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Viewpoint: Bank of Japan's Dovish Signal Could Be Key Boost for This Round of Bitcoin Rebound

2 hours ago

April 14 — Bank of Japan Governor Haruhiko Kuroda delivered a dovish signal, flagging a more cautious stance amid uncertainty over the Iran conflict’s impact on Japan’s economy. The move supported Bitcoin’s push above $74,000. In recent years, Bank of Japan (BOJ) rate hikes have repeatedly roiled the crypto market. On August 5, 2024, an unexpected BOJ rate hike triggered a yen carry trade unwind, sending Bitcoin plummeting from $64,000 to $49,000 in 48 hours. The central bank will hold a monetary policy meeting later this month, on the 28th. (CoinDesk)
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Suspected "Binance Smart Chain Life" Whales Control Address Cluster Holds 146.7 Million Binance Smart Chain Life

April 14th: On-chain data analyst Wu Jinyan notes that 87.85 million Binance Lives (approx. $14.93M) were withdrawn from Binance to on-chain by a suspected whale address cluster across 9 wallets yesterday. Subsequently, Binance Lives surged 59% (from $0.17 to $0.27). Currently, the suspected whale cluster holds 1.467 billion Binance Lives on-chain—14.67% of the total supply—valued at $39.8M.

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Suspected Binance Smart Chain Whale Address Cluster Holds 146.7 Million Binance Smart Chain

On April 14, on-chain data analyst Wu Jinyan reported that yesterday, a suspected SafeMoon whale cluster withdrew 87.85 million SafeMoon tokens (valued at $14.93 million) from Binance via 9 wallets. Following this move, the price of SafeMoon surged 59%—climbing from $0.17 to $0.27. As of now, the same suspected cluster holds 1.467 billion SafeMoon tokens on-chain, accounting for 14.67% of the total supply and valued at $39.8 million.

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The current mainstream CEX and DEX funding rate displays a significant weakening of the bearish market sentiment

April 14th, 202X Per Coinglass data, Bitcoin has hit $74,000 today. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges show a notable decline in bearish sentiment, with rates broadly returning to neutral. Detailed funding rate figures are available in the accompanying chart. BlockBeats Note: Funding rates are fees set by crypto exchanges to align perpetual contract prices with their underlying assets. They facilitate fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to the underlying asset’s value. Rate context: - 0.01% = baseline rate - >0.01% = general bullish market - <0.005% = general bearish market

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Affected by Upbit Listing News, ZAMA Surges Over 30% in a Short Period

April 14th: HTX data shows ZAMA temporarily surged 33% on Upbit listing news. It’s now trading at $0.0324, with a reported market cap of $60.4 million and fully diluted valuation (FDV) of $352 million.

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Pakistan: Invites the US and Iran to Islamabad for the second round of talks, date and time for the US-Iran talks yet to be finalized

On April 14th, Pakistan’s Foreign Ministry invited the U.S. and Iran to Islamabad for a second round of talks. Dates and times for this follow-up round have not yet been finalized, Al Jazeera reports.

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The "Echo Chamber Effect" of the US-Iran return to negotiations is growing stronger, with the market becoming more optimistic

April 14: Sources report a U.S.-Iran delegation will hold talks in Pakistan later this week. An Investinglive analyst noted this is essentially the same news as Tuesday’s earlier reports: both sides plan to meet in Islamabad on Thursday. But as the “echo chamber effect” amplifies, market participants are being swayed by this optimistic mood and jumping on the trend. Notably, even though the latest updates are just a readjustment of last week’s events, markets are growing more confident of a positive outcome. Meanwhile, the ongoing blockade of the Strait of Hormuz is dragging on. Still, we can’t rule out the chance of a peace deal. Notably, U.S. President Trump is pushing this issue urgently. It seems an agreement will eventually be reached. The only unknown: what’s next for the Strait of Hormuz and how will events unfold there? Right now, market participants are ignoring these questions and going with the flow. (Jinse)

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