ETH falls below the $1600 mark

Odaily Planet Daily News: Binance announced the launch of KYC re verification for Indian users to comply with anti money laundering (AML) regulations. This measure highlights Binance's efforts to promote compliance in one of the fastest-growing cryptocurrency markets in the world.

BlockBeats News: On April 19th, ABCDE co-founder Du Jun posted on social media that ABCDE has officially stopped investing in new projects and suspended the fundraising plan for the second phase of the fund. The original team will continue to be responsible for post investment support and exit arrangements for existing projects, ensuring that commitments to entrepreneurs and LPs are earnestly fulfilled. His personal work focus will gradually shift from financial investment in the primary market to a direction dominated by strategic investment and combined with deep incubation, focusing more on industrial synergy and long-term value creation.

OKX-CORE is currently priced at $0.6833, with a 24-hour increase of 17.83%. 24-hour transaction volume of 57.75 million US dollars, an increase of 46.07%, for reference only

The Binance GMT/USDT perpetual funding rate is currently -1.00%, and bears need to pay funding fees to bulls, indicating a high bearish sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.

Odaily Planet Daily News: Macroeconomist Lyn Alden said that after President Trump announced tariffs, the predicted price of Bitcoin has slightly decreased, but it is expected that the price of Bitcoin will still be higher than the current $85000 by the end of 2025. Alden believes that if a "massive liquidity release" occurs, Bitcoin may achieve more optimistic goals, similar to the global economic cycle from 2003 to 2007. （Cointelegraph）