Shortly before the outbreak of the Iran war, the Federal Reserve's preferred inflation gauge maintained a steady, relatively rapid pace, highlighting the challenges the Fed faces in trying to curb persistent price pressures. The US core PCE price index for February recorded an annualized rate of 3.0%, the final reading of the annualized quarterly rate of real GDP for the fourth quarter was 0.5%, and initial jobless claims for the week ending April 4th reached 219,000. Following the release of this series of economic data, the market reaction was muted. The Federal Reserve considers the PCE index the most accurate barometer of US inflation trends. The latest data indicates that the inflation rate is still far from the Fed's 2% target, and due to soaring oil prices, the inflation rate may rise further in the short term. Persistently high inflation will also hinder the Fed from lowering interest rates for at least the next few months. (Jinshi)

Cryptocurrency analyst Ali Martinez recently shared an analysis on the X platform, suggesting that instead of debating whether Bitcoin has hit its bottom, attention should be focused on whether the current volatility presents a 'generational buying opportunity.' According to Odaily, Martinez identifies key 'value zones' for the current cycle based on long-term trend lines, on-chain liquidity, and cost distribution indicators. The UTXO Realized Price Distribution (URPD) indicates a significant concentration of holdings between $63,111 and $70,685, forming the primary support band. If Bitcoin falls below $63,111, the market may enter a liquidity vacuum. From a long-term perspective, Bitcoin is nearing a critical ascending trend line from the past decade, approximately between $56,000 and $60,000. Historically, this position has often marked the accumulation phase before significant price increases. In more extreme scenarios, the CVDD indicator suggests a structural bottom around $47,960, while the MVRV 0.8 range at approximately $43,647 indicates a market in an 'extreme pain' phase, typically associated with exhaustion of selling pressure. In the event of a black swan event, prices could briefly dip to an extreme range of around $36,657. Based on these zones, Martinez employs a dollar-cost averaging (DCA) strategy, gradually increasing positions across different support bands to reduce overall holding costs. He believes the market is currently in a phase of low sentiment, but potential opportunities are gradually emerging.

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Russia's central bank reported an increase in its gold and foreign exchange reserves, reaching $767.5 billion for the week ending April 3. According to Jin10, this marks a rise from the previous value of $755.4 billion. The growth in reserves reflects ongoing adjustments in Russia's financial strategy amid global economic fluctuations.

Despite the fragile ceasefire agreement between the US and Iran that briefly caused a plunge in oil prices, shipping through the Strait of Hormuz remained disrupted on Thursday, with no improvement in traffic conditions in the region. Only seven vessels with ties to Iran were observed leaving the Persian Gulf on Wednesday. Iranian state media reported that the Iranian Ports and Maritime Organization had issued two safe shipping routes to demonstrate Tehran's efforts to formally control the waterway. These routes are necessary because various anti-ship mines are likely to be present on the regular routes through this narrow strait. Martin Kelly, consulting director at EOS Risk Group, stated that revisiting the mine issue in the Strait of Hormuz is "the worst-case scenario for the shipping industry," and that restoring safe passage could take at least several months if normally used shipping routes are mined. The industry body, the International Chamber of Shipping, stated that more work needs to be done before vessels can pass through on a large scale again. The Chamber's Secretary General, Thomas Kazakos, said there is not much activity at present because there has been no reliable confirmation of ensuring safe passage, nor any specific information on how normal passage will be restored. (Jinshi)

Poland's central bank has identified fiscal policies and regulations related to fuel prices as ongoing risks to the Consumer Price Index (CPI). According to Jin10, these factors continue to pose challenges to the country's inflation outlook. The central bank's assessment underscores the importance of monitoring fuel-related policies as they can significantly impact inflation rates. Policymakers are urged to consider these risks in their economic strategies to ensure stability in the CPI.

Crypto analyst Ali Martinez published a lengthy analysis on the X platform, arguing that instead of debating whether Bitcoin has bottomed out, it's more important to focus on whether the current volatility presents a "generational entry opportunity." Based on indicators such as long-term trend lines, on-chain liquidity, and cost distribution, he defined the core "value range" of this cycle. Regarding support, the UTXO realized price distribution (URPD) shows a large concentration of tokens in the range of approximately $63,111 to $70,685, forming the current main support zone; a break below $63,111 could lead to a liquidity vacuum. From a long-term perspective, Bitcoin is approaching a key upward trend line from the past decade (approximately $56,000–$60,000), a level historically often corresponding to the accumulation phase before major upward moves. In more extreme scenarios, the CVDD indicator corresponds to approximately $47,960, considered a structural bottom area; the MVRV 0.8 range of approximately $43,647 represents a "painful" phase, typically accompanied by exhaustion of selling pressure. In the event of a black swan event, prices may briefly dip to the extreme range of approximately $36,657. Based on this range, Ali employs a phased accumulation strategy (DCA), gradually adding to positions at different support levels to reduce the overall cost basis, believing the market is currently in a phase of low sentiment but with potential opportunities gradually emerging.

Since late October last year, the total trading volume of the compliant Japanese stablecoin JPYC has reached $137 million. Polygon dominates with $90.4 million, accounting for 66%, followed by Avalanche with $26.4 million and Ethereum with $19.7 million. The founder of Polygon confirmed that physical stores in Japan now support offline payments using the Polygon network's JPYC.

Solana Treasury firm DeFi Development, listed on Nasdaq, has released its March operations report. According to Odaily, the company disclosed that by the end of March, it held 2.22 million SOL tokens. The amount of liquid staking tokens, dfdvSOL, increased from 513,000 to over 656,000. Additionally, DeFi Development announced plans to continue its strategic investment in the stablecoin protocol Apyx.

Nasdaq-listed Solana treasury company DeFi Development released its March operations report, disclosing that it held 2.22 million SOL as of the end of March, and its holdings of the liquidity staking token dfdvSOL increased from 513,000 to over 656,000. Furthermore, DeFi Development stated that it will continue to advance its strategic investment in the stablecoin protocol Apyx. (Globenewswire)

US law firm Gibbs Mura has announced a formal class-action lawsuit investigation into the Drift Protocol theft, involving approximately $280 million to $285 million. It is reported that over $230 million in USDC was transferred to Ethereum via Circle's Cross-Chain Transfer Protocol (CCTP). Gibbs Mura argues that while Circle possesses the technical capability to freeze funds, it failed to do so during the attack. The firm is currently assessing whether investors can file claims against Circle for "failure to intervene promptly," "insufficient monitoring," and "failure to fulfill stablecoin responsibilities," and is urging affected users to participate in the lawsuit to advance the recovery of funds. (Businesswire)

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