Daily News | Gold Price Hit Record High, BTC Broke Through $88,000, Funds Collectively Flocked to Safe-haven Assets

Crypto Daily Digest: 72 crypto-related ETFs are awaiting approval, ETH/BTC exchange rate hit a new low since 2020

According to data from Farside Investors, the US Bitcoin spot ETF had a total net inflow of $339 million yesterday, of which FBTC had a net inflow of $87.6 million and ARKB had a net inflow of $116 million.

As of press time, the Ethereum spot ETF saw an outflow of $25.42 million yesterday, all of which came from Grayscale ETHE. Data for other ETFs have not yet been disclosed.

Spot gold price hit record high, breaking through $3,450/ounce

On April 22, spot gold continued its yesterday’s rally, breaking through the $3,450/ounce mark for the first time, up 0.76% on the day and up more than $820 this year. This reflects the strong market demand for safe-haven assets. The recent rise in gold prices is mainly driven by global economic uncertainty, a weaker dollar, geopolitical tensions and concerns about the independence of the Federal Reserve’s monetary policy.

Bloomberg analyst: There are currently 72 crypto-related ETFs awaiting SEC approval

According to a chart shared by Bloomberg ETF analyst Eric Balchunas, there are currently 72 crypto asset ETFs involving various themes such as XRP, Solana, Litecoin, Dogecoin and even “2x Melania” registered with the US SEC, waiting for approval or listing options. These include multiple spot and derivative ETF applications submitted by mainstream institutions such as Grayscale, Bitwise, and ProShares. It is expected that 2025 will be a year of intensive ETF approvals.

ETH/BTC exchange rate hit new low since 2020

On April 22, according to Damen market data, the ETH/BTC exchange rate briefly fell to 0.01766 and is now reported at 0.01794, a 24-hour drop of 3.8%, hitting a new low since 2020.

ZKsync Security Committee offered 10% bounty to hackers

The ZKsync Security Committee has offered the hacker a 10% bounty, and the announcement states that the hacker refund window will be valid for 72 hours from the date this message is published on Ethereum. After receiving all the above ZK and ETH before the deadline, ZKsync will publicly confirm the solution. If the funds are not returned before the deadline, the team will report the matter to law enforcement and conduct a full criminal investigation.

Market Trends: Altcoins underperformed Bitcoin, LINK and UNI tokens fell more than 3%

Market Hotspots

According to CryptoQuant data, BTC open interest surged by $3.2 billion in the past 24 hours, indicating a significant increase in Bitcoin leverage.

According to official news, Initia released a token economic model, and the total supply of the native token INIT is fixed at 1 billion, of which 15.25% is allocated to investors and 5% is allocated to airdrops. (Initia is a network designed for “0-to-1 full-chain Rollups”, combining the flexibility of Cosmos SDK and the scalability of Rollup technology to create a modular blockchain ecosystem.)

Mainstream Coins

Impacted by the safe-haven demand, Bitcoin continued to rise, with Bitcoin rising 1.07% in 24 hours and currently priced at $88,300. It is worth noting that the price of $88,500 is an obvious pressure point for Bitcoin prices, and the previous two upward surges failed to break through effectively.

Ethereum has seen a significant pullback and is currently priced at $1,580, down 3.5% in 24 hours. Under the demand for risk aversion, funds prefer the more well-known Bitcoin over Ethereum. The ETH/BTC exchange rate is currently at 0.01794, down 3.8% in 24 hours, hitting a new low since 2020.

Altcoins generally pulled back, and the market performance was significantly weaker than that of Bitcoin. Among them, the SocialFi sector fell 2.9% in 24 hours, and the TON token fell 3.5% in 24 hours. The DeFi sector fell 1.8% in 24 hours, the LINK token fell 3.4% in 24 hours, and the UNI token fell 3%.

Macro News: Nasdaq fell 2.5% as funds flocked to safe-haven assets

U.S. stocks fell sharply on Monday, with the S&P 500 down more than 2.3%, the Nasdaq down 2.5%, and the Dow down more than 900 points (nearly 2.4%), after President Trump publicly criticized Federal Reserve Chairman Jerome Powell and the market continued to worry about tariff policies and the independence of the Federal Reserve.

The US dollar index is currently at 98.47, falling to its lowest point since October last year. Funds are accelerating to safe-haven assets such as the Swiss franc, the Japanese yen and gold. The Swiss franc rose by more than 1% to a 10-year high, and the US dollar fell below the 141 integer mark against the Japanese yen, with a daily decline of more than 1%. Gold soared by nearly 3%, setting a new high of $3,424 per ounce. It is worth noting that the current gold-silver ratio has reached 105 times, close to the highest level in history.