Trump's approval rating is at its lowest, Ethereum members propose new fee structure for application layer

Headline

▌Poll: Trump's approval rating after 100 days in office is the lowest among all US presidents in 80 years

US President Trump will be in office for 100 days in his second term. On April 27, local time, a new opinion poll jointly conducted by ABC, The Washington Post and Ipsos Group showed that Trump's approval rating after 100 days in office was 39%, a figure that dropped by 6 percentage points from February this year and set the lowest approval rating for all US presidents in the past 80 years.

▌Ethereum community members propose a new fee structure for the application layer

Ethereum community members Kevin Owocki and Devansh Mehta proposed a dynamic fee structure proposal for the Ethereum application layer on April 27 to strike a balance between the revenue creation of application developers and the fairness of fee extraction. The scheme uses a square root function to calculate the fee ratio, charging a higher ratio when the fund pool is small, and a fee cap of 1% when it exceeds US$10 million to support application developers and encourage project growth. Owocki and Mehta’s proposal to balance revenue and profitability for ethereum application developers reflects growing calls for reforms to fee structures and value accrual mechanisms to keep ethereum economically viable relative to competing networks.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $93,527.70, with a daily increase or decrease of -1.4%;

ETH's latest transaction price is $1,784.33, with a daily increase or decrease of -2.8%;

BNB's latest transaction price is $603.47, with a daily increase or decrease of -0.7%;

SOL's latest transaction price is $147.50, with a daily increase or decrease of -1.6%；

DOGE's latest transaction price is $0.1779, with a daily change of -2.8%；

XPR's latest transaction price is $2.24, with a daily change of +2.0%。

Policy

▌It is reported that the European Central Bank generally tends to support another interest rate cut in June

Sources said that the European Central Bank's decision-makers are increasingly confident in cutting interest rates in June in response to the continued decline in inflation, but will not make a large cut. Last week, several ECB board members attended the International Monetary Fund (IMF) and the World Bank Spring Meetings and talked about the possibility that the eurozone and global economy may deteriorate due to US tariffs. At the same time, the latest economic data released by the eurozone also reflects the phenomenon. As for inflation, there is no sign of deterioration due to tariffs. Sources said that more ECB board members believe that it is a more appropriate decision to make an eighth consecutive interest rate cut of 0.25% at the interest rate meeting on June 4. The ECB will also release its latest economic forecast on the same day. However, ECB officials remain open-minded and will make a final decision based on the data released next month.

Blockchain Applications

▌Term Finance lost $1.6 million due to oracle configuration error, and has recovered more than $1 million

Term Finance, an Ethereum fixed-rate lending agreement, lost about $1.6 million in ETH due to oracle configuration error. The team said that through internal capture and negotiation, more than $1 million in funds have been recovered, and the remaining deficit will be covered by the protocol treasury, and a detailed review report is planned to be released. Term emphasized that "this is not a hacker attack, no smart contracts have been exploited, and user funds have not been directly targeted." On the same day, the DeFi protocol Impermax Finance also suffered a flash loan attack, with losses exceeding $150,000.

Cryptocurrency

▌Data: Nearly 100 new entities holding more than 1,000 BTC have joined the Bitcoin network since late January

According to on-chain analyst @ali_charts, nearly 100 new entities holding more than 1,000 BTC have joined the Bitcoin network since late January.

▌Bitwise CEO: Google searches for "Bitcoin" are close to long-term lows, and the current market is not driven by retail investors

Bitwise CEO Hunter Horsley posted on the X platform that the price of Bitcoin has reached $94,000, but the search volume for "Bitcoin" on Google is close to a long-term low. This is not driven by retail investors. Institutions, investment advisors, companies and national entities have entered the market. The types of investors who buy Bitcoin are becoming increasingly diversified.

▌Founder of Trump family project WLFI met with Zhao Changpeng in Abu Dhabi to discuss promoting the global adoption of cryptocurrency

World Liberty Financial (WLFI), a Trump family crypto project, said on the X platform that its founders Zach Witkoff, Zak Folkman and WatcherChase met with Binance founder Zhao Changpeng in Abu Dhabi to discuss promoting the global adoption of cryptocurrency and setting new standards. Zhao Changpeng previously wrote that he met with Zach Witkoff and Bilal Bin Saqib that day, and expected that traditional media might fabricate negative reports about this, but emphasized that he would continue to focus on construction.

▌ALPACA fell more than 50% in 1 hour in the early morning, and its market value is now about 27 million US dollars

According to Coingecko data, ALPACA had a flash crash at 3 am today, falling more than 50% in 1 hour. The current price is about 0.1779 US dollars, and the market value is about 27 million US dollars.  

Previously, Binance announced that it would delist the token on May 2, 2025. After the announcement, ALPACA once rose by more than 800%.

▌The 1inch team investment fund sold part of WBTC the day before yesterday and then increased its holdings by 5.498 million 1INCH

According to monitoring by on-chain analyst Yu Jin, the 1inch team investment fund sold part of WBTC the day before yesterday and then started buying 1INCH: in the past day or so, it bought 5.498 million 1INCH at a price of US$0.199 through limit orders, spending 1.094 million USDC.

▌CZ: Satoshi Nakamoto is an artificial intelligence from the future

Binance founder CZ posted on social media, "Satoshi Nakamoto is an artificial intelligence from the future. I was just asked "Who do I think Satoshi Nakamoto might be" in a live interview in Turkey (still ongoing). I always tweet when I'm in a meeting."

Important Economic Dynamics

▌The "new world order" in the U.S. Treasury market raises concerns about long-end U.S. Treasuries

The "sell U.S. bonds" trade that swept the market earlier in April may have a lasting impact on investors' willingness to hold the U.S. government's longest-term bonds (the main pillar of the U.S. government's deficit financing tools). The problem for bond managers at BlackRock Inc., Brandywine Global Investment Management and Vanguard Group is that as President Trump approaches 100 days in office, he is creating more and more unknowns, forcing traders to focus on a wide range of issues beyond where interest rates might go. The result is that bond buyers are questioning the traditional safe haven status of U.S. government debt and demanding higher yields on longer-dated bonds.

▌The probability of the Fed keeping interest rates unchanged in May is 90.3%

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in May is 90.3%, and the probability of a 25 basis point rate cut is 9.7%. The probability of the Fed keeping interest rates unchanged by June is 35.5%, the probability of a cumulative 25 basis point rate cut is 58.6%, and the probability of a cumulative 50 basis point rate cut is 5.9%.

▌Trump: Meeting with Ukrainian President Zelensky went well

US President Trump said that the meeting with Ukrainian President Zelensky went well, and it remains to be seen how the situation will develop in the next few days. He is very disappointed with Russia. He hopes that Russian President Putin will stop firing and reach an agreement. The boundaries of the agreement have been determined. Ukrainian President Zelensky seems to be calmer now and hopes to reach an agreement.

▌US Treasury Secretary Bessant: Investors may not lose confidence in the US market

US Treasury Secretary Bessant was interviewed on Sunday. The host asked whether he was worried about the double kill of US stocks and bonds and the fact that investors seemed to have lost confidence in the United States? Bessant responded: "You're talking about a loss of confidence again. I don't think it's necessarily a loss of confidence. I've had 35 to 40 years of experience in the markets. Anything that happens in a two-week or a one-month window could be statistical noise or market noise. You know, we are long-term investors. What's important is that we are laying the foundation for a strong dollar, a strong economy, a strong stock market and letting investors know that the U.S. government bond market is the safest and most robust in the world."

Golden Encyclopedia

▌What is an address poisoning attack

In the cryptocurrency world, hostile behavior by attackers to influence or deceive consumers by tampering with cryptocurrency addresses is called an address poisoning attack. On the blockchain network, these addresses, which are composed of different alphanumeric strings, are the source or destination of transactions. These attacks use various methods to undermine the integrity and security of crypto wallets and transactions.

Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.