SpaceX has raised its IPO valuation target to over $2 trillion as it prepares to market what could be the largest IPO in history to potential investors. SpaceX's valuation is expected to grow by nearly two-thirds within months. In February, SpaceX acquired Elon Musk's xAI, valuing the combined company at $1.25 trillion. A listing with a valuation exceeding $2 trillion would give SpaceX a market capitalization exceeding all companies in the S&P 500 except Nvidia, Apple, Alphabet, Microsoft, and Amazon, as well as Meta and Tesla. SpaceX has secretly filed for an IPO, with the listing potentially taking place as early as June, and is expected to raise up to $75 billion, far surpassing the previous record of $29 billion set by Saudi Aramco in 2019. The funds raised will be used for space-based AI data centers and lunar factory projects. SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead underwriters for its IPO and plans to hold a conference call with the banking syndicate next Monday, followed by an analyst briefing later in April. Bloomberg Intelligence analysts point out that SpaceX's revenue is projected to reach nearly $20 billion by 2026, with launch operations and Starlink contributing the majority of that revenue.

South Korea's Financial Supervisory Service has instructed Dunamu to revise its public disclosure regarding a comprehensive stock swap and transfer with Naver Financial. According to NS3.AI, the regulator highlighted that Dunamu's report contained significant omissions or false statements concerning future corporate restructuring plans and other matters crucial to investment decisions. In November, Dunamu announced that the plan would result in it becoming a wholly owned subsidiary of Naver Financial, with current shareholders receiving shares in Naver Financial.

Artificial Intelligence, AI Agent, Token, Computing Power, The Philosophy of Saving Money in the AI ​​Era: How to Spend Every Token Wisely (Jinse Finance), The Methodology of Saving Money in the AI ​​Era.

France's industrial production in February showed a year-on-year decline of 0.3%, according to Jin10. This figure fell short of the expected 1.6% growth and was a decrease from the previous value of 2.4%. The data indicates a slowdown in the country's industrial sector, raising concerns about economic momentum.

Amazon's website shows that CZ's new book, *Freedom of Money*, has become the number one bestseller in the crypto category. The book is priced at $9.99, and readers who pre-order will receive the digital version on April 8th. Previously, CZ stated that all proceeds from the book's sales will be donated to charity.

According to an official announcement, the decentralized email project Dmail Network will gradually cease all services starting May 15, 2026. Users must export their email content and apply to cancel their accounts before this date; all data will be completely deleted afterward. Dmail stated that due to factors such as the high cost of decentralized infrastructure, the failure to establish a viable commercialization path, the lack of practical use cases for its tokens, and the loss of core team members, the project could not achieve healthy and sustainable operation.

A significant security breach has impacted Mercor, a startup providing training data to AI companies such as OpenAI, Anthropic, and Meta. According to Fortune and ChainCatcher, the incident resulted from a supply chain attack on the open-source library LiteLLM, widely used by developers to connect AI services, with millions of daily downloads. The attack was initiated by the hacker group TeamPCP, which inserted malicious code into LiteLLM to steal credentials. Subsequently, another hacker group, Lapsus$, claimed to have obtained up to 4TB of Mercor's data, including source code, database records, internal Slack communications, and platform conversation videos. Unverified reports suggest that some customer datasets and confidential AI project information may have been compromised. Mercor has responded swiftly to contain the situation and has launched a third-party forensic investigation to address the breach.

Lista DAO launched the Dow E-Commerce Financing RWA Vault on Dow Protocol today. This Vault is an RWA platform built on the capabilities of HSBC's Dowsure e-commerce finance company, with a 90-day term and a current APY of 10%. The Vault provides cash flow support to merchants based on their accounts receivable and repayment cash flow from established global leading e-commerce platforms. Merchant repayment discipline is reportedly guaranteed by two core mechanisms: first, an automated repayment service routing mechanism in cooperation with the E-Commerce platform, which prioritizes the collection of merchant repayments and automatically deducts principal and interest as agreed; second, a dual-lock account control mechanism, which restricts changes to repayment paths, verifies control of repayment accounts, and supports corresponding protective measures in the event of overdue payments or defaults. This Vault does not represent a purely on-chain incentive structure, but rather a cash flow system that has been operating and proven in the real-world business world for a long time.

NFT projects are increasingly emphasizing intellectual property (IP) and utility as speculative demand diminishes. According to NS3.AI, CoinDesk Research reported over $13 million in retail sales for Pudgy Penguins, highlighting a shift in the market. Industry executives note that scarcity alone is insufficient to maintain value, urging projects to develop robust business models, achieve product-market fit, and establish sustainable use cases to remain competitive.

On April 3, the market's core issues have shifted from purely war-related risks to a structural impasse characterized by persistent inflation and policy constraints. According to BlockBeats, energy concerns remain unresolved, with Russian exports affected and OPEC+ potentially increasing output. The U.S. has not discussed releasing reserves, and the uncertainty surrounding the Strait of Hormuz continues to keep oil and diesel prices high. Additionally, tariffs on steel, aluminum, and potential pharmaceutical tariffs indicate that cost pressures are spreading from energy to broader manufacturing and consumer sectors, with global supply chain pressures persisting and even expanding. On the policy front, liquidity support is confirmed to be unavailable. Key Federal Reserve officials are inclined to maintain the status quo, opting to adjust liquidity structures through regulatory tools rather than rate cuts. The IMF has pointed out that there is almost no room for rate cuts in the coming year, indicating a systemic revision of market expectations for policy easing. With inflation driven by energy and employment not yet significantly deteriorating, monetary policy remains constrained, lacking conditions for asset valuation expansion. In this context, financial behavior is becoming more conservative and short-term focused. Changes in gold reserves and the divergence in fundamentals between technology and traditional industry companies are evident. Bitcoin remains in a passive pricing state, unable to effectively break through the liquidity pressure zone around 69,400, indicating insufficient buying momentum. Meanwhile, liquidity continues to accumulate near 65,500, which could become a major release point if macro pressures intensify. Overall, the market has entered a "high inflation expectations + policy constraints + war expansion" environment. With liquidity unable to ease, supply chains disrupted, and geopolitical risks lacking resolution, price fluctuations increasingly reflect capital redistribution. In the short term, the market is expected to remain in an unstable equilibrium.

Ethereum's dominance in the non-USD stablecoin market has decreased significantly, according to recent data from Dune and Visa. At the beginning of 2023, Ethereum held a 90% market share, which has dropped to 65% by February 2026, indicating that other blockchains are rapidly gaining ground. Despite this decline, Ethereum remains the primary blockchain for stablecoin issuance. According to ChainCatcher, Ethereum ranks fifth in terms of the number of independent senders within the stablecoin network. However, the overall user adoption within its ecosystem continues to grow. The number of independent senders has surged from 2,000 last year to 12,000, reflecting a rapid expansion of the stablecoin ecosystem.

Beneath the surface of apparent calm lies a turbulent undercurrent; this is often a facade before a storm. When liquidity and volatility reach extremely low levels, even greater volatility will follow.

Currently, the biggest impact of high oil prices is not on the economic level, but on the psychological level. The effects of tariffs, immigration deportations, artificial intelligence, and robotics are far more lasting than high oil prices.

The $348 trillion credit market is quietly being reshaped—from a vertically integrated banking model to a modular architecture, from which AI-powered risk control and credit granting, along with blockchain infrastructure, will extract economic value.

The closure of the Strait of Hormuz has pushed oil prices close to $150, redemption pressure in the private lending market has surged, and the AI ​​investment boom has begun to cool down... The US fiscal buffer is nearing its limit, and a domino effect could occur at any moment.

The official name for the token is "word unit," the new hard currency of the AI ​​era. In the future, the difference between people may lie in how many word units they possess. Will it circulate freely? Will the crypto ecosystem play a role?

The stablecoin issuance market has not moved towards a single model, but rather exhibits a differentiated pattern. Different issuers, based on their own size and market positioning, adopt drastically different core revenue strategies and coexist and develop.

The code was flawless, but the entire team was wiped out. The Drift incident revealed the final battleground for DeF security. AI auditing is not an option, it's a necessity.

Despite political resistance to fundamental change in the short term, the United States’ continued monetary expansion will exacerbate economic instability, wealth distortions, and financial vulnerabilities.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse 8 AM," issue 3015, providing you with the latest and fastest news on the digital currency and blockchain industry.