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

Reprinted from jinse

04/27/2025·18D

Headlines

▌ BTC breaks through $94,500

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

▌Trump : China must make substantial concessions, otherwise it will not cancel the tariffs imposed on China

On the 25th local time, US President Trump told reporters on the Air Force One special plane that unless China makes substantial concessions, the tariffs imposed on China will not be cancelled. In the past week, the US has continuously sent chaotic and even conflicting signals on tariffs on China. A spokesperson for the Chinese Embassy in the United States emphasized on the evening of the 25th that China and the United States have not conducted consultations or negotiations on tariff issues, let alone reached an agreement. If the US really wants to resolve the problem through dialogue and negotiation, it should correct its mistakes, stop threats and blackmail, and completely cancel all unilateral tariff measures against China. While saying that we will reach an agreement with China, we will continue to put extreme pressure on it. This is not the correct way to deal with China and it will not work. (CCTV.com)

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$94,742.05, with an intraday increase of -0.1% ;

ETH's latest transaction price is US$1,826.95, with an intraday increase and decrease of +1.9 % ;

BNB's recent transaction price is US$607.83, with an intraday increase of +1.1% ;

SOL's latest transaction price is US$149.52, with an intraday increase and decrease of -1.2 % ;

DOGE's latest transaction price is US$0.1822, with an intraday increase and decrease of -0.5 % ;

XPR's recent transaction price is US$2.20, with an intraday increase and 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 published by 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

Two Bitcoin Reserves bills in Arizona are now scheduled to be read three times next Monday, with a possible final vote, according to Bitcoin Laws.

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

▌Republicans plan to abolish U.S. audit regulator PCAOB

According to the Financial Times, late Friday local time, the leadership of the U.S. House Financial Services Committee announced a proposal to cancel the independent Public Companies Accounting Oversight Board (PCAOB), which is intended to be included in the large tax and expenditure bill that Congress is under review. Under the draft legislation, a tax levied on listed companies and brokerage dealers to fund PCAOB will be cancelled and the agency's responsibilities will be incorporated into the Securities and Exchange Commission. (Jin Shi)

Blockchain application

▌ a16z Crypto: Web3 project launches airdrops to focus on long-term incentives and community participation to avoid short-term arbitrage

a16z Crypto released an analysis article "Airdrops: How to Bring Home", which pointed out that the current airdrop strategy of Web3 projects focuses too much on short-term user growth and ignores the goals of long-term community construction and protocol governance. a16z Crypto suggests that project parties should design airdrops as "long-term incentive tools", and select real long-term participants by setting up lock-up periods and guiding users to participate in governance and contribution behaviors, rather than just attracting "airdrop hunters". In addition, a16z Crypto also emphasized that airdrops should be used as a means to build a loyal community and realize the long-term value of the agreement, rather than a purely 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 the digital asset reserve strategy

According to Cointelegraph, IoTeX co-founder and CEO Raullen Chai recently commented, urging governments to include decentralized physical infrastructure network (DePIN) tokens into their digital asset reserve strategy, a response to U.S. President Trump's establishment of strategic Bitcoin reserves. Chai believes that DePIN represents a new paradigm for community-driven infrastructure development, including it in the national reserves, create a self-sustaining infrastructure economy, reduce dependence on large businesses, provide inflation hedging, and reduce infrastructure costs.

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

According to 8marketcap data, Tether's market value surpassed that of heavy industrial equipment manufacturing company Caterpillar and jumped to the 121st place in the global asset market value. The current market value is temporarily reported to be US$147.18 billion, with an increase of 0.05% on the 7th.

▌Loopscale protocol Loopscale was attacked, with approximately 5.7 million USDC and 1,200 SOLs stolen

Solana's on-chain lending protocol Loopscale disclosed on X platform that at 11:30 am today EST time (23:30 am on April 26, Beijing time), Loopscale's RateX PT token pricing function was manipulated, resulting in about 5.7 million USDC and 1,200 SOLs being stolen from Loopscale USDC and SOL vaults. Currently, all markets in Loopscale have temporarily stopped trading for the team to investigate further.

The funds involved in this security breach account for about 12% of Loopscale's total funds, and only affect depositors who deposit funds into Loopscale's USDC and SOL cashiers. Borrowers and revolving loan users were not affected. We are making every effort to restore the repayment function as soon as possible to avoid unforeseen liquidation. The team is working closely with law enforcement officials, security experts and investors to recover funds with all their might. Once more information and a complete technical analysis report are obtained, they will be released immediately.

Important economic trends

▌Trump : Russia has no reason to attack civilians, perhaps it will deal with Putin through financial sanctions

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

▌Russia is preparing to negotiate with Ukraine without prerequisites

According to the International News Agency, Russian President Putin confirmed during a meeting with U.S. Special Envoy Vetkov that Russia is ready to negotiate with Ukraine without prerequisites. Russian Presidential Assistant Ushakov revealed on the same day that the meeting between Russian President Putin and U.S. Special Envoy for the Middle East, Witkov, lasted for three hours, which was constructive. He said 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 Fed observation data, the probability of the Fed cutting interest rates by 25 basis points in May is 10.4%, and the probability of remaining unchanged is 89.6%.

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.