2024-04-11, Thursday, Daily News (Selected)

April 11-News Research

Daily Market Sharing/Market Policy Dynamic Analysis

On-chain Abnormal Monitoring

Policy Information

1. The next interest rate decision of the Federal Reserve: The probability of maintaining the interest rate unchanged is as high as 95.5% (2 am on May 2, 2024)

2. Shanghai Municipal Party Secretary: Welcome Standard Chartered to put more new institutions, new businesses, and new platforms such as blockchain in Shanghai

3. US Senator: Bitcoin is a reliable choice to protect consumer rights

4. European Securities and Markets Authority: EU MiCA rules have little impact on the European crypto market

Macro content

1. The US CPI rose 3.5% year-on-year in March, the market forecast was an increase of 3.4%, and the previous value was an increase of 3.2%, which was higher than expected. Spot gold plunged more than 1%, and the Fed's June rate cut bet disappeared.

2. Biden: The rate cut may be postponed for one month, but there will be a rate cut before the end of the year. Fed meeting minutes: Almost all participants believe that it is appropriate to cut interest rates this year.

3. Iranian media denied reports that Tehran closed its airspace. Source: US and Israeli intelligence estimates that Israel is about to be attacked on a large scale by Iran or its "proxies".

4. OpenAl launches GPT-4Turbo, with training data updated to December 2023. Meta officially announces next-generation AI training and reasoning chip project.

Cryptocurrency news

1. Data: Yesterday, the net outflow of spot ETF funds was US$124 million, Grayscale GBTC only outflowed US$17.5 million (the lowest net outflow in a single day), and FBTC inflow was US$76.3 million.

2. The total gas consumption on the Base chain has exceeded 9,000 ETH

3. Paxos USDP March Transparency Report: The total outstanding tokens have dropped to about $147 million, a decrease of more than $55 million from the previous month

4. The Runestone floor price has exceeded 0.09 BTC, and the market value has exceeded $700 million

5. The difficulty of Bitcoin mining has increased by 3.92% to 86.39T, a record high

6. Former FTX executive Ryan Salame will be sentenced on May 28

7. Source: Hong Kong, China will launch the first batch of spot Bitcoin ETFs this month

8. The market value of FDUSD has exceeded $3.3 billion, and First DigitalTrust plans to expand FDUSD to Sui to promote DeFi user adoption

Greed and Fear Index: 76 (moderate greed)

Nine Gods Index (Ahr999): 1.55 (high selling range)