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Citi: Stablecoin market value may reach $3.7 trillion by 2030, this year may be the "ChatGPT moment" of blockchain

Golden Finance reported that Citibank predicted in its latest report that the total supply of stablecoins will "grow to $1.6 trillion in the baseline scenario and $3.7 trillion in the optimistic scenario" by 2030. The report said that blockchain may usher in the "ChatGPT moment" this year, partly due to the accelerated adoption of stablecoins. Citi pointed out that "if regulatory changes promote adoption by the financial and public sectors, it may trigger a historic shift in the cryptocurrency market", and said that if "adoption and integration challenges continue", the market value of stablecoins may only reach $500 billion.

US stocks closed higher for the third consecutive day, and the strength of technology stocks pushed the Nasdaq up 2.74%

Golden Finance reported that US stocks closed sharply higher, with the Dow up 1.23%, the Nasdaq up 2.74%, and the S&P 500 up 2.03%. Star technology stocks rose across the board, with Tesla, Amazon, and Microsoft up more than 3%, Google and Meta up more than 2%, and Apple up nearly 2%. The semiconductor sector led the gains, with Micron Technology and Broadcom up more than 6%, Intel and AMD up more than 4%, and Nvidia up more than 3%.

Glassnode: Some short-term Bitcoin holders have taken profits, and it has not yet been confirmed that the market has fully turned to the bullish zone

Golden Finance reported that according to a post by Glassnode, ETF fund inflows surged to $1.54 billion, and Bitcoin once rebounded above the short-term holder (STH) cost price. Nearly 5% of the supply changed hands, short positions increased, and some short-term holders took profits. This is a key retracement, but the strong support above $92,900 has not yet been confirmed, and it has not yet been confirmed that the market has fully turned to the bullish zone.

ARK raises its 2030 Bitcoin bull market forecast to $2.4 million, citing institutional investment as the main reason

According to Golden Finance, ARK Invest raised its price target for Bitcoin in the 2030 bull market scenario to about $2.4 million in its latest report, with a base scenario of $1.2 million and a bear market scenario of $500,000. The report states: "Institutional investment contributes the most to the bull market scenario." ARK said that Bitcoin is increasingly accepted as a "more flexible and transparent means of storing value."

The U.S. House of Representatives plans to review the draft of the new crypto market structure bill in a few weeks

According to crypto journalist Eleanor Terrett, French Hill, chairman of the House Financial Services Committee, said that the House "has spent most of the Easter holiday seeking technical assistance from the industry, the SEC and the CFTC" to improve the updated draft of the FIT21 market structure bill. He said that "the discussion draft and hearings on the text will be released in the 'next few weeks'."

Deloitte predicts that the global real estate tokenization market could reach $4 trillion by 2035

Golden Finance reported that according to a report by Deloitte's Financial Services Center, real estate tokenization is expected to become the main way to finance, own and trade real estate, and the market size may reach $4 trillion by 2035, with an average annual growth rate of 27%. Tokenization provides advantages such as operational efficiency, faster settlement and wider investor access. The report pointed out that the appeal of real estate tokenization lies in its ability to simplify complex financial agreements, such as launching real estate funds through blockchain, and automatically handling ownership transfers and capital flows. Despite this, the report also pointed out that the industry still faces challenges such as regulation, asset custody, network security and default situations.

Jupiter DAO released the "Next Two Years: DAO Resolution" proposal. The proposal includes that the Jupiter team will support the gradual independence of the DAO in the next two years, including clarifying the proposal generation process, DAO treasury operation control (from 3/5 signatures of the team to 3/5 control of DAO members), legal registration, independent funding mechanism and transparent reporting. The DAO will focus on accelerating the growth of the Jupiter community, products and concepts through proposals and treasury, while the team will be responsible for product development and business management.
In terms of funding, the Jupiter team will add another 10 million USDC to the DAO treasury and explore sustainable funding mechanisms in the next two years. Two years later, the DAO will receive support from Litterbox Trust (holding 50% of the protocol fees, about 32 million JUP)

Swiss National Bank President: Cryptocurrency is essentially a software

Golden Finance reported that according to Reuters, Swiss National Bank President Martin Schlegel said in an interview with local media: "Cryptocurrency is essentially a software. We all know that software often has vulnerabilities and other weaknesses." However, Bitcoin Suisse board member Luzius Meisser said that as the world moves towards a multipolar order, the US dollar and the euro are weakening, and holding Bitcoin makes more sense because Bitcoin is a currency that cannot be inflated through deficit spending.