South Korea's industrial output in March grew by 3.6% year-on-year, according to Jin10. This figure fell short of the anticipated 3.8% growth. The previous value was revised from -2.20% to -2.3%.

Key Takeaways Bitcoin dropped to an intraday low of $74,937 after the FOMC confirmed rates hold at 3.50%–3.75%, citing Middle East uncertainty, before recovering to $75,947 on BinanceThe brief dip below the 20-day simple moving average at $75,664 was quickly absorbed, with Hyblock CEO Shubh Varma describing the move as classic post-FOMC stop-hunt behavior rather than conviction sellingThe global bid-ask ratio spiked to 0.3 -- one of its highest readings -- while open interest fell during the drop, signaling position squaring rather than directional sellingGlassnode flags Bitcoin as "trapped below market mean" at $79,000, with short-term holder profit-taking and net short futures positioning sapping bullish momentumInstitutional spot ETF inflows and rising CME open interest have built a "dense accumulation cluster" between $65,000 and $70,000, providing structural downside support Bitcoin is trading at $75,947 on Binance, recovering from an intraday low of $74,937 hit immediately after the Federal Open Market Committee confirmed it would hold the federal funds rate at 3.50%–3.75%, with the policy statement citing "developments in the Middle East" as a key source of economic uncertainty and stressing the Fed's desire to maintain optionality across both sides of its dual mandate. The decision itself was fully priced in, but Bitcoin remained under pressure throughout Chairman Powell's final press conference as chair before finding its footing and recovering toward current levels. The bounce back above the critical 20-day simple moving average at $75,664 is a near-term positive, though analysts warn the broader structure remains fragile heading into May. Classic Post-FOMC Behavior, Not Conviction Selling Hyblock CEO Shubh Varma pushed back against a bearish interpretation of the price action, characterizing it as textbook post-FOMC positioning. "The usual sell the news reaction after the FOMC," Varma said, adding that BTC "quickly recovered to pre-announcement levels within hours, showing strong underlying conviction." Derivatives data supported the read. The global bid-ask ratio spiked to 0.3 -- one of its highest readings on record -- while open interest fell during the price drop. Varma described the combination as "classic post-FOMC position squaring and stop-hunt behavior rather than conviction selling," with rising buy-side depth alongside falling open interest suggesting traders were absorbing the dip rather than pressing shorts. Bearish Leverage Had Been Building Ahead of the Decision Glassnode analysts had flagged deteriorating market structure before the FOMC minutes were published, noting that Bitcoin traders were adding bearish leverage ahead of the decision. Rising open interest following Tuesday's rally to $79,000, neutral funding rates, and a divergence between spot and futures cumulative volume delta left the market structurally exposed to a downside flush -- which duly arrived at $74,937 before reversing. Trapped Below Market Mean Glassnode's Week Onchain report described Bitcoin's broader price action as "trapped below market mean," with the True Market Mean sitting at $79,000 and having twice rejected Bitcoin's advance in recent sessions. A surge in short-term holder profit-taking alongside margin futures flipping net short has eroded the bullish momentum that drove April's recovery from $66,000. The $65,000–$70,000 range is identified as structural support, but weak demand continues to prevent sustainable rallies above the market mean -- a stalemate that leaves Bitcoin sensitive to sharper downside moves if macro conditions deteriorate further. Institutional Flows Provide a Floor Despite near-term technical fragility, Glassnode identified a structural demand cushion that limits downside risk. Continued institutional inflows into spot Bitcoin ETFs and rising CME open interest have created a "dense accumulation cluster" between $65,000 and $70,000, a zone where institutional buyers have been consistently absorbing supply and that would likely attract significant demand on any deeper pullback. With Bitcoin now back above the 20-day moving average at $75,664, the immediate technical picture has stabilized. A sustained close above that level keeps the bull trend structure intact and maintains the case for another attempt at $79,000. Failure to hold it reopens the path toward the lower boundary of the four-month-old channel and the institutional accumulation zone below.

Visa's stablecoin settlement pilot has reached a $7 billion annualized run rate following the expansion of support from four to nine blockchains. According to NS3.AI, Visa reported a 50% quarter-over-quarter growth in the run rate after incorporating Arc, Base, Canton, Polygon, and Tempo. Additionally, Visa announced that USDC settlement now includes U.S. banks, and the company supports over 130 stablecoin-linked card programs across more than 50 countries.

Key TakeawaysEric Trump declared at Bitcoin 2026 in Las Vegas that Bitcoin is in its "greatest period ever," citing transformational institutional adoption over the past six monthsMajor banks are now offering Bitcoin-backed mortgages and custody services, marking a significant Wall Street reversal in attitude toward the assetBloomberg ETF analyst Eric Balchunas noted Bitcoin ETFs rank among the most successful product launches in ETF history, opening the asset to everyday investorsTrump highlighted limited supply, growing institutional and sovereign demand, and increasing Bitcoin "stickiness" as structural factors compressing the market"What bitcoin has done in the last six months relative to the previous three years is transformational," Trump saidEric Trump took the stage at Bitcoin 2026 in Las Vegas on Wednesday with a declaration that the asset's most important moment is not approaching -- it has already arrived.Speaking as co-founder and chief strategy officer of American Bitcoin (ABTC), Trump pointed to a convergence of institutional adoption, corporate treasury strategies, ETF inflows, and mainstream banking services as evidence that the past six months have been more consequential for Bitcoin than the prior three years combined."What bitcoin has done in the last six months relative to the previous three years is transformational," Trump said. "We are in the greatest period I've ever seen."Wall Street Has Fallen in LineTrump highlighted major banks now offering Bitcoin-backed mortgages and custody services as the clearest evidence of a structural shift in Wall Street's posture toward the asset -- a reversal that would have been unthinkable just two years ago. The development signals that Bitcoin is no longer being treated as a speculative trading instrument by large financial institutions but as collateralizable, bankable asset."People are not selling it. People are holding it. Bitcoin is becoming sticky," Trump said, arguing that the combination of limited supply and growing demand from both institutional investors and sovereign governments is creating structural compression in available market supply -- a dynamic that historically precedes sustained price appreciation.ETFs as the Democratization MomentModerator Eric Balchunas, Bloomberg's senior ETF analyst, provided institutional framing for Trump's broader argument. Bitcoin ETFs, Balchunas noted, have ranked among the most successful product launches in the entire history of the ETF instrument -- opening access to the asset for everyday retail investors in a way that was previously available only to institutions and high-net-worth individuals. The mainstreaming of Bitcoin through regulated, accessible wrappers represents a structural demand expansion that prior cycles did not benefit from.Long-Term Conviction Over Short-Term NoiseTrump was direct about his personal conviction despite the current price volatility that has seen Bitcoin struggle to clear $79,000 after a strong April recovery. "I'll ride out the volatility," he said. "We'll see who wins in a 10-year period of time" -- a comment that positions American Bitcoin's strategy firmly in the long-term accumulation camp regardless of near-term price action.

Jack Dorsey and Eugene Jarecki have announced plans for a global private pay-per-view watch party for the film 'The Six Billion Dollar Man,' with the release scheduled in less than 60 days. According to NS3.AI, Dorsey highlighted Bitcoin's significance, citing its role in 2011 when WikiLeaks faced restrictions from traditional donation channels and turned to Bitcoin as an alternative.

U.S. President Donald Trump announced on April 29 that the United States and Iran are engaged in phone negotiations. According to NS3.AI, Trump noted that the discussions have seen some progress. However, he emphasized that no agreement will be reached unless Iran explicitly commits to completely abandoning nuclear weapons.

Michael Saylor has reaffirmed Strategy's commitment to its core strategy of raising capital and continuously accumulating Bitcoin. According to NS3.AI, Saylor emphasized that Strategy will maintain an aggressive stance as its Bitcoin holdings increase, positioning the company as a pure Bitcoin stock. Additionally, Saylor mentioned the potential for Bitcoin to be upgraded to counter threats posed by quantum computing.

Grayscale's Zcash Trust experienced a significant increase in daily trading volume, averaging approximately $1.7 million in April. According to NS3.AI, this figure represents more than double the volume recorded in the previous month. Additionally, nearly 30% of the circulating Zcash (ZEC) is now held in shielded balances, marking the highest ratio ever recorded.

The world's largest gold ETF, SPDR Gold Trust, reported a reduction in its holdings by 1.714 tons, bringing the current total to 1,039.195 tons. According to Jin10, this adjustment reflects ongoing changes in investor sentiment and market dynamics.

Key TakeawaysBitcoin's Coinbase Premium turned negative this week for the first time since early April, signaling weaker US institutional buying interest after driving the rally from $66,000 to $78,000On-chain realized losses spiked to $5.97 billion on April 24 as Bitcoin traded near $78,000, indicating investors who bought at $80,000–$95,000 used the April rebound to exit rather than add exposureRealized losses have since declined from the April 24 peak to $4.7 billion by April 28, suggesting the underwater seller cohort may be thinningBitcoin is currently trading around $75,949, having slipped below $76,000The Coinbase Premium ran consistently positive from April 8 through April 22 -- the same window that drove Bitcoin's 18% recovery -- before rolling overThe US institutional bid that powered Bitcoin's April recovery is showing signs of exhaustion, with two closely watched on-chain metrics simultaneously flashing warning signs as Bitcoin slips back below $76,000.Bitcoin's Coinbase Premium -- the price differential between Coinbase, which primarily serves US customers, and offshore exchanges -- turned negative this week for the first time since early April, according to CryptoQuant data. The metric had run consistently positive from April 8 through April 22, precisely the window during which Bitcoin climbed from $66,000 to a local high near $78,000. The premium peaked around April 22 and has deteriorated since.What the Coinbase Premium RevealsCoinbase is widely used by analysts as a proxy for US institutional and dollar-denominated demand flows. A persistently negative reading means American investors are consistently paying less for Bitcoin than the rest of the world -- a signal that they are either selling more aggressively or simply not showing up as buyers at current levels. The flip from positive to negative marks a meaningful shift in the demand dynamic that underpinned April's rally.$6 Billion in Realized Losses Exposes Underwater SupplyOn-chain data tells the same story from the seller's perspective. Bitcoin's 7-day Realized Loss sum -- which tracks the total dollar value of coins moved at a loss across the network -- spiked to $5.97 billion on April 24 as Bitcoin traded near $78,000. Realized losses are only recognized when holders sell coins below their original purchase price, meaning a near-$6 billion print at $78,000 identifies a large cohort of sellers who bought at significantly higher levels.CryptoQuant analyst Axel Adler Jr. said in a report that this cohort likely entered the market between $80,000 and $95,000 during late 2025 and early 2026, using the April bounce as an opportunity to exit underwater positions rather than a signal to add exposure. The simultaneous slowdown in Coinbase Premium and spike in realized losses points to US institutional buyers stepping back just as a significant overhang of underwater supply was being offloaded into the rally.Seller Cohort May Be ThinningThe picture is not entirely bearish. Realized losses have already declined from the April 24 peak of $5.97 billion to $4.7 billion by April 28 -- a 21% drop that suggests the seller cohort is thinning as the most motivated underwater holders have already exited. Analysts are watching whether this metric continues to decline as a signal that the supply overhang from late 2025 and early 2026 buyers is being absorbed, which would reduce the selling pressure capping Bitcoin's attempts to reclaim $79,000 and above.Bitcoin is currently trading around $75,949. Whether the Coinbase Premium returns to positive territory -- and whether realized losses continue their post-peak decline -- will be two of the most closely watched indicators for determining if the April recovery has a second leg or has run its course.

​Telegram担保市场已逐步形成集担保撮合、资金结算、商户管理与流量分发于一体的地下服务体系，并呈现出明显的平台化、网络化发展特征。

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AI 加速时代，以太坊要回答的真正问题，已经远不是如何更快、更便宜。

香港证监会于2026年4月20日公布有关代币化证监会认可投资产品（以下简称代币化产品）在二级市场买卖的通函，为这类产品提供了一种新的交易渠道选择。

美联储是否仍愿意保留“下一步更可能降息”的政策暗示，还是开始承认风险已经转向双向。

这一时间窗口，也将是阿联酋调整节奏、全面增产的关键窗口。

在加密货币圈外的人尚未察觉时，金融基础设施的重建进程已经越过了临界点。

原以为这个疯狂的 AI 疯狂更新应该已经告一段落了，没想到上周才发完 V4 的 DeepSeek ，突然端出一个更大的惊喜。

据报道，一个自主编码代理在短短几秒内删除了整个生产数据库及其备份，一位软件创始人的这则关于灾难性故障的叙述，再次引发了人们对在生产环境中部署人工智能所面临风险的担忧。

KelpDAO,人工智能,AI 无法拯救人类的愚蠢：从 KelpDAO 2.92 亿美元事件 看区块链安全的真正盲区 金色财经,AI 审计解决不了的问题，需要人来解决。