Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

April 21st — On-chain analyst Ai Auntie (@ai_9684xtpa) notes that Solana’s well-known meme trader Cooker (@CookerFlips) has been continuously scalping the ASTEROID token. Around 10 AM today, amid FUD, Cooker sold roughly $160k worth of ASTEROID between $0.0002714 and $0.0003161, triggering a temporary price dip to $0.0002. Subsequently, the trader tweeted that the “FUD impact was less than expected” and bought back 1.78 billion ASTEROID tokens between $0.000359 and $0.00048.

April 21 — Official sources confirm that Bithumb, South Korea’s second-largest cryptocurrency exchange, will list CHIP and support KRW (South Korean won) trading pairs for the token.

On April 21, cryptocurrency market analyst Axel noted Bitcoin’s 30-day net flow turned negative in early March, peaking at an outflow of 300,000 BTC on March 25. As of April 21, the net outflow remains -98,000 BTC. Over the same period, BTC reserves on exchanges dropped from 2.786 million to 2.681 million—posting a seven-week consecutive decline with a total reduction of over 105,000 BTC. Notably, there was no panic inflow during Bitcoin’s April price pullback, indicating tokens are continuing to settle with long-term holders. The current trend is seen as a signal of coordinated accumulation, though investors should be cautious about the potential risk of net flow turning positive.

April 21st — Lion Global Investors, the asset management arm of Singapore’s OCBC Bank (one of the country’s largest lenders), has launched a tokenized physical gold fund. Its underlying token, GOLDX, is now live on both the Ethereum and Solana blockchains. Targeted at institutional investors, hedge funds, and asset management firms, GOLDX can be traded with stablecoins and fiat currencies. Upon subscription, tokens are delivered directly to investors’ blockchain wallets. OCBC Head of Global Markets Kenneth Lai noted the move aligns with the bank’s new strategy to “bridge traditional finance and the growing decentralized finance (DeFi) ecosystem.” The tokenized fund is also designed to attract Web3 participants and high-net-worth individuals (HNWIs). GOLDX offers on-chain exposure to LionGlobal’s Singapore Physical Gold Fund, which launched in December 2023 and held ~$525 million in assets under management (AUM) as of April 16. Industry data shows tokenized real-world assets (R

**April 21st Update** Per Coinglass data, Coinbase’s Bitcoin Premium Index has stayed positive for 12 straight days, currently at 0.04%. U.S. market buying sentiment continues to strengthen, following a 15-day stretch of negative premiums. **BlockBeats Note** The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key gauge for monitoring U.S. capital inflows, institutional investment interest, and shifts in market sentiment. - **Positive Premium**: Coinbase’s price exceeds the global average, often signaling strong U.S. buying pressure, active inflows from institutions or compliant funds, ample USD liquidity, and a moderately optimistic outlook. - **Negative Premium**: Coinbase’s price falls below the global average, typically reflecting heavy U.S. selling pressure, reduced investor risk appetite, increased risk aversion, or capital outflows.

April 21st — At the offline event *Decoding Web 4.0: When AI Agents Take Over On-Chain Authority*, Junliang Shu, CTO of MuleRun (the world’s first self-evolving personal AI project), shared key insights on AI agents: From a product design lens, an AI agent should be viewed as a **personal assistant** — its core goal is to slash user costs and entry barriers via technology. Its capabilities map to a 4-module framework: - *Mouth (Interaction Ability)*: Shifting from traditional web/in-app text chats to multi-channel communication (Telegram, Discord, Lark, DingTalk, WeChat, etc.) for a “UI-less” natural experience. - *Eyes & Ears (Perception Ability)*, *Brain (Reasoning & Decision-Making)*, *Memory & Knowledge (Long-Term Learning)*: Each tied to distinct underlying tech systems. For core on-chain scenarios, MuleRun rolled out an infrastructure solution centered on **Fund Security Permissions** — including sandbox isolation, cloud-based execution, and end-to-end traceability — to