Important information from last night and this morning (April 26-April 27)

10x Research: Institutional FOMO, DeFi craze and favorable regulations drive altcoins to surge

10x Research said in its latest report that the cryptocurrency market surged across the board this week, with Bitcoin breaking through the $95,000 mark, driven by factors such as easing macro risks, record inflows of ETF funds and a weaker dollar. Altcoins followed closely behind, with a surge in institutional interest, ecological expansion, DeFi outbreak and warming regulatory winds becoming the main drivers. Specifically, Solana (SOL) rose 6.7%, supported by institutional buying, DeFi growth, short squeeze and Meme coin activities; Ripple (XRP) rose slightly, CME launched XRP futures and increased bank integration, despite legal risks, market enthusiasm remained unabated. Stellar (XLM) rose 18.1% due to cooperation with South Asian retail giants, a surge in trading volume and the relaxation of new US crypto bank regulations; Polkadot rose 10.1% against the trend. Although the SEC postponed ETF approval, the market is optimistic about the final approval and the opening of the crypto market. SUI surged 64.3%, driven by the explosion of DEX trading volume, the expansion of the stablecoin ecosystem and well-known cooperation; Raydium Protocol (RAY) rose 27.9%, benefiting from the Meme coin incentive plan on the Solana chain and the recovery of DeFi; Aave (AAVE) rose 21.5% due to the rebound of Bitcoin, the buyback plan, the growth of GHO stablecoins and the increase in locked value. Trump tokens soared 86% due to the announcement of plans for a dinner with Trump, and still attracted investors despite political controversy. After the Algo Foundation launched the decentralized ID project, the price of ALGO rose 18.4%. BONK rose 55.7%, regaining Solana's top Meme coin status, benefiting from token destruction and NFT market acquisitions. Ondo rose 16.7% due to positive dialogue with the SEC on tokenization and treasury tokenization to boost confidence.

BONK launches Meme coin issuance platform Letsbonk.Fun

According to official news, BONK announced the launch of the Meme coin issuance platform Letsbonk.Fun, which was jointly developed by BONK community members and Raydium. Part of the handling fees of the Letsbonk.Fun platform will be used to: strengthen and ensure the security of the Solana network through the BONKsol verification node; repurchase and destroy BONK tokens to reduce circulation.

A smart trader exchanged 1.18 million Fartcoins for 78,671 TRUMPs 18 hours ago

According to Lookonchain monitoring, a smart trader exchanged all his 1.18 million Fartcoin (worth $1.22 million) positions for 78,671 TRUMP tokens 18 hours ago. The trader had previously completed five swing trades on Fartcoin, each of which was profitable, achieving a 100% winning rate and a cumulative profit of $669,000.

Michael Saylor: MSTR Financial Operations Has Generated $5.1 Billion in BTC Profits So Far This Year

Michael Saylor posted on the X platform that so far this year, Strategy (MSTR) financial operations have generated $5.1 billion worth of BTC revenue.

Analyst: Pay attention to the US non-farm and surplus data next Friday. The market currently has little expectation of future volatility for Bitcoin

Adam, a macro researcher at Greeks.live, said on the X platform that the most important thing next week (4/28-5/2) is the non-farm and surplus data on Friday. Three months after Trump took office, the US economy and trade have been hit hard, and the US stock market has been relatively weak. However, there is no obvious trend in economic data. Every time there is a big macro data, it is worth paying attention to whether there will be a black swan. Implied volatility is continuing to decline recently, especially BTC's short-term decline is obvious, approaching 45%, and the market does not expect much volatility in the future. Although the price of BTC fluctuates at $95,000, the market sentiment on the cryptocurrency side is not high, and it can only be said to have improved.

Two pieces of Arizona bitcoin reserve legislation to receive third reading on Monday, with a possible final vote

According to Bitcoin Laws, Arizona’s two bitcoin reserve bills will now go to third reading and possibly final vote next Monday, which could become the first state-level bitcoin reserve bills to pass a vote.

Market News: IMF says El Salvador has stopped using public funds to invest in Bitcoin

According to posts and screenshots posted by crypto KOL Crypto Rover, the International Monetary Fund (IMF) said that El Salvador has stopped using public funds to invest in Bitcoin.

Loopscale, a lending protocol, was attacked, and about 5.7 million USDC and 1,200 SOL were stolen

Loopscale, a lending protocol on the Solana chain, disclosed on the X platform that at 11:30 am EST today (23:30 Beijing time on April 26), the pricing function of Loopscale's RateX PT token was manipulated, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL from the Loopscale USDC and SOL vaults. Currently, all Loopscale markets have been temporarily suspended to allow the team to further investigate. The funds involved in this security vulnerability incident account for approximately 12% of Loopscale's total funds and only affect depositors who deposited funds into Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are not affected. We are working hard to restore the repayment function as soon as possible to avoid unforeseen liquidations. The team is working closely with law enforcement officials, security experts, and investors to recover the funds. Once more information and a complete technical analysis report are obtained, it will be released immediately. This is a vulnerability originating from the RateX PT token market on Loopscale. RateX itself is not affected.

Analysis: Bitcoin has only risen 43.4% since its fourth halving, far lower than the market performance after the previous three halvings

According to Decrypt, since the fourth halving of Bitcoin in April 2024, the price of BTC has only risen by 43.4%, far lower than the 7,000%, 291% and 541% increases recorded after the first three halvings, setting a record for the worst performance of Bitcoin after the halving. Analysis points out that factors such as macroeconomic uncertainty, the Trump administration's trade policy, ETF fund outflows, and changes in market structure have jointly weakened the upward effect brought about by the halving. In addition, as the Bitcoin market matures, price volatility has decreased. Its 60-day volatility has dropped from 200% in 2012 to about 50% currently, indicating that it may present a more stable but limited trend in the future.

Analyst: Bitcoin faces strong resistance in the $94,125-$99,150 range

Crypto analyst @ali_charts published data on the X platform, pointing out that Bitcoin faces strong resistance in the range of $94,125 to $99,150, and about 2.61 million wallets have hoarded 1.76 million Bitcoins in this price range.

The value of the Trump family's crypto project WLFI portfolio has fallen by more than 50%, and the current loss has reached about $2.1 million

According to Cointelegraph, World Liberty Financial (WLFI), a crypto project backed by the Trump family, is still facing shrinking portfolios and limited liquidity after completing two rounds of token sales totaling $550 million. WLFI was launched in September 2024 and raised funds mainly through the sale of non-transferable WLFI tokens. Despite holding assets such as Wrapped Bitcoin (WBTC), Ethereum (ETH) and Avalanche (AVAX), some investments, such as Movement (MOVE) and Mantle (MNT), suffered substantial losses. As of April 24, investments in MNT, MOVE, ONDO and ETH all suffered double-digit losses, MOVE suffered a heavy blow, and WLFI's total investment value fell by more than 50%, with investment losses of approximately $2.1 million. In addition, WLFI's close ties with the Trump administration have raised widespread questions about conflicts of interest and market manipulation, and issues of project transparency and compliance have also received continued attention.

Analysis: BTC could rise to $285,000 by 2030 if Citigroup predicts a surge in stablecoin supply

According to Coingape, Citibank predicts in its latest report that the total supply of stablecoins will grow to $1.6 trillion by 2030 in the baseline scenario and $3.7 trillion in the optimistic scenario. Analysts believe that if Citigroup's forecast is realized and the regulatory momentum under Trump's policy continues, Bitcoin is expected to enter the price discovery stage. Based on the historical ratio of stablecoin growth to BTC price appreciation, a 6.7-fold increase in stablecoins may translate into a 3- to 5-fold increase in Bitcoin, and Bitcoin prices may reach $285,000 in 2030. The more optimistic upper limit may be close to $475,000 per coin. Even under conservative assumptions (i.e., only 25% of stablecoin growth is turned to Bitcoin), Bitcoin may still grow by 200% to 250% from its current level, and the price is predicted to rise to between $190,000 and $237,500 by 2030.

Next week's macro outlook: Super data week is coming, non-agricultural and PCE will follow

This week can be seen as a positive week as concerns surrounding the independence of the Federal Reserve and ongoing trade frictions at the beginning of the week have dissipated. On Friday, U.S. stocks were largely flat as market participants continued to wait for more information on the tariff war. Looking ahead to next week, although the Federal Reserve has entered a "quiet period" and the domestic market is about to enter the May Day holiday, there are still many important schedules, including but not limited to non-farm data, U.S. first quarter GDP data, PCE inflation data, and the Bank of Japan's interest rate decision... The following are the key points that the market will focus on in the new week: Monday 22:30, U.S. Dallas Fed Business Activity Index for April Tuesday 22:00, U.S. JOLTs Job Vacancies in March, Conference Board Consumer Confidence Index in April Wednesday 09:30, China's official manufacturing PMI in April Wednesday 09:45, China's Caixin Manufacturing PMI in April Wednesday 17:00, Eurozone first quarter GDP annual rate preliminary value Wednesday 20:15, US April ADP employment Wednesday 20:30, US first quarter labor cost index quarterly rate, first quarter real GDP annualized quarterly rate preliminary value, first quarter real personal consumption expenditure quarterly rate preliminary value, first quarter core PCE price index annualized quarterly rate preliminary value Wednesday 22:00, US March PCE price data, March personal expenditure monthly rate, March existing home sales index monthly rate Thursday 19:30, US April Challenger layoffs Thursday 21:45, US April S&P global manufacturing PMI final value Friday 20:30, US April seasonally adjusted non-agricultural employment population, April unemployment rate, the ADP employment report known as the "small non-agricultural" will also be released next Wednesday, along with the latest PCE inflation and consumption data. However, the real focus will be the non-agricultural employment report scheduled for next Friday, and speculation about when the Fed will cut interest rates is very intense. Nonfarm payrolls growth is expected to slow from 228,000 in March to 130,000 in April, with the unemployment rate unchanged at 4.2%. Average wages may rise 0.3% month-over-month in April. For the dollar, the series of worrying data is almost certainly negative, but for U.S. stocks, if hopes of rate cuts improve and market sentiment is not overshadowed by recession concerns, stocks may rise.

Mantle multi-signature wallet deposits 15.5 million MNT to Bybit, worth approximately $16.32 million

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