Trump has the lowest approval rating and Ethereum members propose new fee structure for application layer

Reprinted from jinse

04/28/2025·17D

Headlines

▌Poll : Trump 's 100-day approval rating is the lowest in all US presidents in 80 years

US President Trump will be in power for a hundred days in his second term. On April 27 local time, the latest poll conducted by the ABC, The Washington Post and Ipsos Group showed that Trump's 100-day approval rating was 39%, a figure lower than in February this year, and set a record for the lowest 100-day support rating for all US presidents in the past 80 years.

▌Ethereum community members propose a new fee structure for the application layer

Ethereum community members Kevin Owocki and Devansh Mehta proposed a dynamic fee structure proposal for the Ethereum application layer on April 27 to balance the income creation of application developers and the fairness of fee withdrawals. The solution uses a square root function to calculate the cost ratio, and the fund pool is charged at a higher rate with a small scale, with a fee cap of 1% when it exceeds $10 million to support application developers and encourage project growth. Owocki and Mehta's proposal to balance Ethereum application developers' revenue and profitability reflects a growing number of calls for reforming the cost structure and value accumulation mechanism to maintain Ethereum's economic viability relative to competitive networks.

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$93,527.70, up and down -1.4% intraday;

ETH's latest transaction price is US$1,784.33, with an intraday increase and decrease of -2.8 % ;

BNB's recent transaction price is US$603.47, with an intraday increase and decrease of -0.7% ;

SOL's latest transaction price is US$147.50, with an intraday increase and decrease of -1.6 % ;

DOGE's latest transaction price is US$0.1779, with an intraday increase and decrease of -2.8 % ;

XPR's recent transaction price is US$2.24, with an intraday increase and decrease of +2.0 % .

policy

▌It is said that the European Central Bank generally tends to support another interest rate cut in June

Sources said that the European Central Bank's decision-makers are increasingly confident that they will cut interest rates in June, but will not make a significant cut, as inflation continues to decline. Last week, several ECB Management Committees attended the spring annual meeting between the International Monetary Fund and the World Bank, talking about the possibility of deterioration in the euro zone and the global economy due to U.S. tariffs. At the same time, the latest economic data released in the euro zone also reflects relevant phenomena. As for inflation, there is no indication that it has deteriorated due to tariffs. Sources said that more ECB Management Committee believes that it is more appropriate to make the eighth consecutive interest rate cut of 0.25% when interest rates are negotiated on June 4. The European Central Bank will also announce the latest economic forecast on the same day. However, ECB officials remain open and will make a final decision based on the data released next month.

Blockchain application

Term Finance lost $1.6 million due to oracle misconfiguration, and has recovered more than one million dollars

Ethereum fixed-rate lending protocol Term Finance caused an ETH loss of approximately $1.6 million due to an oracle configuration error. The team said that through internal capture and negotiation, more than $1 million of funds have been recovered, and the remaining deficit will be covered by the agreement vault, and a detailed review report is planned to be released. Term stressed, "This is not a hacker attack. No smart contracts have been used and user funds have not been directly targeted." On the same day, the DeFi protocol Impermax Finance also encountered a lightning loan attack, with a loss of more than $150,000.

Cryptocurrency

▌Data : Since late January, nearly 100 new entities holding more than 1,000 BTC have joined the Bitcoin network

According to on-chain analyst @ali_charts, nearly 100 new entities holding more than 1,000 BTC have joined the Bitcoin network since late January.

▌ Bitwise CEO: Google 's search volume of "Bitcoin" is close to long-term lows, and the current market is not driven by retail investors

Bitwise CEO Hunter Horsley posted on X platform that the price of Bitcoin has reached $94,000, but the search volume of "bitcoin" on Google is close to a long-term low. This is not driven by retail investors. Institutions, investment consultants, enterprises and national entities have entered the market one after another. The types of investors who buy Bitcoin are constantly diversifying.

▌The founder of the Trump family project WLFI and Zhao Changpeng met in Abu Dhabi to discuss promoting the global popularity of cryptocurrencies

World Liberty Financial (WLFI), a Trump family crypto project, said on the X platform that its founders Zach Witkoff, Zak Folkman and WatcherChase met with Binance founder Zhao Changpeng in Abu Dhabi to discuss issues such as promoting the popularization of cryptocurrencies worldwide and setting new standards. Zhao Changpeng previously posted that he met with Zach Witkoff and Bilal Bin Saqib on the same day, and expected that traditional media might fabricate negative reports on this, but emphasized that he would continue to focus on construction.

▌ ALPACA fell by more than 50% in 1 hour in the morning, and its market value is now reported at about US$27 million

According to Coingecko data, ALPACA flash crash at 3 a.m. today, falling by more than 50% in one hour. Its current price is about US$0.1779 and its market value is about US$27 million.

Previously, Binance issued an announcement stating that it would remove the token on May 2, 2025. After the announcement was released, ALPACA once rose by more than 800%.

▌ 1inch team investment fund increased its holdings by 5.498 million 1INCH after selling some WBTC the day before yesterday

According to the on-chain analyst Ember Monitor, the 1inch team investment fund started to buy 1INCH after selling some WBTC the day before yesterday: in the past day, it bought 5.498 million 1INCH at a price of $0.199 through a limit order, spending 1.094 million USDC.

▌ CZ: Satoshi Nakamoto is the artificial intelligence from the future

Binance founder CZ posted on social media that “Satoshi Nakamoto is AI from the future. I was just asked in a live interview in Turkey (still in progress) “Who I think Satoshi Nakamoto might be”. I always tweet when I meet.”

Important economic trends

▌The " new world order" in the US Treasury market triggers concerns about long-term US bonds

The “selling U.S. bonds” transaction that swept the market earlier in April could have a lasting blow to investors’ willingness to hold the longest-lived bonds of the U.S. government’s mainstay of the U.S. government deficit financing instrument. For bond managers at BlackRock, Brandi Wan Global Investment Management and Pioneer Group, the problem is that as U.S. President Trump takes office nearly 100 days, he has created more and more unknowns, forcing traders to focus on a wide range of issues beyond the possible trend of interest rates. The result has led bond buyers to question the traditional haven status of U.S. government debt and demand higher yields for longer-term bonds.

▌The probability of the Federal Reserve keeping interest rates unchanged in May is 90.3%

According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 90.3%, and the probability of cutting interest rates by 25 basis points is 9.7%. The probability of the Federal Reserve keeping interest rates unchanged by June is 35.5%, the probability of a cumulative interest rate cut of 25 basis points is 58.6%, and the probability of a cumulative interest rate cut of 50 basis points is 5.9%.

▌Trump : Meeting with Ukrainian President Zelensky is progressing well

U.S. President Trump said the meeting with Ukrainian President Zelensky is progressing well and the development of the situation in the next few days remains to be seen. He was very disappointed with Russia. It is hoped that Russian President Putin will stop firing and reach an agreement. The boundaries of the protocol have been determined. Ukrainian President Zelensky seems to be more calm now and hopes to reach an agreement.

▌U.S . Treasury Secretary Bescent: Investors may not lose confidence in the US market

US Treasury Secretary Bescent was interviewed on Sunday, and the host asked the US stock and bond double-killing, and investors seemed to lose confidence in the United States. Does this worry him? "You're talking about losing confidence again. I don't think it must be losing confidence. I have 35 to 40 years of experience in the market. Anything that happens in the two-week or one-month window can be statistical noise or market noise. You know, we are long-term investors. It's important that we are laying the foundation for a strong dollar, a strong economy, a strong stock market and letting investors know that the U.S. government's bond market is the safest and most robust in the world."

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.