The current increase in SKY's chip concentration and the upgrade of governance mechanisms have laid a solid foundation for its medium- to long-term value. However, in the short term, major funds remain on the sidelines, and the price continues to fluctuate in the $0.0735–$0.0770 range. A significant breakout in volume is still waiting for on-chain ecosystem delivery and confirmation of incremental funds. It is recommended to monitor further accumulation by institutions such as SDEV and the progress of reserve expansion. If accompanied by a surge in trading volume, appropriate position increases may be considered; however, if the lower range is breached, position sizes should be controlled to guard against short-term volatility risk.

Tether's support for SDEV's private financing has further expanded SDEV's SKY holdings and is dedicated to introducing more traditional investors into the Sky Protocol and USDS stablecoin ecosystem. This move holds significant meaning for the usability and infrastructure development of stablecoins, forming a solid backing for SKY's long-term value. On the daily chart, from April 15 to 16, SKY rebounded from $0.0744 to $0.0769, indicating a certain degree of market response to positive ecosystem news. However, trading volume overall remains below previous average levels, signaling that major funds are still on the sidelines. If SDEV continues to add positions or ecosystem developments materialize, it is likely to bring continued incremental demand.

Tether supported Stablecoin Development Corporation's (SDEV) $134 million private funding, primarily to increase SKY token holdings. SDEV, targeting traditional investors in stablecoins, holds about 2.15 billion SKY tokens (9.15% of total supply) and builds an ecosystem around Sky Protocol and its stablecoin USDS. Their goal is to promote stablecoin and DeFi real-world use and ease user access. Tether's CEO emphasized stablecoins' growth depends on usability and infrastructure, shifting focus to daily payments and practical applications.

Tether supports SDEV's $134 million financing to develop stablecoin infrastructure and the SKY ecosystem.

Sky Governance has released a dual structural improvement plan: first, increasing the size of the optional reserve to $150 million; second, introducing a three-phase staking reward transition model, aiming to enhance risk-buffering capacity and the stability of mid- to long-term incentive mechanisms. From a technical perspective, since April 2, SKY's price has fluctuated within the $0.0735 to $0.077 range, with narrowing volatility and a prudent stance in capital flows. Within this oscillating range, reserve expansion helps boost market confidence, restores traders’ expectations of protocol sustainability and capital security, and may lay the groundwork for a future breakout in volume.

Sky Governance announced two structural upgrades to enhance its capital protection: increasing the backup reserve fund to $150 million and launching a three-phase staking rewards transition model for greater sustainability.

Sky plans to increase its backup reserve fund to $150 million and launch a three-phase staking rewards transition model.

Bitcoin recently broke through $74,000 and approached the key $75,000 resistance; the negative gamma range in the derivatives market could amplify price volatility. On April 14, however, SKY underperformed on the daily chart, dropping from $0.0758 to $0.0744, suggesting short-term funds are shifting from the altcoin sector to bitcoin or traditional assets. At the same time, discussions about capital rotation between traditional and digital assets are heating up on major trading platforms and among KOLs, and the short-term sentiment will be frequently driven by these trending topics. Against this backdrop, if SKY's trading volume within the key range cannot significantly expand, further downside risk remains.

Decentralized contract trading platform SunX will host a livestream at 8 PM (UTC+8) titled "Bull and Bear Crossroads: TradFi Heating Up, Crypto or US Stocks?" Crypto KOLs including Jack C., Maomaojie, DaDa, Shiziyang|Golden.S, and Qiurong will discuss the divergence between US stock and crypto markets, capital rotation between traditional finance and crypto assets, trading strategies, risk control, and future opportunities and asset allocation.

TradFi heats up, Crypto fluctuates: SunX will live stream today to discuss current market investment strategies.

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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SKY price today is 0.08, with a live price change of 2.52 in the last 24 hours. Convert, buy, sell and trade SKY on Bybit-eu.

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