Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

April 23rd — KelpDAO announced in an official statement today that over the past few days, the team has been actively working to address the incident with support from partners, allies, and the community. Ongoing discussions are moving in a positive direction, and efforts are accelerating to reach a viable resolution. The project team emphasized its core "user-first" principle, noting it will roll out subsequent measures gradually, prioritizing the protection of all users’ interests. Over the past four days, the Kelp team has worked around the clock, collaborating closely with various stakeholders and making substantive progress on multiple potential resolutions. This includes the Arbitrum Security Council freezing the stolen funds, as well as SEAL 911 conducting a preliminary investigation to provide objective, clear analytical support for the situation. Kelp noted its current priority remains protecting users’ asset security and strengthening the protocol itself. This incident

April 23rd — Uzbekistan will launch a special cryptocurrency mining zone in Karakalpakstan, with mining income tax exemptions valid through 2035, per The Block. Named the “Besqala Mining Valley,” the zone covers the entire northwestern Uzbek region of Karakalpakstan, per a decree from President Shavkat Mirziyoyev. Core goals of the initiative include attracting investment, creating jobs, and expanding renewable energy use for crypto mining. Under the decree, mining operations in the zone may tap various renewable energy sources for power. Residents can sell mined cryptocurrency on local or overseas exchanges for cash or other tokens—but all proceeds from such sales must be deposited into banks within Uzbekistan.

On April 23, per Farside data, yesterday saw net inflows of $335.8 million into U.S. Bitcoin spot ETFs and $96.4 million into Ethereum ETFs.

April 23 — Per Hyperinsight monitoring, a whale address starting with 0x3bc opened a 25x leveraged ETH short position in the past three hours, with a size of $5.15 million and an average entry price of $2,343. After the position saw a ~10% floating loss, the address immediately placed a take-profit order to gradually close all short positions in the range from below ETH’s current average price down to $2,280. Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872

April 23 — On-chain analyst Ai (@ai_9684xtpa) notes a crypto whale purchased 7,447.7 ETH six hours ago at an average price of $2,353, totaling $17.52 million in value. The whale’s current unrealized gains stand at $24,000.

April 23rd — Per Hyperinsight monitoring (via Telegram: https://t.me/HyperInsight), the address linked to "Buddy" Huang Lizheng has accumulated roughly $2.4 million in profits since its March 26 liquidation in the prior round. Current total position size: $81.1 million, with key holdings below: - ETH Long: $40.8 million size, $2,326 average price, $2,174 liquidation price - BTC Long: $39.1 million size, $75,735 average price, $72,008 liquidation price Over the past hour, this address has placed 39 ETH market sell orders, targeting the liquidation of ~$3.9 million in ETH long positions across the $2,360–$2,500 price range. Additionally, some of its BTC sell orders have been executed, with the next take-profit target set at $78,888.