Key TakeawaysA U.S. court approved a class action lawsuit against Nvidia and CEO Jensen Huang over undisclosed crypto-related GPU revenue.Plaintiffs allege Nvidia hid over $1 billion in crypto mining sales within its gaming segment.The case covers investors between Aug. 2017 and Nov. 2018, citing stock price impact.Nvidia was previously fined $5.5 million by the SEC in 2022 for similar disclosure failures.A U.S. federal court has ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related revenue can proceed as a class action, marking a significant development in one of the crypto industry’s longest-running disclosure disputes.The lawsuit covers investors who purchased Nvidia shares between Aug. 10, 2017 and Nov. 15, 2018. Plaintiffs claim the company failed to disclose more than $1 billion in GPU sales tied to cryptocurrency mining, instead recording the revenue under its gaming division. The alleged misclassification, they argue, misled investors about the sustainability and drivers of Nvidia’s growth during the crypto boom.The court determined that Nvidia did not sufficiently demonstrate that the alleged omissions had no impact on its stock price, allowing the class action to move forward. A hearing in the case is scheduled for April 21.The case adds to Nvidia’s prior regulatory scrutiny tied to crypto disclosures. In 2022, the U.S. Securities and Exchange Commission fined Nvidia $5.5 million for failing to adequately disclose the impact of cryptocurrency mining on its gaming business revenue.The outcome of the lawsuit could have broader implications for how public companies report crypto-related income, particularly during periods of high volatility in digital asset markets.

U.S. crude oil futures have increased by more than $2 per barrel, reaching $92.38, driven by concerns over the ongoing conflict in the Middle East. According to Jin10, the market is reacting to fears that the situation may persist, potentially impacting global oil supply. Traders are closely monitoring developments in the region, as any escalation could further influence oil prices. The current price movement reflects heightened market sensitivity to geopolitical tensions, with investors seeking to understand the potential long-term effects on the energy sector.

Australia's Resources Minister Madeleine announced on Thursday that France is among the countries preparing to invest in Australia's critical mineral projects. According to Jin10, this development follows a framework agreement signed between Canberra and the United States, which encourages countries with advanced manufacturing sectors to secure supplies of essential minerals. Australia has initiated a four-year plan to establish industries for minerals like rare earths, which are crucial for future technologies in electronics and defense. Madeleine noted that since the agreement with the U.S., other partners have accelerated their efforts to ensure access to these critical minerals. "France is becoming increasingly active," she stated.

Qantas has announced a strategic adjustment in its fleet operations to optimize capacity. According to Jin10, the airline is reallocating some of its Boeing 787 aircraft from U.S. routes and converting certain domestic A330 flights to international routes. This move is part of Qantas's efforts to enhance operational efficiency and better meet demand across its network.

Bitcoin has dropped below the 70,000 USDT mark, currently trading at 69,979.39 USDT. According to Foresight News, this represents a daily decrease of 1.91%.

A member of Poland's central bank monetary policy committee, Dabrowski, has stated that in extreme circumstances, an interest rate hike cannot be ruled out. According to Jin10, Dabrowski emphasized the importance of remaining flexible in monetary policy decisions to address potential economic challenges. This statement comes amid ongoing discussions about the country's economic outlook and the central bank's strategy to manage inflation and growth. The possibility of adjusting interest rates highlights the bank's commitment to maintaining economic stability.

Poland's central bank is expected to cease interest rate cuts due to ongoing geopolitical tensions, according to Jin10. Monetary Policy Committee member Dabrowski indicated that the current geopolitical situation makes further rate reductions unlikely. This decision comes as Poland navigates complex international dynamics that could impact its economic stability. The central bank's stance reflects concerns over maintaining financial equilibrium in the face of external pressures. As geopolitical challenges persist, Poland's monetary policy may remain cautious to safeguard economic interests.

The European Bank for Reconstruction and Development (EBRD) has assessed the impact of the ongoing unrest in Iran on neighboring economies, particularly Egypt and Turkey. According to Jin10, the EBRD stated that while the current capital outflows from these countries are under control, there is a possibility that the situation could worsen. The bank emphasized the need for vigilance and strategic measures to mitigate potential risks associated with the geopolitical instability in the region. The EBRD's analysis highlights the interconnectedness of regional economies and the importance of monitoring developments in Iran closely.

The European Bank for Reconstruction and Development has reported a significant increase in Russia's net oil revenue since the onset of the conflict involving Iran. According to Jin10, the bank's analysis suggests that Russia's oil income, after deducting costs, may have tripled during this period. This development highlights the economic impact of geopolitical tensions on global energy markets.

Rep. Seth Moulton has implemented a ban on all staff in his office from engaging in trading on prediction markets. According to NS3.AI, this decision aligns with the proposed PREDICT Act, which suggests a 10% civil penalty for violations by covered officials. The policy, effective from Wednesday, prohibits staff from trading or holding positions related to political, legislative, regulatory, or geopolitical outcomes, including any information acquired in an official capacity. This action follows heightened scrutiny by lawmakers on platforms like Polymarket and Kalshi due to concerns over insider trading.

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Bitcoin moved back above $71,000 after renewed optimism over a potential ceasefire between the United States and Iran sparked a broader risk-on shift across global markets.

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