Viewpoint: BTC Faces Second Test of $75,400 Short-Term Holder Cost this Cycle, Further Retracement Likely

April 22 Coinbase Pro has launched perpetual gold and silver futures trading on its international platform, per an official announcement. The announcement notes the trading is available to retail traders and institutions in select jurisdictions.

April 22 — Official sources confirm that Ethereum layer-2 network OP Mainnet has rolled out Privacy Boost, an enterprise-grade privacy solution. Developed by Sunnyside Labs (the core development team behind the Optimism ecosystem), the solution leverages a ZK+TEE hybrid architecture and generates cryptographic proofs in under 500 milliseconds. Privacy Boost is a plug-and-play SDK supporting private computations across any OP Stack chain. Sunnyside Labs, a firm specializing in blockchain infrastructure, has collaborated with OP Labs and other core contributors for over three years to build the OP Stack’s core infrastructure.

On April 22, South Korean Democratic Party lawmaker Kim Hyun-jung—who sits on the party’s Digital Assets Special Committee—told Edaily that the stablecoin-focused Digital Assets Basic Law will be filed for second-stage legislation after the June local elections, with the bill’s subcommittee convening around the same time. Kim noted unresolved controversies (including restrictions on exchange major shareholders) still require further discussion, but he expressed confidence the stablecoin legislation will ultimately pass, citing the new Bank of Korea (BOK) Governor’s supportive stance. The Democratic Party’s Digital Assets Special Committee plans to meet with the new BOK governor post-elections, he added. Kim also stressed the need to proactively update systems for central bank digital currencies (CBDCs) and Korean won stablecoins, align tax policies with international regulations, and strengthen infrastructure to combat digital asset-related crimes.

April 22 — Per BeInCrypto, traditional finance giant Mastercard has joined the Blockchain Security Standard Committee (BSSC) as a founding member. The firm will help shape security frameworks for blockchain networks and tokenized assets, plus join the working group focused on security and privacy guidelines. A nonprofit alliance, BSSC’s current members include Coinbase, Fireblocks, Anchorage Digital, BitGo, Figment, and Ribbit Capital. Mastercard’s Claire Le Gal will sit on the BSSC board as the company’s representative.

April 22nd – Per ZachXBT, Bitcoin Depot, a Bitcoin ATM operator, is facing issues with fees and security. A U.S. elderly fraud victim was able to convert $25,000 in fiat to Bitcoin via a Bitcoin Depot ATM, with the machine quoting $108,000 per BTC—well above the $75,000 market price at the time. The victim ultimately received just 0.232 BTC for their $25,000. Additionally, ZachXBT noted Bitcoin Depot was recently hacked, with 54 BTC (roughly $3.26 million) in funds going undiscovered for several days.

On April 22, Chartered Market Technician (CMT) Aksel Kibar noted that Bitcoin broke above the upper trendline of its recent ascending channel. He called this a breakout from a bullish extreme—a typical bullish signal that could potentially push prices toward the 365-day moving average ($87,050). ### Notes on alignment with American English habits: 1. **Date format**: Starts with *On April 22* (standard US date lead-in). 2. **Professional accuracy**: Corrected "Licensed" to *Chartered* (CMT’s official designation, widely recognized in US finance). 3. **Conciseness**: Split the run-on sentence into two clear clauses (improves readability for news alerts). 4. **Natural phrasing**: - Replaced "stated that" with *noted that* (common for analyst commentary). - Used *broke above* (simple past for a specific event) instead of "has broken above". - Swapped "accelerate the price" for *push prices* (plural "prices" is standard in US market jargon). 5. **Punctuation**: Use