News

Jinse Finance reported on April 20 that Cathie Wood's Ark Invest stated that many market participants have already embraced the narrative of a weakening US dollar. However, we continue to see reasons for potential upside. We believe that capital-friendly tax policies, deregulation, and the increased relative returns from investing in the US may support sustained demand for dollar-denominated assets. If foreign direct investment continues to strengthen and capital flows are favorable to the US, then the dollar could appreciate—even if many investors expect the opposite. In our view, this is yet another example of how consensus thinking can overlook the full implications of innovation-driven, investment-led cycles.

Golden Ten Data reported on April 20 that, according to a research report from China International Capital Corporation, looking ahead, it is recommended to pay attention to the structural reassessment on the supply side of nonferrous metals brought about by geopolitical conflicts. This includes substantial damage to electrolytic aluminum capacity, mining, smelting, and transportation issues caused by shortages of sulfuric acid and fuel, which may drive the prices of nonferrous metals such as copper, aluminum, and lithium to fluctuate and strengthen.

According to BlockBeats, on April 20, Reserve, a stablecoin platform on Ethereum, announced that it is closely monitoring the Kelp DAO LayerZero bridge attack incident. At present, Reserve DTF holders are considered to be almost unaffected. If rsETH on the mainnet undergoes a significant devaluation (potentially requiring a 15.5-18.5% write-down), Aave may incur bad debt, which could in turn impact Aave V3's USDC collateral. RSR stakers in Reserve Protocol's USD3 and eUSD may serve as "first loss capital" for protection. However, the impact is minimal, and the excess RSR collateral is sufficient to cover it. ETH+ and bsdETH contain no rsETH collateral at all, resulting in zero risk. As a precaution, Reserve has temporarily suspended minting, rebalancing, and RSR un-staking for eUSD and USD3. Redemption functions remain fully open, and users who require RSR over-collateralization protection are advised to continue holding.