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Yili Hua posted on platform X stating that it is important to preserve capital during a bear market. Incidents of theft on the blockchain are frequent, and in pursuit of a few percentage points of profit, the result can be the loss of the entire principal, just like many investment mistakes made in the past. There is always risk in investing, even if the money is held in an exchange or in financial management and mining.Our number one principle now is to always have profit-taking and stop-loss strategies. You must always consider how to respond in the worst-case scenario. Otherwise, the most regrettable situation is when a bull market arrives, and the principal is gone. Investing should be optimistic, but risk control must be rigorous.

The strategic director of Spark, monetsupply.eth, posted on platform X that as the stablecoin market begins to lack liquidity, the situation is entering a more dangerous phase. I believe that the ETH market is about 16.5% supported by rsETH, and if the loans supported by rsETH experience losses shared between the mainnet and external chains, there may be a 10% to 15% reduction in emode, leaving a remaining 2% to 3% reduction for ETH suppliers to smooth out the umbrella structure.ETH suppliers naturally tend to exit as soon as possible to avoid this risk, so the utilization rate is locked at 100%, and the borrowing rates are insufficient to incentivize the repayment of unrelated LST cycles (wstETH, weETH) to release liquidity. Since users cannot withdraw ETH, those who borrow stablecoins like USDT and use ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, cutting off the typical incentive mechanism to maintain market health.Currently, two unhealthy incentives are causing the market utilization rate to be locked at 100%: 1) ETH holders cannot close their positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral, which may lead to bad debts if the ETHUSD price falls. 2) Users supplying USDT, in order to exit their holdings, tend to maximize borrowing of other stablecoins, which is currently generating positive returns (temporarily), thus the exit cost is low; if conditions worsen, they can at least recover 75% of the position value.The bottom line is that these pooled/re-staked lending markets must maintain liquidity at all costs to operate normally. The recent weakening of slope2 against Aave's maximum borrowing rate is having a negative impact and significantly increasing the risk of failure in the yield market.

According to on-chain analyst Yu Jin's monitoring, Sun Yuchen urgently withdrew 53,660 ETH (worth $125 million) from Aave in the early morning and deposited it into Spark half an hour ago. Currently, most of Sun Yuchen's on-chain funds, totaling $2.13 billion, are stored in Sky and Spark, with $380 million remaining on Aave.

According to GMGN data, the market capitalization of the ETH chain meme coin ASTEROID has surpassed a new high of 170 million USD, currently reported at 166 million USD, with a daily increase of over 900%.Meme coin prices are highly volatile, and investors should be aware of the risks.

The head of the Spark Protocol strategy, monetsupply.eth, posted on platform X stating that in January of this year, low-usage assets like rsETH were removed and collateral and functionality were continuously tightened. This move sparked strong dissatisfaction among "ETH leveraged" users at the time.Additionally, Spark has long set a high upper limit on interest rates in the ETH lending market, transferring some business and revenue to Aave over the past year (where its ETH borrowing rate once dropped to 10% or below). However, in the current market crisis environment, this strategy has proven to be more prudent. Currently, SparkLend still maintains sufficient ETH withdrawal liquidity, while Aave has experienced liquidity tightness and even "lock-up" situations in the Ethereum mainnet and multi-chain markets like Arbitrum and Base.monetsupply.eth further warned that since ETH is the core collateral asset, when market utilization reaches 100%, collateral liquidation will not be able to execute normally. The depletion of liquidity not only affects the depositor experience but may also pose systemic risks. In the current situation of insufficient liquidity in Aave, a 15%-20% drop in ETH prices could lead to significant bad debt accumulation (in addition to the potential impact of the rsETH incident).

In a discussion about the late girl Liv Perrotto's question, she had asked whether her design "ASTEROID" could be used as SpaceX's mascot. In response, Musk said, "Ok."Perhaps stimulated by this news, the Ethereum-based meme coin ASTEROID (which launched in September 2024) briefly surpassed a market value of $160 million, currently reported at $116 million, with a 24-hour increase of over 500% and a 24-hour trading volume exceeding $77 million.It is reported that Liv Perrotto, a 15-year-old girl who passed away from cancer, had the biggest wish to meet Musk and wrote a list of questions she wanted to ask. She had previously participated in designing a zero-gravity indicator toy named "Asteroid"—a Shiba Inu figure. Her mother later publicly wrote to Musk, hoping he would consider making Asteroid the official mascot of SpaceX in accordance with Liv Perrotto's wishes. Musk responded by saying, "I will reply shortly."

According to GMGN data, the market capitalization of the ETH chain meme coin ASTEROID has risen to over 130 million USD, reaching a peak of 164 million USD at one point, currently reported at 130.8 million USD, with a 24-hour increase of over 400%.Meme coins generally lack practical application scenarios and rely more on emotional speculation. Entry should be cautious, and investors should pay attention to risks.

Base Marketing Director Sarah Wolf tweeted that she will officially leave Coinbase after nearly five years of work. She joined Coinbase in 2023 as the first Builder Marketer, participating in and promoting Base from its initial small pizza party to an active builder community covering 52 countries.Sarah Wolf stated that after leaving, she will join Anthropic to be responsible for startup marketing, expressing her anticipation to support the startup ecosystem built around Claude.

According to Jinshi reports, global markets significantly rebounded over the past week driven by expectations of easing tensions in the Middle East, but core uncertainties remain unresolved. Iran once announced the opening of the Strait of Hormuz, leading to a rapid decline in oil prices, a broad strengthening of risk assets, U.S. stocks reaching new highs, a weakening dollar, and gold approaching the $4900 mark. However, Iran subsequently signaled that it "is still under military control," combined with the U.S. maintaining sanctions against Iran, which has heightened market concerns about the volatility of the situation.On the macro level, the biggest variable next week will still be the progress of U.S.-Iran negotiations. U.S. President Trump stated that negotiations may advance over the weekend and warned that if an agreement is not reached by next Wednesday, the ceasefire could end, and there is a risk of renewed conflict; meanwhile, Iran's attitude towards negotiations remains cautious, especially with significant differences on key issues such as uranium enrichment. The market has currently shifted from "pricing in conflict escalation" to "pricing in a path to easing," but any sudden changes could still trigger sharp asset fluctuations.In terms of interest rate expectations, the decline in energy prices has alleviated inflationary pressures, and the market's expectations for a rate cut by the Federal Reserve this year have risen to about 60%. At the same time, Federal Reserve Chair nominee Kevin Warsh will attend a Senate hearing next week, and his policy stance (especially whether it leans dovish) will become an important variable affecting gold and risk assets.On Tuesday at 20:30, U.S. March retail sales month-on-month;On Thursday at 20:30, U.S. initial jobless claims for the week ending April 18;On Thursday at 21:45, U.S. April S&P Global Manufacturing/Services PMI preliminary;On Friday at 22:00, U.S. April University of Michigan Consumer Sentiment Index final value, one-year inflation expectations final value;In the short term, the market's main focus will revolve around three major variables: progress in U.S.-Iran negotiations, oil price trends, and signals from the Federal Reserve.

The blockchain analysis platform Arkham announced on X that it has identified the on-chain wallet address of the Morgan Stanley Bitcoin Trust (MSBT), the spot Bitcoin exchange-traded fund under Morgan Stanley, becoming the first platform to publicly identify the on-chain BTC holdings of this ETF, allowing users to track the inflow and outflow of funds in real time.It is reported that the Morgan Stanley Bitcoin ETF was listed on NYSE Arca on April 8, with Coinbase and BNY Mellon serving as custodians. According to Arkham's tracking data, it currently holds 1,348 BTC, valued at approximately $103.92 million.

According to GMGN data, the market value of the ETH chain meme coin ASTEROID briefly fell below 16 million USD, currently reported at 16.67 million USD, with a 6-hour decline of 25.56%.Meme coins generally lack practical application scenarios and rely more on emotional speculation. Investors should be aware of the risks and proceed with caution when entering the market.

According to CryptoQuant analyst @AxelAdlerJr, last night, under the influence of news from the US and Iran, Bitcoin rebounded from $74,000 to $78,000, and this rise has all the characteristics of a classic short squeeze. In just one hour, the market absorbed a peak of $357 million in short liquidations. @AxelAdlerJr believes that this rebound was not amplified by fresh demand but was driven by the forced liquidation of short positions. "This is important because a short squeeze can cause prices to rise very quickly—but by itself, it does not confirm sustainable spot demand."

With the market warming up, a series of indices in the crypto market are showing a rebound trend. The total market value of stablecoins has increased by 0.88% in the past week, currently reported at $32.1408 billion, reaching a new high. It is worth noting that USDT, which had been contracting its presence, made a strong move this week, with a circulation increase of 1.26%, raising its market share to 58.06%. On the other hand, the total value locked (TVL) in DeFi across the network has rebounded to the hundred billion dollar range, currently reported at $99.682 billion. During the same period, the trading volume of DEX also increased by 16.27%, with a weekly trading volume reaching $39.395 billion.

Polymarket has launched "Claude developer Anthropic's next round of financing deadline," with the current probability reported at 22% before the end of June; and 81% before the end of December. The event contract rules are as follows: if the specified company publicly and officially announces that it has completed the next round of financing before the specified date (Eastern Time), the market will ultimately be determined as "yes." Otherwise, this market will ultimately conclude as "no." A qualified announcement must clearly confirm that the new round of financing has been completed, which can be through the specified company (such as a press release) or official announcements from its investors, regulatory documents, or consensus reported by credible media.Informal announcements, statements from anonymous sources, or leaks do not meet the criteria. If the specified company is unable to complete the new round of financing due to acquisition, merger, or absorption by other entities, the market will be settled as "no." The primary settlement source for this market will be the official announcements from the specified company, as well as official documents from the company, such as SEC filings; however, credible consensus reporting can also be used. According to ChainCatcher, the Odaily Seer prophet channel continues to monitor the prediction market and has seen changes before pricing.

According to GMGN data, the market value of Hakimi has risen to over $19 million, currently reported at $18.9 million, with a daily increase of over 90%.The price of meme coins is highly volatile, and investors should be aware of the risks.

According to Ark Invest Tracker data, Cathie Wood's ARK Invest reduced its holdings by 11,465 shares of Circle stock (approximately $1.215 million) and 31,417 shares of Bullish stock (approximately $1.367 million).

According to Jinshi reports, Federal Reserve Governor Waller stated that he will closely monitor the market's response to inflation expectations.

According to Jinshi reports, Federal Reserve Governor Waller stated that the current breakeven growth rate in the job market may be close to zero.