PA Daily | Spot gold surges to $3,390; Arthur Hayes says BTC may soon break $100,000
Reprinted from panewslab
04/21/2025·1MToday's news tips:
Data: Tether casts $1 billion on Tron network
ZORA tokens will be available on April 23
Trump's thoughts on negotiations: Whoever has gold is the dominant
PancakeSwap: CAKE Token Economics 3.0 is expected to be implemented on April 23
Bitcoin spot ETF net inflows of $15.85 million last week, IBIT ranked first to record $186 million
Regulatory/Macro
According to GMGN data, LUCE tokens may be affected by the news of "Death of Catholic Pope Francis", the LUCE token rose by more than 70% in a short period of time and is currently temporarily reported at US$0.0162. It is reported that Pope Francis died on April 21 at the age of 88. Francis' real name is Jorge Mario Begolio. He was born in Buenos Aires, Argentina on December 17, 1936. He has served as the Pope of the Catholic Roman Empire since 2013.
Spot gold continued to rise, reaching $3,390/ounce upward, continuing to approach the $3,400/ounce mark, and rose more than 1.8% during the day.
Metaplanet purchases 330 BTC again, and its total holdings increase to 4,855
According to Metaplanet's announcement, the company increased its holdings of 330 BTC at an average price of 12.182 million yen (about 85,605 US dollars), with a total investment of 4.02 billion yen. The current total holdings are 4,855 BTC, and the cumulative purchase cost is 62.165 billion yen. From the beginning of the year to the present, BTC Yield has reached 119.3%.
Trump's thoughts on negotiations: Whoever has gold is the dominant
US President Trump said on social platforms, "The golden rule of negotiation and success: those who own gold make rules." In addition, he also said, "Businessmen who criticize tariffs are not good at business, but what they really are not good at is politics. They do not understand and do not realize that I am the best friend of American capitalism in history!" Subsequently, spot gold broke through $3,350 per ounce in the early trading, approaching a record high, up 0.65% intraday.
Viewpoint
Arthur Hayes: BTC may soon break $100,000
BitMEX co-founder Arthur Hayes said the price of Bitcoin (BTC) may soon exceed $100,000, saying it could be the last chance to buy BTC below $100,000.
Analysis: BTC breaks through $87,000 and may push BTC to rebound to the range of $90,000 to $92,000
According to technical analysis by CoinDesk analyst Omkar Godbole, the price of Bitcoin exceeded $87,000, showing a strong upward momentum, with a target of $90,000 to $92,000. Previously, Bitcoin had a bullish breakthrough after consolidating between $83,000 and $86,000 for a week. The current trend shows that Bitcoin’s recovery from its April 7 low below $75,000 is still continuing. If the price of Bitcoin falls back below $85,000, this optimistic outlook may be denied. Analysis pointed out that Bitcoin has exceeded the 30-day index moving average (EMA), showing bullish momentum, while the 200-day simple moving average (SMA) is at $88,245.
According to Matrixport analysis, US President Trump threatened to remove Federal Reserve Chairman Powell, although it is unclear whether he has such power. This incident is seen as a key factor in the recent weakening of the US dollar. Historically, Bitcoin has shown a significant negative correlation with the US dollar. The current weakening of the US dollar may cause American investors to refocus on Bitcoin, highlighting its potential as a tool to hedge the depreciation of the US dollar.
Project News
PancakeSwap: CAKE Token Economics 3.0 is expected to be implemented on April 23
PancakeSwap officially announced that CAKE Token Economics 3.0 is expected to be implemented at 0:00 UTC time on April 23, and veCAKE and Gauges Voting will be officially "retired". Starting from 8:00 am on April 23, 2025 (UTC time), all CAKE and veCAKE stakes will be unlocked. Users who have directly pledged CAKE through the PancakeSwap interface will be able to exchange veCAKE for CAKE at a ratio of 1:1. Users who directly pledge CAKE through the PancakeSwap interface have 6 months to redeem their pledged CAKE and veCAKE, with the deadline being 08:00 am on October 23, 2025 UTC time.
Synthetix founder Kain posted a report on a social platform. In order to deal with the problem of sUSD deaning, the manual pledge mechanism has been launched, and the complete UI is expected to be launched within days. He said that if the new mechanism is invalid, it will increase the pressure on stakeholders of the 420 liquidity pool. Kain emphasized that the problem is controllable and called on SNX stakeholders to respond positively to optimize the incentive structure to restore anchoring. CoinGecko data shows that sUSD is currently at $0.7719, and the problem of deaning is still relatively serious.
ZORA tokens will be available on April 23
According to Zora's official social media, the platform token $ZORA will be officially launched on April 23, 2025.
ai16z founder called Auto.fun native token ai16z
Shaw, the founder of ai16z, posted on a social platform that the native token of the auto.fun platform is ai16z.
Vitalik Buterin proposes to replace EVM with RISC-V to improve Ethereum scalability
According to The Block, Ethereum co-founder Vitalik Buterin proposed on April 20 at the Ethereum Magicians forum to replace Ethereum virtual machine (EVM) with an open source instruction set architecture RISC-V to improve execution layer efficiency. Buterin notes that this move can increase zero-knowledge proof efficiency by up to 100 times while maintaining two-way compatibility with existing EVM contracts. The proposal aims to address the long-term expansion bottlenecks of Ethereum in data availability, block production competitiveness, and ZK-EVM proof.
Important data
The top three top earning dApps on Solana in the past 7 days are Pump, Axiom and Jupiter
According to Defilama data, the top three dApps with the highest revenue on the Solana chain are Pump, Axiom and Jupiter in the past seven days. Among them, Pump ranked first with revenue of $12.21 million and expenses of $17.87 million. Axiom's revenue and expenses are both $8.55 million. Jupiter earned $4.04 million and costs $15.8 million.
Data: Tether destroys 1.5 billion USDT on Ethereum
According to Whale Alert, Tether Treasury destroyed 1.5 billion USDTs on the Ethereum network at 16:45, worth approximately US$1.4985 billion.
Data: Tether casts $1 billion on Tron network
According to PeckShieldAlert monitoring, Tether Treasury has just cast a billion USDTs on the Tron network.
More than 374,000 SOLs were transferred from Binance, worth more than 52.76 million US dollars
According to Whale Alert monitoring, 374,161 SOLs (about 52.768 million US dollars) were transferred from Binance to an unknown wallet address.
Bitcoin spot ETF net inflows of $15.85 million last week, IBIT ranked first to record $186 million
According to SoSoValue data, from April 14 to 17, Bitcoin spot ETF recorded a net inflow of US$15.85 million. Among them, BlackRock IBIT net inflows of US$186 million, the largest this week; Fidelity FBTC net outflows of US$123 million and ARKB net outflows of US$99.83 million. As of now, the total net asset value of Bitcoin spot ETFs has reached US$94.51 billion, accounting for 5.59% of the total market value of Bitcoin, and the historical cumulative net inflow has reached US$35.37 billion.
Financing
UXLINK receives investment from UFLY Labs and reaches strategic cooperation with Solv Protocol
Web3 social platform UXLINK announced a strategic cooperation with Solv Protocol and received investment from UXLINK eco-fund UFLY Labs. Previous news, UXLINK initiated the eco-fund UFLY Labs.
jinse
