Pre-market Crypto Stock and Tech Stock Surge in US Stock Market, MicroStrategy Up by 1.93%

On April 22nd, the President of the European Central Bank, Lagarde, stated in an interview that both Powell and she are accustomed to political pressure. She has great respect for them and believes that Powell will not be dismissed. Regarding the economic situation, Lagarde stated that tariffs have a negative impact on economic growth. The European Central Bank will rely heavily on data performance in its decision-making. There is room for negotiation between Europe and Trump. It is expected that the inflation rate will reach the ECB's 2% target by 2025, and economic growth faces downside risks. (FXStreet)

On April 22nd, as reported by CoinDesk, Ivan Soto-Wright, the CEO of the crypto payment infrastructure company MoonPay, asserted that cryptocurrency wallets will ultimately replace traditional bank accounts. Presently, MoonPay is progressing in a non-custodial and API-first direction, with the intention of offering developers Stripe-like plug-and-play infrastructure. In January of this year, MoonPay acquired the Solana-based crypto payment processor Helio for approximately $175 million. Soto-Wright disclosed that the company might launch a stablecoin product in the future.

On April 22nd, based on 8marketcap data, Bitcoin has overtaken the Vanguard Total Stock Market ETF and regained the eighth position in the global asset market cap ranking. The current market cap of Bitcoin is $1.791 trillion, with a 7-day growth rate of 5.4%.

April 22nd. The innovative Layer 2 network OpenZK, which is based on the ZK Rollup architecture, is scheduled to officially launch on April 24th at 6:00 PM on MEXC, BingX, LBank, and Coinstore. There are plans to list on more exchanges next week. The official team disclosed that OpenZK will make two significant announcements on April 30th and May 7th. Constructed upon high-performance L2 capabilities, the OpenZK Network innovatively combines ETH staking, restaking, and stablecoin modules. It supports a multi-layered asset incentive mechanism, provides a fast and low-cost transaction experience, and empowers the scalability of Web3 applications such as DeFi, NFTs, gaming, and DEX.

On April 22nd, based on CoinGecko data, with Bitcoin reclaiming the $90,000 level and reaching a nearly seven-week high, the total market capitalization of cryptocurrencies rose to $2.915 trillion, showing a 0.9% increase in the past 24 hours. However, as of the day when Trump began his second term in office (January 20th), when the total market capitalization of cryptocurrencies was $3.621 trillion, it still needs to increase by 24.2% in total to recover from the decline.

On April 22nd, according to TheBlock, the Federal Court of Australia has reversed a previous unfavorable ruling against the cryptocurrency lending platform Block Earner. The court determined that its cryptocurrency-backed Earner product did not violate local financial regulations. It was ruled that Block Earner's blockchain lending product is a fixed-term loan agreement and not a regulated financial investment product that requires a license. The court not only dismissed all the charges brought by the Australian Securities and Investments Commission (ASIC) but also ordered ASIC to bear all the litigation costs of the trial and the appeal. This three-year legal dispute started in November 2022 when ASIC accused Block Earner of violating Australian financial services law. Despite this legal victory, it has been reported that Block Earner currently has no intention of relaunching the Earner product in the Australian market.