Important information last night this morning (April 26-April 27)
Reprinted from panewslab
04/27/2025·17D
10x Research: Institutional FOMO, DeFi boom and regulatory positives drive altcoins to rise
10x Research said in its latest report that the cryptocurrency market soared across the board this week, with Bitcoin breaking through the $95,000 mark, driven by factors such as easing macro risks, record inflows of ETF funds and weakening of the dollar. Altcoins followed closely, with surges in institutional interest, ecological expansion, DeFi outbreak and warming regulatory direction becoming the main driving forces. Specifically, Solana (SOL) rose 6.7%, supported by institutional buying, DeFi growth, short squeeze and Meme coin activity; Ripple (XRP) rose slightly, and CME launched XRP futures and increased integration with banking, despite legal risks, market enthusiasm remained unabated. Stellar (XLM) rose 18.1% as South Asian retail giants cooperated, surge in transaction volume and relaxed new regulations on US crypto banks; Polkadot rose 10.1% against the trend. Although the SEC delayed ETF approval, the market was optimistic about the final approval and the opening of the crypto market. SUI soared by 64.3%, driven by the explosion of DEX trading volume, stablecoin ecosystem expansion and well-known cooperation; Raydium Protocol (RAY) rose 27.9%, thanks to the recovery of Meme coin incentive plan and DeFi on the Solana chain; Aave (AAVE) rose 21.5%, due to the rebound of Bitcoin, repurchase plan, GHO stablecoin growth and locked value increase. Trump tokens soared 86% as plans to go with Trump's dinner were announced, and investors are still attracted by political controversy. After the Algo Foundation launched the decentralized ID project, the price of ALGO rose by 18.4%. BONK rose 55.7%, regaining Solana's status as the top Meme coin, benefiting from token destruction and NFT market acquisitions. Ondo rose 16.7% as positive dialogue with the SEC on tokenization and Treasury bond tokenization boosted confidence.
BONK launches Meme coin issuance platform Letsbonk.Fun
According to official news, BONK announced the launch of the Meme coin issuance platform Letsbonk.Fun, which is jointly developed by members of the BONK community and Raydium. Part of the handling fees of Letsbonk.Fun platform will be used to: strengthen and ensure Solana network security through BONKsol verification nodes; repurchase and destroy BONK tokens to reduce circulation.
A smart trader exchanged 1.18 million Fartcoin positions to 78,671 TRUMP 18 hours ago
According to Lookonchain monitoring, a smart trader exchanged all the 1.18 million Fartcoin (worth $1.22 million) positions he held 18 hours ago to 78,671 TRUMP tokens. The trader previously completed 5 swing transactions on Fartcoin, each of which achieved a profitable profit of 100% and achieved a cumulative profit of US$669,000.
Michael Saylor posted on X platform that so far this year, Strategy (MSTR) financial operations have generated $5.1 billion in BTC revenue.
Greeks.live macro researcher Adam said on the X platform that next week (4/28-5/2) the most important thing is Friday's non-farm and surplus data. Three months after Trump took office, the US economy and trade have suffered a big blow, and the US stock market has been relatively weak. However, there has not been a clear trend in economic data. Every time, the large macro data is worth paying attention to whether there will be black swans. The implicit volatility is continuing to decline recently, especially the medium and short-term decline of BTC has been significantly reduced, which has approached 45%. The market does not expect future volatility. Although the price of BTC fluctuated at $95,000, the market sentiment on the cryptocurrency is not high, so it can only be said that it has improved.
Two Arizona Bitcoin reserve legislation to be read on Monday with a final vote likely
Two Bitcoin Reserves bills in Arizona are now to be read three times next Monday, with a possible final vote, according to Bitcoin Laws. This may become the first state-level Bitcoin reserve bill to pass a vote.
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.
Loopscale is attacked, with about 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. This is a vulnerability originating from the RateX PT token market on Loopscale. RateX itself is not affected.
According to Decrypt, since Bitcoin completed its fourth halving in April 2024, BTC price has risen by only 43.4%, far lower than the 7,000%, 291% and 541% gains recorded respectively after the first three halvings, setting the worst performance since the Bitcoin halving. Analysis pointed out that factors such as macroeconomic uncertainty, Trump administration's trade policies, ETF capital outflows, and market structure changes have jointly weakened the upward effect brought by the halving. In addition, as the Bitcoin market gradually matures and price volatility declines, its 60-day volatility has dropped from 200% in 2012 to about 50% at present, indicating that a more stable but limited increase may occur in the future.
Analysts: Bitcoin faces strong resistance in the $94,125 to $99,150 range
Crypto analyst @ali_charts released data on the X platform that Bitcoin faces strong resistance in the $94,125 to $99,150 range, with about 2.61 million wallets stocking up 1.76 million bitcoins in this price range.
According to Cointelegraph, World Liberty Financial (WLFI), a crypto project backed by the Trump family, still faces problems of portfolio shrinking and liquidity restriction after completing two rounds of token sales of a total of $550 million. WLFI was launched in September 2024 and is mainly funded through the sale of non-transferable WLFI tokens. Despite holding assets such as Wrapped Bitcoin (WBTC), Ethereum (ETH) and Avalanche (AVAX), some investments, such as Movement (MOVE) and Mantle (MNT), have suffered substantial losses. As of April 24, investments in MNT, MOVE, ONDO and ETH all experienced double-digit losses, with MOVE suffering a heavy blow, with WLFI's total investment value falling by more than 50%, and investment losses of about US$2.1 million. In addition, WLFI's close ties with the Trump administration have sparked widespread doubts about conflicts of interest and market manipulation, and issues of project transparency and compliance have also received continued attention.
Analysis: If Citi predicts a surge in stablecoin supply, BTC may rise to $285,000 in 2030
According to Coingape, Citibank predicts in its latest report that the total supply of stablecoins will grow to $1.6 trillion in the benchmark situation by 2030 and $3.7 trillion in the optimistic situation. Analysts believe that if Citigroup forecasts are realized and regulatory momentum under Trump's policy continues, Bitcoin is expected to enter the price discovery stage. Based on the historical ratio of stablecoin growth to the appreciation of BTC prices -a 6.7-fold increase in stablecoin may be converted into a 3- to 5-fold increase in Bitcoin, and the price of Bitcoin may reach $285,000 in 2030, and the more optimistic upper limit may be close to $475,000 per coin. Even under the conservative assumption (i.e., only 25% of stablecoin growth turns to Bitcoin), Bitcoin may still grow 200% to 250% from current levels, predicting that the price will rise to between $190,000 and $237,500 by 2030.
Macro Outlook Next Week: Super Data Week is coming, non-agricultural and PCE will follow
As concerns surrounding Fed independence and ongoing trade frictions fade early this week, this week can be seen as a positive week. On Friday, U.S. stock markets performed poorly, and market participants continued to wait for more information about the tariff war. Looking ahead to next week, although the Federal Reserve has entered a "silence period" and the domestic market is about to enter the May Day holiday, there are still many important agendas, including but not limited to non-agricultural data, US first-quarter GDP data, PCE inflation data and Bank of Japan's interest rate resolution... The following are the key points that the market will focus on in the new week: Monday 22:30, US Dallas Fed Business Activity Index in April 22:00, US March JOLTs job vacancy, April Consulting Chamber of Commerce Consumer Confidence Index on Wednesday 09:30, China's April official manufacturing PMI on Wednesday 09:45, China's April Caixin Manufacturing PMI Wednesday at 17:00, the initial annual GDP rate of the euro zone in the first quarter was 20:15, the number of ADP employment in the United States in April was 20:30, the quarterly rate of the U.S. Labor Cost Index in the first quarter, the quarterly rate of the real GDP in the first quarter, the quarterly rate of the real personal consumption expenditure in the first quarter, the quarterly rate of the core PCE price index in the first quarter was 22:00, the monthly rate of PCE price index in the first quarter, the monthly rate of PCE price in the United States in March, the monthly rate of personal expenditure in March, and the monthly rate of the existing home contract sales index in March was 19:30, the number of layoffs of challenger enterprises in the United States in April was 21:45, the final value of S&P Global Manufacturing PMI in April was 20:30, the final value of the U.S. S&P Global Manufacturing PMI in April was 20:30, the ADP employment report, which was known as the "small non-farm" in the United States in April, the ADP employment report, known as the "small non-farm" after the adjustment of the U.S. Seasonally adjusted non-farm employment population and the April unemployment rate in April, will also be released next Wednesday, and the latest PCE inflation and consumption data will be released. However, the real focus will be the non-farm jobs report scheduled for next Friday, and speculation is currently fierce about when the Fed will cut interest rates. Non-farm employment growth is expected to slow from 228,000 in March to 130,000 in April, with the unemployment rate remaining unchanged at 4.2%. Average wages in April may increase by 0.3% month-on-month. A series of worrying data for the dollar is almost certainly negative, but for U.S. stocks, if interest rate cuts are expected to increase and market sentiment is not overshadowed by recession concerns, the stock market may rise.
jinse
