Grayscale's Zcash Trust experienced a significant increase in daily trading volume, averaging approximately $1.7 million in April. According to NS3.AI, this figure represents more than double the volume recorded in the previous month. Additionally, nearly 30% of the circulating Zcash (ZEC) is now held in shielded balances, marking the highest ratio ever recorded.

The world's largest gold ETF, SPDR Gold Trust, reported a reduction in its holdings by 1.714 tons, bringing the current total to 1,039.195 tons. According to Jin10, this adjustment reflects ongoing changes in investor sentiment and market dynamics.

Key TakeawaysBitcoin's Coinbase Premium turned negative this week for the first time since early April, signaling weaker US institutional buying interest after driving the rally from $66,000 to $78,000On-chain realized losses spiked to $5.97 billion on April 24 as Bitcoin traded near $78,000, indicating investors who bought at $80,000–$95,000 used the April rebound to exit rather than add exposureRealized losses have since declined from the April 24 peak to $4.7 billion by April 28, suggesting the underwater seller cohort may be thinningBitcoin is currently trading around $75,949, having slipped below $76,000The Coinbase Premium ran consistently positive from April 8 through April 22 -- the same window that drove Bitcoin's 18% recovery -- before rolling overThe US institutional bid that powered Bitcoin's April recovery is showing signs of exhaustion, with two closely watched on-chain metrics simultaneously flashing warning signs as Bitcoin slips back below $76,000.Bitcoin's Coinbase Premium -- the price differential between Coinbase, which primarily serves US customers, and offshore exchanges -- turned negative this week for the first time since early April, according to CryptoQuant data. The metric had run consistently positive from April 8 through April 22, precisely the window during which Bitcoin climbed from $66,000 to a local high near $78,000. The premium peaked around April 22 and has deteriorated since.What the Coinbase Premium RevealsCoinbase is widely used by analysts as a proxy for US institutional and dollar-denominated demand flows. A persistently negative reading means American investors are consistently paying less for Bitcoin than the rest of the world -- a signal that they are either selling more aggressively or simply not showing up as buyers at current levels. The flip from positive to negative marks a meaningful shift in the demand dynamic that underpinned April's rally.$6 Billion in Realized Losses Exposes Underwater SupplyOn-chain data tells the same story from the seller's perspective. Bitcoin's 7-day Realized Loss sum -- which tracks the total dollar value of coins moved at a loss across the network -- spiked to $5.97 billion on April 24 as Bitcoin traded near $78,000. Realized losses are only recognized when holders sell coins below their original purchase price, meaning a near-$6 billion print at $78,000 identifies a large cohort of sellers who bought at significantly higher levels.CryptoQuant analyst Axel Adler Jr. said in a report that this cohort likely entered the market between $80,000 and $95,000 during late 2025 and early 2026, using the April bounce as an opportunity to exit underwater positions rather than a signal to add exposure. The simultaneous slowdown in Coinbase Premium and spike in realized losses points to US institutional buyers stepping back just as a significant overhang of underwater supply was being offloaded into the rally.Seller Cohort May Be ThinningThe picture is not entirely bearish. Realized losses have already declined from the April 24 peak of $5.97 billion to $4.7 billion by April 28 -- a 21% drop that suggests the seller cohort is thinning as the most motivated underwater holders have already exited. Analysts are watching whether this metric continues to decline as a signal that the supply overhang from late 2025 and early 2026 buyers is being absorbed, which would reduce the selling pressure capping Bitcoin's attempts to reclaim $79,000 and above.Bitcoin is currently trading around $75,949. Whether the Coinbase Premium returns to positive territory -- and whether realized losses continue their post-peak decline -- will be two of the most closely watched indicators for determining if the April recovery has a second leg or has run its course.

Twenty One Capital shares experienced a significant increase of over 8% in after-hours trading on Wednesday following a proposal from Tether Investments. According to NS3.AI, the proposal involves merging Twenty One Capital with Strike and Elektron Energy. However, the press release did not disclose any specific terms or timeline for the merger.

Anthropic is reportedly planning a new funding round that could push its valuation beyond $900 billion, potentially surpassing OpenAI as the world's most valuable AI startup. According to Jin10, insiders have revealed that Anthropic's management is currently reviewing numerous investment proposals from investors, which could more than double the company's current valuation. These considerations are still in the very early stages, and the company has not yet accepted any investment offers. Previously, Anthropic had declined new investment proposals from investors that valued the company at over $800 billion.

乐动机器人 has announced its intention to list on the Hong Kong Stock Exchange, planning to issue over 33 million H shares with a maximum price of HKD 30 per share. According to Jin10, the company expects trading to commence on May 11.

Polymarket has launched three active creator campaigns on its Content Rewards platform, allocating a combined budget exceeding $70,000. According to NS3.AI, these campaigns incentivize users to share clips across various social media platforms. Daniel Bitton, a representative of Polymarket, stated that the platform currently disburses approximately $40,000 daily to a network of 480,000 creators. This approach utilizes creator accounts instead of traditional paid advertisements, which are often restricted by major ad platforms for prediction markets and cryptocurrency exchanges.

重點摘要 鮑爾確認這是他擔任主席的最後一次記者會，向凱文·沃什表示恭賀，並祝願聯準會保持韌性 聯準會維持利率不變，但出現四票異議——自1992年10月以來最多——在鮑爾卸任之際暴露出嚴重的內部分歧 鮑爾預計3月PCE通膨率將達3.5%，能源價格上漲推動短期通膨走高，並形容當前經濟前景「極度不確定」 鮑爾確認，他將在5月15日後以「低調」方式繼續留任聯準會理事，稱政府的行動讓他「別無選擇」 鮑爾明確表示：「我永遠不會成為影子主席」——並補充說，下次會議或將考慮調整現行的寬鬆政策立場 傑羅姆·鮑爾於4月30日以一場記者會為其聯準會主席任期畫下句點。這場記者會同時是一場溫情的告別、一次捍衛制度的宣示，也是三十多年來最分裂央行的一扇窗口。 「這是我擔任主席的最後一次記者會。恭喜沃什，」鮑爾說道，對繼任者作出簡短而意味深長的致意後，隨即轉入實質議題——此次會議產生了現代聯準會歷史上最大的分裂票決之一。 四票異議——自1992年以來最多 聯準會如市場廣泛預期般維持利率不變，但此次投票暴露出顯著的內部裂痕。12名投票成員中，四人投下異議票——自1992年10月以來最大的異議陣營。分歧方向並不一致：理事米蘭（Milan）反對維持利率不變，支持降息25個基點；克里夫蘭聯準銀行總裁貝絲·哈馬克（Beth Hamack）、明尼阿波利斯聯準銀行總裁尼爾·卡什卡里（Neel Kashkari），以及達拉斯聯準銀行總裁羅里·洛根（Lorie Logan）則投票支持維持利率，但反對在政策聲明中保留帶有鴿派色彩的用語——具體而言，是反對保留提及未來利率調整時所使用的「進一步」（further）一詞。投資銀行普遍預期該詞將被刪除，以釋放降低寬鬆偏向的信號。 儘管三名鷹派異議者與一名鴿派異議者同時反對，「進一步」一詞最終仍被保留於聲明中，凸顯出鮑爾在最後一次主持會議時凝聚共識的艱難處境。 通膨上升，前景不明 鮑爾給出了一份令人警醒的經濟評估。他預計3月PCE通膨率約為3.5%，失業率則變化不大。他表示，通膨預期近期已升高，因伊朗衝突及霍爾木茲海峽局勢緊張推動能源價格上漲，令短期通膨走高。「高通膨部分反映了能源價格的上漲，」鮑爾說，並表示現行政策立場在當前情況下仍屬適當。 鮑爾指出，消費者支出依然具有韌性，但勞動需求已有所減弱。他形容經濟前景「極度不確定」，並表示中東局勢已實質性地加劇了這種不確定性，聯準會雙重使命的兩端均面臨風險。 下次會議或預示政策轉向 在一項值得關注的前瞻性指引信號中，鮑爾表示，認為升息概率與降息概率大致相當的官員人數已有所增加——這一向中性立場的轉變，可能在下次會議上正式轉化為政策立場的改變。「或許下次會議將考慮調整現行的寬鬆政策立場，」鮑爾說，市場將把此言解讀為：現行政策聲明中所嵌入的鴿派偏向，或將不延續至下任主席任期。 鮑爾談留任：「別無選擇」 記者會中最私人、政治意味最濃的部分，圍繞著鮑爾在5月15日卸任主席後選擇繼續留任聯準會理事的決定展開。鮑爾對司法部宣布不重啟對其調查（除非總督察提出刑事移送）表示歡迎，但明確表示這不足以促使他離開。 「我堅持我的立場，在司法部調查完全結束之前，我不會離職，」鮑爾說。「我將在5月15日後繼續留任聯準會理事，以低調的方式服務，任期長短待定。」 鮑爾直接表達了他對川普政府的異議。「聯準會不介入政治，這一點極為重要。我早已計劃退休，但近期政府的行動讓我別無選擇，只能留下，」他說，並補充道：「我不認同政府的做法。」 當被問及他繼續留任是否出於政治動機時，鮑爾予以否認：「我不認為如此。」他將自己的決定定位為一種制度責任，而非政治行為。 「我永遠不會成為影子主席」 鮑爾主動回應了外界對一位前主席以現任理事身份留任可能形成平行權力中心的擔憂。「我永遠不會成為影子主席，」他明確表示，並補充說他尊重聯準會主席的角色，並打算嚴格以理事身份行事，而非扮演另一個貨幣政策聲音。 溫情的卸任致意、創紀錄的異議票數、鷹派的通膨展望，以及捍衛留任的宣示——種種因素交織，使鮑爾的最後一場記者會成為聯準會現代史上最具分量、也最不尋常的一次。

Meta Platforms' Chief Financial Officer announced that the company plans to reduce its workforce in May. According to Jin10, the CFO expressed confidence that this move will enable the company to act more swiftly and offset significant infrastructure investments.

Microsoft has announced its capital expenditure forecast for 2026, estimating it to be approximately $190 billion. According to Jin10, this projection reflects the company's strategic investment plans aimed at enhancing its infrastructure and expanding its technological capabilities. The anticipated expenditure underscores Microsoft's commitment to maintaining its competitive edge in the rapidly evolving tech industry.

​Telegram担保市场已逐步形成集担保撮合、资金结算、商户管理与流量分发于一体的地下服务体系，并呈现出明显的平台化、网络化发展特征。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的AI、DeFi、DAO、NFT和元宇宙行业新闻。

AI 加速时代，以太坊要回答的真正问题，已经远不是如何更快、更便宜。

香港证监会于2026年4月20日公布有关代币化证监会认可投资产品（以下简称代币化产品）在二级市场买卖的通函，为这类产品提供了一种新的交易渠道选择。

美联储是否仍愿意保留“下一步更可能降息”的政策暗示，还是开始承认风险已经转向双向。

这一时间窗口，也将是阿联酋调整节奏、全面增产的关键窗口。

在加密货币圈外的人尚未察觉时，金融基础设施的重建进程已经越过了临界点。

原以为这个疯狂的 AI 疯狂更新应该已经告一段落了，没想到上周才发完 V4 的 DeepSeek ，突然端出一个更大的惊喜。

A software founder’s account of a catastrophic failure is reigniting concerns about the risks of deploying AI in live environments, after an autonomous coding agent reportedly deleted an entire production database and its backups in just seconds.

KelpDAO,人工智能,AI 无法拯救人类的愚蠢：从 KelpDAO 2.92 亿美元事件 看区块链安全的真正盲区 金色财经,AI 审计解决不了的问题，需要人来解决。