Odaily Planet Daily reports that Binance Co-CEO He Yi, during a fireside chat on the theme "Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy," stated: "When the internet first emerged in Silicon Valley, it had a very strong hippie culture. In that era, many people considered those involved in the internet and technology to be geeks or oddballs. However, I think the internet saw a significant divergence at that time. Those who went left created the dark web, advocating absolute freedom; those who went right created Google and Amazon, becoming ordinary commercial companies serving a wider global audience. If you ask me where Binance will go, we will definitely move unwaveringly towards becoming a commercial company serving the masses. But at the same time, as we serve the masses, I think we haven't forgotten that technological innovation is still extremely important, whether it's blockchain technology or AI." Technology, often perceived as subject to stigma or controversy in the crypto space, is a normal phenomenon for new things. If everyone understood it and there were no disputes, how could there be so many arduous challenges and continuous innovation? Looking back at my childhood experiences of going to internet cafes, my mother probably wanted to break my legs. Therefore, when we see blockchain being embraced by both Wall Street and traditional finance in a complete 180-degree turn, I think it precisely indicates that the industry is becoming increasingly mature, and the early-stage dividends are diminishing. When early dividends decrease, complaints tend to increase. The early-stage dividend period is over, and we enter the so-called maturity stage. Crossing the chasm means that all these products need to truly have value and be practically applied. Therefore, I have great respect for many professional technical experts in the industry, but I often ask them a question: What is your technology used for? What problems can it solve? And will anyone be willing to pay for it?

Odaily Planet Daily reports that due to geopolitical uncertainties facing central banks worldwide, Mitsubishi UFJ has postponed its expected interest rate hike by the Bank of Japan from April to June. Analysts at the company stated, "Given the limited availability of hard economic data following escalating tensions in the Middle East, the Bank of Japan is likely to proceed cautiously." However, with inflation-adjusted interest rates in Japan remaining at "extremely low" levels, this should prompt Bank of Japan Governor Kazuo Ueda to indicate a willingness to implement monetary tightening measures at next week's press conference to prevent increased inflationary pressures. (Jinshi)

According to Onchain Lens monitoring, the Matrixport-linked wallet (0x3CE...9C79) received 6,383 ETH from OKX after a year of inactivity, worth $14.49 million. The wallet currently holds 18,383 ETH, worth $41.82 million.

Odaily Planet Daily reports that Alibaba's ATH (AI Technology Center) announced that HappyHorse-1.0 will gradually open its API for testing through the Alibaba Cloud Bailian platform starting April 27th, with enterprise customers being the first batch of invited testers. This "dark horse" in the video generation field is about to unveil its mystery. Alibaba ATH revealed that Alibaba has been deeply involved in AI video generation for many years. The HappyHorse project is led by ATH's Innovation Business Unit, in collaboration with multiple teams including Alibaba Platform Technology, Tongyi Lab, and Taotian Technology. After the open testing at the end of April, HappyHorse-1.0 will be officially released for commercial use in May. (Jinshi)

According to Odaily Planet Daily, renowned developer and Yuga Labs VP 0xQuit posted on X that Aave's situation is dire and worsening. Multiple liquidity pools are at 100% utilization, leaving depositors "trapped" and the protocol facing further bad debt risks. If the price of ETH falls, and Aave cannot effectively liquidate (which is currently the case), it will ultimately lead to inefficient liquidation and even more bad debts. If the problem is not resolved quickly, this situation could snowball.