据 Gate 最新数据，黄金价格上涨至 4,797.46 美元/盎司，日内涨幅达 1.95%。白银价格涨至 77.110 美元/盎司，日内涨幅达 5.76%。BVIX（BTC 波动率指数）最新报价 44.90，日内跌幅为 6.89%。EVIX（ETH 波动率指数 ） 最新报价 66.54，日内跌幅为 2.66%。外汇方面，美元兑离岸人民币（USD/CNH）日内下跌 0.45%，当前汇率为 6.82332。美元兑日元（USD/JPY）日内下跌 1.02%，当前汇率为 157.985。全球股指方面，欧洲 50 指数（EUSTX50）日内上涨 4.09%，报 5,941.30 点；英国富时 100 指数（UK100）日内上涨 2.48%，报 10,677.73 点；德国 DAX40 指数（GER40）日内上涨 3.95%，报 24,151.35 点。大宗商品方面，WTI 原油日内下跌 16.62%，报 92.81 美元/桶。布伦特原油日内下跌 13.65%，报 93.93 美元/桶。Gate 支持用户在平台内直接交易传统金融市场产品，一站式覆盖贵金属、外汇、全球股票差价合约（CFD）、重要指数及大宗商品等多类资产，实现加密资产与传统金融资产的深度融合。Gate TradFi 相关功能已全面集成至 Gate App 及 Web 端，用户无需切换平台，即可便捷参与全球资产价格交易，在加密市场之外解锁更多策略与机会，持续提升多元资产配置体验。

Digital asset investment products experienced net weekly inflows totaling $224 million, according to CoinShares. Bitcoin was a significant contributor, attracting $107.3 million. According to NS3.AI, the week also saw minor outflows influenced by stronger retail sales data, hawkish investor expectations, and mixed geopolitical signals.

Key TakeawaysMorgan Stanley launches MSBT spot Bitcoin ETF with 0.14% fee, lowest in market.BlackRock IBIT remains leader with ~$55B AUM and highest liquidity.MSBT leverages $7 trillion wealth management network to drive flows.Move signals growing fee competition and distribution-driven ETF market shift.Morgan Stanley Enters Bitcoin ETF Market With Low-Cost OfferingMorgan Stanley has launched its spot Bitcoin ETF, trading under the ticker MSBT, marking one of the most significant new entrants into the crypto ETF market.The fund debuts with a 0.14% expense ratio, undercutting the 0.25% fee charged by BlackRock’s iShares Bitcoin Trust (IBIT), currently the dominant product in the sector.IBIT Remains Market Leader in Liquidity and ScaleDespite the new competition, IBIT continues to lead across key metrics:~$55 billion in assets under managementHighest trading volume among Bitcoin ETFsDeep options market liquidityThis liquidity advantage has made IBIT the preferred vehicle for active traders and institutional positioning.Distribution Power May Shift ETF FlowsMorgan Stanley’s competitive edge lies in its distribution network.With access to $7 trillion in client assets through its wealth management arm, the bank can direct capital toward MSBT via financial advisors, potentially reshaping inflow dynamics.In contrast to IBIT’s strength in trading liquidity, MSBT is positioned to capture flows through advisory-driven allocations.Fee Compression Signals Market MaturityThe launch highlights a broader trend toward fee competition in the Bitcoin ETF market.As more established financial institutions enter the space:Cost sensitivity among investors is increasingFee differentials are becoming a key differentiatorCompetition is shifting from trust and scale to pricing and accessMarket Structure Splits Between Liquidity and DistributionThe Bitcoin ETF market is increasingly bifurcated:IBIT: Dominates liquidity, trading, and derivatives activityMSBT: Competes on cost and distribution reachThis dynamic reflects a maturing market where investor preferences differ between active trading and long-term allocation channels.First Real Challenge to IBIT’s DominanceMorgan Stanley’s entry represents the most credible challenge yet to IBIT’s market leadership.While IBIT’s liquidity advantage is unlikely to be displaced in the near term, MSBT’s lower fees and distribution strength could gradually shift inflows.The key question going forward is whether:Advisors begin reallocating client capital into MSBTFee competition accelerates across issuersIBIT’s dominance in inflows begins to erodeFor now, the launch marks a new phase of competition in Bitcoin ETFs, where pricing and distribution may become as important as scale and liquidity.

Blockstream 首席执行官 Adam Back 在接受 Bloomberg 采访时表示，量子计算机目前尚未对比特币网络构成实际威胁，但行业应立即着手准备。他指出，当前硬件普遍不具备纠错能力，量子风险属于长期挑战而非近期危机。Adam Back 强调，核心问题不在于就量子计算机何时具备足够威胁能力达成共识，而在于为比特币持有者提供约十年的时间窗口，将密钥迁移至抗量子格式。他表示，目前已有一个 20 人的研究团队持续开展相关工作，发表论文并进行实际部署，Blockstream 旗下 Liquid 网络已作为早期测试平台投入使用。此外，后量子密码学已从理论阶段进入实施阶段，NIST 于 2024 年底完成相关标准的最终确定。行业面临的主要挑战在于如何在风险变得紧迫之前，协调完成一次有序的迁移。

CoinDesk 20 experienced a 4.7% rise, reaching 2,027.7, marking an increase of 91.47 points since 4 p.m. ET on Tuesday. According to NS3.AI, all 20 assets showed positive movement, with Internet Computer leading the gains at 12.1%, followed by NEAR Protocol at 8.9%.

伊朗石油、天然气和石化产品出口商联盟发言人称，伊朗拟在为期两周停火期间，向所有通过霍尔木兹海峡的油轮按每桶 1 美元收取通行费，并要求油轮使用接近伊朗海岸的北线航道，向伊方电邮申报货物后，以比特币等数字货币在几秒内完成支付。伊朗表示，此举是为监控是否有武器运输，未获许可船只将面临军事打击威胁。目前仅少数与伊朗有关联的油轮尝试通行，约 300 至 400 艘船舶在海湾内等待出海，行业人士称两周内难以清空积压。

The Cboe Volatility Index, a key measure of anticipated stock-market fluctuations, experienced a significant decline. Bloomberg posted on X that this drop followed U.S. President Donald Trump's agreement to a temporary ceasefire in the ongoing conflict with Iran. The ceasefire has eased investor concerns, leading to reduced market volatility expectations.

A Polymarket contract predicting that WTI crude oil will drop to $90 by April 2026 has seen its implied probability rise to 89%, following a significant 35% increase within 24 hours. According to NS3.AI, the trading volume for this April 2026 contract surpassed $16.859 million, indicating heightened market activity and interest in this prediction.

NATO chief Mark Rutte is set to meet with U.S. President Donald Trump today. Bloomberg posted on X, highlighting that Trump's brinkmanship and his threats to obliterate a civilization have strained the already fragile transatlantic alliance. The meeting comes at a critical time as NATO seeks to address these tensions and reinforce its unity. The discussions are expected to focus on diplomatic strategies and maintaining stability within the alliance.

Currenc Group Inc., a fintech AI solutions company based in Singapore, has announced the completion of its common stock tokenization on the Securitize platform. According to Foresight News, this initiative supports both Ethereum and Solana blockchain networks. The move aims to advance a new model for public markets, enabling stocks to be not only digitally represented but also more functional within modern financial systems.

Coinbase 正式将 x402 协议贡献给 Linux 基金会，使其成为一项中立的互联网标准。

漂移案暴露了稳定币法律的空白：Circle拥有冻结资金的能力，却无强制义务，且在执行冻结时缺乏“避风港”法律保护。

Ray Dalio,Ray Dalio 新文：世界正在进入战争周期 金色财经,我们正处在一场短期不会结束的世界大战中。

《金钱自由》不仅是一次个人复盘，更是一场关于时代、技术与权力边界的真实记录。

投资的世界里，有时候最「疯魔」的逻辑，背后可能是最冷静的算计。

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.

这是一份关于预测市场杠杆机制的概览报告，涵盖了当前正在构建的模型、运作方式以及存在的缺陷。

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.