A recent market breakout has been supported by significant participation and late-session buying, raising questions about its sustainability. According to CoinDesk, while the surge in activity has been notable, the underlying on-chain activity remains weak, casting doubt on the long-term durability of this trend. The market's recent performance has been characterized by a surge in participation, with investors showing increased interest during the late trading sessions. This heightened activity has contributed to a breakout, suggesting a potential shift in market dynamics. However, the lack of robust on-chain activity raises concerns about whether this momentum can be maintained over time. Despite the apparent enthusiasm among market participants, the weak on-chain metrics suggest that the current breakout may not be as stable as it appears. The discrepancy between market participation and on-chain activity highlights the need for caution among investors, as the sustainability of this trend remains uncertain. As the market continues to evolve, the balance between participation and on-chain activity will be crucial in determining the long-term trajectory of this breakout.

On April 16, according to Jin10, Macquarie Bank strategists Thierry Wizman and Gareth Berry highlighted in a report that central banks with the most hawkish stances in response to rising oil prices might revert to pre-war policies if a peace agreement is reached and oil prices remain low. They noted that the Bank of England, and possibly the European Central Bank, have the greatest potential to return to their pre-war positions, as they became notably hawkish since the onset of the U.S.-Iran conflict. Consequently, expectations for these policy rates may become less 'hawkish.'

Analyst Michaël van de Poppe has identified that Bitcoin has entered a historically undervalued zone. According to NS3.AI, this observation comes after the gold-to-Bitcoin value ratio dropped below two sigma. Van de Poppe noted that a shift from gold to Bitcoin is already underway, referencing similar periods in 2015, 2018, 2020, and 2022, which were followed by significant Bitcoin uptrends.

South Korean government ministries are set to trial a blockchain-based digital currency for managing business promotion expenses, replacing traditional credit cards. According to NS3.AI, the Ministry of Economy and Finance is spearheading this initiative as part of its ongoing efforts to integrate blockchain technology into national treasury fund management. This marks the ministry's second attempt at utilizing blockchain, following last month's pilot program that distributed government subsidies as deposit tokens to businesses installing electric vehicle charging stations.

Ripple has announced a new partnership with a Korean insurance company, marking its first such deal in the region. According to CoinDesk, this collaboration aims to facilitate near real-time settlement of Korean treasuries. However, the official statement did not specify any live volume or timeline for the implementation of this service. This strategic move by Ripple highlights its ongoing efforts to expand its presence in the Asian market. The partnership is expected to enhance the efficiency of treasury operations for the Korean insurer, potentially setting a precedent for similar collaborations in the future. While the specifics of the deal remain undisclosed, the focus on real-time settlement aligns with Ripple's broader mission to streamline financial transactions globally. As the company continues to forge new alliances, the financial industry will be watching closely to see how these developments unfold.

도널드 트럼프 미국 대통령과 제롬 파월 연방준비제도(Fed) 의장은 곧 한 가지 문제를 놓고 대립하게 될 전망이다. 바로 트럼프 대통령이 지명한 차기 의장 후보인 케빈 워시(Kevin Warsh)의 인준을 제때 받지 못할 경우, 현직인 파월 의장이 계속 재직할 권한이 있는지 여부다. 워시는 다음 주 화요일 상원 은행위원회 청문회에 출석할 예정이지만, 파월 의장의 임기가 끝나는 5월 15일 이전에 의회의 승인을 받기 어려울 것으로 보인다. 트럼프 대통령은 수요일, 파월 의장이 “제때” 물러나지 않으면 그를 해임하겠다고 밝혔으며, 워시가 조속히 인준을 받지 못할 경우 트럼프 대통령과 파월 의장 간의 정면 충돌 가능성이 높아질 전망이다. 이번 논란은 트럼프 대통령이 파월 의장이 자신의 금리 인하 요구에 굴복하지 않는다며, 대출 비용을 낮추기를 거부했다는 이유로 그를 “바보”이자 “고집 센 당나귀”라고 여러 차례 비난한 가운데 발생했다. 분석가들은 트럼프 대통령의 최근 공격 이후 파월 의장의 재임 가능성이 높아짐에 따라, 트럼프 대통령의 전략이 워시 의장의 중앙은행 개혁 노력을 약화시킬 수 있다고 지적했다. (영국 파이낸셜 타임스)

Tech shares propelled the Nasdaq to 24,016.02 and the S&P 500 to 7,022.95 on Wednesday. According to NS3.AI, Bitcoin reached $75,229, marking a 1.07% increase over 24 hours and nearly a 10% rise over the past two weeks. The market gains coincided with U.S. President Donald Trump's announcement that the US-Iran war was nearing its end, although he noted that the final outcome hinges on a deal between the two nations.

Citi has released a research report indicating that Lens Technology's (06613.HK) first-quarter performance fell short of expectations. According to Jin10, the company's management attributed the weak results to reduced procurement by clients due to rising memory prices and foreign exchange losses. Management anticipates that the impact of foreign exchange will diminish in the coming quarters, with revenue contributions from iOS foldable models starting in May and a potential recovery in Android demand in the second half of 2026. In response to the first-quarter results, Citi has lowered its 2026 net profit forecast for Lens Technology by 13% to 4.36 billion yuan, while maintaining its earnings estimates for 2027 and 2028. The target price for Lens Technology's H-shares has been reduced from HKD 27 to HKD 25, with a "buy" rating, and the target price for A-shares has been adjusted from 32 yuan to 30 yuan, with a "neutral" rating. Despite the disappointing performance in the first half of 2026, Citi believes that Lens Technology could benefit from restocking sentiment for iOS products from late Q2 to late Q3. The bank expresses a preference for H-shares due to better risk-reward potential.

Cosmos SDK's GitHub repository indicates a shift in the licensing of its Enterprise module from the Apache-2.0 open-source license to a 'Source Available Evaluation License.' According to Foresight News, this new license permits only non-commercial evaluation, testing, and educational use, requiring separate commercial licenses for business applications. Greg Osuri, founder of the application chain Akash Network, expressed concerns over this change, stating that Akash can no longer use the module for production or commercial purposes, nor can it offer services based on this component to third parties. Previously, Akash planned to migrate to a shared security layer while maintaining some Cosmos integration for interoperability. However, the new licensing terms make it nearly impossible for Akash to remain within the Cosmos ecosystem, which Osuri describes as a 'hostile' adjustment.

Bitcoin's price increased to approximately $74,935 during the Asian trading session, marking a 0.7% rise over the past 24 hours and a 5.4% increase over the week. According to ChainCatcher, the recent surge is primarily driven by spot trading rather than a broad resurgence in risk appetite. QCP Capital notes that the perpetual contract funding rates for Bitcoin remain negative, and open interest is declining, indicating that short sellers are increasing hedging rather than closing positions passively. The options market also reflects caution, with short-term implied volatility remaining low and the one-month term below the three-month term. The risk reversal indicator shows a higher demand for downside protection compared to upside bets, suggesting traders are more inclined to pay for potential declines rather than chase gains. QCP describes this movement as a "rebound" rather than a trend reversal. On the macroeconomic front, long-term U.S. Treasury yields and gold prices have not confirmed a return to risk appetite, with gold remaining near high levels, indicating ongoing demand for safe-haven assets. Analysts suggest that the current market behavior is more driven by expectations of a ceasefire, leading to an "emotional recovery," rather than the resolution of core risks. Ethereum has shown relative strength, with the ETH/BTC ratio rising to about 0.0315. Additionally, on-chain transaction volume and stablecoin supply have reached historical highs, indicating a potential rotation of funds into high beta assets. However, the market is advised to monitor upcoming risk events to determine the sustainability of this upward trend.

Arthur Hayes, Arthur Hayes: 제국, 해협, 그리고 화폐 발행기 – 비트코인의 세 가지 운명 시나리오, 골든파이낸스, 호르무즈 해협의 세 가지 시나리오가 비트코인 가격에 미치는 영향

덴마크의 암호화폐 보급률은 여전히 유럽에서 가장 낮은 수준에 머물러 있으며, 디지털 자산을 보유한 시민은 전체의 4%에 불과해, 보급률이 10%를 넘는 경우가 많은 인근 국가들에 비해 훨씬 뒤처져 있다.

컴퓨팅 파워 기반 토큰은 AI 시대의 가치 체계를 재편하고 있지만, 그 투명성과 가치는 여전히 불투명하다. AI 업계는 여전히 결과에 진정한 가치를 매길 수 있는 기준점을 찾고 있다.

구글은 macOS용 네이티브 제미니 앱을 출시하여, 맥 사용자들이 키보드 단축키를 통해 데스크톱에서 바로 AI 비서를 이용할 수 있게 했습니다. 이 앱을 통해 사용자는 화면에 표시된 내용을 분석하고, 파일을 관리하며, 앱을 전환하지 않고도 제미니를 사용할 수 있어, 일상적인 업무 흐름의 일부로 자리 잡을 수 있도록 설계되었습니다.

어떤 기업이든, 과거에 어떤 모습이었던지 상관없이 AI 기업으로 재정의될 수 있다. 이야기만 충분히 매력적이라면 자본은 기꺼이 투자할 것이다.

양자 컴퓨팅 분야의 이론적 돌파구가 예상보다 빠른 속도로 이루어지고 있다는 점은 분명한 사실입니다. 하지만 ‘이론적 돌파구의 가속화’가 곧 ‘공격 도구의 완성’을 의미하는 것은 아닙니다. 양자 컴퓨팅은 여전히 물리, 공학, 비용이라는 세 가지 측면에서 근본적인 과제에 직면해 있습니다.

한 소식통에 따르면, WLFI의 실제 운영자는 유명한 중국계 인물인 ‘다게’라고 한다.

워시가 연준 의장직에 무사히 취임한다면, 그의 정책은 “엄격한 통화 규율, 디지털 금융에 대한 개방적 태도, 명확한 규제 체계”라는 조합을 보여줄 것이며, 이를 통해 암호화폐가 “주류에서 벗어난 투기 상품”에서 “규제를 준수하는 주류 자산군”으로 전환되도록 이끌 것이다.

경제를 진정으로 구할 수 있는 유일한 길은 민간 부문이 주도하고 기술 혁신이 견인하는 폭발적인 경제 성장이다.

주의력 경제 시대에 서사 그 자체가 하나의 자산이다. 하지만 그 가치는 누군가가 믿을 때만 존재한다.