The Old Chives' Crypto Breakfast | April 21

1. Spot gold opened down more than 1% at one point, breaking below the 4740 level, then recovered some losses, closing down 0.28% at $4,820.72 per ounce; spot silver gapped lower at open, trading with fluctuations, closing down 1.56% at $79.71 per ounce.

2. The outlook for the US-Iran peace talks is uncertain. International oil prices gapped higher on Monday. After WTI crude oil opened up 5%, it traded in a high-range consolidation, closing up 1.91% at $88.55 per barrel; Brent crude oil closed up 2.51% at $90.39 per barrel.

3. Trump said it is highly unlikely to extend the ceasefire agreement with Iran. Vance will travel to Pakistan on Monday evening. The Strait of Hormuz will not be opened before the agreement is signed. The ceasefire agreement will expire on the evening of the 22nd Washington time. Meanwhile, considering Pakistan’s suggestions of an Iran blockade, he denies being dragged into the conflict by Israel.

4. Iran’s Ministry of Foreign Affairs said there are currently no plans for a second round of negotiations with the United States. It did not mention transferring enriched uranium. It will not unilaterally restore passage through the Strait of Hormuz. Iranian media said the decision not to participate in negotiations remains unchanged.

5. A Federal Reserve nominee, Woush, pledged to uphold the independence of monetary policy, believing that statements by government officials do not constitute a substantive threat.

6. DeFi TVL fell 7.81% over the past 24 hours to about $85.6 billion. A cross-chain bridge theft involving Kelp DAO triggered a chain reaction of withdrawals, with lending protocols such as Aave seeing more than $8.4 billion in outflows over 48 hours.

7. MicroStrategy increased its holdings by 34,164 BTC, worth about $2.5 billion; BitMine bought 101,627 ETH, worth about $235 million; Morgan Stanley’s Bitcoin ETF added 215 units, and BlackRock’s Bitcoin ETF added 3,372 units.

8. Aave deposits saw large outflows, with TVL down 12.16% over the past 24 hours.

9. Lido’s TVL remained relatively stable, down slightly by 0.38% over the past 24 hours, and stETH is still the leading liquid staking asset.

10. OpenAI was down across the board for 4 hours overnight, with ChatGPT, Codex, and API services all interrupted simultaneously.

11. Moon of Darkness open-sourced Kimi K2.6, and multiple programming test metrics surpassed those of the closed-source flagship models.

12. Apple announced management changes: Ternas took over as CEO, and Cook was appointed Executive Chairman.

Bitcoin Market Analysis

Bitcoin’s short-term pullback is nearing the end. If it holds above 77,000, the next key resistance to watch is around 85,000. This week, focus on the progress of crypto regulation bills; under pressure from multiple sides, the latest developments may be on the way. Institutions have continued large-scale buying. Yesterday, MicroStrategy again spent more than $2 billion to increase BTC holdings, and buying support is strong. If there is no unexpected major negative development, there is limited room for a large-scale correction on the chart, and the medium-term trend is leaning upward.

【Risk Warning】Digital asset prices can fluctuate dramatically, and investment risk is extremely high. This does not constitute investment advice. Please assess your risk tolerance rationally, participate cautiously, strictly control your position size, never go all-in “YOLO,” and avoid borrowing and high-leverage trading.
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