Bitget UEX Daily newspaper |mei’s negotiations are at an impasse; Trump says the Lebanese-Israeli ceasefire has been extended; Intel Press is over-anticipating (24.04.2026)

I. Hot spots

Federal Reserve Developments

The Fed presses Wall Street for new capital rules

• IN EARLY APRIL, FED VICE-PRESIDENT BOWMAN MET WITH CEOS FROM LARGE BANKS SUCH AS MORGAN CHASE AND GOLDMAN SACHS, WHO EXPLICITLY REQUESTED INDUSTRY TO ASSESS THE IMPACT OF NEW CAPITAL PROPOSALS FROM A HOLISTIC PERSPECTIVE RATHER THAN CONTINUE TO SEEK ADDITIONAL EXEMPTIONS。
• The overall reduction of bank capital requirements in the proposal is expected to focus on constructive comments during the mid-June feedback period, with a low probability of significant changes。
• Market impacts: This is expected to ease regulatory and banking tensions and boost financial sector confidence in the short term, but the profit margin will still be tested in the long run if final capital requirements remain binding。

Major international commodities

Once again, the US and Iran are in tension, pushing up oil prices, and the gold is falling back

• Trump claimed that the Strait of Hormuz had been “completely blockaded” until Iran had reached an agreement and ordered the sinking of any mine-laying vessel; and that Iran had activated the Tehran air defence system to intercept “hostile targets” and that negotiations had reached an impasse。
• Crude oil rose by over 5 per cent in one day, more than 3 per cent in the day, and Brent's crude oil reached a new high of more than two weeks; and gold rose by over 1 per cent。
• Market impact: geo-risks support energy prices in the short term, but if the impasse continues, it may further push inflationary pressures and constrain global economic growth expectations。

Macroeconomic policy

IN APRIL, THE UNITED STATES MANUFACTURING INDUSTRY SET ITS INITIAL PMI AT NEARLY FOUR YEARS HIGH, AND INFLATION REBOUNDED TO EXACERBATE THE FED'S DILEMMA

• By the beginning of the week of 18 April, the United States had invited 214,000 people for unemployment benefits, with an estimated 210,000 people, with the previous value revised from 207,000 to 208,000。
   
• MANUFACTURING PMI RECORDED 54, INTEGRATED PMI INCREASED TO 52, SERVICE PMI 51.3, AND THE OVERALL ECONOMY EXPANDED MILDLY。
• Growth has been driven mainly by tariff-driven preventive hoarding, which is not real demand; prices of goods and services have increased most since July 2022。
• Market impacts: weak demand goes hand in hand with inflation, the Fed's interest-rate threshold is significantly higher, and the market needs to focus on subsequent data to validate economic resilience。

Market revisiting

large commodities & foreign exchange performance

• Cash gold(a) A slight increase of 0.27 per cent and an estimated $4,700
• Cash and silver: A small increase of 0.14 per cent. About $75
• WTI CRUDE OILIncrease of 0.98 per cent in the amount of $96.75
• Brent crude oilIncrease of 1.09 per cent, approximately $106.2 per cent
• United States dollar index: Accelerated to 98.81, almost two weeks high。

Encryption Currency Performance

• BTC(a) A slight decline of 0.04 per cent and an estimated $78378
• ETH(a) A 1.67 per cent drop and an estimated $2333
• Total market value of encrypted currencyA small fall of 0.2 to 2.7 trillion dollars
• Market warehouse situation: 24H TOTAL BLAST WAREHOUSE OF APPROXIMATELY $204 MILLION, WITH AN ADDITIONAL $126 MILLION
• Bitget BTC/USDT liquidation map: the current price is about 78,364, with multiple settlement (red) on one side having been significantly digested below 77k, while over 78.5k-80k there is an intensive empty clearing pile with a short-term incentive to “squeeze” upward. at the same time, the high leverage (50x/100x) is concentrated around 78k-79k, indicating a high risk of volatility in the zone, which is easily magnified once the breakthrough is made, but may also be quickly plugged into liquidation。

• NET INCOMING/OUTWARD SPOT ETF: BTC SPOT ETF RECEIVED A SMALL NET INFLOW OF $55.8 MILLION YESTERDAY; ETH SPOT ETF MADE A NET OUTFLOW OF $54.9 MILLION YESTERDAY
• BTC SPOT INFLOW/EXIT: yesterday's inflow of $2,355 million, outflows of $2,395 million and net outflows of $40 million。

United States equity index performance

• Finger(a) Decline of 0.36 per cent and reporting of 49,310.32 points, which is hampered by the software stock
• Pistol 500(a) A drop of 0.41 per cent and a report of 7,108.40 points, far from recent records
• Nut finger: Down by 0.89 per cent, reporting 24,438.50 points, and the plate driver is the fragmentation of the technology stock under geo-stress。

Technology giant dynamics

• INTEL (INTC): +2.31 PER CENT ($66.78), WHICH AT ONE TIME SURGED TO NEARLY 20 PER CENT, AND Q1 BATTALION RECEIVED AND DIRECTED SIGNIFICANTLY ABOVE EXPECTATIONS
• TESLA (TSLA): -3.56 per cent ($373.72), offset by anticipated short-term gains from an increase in capital expenditure throughout the year
• MICROSOFT (MSFT): 3.97 per cent ($415.75), delayed by the entire software plate
• APPLE (AAPL)+0.30 per cent ($273.99) with limited geo-risk impact
• AMAZON (AMZN)- 0.11 per cent ($255.08) adjusted with large disks
• YVDA (NVDA)- 1.41 per cent (US$ 199.64), chip plate total strength
• Alphabet (GOOGL)+0.37 PER CENT (US$ 340.59), INCREASED COMPETITION IN AI CORE CAUSES: CONTINUED GROWTH OF SEMICONDUCTOR PLATES, HIGH FINANCIAL PERFORMANCE IN INTEL, TEXAS INSTRUMENTS, ETC., AND COLLECTIVE PRESSURE ON THE SOFTWARE STOCK DUE TO THE TRANSFORMATION OF THE AI BUSINESS MODEL。

Plank Instant Observation

Software BoardThe fall is ahead

• Representation of units: Servicenow fell by nearly 18 per cent and Salesforce by 9 per cent
• DRIVERS: LARGE ORDERS ARE INFLUENCED BY MIDDLE EAST FIGHTING AND AI SHOCKS TO TRADITIONAL SOFTWARE MODELS, AND INVESTORS WORRY ABOUT LONG-TERM GROWTH NARRATIVES

Semiconductor plateAlmost 2%

• Representation of units: 19 per cent increase in Texas instruments and 20 per cent increase in the Intel drive
• Driver: Quarterly performance and guidance robust and data centre demand sustained record increase

III. Depth interpretation

1. SAIFU TIME (CRM) - AID SHOCK SOFTWARE BUSINESS MODEL CONCERNS RE-EMERGENCE

Summary of events: Saifou has suffered a sharp decline of nearly 9 per cent in stock prices, and although it is expected to record the fastest growth rate in recent years, the market is concerned that the continuous evolution of artificial intelligence tools will reshape traditional software sales patterns from “functional seats” to “productivity units”. Goldman Sachs studies indicate that software companies are trying to access the larger labour-budget market, but that short-term transition pains are evident。Market interpretation: It is generally accepted that this shift supports SaaS ' long-term valuation positively, but current investors still focus on short-term implementation risks。Investment revelation: AI REMODELS THE SOFTWARE INDUSTRY AND COMPANIES WITH CLEAR PRODUCTIVE TRANSFORMATION PATHS ARE EXPECTED TO TAKE THE LEAD IN THE TRANSITION。

2. INTEL (INTC) - ONE-QUARTER FINANCIAL REPORTING AND GUIDANCE DOUBLE EXPECTATIONS

Summary of eventsTHE Q1 BATTALION RECEIVED $1.36 BILLION MORE THAN EXPECTED, WITH STRONG GUIDANCE IN THE SECOND QUARTER AND A 22 PER CENT GROWTH IN DATA CENTRE OPERATIONS. THE SEMICONDUCTOR INDEX HAS RECORDED A RECORD INCREASE OF 17 TIMES。Market interpretation: THE NEED FOR THE AGENCY TO WATCH THE CHIP CONTINUES TO WARM, AND INTEL'S LAYOUT IN THE AI SERVER AREA IS GRADUALLY BEING REALIZED。Investment revelation: The quarterly bright spots are high and the half-conductor plate fundamentals are strong and warrant continued attention to valuation restoration opportunities。

TESLA (TSLA) - REVISED CAPITAL EXPENDITURE PROJECTIONS UPWARDS THROUGHOUT THE YEAR

Summary of events: Tesla fell by more than 3 per cent and the company increased its 2026 capital expenditure guidelines to show positive investment in future growth。Market interpretation: The agency considers this to be a short-term increase in expenditure pressure, but a long-term benefit for automatic driving and expansion of energy operations。Investment revelation: Increased capital spending reflects management confidence and investors need to focus on the impact of implementation on the ground。

4. TEXAS INSTRUMENT (TXN) - SIGNIFICANT OVER-EXPECTED PERFORMANCE DURING THE QUARTER

Summary of eventsTHE TEXAS INSTRUMENT Q1 COMPANY RECEIVED $4.83 BILLION, AN INCREASE OF 19 PER CENT OVER THE SAME PERIOD; AND THE GAIN OF $1.68 PER SHARE, AN INCREASE OF 31 PER CENT OVER THE SAME PERIOD, SIGNIFICANTLY EXCEEDED THE ANALYST ' S EXPECTATIONS. THE DEMAND FOR ANALOG CHIPS AND DATA CENTRES WAS STRONGLY DRIVEN BY GROWTH, WITH STOCK PRICES INCREASING SIGNIFICANTLY BY ALMOST 19 PER CENT THAT DAY。Market interpretation: THE INSTITUTION CONSIDERS THE RECOVERY OF THE SEMICONDUCTOR CYCLE TO BE SUSTAINED AND THE TXN HAS BENEFITED FULLY FROM ITS STRONG POSITION IN THE INDUSTRIAL AND ANALOG CHIP FIELDS。Investment revelation: There is a clear trend in the warming of semiconductor demand and the corporate fundamentals of the diverse applications are strong。

IV. Developments in encryption money projects

1 Ben Slavin, Director of the Global ETF in the Melon Bank Asset Services in New York, stated that annual financial flows to the Bitcoin ETF had been converted to positive values. The cumulative net inflow of 12 spot bitcoin ETFs exceeded $335 million per day, net monthly inflows exceeded $2.1 billion, and net inflows to date at the beginning of the year and for three months amounted to approximately $1.8 billion。

According to Morgan Chase analyst Nikolaos Panigirtzoglou, continued decentralisation of financial security loopholes and weak growth continue to limit institutional interest in the DeFi area. The Kelp DAO-related attack has caused the total stock of DeFi to evaporate by some $20 billion in a few days, and the attackers have forged $292 million in collateral-free rsETH coins and borrowed real ETH on Aave, causing some $230 million in bad debts。

3 The Treasury Agreement, based on Morpho,3F, announced the completion of $4 million in financing, of which $750,000 in Pre-Seed rounds were launched in July 2025, completed in November, $3.3 million in seed wheels were launched in November 2025 and completed in March 2026. Seed wheel by Maven 11。

4/ F2Pool co-founded Chun Wang, which received 83.7 million SPK from Spark over the past year as an incentive, converted 663 ETH and approximately $1.4 million in cash through COWSwap, and now regrets the sale of all of this。

According to Iranian media Fars News: There are inaccurate reports that Iran collects tolls in the Strait of Hormuz in encrypted currency。

V. Today ' s market calendar

Data release schedules

The big news

• Events: US Michigan Consumer Confidence Index - Focusing on inflation expectations and consumer resilience

Institutional perspective:

A WELL-KNOWN INVESTMENT BANK ANALYST GENERALLY BELIEVES THAT YESTERDAY THE US-UNITED STATES STOCK WAS SLIGHTLY REDUCED BY THE STALEMATE IN THE NEGOTIATIONS BETWEEN THE US AND IRAN, AND THAT THE SOFTWARE BLOCK ADJUSTMENT REFLECTED THE PAIN OF THE TRANSFORMATION OF THE AI BUSINESS MODEL, BUT THE 17-YEAR-OLD SEMICONDUCTOR PLATE BOOMS SHOWED FUNDAMENTAL RESILIENCE. CRUDE OIL IS SUBJECT TO A SHORT-TERM INCREASE IN GEOGRAPHICAL RISK, WHILE GOLD IS UNDER PRESSURE; RISK ASSETS SUCH AS BITCOIN FLUCTUATE WITH UNITED STATES EQUITY. THE AGENCY NOTED THAT THE PMI DATA OF APRIL HAD SHOWN THAT HOARDING DRIVEN GROWTH WAS WEAK, THAT INFLATION REBOUNDED THE FED’S INTEREST RATE REDUCTION EXPECTED TO BE FURTHER DELAYED AND THAT THE MARKET NEEDED TO FOCUS ON NEXT WEEK’S CONSUMER CONFIDENCE DATA TO VERIFY ECONOMIC RESILIENCE. ON THE WHOLE, GEO-UNCERTAINTY PEAKS OR OVERSTEPS, BUT VOLATILE ENERGY PRICES WILL CONTINUE TO AFFECT BUSINESS EARNINGS AND INFLATION PATHS, AND INVESTORS ARE ADVISED TO LOOK FOR STRUCTURAL OPPORTUNITIES IN THE LONG-TERM TRENDS BETWEEN AI AND THE SEMICONDUCTOR, WHILE KEEPING CLOSE TRACK OF THE SITUATION IN THE MIDDLE EAST。

DISCLAIMER: THE ABOVE IS COLLATED BY AI, MANUALLY ISSUED ONLY FOR VALIDATION AND IS NOT RECOMMENDED FOR INVESTMENT。