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QCP: Bitcoin and Gold are Emerging as Key Beneficiaries of Dollar Flight to Safety Assets

4 hours ago

On April 22nd, QCP released today's market observation which stated, "Gold has been maintaining a strong upward trend and broke through the $3,500 per ounce level during overnight trading. This trend highlights a general tendency of the market to withdraw from US stocks, bonds, and the dollar. This is mainly due to increased concerns about the independence of the Federal Reserve. With Trump continuously calling for interest rate cuts and speculation about his possible exploration of legal channels to remove Fed Chairman Powell, market anxiety has further intensified. Both digital assets and physical gold are showing an upward trend. The price of Bitcoin rose to its highest level since early April, driven by strong spot demand during the US trading session. Spot trading volume exceeded perpetual contracts. The premium on the Binance US trading platform reached a multi-month high. Bitcoin spot ETF net inflows reached $381.3 million, indicating a renewed interest from institutional investors. Bitcoin's performance during overnight trading further supports its decoupling narrative from the traditional market. As funds shift towards safe-haven and inflation-hedging assets, Bitcoin and gold are becoming the main beneficiaries of capital exiting dollar-denominated risk assets. The Bitcoin options market currently shows a continued bullish bias across all maturities. Meanwhile, stress is starting to emerge in the US credit market. According to Bloomberg, investment-grade credit default insurance costs rose to a one-week high, highlighting investor unease. With the standoff between Trump and the Federal Reserve potentially escalating, the market may need to prepare for further volatility. Currently, both gold and Bitcoin are showing resilience and standing out brightly in a market seeking safety assets."
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Binance will list the U-based HYPER perpetual contract with up to 75x leverage

On April 22nd, Binance will launch the U-based HYPER perpetual contract at 21:00 (UTC+8) on April 22, 2025, with a maximum leverage of up to 75x. In addition, Binance Savings, Buy Crypto with One Click, Swap, and Margin Trading will launch Hyperlane (HYPER). The HYPER Principal Protected Earn Coins Flexible Savings Product will become live at 21:00 (GMT+8) on April 22, 2025. Binance Cross Margin and Isolated Margin Trading will add HYPER as borrowable assets at 21:20 (GMT+8) on April 22, 2025, as well as HYPER/USDT and HYPER/USDC cross and isolated margin trading pairs.

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Goldman Sachs CEO: Trump's Trade Policy Has Slowed Economic Growth, Fed Expected to Gradually Cut Interest Rates This Year

April 22: The CEO of Goldman Sachs stated that with the implementation of Trump's trade policy, economic growth has decelerated. The market will continue to experience fluctuations until the trade policy is clarified. The postponement of tariffs heightens uncertainty. Tariffs will not be regarded as a factor leading to an economic recession. The changes in trade policy have transformed the market's consensus regarding future growth. The market anticipates that the Federal Reserve will gradually lower interest rates this year. Although the market is under pressure, it is by no means a crisis. (FX678)

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Bloomberg ETF Analyst: U.S. Stock Market Bottom-Feeding Buying Interest Clearly Slowing, ETF Fund Flows Indicate Elevated Anxiety

On April 22nd, Eric Balchunas, Bloomberg's senior ETF analyst, published a market analysis stating, "ETF fund flows once again indicate market anxiety: Gold, cash, and S&P 500 inverse ETFs all rank among the top five. The safe haven mode has been activated, and bottom-fishing buyers are clearly slowing down." "Yesterday, Bitcoin defied the downturn in the stock market, showing a negative correlation with the stock market over the past week and outperforming treasuries (once again demonstrating the unreliability of treasuries). Meanwhile, gold has been shining in the recent market. Obviously, this is a very short time frame, but if Bitcoin wants to be regarded as a true alternative asset, these small victories must also be seized."

7 minutes ago

Data: Ethereum ETF Net Inflow occurred on only 4 out of the past 42 trading days

On April 22nd, based on the data of K33 Research Director Vetle Lunde, from 2025 up to now, less than one-third of trading days have witnessed net inflows into the Ethereum spot ETF. Even more notably, during the past 42 trading days, there have only been 4 days with net inflows into the Ethereum ETF.

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Trump Media & Technology Group Finalizes Agreement to Launch Its Own Crypto ETF

On April 22nd, Trump Media & Technology Group (DJT.O) has reached the finalization of an ETF issuance agreement with Crypto.com and Yorkville America Digital. (Fx678) Previously reported by BlockBeats, on March 25th, Trump Media & Technology Group announced that it had reached a preliminary partnership agreement with the cryptocurrency exchange platform Crypto.com. They intended to jointly launch a series of ETFs and related products through their financial technology brand, Truth.Fi. The formal launch is anticipated to take place in 2025 and is subject to the signing of a final agreement and regulatory approval. The new fund will receive technological support from Crypto.com and custody of cryptocurrencies. It will cover cryptocurrencies such as Bitcoin, Cronos, and securities assets related to the "Made in America" theme across multiple industries including energy. TMTG plans to utilize up to $250 million of its own funds for investment, with the funds being held in custody by Charl

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Hyperlane (HYPER) Airdrop Claim Now Open

On April 22nd, the Hyperlane Foundation announced on social media that it has opened the HYPER claim for eligible users who completed registration during the pre-claim phase. The claiming period is from 20:00 (Beijing time) on April 22nd to 21:00 on May 22nd.

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