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

Headline

▌BTC breaks through $94,500

The market shows that BTC breaks through $94,500 and is now at $94,504.71, with a 24-hour drop of 0.28%. The market fluctuates greatly, so please do a good job of risk control.

▌Trump: China must make substantial concessions or it will not cancel the additional tariffs on China

On the 25th local time, US President Trump told reporters on Air Force One that unless China makes substantial concessions, it will not cancel the additional tariffs on China. Over the past week, the US has been sending confusing and even contradictory signals on the issue of tariffs on China. The spokesperson of the Chinese Embassy in the United States emphasized on the evening of the 25th that China and the United States have not consulted or negotiated on the issue of tariffs, let alone reached an agreement. If the US really wants to solve the problem through dialogue and negotiation, it should correct its mistakes, stop threatening and blackmailing, and completely cancel all unilateral tariff measures against China. On the one hand, they say they want to reach an agreement with China, while on the other hand, they continue to exert extreme pressure. This is not the right way to deal with China, and it will not work. (CCTV.com)

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $94,742.05, with a daily increase or decrease of -0.1%;

ETH's latest transaction price is $1,826.95, with a daily increase or decrease of +1.9%;

BNB's latest transaction price is $607.83, with a daily increase or decrease of +1.1%；

SOL's latest transaction price is 149.52 US dollars, with a daily increase or decrease of -1.2%；

DOGE's latest transaction price is 0.1822 US dollars, with a daily increase or decrease of -0.5%；

XPR's latest transaction price is 2.20 US dollars, with a daily increase or decrease of +0.4%。

Policy

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

According to posts and screenshots posted by crypto KOL Crypto Rover, the International Monetary Fund (IMF) said 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, Arizona's two Bitcoin reserve bills are now scheduled for third reading next Monday and may be put to a final vote. 

If successfully passed, Arizona will be expected to become the first state in the United States to officially establish a Bitcoin reserve, marking an important progress in state-level digital asset policies.

▌Republicans plan to abolish US audit regulator PCAOB

According to the Financial Times, late Friday local time, the leadership of the US House Financial Services Committee announced a proposal to abolish the independent Public Company Accounting Oversight Board (PCAOB), which is intended to be included in the large tax and spending bill being considered by Congress. According to the draft legislation, a tax imposed on listed companies and broker-dealers to fund the PCAOB will be abolished, and the agency's responsibilities will be merged into the US Securities and Exchange Commission. (Jinshi)

Blockchain Application

▌a16z Crypto: Web3 projects should focus on long-term incentives and community participation when launching airdrops, and avoid short-term arbitrage

a16z Crypto published an analysis article "Airdrops: How to Bring Home", which pointed out that the current Web3 project's airdrop strategy is too focused on short-term user growth and ignores the goals of long-term community building and protocol governance. a16z Crypto suggests that project owners should design airdrops as "long-term incentive tools" by setting lock-up periods and guiding users to participate in governance and contribution behaviors, so as to screen out real long-term participants rather than just attracting "airdrop hunters". In addition, a16z Crypto also emphasizes that airdrops should be used as a means to build a loyal community and realize the long-term value of the protocol, rather than a simple marketing tool.

Cryptocurrency

▌Ethereum's net supply increased by 16,913 in the past 7 days

According to Ultrasound.money data, Ethereum's net supply increased by 16,913 in the past 7 days, of which the supply increased by about 18,219 ETH, and 1,305 ETH were destroyed through the destruction mechanism. The total supply of Ethereum has reached 120,715,598 ETH, and the supply growth rate is currently 0.731% per year.

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

According to Cointelegraph, IoTeX co-founder and CEO Raullen Chai recently commented, urging governments to include Decentralized Physical Infrastructure Network (DePIN) tokens in their digital asset reserve strategies, a response to US 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 can create a self-sustaining infrastructure economy, reduce dependence on large companies, provide inflation hedges, and reduce infrastructure costs.

▌Tether's market value surpasses Caterpillar and jumps to 121st in global asset market value

According to 8marketcap data, Tether's market value surpasses Caterpillar, a heavy industrial equipment manufacturer, and jumps to 121st in global asset market value. The current market value is temporarily reported at 147.18 billion US dollars, with a 7-day increase of 0.05%.

▌Lending agreement Loopscale suffered an attack, and about 5.7 million USDC and 1,200 SOL were stolen

Solana on-chain lending agreement Loopscale disclosed on the X platform that at 11:30 am EST today (23:30 Beijing time on April 26), Loopscale's RateX PT token pricing function was manipulated, resulting in about 5.7 million USDC and 1,200 SOL being stolen from Loopscale's USDC and SOL vaults. At present, all Loopscale markets have been temporarily suspended to allow the team to conduct further investigations. The funds involved in this security vulnerability incident account for about 12% of Loopscale's total funds, and only affect depositors who deposit funds into Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are not affected. We are working hard to restore the repayment function as soon as possible to avoid unforeseen liquidations. The team is working closely with law enforcement officials, security experts and investors to recover funds. Once more information and a complete technical analysis report are obtained, they will be released immediately.

Important Economic Dynamics

▌Trump: Russia has no reason to attack civilians, and may have to deal with Putin through financial sanctions

US President Trump said on social media that Russian President Putin has no reason to launch missiles at civilian areas, cities and towns, and may have to deal with him through financial sanctions or secondary sanctions. In addition, Trump also "blasted" the New York Times, saying: "No matter what kind of agreement I reach on the Russian-Ukrainian issue, no matter how good the agreement is, even if it is 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 that Obama and Biden left me."

▌Russia is ready to negotiate with Ukraine without preconditions

According to the Interfax news agency, Russian President Putin confirmed during his meeting with US envoy Vitkov that Russia is ready to negotiate with Ukraine without preconditions. Russian presidential assistant Ushakov revealed on the same day that the meeting between Russian President Putin and US Middle East envoy Vitkov lasted for 3 hours and was constructive. He said 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 Federal Reserve observation data, the probability of the Federal Reserve cutting interest rates by 25 basis points in May is 10.4%, and the probability of maintaining unchanged is 89.6%.

Golden Encyclopedia

▌What is an address poisoning attack

In the cryptocurrency world, hostile behavior by attackers to influence or deceive consumers by tampering with cryptocurrency addresses is called an address poisoning attack. On the blockchain network, these addresses, which consist of different alphanumeric strings, are the source or destination of transactions. These attacks use various methods to undermine the integrity and security of crypto wallets and transactions.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to improve risk awareness.