🚨Another 100M minted at USDC Treasury -source

🚨Trump: He will be out of there if I ask him. I dont think Powell is doing the job.

China city-level road congestion: -21% YoY for Apr-to-date. All top 15 cities down YoY. Less china road congestion = less cars and trucks on the road = less gasoline & diesel consumption = recession indicator = more quantitative easing/liq injection

At $84K, Bitcoin's quantile model pegs BTC's risk score at just 48.7%, which is below median. Even if this cycle only hits the 95th percentile, buyers here are looking at 3x return.

eXch, the CEX that processed $94M from the Bybit hack linked to Lazarus Group, has announced that it's shutting down May 1. Exch has not cooperated with law enforcement or Bybit. In its final statement, eXch confirmed an active law enforcement investigation as a reason for the shutdown and recommended Monero, Dash, and Litecoin for privacy. -announcement

Deutsche Bank: Chinese investors are showing increased interest in European high-quality bonds, Japanese government bonds, and gold as alternatives to US Treasuries as result of tariffs

Russia's Finance Ministry is considering issuing a Tether-like stablecoin in the wake of $30 million USDT freeze. The Russian crypto should be pegged to a fiat currency other than the US dollar.

Circle launches Refund Protocol for non-custodial dispute resolution in stablecoin payments. The procol lets users send payments through a smart contract that temporarily holds the funds. If there is a problem, the buyer can ask for a refund, and an arbiter, an unbiased third party, helps to settle the dispute. -announcement

🚨Turnover on Shanghai and Shenzhen Stock Exchanges at 914.7b Yuan, lowest since last year's "9/24" rally when PBoC announced several stimulus measures designed to boost the economy and the stock market

Kyrgyzstan's president signs CBDC law giving "digital som" legal tender status. The National Bank now has exclusive rights to issue the digital currency, though the final launch decision isn't expected until the end of 2026.

Over 15,000 Bitcoin have been withdrawn from exchanges in the past week

Whales holding >10K BTC maintain a strong accumulation trend (~0.7). Smaller cohorts from <1 BTC to 100 BTC are easing off their distribution, with the 10–100 BTC group now hovering around 0.5, hinting at a potential pivot toward accumulation. This suggests at a possible shift in sentiment from mid-sized holders. -Glassnode

USD/CNY finishes domestic session at 7.3039, up 59 pips from previous close

Gold may due for a breather. [Bitcoin's time to shine?]

Chinese-backed online retailers Shein and Temu have notified US consumers that they would raise prices starting April 25 "due to recent changes in global trade rules and tariffs". With the exception of a few words, the notices are nearly identical down to their structure and punctuation.

🚨
CHINA'S MoF: Q1 NATIONAL GENERAL PUBLIC BUDGET EXPENDITURE UP 4.2% Y/Y
CHINA JAN-MARCH FISCAL REVENUES -1.1% YR/YR
CHINA JAN-MARCH REVENUE FROM GOVT LAND SALES -15.9% Y/Y

Decomposition of systemic influences on BTC [everything is up except of investor risk appetite]

LVMH stock down almost 40% in a year and luxury index benchmarks down double-digits.

The U.S. Treasury is expected to issue over $31 trillion in Treasury bonds in 2025, accounting for approximately 109% of GDP and 144% of M2, the highest level in history. This could impact risk asset markets, including cryptocurrencies. If the government ultimately adopts debt monetization measures, it may strengthen market demand for "hard assets" like Bitcoin as an inflation hedge. -Binance Research