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AI development drives demand for tools, ASM’s performance outlook exceeds expectations
AUD/USD drops 0.5% on the day, quoted at 0.714
Key Takeaways from the Confirmation Hearing of Wash's Nomination as Federal Reserve Chair
Federal Reserve Chairman nominee Kevin Warsh questioned over potential conflicts of interest and independence
According to Odaily, Federal Reserve Chair nominee Kevin Warsh faced questions in the Senate Banking Committee confirmation hearing about his financial disclosure exceeding 100 million US dollars, potential conflicts of interest, and the independence of the Federal Reserve. Senator Elizabeth Warren questioned whether he might give special accounts to the Trump family’s crypto company or offer bailouts to Wall Street. Kevin Warsh stated that his holdings include cryptocurrencies and AI companies, and pledged that, if his nomination is approved, he would divest these assets before taking office. Regarding cryptocurrencies, Kevin Warsh said digital assets are a part of the US financial services industry. He also denied that Trump had ever asked him to commit to any specific rate decision. Currently, Jerome Powell's term will end on May 15, and Polymarket users predict there is a 78% probability Warsh's nomination will be approved before June.
According to Odaily, Federal Reserve Chair nominee Kevin Warsh faced questions in the Senate Banking Committee confirmation hearing about his financial disclosure exceeding 100 million US dollars, potential conflicts of interest, and the independence of the Federal Reserve. Senator Elizabeth Warren questioned whether he might give special accounts to the Trump family’s crypto company or offer bailouts to Wall Street. Kevin Warsh stated that his holdings include cryptocurrencies and AI companies, and pledged that, if his nomination is approved, he would divest these assets before taking office. Regarding cryptocurrencies, Kevin Warsh said digital assets are a part of the US financial services industry. He also denied that Trump had ever asked him to commit to any specific rate decision. Currently, Jerome Powell's term will end on May 15, and Polymarket users predict there is a 78% probability Warsh's nomination will be approved before June.
German two-year government bond yields rise by about 7 basis points as investors focus on rising oil prices
Current funding rates on major CEX and DEX platforms indicate that the market remains overall bearish
BlockBeats News, April 22, according to Coinglass data, as Bitcoin slightly rises and remains volatile, current mainstream CEX and DEX funding rates indicate the market is still broadly bearish, with specific funding rates shown in the attached image.
BlockBeats note: The funding rate is a fee set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset price, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders; trading platforms do not charge this fee but use it to adjust the cost or profit of holding contracts, ensuring contract prices remain close to the underlying asset price.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate exceeds 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.
BlockBeats News, April 22, according to Coinglass data, as Bitcoin slightly rises and remains volatile, current mainstream CEX and DEX funding rates indicate the market is still broadly bearish, with specific funding rates shown in the attached image.
BlockBeats note: The funding rate is a fee set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset price, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders; trading platforms do not charge this fee but use it to adjust the cost or profit of holding contracts, ensuring contract prices remain close to the underlying asset price.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate exceeds 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.
In the past 24 hours, the entire network has seen $260 million in liquidations, with the majority coming from the largest short positions.
BlockBeats News, April 22nd, according to Coinglass data, the total value of liquidations in the past 24 hours was $260 million, with long liquidations amounting to $89.06 million and short liquidations amounting to $171 million.
BlockBeats News, April 22nd, according to Coinglass data, the total value of liquidations in the past 24 hours was $260 million, with long liquidations amounting to $89.06 million and short liquidations amounting to $171 million.
Spot silver falls by 4% intraday
Grayscale Research Director: If Bitcoin Rises in the Next Few Days, It Could Be Seen as the Start of Bull Market Phase 1
BlockBeats News, April 22: Grayscale's Director of Research, Zach Pandl, released a report stating that the Bitcoin price hit a low of around $63,000 on February 5 and has since rebounded by over 20%, currently around $76,000—slightly above recent buyers' average cost basis.
Due to the full transparency of the Bitcoin blockchain, the cost basis of every transaction can be traced. Analysts often focus on a metric called "Realized Price," which is the weighted average price at the time of the last on-chain movement for all circulating coins. The realized price of Bitcoin transacted in the last 1 to 3 months is around $74,000, indicating that recent buyers have broken even. If the Bitcoin price continues to rise in the coming days, more recent buyers will shift to a profit position (positive PnL), which is typically seen as one of the signals of the beginning of the first phase of a bull market.
Key Takeaway: Although the Bitcoin price is still notably below last year's October peak, many recent buyers have returned to a breakeven point, indicating that Bitcoin may have formed a relatively solid market bottom in the $65,000 to $70,000 range.
BlockBeats News, April 22: Grayscale's Director of Research, Zach Pandl, released a report stating that the Bitcoin price hit a low of around $63,000 on February 5 and has since rebounded by over 20%, currently around $76,000—slightly above recent buyers' average cost basis.
Due to the full transparency of the Bitcoin blockchain, the cost basis of every transaction can be traced. Analysts often focus on a metric called "Realized Price," which is the weighted average price at the time of the last on-chain movement for all circulating coins. The realized price of Bitcoin transacted in the last 1 to 3 months is around $74,000, indicating that recent buyers have broken even. If the Bitcoin price continues to rise in the coming days, more recent buyers will shift to a profit position (positive PnL), which is typically seen as one of the signals of the beginning of the first phase of a bull market.
Key Takeaway: Although the Bitcoin price is still notably below last year's October peak, many recent buyers have returned to a breakeven point, indicating that Bitcoin may have formed a relatively solid market bottom in the $65,000 to $70,000 range.
Walsh: Digital assets are already part of the US financial services system
BlockBeats reported that on April 22, U.S. Senator Cynthia Lummis asked Federal Reserve Chair nominee Waller during a hearing, "Do you believe that digital assets should be incorporated into our financial system so that Americans have new investment opportunities and consumer protection?"
Waller responded: "Senator, digital assets are already a part of the structure of the U.S. financial services system. Yes."
BlockBeats reported that on April 22, U.S. Senator Cynthia Lummis asked Federal Reserve Chair nominee Waller during a hearing, "Do you believe that digital assets should be incorporated into our financial system so that Americans have new investment opportunities and consumer protection?"
Waller responded: "Senator, digital assets are already a part of the structure of the U.S. financial services system. Yes."