Mike Novogratz

President Sadyr Japarov of the Kyrgyz Republic revealed on the X platform that he met with Binance founder Changpeng Zhao by Lake Issyk-Kul, where they held a two-day discussion on the prospects for digital asset development in Kyrgyzstan. Japarov emphasized the country's potential in the digital economy and showcased its rich cultural heritage through cultural activities. This meeting laid the foundation for possible future cooperation.

Global stock markets staged a remarkable "deep V" rebound in April, with the S&P 500 experiencing a nine-day rally after a sharp drop at the beginning of the month, marking the longest winning streak since November 2004. In response, Bank of America's Chief Investment Officer Hartnett noted in the latest report that this trend indicates investors expect Trump to shift to a "three lows" policy in his second hundred days, namely lowering tariffs, interest rates, and taxes. Meanwhile, concerns about a U.S. economic recession triggered by "soft" data are also easing. Hartnett pointed out that the 2-year U.S. Treasury yield has dropped by 70 basis points since Trump, oil prices have fallen by 20%, and the dollar has depreciated by 9%, all contributing to looser financial conditions. Additionally, with tech giants maintaining strong capital expenditure in the AI field, expected to reach $320 billion by 2025, these factors collectively alleviate recession concerns.