4.24 AI Daily Crypto Assets Market Highlights Are Abundant Regulatory Policies Continue to Advance

1. Headlines

1. Trump's "TRUMP Banquet" triggers a surge in tokens, leading a new trend in Meme coins.

Trump announced that he will host the "TRUMP Gala" dinner, inviting the first 220 token holders to dine with him. As soon as the news broke, the price of the TRUMP token skyrocketed by more than 40% within 24 hours, briefly breaking the $16 barrier.

This event aims to provide an exclusive experience for TRUMP token holders. The first 25 holders will have the privilege of a private meeting with Trump and a tour of the White House. Participants must pass a background check and are not allowed to bring guests. The organizers reserve the right to change the rules or for Trump to be absent, in which case the holders will receive a limited edition NFT.

Analysts believe that this move not only stimulates the demand for TRUMP tokens but also highlights the influence of celebrity effects in the Meme coin market. Trump, with his personal charm, has packaged the product, igniting purchasing desire and mitigating risks, showcasing his superb skills in the marketing field. As Meme coins continue to gain popularity, it is expected that more celebrity effect projects will emerge in the future, leading a new trend in the cryptocurrency space.

2. Nvidia prohibits cryptocurrency startups from obtaining support, leaning towards artificial intelligence.

The renowned chip manufacturer Nvidia has quietly excluded cryptocurrency startups from its Inception accelerator program, focusing instead on supporting AI-based startups. Eligible companies will receive support such as AI training, guidance, discounts on Nvidia products, and access to a network of venture capital firms.

The analysis indicates that this decision reflects NVIDIA's optimism about the prospects of artificial intelligence, while also reflecting the current sluggish state of the cryptocurrency industry. With the widespread application of artificial intelligence technology across various fields, NVIDIA intends to leverage the Inception program to nurture more innovative AI companies and consolidate its leading position in the artificial intelligence chip market.

Cryptocurrency companies find it difficult to gain strong support from mainstream technology companies due to factors such as regulatory uncertainty and limited application scenarios. In the future, for the cryptocurrency industry to regain vitality, it must achieve breakthroughs in technological innovation and compliance operations in order to gain mainstream recognition.

3. Russia plans to launch a cryptocurrency trading platform for high-quality investors.

The Russian Ministry of Finance and the Central Bank plan to launch a cryptocurrency trading platform for "qualified investors" within the next six months. Russian Finance Minister Anton Siluanov stated that this will legalize crypto assets and bring crypto operations out of the shadows.

Analysis suggests that this measure aims to achieve transparency in the cryptocurrency market and attract institutional investors to participate. The Russian government hopes to mitigate the risks posed by retail speculation by regulating high-quality investors in crypto trading, while also paving the way for the future legalization of cryptocurrencies.

However, there is still uncertainty regarding Russia's cryptocurrency regulatory policy. On one hand, the Central Bank of Russia has repeatedly called for a ban on cryptocurrency-related activities; on the other hand, the Russian government hopes to use cryptocurrencies to circumvent Western sanctions. The future direction of Russia's cryptocurrency policy will depend on the outcome of internal power struggles.

4. Bitcoin miners successfully recovered $2.7 million worth of stolen cryptocurrency hardware.

In a major victory against organized crime, the Los Angeles Police Department successfully recovered a large batch of stolen goods, including a significant number of high-value Bitcoin mining machines. This operation highlights the growing intersection between traditional crime and the digital world.

Analysis indicates that as the value of cryptocurrencies continues to rise, cases of theft of cryptocurrency devices and assets are also increasing. Hackers use cyber attack methods to steal crypto assets, while thieves directly steal physical mining machines and other hardware devices. Both methods pose security risks to the cryptocurrency ecosystem.

At the same time, law enforcement agencies are increasing their efforts to crack down on crime, striving to recover stolen cryptocurrency assets through interdepartmental cooperation and new technological means. In the future, the issue of cryptocurrency security will be a top priority for the industry, requiring the joint efforts of the entire ecosystem to strengthen technical protection, improve laws and regulations, and create a safer and more reliable cryptocurrency environment.

5. Ministry of Commerce of China: The U.S. should remove unilateral tariff measures against China

He Yadong, spokesperson for the Ministry of Commerce of China, responded to the U.S. side's statement on "tariff easing" at a regular press conference, stating that the U.S. side's excessive imposition of tariffs violates fundamental economic laws, not only does it fail to help solve the U.S. problems, but it also seriously undermines the international economic and trade order, disrupting normal production and operation of enterprises and the consumption of the people.

He Yadong emphasized that solving the problem requires the U.S. side to heed the rational voices of the international community and various domestic parties, completely eliminate all unilateral tariff measures against China, and find a way to resolve differences through equal dialogue.

Analysts point out that the differences between China and the United States on trade issues have a long history, with significant disparities in both sides' interests. The U.S. side's insistence on increasing tariffs not only exacerbates the tensions between the two countries but could also trigger a global trade war, harming the interests of various countries. China's call for resolving differences through dialogue and consultation reflects a rational and pragmatic attitude.

In the future, whether China and the United States can reach a consensus on trade issues will have a profound impact on the global economic landscape. Both sides need to adhere to the principles of mutual respect and win-win cooperation, and through continuous dialogue, properly resolve differences to maintain the stability and certainty of the global trading system.

2. Industry Data

1. coin (BTC)

The recent transaction price of the coin is $94,092.5000, with a daily increase of +6.3000%.

2. Ethereum (ETH)

Ethereum's recent transaction price is $1791.1000, with an intraday increase of +10.5000%.

3.

The recent transaction price is $9.3630, with a daily increase of +10.5000%.

4. SUI

The recent transaction price of SUI is $2.9437, with a daily increase of +28.8000%.

5. GT

The recent transaction price of GT is $24.1420, with a daily increase of +4.0999%.

3. Industry News

1. Bitcoin breaks through the $94,000 mark, triggering market euphoria.

The price of Bitcoin broke through the $94,000 mark on April 22, reaching a nearly two-month high. This strong rebound was primarily driven by substantial purchases from institutional investors. Data shows that the U.S. spot Bitcoin ETF recorded a record inflow of $912.7 million on that day.

Analysts believe that the recent strength of Bitcoin is mainly due to the improvement in the macroeconomic environment. As inflationary pressures ease and expectations for a slowdown in the Federal Reserve's interest rate hikes increase, investors' preference for risk assets has rebounded. Meanwhile, Bitcoin, as a new type of digital asset, has attracted more attention from institutional investors due to its characteristics that are independent of the traditional financial system.

However, some analysts are cautious about the future of Bitcoin. They point out that the price of Bitcoin is facing a significant resistance level around $97,000, and if 392,000 Bitcoins are sold at this level, it could trigger market turbulence. Therefore, investors need to closely monitor Bitcoin's performance at this level.

Overall, Bitcoin is expected to continue its upward trend in the short term, but investors should also be wary of potential volatility. In this case, it is crucial to diversify investments and control risks.

2. The Ethereum Pectra upgrade is approaching, and the ecological development prospects are attracting much attention.

Ethereum is set to undergo a major upgrade, Pectra, on May 7, sparking heated discussions in the market about its future development prospects. The Pectra upgrade will bring several improvements to Ethereum, including account system optimization, enhanced validator experience, and support for second-layer scaling.

Analysts believe that the Pectra upgrade is expected to enhance the performance and usability of Ethereum, giving it a greater advantage in the fierce competition among public chains. However, the Ethereum ecosystem currently also faces some challenges, such as a lack of innovation and high transaction fees.

The continuous selling of ETH by the Ethereum Foundation has raised concerns among holders, and there has also been a capital outflow from spot Ethereum ETFs. Some investors question whether the Ethereum Foundation's funds can sustain the long-term development of Ethereum. Meanwhile, Solana and second-layer scaling solutions are attracting trading volume, and Ethereum needs to highlight its own advantages.

However, the Pectra upgrade may bring new hope for Ethereum. If the upgrade goes smoothly, Ethereum will see improvements in both performance and ecosystem development, thereby enhancing its competitiveness in the public chain arena. Investors should closely monitor the progress of the upgrade and its impact.

3. TRUMP token surges, Trump marketing tactics reappear

The Trump-themed meme coin TRUMP saw a surge in price after it was announced that the "TRUMP Gala Dinner" would be held. The top 220 investors by holding amount will have the opportunity to dine with Trump, and the top 25 will also get to attend an exclusive reception and White House tour.

Analysts point out that this marketing tactic once again showcases Trump's ability to leverage personal charm and scarcity to package products and stimulate the desire to purchase. Through baits such as dinner parties and VIP treatment, he successfully attracted the attention of speculators and fans.

The TRUMP token surged by 73% within just 30 minutes after the announcement, and trading volume also saw a significant increase. However, this marketing model that relies on celebrity effects also carries risks. If Trump is absent or events are canceled, the token price may experience extreme volatility.

Overall, Trump's marketing strategy, while effective, also highlights the speculation and uncertainty in the Meme coin market. Investors need to remain highly vigilant about such tokens and carefully assess their real value and long-term development prospects.

4. AI cryptocurrency has sparked heated discussions, with opportunities and challenges coexisting.

With the continuous development of artificial intelligence (AI) technology, AI cryptocurrency projects have recently attracted widespread attention in the market. Some representative projects such as ARC, VIRTUAL, and TRAC performed actively at the end of April, with prices showing varying degrees of increase.

Analysts believe that the rise of AI cryptocurrencies is mainly benefiting from two factors: first, the broad application prospects of AI technology in the financial sector, and second, the cryptocurrency market's enthusiasm for innovative projects. AI technology is expected to improve trading efficiency, optimize investment strategies, etc., and thus has gained favor with investors.

However, AI cryptocurrencies also face numerous challenges. First is the difficulty of technical implementation; currently, the application of AI in the financial sector is still in its early stages. Secondly, there is regulatory pressure, as some countries are cautious about the use of AI technology in finance. In addition, AI cryptocurrency projects often lack practical application scenarios, which presents a certain risk of bubble.

Overall, AI cryptocurrencies represent an innovative attempt in the field of cryptocurrencies, with certain development potential. However, while investors are chasing new emerging sectors, they also need to have a sufficient understanding of the project's real value and technological strength, and manage investment risks well.

4. Project News

1. Ant Financial's open-source virtual machine DTVM, seamlessly compatible with the Ethereum ecosystem.

The DTVM blockchain virtual machine, jointly developed by the core technology teams of Ant Chain, Ant Group Supercomputing, and Pharos under Ant Financial, has officially been open-sourced. DTVM achieves approximately 30 times performance improvement through an innovative JIT engine and full-chain optimization, setting a new industry benchmark.

DTVM is committed to tackling core challenges such as performance bottlenecks, determinism assurance, and ecological compatibility in blockchain networks, aiming to provide developers with a more efficient development experience. It is seamlessly compatible with the Ethereum ecosystem, can directly run Ethereum smart contracts, and supports EVM-compatible programming languages such as Solidity.

The open source of the project will drive breakthroughs in high performance and multi-ecosystem compatibility, bringing new development opportunities to the ecosystem. Industry insiders believe that DTVM is expected to become an important component of blockchain infrastructure, injecting new vitality into the ecosystem.

Many institutions and experts have welcomed DTVM. It is reported that several projects plan to carry out related businesses based on DTVM, looking forward to providing a better experience for the ecosystem.

2. The Sui ecosystem continues to heat up, and the Move system has become the new focus.

During the TOKEN2049 conference, the Move language ecosystem Sui became a focal point of attention. The Sui Builder House was also one of the most popular activities leading up to the conference.

Sui is a brand new blockchain, founded by former employees of Meta(Facebook), and it uses the Move programming language to write smart contracts. With its outstanding performance, scalability, and developer-friendliness, Sui has attracted a large influx of developers and funds.

Multiple analysts believe that the rise of Sui is related to the saturation of the Solana ecosystem. For developers and speculators who think that the Solana ecosystem has become overcrowded, Sui has become a new outlet. The correlation between the Move language and Rust also makes it easier for Solana ecosystem projects to migrate to Sui.

In addition, Sui's technical strength has been recognized by industry insiders. Compared to Aptos, which is also part of the Move ecosystem, many people believe that Sui's technology and documentation writing are superior.

Overall, the continued warming of the Sui ecosystem reflects the industry's demand for high-performance blockchains. The Move system is expected to become the next trend, leading a new wave of innovation in blockchain technology.

3. Ecology remains an unsolved mystery, entrepreneurs seek breakthroughs.

During the TOKEN2049 conference, the ecological track once again became a focal topic. Despite numerous attempts prior, there has still been no substantial breakthrough in ecology.

Ecosystems are viewed as the key to achieving large-scale applications of blockchain, but most current projects are still in their early stages. The main issues include lack of attractiveness, poor user experience, and flaws in business models.

Multiple entrepreneurs shared their thoughts on the ecosystem at the conference. Founder Yawn proposed that how to design an interesting social experience through the "Connect to Earn" model while avoiding the collapse of the ecological economy is a topic that needs further exploration.

Some entrepreneurs are beginning to explore the integration of AI technology into the ecosystem. They hope to enhance user experience through AI empowerment and achieve a deep integration of social interaction and content creation.

Overall, the ecosystem is still a realm full of imagination. Despite the uncertain prospects, new participants continue to join the ranks of innovation, striving for a breakthrough.

4. AI and Meme Tracks Spark Industry Discussion

At the TOKEN2049 conference, AI and the Meme track became hot topics, sparking widespread discussion both within and outside the industry.

On one hand, AI is seen as the next windfall, expected to drive the ecosystem towards a qualitative leap. A large number of traditional AI companies and talents are turning to entrepreneurship, giving rise to emerging forces such as Gensyn and Hyperbolic.

On the other hand, the popularity of the Meme sector is unexpectedly high. The AI Meme project DARK in the Solana ecosystem saw its market cap exceed $47 million at one point. However, on-chain analysis shows that its token distribution is highly concentrated, which may raise suspicions of manipulation.

Multiple investors are cautious about the current AI and Meme projects. First-level investor Romeo bluntly stated that 98% of AI+ applications are currently of a "Meme" nature and have not yet demonstrated true innovative value.

Overall, AI and the Meme sector have sparked heated discussions within the industry. Some people are full of expectations for its future prospects, while others are skeptical about it. Regardless, these two sectors will continue to attract attention for some time to come.

5. Economic Dynamics

1. The Federal Reserve's Beige Book shows moderate economic growth but increasing uncertainty.

Economic Background: The overall US economy continues to show moderate growth. The latest data indicates that GDP grew by 1.1% in the first quarter, slightly below expectations. The inflation rate fell to 5% in March, but it remains above the Federal Reserve's target level of 2%. The job market remains strong, with the unemployment rate holding steady at a low of 3.6%.

Important Event: The latest Beige Book report released by the Federal Reserve shows that although economic activity is growing moderately, the uncertainty of trade policies has exacerbated the uncertainty of the outlook. The report points out that the economic outlook has worsened in several regions, partly due to the rising uncertainty caused by tariffs and other factors. This reflects the negative impact of the trade protectionist policies implemented by the Trump administration on the economy.

Market Reaction: Investors are reacting cautiously to the contents of the Beige Book report. U.S. stocks have slightly declined, reflecting concerns about the economic outlook. Bond yields have dropped, indicating that investors are seeking safe-haven assets. The U.S. dollar index has slightly risen as the market expects the Federal Reserve to slow down its pace of interest rate hikes. Overall, confidence in the economic growth outlook has weakened.

Expert Opinion: Jan Hatzius, Chief Economist at Goldman Sachs, stated that the uncertainty of trade policies is a major risk facing the current economy. He believes that if trade tensions continue to escalate, it will negatively affect business investment and employment, thereby dragging down economic growth. Bank of America Merrill Lynch economist Michelle Meyer pointed out that despite the strong economic fundamentals, the rise in uncertainty casts a shadow over the economic outlook. She expects the Federal Reserve to pause interest rate hikes this year.

6. Regulation & Policy

1. The Russian Ministry of Finance and the Central Bank plan to launch a cryptocurrency exchange for affluent investors.

Policy Background: The Russian government has been exploring ways to incorporate cryptocurrencies into a regulatory framework. The Ministry of Finance and the Central Bank of Russia, as the main regulatory agencies, play a key role in promoting the formulation of relevant policies. This plan to launch a cryptocurrency exchange aims to provide high-net-worth investors with a legitimate channel for trading crypto assets while enhancing market regulation.

Policy Content: According to local media reports, the Russian Ministry of Finance and the Central Bank plan to launch a cryptocurrency exchange exclusively for qualified investors within the next six months. The exchange will operate under a pilot legal framework, allowing foreign trade participants to use cryptocurrency for transaction settlements. The system will come into effect in September 2024, providing a legal avenue for digital asset trading.

Market Reaction: This move is seen as an important step by the Russian government to officially bring cryptocurrencies under regulatory oversight. Industry insiders believe that this will increase transparency in the cryptocurrency market, establish service standards, and provide more investment opportunities for high-risk investors. However, there are also concerns that targeting only wealthy investors may exacerbate inequalities in the cryptocurrency market.

Expert Opinion: Alexander Blagov, the chairman of the Russian Cryptocurrency Association, stated that this initiative will legalize crypto assets and bring crypto operations out of the shadows. He believes that this will create a favorable environment for the development of the Russian cryptocurrency industry. However, some experts caution that regulatory agencies need to establish comprehensive rules to prevent money laundering and other illegal activities.

2. The Kuwaiti Ministry of Interior has issued a ban: Unauthorized cryptocurrency mining will be considered illegal.

Policy Background: In recent years, cryptocurrency mining activities have rapidly increased in the Kuwait region, leading to a significant rise in power consumption. To maintain the security of power infrastructure, the Kuwaiti Ministry of Interior, in conjunction with multiple government departments, has issued a ban aimed at curbing unauthorized cryptocurrency mining activities.

Policy Content: The Kuwaiti Ministry of Interior issued a statement on April 22, announcing that cryptocurrency mining is illegal, stating that it violates multiple laws of the country and puts pressure on the electrical infrastructure. This ban involves laws such as the "Amendment No. 31 of 1970 Penal Code", "Regulation Law No. 37 of 2014 on Communications and Information Technology", "Industrial Law No. 56 of 1996", and "Municipal Regulation No. 33 of 2016". The Ministry of Interior pointed out that unauthorized cryptocurrency mining leads to "excessive consumption of electrical energy, increasing the load on the public grid", causing power outages in residential, commercial, and industrial areas, and affecting the supply of basic services. Authorities require relevant mining entities to "immediately rectify", and emphasize that legal measures will be taken against violators.

Market Reaction: This move has sparked dissatisfaction among cryptocurrency miners, who believe that the government should adopt a more open attitude to create a favorable environment for the development of the cryptocurrency industry. However, some agree with the government's approach, asserting that maintaining the stability of power supply is crucial.

Expert Opinion: Abdullah Al-Shab, an economics professor at Kuwait University, stated that cryptocurrency mining does lead to a surge in electricity demand, affecting the stable operation of the national power grid. He believes that the government needs to take measures to regulate mining activities, but should also leave room for legitimate cryptocurrency activities.

3. The Dubai Virtual Assets Regulatory Authority issues a warning: It is strictly prohibited for companies to falsely promote participation in the real estate tokenization pilot.

Policy Background: The Dubai government is actively exploring the application of blockchain technology in the real estate sector to improve transaction efficiency and transparency. On March 19, the Dubai Land Department (DLD) launched the "Real Estate Tokenization Project" pilot, aimed at tokenizing real estate assets. To maintain the credibility of the pilot project, the Dubai Virtual Assets Regulatory Authority (VARA) issued a warning prohibiting any unauthorized companies from falsely promoting participation in the project.

Policy Content: VARA issued a notice on April 23, emphasizing that no enterprise may claim to participate in the "DLD Real Estate Tokenization Project" pilot, except for entities explicitly approved by VARA and DLD. VARA pointed out that unauthorized participants are suspected of engaging in illegal virtual asset activities or violating related regulations such as marketing, and will face enforcement measures including fines and market bans. VARA reminds users to verify the qualifications of platforms through the official website to avoid falling into high-risk unauthorized project traps.

Market Reaction: Industry insiders generally believe that VARA's warning helps to maintain the credibility of pilot projects and prevents criminals from taking advantage of the situation to commit fraud. However, some are concerned that overly strict regulation may hinder the innovative application of blockchain technology in the real estate sector.

Expert Opinion: Khalid Ali Ibn Saleh, CEO of the Dubai Blockchain Center, stated that VARA's warning aims to protect investors from fraud while creating a favorable environment for legitimate businesses. He believes that moderate regulation is beneficial for the healthy development of blockchain technology in Dubai. However, some experts remind that regulatory agencies need to maintain an open and inclusive attitude to leave space for innovation.