BTC breaks through the $78000 mark

The strategist team of Bank of America suggested shorting two-year US treasury bond bonds at a yield of 3.87%, with a target of 4.10% and a stop loss of 3.70%. They believe that the ceasefire situation in Iran is fragile, there are upward risks in oil prices and inflation, the US economic data is resilient, the Federal Reserve may turn hawkish, and pointed out that the April Federal Open Market Committee meeting was hawkish.

Morgan Stanley's head of digital assets stated that it is not entirely impossible for banks to include BTC on their balance sheets, but Basel capital rules and multi-party regulatory coordination are the main challenges. （CoinDesk）

Dallas Fed President Logan stated that she opposes the implicit interest rate cutting tendency in the Fed's policy statement.

According to the Gate market, WTI crude oil prices have fallen from $108 per barrel to $103 per barrel in the past 4 hours. According to reports, Iran has submitted a new proposal through Pakistan, which may focus on ending the war; Axios reporters stated that the United States has also submitted a revised nuclear agreement checklist to Iran through Pakistan.

Curve Finance announced the introduction of a bad debt recovery plan based on on on chain market mechanisms, providing three options for CRV users who have suffered losses in some lending markets: selling debt to exit, continuing to hold and wait for repairs, or providing liquidity to earn fees and incentives. This mechanism achieves debt pricing and liquidity through a trading pool of crvUSD and damaged debt tokens, providing an instant exit channel. Curve stated that this solution cannot eliminate losses and only reflects risks and repair expectations through market-oriented means. If the governance allocates veCRV incentives, it will help improve liquidity and market pricing efficiency.