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This shift is jointly driven by expectations of peace, the surge in U.S. stock market earnings, and the relative immunity of the world’s largest economy to energy shocks. Read more

Foresight News reports that Midas has announced the gradual resumption of standard minting and redemption services for all mToken. While awaiting further communication with Aave and KelpDAO, it is expected that all issuance and redemption will return to normal operations by the end of the day.Previously, due to the rsETH incident, Midas stopped LayerZero OFT cross-chain services today at 5:15 (22:15 yesterday Central European Time). This measure was a standard protocol in response to market volatility and to protect users' interests. Midas stated that it will continue to monitor the situation and provide updates through official channels.

On April 19, on-chain analyst Murphy noted that after Bitcoin (BTC) reached $78,000, the 24-hour average realized profit the following day was $39.15 million, which is lower compared to when BTC hit $76,000 on April 14. The divergence between 'price action' and 'realized profit' typically indicates that the demand side can no longer sustain the concentration of profit-taking, leading to a decline in upward momentum, similar to the situations observed on January 7 and January 14. Additionally, the reduced trading volume over the weekend may also be a contributing factor. If the divergence between 'price' and 'profit' is primarily due to the demand side's inability to sustain further profit-taking, it can be reasonably concluded that the rebound has peaked. However, if the main reason is the decreased market activity over the weekend, further observation will be necessary in the upcoming trading days.