The Fed's Beige Book maintained the growth characteristics of the "slight" expansion of the US economy since February, continuing the generally pessimistic description of economic activity, and people are cautiously optimistic about the economy. ECB Governing Council member Centeno: If interest rates must be cut before the Fed, then so be it.

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U.S. Senators Kirsten Gillibrand and Cynthia Lummis proposed a Stablecoin Act that requires stablecoin issuers to hold a one-to-one cash or cash equivalent reserve to back their tokens, prohibits unbacked algorithmic stablecoins, and neither issuers nor users can use stablecoins for illegal or unauthorized purposes such as money laundering, promotes responsible innovation, protects consumers and combats money laundering and illegal finance. Members of the British Parliament called on the British government to invest in skills development to meet employment needs in the cryptocurrency, blockchain and artificial intelligence (AI) industries. Lisa Cameron, a member of Congress who chaired the debate on the topic on Tuesday, urged the British government to ensure that digital skills are taught from the early stages of education and even in the workplace to make the most of these opportunities and ensure that the UK has the necessary talent. Jamie Coutts CMT, a former Bloomberg analyst, said that by 2030, Blockchain's daily active users are conservatively predicted to be 70 million. HODL15 Capital data shows that Upbit's cold wallet "Mr.100" is working hard to hoard BTC, and has purchased almost all newly mined BTC in the past three days. From April 15 to 17, it purchased 800, 600, and 400 BTC respectively. When introducing the expenditure budget and work priorities for 2024-25, Paul Hui, Director of the Hong Kong Treasury Bureau, said that in terms of virtual assets, a series of work is being carried out to strengthen supervision to promote the sound and responsible development of Hong Kong's virtual asset market. The HKMA launched a stablecoin "sandbox" in March this year to allow institutions interested in issuing stablecoins to conduct tests within a controllable range, and will submit a draft bill to the Legislative Council as soon as possible.

Joelkruger, market strategist at LMAX Group, said that the behavior of BTC investors indicates that market weakness may continue for some time, as large investors have not yet started to buy on dips at current prices. BTC may still see more weakness or consolidation before it is ready to rise. The key technical level to watch is $59,000, which is an important support area. Cryptocom CEO said that BTC may see a price drop after the halving. He cited the market psychology of "buy highs and sell highs", that is, investors tend to buy before good news is announced and sell to take profits after the news is digested. He remains optimistic about BTC's performance in the next 6 months and predicts that it will have strong performance. The reduction in BTC's supply due to halving will benefit its long-term price trend. At the opening of the U.S. stock market on Thursday, the Nasdaq fell 0.5%, the gold price rose 0.7%, and the Bitcoin spot ETF rose 3%. On Thursday, the Federal Reserve Beige Book maintained the growth characteristics of the "slight" expansion of the U.S. economy since February, continuing the generally pessimistic description of economic activity and people are cautiously optimistic about the economy. Fed's Mester said, "Price pressures are expected to ease further this year, allowing the Fed to lower borrowing costs. At some point, monetary policy normalization will begin, returning to a less restrictive stance, but there is no need to rush." ​​ECB board member Cipollone: ​​If data from June and July confirm improved confidence indicators, some restrictions will be lifted appropriately; Centeno: Interest rates should start to be lowered soon. If they must be lowered before the Fed, so be it. Citi economists Andrew Hollenhorst and Veronica Clark said that because the Fed is still worried that economic growth may stagnate, Fed policymakers will not miss signs of slowing inflation or economic weakness. They insist that there will be five 25 basis point rate cuts this year, which is very different from other forecasting agencies.

Bank of America's April survey of global fund managers found that as optimism about economic growth grows, concerns about the prospect of stagflation are beginning to fade (60%, peaking at 92%); a net 20% of investors expect global profits to improve, the highest level since August 2021. According to Google Trends data, search interest for BTC halving has reached 45 points, and Google predicts that it will reach 100 points by the end of this month. Research and brokerage firm Bernstein expects BTC to resume its bullish trajectory after the halving, reiterating its goal of reaching $150,000 by the end of 2025. After the halving, with increased market share, strong revenue and a growing production capacity pipeline, top miners may outperform BTC in the next 12 months. Nothing has changed. Analysts generally believe that the halving is just a positive realization, which is the main factor for short-term price declines and long-term price increases. The Fed's interest rate outlook has boosted this pullback. Over time, BTC production decreases and prices rise; over time, lower interest rates will also stimulate prices. Skills are only auxiliary and suitable for a few people; most people have witnessed that the bull market will hand over profits to time, which is reliable. Maintain the optimism that a bull market should have. #比特币减半狂欢夜