A CryptoQuant analyst has projected that Bitcoin might establish a bear-market 'iron bottom' within the $55,000–$60,000 range by the end of 2026. According to NS3.AI, this prediction is grounded in on-chain indicators, notably the MVRV Z-score, which has moderated but remains above negative levels.

Market optimism surrounding CoreWeave cloud infrastructure company CoreWeave surged, fueled by deals with several major tech companies, leading to a rise in the company's junk bonds. As of 9:05 a.m. New York time (9:05 p.m. Beijing time), the 9.75% coupon bond with a face value of 100 cents rose to 101.88 cents. The bond issuance was expanded from the initially planned $1.25 billion during the syndicated sale. Data shows that another convertible bond issuance on the same day, expanded to $3.5 billion, has not yet begun trading. This latest financing comes hours after CoreWeave announced a new agreement with Meta Platforms to supply AI computing products. On Friday, Anthropic agreed to lease data center capacity from CoreWeave to address the growing demand for its AI services. CoreWeave shares rose more than 6% intraday. (Jinshi)

According to Arkham, about an hour ago, Grayscale transferred 1,327 ETH and approximately 406.187 BTC to Coinbase Prime, with a total value exceeding $3.8 million.

CoreWeave's junk bonds experienced a rise in value due to increased market optimism following transactions with several major technology companies. According to Jin10, as of 9:05 AM New York time (21:05 UTC+8), the bonds, which have a coupon rate of 9.75% and a face value of 100 cents, increased to 101.88 cents. During the syndication process, the bond's size was expanded from the initially planned $1.25 billion. Data shows that another convertible bond issued on the same day, which was also increased to $3.5 billion, has yet to begin trading. This financing round is the latest for CoreWeave and occurred just hours after the company announced a new agreement with Meta Platforms to supply AI computing products. On Friday, Anthropic agreed to lease CoreWeave's data center capacity to meet the growing demand for its AI services. CoreWeave's stock rose more than 6% during intraday trading.

The Hong Kong Monetary Authority (HKMA) stated that it will maintain communication and exchange with institutions that were not granted licenses in the first batch of applications, or with other institutions that apply in the future, and will review these applications in accordance with relevant laws and uniform regulatory standards and requirements. Regarding the issuance of additional licenses in the future and the timing thereof, the HKMA maintains an open but cautious attitude and has no clear inclination at this stage.

Key TakeawaysFederal Reserve expected to hold rates in April (98.4% probability).Only 1.6% chance of a rate hike next meeting.June outlook: 96.8% probability of no change.Markets pricing “higher-for-longer” policy stance despite inflation data.Markets Fully Price in April Rate PauseAccording to the CME FedWatch Tool, markets overwhelmingly expect the Federal Reserve to leave interest rates unchanged in April, with probabilities holding steady at 98.4% even after the latest CPI release.The likelihood of a 25 basis point hike stands at just 1.6%, indicating minimal expectation of further tightening in the near term.June Outlook Also Signals Policy StabilityExpectations for June remain similarly stable:96.8% probability of no rate change1.5% probability of a 25 bps rate cut1.7% probability of a rate hikeThis suggests markets see limited policy movement over the next two meetings, despite ongoing inflation concerns.CPI Data Fails to Shift Rate ExpectationsEven with March CPI showing a sharp increase driven by energy prices, rate expectations remain largely unchanged.This reflects market belief that:Inflation spike is energy-driven and potentially temporaryCore inflation remains relatively containedThe Fed is unlikely to react immediately to short-term volatilityHigher-for-Longer Narrative StrengthensThe data reinforces a “higher-for-longer” interest rate environment:No imminent rate cuts priced inLimited probability of further hikesPolicy expected to remain restrictive but stableMarket ImplicationsFor financial markets:Dollar and yields remain supportedRisk assets (crypto, equities) face macro headwindsLiquidity conditions stay relatively tightThe Fed is now firmly in a wait-and-see mode, with policy decisions likely to depend on:Future inflation trends (especially core CPI)Energy price stabilityBroader economic growth dataUnless inflation broadens beyond energy, markets expect the Fed to hold rates steady through at least mid-2026.

CryptoQuant analysts point out that the next Bitcoin bear market has not yet fully bottomed out, predicting an "iron bottom" around December 2026, with a price range of $55,000 to $60,000. This cycle may require a "final clearing" before the bottom is fully formed. The analysis is based on multiple on-chain indicators, including the MVRV Z-score: while the indicator has cooled down, it has not yet entered negative (undervalued) territory; historically, every bear market "iron bottom" has been accompanied by this indicator falling below the zero line, meaning the market has not yet entered an extremely pessimistic phase. Based on historical patterns, the market may bottom out at the end of 2026 and then enter a two-year accumulation period. Combined with the Bitcoin halving in 2028, the peak of the next bull market may appear in the second half of 2029.

On April 10, the Iranian Armed Forces announced that they remain on high alert, ready to engage if necessary. According to BlockBeats, a spokesperson from the Khatam al-Anbiya Central Headquarters stated that this stance is due to repeated breaches of trust by the United States and Israel. The statement underscores ongoing tensions in the region, highlighting Iran's preparedness to respond to perceived threats.

The U.S. factory orders for February showed no change, according to recent data. According to Jin10, the orders remained flat at 0%, surpassing the anticipated decline of 0.2%. The previous month's figure was revised from an initial 0.10% to 0%.

U.S. factory orders excluding transportation increased by 1.2% in February, surpassing expectations of a 0.4% rise. According to Jin10, the previous value was revised from 0.40% to 0.5%.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

RWA, On-chain Liquidity is Not Liquidity: RWA is One Final Leap Away. Golden Finance reports that on-chain liquidity is becoming a high-premium product.

No matter how advanced the large model becomes, the first principle in building an Agent will always be: let AI handle intelligence, and let code handle deterministic operations.

Why are there so many obstacles to the on-chain deployment of artificial intelligence, AI agents, and AI intelligent agents? Golden Finance: Blockchain is built for machines, but not designed for intelligent agents.

Regarding application scenarios and development directions, Yu Weiwen stated that issuers are encouraged to explore and expand applications related to the real economy, including cross-border payments, local payments, tokenized asset trading, and innovative applications.

AI is giving rise to a new type of startup: they don't need a large initial team, heavy fixed costs, or necessarily rely on multiple rounds of financing.

For Hong Kong, this round of stablecoin license issuance is not only an extension of the existing virtual asset framework, but also a key strategic move in the payment and settlement field.

Hong Kong has issued its first stablecoin issuer licences under its new regulatory regime, approving HSBC’s Hong Kong banking arm and a Standard Chartered-linked consortium led by Anchorpoint Financial.

Elon Musk’s AI firm xAI has filed a lawsuit against the state of Colorado, arguing that new regulations targeting algorithmic discrimination could restrict free speech and force its chatbot Grok to conform to state-defined standards on fairness and equity.