Nvidia's After-Hours Surge Widens to 23%, On-Chain Longs Hit All-Time High of $920,000

April 24 — Cryptocurrency analyst Willy Woo noted that while most Bitcoin holders view BTC as a safe-haven asset, the reality is more nuanced. Bitcoin does have safe-haven traits: it can cross borders, be restored via a mnemonic phrase amid conflict, is theoretically independent of the traditional financial system, and may benefit if that system collapses. However, during periods of uncertainty or war, Bitcoin’s trading behavior acts more like a risk asset and is highly sensitive to market sentiment. Large funds haven’t fully recognized its safe-haven credentials—dismissing it as too new and lacking long-term validation—so its price moves closely with the Nasdaq. Woo believes Bitcoin may need 10 years or longer to gain widespread market acceptance as a safe haven. If that milestone is reached, its market capitalization could rival gold’s.

On April 24th: Last year, former President Trump revived a plan to shift businesses from quarterly to semi-annual earnings reports. The SEC is reportedly poised to formally solicit public input on a proposal to scrap the quarterly reporting mandate. Yet investors and market participants note the overwhelming majority of companies are unlikely to embrace the shift, as it could hurt valuations. Sam Reynolds, macro strategist at WisdomTree Asset Management, notes any company adopting the change would likely catch active investment managers’ attention—facing potential divestment, portfolio removal, or a valuation reevaluation. JPMorgan Chase backs the proposal but says it will keep providing quarterly guidance via analyst and investor conference calls. Mike Reynolds, deputy chief investment officer at Glenmede Asset & Wealth Management, expects the overwhelming majority of companies will keep reporting quarterly. (FXStreet)

April 24: Marc Zeller, founder of Aave Chan Initiative (ACI)—an Aave ecosystem contributor—posted a message proposing a non-donation approach to address a deficit, rather than launching a donation drive. The proposal includes: - Creating a deposit vault named “DeFi United ETH” - Redirecting Aave’s wETH revenue to the vault, with a 5% annual yield cap - Tokenizing the vault’s deposit certificates for trading under the name “AaveETH” - Using interest and principal to gradually cover the deficit Zeller also recommended allowing user deposits and capping the vault’s capacity at the size of the worst-case deficit. He noted that if this approach had been adopted earlier, enough funds might have been raised as early as last Saturday. He emphasized Aave’s financial strength: the protocol generates sufficient income, and both Aave DAO and Labs hold reserves in the hundreds of millions of dollars—enough to resolve the issue without sparking market panic. Zeller added he would de

On April 24, KelpDAO announced that since April 18, it has been closely collaborating with Aave within the ecosystem to coordinate fund recovery efforts for rsETH holders, while disclosing current progress and future plans. Projects including ether.fi, Ethena, Lido, Golem, Mantle, LayerZero, and others have committed to providing support to the best of their ability, with more announcements forthcoming. The incident’s initial shortfall was 163,200 ETH. To date, Kelp has recovered 40,300 rsETH (equivalent to roughly 43,000 ETH), and the Arbitrum Security Council has secured an additional 30,700 ETH. After these recoveries, the remaining shortfall is approximately 89,500 ETH. Of the remaining shortfall, public commitments from Mantle, Stani, EtherFi, Lido, Golem, and others total roughly 43,500 ETH. Kelp noted it is in further communication with relevant parties to finalize specific funding arrangements. rsETH holders remain a top priority, and more commitments and updates will

April 24 — A CNN report notes that Trump is working to demonstrate to two key groups — the Iranian leadership and the American public — that he is the decision-maker regarding this conflict. The issue, however, is that neither side appears to be taking his statements seriously. The core question in this showdown is which side has the political will to outlast the other. Trump faces a challenging situation: for weeks, he has articulated conflicting views on his strategy, and these views often clash with on-the-ground realities. Moreover, he insists he is not concerned about the timeline of the Iran conflict — a move that may be an attempt to mask the mounting pressure the prolonged standoff is placing on him. Growing evidence indicates Iran not only believes it holds the upper hand (having leveraged its geographic advantage to exert asymmetric pressure on the U.S.) but is also willing to pay any price to secure victory. (Kin-Sun)

**April 24** CryptoQuant analyst Axel Adler Jr. reported that selling pressure from Bitcoin Short-Term Holders (STHs) has eased significantly in April. Data shows the STH discount (current price vs. STH cost basis) has narrowed from -21.6% at the start of the month to -5.7% as of April 24. Meanwhile, the 7-day STH-SOPR (Spent Output Profit Ratio) has risen above 1.0—meaning STHs are no longer selling at a loss overall. ### Key Details: - Bitcoin’s current price hovers around $78,200, while the STH cost basis sits at ~$83,000. The price remains below this level, so the market hasn’t entered the "premium range" yet. - Historically, the $83k STH cost basis has been a critical turning point: A reclaim and stable hold above this level typically signals a more certain uptrend. ### Current Assessment: Adler stressed the rebound is a **structural repair phase**, not confirmation of a new uptrend. While selling pressure has eased, the STH-SOPR is only slightly above 1—indicatin