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On April 17, UBS's research report indicated that the Federal Reserve is still on a path toward further easing. Fed Chair Jerome Powell recently downplayed the necessity of tightening monetary policy due to rising energy prices, noting that policymakers typically 'ignore' supply shocks like surging oil prices, especially when inflation expectations remain firmly controlled. Although the Fed is still seeking further evidence of a sustained decline in core inflation before implementing additional easing measures, we still expect a 50 basis point rate cut later this year. Given that U.S. Treasury yields are significantly higher than pre-conflict levels, we believe there is ample room for downward movement, with our year-end targets for the 2-year and 10-year Treasury yields set at 3.25% and 3.75%, respectively.

[UBS: Expects Fed to Cut Rates by 50 Basis Points Later This Year]On April 17, UBS's research report indicated that the Federal Reserve is still on a path toward further easing. Fed Chair Jerome Powell recently downplayed the necessity of tightening monetary policy due to rising energy prices, noting that policymakers typically 'ignore' supply shocks like surging oil prices, especially when inflation expectations remain firmly controlled. Although the Fed is still seeking further evidence of a sustained decline in core inflation before implementing additional easing measures, we still expect a 50 basis point rate cut later this year. Given that U.S. Treasury yields are significantly higher than pre-conflict levels, we believe there is ample room for downward movement, with our year-end targets for the 2-year and 10-year Treasury yields set at 3.25% and 3.75%, respectively.

UBS: Expects Fed to Cut Rates by 50 Basis Points Later This Year

On April 17, Foreign Ministry spokesperson Guo Jiajun held a regular press conference. Guo emphasized that China consistently opposes illegal unilateral sanctions that lack a basis in international law and are not authorized by the United Nations Security Council, as well as the abuse of extraterritorial jurisdiction. The cooperation between China and Venezuela is protected by international law and the laws of both countries, and China's legitimate rights and interests in Venezuela must be safeguarded. (The Paper)

[US Eases Financial Sanctions on Venezuela but Prohibits Transactions with Chinese Companies, Foreign Ministry Responds]On April 17, Foreign Ministry spokesperson Guo Jiajun held a regular press conference. Guo emphasized that China consistently opposes illegal unilateral sanctions that lack a basis in international law and are not authorized by the United Nations Security Council, as well as the abuse of extraterritorial jurisdiction. The cooperation between China and Venezuela is protected by international law and the laws of both countries, and China's legitimate rights and interests in Venezuela must be safeguarded. (The Paper)

US Eases Financial Sanctions on Venezuela but Prohibits Transactions with Chinese Companies, Foreign Ministry Responds

On April 17, Bank of America reported that in the week ending Wednesday, investors withdrew a record $172.2 billion from cash and money markets. This phenomenon is primarily attributed to optimism regarding the potential end of the war in Iran and tax-related fund flows. Additionally, there was a significant influx of funds into the stock market, mainly due to a large amount of money returning to U.S. equities, which reached a historic high this week. The stock market saw an inflow of $11.3 billion, with $17.4 billion specifically flowing into U.S. stocks. Emerging market equities experienced their 11th consecutive week of outflows, totaling $10.5 billion; South Korean equity funds faced a record outflow of $2.5 billion. European stock markets saw an outflow of $4.7 billion, the largest since November 2024. Bank of America noted that the flow of funds data indicates that 2026 will be a record year for global equities (with inflows reaching $1 trillion) and investment-grade bonds (with inflows of $50 billion). (Dongxin News Agency)

[Bank of America: Investors Withdraw a Record $172.2 Billion in Cash Over Past Week, Significant Funds Flow into Stock Market]On April 17, Bank of America reported that in the week ending Wednesday, investors withdrew a record $172.2 billion from cash and money markets. This phenomenon is primarily attributed to optimism regarding the potential end of the war in Iran and tax-related fund flows. Additionally, there was a significant influx of funds into the stock market, mainly due to a large amount of money returning to U.S. equities, which reached a historic high this week. The stock market saw an inflow of $11.3 billion, with $17.4 billion specifically flowing into U.S. stocks. Emerging market equities experienced their 11th consecutive week of outflows, totaling $10.5 billion; South Korean equity funds faced a record outflow of $2.5 billion. European stock markets saw an outflow of $4.7 billion, the largest since November 2024. Bank of America noted that the flow of funds data indicates that 2026 will be a record year for global equities (with inflows reaching $1 trillion) and investment-grade bonds (with inflows of $50 billion). (Dongxin News Agency)

Bank of America: Investors Withdraw a Record $172.2 Billion in Cash Over Past Week, Significant Funds Flow into Stock Market

On April 17, the Islamic Revolutionary Guard Corps of Iran issued a statement declaring that both the IRGC and the Iranian military are prepared to deliver a strong response to any acts of aggression and criminal behavior by enemies. The statement noted that the enemies' attempts to invade Iran through land and maritime operations and seize Iranian islands in the Persian Gulf have been thwarted. Should the enemies dare to make any rash moves in their aggression against Iran, they will undoubtedly face a lethal counterattack from Iran, resulting not only in humiliation and a strategic defeat but also in gaining nothing.

[Iran Ready to Strongly Respond to Enemy Aggression]On April 17, the Islamic Revolutionary Guard Corps of Iran issued a statement declaring that both the IRGC and the Iranian military are prepared to deliver a strong response to any acts of aggression and criminal behavior by enemies. The statement noted that the enemies' attempts to invade Iran through land and maritime operations and seize Iranian islands in the Persian Gulf have been thwarted. Should the enemies dare to make any rash moves in their aggression against Iran, they will undoubtedly face a lethal counterattack from Iran, resulting not only in humiliation and a strategic defeat but also in gaining nothing.

Iran Ready to Strongly Respond to Enemy Aggression

On April 17, news from CryptoQuant indicated that the Bitcoin Comprehensive Market Index (BCMI), composed of MVRV, NUPL, SOPR, and the Fear and Greed Index, is currently testing a historically significant pivot zone. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has dropped to the range of 0.2 to 0.3. While this does not guarantee an immediate 'V-shaped' reversal, this zone historically corresponds to deeply undervalued levels for BTC. Data analysis confirms that the current pullback has reset realized value and market sentiment to levels not seen since early 2023, although the 90-day moving average (white line) is still trending downward. From a conservative perspective, it is necessary to wait for this slope to flatten, which would signal the exhaustion of selling pressure. Furthermore, analyst Woominkyu believes the market is entering a 'value accumulation zone', with downside potential diminishing compared to long-term upside potential. However, confirmation of a bottom signal for the index requires waiting for price stabilization.

[CryptoQuant Analyst: Bitcoin Enters 'Value Accumulation Zone', Downside Potential Limited]On April 17, news from CryptoQuant indicated that the Bitcoin Comprehensive Market Index (BCMI), composed of MVRV, NUPL, SOPR, and the Fear and Greed Index, is currently testing a historically significant pivot zone. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has dropped to the range of 0.2 to 0.3. While this does not guarantee an immediate 'V-shaped' reversal, this zone historically corresponds to deeply undervalued levels for BTC. Data analysis confirms that the current pullback has reset realized value and market sentiment to levels not seen since early 2023, although the 90-day moving average (white line) is still trending downward. From a conservative perspective, it is necessary to wait for this slope to flatten, which would signal the exhaustion of selling pressure. Furthermore, analyst Woominkyu believes the market is entering a 'value accumulation zone', with downside potential diminishing compared to long-term upside potential. However, confirmation of a bottom signal for the index requires waiting for price stabilization.

CryptoQuant Analyst: Bitcoin Enters 'Value Accumulation Zone', Downside Potential Limited

On April 17, GMGN reported that the market cap of the Ethereum-based meme coin ASTEROID has surpassed $20 million, currently standing at $21.84 million, marking an all-time high, with a 24-hour trading volume of $14.7 million. BlockBeats notes that 15-year-old Liv Perrotto, who passed away from cancer, had a final wish to meet Elon Musk and had prepared a list of questions for him. She previously participated in designing a zero-gravity indicator toy named 'Asteroid,' modeled after a Shiba Inu. 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, stating, 'I will reply shortly.' BlockBeats reminds users that meme coin trading is highly volatile, heavily reliant on market sentiment and speculative hype, and lacks actual value or use cases, urging investors to be aware of the risks.

[Ethereum-based Meme Coin ASTEROID Market Cap Surpasses $20 Million, Reaches All-Time High]On April 17, GMGN reported that the market cap of the Ethereum-based meme coin ASTEROID has surpassed $20 million, currently standing at $21.84 million, marking an all-time high, with a 24-hour trading volume of $14.7 million. BlockBeats notes that 15-year-old Liv Perrotto, who passed away from cancer, had a final wish to meet Elon Musk and had prepared a list of questions for him. She previously participated in designing a zero-gravity indicator toy named 'Asteroid,' modeled after a Shiba Inu. 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, stating, 'I will reply shortly.' BlockBeats reminds users that meme coin trading is highly volatile, heavily reliant on market sentiment and speculative hype, and lacks actual value or use cases, urging investors to be aware of the risks.

Ethereum-based Meme Coin ASTEROID Market Cap Surpasses $20 Million, Reaches All-Time High

based Surges 19.20% in 24H, Currently at 0.133247 USDT

【based currently trades at 0.133247 USDT, up 19.20% in 24h, according to HTX market data.】based Surges 19.20% in 24H, Currently at 0.133247 USDT

based currently trades at 0.133247 USDT, up 19.20% in 24h, according to HTX market data.

On April 17, it was reported that global crude oil exports have plummeted by over 9 million barrels per day compared to the same period last year.

[Global Crude Oil Exports Plummet by Over 9 Million Barrels per Day Year-on-Year]On April 17, it was reported that global crude oil exports have plummeted by over 9 million barrels per day compared to the same period last year.

Global Crude Oil Exports Plummet by Over 9 Million Barrels per Day Year-on-Year

On April 17, the Cyberspace Administration of China published an article titled 'Building a Rule of Law Cyberspace for the Benefit of the People,' which emphasizes the need to continuously improve the legal regulations that promote and safeguard the development of information technology. It specifically calls for strengthening legislation in areas such as artificial intelligence, digital economy, network infrastructure, satellite internet, and blockchain. The aim is to ensure that wherever information technology develops, network legislation will cover it, using the rule of law to support technological innovation and self-reliance in the cyberspace sector.

[Cyberspace Administration of China: Strengthening Legislation in AI, Digital Economy, and Blockchain]On April 17, the Cyberspace Administration of China published an article titled 'Building a Rule of Law Cyberspace for the Benefit of the People,' which emphasizes the need to continuously improve the legal regulations that promote and safeguard the development of information technology. It specifically calls for strengthening legislation in areas such as artificial intelligence, digital economy, network infrastructure, satellite internet, and blockchain. The aim is to ensure that wherever information technology develops, network legislation will cover it, using the rule of law to support technological innovation and self-reliance in the cyberspace sector.

Cyberspace Administration of China: Strengthening Legislation in AI, Digital Economy, and Blockchain

The Chicago Mercantile Exchange (CME) has announced that it plans to expand the contract duration of Bitcoin and Ethereum options starting May 22, pending regulatory review. With these new contracts, there will be expiring contracts every business day, Monday through Friday.

Detail

【CME Group Plans to Extend Contract Duration of Bitcoin and Ethereum Options Starting May 22】The Chicago Mercantile Exchange (CME) has announced that it plans to expand the contract duration of Bitcoin and Ethereum options starting May 22, pending regulatory review. With these new contracts, there will be expiring contracts every business day, Monday through Friday.

CME Group Plans to Extend Contract Duration of Bitcoin and Ethereum Options Starting May 22

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edge soared to 1.2742 USDT, a new high with a 24-hour increase of 13.45%. It currently trades at 1.1689 USDT on HTX.

CME Group Plans to Extend Contract Duration of Bitcoin and Ethereum Options Starting May 22

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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