptocurrency activity and foreign investment—just as the United States intensifies sanctions targeting Chinese energy firms tied to Iranian crude imports. The coordinated moves mark a new phase in the widening economic confrontation between Beijing and Washington.