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based Surges 21.03% in 24H, Currently at 0.101533 USDT

【based currently trades at 0.101533 USDT, up 21.03% in 24h, according to HTX market data.】based Surges 21.03% in 24H, Currently at 0.101533 USDT

based currently trades at 0.101533 USDT, up 21.03% in 24h, according to HTX market data.

On April 20, Nomura Securities released a report predicting that the Federal Reserve will cut rates twice this year, while the European Central Bank, Bank of England, Reserve Bank of India, and Bank of Korea will keep interest rates unchanged. The Reserve Bank of Australia is expected to raise rates once, and the Bank of Japan will raise rates twice, but not immediately. Nomura noted that the fragile ceasefire agreement between the U.S. and Iran is improving market risk sentiment. Despite the high-risk edge policies, the market generally believes that both sides will eventually reach an agreement. However, given the significant gap in demands from both parties, it may take weeks or even months to finalize an agreement. In the meantime, the Strait of Hormuz may remain largely blocked.

[Nomura: Fed Expected to Cut Rates Twice This Year, BoJ to Raise Rates Twice]On April 20, Nomura Securities released a report predicting that the Federal Reserve will cut rates twice this year, while the European Central Bank, Bank of England, Reserve Bank of India, and Bank of Korea will keep interest rates unchanged. The Reserve Bank of Australia is expected to raise rates once, and the Bank of Japan will raise rates twice, but not immediately. Nomura noted that the fragile ceasefire agreement between the U.S. and Iran is improving market risk sentiment. Despite the high-risk edge policies, the market generally believes that both sides will eventually reach an agreement. However, given the significant gap in demands from both parties, it may take weeks or even months to finalize an agreement. In the meantime, the Strait of Hormuz may remain largely blocked.

Nomura: Fed Expected to Cut Rates Twice This Year, BoJ to Raise Rates Twice

On April 20, U.S. President Trump shared a commentary article by American political conservative Christopher Ruddy on social media, in which the author stated that Trump has decisively won the war. The article provided eight reasons for this 'victory': 1) Achieved the goal of preventing Iran from developing nuclear weapons and dismantling its nuclear program. 2) Undermined Iran's status as a regional military power. 3) Facilitated a de facto new Arab-Israeli alliance, as key Gulf nations recognize their future is closely tied to Washington and Jerusalem. 4) Weakened Iran's network of proxies that have disrupted the region for years. 5) Forced NATO members to reflect on strengthening NATO. 6) Diminished Russia's standing; although Moscow has temporarily benefited from sanctions relief and high oil prices, these are short-term gains. 7) Stabilizing the Gulf region and reopening energy flows will ultimately benefit global markets and the world economy. 8) The Iran conflict may make the U.S. stronger and better prepared for future wars.

[Trump Shares Article Claiming Victory in Iran War, Lists Eight Achievements]On April 20, U.S. President Trump shared a commentary article by American political conservative Christopher Ruddy on social media, in which the author stated that Trump has decisively won the war. The article provided eight reasons for this 'victory': 1) Achieved the goal of preventing Iran from developing nuclear weapons and dismantling its nuclear program. 2) Undermined Iran's status as a regional military power. 3) Facilitated a de facto new Arab-Israeli alliance, as key Gulf nations recognize their future is closely tied to Washington and Jerusalem. 4) Weakened Iran's network of proxies that have disrupted the region for years. 5) Forced NATO members to reflect on strengthening NATO. 6) Diminished Russia's standing; although Moscow has temporarily benefited from sanctions relief and high oil prices, these are short-term gains. 7) Stabilizing the Gulf region and reopening energy flows will ultimately benefit global markets and the world economy. 8) The Iran conflict may make the U.S. stronger and better prepared for future wars.

Trump Shares Article Claiming Victory in Iran War, Lists Eight Achievements

According to The Information, prediction market platform Polymarket is in talks with investors to raise $400 million at an estimated valuation of around $15 billion. This funding will be added to the $600 million round previously invested by the Intercontinental Exchange last month, which did not disclose its valuation at that time. Polymarket is looking to attract more strategic investors.

[Polymarket Seeks to Raise $400 Million at $15 Billion Valuation]According to The Information, prediction market platform Polymarket is in talks with investors to raise $400 million at an estimated valuation of around $15 billion. This funding will be added to the $600 million round previously invested by the Intercontinental Exchange last month, which did not disclose its valuation at that time. Polymarket is looking to attract more strategic investors.

Polymarket Seeks to Raise $400 Million at $15 Billion Valuation

According to monitoring by Lookonchain, Aave's TVL has fallen to $17.947 billion, a decrease of $8.45 billion over the past two days. The total TVL of all on-chain DeFi protocols has also dropped from $99.497 billion to $86.286 billion, a decline of $13.21 billion.

[Aave's TVL Drops from $26.396 Billion to $17.947 Billion in Two Days, Losing $8.45 Billion]According to monitoring by Lookonchain, Aave's TVL has fallen to $17.947 billion, a decrease of $8.45 billion over the past two days. The total TVL of all on-chain DeFi protocols has also dropped from $99.497 billion to $86.286 billion, a decline of $13.21 billion.

Aave's TVL Drops from $26.396 Billion to $17.947 Billion in Two Days, Losing $8.45 Billion

On April 20, the Shanghai Municipal Economic and Information Commission and six other departments issued the 'Action Plan for Promoting Industrial Internet Platforms to Empower Industrial Development (2026-2028)'. The plan emphasizes strengthening the foundation for the digital and intelligent development of platforms. It includes initiatives to cultivate industry service providers, support high-level vertical model filing for industrial internet platform enterprises, and enhance the capability for industry application implementation services. A dedicated channel for computing power services on industrial internet platforms will be established to support enterprises in development training, fine-tuning, inference deployment, and model customization on the computing power scheduling platform. The plan also promotes the strengthening of dynamic security testing and assessment for industrial internet platforms, enhancing network and data security management through practical offensive and defensive drills. Support will be provided for enterprises engaged in AI R&D and applications in accordance with local regulations such as 'computing power vouchers' and 'model vouchers'. (Dongxin News)

[Shanghai: Support for Enterprises in AI R&D and Applications Based on Local Regulations]On April 20, the Shanghai Municipal Economic and Information Commission and six other departments issued the 'Action Plan for Promoting Industrial Internet Platforms to Empower Industrial Development (2026-2028)'. The plan emphasizes strengthening the foundation for the digital and intelligent development of platforms. It includes initiatives to cultivate industry service providers, support high-level vertical model filing for industrial internet platform enterprises, and enhance the capability for industry application implementation services. A dedicated channel for computing power services on industrial internet platforms will be established to support enterprises in development training, fine-tuning, inference deployment, and model customization on the computing power scheduling platform. The plan also promotes the strengthening of dynamic security testing and assessment for industrial internet platforms, enhancing network and data security management through practical offensive and defensive drills. Support will be provided for enterprises engaged in AI R&D and applications in accordance with local regulations such as 'computing power vouchers' and 'model vouchers'. (Dongxin News)

Shanghai: Support for Enterprises in AI R&D and Applications Based on Local Regulations

At the Hong Kong Web3 Carnival on April 20, Ye Zhiheng, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, stated during his keynote speech that an announcement will be made this afternoon allowing virtual asset trading platforms to engage in tokenized asset trading. This will not be limited to tokenized money market funds but will include all authorized assets. He mentioned that this effectively establishes the world's first framework for tokenized asset trading, permitting transactions on regulated platforms. The experiment will begin with money market funds and will gradually expand to all authorized assets.

[Ye Zhiheng: Announcement Today on Allowing Tokenized Asset Trading on Virtual Asset Platforms]At the Hong Kong Web3 Carnival on April 20, Ye Zhiheng, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, stated during his keynote speech that an announcement will be made this afternoon allowing virtual asset trading platforms to engage in tokenized asset trading. This will not be limited to tokenized money market funds but will include all authorized assets. He mentioned that this effectively establishes the world's first framework for tokenized asset trading, permitting transactions on regulated platforms. The experiment will begin with money market funds and will gradually expand to all authorized assets.

Ye Zhiheng: Announcement Today on Allowing Tokenized Asset Trading on Virtual Asset Platforms

On April 20, according to Lookonchain monitoring, a certain OTC whale (0xd45...FB20) who previously purchased 163,000 ETH and 4,000 cbBTC withdrew 98,032 wstETH (valued at $272 million) and 3,000 cbBTC (valued at $221 million) from Aave. Due to the KelpDAOrsETH bridge vulnerability preventing ETH withdrawals, the whale directly exchanged 7,438 aEthWETH (valued at $16.83 million) for 1,930 stETH and 5,272 ETH, resulting in a loss of 237 ETH (valued at $540,000). Currently, the address still holds 10,000 ETH (valued at $22.8 million) in Aave.

[Whale Withdraws $493 Million from Aave in wstETH and cbBTC]On April 20, according to Lookonchain monitoring, a certain OTC whale (0xd45...FB20) who previously purchased 163,000 ETH and 4,000 cbBTC withdrew 98,032 wstETH (valued at $272 million) and 3,000 cbBTC (valued at $221 million) from Aave. Due to the KelpDAOrsETH bridge vulnerability preventing ETH withdrawals, the whale directly exchanged 7,438 aEthWETH (valued at $16.83 million) for 1,930 stETH and 5,272 ETH, resulting in a loss of 237 ETH (valued at $540,000). Currently, the address still holds 10,000 ETH (valued at $22.8 million) in Aave.

Whale Withdraws $493 Million from Aave in wstETH and cbBTC

On April 20, The Information reported that the prediction market platform Polymarket is negotiating a new round of financing of $400 million at a valuation of approximately $15 billion.

[Polymarket Negotiates $400 Million Financing at a $15 Billion Valuation]On April 20, The Information reported that the prediction market platform Polymarket is negotiating a new round of financing of $400 million at a valuation of approximately $15 billion.

Polymarket Negotiates $400 Million Financing at a $15 Billion Valuation

According to KBS, South Korean prosecutors said that nine former and current executives of Terraform Labs illegally raised 414.5 billion won (about $314.2 million) from the project, of which about 91.4 billion won belonged to the company's CEO Do Kwon, but confirmed that none of his assets are under South Korean jurisdiction. Local prosecutors temporarily seized assets belonging to Terraform co-founder Shin Hyun-seung, also known as Daniel Shin, including real estate and imported cars. The prosecutors accused Daniel Shin of illegally profiting more than 154 billion won from the Terra-Luna project. Do Kwon appears to have exchanged a significant portion of his fortune for bitcoin, transferring it to overseas crypto exchanges. Prosecutors said they had asked Binance to prevent Do Kwon from withdrawing his cryptocurrency.  Previous news, South Korean prosecutors have searched and seized the real estate of Terra executives and employees totaling more than $200 million.

Detail

【South Korean prosecutors: Do Kwon’s assets are not in South Korea, and the criminal income of the Terra project is about $300 million】According to KBS, South Korean prosecutors said that nine former and current executives of Terraform Labs illegally raised 414.5 billion won (about $314.2 million) from the project, of which about 91.4 billion won belonged to the company's CEO Do Kwon, but confirmed that none of his assets are under South Korean jurisdiction. Local prosecutors temporarily seized assets belonging to Terraform co-founder Shin Hyun-seung, also known as Daniel Shin, including real estate and imported cars. The prosecutors accused Daniel Shin of illegally profiting more than 154 billion won from the Terra-Luna project. Do Kwon appears to have exchanged a significant portion of his fortune for bitcoin, transferring it to overseas crypto exchanges. Prosecutors said they had asked Binance to prevent Do Kwon from withdrawing his cryptocurrency.  Previous news, South Korean prosecutors have searched and seized the real estate of Terra executives and employees totaling more than $200 million.

South Korean prosecutors: Do Kwon’s assets are not in South Korea, and the criminal income of the Terra project is about $300 million

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Article

South Korean prosecutors: Do Kwon’s assets are not in South Korea, and the criminal income of the Terra project is about $300 million

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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