According to Gate data, the US dollar index (DXY) fell 1%, erasing all gains since 2026. (Jinshi)

U.S. Defense Secretary Pete Hegseth announced on April 8 that the United States has achieved a decisive military victory in Iran. According to BlockBeats, Iran had sought a ceasefire agreement following the U.S. launching 800 airstrikes on Tuesday night, which destroyed Iran's defense industry infrastructure. As a result, Iran is no longer capable of producing missiles, rockets, or drones. The ceasefire signifies that Iran will never possess nuclear weapons. The U.S. has accomplished its military objectives in Iran, and the ceasefire is described as a pause, with coalition forces ready to resume operations if necessary. The U.S. hopes Iran will choose lasting peace. All parties have agreed to open the Strait of Hormuz, allowing ships to pass through, and warships will "navigate" the strait. The ceasefire agreement will take some time to come into effect.

South Korea's Financial Services Commission (FSC) announced it will tighten exemption rules for cryptocurrency exchange withdrawal delay systems. The FSC pointed out that previously, exchanges set their own exemption standards without a unified minimum requirement, allowing criminals to quickly transfer funds by meeting simple conditions such as account age or trading history. The FSC, in conjunction with the Financial Supervisory Service (FSS) and the Digital Asset Exchange Alliance (DAXA), has developed a unified framework requiring exchanges to comprehensively consider factors such as trading frequency, account history, and deposit/withdrawal amounts when assessing whether users qualify for exemptions. Between June and September 2025, accounts granted withdrawal delay exemptions accounted for 59% of fraudulent accounts on cryptocurrency exchanges, representing 75.5% of related losses. The FSC stated that simulation tests show the proportion of users eligible for exemptions will drop to approximately 1% under the new rules. The FSC will also strengthen oversight of exempted users through regular audits, verification of fund sources, and monitoring of suspicious withdrawal activities. Furthermore, on Tuesday, the FSC required exchanges to reconcile their internal ledgers with actual asset holdings every five minutes, a directive related to an internal control review concerning the Bithumb Bitcoin payment error incident.

In April, the World Gold Council reported that global gold ETFs experienced a record outflow of $12 billion in March. According to Jin10, this significant outflow halved the first quarter's inflow to $12 billion and ended North America's nine-month streak of inflows. Despite this trend, Asia saw strong inflows, achieving a record quarterly growth that helped maintain the overall inflow trend for the first quarter. Despite the sell-off, global gold holdings increased by 62 tons in the first quarter, and liquidity in the gold market remained robust, with trading volumes rising across major venues.

Apple's stock experienced a significant drop on Tuesday, falling nearly 5% before closing down 2%. According to NS3.AI, the decline is attributed to growing concerns over technical difficulties in developing a flagship foldable iPhone. Additionally, Apple is currently involved in a patent dispute in China concerning its Siri technology. The company is set to report its Q2 results on April 30, 2026.

Coinbase has officially contributed the x402 protocol to the Linux Foundation, making it a neutral internet standard.

Brent crude oil prices have fallen below $90 per barrel, leading to significant losses in leveraged futures positions. According to Odaily, Hyperbot data indicates that Sky co-founder Rune's 20x leveraged WTI crude oil futures and 7x leveraged Brent oil futures are now in the red. Additionally, his 7x leveraged Nasdaq 100 short position and 20x leveraged S&P 500 short position are also experiencing losses. The overall value of these positions has decreased to approximately $3.952 million, with unrealized losses exceeding $610,000.

A crucial east-west oil pipeline in Saudi Arabia, which connects the Gulf region to the Red Sea and facilitates the export of crude oil, was attacked at 1 p.m. local time. According to Odaily, the incident was reported by the Financial Times. The pipeline is vital for transporting oil to overseas markets.

OpenAI has unveiled a policy blueprint designed to bolster the U.S. child protection framework amidst advancements in artificial intelligence. According to NS3.AI, the blueprint focuses on addressing AI-generated or manipulated child sexual abuse material, enhancing reporting and coordination among service providers, and implementing safety-by-design measures in AI systems. These initiatives aim to safeguard children in the digital age by ensuring that AI technologies are developed and utilized responsibly.

Key TakeawaysJack Yi cites Fed policy, geopolitics, and cycle effects as key downside drivers.Warns current correction could be deeper than initially expected.Highlights fading expectations around rate cuts and crypto policy support.Maintains long-term bullish view on Ethereum despite short-term volatility.Macro and Policy Pressures Weigh on Crypto OutlookDuring his Binance Square AMA, Jack Yi warned that current market weakness is being driven by a combination of macroeconomic and structural factors.Speaking in a Binance Square AMA, Yi pointed to unmet expectations for Federal Reserve rate cuts, escalating Middle East tensions, and delays in crypto regulatory reforms as key headwinds for the market.He also noted that previously anticipated catalysts, including discussions around a potential U.S. “national Bitcoin strategy,” have failed to materialize, reducing bullish momentum.Cycle Dynamics Suggest Deeper Correction RiskYi emphasized that the current downturn is not solely macro-driven but also tied to the crypto market’s cyclical nature.According to him, the ongoing correction could extend further than originally expected when factoring in:The four-year market cycleReduced liquidity expectationsWeakening sentimentThis combination increases the likelihood of a more prolonged or deeper pullback phase.Ethereum Outlook Remains Structurally BullishDespite short-term pressure, Yi said his long-term outlook on Ethereum remains unchanged.He attributed recent volatility primarily to external macro conditions rather than a deterioration in Ethereum’s fundamentals.Short-Term Volatility Driven by Broader Financial ConditionsYi added that current market swings are being amplified by broader financial market dynamics, including:Higher-for-longer interest rate expectationsRising geopolitical riskShifting investor positioningThese factors are contributing to heightened volatility across both crypto and traditional markets.

Anthropic's Claude Mythos Preview has identified several long-standing software vulnerabilities, including a 27-year-old bug in OpenBSD, for less than $50 in computational costs. According to NS3.AI, the model also detected flaws in cryptography libraries such as TLS, AES-GCM, and SSH, which could pose risks to DeFi protocols dependent on open-source code. Instead of a public release, Anthropic is collaborating with 40 companies through Project Glasswing to share the model's findings.

The drift case exposed a legal vacuum in stablecoins: Circle had the ability to freeze funds but had no enforcement obligation, and lacked "safe harbor" legal protection when enforcing the freeze.

Ray Dalio's New Article: The World Is Entering a War Cycle (Golden Finance): We are in the midst of a world war that will not end anytime soon.

"Money Freedom" is not only a personal reflection, but also a true record of the boundaries of the times, technology, and power.

In the world of investing, sometimes the most "crazy" logic may be underpinned by the most calm calculations.

Iran’s Bitcoin mining power has collapsed by 77% over the past quarter as conflict intensifies in the region, yet the global network remains largely intact—underscoring a critical reality: Bitcoin’s hashrate is shaped more by market economics than by war.

Elon Musk has amended his lawsuit against OpenAI to seek the removal of CEO Sam Altman and President Greg Brockman and wants any damages to go to the company’s charity arm.

UBS and a consortium of leading Swiss lenders are launching a 2026 sandbox to test a Swiss franc stablecoin, signaling a coordinated push to bring blockchain-based payments into the heart of traditional finance.

This is an overview report on the leverage mechanism of prediction markets, covering the models currently being built, how they operate, and their existing shortcomings.

Coinbase has received an Australian Financial Services Licence, allowing it to offer crypto, equity perpetuals, and later expand into futures, options, stock trading, and payments.