Key Takeaways
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Macro Environment: Trump renewed pressure on the Fed to cut rates, while dovish remarks from Fed officials boosted risk appetite. U.S. stocks rallied for three consecutive days, with Treasury yields declining sharply.
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Crypto Market: Regulatory easing continued as the Fed rescinded crypto asset and stablecoin guidance for banks. After two days of heavy Bitcoin ETF inflows, BTC volatility narrowed, ending slightly higher after a intraday V-shaped recovery. Bitcoin dominance declined further, with altcoin sentiment improving—AI Agents sector led gains.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,484.78 | +2.03% |
| NASDAQ | 17,166.04 | +2.74% |
| BTC | 93,976.80 | +0.31% |
| ETH | 1,769.49 | -1.43% |
Crypto Fear & Greed Index: 60 (63 a day ago), level: Greed
Macro Economy
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Fed’s Harker: June rate cut possible.
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Fed’s Waller: Would support cuts if Trump’s tariffs trigger unemployment spikes.
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Trump repeated calls for rate cuts, criticizing Fed delays.
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WSJ: No softening in Trump’s China tariff stance.
Industry Highlights
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Fed revoked crypto asset & stablecoin guidance for banks.
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Solana stablecoin market cap hit a record $12.8B.
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Raydium hinted at a potential airdrop.
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Metaplanet bought 145 more BTC (total: 5,000 BTC).
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Tether increased stake in Juventus FC by 10%.
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Coinbase exec: Sovereign wealth/insurance funds quietly accumulated BTC in April.
Project Highlights
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Hot Tokens: PENGU, ONDO, SUI
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XRP: CME to launch XRP futures.
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ONDO: SEC Crypto Task Force meets with Ondo Finance to explore options for compliant issuance of tokenized securities.
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HNT: Helium (DePIN) signed a deal with AT&T to integrate its community Wi-Fi network.
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MOVE: Movement launched DeFi Spring, offering 250M MOVE incentives.
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NEIRO: Secured exclusive IP rights; charity fundraising exceeded $300K.
Weekly Outlook
- Apr 25: SEC’s third crypto roundtable (focus: custody solutions
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