AICoin Daily Report (April 27)

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17 hours ago

1. UBS predicts the Federal Reserve will cut interest rates by 75 to 100 basis points, S&P 500 target at 5800 points

Odaily Planet Daily reports that UBS stated the current market sentiment aligns with its basic forecast, which anticipates a reduction in tariffs from the currently announced levels and further interest rate cuts by the Federal Reserve this year. However, due to high uncertainty surrounding trade, the economy, and Federal Reserve policies, expected volatility remains elevated. Nevertheless, UBS believes the U.S. stock market is attractive, with a year-end target of 5800 points for the S&P 500 index. UBS's current basic forecast is that the Federal Reserve will cut interest rates by 75 to 100 basis points this year, but in the short term, the Fed's policy flexibility seems more limited as it must balance concerns over economic growth with the risks of inflation recovery. -Original

2. Arthur Hayes claims the bull market has returned, it's time to celebrate

BitMEX co-founder Arthur Hayes stated, "The bull market is back, it's time to celebrate." -Original

3. Ripple CEO says XRP futures pave the way for a spot ETF

Ripple CEO Brad Garlinghouse expressed approval of the upcoming XRP futures contracts from the Chicago Mercantile Exchange, calling it an important and exciting step for the continued growth of the XRP market. He noted that although this initiative has been lagging in many aspects, it is significant as it marks XRP's recognition in mainstream financial markets. This move not only provides regulated trading tools for professional investors but may also pave the way for the future launch of an XRP spot ETF, validating XRP's status as a mature and investable asset class. -Original

4. Michael Saylor claims MSTR has generated $5.1 billion in BTC revenue this year

Strategy founder Michael Saylor stated that MSTR's financial operations have generated $5.1 billion in BTC revenue so far this year. -Original

5. IMF states El Salvador has stopped using public funds to invest in Bitcoin

According to a post and screenshot released by crypto KOL Crypto Rover, the International Monetary Fund (IMF) stated that El Salvador has stopped using public funds to invest in Bitcoin. -Original

6. Arizona's Bitcoin reserve legislation enters final voting stage

According to Bitcoin Laws, two Bitcoin reserve bills in Arizona are scheduled for a third reading next Monday and may undergo a final vote. If passed, Arizona is expected to become the first state in the U.S. to officially establish a Bitcoin reserve, marking significant progress in state-level digital asset policy. -Original

7. Lending protocol Loopscale attacked, $5.7 million USDC stolen

The Solana-based lending protocol Loopscale disclosed on platform X that at 11:30 AM EST (April 26, 11:30 PM Beijing time), the pricing function of Loopscale's RateX PT token was manipulated, resulting in approximately $5.7 million USDC and 1200 SOL being stolen from Loopscale's USDC and SOL vaults. Currently, all markets of Loopscale have temporarily halted trading to allow the team to conduct further investigations. The funds involved in this security breach account for about 12% of Loopscale's total funds and only affect depositors who deposited funds into Loopscale's USDC and SOL vaults. Borrowers and loop loan users were not affected. The team is working hard to restore the repayment function as soon as possible to avoid unforeseen liquidation situations. They are closely collaborating with law enforcement officials, security experts, and investors to recover the funds. More information and a complete technical analysis report will be released as soon as available. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

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