Intel discontinues its Bitcoin mining chip line

Headlines

▌Intel discontinues its Bitcoin mining chip series

Chip manufacturing giant Intel (INTC) is ending production of its Bitcoin mining chip series, Golden Finance reported. An Intel spokesperson said that as we prioritize investment in IDM 2.0, we have ended the life cycle of Intel Blockscale 1000 series ASICs (application-specific integrated circuits), while we continue to support our Blockscale customers. According to a document on Intel's website, no orders will be accepted after October 20, and the last batch of products will be shipped no later than April 20, 2024.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 30361.58 USD, with a daily fluctuation of +3.22% ;

ETH's latest transaction price is $2103.00, with a daily change of +1.39% ;

BNB's latest trading price is $342.70, with a daily change of +0.91% ;

ARB's latest trading price is $1.67, with a daily change of +3.88% ;

DOGE's latest transaction price is $0.093930, with a daily change of +2.71% ;

ADA's latest trading price is $0.443700, with a daily change of +2.33% ;

MATIC's latest transaction price is $1.17, with a daily change of + 1.85% .

policy

Speaker prepares to introduce stablecoins to U.S. House Financial Services Committee

Golden Finance reported that the U.S. House Financial Services Committee will hold a hearing on stablecoin regulation on April 19. The hearing was held after the House announced a new draft bill to provide a regulatory framework for stablecoins. Austin Campbell, managing partner of Zero Knowledge Consulting, will say that stablecoins will expand the scope of the dollar and increase financial inclusion if legislation does not hinder its progress. Jake Chervinsky, chief policy officer of the Blockchain Association, called stablecoins a "revolutionary upgrade" to traditional payment systems. Chervinsky praised the dollar-denominated stablecoins for increasing financial inclusion and maintaining the role of the dollar in the international economy.

SEC Chairman Gensler seeks to link Silicon Valley Bank and Signature Bank bankruptcies to cryptocurrencies

Golden Finance reported, market news: US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank to cryptocurrency.

Cryptocurrency

▌Lido considers using its over 770,000 ARB airdrop to promote the development of wstETH in the Arbitrum ecosystem

On April 19, Justin David Reyes, head of business development and partnerships at the liquidity pledge protocol Lido, published a proposal in the Lido community stating that the Lido protocol is eligible to claim 772,621 ARB Token airdrops. The above proposal issued by the Lido DAOre WARDS Committee aims to promote the development of wstETH in the Arbitrum ecosystem by using the claimed ARB airdrop tokens as rewards to incentivize the growth of Ethereum pledged throughout the Arbitrum DeFi ecosystem. The proposal may be voted on later this week.

Speaker prepares to introduce stablecoins to U.S. House Financial Services Committee

Golden Finance reported that the U.S. House Financial Services Committee will hold a hearing on stablecoin regulation on April 19. The hearing was held after the House announced a new draft bill to provide a regulatory framework for stablecoins. Austin Campbell, managing partner of Zero Knowledge Consulting, will say that stablecoins will expand the scope of the dollar and increase financial inclusion if legislation does not hinder its progress. Jake Chervinsky, chief policy officer of the Blockchain Association, called stablecoins a "revolutionary upgrade" to traditional payment systems. Chervinsky praised the dollar-denominated stablecoins for increasing financial inclusion and maintaining the role of the dollar in the international economy.

▌Bank of New York Mellon: No intention to increase cryptocurrency-related deposits

Golden Finance reported that Bank of New York Mellon has no intention of increasing cryptocurrency-related deposits and does not consider itself a "crypto bank."

SEC Chairman Gensler seeks to link Silicon Valley Bank and Signature Bank bankruptcies to cryptocurrencies

Golden Finance reported, market news: US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank to cryptocurrency.

▌US SEC Chairman: US SEC needs more resources to regulate cryptocurrencies

Golden Finance reported that Gary Gensler, chairman of the U.S. SEC, said that the U.S. SEC needs more resources to regulate cryptocurrencies. The debt ceiling deadlock risks damaging U.S. national debt, and if the debt ceiling is not raised before the U.S. government falls into technical default, "the capital market will fall into chaos."

Sweat empowers the community to decide what to do with the 100 million SWEAT tokens accumulated since the beginning of the year

On April 18, the Move-to-Earn project Sweat authorized the community to decide how to deal with the 100 million SWEAT tokens accumulated since the beginning of this year. The voting options include 0% distribution and 100% destruction, 25% distribution and 75% destruction, 50% distribution and 50% destruction, 75% distribution and 25% destruction, and 100% distribution and 0% destruction.

130,769,823 USDC destroyed in USDC Treasury

Golden Finance reported that Whale Alert data showed that at 2:53 Beijing time today, 130,769,823 USDC (130,769,823 US dollars) were destroyed in the USDC Treasury.

Important economic developments

▌Minutes of the Federal Reserve Discount Rate Meeting: Three regional Fed banks seek a 50 basis point increase in the Federal Reserve’s discount rate

Golden Finance reported that the Federal Reserve released the minutes of the discount rate meeting from February 21 to March 22: the three regional Federal Reserves, Minneapolis Federal Reserve, St. Louis Federal Reserve, and Cleveland Federal Reserve, supported the Federal Reserve to implement a larger discount rate hike.

▌Fed's Bostic: One more rate hike is expected

Golden Finance reported that Fed Bostic: One more rate hike is expected; the economy still has a lot of momentum and inflation is too high. There is still more work to be done on monetary policy, and my baseline forecast is to keep interest rates unchanged after the next rate hike. It is expected that after the rate hike is over, the Fed will keep interest rates unchanged for quite some time. The Fed will try its best to reduce inflation to 2%.