News

Golden Ten Data reported on April 20 that Commerzbank stated that in the long term, the euro could appreciate against the US dollar because the European Central Bank has greater flexibility than the Federal Reserve in addressing higher inflation. “In the long run, the key is not which central bank raises interest rates faster or by a larger margin, but which central bank manages to successfully control inflation.” She pointed out that due to a significant increase in import tariffs, the US core inflation rate is higher than that of the eurozone. However, pressure from the Trump administration on the Federal Reserve makes it difficult for the Fed to respond adequately to inflation shocks.

According to Onchain Lens monitoring, an OTC whale (0xFB7) deposited 1,000 cbBTC (74.02 million USD) to an exchange, earning a profit of 1.97 million USD. This whale still holds 2,000 cbBTC (149.6 million USD) and 133,200 ETH (31.62 million USD).

Golden Ten Data reported on April 20 that the European Union will introduce measures to optimize the allocation of aviation fuel among its member states and assist in finding alternative sources of supply. According to draft documents, the European Commission will announce on Wednesday that these measures could be proposed as early as next month. About 40% of the EU’s aviation fuel is imported, with half of that coming through the Strait of Hormuz. Although the EU expects to have enough aviation fuel in April to avoid shortages, supply pressures will intensify if the closure of key shipping routes continues for an extended period. Last week, Dutch airline KLM Group stated that due to rising costs, it will cancel 80 round-trip flights to and from Amsterdam Schiphol Airport in the coming month.