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Gate Research Institute recently released a report titled "The Evolution of Liquidity and Trading Strategies for Crypto Leveraged ETFs," which points out that crypto ETFs are gradually becoming key tools for market liquidity. During the phase of rising risk appetite, funds migrate from spot ETFs to leveraged ETFs to amplify returns, but the "daily reset" mechanism also exposes them to significant loss risks in high-volatility environments. Overall, leveraged ETFs are more suitable for short-term tactical allocations in one-sided trending markets rather than long-term holding tools.The report further indicates that there are significant differences in product structure and usage logic between crypto market leveraged ETFs and traditional financial markets, with investors more inclined to seek short-term volatility gains or hedge through high leverage (such as 5x products).Strategies built on trading data from the Gate platform show that focusing on "right-side entry," combined with volume-driven momentum breakout signals, and employing a phased position building, momentum scaling, and strict stop-loss mechanisms, can help achieve a dynamic balance of risk and return while controlling volatility losses.

Bank of AI and the Peking University Blockchain Association PKUBlockchain have officially released their first research report titled "Web4.0: When AI Agents Become Economic Entities------Infrastructure, Track Patterns, and Investment Outlook." The report systematically outlines the three-layer infrastructure gaps of the x402 payment protocol, ERC-8004 identity standard, and MCP tool invocation protocol, and focuses on how Bank of AI can package five core components into a one-stop Agent financial operating system, becoming a typical case of a closed-loop from protocol to product. The research report points out that the daily average transaction volume on the TRON chain exceeds $22 billion, with a circulation of $86 billion USDT, providing a scalable foundation for high-frequency micro-settlement for Agents. Both parties will continue to promote the coordinated development of Web4.0 infrastructure and the agent economy.

According to Decrypt, SEC Chairman Paul Atkins launched the first episode of the official podcast "Material Matters," collaborating with commissioners Hester Peirce and Mark Uyeda to publicly express a pro-innovation regulatory stance.Atkins stated that the U.S. should become the global destination for innovation and characterized the current situation as "a significant turning point for the U.S. market." Uyeda criticized the Gensler era SEC for deviating from its core responsibilities, while Peirce emphasized that regulation should be open to innovators.

Despite Bitcoin rising to $76,300 at one point this week, market sentiment remains low, with the Fear and Greed Index still in the "extreme fear" range at 21, indicating a clear divergence between price and sentiment. Institutional views suggest that this round of increases is more akin to "valuation repair" rather than a trend reversal. QCP Capital referred to it as a "relief rally," as macro-level inflation, energy, and policy pressures have not fully dissipated.Glassnode pointed out that Bitcoin is still about 5% lower than the key resistance level of the "real market average" at approximately $78,100, and the current rebound has limited depth. The funding structure is also showing divergence. Spot demand and ETF fund flows have warmed up, but profit-taking has increased, and institutional participation remains cautious, with the derivatives market continuing to lean towards downward hedging. Exchange data also shows that demand is more from offshore and retail funds rather than dominated by U.S. institutions. Analysts state that around $75,000 has become a key support/validation level. If subsequent buying cannot sustain, the price may retreat to the range of $70,000 to $71,000.On the macro front, U.S. stocks continue to hit new highs, and oil prices remain high but have not surged further, which has warmed market risk appetite but still carries uncertainty. The market's focus is shifting towards the Federal Reserve's policy path, and the overall environment still poses constraints on crypto assets. In summary, while Bitcoin maintains its rebound, it oscillates near resistance levels, and the market tone remains cautious, with no consistent bullish trend formed yet.

According to monitoring by Hyperinsight, Huang Licheng has slightly increased his holdings in ETH, BTC, and HYPE over the past half hour, and then simultaneously placed sell orders to take partial profits. Among them, the sell order for ETH is the largest, with plans to take profits when the price rises to $2365, with the profit-taking range reaching up to $2425, totaling approximately $4.25 million in sell orders.Currently, this address mainly holds a 25x leveraged long position in ETH, with a position size of $32.8 million, an average price of $2253, and a liquidation price of $2148, making it the largest long position in ETH on the Hyperliquid platform.

According to Jin Shi's report, UBS's research indicates that the Federal Reserve is still on a path of further easing. Federal Reserve Chairman Powell recently downplayed the necessity of tightening monetary policy due to rising energy prices, emphasizing that policymakers typically "ignore" supply shocks such as soaring oil prices.UBS expects that the Federal Reserve will cut interest rates by 50 basis points later this year and believes that U.S. Treasury yields have ample room to decline, with year-end targets of 3.25% for the 2-year Treasury yield and 3.75% for the 10-year Treasury yield.

Bitget launches AIA Simple Earn, with a maximum of 25% APR. Users can go to the corresponding section to subscribe, and the event ends on May 16 at 18:00 (UTC+8). For more product details, please check the official Bitget platform.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 22, up 0 points from yesterday. The average over the past 7 days is 18, and the average over the past 30 days is 13.

The Strategic Bitcoin Reserve Act in Tennessee, USA, will hold a hearing in the Senate Finance Committee on April 20, further advancing the legislative process.

According to data from TheMinerMag, in the first quarter of 2026, publicly listed Bitcoin mining companies including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer collectively sold over 32,000 BTC, surpassing the total amount sold throughout last year and even exceeding the sell-off levels triggered by the Terra-Luna collapse in Q2 2022, setting a "new record for a single quarter."The backdrop of this sell-off is the key metric for measuring miner profitability, "hashprice," which has fallen to a historical low of below $35 per PH/s per day, with about 20% of miners already in the red. Asset management firm CoinShares stated in its report: "Unless the BTC price rebounds significantly, high-cost miners will further capitulate in the first half of 2026."

Charles Hoskinson, the founder of Cardano, stated that Bitcoin's quantum defense proposal BIP-361 has been mischaracterized as a soft fork, and is actually closer to a hard fork, and it cannot protect approximately 1.7 million early BTC generated before 2013, including about 1 million bitcoins attributed to Satoshi Nakamoto.He mentioned that the zero-knowledge proof recovery scheme in the proposal relies on BIP-39 mnemonic phrases, while early wallets used different key generation methods that cannot provide the required proof, thus the relevant assets may be permanently frozen under the current scheme. Reports also indicated that BIP-361 co-author Jameson Lopp described it as a rough concept for an emergency plan, rather than a final specification.

Texas man Robert Dunlap was sentenced to 23 years in federal prison for his involvement in a cryptocurrency scam exceeding $20 million and was ordered to pay restitution to nearly 1,000 victims.Prosecutors stated that Dunlap operated a cryptocurrency project and sold Meta - 1 Coin, falsely claiming that the token was backed by $44 billion in gold and approximately $1 billion in artwork, including works by Pablo Picasso, Vincent van Gogh, and Salvador Dalí, and that the assets had been audited. A jury had found him guilty of mail fraud last year.

According to the U.S. Department of Justice, Robert Dunlap, a man from Texas, was sentenced to 23 years in prison by Federal Judge LaShonda A. Hunt for orchestrating a cryptocurrency scam that defrauded nearly 1,000 investors of over $20 million.Between 2018 and 2023, Dunlap claimed to operate a cryptocurrency business and sold a fraudulent digital asset called "Meta-1 Coin" through the "Meta-1 Coin Trust." He spread multiple false statements to potential and actual investors, claiming that the token was backed by artwork valued at up to $1 billion and $44 billion in gold, and falsely stated that an accounting firm had audited the gold and certified its value. The so-called art collection allegedly included works by renowned artists such as Picasso, Dali, and Van Gogh. To cover up the fact that he did not actually hold the aforementioned gold or artwork, Dunlap forged a batch of legal documents.

According to Jinshi reports, Federal Reserve Governor Milan stated a preference for three interest rate cuts this year, but it could also be four.

According to Jinshi reports, Federal Reserve Governor Milan stated that it is likely that there will only be three interest rate cuts for the remainder of this year.

According to the Financial Times, an analysis of campaign finance records shows that the cryptocurrency and AI industries have raised approximately $250 million over the past year to support congressional candidates in the upcoming U.S. midterm elections in November.A16z co-founders Marc Andreessen and Ben Horowitz donated a total of $25 million in February to the pro-AI Super PAC "Leading The Future." The organization has raised about $75 million from billionaires, including the two mentioned above and OpenAI co-founder Greg Brockman; when including "dark money" non-profits that do not disclose their donors, that figure rises to $140 million. The largest Super PAC in the crypto industry, Fairshake, has raised over $134 million on its own.In January, Cantor Fitzgerald, a Wall Street firm previously led by current U.S. Secretary of Commerce Howard Lutnick and now managed by his son Brandon, which has a partnership with Tether, donated $10 million to the pro-crypto Super PAC Fellowship; the parent company of the major crypto platform, Anchor Labs, also added a $1 million donation to Fellowship PAC. Elon Musk donated $1.6 million to his America PAC in March, significantly reducing his involvement compared to 2024, when he invested over $250 million across various PACs.Anthropic has pledged $20 million to the non-profit Public First Action, which has redirected some of the funds to a Super PAC to influence the 2026 elections. The company holds a relatively unique position in the industry, explicitly calling for the establishment of strict federal AI safety regulations, which diverges from the majority of participants in the AI industry.

The "2026 Digital Asset Institutional Investor Survey" released by financial giant Nomura Securities shows that nearly 80% of institutional investors plan to allocate 2% - 5% of their total managed assets to the cryptocurrency sector. 65% of the surveyed institutions view cryptocurrencies as a diversification tool on par with stocks, bonds, and commodities.The survey covered institutional investors and family offices managing over $60 billion in assets. In terms of investment direction, more than two-thirds of respondents hope to earn returns through DeFi mechanisms such as staking, 65% are focused on lending and tokenized assets, and 63% are exploring derivatives and stablecoins. Additionally, 63% of respondents believe that stablecoins have practical uses for managing cash, cross-border payments, and investing in tokenized assets, with stablecoins issued by major financial institutions being the most trusted.Nomura Securities stated that regulatory clarity, increased awareness, and improved risk control frameworks are key to expanding investments. Although challenges such as the lack of clear methods for asset valuation and regulatory uncertainties still exist, the development of diversified investment products and improvements in risk management practices are accelerating institutional adoption.