News

According to Odaily, a recent market report from CP Capital indicates that the market is entering a crucial week as Trump and the Chinese leader are about to meet in Beijing, and the US April CPI, PPI, and retail sales data are also set to be released. The market is closely watching whether inflation will rise again. QCP stated that for the crypto market, the core issue is whether slowing inflation can drive real interest rates down, thereby continuing to support risk assets. Although there have been recent capital outflows from ETFs and market disturbances surrounding rumors of Strategy selling Bitcoin, BTC has remained stable above $80,000, demonstrating overall resilience. In addition, the US Senate Banking Committee's review of the CLARITY Act continues to attract market attention. However, QCP believes that the current crypto market volatility is close to the yearly low, with the VIX remaining around 18. In the short term, the market is likely to continue fluctuating within a range, with $84,000 considered a key resistance level.

According to ChainCatcher, stablecoin bank Augustus has received a federal banking license from the U.S. Office of the Comptroller of the Currency (OCC), becoming the eighth institution to obtain this license since 2010. Simultaneously, Augustus completed a $40 million financing round, with investors including Valar Ventures under Peter Thiel, Creandum, as well as the founders of Ramp, Deel, and Circle.

⑴ The Asian diesel market structure eased somewhat on Tuesday. Although there were no actual deals in the spot trading window, cash premiums softened while momentum for June spot sales picked up. Several refiners' selling interest for June re-emerged in the spot market, and reports indicate at least one regional supplier is seeking to ship early June cargoes.⑵ Diesel refining margins remained around $49.6 per barrel, with cash differentials falling by 30 cents to $5.40 per barrel, reflecting a narrowing of the spot premium over swap markets. In the jet fuel segment, a wave of buying activity emerged in Southeast Asia, with importers from Indonesia and Vietnam both seeking delivered cargoes. The price spread between jet fuel and diesel further narrowed to just over a $1 per barrel premium.