1. BlackRock IBIT ranks second among all 10,698 registered funds in the United States in terms of year-to-date inflows
Bloomberg ETF analyst Eric Balchunas wrote that among all 10,698 registered funds in the United States (including ETFs, mutual funds, and closed-end funds), BlackRock IBIT currently ranks second in terms of fund inflows from the beginning of the year to date. According to Farside Investors data, since the launch of the Bitcoin spot ETF, BlackRock IBIT has accumulated a net inflow of US$15.4786 billion.
2. Institution: The European Central Bank will cut interest rates in June, and the Federal Reserve may completely abandon interest rate cuts within the year
Vanguard said in a report that it expects the European Central Bank to start cutting interest rates in June, which is different from expectations for the Federal Reserve, which is expected to remain on hold for the rest of the year. Although the ECB's policy usually lags behind that of the Federal Reserve, "this time is different." The agency said: "Domestic conditions in the euro area are different enough to justify the divergence of monetary policy." Refinitiv data shows that money markets expect the Federal Reserve to cut interest rates by 35 basis points and the European Central Bank to cut interest rates by 62 basis points in 2024.
3.Vitalik: PoW is also quite centralized. PoW is just a temporary stage before moving to PoS.
Ethereum co-founder Vitalik Buterin said on social platforms that PoW is also quite centralized. It's just not discussed too much because everyone knows that this is just a temporary phase before switching to PoS. This doesn't even touch on how ASICs may be avoided in the first place, just because the upcoming PoS transition means there is no incentive to build them.
4.Arthur Hayes: U.S. Treasury Secretary Yellen may launch a massive liquidity injection plan to accelerate the return of the crypto bull market
On April 26, BitMEX co-founder Arthur Hayes posted on social media that as the U.S. Treasury Department expects tax revenue to increase the general fiscal account (TGA) by about $200 billion, U.S. Treasury Secretary Janet Yellen is expected to inject a lot of liquidity into the market when she announces the Treasury bond issuance plan for the second quarter of 2024 next week. Hayes proposed three possible options: first, stop issuing Treasury bonds and reduce TGA to zero, which will inject $1 trillion of liquidity into the market; second, transfer more borrowing to short-term Treasury bills, thereby withdrawing $400 billion from the overnight reverse repurchase facility (RRP) to inject liquidity into the market; third, combine the first two approaches, do not issue long-term bonds, only issue short-term Treasury bills, and consume TGA and RRP at the same time, which will inject $1.4 trillion of liquidity into the market.
5. Terraform Labs will ban US users from accessing and withdraw $23.8 million of LUNA liquidity from three platforms
Terraform Labs (TFL) has announced changes to its operations following a court ruling by the U.S. SEC against the company. TFL said it expects to receive a conduct injunction soon that would prohibit it from conducting certain activities in the United States. The company added that it will prepare for the injunction by blocking U.S. users from accessing some products and features starting the week of April 28. TFL called the development “disheartening” and said it is “opposed to geo-blocking in principle,” but had no choice but to adapt. Some projects will not be affected by this policy change, including Alliance, an open-source Cosmos SDK module, as well as the Terra blockchain itself. As a result of the injunction, TFL will also begin withdrawing $23.8 million worth of LUNA liquidity from three platforms (Astroport, Ura, and White Whale) on April 26, and will store the withdrawn LUNA in a multi-signature account through bankruptcy proceedings. (Crypto Slate) Earlier, after a jury ruled that Terraform Labs and Do Kwon were responsible for civil fraud charges in a lawsuit filed with the U.S. SEC, the SEC filed a motion requiring them to pay $5.3 billion in illegal gains and civil penalties.
6. Hong Kong Stock Exchange will start trading Harvest Fund's Bitcoin and Ethereum spot ETFs on April 30
Market news: The Hong Kong Stock Exchange will start trading Harvest's Bitcoin and Ethereum spot ETFs on April 30.
7. Ethereum 185th ACDE Meeting: Discussing L1 and L2 Governance Process
The 186th meeting of the Ethereum Core Developers Executive Conference (ACDE) was held, and developer timbeiko.eth compiled the meeting minutes, which covered devnet-0 updates, potential changes to EIP-3074, how non-client stakeholders should participate in the process, EOF, SSZ, and L1 and L2 governance processes.
8. Base Protocol Director: The amount of USDC on the Base network is second only to Ethereum
On April 26, Jesse Pollak, head of the Base protocol, wrote on Wrapcast that according to data from the usdc.cool website, the amount of USDC on the Base network is currently second only to Ethereum, reaching US$2.46 billion in assets, which is about one-tenth of the amount of USDC on the Ethereum network.
