Micro and Macro Market News on Apr 11th

Reaching Smart Money's latest actions at bit.ly/iCryptoAI

DAILY NEWS

- $GBTC: Green returns on 10/04 with over +$124M flowing into Bitcoin spot ETFs, while Grayscale only sold -$17.5M, resulting in funds netting nearly +$142M.

- $BTC: Bouncing back to $70k, the price reaction is quite unpredictable. Despite the slightly negative impact of the Core CPI on the crypto market, causing BTC to pull back at $67.5k, the price of BTC has shown a strong recovery.

- $UNI: Uniswap exchange receives a warning from the SEC regarding securities violations.

- $SWELL: Swell opens an airdrop farming program, allowing users to stake $ETH, $LST, $LRT, $ALT, and receive points from EigenLayer, Swell, and other L2 Swell projects.

- $GMT: M2E StepN game airdrops $30M GMT to NFT Genesis Speaker holders.

- $NEAR: Plan to hire AI engineers and will release a related announcement NEAR-AI in May.

- $ALPEN: Bitcoin Layer 2 project Alpen Labs raises $10.6M in funding, led by Ribbit Capital.

- $SUI: Mysten Labs partners with Playtron to launch SuiPlay0x1.

- $THETA - $ATH: Theta announces a partnership with Aethir Cloud to launch the largest hybrid GPU marketplace for AI & DePIN.

MACRO NEWS

- President Joe Biden: Inflation higher than expected, the interest rate cut may be further delayed by another month or longer, but it is certain to be reduced before the end of the year

- Hot U.S. inflation data pushes market’s rate cut expectations to September

- Google launching AI photo eraser for iPhone and Android phones in May

- Biden and Kishida Enlist Amazon, Nvidia to Fund AI Research

- ADB Says Developing Asia Set for Growth as China’s Economy Slows