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On April 21, JPMorgan's strategists stated that renewed enthusiasm for artificial intelligence technology will help drive the U.S. stock market to exceed expectations this year. Led by Dubravko Lakos-Bujas, the team raised the annual target for the S&P 500 index to 7,600 points, having just lowered it to 7,200 points last month, citing geopolitical risks at that time. On Monday, the S&P 500 index closed at 7,109 points, indicating an approximate 7% increase is still expected. The strategists' optimistic forecast is based on a more favorable outlook for the technology and AI sectors, which they believe will enhance corporate earnings and alleviate ongoing concerns stemming from the Iran conflict.

[JPMorgan Raises S&P 500 Target]On April 21, JPMorgan's strategists stated that renewed enthusiasm for artificial intelligence technology will help drive the U.S. stock market to exceed expectations this year. Led by Dubravko Lakos-Bujas, the team raised the annual target for the S&P 500 index to 7,600 points, having just lowered it to 7,200 points last month, citing geopolitical risks at that time. On Monday, the S&P 500 index closed at 7,109 points, indicating an approximate 7% increase is still expected. The strategists' optimistic forecast is based on a more favorable outlook for the technology and AI sectors, which they believe will enhance corporate earnings and alleviate ongoing concerns stemming from the Iran conflict.

JPMorgan Raises S&P 500 Target

On April 21, Iran stated that it has not yet made a decision regarding the resumption of negotiations with the United States. (Iran Press TV)

[Iran States No Decision Yet on Resuming Talks with the U.S.]On April 21, Iran stated that it has not yet made a decision regarding the resumption of negotiations with the United States. (Iran Press TV)

Iran States No Decision Yet on Resuming Talks with the U.S.

On April 21, Alex Thorn, head of research at Galaxy Digital, warned that the critical U.S. cryptocurrency legislation, the CLARITY Act, has reached a pivotal moment. If deliberations are delayed until after mid-May, the likelihood of passing by 2026 will sharply decline. Currently, the probability of the bill becoming law this year is estimated to be around 50%, or even lower. Data from Polymarket also shows that its passage probability has dropped from 82% in February to 47%. Thorn pointed out that the Senate schedule is currently filled with matters such as military authorization for Iran, funding for the Department of Homeland Security, and presidential nominations, leaving little time for the bill. If the Democrats regain control of the House after the November midterm elections, legislative efforts may stall. Although the bill passed the House last July with a bipartisan margin of 294-134, negotiations in the Senate are more complex and face multiple obstacles. Firstly, disagreements over stablecoin rewards were the main reason for the delay from January. Secondly, provisions in the draft that clarify that non-custodial software developers do not fall under 'money transmitters' have faced opposition from law enforcement. Additionally, ethical provisions have some Democrats pushing to restrict government officials and their families from profiting from crypto assets during their terms. Lastly, concerns about the SEC's authority and vacant commissioner positions add to the political complexity. Thorn believes that a full Senate vote in July is 'theoretically possible,' but would require extraordinary political will and coordination.

[Galaxy Analyst Warns of Multiple Obstacles for CLARITY Act, 50% Chance of Passage Before Midterm Elections]On April 21, Alex Thorn, head of research at Galaxy Digital, warned that the critical U.S. cryptocurrency legislation, the CLARITY Act, has reached a pivotal moment. If deliberations are delayed until after mid-May, the likelihood of passing by 2026 will sharply decline. Currently, the probability of the bill becoming law this year is estimated to be around 50%, or even lower. Data from Polymarket also shows that its passage probability has dropped from 82% in February to 47%. Thorn pointed out that the Senate schedule is currently filled with matters such as military authorization for Iran, funding for the Department of Homeland Security, and presidential nominations, leaving little time for the bill. If the Democrats regain control of the House after the November midterm elections, legislative efforts may stall. Although the bill passed the House last July with a bipartisan margin of 294-134, negotiations in the Senate are more complex and face multiple obstacles. Firstly, disagreements over stablecoin rewards were the main reason for the delay from January. Secondly, provisions in the draft that clarify that non-custodial software developers do not fall under 'money transmitters' have faced opposition from law enforcement. Additionally, ethical provisions have some Democrats pushing to restrict government officials and their families from profiting from crypto assets during their terms. Lastly, concerns about the SEC's authority and vacant commissioner positions add to the political complexity. Thorn believes that a full Senate vote in July is 'theoretically possible,' but would require extraordinary political will and coordination.

Galaxy Analyst Warns of Multiple Obstacles for CLARITY Act, 50% Chance of Passage Before Midterm Elections

On April 21, the Securities and Exchange Commission (SEC) of the Philippines issued an investor warning, advising the public against investing in seven crypto trading platforms: dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium. The SEC stated that these platforms are not registered with the commission and have not obtained the necessary authorization required under the Crypto Asset Service Provider (CASP) framework. The SEC also warned that individuals promoting these platforms within the Philippines could face criminal liability, with penalties of up to 5,000,000 Philippine pesos (approximately $89,000) or a maximum of 21 years in prison.

[Philippine SEC Issues Investment Warnings for 7 Crypto Trading Platforms]On April 21, the Securities and Exchange Commission (SEC) of the Philippines issued an investor warning, advising the public against investing in seven crypto trading platforms: dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium. The SEC stated that these platforms are not registered with the commission and have not obtained the necessary authorization required under the Crypto Asset Service Provider (CASP) framework. The SEC also warned that individuals promoting these platforms within the Philippines could face criminal liability, with penalties of up to 5,000,000 Philippine pesos (approximately $89,000) or a maximum of 21 years in prison.

Philippine SEC Issues Investment Warnings for 7 Crypto Trading Platforms

On April 21, DL News reported that the Russian government published a draft bill on the State Duma website, proposing to impose criminal liability for organizing the circulation of digital currencies without registration or without permission from the Central Bank of Russia, with a maximum penalty of 7 years of forced labor. The draft states that ordinary violators could face fines of up to approximately $4,000 and a maximum of 4 years in prison; operators of large cryptocurrency trading platforms could face fines of up to approximately $13,000, and responsible individuals could be sentenced to 5 to 7 years. The bill also proposes that the majority of cryptocurrency transactions be conducted through commercial bank apps and imposes penalties on industrial cryptocurrency miners for unreported activities. If approved by the State Duma and the President, the new regulations are set to take effect on July 1, 2027.

[Russia Proposes Criminal Penalties for Unlicensed Cryptocurrency Transactions, Up to 7 Years of Forced Labor]On April 21, DL News reported that the Russian government published a draft bill on the State Duma website, proposing to impose criminal liability for organizing the circulation of digital currencies without registration or without permission from the Central Bank of Russia, with a maximum penalty of 7 years of forced labor. The draft states that ordinary violators could face fines of up to approximately $4,000 and a maximum of 4 years in prison; operators of large cryptocurrency trading platforms could face fines of up to approximately $13,000, and responsible individuals could be sentenced to 5 to 7 years. The bill also proposes that the majority of cryptocurrency transactions be conducted through commercial bank apps and imposes penalties on industrial cryptocurrency miners for unreported activities. If approved by the State Duma and the President, the new regulations are set to take effect on July 1, 2027.

Russia Proposes Criminal Penalties for Unlicensed Cryptocurrency Transactions, Up to 7 Years of Forced Labor

On April 21, on-chain detective ZachXBT posted on his personal channel that the KelpDAO attacker has started transferring stolen funds from the Ethereum mainnet to launder them into Bitcoin through Thorchain, with an additional $78,000 being laundered via Umbra.

[ZachXBT: KelpDAO Attacker Begins Laundering Stolen Funds into Bitcoin via Thorchain]On April 21, on-chain detective ZachXBT posted on his personal channel that the KelpDAO attacker has started transferring stolen funds from the Ethereum mainnet to launder them into Bitcoin through Thorchain, with an additional $78,000 being laundered via Umbra.

ZachXBT: KelpDAO Attacker Begins Laundering Stolen Funds into Bitcoin via Thorchain

On April 21, during the roundtable discussion titled 'Decoding Web 4.0: When AI Agents Take Over On-Chain Authority', Infini founder Christian discussed the relationship between stablecoins and AI Agents. He stated that the underlying logic of stablecoins is not complex, focusing on two main points: first, they serve as a substitute for the dollar, providing a universal currency with settlement and transaction value for global users; second, they are born and widely used in regions with underdeveloped financial infrastructure. Therefore, the real demand for stablecoins primarily comes from emerging markets rather than developed countries with well-established financial systems. In terms of practical application, Christian emphasized that the greatest value of stablecoins lies in the reconstruction of payment and settlement efficiency. Compared to the traditional banking system, which incurs costs of $30–50 per transaction and has a connection cycle of several weeks, current on-chain transaction costs have dropped to a few dollars, making micropayments and high-frequency settlements possible. He cited Infini's product as an example, stating that users can generate a stablecoin payment link within a minute without any coding skills and quickly distribute it across various social or business scenarios, enabling instant payments globally. This model is nearly impossible to achieve in the traditional financial system, as businesses typically face lengthy account opening and payment integration processes.

[Infini Founder Christian: The Essence of Stablecoins is as a 'Dollar Substitute', Core Demand Arises from Underdeveloped Financial Markets]On April 21, during the roundtable discussion titled 'Decoding Web 4.0: When AI Agents Take Over On-Chain Authority', Infini founder Christian discussed the relationship between stablecoins and AI Agents. He stated that the underlying logic of stablecoins is not complex, focusing on two main points: first, they serve as a substitute for the dollar, providing a universal currency with settlement and transaction value for global users; second, they are born and widely used in regions with underdeveloped financial infrastructure. Therefore, the real demand for stablecoins primarily comes from emerging markets rather than developed countries with well-established financial systems. In terms of practical application, Christian emphasized that the greatest value of stablecoins lies in the reconstruction of payment and settlement efficiency. Compared to the traditional banking system, which incurs costs of $30–50 per transaction and has a connection cycle of several weeks, current on-chain transaction costs have dropped to a few dollars, making micropayments and high-frequency settlements possible. He cited Infini's product as an example, stating that users can generate a stablecoin payment link within a minute without any coding skills and quickly distribute it across various social or business scenarios, enabling instant payments globally. This model is nearly impossible to achieve in the traditional financial system, as businesses typically face lengthy account opening and payment integration processes.

Infini Founder Christian: The Essence of Stablecoins is as a 'Dollar Substitute', Core Demand Arises from Underdeveloped Financial Markets

On April 21, Ethereum co-founder Vitalik Buterin and Ethereum Foundation Chair Aya Miyaguchi attended the opening ceremony of the Ethereum Community Center in Hong Kong (ETH HK Hub) and engaged in a fireside chat with Hong Kong Legislative Council member Kenneth Leung. This marks the first visit for both Vitalik and Aya to the ETH HK Hub. The establishment of the Ethereum Community Center in Hong Kong not only signifies the opening of a physical space but also represents a milestone for Chinese developers stepping onto the global stage. This visit continues the Ethereum Foundation's and the Ethereum ecosystem's commitment to the Asia-Pacific community and further solidifies Hong Kong's critical position in the global Ethereum landscape.

[Vitalik and Ethereum Foundation Chair Aya Miyaguchi Attend ETH HK Hub Opening Ceremony]On April 21, Ethereum co-founder Vitalik Buterin and Ethereum Foundation Chair Aya Miyaguchi attended the opening ceremony of the Ethereum Community Center in Hong Kong (ETH HK Hub) and engaged in a fireside chat with Hong Kong Legislative Council member Kenneth Leung. This marks the first visit for both Vitalik and Aya to the ETH HK Hub. The establishment of the Ethereum Community Center in Hong Kong not only signifies the opening of a physical space but also represents a milestone for Chinese developers stepping onto the global stage. This visit continues the Ethereum Foundation's and the Ethereum ecosystem's commitment to the Asia-Pacific community and further solidifies Hong Kong's critical position in the global Ethereum landscape.

Vitalik and Ethereum Foundation Chair Aya Miyaguchi Attend ETH HK Hub Opening Ceremony

On April 21, the State Council issued the 'Opinions on Promoting the Expansion and Quality Improvement of the Service Industry.' It mentioned the in-depth implementation of the industrial internet innovation development project. The plan includes advancing the industrial data foundation action, cultivating data cooperation alliances, and building a number of high-quality industry data sets. It aims to develop professional services such as data labeling and certification, and explore the establishment of classification and grading mechanisms for data rights confirmation, assessment, and pricing. The orderly advancement of computing power layout and edge computing construction is emphasized, along with the improvement of the intelligent computing cloud service system. The application of urban information modeling platforms and building information modeling technology will be accelerated.

[State Council: Gradually Advance Computing Power Layout and Edge Computing Construction, Improve Intelligent Computing Cloud Service System]On April 21, the State Council issued the 'Opinions on Promoting the Expansion and Quality Improvement of the Service Industry.' It mentioned the in-depth implementation of the industrial internet innovation development project. The plan includes advancing the industrial data foundation action, cultivating data cooperation alliances, and building a number of high-quality industry data sets. It aims to develop professional services such as data labeling and certification, and explore the establishment of classification and grading mechanisms for data rights confirmation, assessment, and pricing. The orderly advancement of computing power layout and edge computing construction is emphasized, along with the improvement of the intelligent computing cloud service system. The application of urban information modeling platforms and building information modeling technology will be accelerated.

State Council: Gradually Advance Computing Power Layout and Edge Computing Construction, Improve Intelligent Computing Cloud Service System

Sui ecological DEX Cetus Launchpad has ended, attracting a total of more than 108 million SUI participation.
According to the information on the relevant page, the IDO hard cap is 800,000 SUI, and each CETUS is priced at 0.04 SUI, supplying 2% of the total token to the market, 70% of the SUI raised will be used as initial liquidity, 30% of the SUI used as xCETUS staking rewards.

Detail

【Sui ecological DEX Cetus Launchpad has ended, attracting a total of 108 million SUI participation】Sui ecological DEX Cetus Launchpad has ended, attracting a total of more than 108 million SUI participation.
According to the information on the relevant page, the IDO hard cap is 800,000 SUI, and each CETUS is priced at 0.04 SUI, supplying 2% of the total token to the market, 70% of the SUI raised will be used as initial liquidity, 30% of the SUI used as xCETUS staking rewards.

Sui ecological DEX Cetus Launchpad has ended, attracting a total of 108 million SUI participation

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Article

Sui ecological DEX Cetus Launchpad has ended, attracting a total of 108 million SUI participation

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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