Beijing releases three-year blockchain action plan: Anchoring 10 hardcore breakthroughs, aiming for a national-level blockchain hub.
Recently, the Beijing Municipal Science and Technology Commission, Zhongguancun Administrative Committee, and other departments jointly issued (Beijing Blockchain Innovation Application Development Action Plan (2025-2027)), with the core strategy of 'building on self-controlled technology and deep integration of scenarios' and clearly proposing three major breakthrough goals to establish a national blockchain hub node by 2027: 1. Technical breakthroughs: Overcome 'bottleneck' issues and seize the high ground in core racing tracks. Focus on underlying hard technology: Targeting key technologies such as blockchain-specific chips, privacy computing, and cross-chain interoperability, plan to conquer over 10 self-controlled technological achievements such as PB-level trusted storage and anti-quantum encryption algorithms, filling the domestic technology gap;
May Liquidity Feast: During the interest rate cut window, small-cap cryptocurrencies open the 'new narrative wealth creation wave'.
In May, the global liquidity tide is flooding in, and expectations of interest rate cuts and policy shifts are reshaping the underlying logic of the crypto market. Instead of saying altcoins 'have fallen into the golden pit', it's better to acknowledge that the global risk asset pricing system is being re-anchored by monetary easing. Three signals have emerged; the wealth train is about to start: 1️⃣ Interest rate cuts ignite the first round of market. The Federal Reserve's policy shift is just the starting point; Q3 tax cuts + Q4 balance sheet reduction rhythm switch will create a 'policy vacuum period dividend'. The combination of liquidity premium and risk appetite recovery will lead the market into a golden window for 'buying the dip'.
Poll shows Musk's support remains low, Trump's federal downsizing measures spark controversy
A latest poll released last Friday shows that only 35% of respondents approve of Musk's management performance of the 'Department of Government Efficiency' (DOGE), while as many as 57% hold a negative view, an increase from the 49% negative ratings in February. The proportion of people supporting Musk has remained stable at around 34% over the past two months. In contrast, former President Trump's approval rating in polls is at 39%, with an opposition rate of 55%, but still higher than Musk's. It is noteworthy that after Tesla's poor performance in the Q1 2025 financial report, Musk announced a shift in focus towards the company's operations. However, polls simultaneously show that nearly 60% of respondents believe the policy of 'reducing the federal government size through layoffs' promoted by Trump is too aggressive, and the controversy continues to simmer.
SEC Commissioner Targets Cryptocurrency Dual Custody: Revealing Three Major Investor Risks
Caroline Crenshaw, a commissioner of the U.S. Securities and Exchange Commission (SEC), questions the application of current securities laws in the field of digital asset protection, particularly regarding the highly scrutinized dual custody system in the cryptocurrency industry. She points out that the custodial framework in federal securities law is based on 'trust,' and if a dual custody system is tailored for cryptocurrencies, it may hide risks, specifically identifying three major potential hazards: 1. Can regulatory standards be aligned? Will designing regulatory rules specifically for cryptocurrency custody truly achieve the same level of protection as traditional securities custody? Crenshaw questions whether, in the absence of unified standards, cryptocurrency investors may face the risk of 'downgraded' protection.
Ethereum's Predicament: Institutional Withdrawal, Inflation Counterattack, Can Vitalik's Radical Reforms Break the Deadlock?
Previously, Ethereum stands at a significant turning point in its fate, with a life-and-death battle for a breakthrough imminent. Recently, the utilization rate of the Ethereum underlying network has plummeted, and core indicators continue to hit new lows, prompting co-founder Vitalik Buterin to throw out a radical architectural reform proposal, ushering in a wave of change. The movements of institutional investors have become the focus of the market. On-chain data acts as a precise 'monitor', capturing the reduction of holdings by long-term supporters such as Galaxy Digital and Paradigm. In recent weeks, these institutions have been significantly selling off Ethereum (ETH), quietly initiating a withdrawal action.
Former U.S. President Trump recently announced that investors holding his meme coin $TRUMP could be invited to a Washington dinner, and threw out gimmicks like 'the first 25 can enjoy a day trip to the White House,' which directly boosted the token's market value by over $200 million. However, market controversies erupted: Democratic lawmakers criticized him for deeply tying cryptocurrency to political influence, while several Web3 analysts pointed out three major 'money-losing pitfalls' hidden within the project. Pitfall One: The Dinner Becomes a 'Schrödinger's Dinner' Despite high-profile promises in the promotion of 'dining with Trump,' the official guidelines clearly state that 'the President may be absent due to scheduling conflicts,' and the event content can be adjusted at any time. If Trump cancels, the project team only offers a limited NFT airdrop as compensation. Web3 marketing experts pointed out that this type of operation is similar to the 'celebrity endorsement, fans foot the bill' tactics during the 2021 NFT bubble—third-party brokerage companies use celebrity names to attract traffic, but the actual fulfillment rate is concerning. Ironically, some users found that the criteria for receiving dinner tickets were not based on holdings, but rather 'targeted invitations' from the project team, reducing ordinary investors to mere traffic tools.
U.S. Senators Focus on "Token Dinner" Accusations Against Trump Involving Ethical Boundaries
On local time this Friday, U.S. Democratic senators Adam Schiff and Elizabeth Warren jointly sent a letter to the U.S. Office of Government Ethics, requesting a thorough investigation into whether Trump gained personal benefits by providing private dinner seats to investors of his namesake cryptocurrency "TRUMP." The incident stems from the exposure of the "TRUMP Dinner" plan, after which the market value of this Meme coin surged by over $100 million within 24 hours. Two senators publicly questioned whether this action might constitute the use of political influence for family profit, potentially amounting to "power monetization." However, analysts pointed out that the current political landscape in the U.S. is characterized by a "full control" pattern of the Republican Party — with the White House, both chambers of Congress held by the party, and the head of the ethics office directly appointed by the president. The investigation demands from Democratic senators are likely to fall into a "political cold treatment." As of now, neither the White House nor the ethics office has made any public response to this matter.
USDT trading horror traps! New type of 'payment withdrawal' scam targets newcomers, 3 tips to protect your digital assets.
Emergency alert: USDT peer-to-peer trading hides the 'funds evaporation technique'. Recently, a high-risk scam targeting newcomers to digital currency is spreading in the crypto circle. Scammers exploit loopholes in P2P trading rules, using a 'fake deposit + real withdrawal' series of tricks to trap victims in a situation where they lose both their coins and funds. ▍ Scam breakdown: Complete 'legal robbery' in 3 steps. Disguised buyers: Using 'urgent purchase of USDT' and 'high price for coins' as bait, actively contact novice sellers. Fake deposit: Create a false impression of funds being credited through bank transfers (such as fabricating text messages, PS screenshots) to induce sellers to release coins.
Setting Aside Emotional Bias: The Underlying Logic of Trump's Tariff Increase and the Myths in Public Opinion
Some domestic interpretations of the two U.S. presidents are falling into the traps of labeling and emotionalism—portraying Biden as a 'senile puppet' and denigrating Trump as a 'crazy gambler,' while ignoring their fundamentally different policy logic and deeper considerations. Biden: The 'dark line operator' of traditional power games As a traditional politician, Biden has continued the essence of America's 'offshore balancing' strategy. By promoting the escalation of the Russia-Ukraine conflict, the U.S. has weakened Russia through a 'proxy war' model, while cutting off Europe's energy lifeline, forcing Europe to turn to high-priced U.S. energy. NATO has 'regained new life' in the crisis, with countries like Finland accelerating their 'NATO-ization.' The U.S. not only harvests Europe's economic benefits but also strengthens its geopolitical control over Europe. How can this 'killing with a borrowed knife' intricate calculation be labeled as 'senile dementia'?
Policy Efforts to Stabilize the Economy: Strengthening Fiscal and Monetary Coordination, Multi-Measure Support for Real Development
On April 25, a high-level meeting assessed the current economic situation and deployed work, emphasizing the need to accelerate the precise implementation of macro policies and fully unleash the combined effects of proactive fiscal and accommodative monetary policies. The meeting clearly required accelerating the issuance and deployment of funding tools such as special bonds for local governments and ultra-long-term national bonds, solidifying the 'bottom line' for people's livelihood guarantees, grassroots operations, and wage payments. At the same time, based on the economic operation situation, flexible reduction of reserve requirements and interest rates should be conducted to maintain reasonable liquidity in the market, providing strong financial support for the real economy. In terms of policy innovation, special structural monetary policy tools will be introduced, and new policy-based financial support programs will be established, focusing on targeted efforts in areas such as breakthroughs in technological innovation, activation of consumption potential, and enhancement of foreign trade resilience. Moreover, the meeting emphasized the need to strengthen policy coordination, integrating the rhythm and goals of fiscal, monetary, and industrial policies to form a multidimensional and high-efficiency economic support system.
With easing trade tensions, financial markets show multifaceted fluctuations
At 11:07 on April 24, 2025, BlockBeats reported that on April 24, according to monitoring by the 4E platform, expectations of easing trade tensions have boosted market sentiment. U.S. stocks opened higher on Wednesday, but toward the end of the morning session, U.S. Treasury Secretary commented that it may take two to three years for the two major economies to reach a comprehensive trade agreement, and that Trump would not unilaterally lower tariffs, which suppressed the upward trend of U.S. stocks, with gains retracting by more than half. By the close, the three major U.S. stock indices all rose to varying degrees, with the S&P 500 index up 1.67%, the Dow Jones Industrial Average up 1.07%, and the NASDAQ Composite up 2.5%. Notably, technology stocks performed well, with both Tesla and Intel seeing gains of over 5%.
If Trump wants to lower interest rates, he may need a 'major overhaul' of the Federal Reserve Board
On April 23, 2025, BlockBeats reported that U.S. President Trump recently made public criticisms of Federal Reserve Chairman Powell, sparking speculation about the possibility of firing the central bank leader. However, even if Trump were to take this legally controversial action, he might find it difficult to push monetary policy in the direction he desires. Multiple economists believe that even if Trump were to dismiss Powell, he might not achieve his goal of lowering interest rates. Paul Ashworth, Chief North America Economist at Capital Economics, pointed out in a report that firing Powell might only be the beginning of the deterioration of the Federal Reserve's independence. If Trump is determined to lower interest rates, he may also need to dismiss the other six members of the Federal Reserve Board. However, this action is likely to provoke more severe market turbulence, leading to a depreciation of the dollar and a rise in long-term U.S. Treasury bond yields.
Musk's Humorous Anti-Scam Message: A Beautiful Woman Talking About Crypto is Definitely a Scam
Tech tycoon Musk once again intervenes in public education in a unique way, posting a humorous image combined with elements of ancient Greek mythology on the social media platform X, with the caption "When a beautiful woman initiates a chat about cryptocurrency, please block her immediately — Poseidon, the god of the sea." This warning conveyed through Poseidon is actually a reminder for users to be cautious of crypto phishing scams implemented under the guise of romance. Such scams often build trust by fabricating beautiful identities, luring victims into participating in fake crypto investments. Musk chooses to convey serious safety warnings using symbols from internet pop culture, which aligns with his usual high-profile communication style and cleverly utilizes internet dissemination patterns to amplify the warning effect. The accompanying image features Poseidon, the god of the sea, holding a trident, symbolizing that online scams are as dangerous as deep sea currents and require heightened vigilance.
Cryptocurrency Giants Spend Millions to Help Trump Set New Inaugural Fundraising Record
Documents recently disclosed by the Federal Election Commission show that former President Trump raised a record $239 million in inaugural funding through corporate supporters and executives, with significant contributions from the cryptocurrency sector, totaling $18 million from industry companies and their executives. A stark contrast emerges between traditional industries and new forces: global poultry giant Pilgrim's occupies the top donation spot with $5 million, while blockchain company Ripple Labs, despite being embroiled in legal disputes with the SEC, still contributed $4.9 million, securing second place. Retail trading platform Robinhood, leveraging its cryptocurrency trading business revenue, contributed $2 million in support. Other leading entities in the industry, such as the three major exchanges Coinbase, Kraken, and Crypto.com, stablecoin issuer Circle (which recently initiated its listing process), and venture capital firm Paradigm, which achieved a record high in assets under management in 2024, each donated $1 million.
CoinDesk Analyst: Bitcoin May Hit $90,000 to $92,000 High
On April 21, 2025, at 16:03, BlockBeats reported that CoinDesk senior analyst Omkar Godbole released an in-depth analysis, pointing out a crucial turning point in the recent Bitcoin market trend — on Monday morning, market sentiment shifted from range-bound oscillation to significantly bullish, with target price levels aiming directly at the $90,000-$92,000 range. This price range had previously been an important support level for Bitcoin, playing a key role in market fluctuations. On that day, Bitcoin's price successfully broke through the $87,000 mark, completely escaping the consolidation pattern of the past week in the $83,000-$86,000 range. Bullish momentum re-dominated the market, marking the full restart of the rebound from the April 7 low of below $75,000. The market widely anticipates that Bitcoin's price will continue its upward trend, targeting the historical support area of $90,000-$92,000. This area had successfully prevented price declines several times from last December to early February, becoming a 'safety cushion' for the market. However, the breakthrough drop at the end of February broke this support, causing Bitcoin's price to quickly fall below $75,000.
Pompliano Warns: Trump's Firing of Powell Could Lead to Serious Consequences
Prominent entrepreneur in the cryptocurrency space, Anthony Pompliano, recently spoke out, expressing strong concern over President Trump's threat to fire Federal Reserve Chairman Jerome Powell. He pointed out that such actions are likely to set an extremely unfavorable precedent and pose a potential threat to the stability of the U.S. and even global financial markets. In a video released on April 18 through the X platform, Pompliano clearly stated, 'I firmly believe that the President of the United States should not unilaterally make the decision to fire the Federal Reserve chairman.' He further explained that if the firing action is taken merely due to differences between the parties, it would undoubtedly lead the country into a very dangerous situation.
Ethereum's MVRV Diverges from Bitcoin's Trend: The PoS Transition Becomes a Key Turning Point
On-chain analysts point out that Ethereum's dominant position in the cryptocurrency market is showing a trend reversal. Since December 2022, the proportion of capital flow for Ethereum on mainstream trading platforms has remained below 35%, significantly shrinking from over 50% in September 2021, indicating a significant decrease in its attractiveness as a trading medium. This time frame coincides with the completion of Ethereum's beacon chain merger and a full transition to the Proof of Stake (PoS) mechanism, creating a strong resonance between technological changes and market performance. More noteworthy is that since that month, the MVRV indicator (Market Value/Realized Value Ratio) for Bitcoin and Ethereum has shown historic divergence. The alternating leadership between the two over the past seven years has been broken, with Bitcoin's MVRV ratio continuously suppressing that of Ethereum, indicating that the unrealized gains of Ethereum holders have long been below those of Bitcoin. On-chain data also synchronously shows that although both major assets face a shrinkage in capital inflow, Bitcoin still maintains a monthly average net inflow of $5.4 billion, while Ethereum has shifted to a net outflow status since mid-February this year, with a net outflow of $6.2 billion in the past 30 days.
Glassnode Warns: Bitcoin High-Price Positions Turning to 'Long Holds' May Signal a Bear Market
Glassnode's latest analysis report indicates that the unrealized losses of Bitcoin, calculated through standardized drawdown metrics, show that short-term speculators have suffered significant paper losses during this round of adjustments, comparable to the levels seen at the beginning of historical bear markets. Although long-term holders overall remain profitable, a concerning phenomenon is emerging—previously high-priced positions are gradually transitioning into long-term holdings over time. This shift in holding structure conceals risks: when a large number of Bitcoins with cost prices higher than the current price are classified as 'long-term holdings,' the market's ability to absorb losses will significantly weaken. Historical data shows that such a change in holding nature often becomes an important hallmark event in establishing a bear market. Although there are currently no clear trending bearish signals in the market, Glassnode warns investors to remain vigilant about the long-term pressure brought by this structural shift.
The Public Struggle Between the White House and the Federal Reserve: The Power Game Behind the Controversy Over Interest Rate Cuts
U.S. President Trump has pressured Federal Reserve Chairman Powell through public channels for two consecutive days, demanding immediate interest rate cuts. This president, who focuses on economic issues, reiterated at a White House press conference: "The Federal Reserve must act quickly to unleash economic vitality through interest rate cuts." This marks the second time in forty-eight hours that Trump has made a strongly worded statement on monetary policy. According to sources close to the Federal Reserve, Powell's team has remained silent amid the president's intense pressure, but internal meetings have clearly reaffirmed the central bank's position: monetary policy decisions will be strictly based on economic data, rather than political demands. This insistence on independence stands in stark contrast to the White House's desire for "policy coordination."
The Federal Reserve's Excessive Rate Cuts Hide Dangers: Blanchard Warns U.S. Stagflation Probability Reaches 65%
International economic expert Blanchard published a significant viewpoint on April 18, warning that the U.S. economy is facing a 65% risk of stagflation. This scholar, who has held key positions at the Federal Reserve and the Bank of England, pointed out that regardless of whether a technical recession occurs, persistent inflationary pressures will remain. He particularly criticized the Federal Reserve for excessively cutting interest rates while inflation remains high, stating that if prices rise again in the future, the central bank may be forced to implement aggressive rate hikes, which will exacerbate economic volatility. Blanchard emphasized that once a stagflation pattern forms, it may take years to repair the economic damage.