MyToken Short-Term Trading Assistant just detected a sell signal of LTC/USDT at UTC/GMT 02:00:00 am, Apr. 09, with the sell price at 53.83 USDT. According to the analytical result from Short-Term Assistant, recently LTC is going weak and showing a downtrend. The next resistance level above is 55.18 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡

Odaily Planet Daily reports that South Korea's ruling party has proposed a "Basic Law on Digital Assets," aiming to establish a comprehensive legal framework covering issuance, trading, custody, and regulation. The bill classifies stablecoins and other digital assets pegged to fiat currency or real-world assets as a special category, requiring issuers to obtain licenses and meet requirements regarding capital, reserves, and redemption. Simultaneously, the bill proposes introducing a licensing and information disclosure system, explicitly prohibiting market manipulation and insider trading, and plans to establish a Digital Assets Committee to coordinate regulation. (CoinDesk)

According to market sources, Strategy founder Michael Saylor believes that Bitcoin likely bottomed out around $60,000 in early February, flushing out traders forced to sell. He argues that the bottom was determined more by seller exhaustion than valuation, and current selling pressure is limited—ETF inflows are absorbing Bitcoin's daily supply, and corporate asset allocation to Bitcoin is creating sustained demand. Saylor predicts the catalyst for the next bull market will be the formation of a banking and digital credit system built on Bitcoin, transforming it from a non-interest-bearing asset into a capital market engine. Regarding the recent debate about the threat of quantum computing, he believes the risks are exaggerated and remain theoretical, likely decades away, by which time solutions will also be available. Mizuho maintains its "Outperform" rating on Strategy with a target price of $320, representing approximately 150% upside from the current share price of $127.

According to Odaily Planet Daily, Strategy founder Michael Saylor stated that Bitcoin may have bottomed out around $60,000 in February, with the bottom driven more by a contraction in seller supply than by traditional valuation factors. He pointed out that continued inflows into ETFs are absorbing new supply into the market, while corporate inclusion of Bitcoin in their asset allocations provides stable demand. Saylor believes that the key to future price movements may lie in the credit system built around Bitcoin, transforming it from a non-interest-bearing asset into a capital market tool. Regarding the threat of quantum computing, he stated that the related risks are overestimated and remain theoretical in the short term. (CoinDesk)

the total open interest amounted to $80269364481.25375, with BTC at $38.55 billion, ETH at $23.38 billion, XRP at $2.97 billion, LTC at $1.36 billion, ETC at $1.30 billion, DASH at $777.93 million, IOTA at $687.03 million, XMR at $451.54 million, . The data is sourced from the quarterly and perpetual contracts on Bitget,dYdX,Deribit,CME,Hyperliquid,Binance,Coinbase,OKX,Bybit,Gate,HTX,Kraken,Crypto.com,Bitfinex,BitMEX. This report is for informational purposes only and does not constitute investment advice.