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QCP Group analysis indicates that the negotiations between the U.S. and Iran have once again broken down, the ceasefire in the Middle East continues, and the overall geopolitical landscape remains static. A shooting incident occurred at the White House Correspondents' Dinner, with Trump suspected to be the target. After the Asian market opened, BTC briefly surpassed $79,000 and ETH broke through $2,400, but concerns arose following news of the Iranian foreign minister's visit to Russia for talks with Putin, leading to a rapid pullback in gains.The current key resistance level in the market is the CME gap around $82,000. The funding rate for BTC perpetual contracts continues to be negative, and if the price breaks upward, it may trigger short covering. Implied volatility continues to decline, and the risk reversal skew has narrowed, with market interest in upward exposure gradually increasing. Key focus this week: April 29 earnings reports from Microsoft, Amazon, Meta, and Google, as well as the FOMC interest rate decision; April 30 earnings report from Apple, U.S. Q1 GDP, and March PCE data.

According to a report from CoinShares' research department, digital asset investment products recorded a net inflow of $1.2 billion this week, marking the fourth consecutive week of positive inflows. Total assets under management (AuM) rose to $155 billion, the highest level since February 1. Among them, Bitcoin led with an inflow of $933 million, bringing the year-to-date total inflow to $4 billion; Ethereum saw inflows of over $190 million for the third consecutive week; XRP returned to net inflow after a week of outflows.Regionally, the United States dominated this week's inflows ($1.1 billion), while Germany, Switzerland, and Canada also recorded positive inflows, indicating a broadening demand. Additionally, blockchain stock ETFs have cumulatively attracted $617 million over the past three weeks, setting a record for weekly inflows, reflecting growing interest from institutional investors in this sector. The market is currently focused on the FOMC meeting on April 28-29, which may create some disturbances in short-term sentiment.

According to Solid Intel, Trump will hold a National Security Council meeting today to review proposals to reopen the Strait of Hormuz and end hostilities.

Issue 9 of BALLS has officially launched, with a winning rate of 5.8%, a launch price of 0.151 USDT, a new issuance yield of 51%, and an overall capital yield of about 3%. There is no lock-up period after the asset settlement for this issue of BALLS; the funds will be available as spot immediately, allowing users to choose to sell or withdraw instantly.Issue 10 of ASTEROID will officially open for subscription today at 16:00 and will end on April 29 at 16:00. This issue continues the multi-currency participation mechanism, allowing users to participate in the subscription using JU / USDT / BTC / ETH, with the platform uniformly converting and allocating based on U. A dynamic winning rate model will be introduced in this round; for every increase of 5,000,000 USDT in the raised amount, the winning rate will increase by 0.2%. Successfully inviting friends to participate can share a token reward of up to 20% of the final issuance amount.

According to SoSoValue data, the net inflow for Bitcoin spot ETFs during the last trading week (Eastern Time from April 20 to April 24) was $824 million.The Bitcoin spot ETF with the highest net inflow last week was BlackRock ETF IBIT, with a weekly net inflow of $733 million, bringing IBIT's historical total net inflow to $65.37 billion. The second was Ark & 21Shares ETF ARKB, with a weekly net inflow of $59.6 million, and ARKB's historical total net inflow currently stands at $1.610 billion.The Bitcoin spot ETF with the highest net outflow last week was Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $59.01 million, and GBTC's historical total net outflow has reached $26.22 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $102.64 billion, with an ETF net asset ratio (market cap relative to total Bitcoin market cap) of 6.60%, and the historical cumulative net inflow has reached $58.23 billion.

According to SoSoValue data, last week's trading day saw a net inflow of $155 million for Ethereum spot ETFs.The Ethereum spot ETF with the highest net inflow last week was BlackRock ETF ETHA, with a weekly net inflow of $138 million, bringing ETHA's historical total net inflow to $11.97 billion. The second was BlackRock ETF ETHB, with a weekly net inflow of $60.9053 million, and ETHB's historical total net inflow currently stands at $456 million. The Ethereum spot ETF with the highest net outflow last week was Grayscale Ethereum Trust ETHE, with a weekly net outflow of $49.2393 million, and ETHE's historical total net outflow has reached $5.25 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.79 billion, with an ETF net asset ratio of 4.91%, and the historical cumulative net inflow has reached $12 billion.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:HENRY (CJUr....ump): Currently priced at $0.0028, market cap of $2.74 million, 24h increase of +112K%, 24h trading volume of $20.13 million, number of trades 225,407;TIME MACHINE (4dcu....ump): Currently priced at $0.0003, market cap of $240,000, 24h increase of +9.41K%, 24h trading volume of $3.44 million, number of trades 77,513;HENRY (CknN....F8A): Currently priced at $0.0004, market cap of $380,000, 24h increase of +2.73K%, 24h trading volume of $6.18 million, number of trades 54,525;BASED (DPZc....wez): Currently priced at $0.0003, market cap of $250,000, 24h increase of +8.4K%, 24h trading volume of $2.82 million, number of trades 47,347;BULL (3TYg....ump): Currently priced at $0.0039, market cap of $3.88 million, 24h increase of +7.2%, 24h trading volume of $1.04 million, number of trades 56,703;

According to SoSoValue data, the overall cryptocurrency market is on an upward trend, with the RWA sector performing exceptionally well, rising 4.81% in 24 hours. Among them, Pendle (PENDLE) increased by 7.39%, Centrifuge (CFG) rose by 7.17%, and Ondo Finance (ONDO) and Keeta (KTA) increased by 5.44% and 5.89%, respectively.At the same time, Bitcoin (BTC) rose by 2.36%, breaking through $79,000; Ethereum (ETH) increased by 3.5%, approaching $2,400. Other standout sectors include: the NFT sector, which rose 3.85% in 24 hours, with Pudgy Penguins (PENGU) increasing by 13.1%; the DeFi sector rose by 3.74%, with Lido DAO (LDO) increasing by 23.71%; the AI sector rose by 3.56%, with OriginTrail (TRAC) increasing by 12%.In other sectors, the Meme sector rose by 2.13%, with SPX6900 (SPX) increasing by 9.79%; the PayFi sector rose by 1.97%, with SafePal (SFP) increasing by 9.89%; the Layer2 sector rose by 1.89%, with Celestia (TIA) increasing by 4.03%; the Layer1 sector rose by 1.5%, with Algorand (ALGO) increasing by 4.16%; the CeFi sector rose by 1.23%, with NEXO (NEXO) increasing by 1.88%.The cryptocurrency sector indices reflecting historical market trends show that the ssiRWA, ssiNFT, and ssiDeFi indices rose by 6.37%, 4.24%, and 3.49%, respectively.

According to official news, Four Pillars announced that it has obtained Series A financing from Pantera Capital and Further Ventures, with the specific amount undisclosed.It will transition from a previous research institution to a blockchain research and infrastructure provider aimed at institutional users. It is reported that in the three years since its establishment, Four Pillars has collaborated with over 100 protocols and companies, releasing more than 600 research reports. In the future, it will focus on three main directions: FP Research (divided into five specialized departments: crypto, investment, institutions, Asia, and technology), FP Validated (institutional-level validator infrastructure providing staking services), and FP Institution (a newly established institutional department offering seminars and consulting services).

The crypto market structure bill has seen almost no public progress in the past month. While it is quite difficult to predict the outcome of the bill, the window for passing it is narrowing. Many actions surrounding the market structure issue—such as statements from staff at the Securities and Exchange Commission (SEC)—are not permanent guidance. The SEC has time to issue rules that require public notice and comment periods, but this will take time.The market structure legislation aims to codify the goals of the crypto industry and regulatory rules into law, making it more difficult for future governments to overturn these rules. In other words, without the Clarity Act, we could very well still be having the same discussions years from now.Since at least last December, May 25, Memorial Day, has been viewed as the "deadline" for legislative progress. After entering summer, lawmakers will leave Washington to campaign, leaving little time for the crypto bill (or most other legislation). Before Congress recesses, the House still needs to consider a bill that provides funding for the Department of Homeland Security, while the Senate must decide whether Kevin Warsh will become the next Federal Reserve Chair.The crypto industry is eager for the bill to pass. Over 100 organizations signed an open letter last week urging the Senate Banking Committee to hold a hearing on the bill, which would be the first step in the overall passage process. However, it is currently unclear how far the committee is from moving forward. The issue of stablecoin yields continues to dominate discussions, and other unresolved issues remain unaddressed at least in public.Even if these issues are resolved, the House will still need to vote on the bill again. House Financial Services Committee Chairman French Hill stated earlier this month that many unresolved issues surrounding stablecoin and DeFi sales practices have been addressed in the House version of the bill, and the Senate should be able to find consensus.

According to a report by Jinshi citing Xinhua News Agency, Iranian Foreign Minister Amir-Abdollahian called on regional countries to establish a collective security mechanism "not subject to U.S. interference." During a meeting with Oman's Sultan Haitham in the capital Muscat, Amir-Abdollahian stated that Iran's experience shows that the U.S. military presence in regional countries only leads to turmoil and division in the region. He urged regional countries to jointly build an independent collective security mechanism without U.S. interference.

According to Coinglass data, the Coinbase Bitcoin Premium Index has been positive for 18 consecutive days, currently reported at 0.0336%.The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. A negative premium typically reflects greater selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

According to Jinshi reports, U.S. President Trump stated in response to a reporter's question that the incident that occurred at the White House Correspondents' Association dinner that day was "completely shocking." He heard a noise but thought it was a tray falling to the ground."I was observing the situation at the time," he said, "but his wife reacted faster, seemingly realizing what was happening quickly." Trump expressed his hope to continue holding the dinner and promised to reschedule the dinner date as soon as possible.Trump stated that he had not received any briefings about threats before the dinner. He also mentioned previous assassination attempts against him and called on the American public to "resolve their differences." He noted that members of both parties condemned the related events that night. Trump also expressed gratitude to media personnel, stating that the media "acted very responsibly in their reporting."When asked if the shooting incident was related to the conflict with Iran, Trump said, "I don't think so."

According to Forbes, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission, recently reiterated the advancement of "Project Crypto" and announced that he will work with the U.S. Commodity Futures Trading Commission (CFTC) to develop a classification framework for digital assets, clarifying when tokens are recognized as securities, while also introducing an "innovation exemption" to support on-chain trading of tokenized securities.The market views this as one of the most proactive shifts in crypto regulation in the history of the SEC, marking its formal abandonment of the old model of "regulation by enforcement" in favor of clear rule-making. This move may signal a stronger entry point for institutional capital that has been on the sidelines for a long time and could drive the price of Bitcoin back above $80,000. Currently, the price of Bitcoin is around $77,586, and the market is paying attention to Paul Atkins' further statements at the Bitcoin 2026 conference in late April.

According to Jinshi, citing New Delhi Television, the second round of negotiations between Iran and the United States is scheduled to be held on April 27.

According to CoinDesk, while quantum computers cannot disrupt the Bitcoin mining mechanism or the blockchain ledger, they may potentially crack the elliptic curve encryption system that protects wallet ownership through Shor's algorithm. Currently, about 6.9 million BTC (approximately one-third of the total supply) face potential risks due to public keys being visible on-chain, including around 1 million early holdings by Satoshi Nakamoto; transactions generated after the Taproot upgrade in 2021 are also affected due to public key exposure.Ethereum has established a formal quantum resistance migration plan since 2018, with 4 full-time teams and over 10 independent development groups, and has launched a dedicated progress website at pq.ethereum.org. In contrast, Bitcoin currently lacks a unified response roadmap, and the existing BIP-360 proposal and BitMEX Research detection scheme have not received widespread support from core developers. Notable Bitcoin advocate Nic Carter pointed out that Bitcoin's response is "the worst," while Blockstream CEO Adam Back believes that current quantum systems are still in the laboratory stage, but he also agrees that optional upgrade solutions should be deployed in advance.Analysts point out that Bitcoin's anti-centralization governance culture makes coordinating large-scale security upgrades extremely difficult, and how to handle historical legacy issues such as Satoshi Nakamoto's holdings is particularly challenging. A related paper from Google warns that once quantum attacks become a reality, the window for response may have already closed.

Project Eleven today awarded the Q-Day prize to researcher Giancarlo Lelli, who successfully derived a 15-digit elliptic curve private key from a public key using publicly accessible quantum hardware, marking the largest scale demonstration of its kind to date, a 512-fold increase from the 6-digit demonstration in September 2025.Lelli used a variant of Shor's algorithm for the elliptic curve discrete logarithm problem, which is the mathematical foundation of the Bitcoin signature scheme, with the awarded hardware featuring approximately 70 qubits. Currently, no known quantum computer can crack real Bitcoin wallets, and the security of Bitcoin's 256-bit elliptic curve remains far beyond current quantum capabilities. Notably, Google lowered its resource estimates for ECDLP-256 on March 31 and set a target for the migration to quantum cryptography after 2029, followed by Cloudflare, and the UK's NCSC also set migration milestones from 2028 to 2035.On-chain data shows that approximately 6.93 million BTC are at potential quantum risk due to exposed public keys. The Bitcoin community has proposed BIP 360 and BIP 361 to promote the migration to quantum-resistant output types, but the coordination challenges of a decentralized network remain the biggest hurdle.

The French National Anti-Organized Crime Prosecutor's Office (Pnaco) has stated that cases of kidnapping and illegal detention involving cryptocurrency are continuing to surge. Among the 12 related cases currently under investigation, 88 people have been prosecuted, including more than 10 minors, and another 75 are in custody awaiting trial.Prosecutor's data shows that since 2023, French law enforcement has recorded 135 such cases, with 18 in 2024, rising to 67 in 2025, and reaching 47 so far in 2026. Many of these cases involve violent kidnappings, ransom extortion, and forcing victims to transfer cryptocurrency assets. The prosecution pointed out that some suspects have appeared multiple times in different cases, indicating the formation of a structured criminal network behind it. The previous kidnapping incident involving Ledger co-founder David Balland is also seen as an important sign of the escalating security risks in the French cryptocurrency industry.

According to The Information, Anthropic and OpenAI have both experienced security incidents, raising market concerns about the safety of AI models themselves.Currently, Anthropic is investigating potential unauthorized access to its Claude Mythos model by users. Almost simultaneously, OpenAI was also reported to have accidentally exposed several unreleased models in its Codex application. Industry opinions indicate that these vulnerability incidents have intensified scrutiny on the security governance capabilities of AI companies and reflect that the security systems of current AI technology still need improvement as it rapidly develops. Analysts believe that even AI model providers that focus on cybersecurity capabilities face significant security challenges themselves. As AI is gradually used to defend against cyberattacks, issues related to platform security and access control have also become critical risk points.