Trump: Powell Should Cut Interest Rates

On April 19th, based on @ai_9684xtpa's monitoring, within just five months, the "whale that spent $16.41 million amassing PNUT, ai16z, and arc" has now endured a total loss of $9.98 million, and its assets have shrunk by more than 60%. According to previous analyses, this address may pertain to Galaxy Digital, but it is currently unable to be confirmed whether it is a liquidity provider for the three tokens.

On April 19th, Glassnode released a post indicating that the Unspent Output Profit Ratio (SOPR) data of Bitcoin, standardized by drawdown, shows that short-term holders have already suffered a significant loss in this round of correction, a level comparable to the early stages of a bear market in past cycles. Bitcoin's long-term holders are still generally in a profitable state. However, as the bitcoins purchased at higher prices gradually "age" and transition into the category of long-term holdings, the market's ability to absorb losses may increase. Historically, this transition often indicates the confirmation of a bear market, although a similar market trend has not yet emerged.

April 19th. According to official information, KiloEx declared that its partner SlowMist has made two audit plans: 1. A full audit by SlowMist prior to KiloEx's relaunch: This audit is estimated to take approximately 45 days to guarantee comprehensive security coverage. 2. A preliminary permission audit by SlowMist: SlowMist will initially audit the protocol's permission mechanism to prevent incidents similar to the previous attack. KiloEx will determine whether to relaunch based on the outcomes of the preliminary permission audit. Subsequently, SlowMist will continue with a full audit of the protocol's logic and economic model. The required time is still being assessed but will be notably less than 45 days. KiloEx is aware of the community's eager desire for a relaunch, so it has decided to opt for option two - conducting an initial permission audit first. Once the audit results are obtained, KiloEx will promptly announce the timeline for the relaunch.

On April 19th, based on the data from official websites, the probability of "Powell being removed as Fed Chair in 2025" on Polymarket has increased to 22%.

April 19th. During a speech delivered at the White House on the 18th in the local time zone, Trump once again stated that Federal Reserve Chairman Powell ought to lower interest rates. Trump has been exerting pressure on Powell to cut rates for two consecutive days. US media reported that due to Powell's repeated refusals to cut rates, Trump has been privately discussing the matter of "firing" him for months. On Friday, when asked by White House economic advisor Hassett if removing Powell was an option, it was indicated that Trump and his team would continue to examine this matter. (FX168)

On April 19th, according to BTC.com data, the Bitcoin mining difficulty underwent a difficulty adjustment at block height 893,088 (at 17:13:37 Beijing time today), experiencing a 1.42% increase to 123.23 T and reaching a new all-time high; the current average network hash rate for the past seven days is 888.02 EH/s.