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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

On April 17, Greeks.live posted on social media, "April 17 options expiration data: 22,000 BTC options expired, with a Put Call Ratio of 1.05 and a maximum pain point of $72,000, representing a notional value of $1.65 billion. 100,000 ETH options expired, with a Put Call Ratio of 0.95 and a maximum pain point of $2,250, representing a notional value of $460 million. This week, the market continued to rebound, with Bitcoin fluctuating around $75,000, indicating a warming market, and some concepts showing significant increases. The market share of Bitcoin options has slightly decreased, while altcoin markets are recovering. In terms of holding periods, 70% of open positions in the options market are concentrated between April 24 and June 26, particularly around the key dates of late April and late May. From the main options data, the implied volatility (IV) for Bitcoin's primary expiration has significantly decreased this month, with most expirations dropping to around 40%, while ETH's primary expiration IV has also fallen to around 60%. This week, short-term IV has stabilized with a slight increase, while mid to long-term IV continues to decline. The skew has been rising, indicating a weakening bearish sentiment and the emergence of opportunities in the market. However, Bitcoin's performance in terms of price and popularity remains poor this year. Although this month's continued rebound shows some structural opportunities, indicators such as capital flow suggest that the cryptocurrency market still exhibits bearish characteristics.

[Greeks.live: Crypto Market Shows Signs of Recovery, Yet Indicators Reflect Bearish Trends]On April 17, Greeks.live posted on social media, "April 17 options expiration data: 22,000 BTC options expired, with a Put Call Ratio of 1.05 and a maximum pain point of $72,000, representing a notional value of $1.65 billion. 100,000 ETH options expired, with a Put Call Ratio of 0.95 and a maximum pain point of $2,250, representing a notional value of $460 million. This week, the market continued to rebound, with Bitcoin fluctuating around $75,000, indicating a warming market, and some concepts showing significant increases. The market share of Bitcoin options has slightly decreased, while altcoin markets are recovering. In terms of holding periods, 70% of open positions in the options market are concentrated between April 24 and June 26, particularly around the key dates of late April and late May. From the main options data, the implied volatility (IV) for Bitcoin's primary expiration has significantly decreased this month, with most expirations dropping to around 40%, while ETH's primary expiration IV has also fallen to around 60%. This week, short-term IV has stabilized with a slight increase, while mid to long-term IV continues to decline. The skew has been rising, indicating a weakening bearish sentiment and the emergence of opportunities in the market. However, Bitcoin's performance in terms of price and popularity remains poor this year. Although this month's continued rebound shows some structural opportunities, indicators such as capital flow suggest that the cryptocurrency market still exhibits bearish characteristics.

Greeks.live: Crypto Market Shows Signs of Recovery, Yet Indicators Reflect Bearish Trends

On April 17, according to HTX market data, Bitcoin has surpassed $75,000, with a 24-hour increase of 0.08%.

[Bitcoin Surpasses $75,000]On April 17, according to HTX market data, Bitcoin has surpassed $75,000, with a 24-hour increase of 0.08%.

Bitcoin Surpasses $75,000

On April 17, CoinDesk reported that Bitcoin is currently priced at $74,700, down 0.4% in the last 24 hours. News of ceasefire negotiations between the U.S. and Iran has boosted risk sentiment, with the S&P 500 index reaching an all-time high on Thursday. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran "look very optimistic," claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not confirmed these concessions. Meanwhile, the market is closely monitoring structural signals behind Bitcoin's price movements. Daniel Reis-Faria, CEO of ZeroStack, stated: "The funding rate is so negative, dropping to a new low since 2023, indicating that the market is heavily short. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, accelerating the price upward." He predicts that if the short base is squeezed out, Bitcoin could reach $125,000 within the next 30 to 60 days. On-chain analyst CryptoVizArt provided another perspective: the 'True Market Mean' (TMM) for Bitcoin shows that the average holding cost for active holders is currently above the market price, indicating that holders are overall at a loss. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (maximum decline of 57%, lasting 282 days) and the downturn following the Luna and FTX collapses from 2022 to 2023 (maximum decline of 56%, lasting 339 days). Analysts note that these two assessments are not mutually exclusive—the extreme negativity of the funding rate may trigger a short squeeze, while the overall losses of active holders represent structural pressure that can coexist. The future market direction may depend on whether the U.S.-Iran ceasefire can be sustained after its expiration next week.

[Analyst: Bitcoin Funding Rate Drops to New Low in 2023, May Trigger Short Squeeze, BTC Expected to Rise to $125,000]On April 17, CoinDesk reported that Bitcoin is currently priced at $74,700, down 0.4% in the last 24 hours. News of ceasefire negotiations between the U.S. and Iran has boosted risk sentiment, with the S&P 500 index reaching an all-time high on Thursday. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran "look very optimistic," claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not confirmed these concessions. Meanwhile, the market is closely monitoring structural signals behind Bitcoin's price movements. Daniel Reis-Faria, CEO of ZeroStack, stated: "The funding rate is so negative, dropping to a new low since 2023, indicating that the market is heavily short. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, accelerating the price upward." He predicts that if the short base is squeezed out, Bitcoin could reach $125,000 within the next 30 to 60 days. On-chain analyst CryptoVizArt provided another perspective: the 'True Market Mean' (TMM) for Bitcoin shows that the average holding cost for active holders is currently above the market price, indicating that holders are overall at a loss. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (maximum decline of 57%, lasting 282 days) and the downturn following the Luna and FTX collapses from 2022 to 2023 (maximum decline of 56%, lasting 339 days). Analysts note that these two assessments are not mutually exclusive—the extreme negativity of the funding rate may trigger a short squeeze, while the overall losses of active holders represent structural pressure that can coexist. The future market direction may depend on whether the U.S.-Iran ceasefire can be sustained after its expiration next week.

Analyst: Bitcoin Funding Rate Drops to New Low in 2023, May Trigger Short Squeeze, BTC Expected to Rise to $125,000

According to Beating monitoring, Elon Musk posted on X that 'Universal High Income' (UHI), funded by federal government checks, is the best way to address unemployment caused by AI. He believes that the products and services produced by AI and robots will far exceed the increase in the money supply, thus not triggering inflation. He has previously mentioned the concept of 'Universal Basic Income' (UBI) multiple times, but this time he explicitly used the term 'High Income', suggesting that the productivity explosion driven by AI will fundamentally change the logic of wealth distribution. In his view, the future economic bottleneck will no longer be production capacity, but rather how to ensure that the workforce that loses traditional jobs still has purchasing power. This perspective continues his vision of a 'post-scarcity era', where robotic labor (such as Tesla's Optimus) will drive down the cost of goods to extremely low levels, thereby supporting social welfare far exceeding the survival threshold.

[Musk: The Best Solution to AI-Induced Unemployment is 'Universal High Income', Productivity Surge Will Offset Inflation Risks]According to Beating monitoring, Elon Musk posted on X that 'Universal High Income' (UHI), funded by federal government checks, is the best way to address unemployment caused by AI. He believes that the products and services produced by AI and robots will far exceed the increase in the money supply, thus not triggering inflation. He has previously mentioned the concept of 'Universal Basic Income' (UBI) multiple times, but this time he explicitly used the term 'High Income', suggesting that the productivity explosion driven by AI will fundamentally change the logic of wealth distribution. In his view, the future economic bottleneck will no longer be production capacity, but rather how to ensure that the workforce that loses traditional jobs still has purchasing power. This perspective continues his vision of a 'post-scarcity era', where robotic labor (such as Tesla's Optimus) will drive down the cost of goods to extremely low levels, thereby supporting social welfare far exceeding the survival threshold.

Musk: The Best Solution to AI-Induced Unemployment is 'Universal High Income', Productivity Surge Will Offset Inflation Risks

On April 17, the Nikkei 225 index fell by 1.75%, closing at 58,475.90 points; the South Korean KOSPI index decreased by 0.55%, ending at 6,191.92 points. (Jin Shi)

[Japanese and South Korean Stock Markets Decline]On April 17, the Nikkei 225 index fell by 1.75%, closing at 58,475.90 points; the South Korean KOSPI index decreased by 0.55%, ending at 6,191.92 points. (Jin Shi)

Japanese and South Korean Stock Markets Decline

On April 17, Bitcoin was temporarily priced at $74,700, down 0.4% in 24 hours. News of a ceasefire negotiation between the U.S. and Iran boosted risk sentiment, leading the S&P 500 index to reach a record high for the week. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran 'look very optimistic,' claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not confirmed these concessions.

Meanwhile, the market is closely monitoring structural signals behind Bitcoin's price movements. ZeroStack CEO Daniel Reis-Faria noted, 'The funding rate is so negative that it indicates a heavily shorted market. If Bitcoin continues to rise in this context, a large number of short positions may be forced to liquidate, accelerating the price upward.' He predicts that if the short base is squeezed out, Bitcoin could reach $125,000 within the next 30 to 60 days.

On-chain analyst CryptoVizArt provided another perspective: the 'True Market Mean' (TMM) for Bitcoin shows that the average holding cost for active holders is currently above the market price, indicating that holders are overall at a loss. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (with a maximum decline of 57% over 282 days) and the downturn following the Luna and FTX collapses from 2022 to 2023 (with a maximum decline of 56% over 339 days).

Analysts point out that these two assessments are not mutually exclusive—the short squeeze triggered by the extremely negative funding rate and the structural pressure of overall losses among active holders can coexist. The former may trigger a significant rise, but ultimately, it could be absorbed by selling from the latter. The future market direction may depend on whether the ceasefire between the U.S. and Iran can be sustained after its expiration next week.

[Analyst: Bitcoin Funding Rate Drops to New Low in 2023, May Trigger Short Squeeze; BTC Expected to Rise to $125,000]On April 17, Bitcoin was temporarily priced at $74,700, down 0.4% in 24 hours. News of a ceasefire negotiation between the U.S. and Iran boosted risk sentiment, leading the S&P 500 index to reach a record high for the week. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran 'look very optimistic,' claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not confirmed these concessions.

Meanwhile, the market is closely monitoring structural signals behind Bitcoin's price movements. ZeroStack CEO Daniel Reis-Faria noted, 'The funding rate is so negative that it indicates a heavily shorted market. If Bitcoin continues to rise in this context, a large number of short positions may be forced to liquidate, accelerating the price upward.' He predicts that if the short base is squeezed out, Bitcoin could reach $125,000 within the next 30 to 60 days.

On-chain analyst CryptoVizArt provided another perspective: the 'True Market Mean' (TMM) for Bitcoin shows that the average holding cost for active holders is currently above the market price, indicating that holders are overall at a loss. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (with a maximum decline of 57% over 282 days) and the downturn following the Luna and FTX collapses from 2022 to 2023 (with a maximum decline of 56% over 339 days).

Analysts point out that these two assessments are not mutually exclusive—the short squeeze triggered by the extremely negative funding rate and the structural pressure of overall losses among active holders can coexist. The former may trigger a significant rise, but ultimately, it could be absorbed by selling from the latter. The future market direction may depend on whether the ceasefire between the U.S. and Iran can be sustained after its expiration next week.

Analyst: Bitcoin Funding Rate Drops to New Low in 2023, May Trigger Short Squeeze; BTC Expected to Rise to $125,000

On April 17, it was announced that Lobster.cash has partnered with Mastercard, allowing AI agents to make secure payments using existing Mastercard holders.

[Lobster.cash Partners with Mastercard]On April 17, it was announced that Lobster.cash has partnered with Mastercard, allowing AI agents to make secure payments using existing Mastercard holders.

Lobster.cash Partners with Mastercard

Mark Cuban, a prominent billionaire and tech mogul, has criticized the SEC's approach to regulating the cryptocurrency industry, pointing out their alleged hypocrisy in treating traditional stock loans differently from cryptocurrency assets. He called for a similar approach to be taken with crypto and suggested a thorough evaluation to determine which aspects should be classified as securities and how to regulate the industry to protect investors.

[Mark Cuban Calls Out SEC's Hypocrisy in Cryptocurrency Regulation]Mark Cuban, a prominent billionaire and tech mogul, has criticized the SEC's approach to regulating the cryptocurrency industry, pointing out their alleged hypocrisy in treating traditional stock loans differently from cryptocurrency assets. He called for a similar approach to be taken with crypto and suggested a thorough evaluation to determine which aspects should be classified as securities and how to regulate the industry to protect investors.

Mark Cuban Calls Out SEC's Hypocrisy in Cryptocurrency Regulation

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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.

edge currently trades at 1.1689 USDT, up 13.45% in 24h, according to HTX market data.

Mark Cuban Calls Out SEC's Hypocrisy in Cryptocurrency Regulation

Isenção de responsabilidade：O conteúdo acima não representa as posições da HTX.，A HTX não faz quaisquer recomendações de negociação.。

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