BTC breaks through $97,000 Bank of Japan continues to keep interest rates unchanged

Headlines

▌ BTC breaks through $97,000

The market shows that BTC broke through US$97,000 and is now at US$97,000.03, with a 24-hour increase of 3.23%. The market fluctuates greatly, please do a good job in risk control.

▌Bank continues to keep interest rates unchanged

The Bank of Japan's second consecutive meeting kept the target interest rate unchanged at 0.50%, in line with market expectations.

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Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$96,667.30, up and down +2.7% intraday;

ETH's latest transaction price is US$1,852.03, with an intraday increase and decrease of +4.3 % ;

BNB's recent transaction price is US$601.10, with an intraday increase and decrease of + 0.4% ;

SOL's latest transaction price is US$151.40, with an intraday increase and decrease of +4.7 % ;

DOGE's recent transaction price is US$0.1822, with an intraday increase and decrease of +6.3 % ;

XPR's recent transaction price is US$2.23, with an intraday increase and decrease of +2.3 % .

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policy

▌JPMorgan Blockchain Division Expands to the Middle East and North Africa Regions

JPMorgan’s blockchain business unit, Kinexys (formerly Onyx), has expanded its presence in the Middle East and North Africa, reaching partnerships with eight leading banks in the region. This development marks a broader shift in blockchain integration in banking infrastructure. JPMorgan Chase said on Thursday that six of the eight banks are Qatar National Bank, Saudi National Bank, Abu Dhabi First Bank, UAE National Bank, Dubai Commercial Bank and ABC Bank. A JPMorgan spokesman did not name the other two banks. These banks are using Kinexys to improve cross-border payments, fiscal functions and transaction efficiency.

▌North Carolina House of Representatives Passes State Crypto Investment Act

The North Carolina House of Representatives passed a bill that allows the state’s Treasury Secretary to invest public funds in approved cryptocurrencies, which will now be submitted to the Senate for consideration. The House of Representatives passed the Digital Asset Investment Act (i.e. House Bill No. 92) on April 30 by 71 to 44. Republican House Speaker Destin Hall introduced the bill in February to allow the Treasury Secretary to allocate 5% of the state's investment to designated digital assets. Investing can only be made after an independent third-party assessment is obtained, confirming that cryptocurrency holdings are maintained through a secure custody solution and meet risk monitoring and regulatory compliance standards. The new amendment allows finance supervisors to study the feasibility of allowing members of retirement and deferred compensation plans to choose to invest in digital assets held as exchange-traded products (ETPs).

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Blockchain application

▌ Layer-2 Rollup protocol Aztec announced to be launched on the test network

Aztec, a privacy-focused Layer-2 Rollup protocol, announced the launch of the test network, which uses protocol-level encryption technology to allow users to store private data on the blockchain in an encrypted form. The project team said they have been working on the product for more than 8 years, pushing this cutting-edge technology further to the mainnet. Co-founder Zac Williamson said that unlike regular ZK Rollup, Aztec prioritizes privacy rather than scalability, and a single transaction requires more on-chain resources. Previously in 2022, Aztec Network completed a US$100 million Series B financing, led by a16z.

▌ BNB Chain releases MCP to accelerate the deployment of AI Agents online

BNB Chain launches Model Context Protocol (MCP) protocol to accelerate the deployment of AI Agents. As part of the "AI First" strategy, the MCP open protocol is used to standardize secure two-way communication between AI applications and external systems that provide data or tools, connecting blockchain data and AI models through standardized interfaces to enable builders to build intelligent, context-aware applications.

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Cryptocurrency

▌ Bitwise executive: Bitcoin may reach $1 million in 2029

André Dragosch, head of European research at Bitwise, predicts that Bitcoin may reach $1 million in 2029, with a market value exceeding gold (currently $21.7 trillion). Its analysis pointed out that the basic target price of Bitcoin in the 2025 cycle is US$200,000. If the US government directly allocates Bitcoin through a "budget neutral" strategy, it may rise to US$500,000. The US spot Bitcoin ETF performed better than expected in the first year, and BlackRock IBITETF set a record for the fastest growth in history. Dragosch believes that as large investment banking channels such as Merrill Lynch and Morgan Stanley are gradually opened, "structural capital inflows" will extend the Bitcoin cycle.

▌Blockchain financial company Dinari completed a US$12.7 million Series A financing, led by Hack VC and others

Blockchain finance company Dinari announced that it has completed a US$12.7 million Series A financing, led by Hack VC and Blockchange Ventures, with VanEck Ventures, F-Prime and Avalanche Fund. The company's total financing amount has reached US$22.65 million and is valued at US$40.15 million in 2024. According to Pitchbook data, Dinari is valued at $40.15 million in 2024. The current valuation is not clear, but the company said it has achieved profitability, but refused to disclose the specific amount. Dinari focuses on providing US stock investment services to overseas investors, issuing tokens representing US stock ownership through blockchain technology. Its API services have been connected to multiple financial technology platforms, and users can purchase tokens corresponding to stocks of Apple and other companies. Dinari will directly purchase and hold corresponding stocks in the US stock market to ensure 100% asset endorsement.

▌ Canary Capital submits S-1 registration application for SEI spot ETF to the US SEC

Later Wednesday, Canary Capital filed an S-1 registration statement with the Securities and Exchange Commission, planning to manage the potential to become the first spot SEIETF in the United States, and the fund contains pledge elements. The proposed fund aims to provide investors with direct access to the SEI price of the native cryptocurrency of Sei network, and assets will be escrowed by BitGo and Coinbase. The trust plans to pledge some assets through one or more infrastructure providers, which may bring additional benefits to investors. In addition, the fund will handle the creation and redemption of shares in cash, similar to the existing spot Bitcoin and Ethereum ETF structure in the United States.

▌Bitcoin ' s historical rate of return in May: 6 times closed up and 6 times closed down since 2013

According to Coinglass data, of the 12 "May" markets in Bitcoin's history since 2013, six of them closed up and six of them closed down, with the largest increase in May 2019, when the monthly increase reached 52.38%. The largest decline occurred in May 2021, when the monthly decline reached 35.31%. From 2013 to the present, Bitcoin's "May" market average return rate is 7.4%.

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Important economic trends

▌U.S. stocks open higher, cryptocurrency stocks generally rise

At the opening of the U.S. stock market, the Dow Jones Industrial Average rose 0.51%, the S&P 500 rose 1.02%, and the Nasdaq rose 2%, driven by a cooler trade situation and an unexpected financial report from technology stocks. Microsoft (MSFT.O) rose 10%, while Meta Platforms (META.O) rose 7.25%, and its Q1 performance exceeded expectations. In addition, cryptocurrency stocks generally rose, including: MicroStrategy (MSTR) rose 2.96% Coinbase (COIN) rose 2.41% MARA Holdings (MARA) rose 4.34% Riot Platforms (RIOT) rose 5.09%

▌Hassett reveals "big tariff news", analysts are expected to reach an agreement with India

Hassett, director of the U.S. National Economic Commission, said that tax news is expected to be announced before the end of today (US Thursday). "Will they announce the first trade deal, or at least the details? If so, be sure to keep an eye on the news until the U.S. market closes, because that will have a huge impact on the market. I expect it will be a statement of agreement with India, and there are growing signs that India can reach an agreement, which will be key, especially if the U.S. is willing to reduce its minimum tariffs below 10%.

▌U.S. stock index futures rise, S &P 500 futures rise 1%

U.S. stock index futures rose, with S&P 500 futures rising 1%, Dow futures rising 0.54%, and Nasdaq futures rising 1.46%.

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Golden Encyclopedia

▌What is address poisoning attack

In the cryptocurrency world, hostile behavior by attackers to influence or deceive consumers by tampering with cryptocurrency addresses is called address poisoning attacks. On a blockchain network, these addresses composed of different alphanumeric strings are the source or destination of the transaction. 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 used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.