The crack spread of Asian naphtha over Brent crude has surged to an unprecedented $466.85 per ton. According to NS3.AI, this increase is driven by escalating worries about potential supply disruptions in the Strait of Hormuz.

Pakistan is evaluating strategies to ensure the transportation of essential cargoes, following Iran's decision to permit 20 Pakistani vessels passage through the Strait of Hormuz. Bloomberg posted on X, highlighting the significance of this development for Pakistan's maritime logistics. The Strait of Hormuz, a crucial maritime corridor, plays a vital role in global shipping, particularly for oil and gas exports. Pakistan's consideration of alternative shipping options under its flag underscores the importance of maintaining uninterrupted trade routes. This move comes amid regional geopolitical tensions, emphasizing the need for strategic planning in maritime operations.

受霍尔木兹海峡供应中断担忧持续加剧的影响，亚洲石脑油较布伦特原油裂解价差升至每吨 466.85 美元的历史高位。(金十)

DeepSeek experienced performance anomalies with its web and API services earlier today. According to PANews, the issues were identified in the afternoon. By evening, DeepSeek announced that the problem had been resolved and services were back to normal.

Stablecoin velocity has approximately doubled over the past two years, reaching about six times per month, according to Standard Chartered. This development complicates a key assumption behind the bank's $2 trillion supply forecast by 2028. According to NS3.AI, the increase in velocity is primarily driven by USDC activity across various blockchains. Despite this shift, Standard Chartered has maintained its broader forecast unchanged.

据 Onchain Lens 监测，沉寂 2 个月后，地址 luggis (@luggisdoteth) (0x5d7...0b37) 向币安存入 2000 枚 ETH，价值 403 万美元。

During the 2026 Hong Kong Web3 Carnival, ChainCatcher will collaborate with RootData to host a forum titled 'Crypto 2026: From Cryptocurrency to Smart Economy' on April 19 at 14:00 (UTC+8) in Hong Kong. According to ChainCatcher, this forum is one of the key events at the Hong Kong Web3 Carnival, focusing on the paradigm shift resulting from the integration of AI technology with crypto networks. Discussions will delve into AI Agent economy, smart payments, RWA, and crypto infrastructure. The event will bring together industry leaders, innovative projects, top venture capitalists, and ecosystem builders. It aims to provide a forward-looking perspective for the industry, promoting the evolution from human-centric transactions to agent-driven economic activities, and exploring pathways and opportunities for constructing future smart economic systems. Additionally, ChainCatcher, as a media partner for the Hong Kong Web3 Carnival, will continue to deliver cutting-edge reports and in-depth insights for the industry.

A viral data leak tied to the director of the FBI-Kash Patel-has ignited a wave of memecoin scams on Pump.fun, with opportunistic traders launching dozens of tokens that surged and crashed by over 90% within hours.

Riksbank Deputy Governor Martin Jansson stated that inflation can be tolerated within certain limits. According to Jin10, Jansson emphasized the importance of maintaining economic stability while allowing for some inflationary growth. He noted that the central bank is closely monitoring economic indicators to ensure that inflation remains within acceptable boundaries. Jansson's comments come amid ongoing discussions about monetary policy adjustments in response to changing economic conditions. The Riksbank continues to evaluate its strategies to support sustainable economic growth while managing inflationary pressures.

Key TakeawaysBitcoin hashrate fell ~6% following disruptions linked to Iran conflict.U.S. 5-year Treasury yields near 4% are pressuring Bitcoin demand.Robinhood (HOOD) dropped 16% in March amid declining crypto activity.Prediction market activity surged 2,800% YoY, highlighting shifting retail engagement.Bitcoin Price Stalls as Rising Yields Reduce DemandBitcoin ended the month near $67,000, showing limited momentum as rising U.S. Treasury yields weighed on risk assets.Yields on 5-year U.S. Treasurys climbed to around 4%, reflecting tighter financial conditions and reduced appetite for non-yielding assets like Bitcoin. Investors have increasingly shifted toward safer assets amid geopolitical uncertainty and inflation concerns.Bitcoin Hashrate Falls After Iran ConflictBitcoin’s network fundamentals were also impacted, with hashrate declining nearly 6% following military actions involving the U.S., Israel, and Iran.Iran is estimated to account for 6%–8% of global Bitcoin mining, with a significant portion linked to state-backed operations. Disruptions to energy infrastructure and shifting priorities toward defense have likely reduced mining output in the region.Crypto Trading Weakness Hits RobinhoodDeclining trading activity has weighed on crypto-linked equities.Shares of Robinhood fell 16% in March, extending a broader six-month decline of over 50%. The drop reflects weaker crypto trading volumes and reduced retail participation.The company has announced a $1.5 billion share buyback program in response, as it navigates falling transaction revenue and regulatory uncertainty across new business lines.Prediction Markets Surge as Retail Shifts ActivityWhile traditional crypto trading slowed, prediction markets saw significant growth.Platforms like Polymarket and Kalshi recorded 192 million transactions in March, marking a 24% monthly increase and a 2,800% surge year-over-year.However, the sector faces regulatory scrutiny in the U.S., with multiple states pursuing legal action over concerns related to gambling classification.Euro Stablecoins Gain Market ShareStablecoin trends also shifted during the month.Euro-denominated stablecoins accounted for 85% of non-USD stablecoin volume, reflecting growing institutional adoption and regulatory clarity under Europe’s MiCA framework.Strategy’s Bitcoin Holdings Turn NegativeStrategy’s Bitcoin holdings moved into an 11% unrealized loss, with an average purchase price of $75,669 compared to current levels near $67,800.Despite this, the company continued aggressive accumulation, purchasing over 40,000 BTC in March, reinforcing its long-term strategy.Macro and Geopolitics Dominate Crypto TrendsThe data highlights a market environment defined by:Rising yields and tighter liquidityGeopolitical disruption impacting mining and energyWeak retail participation but continued institutional accumulationBitcoin remains sensitive to macro conditions, with price action likely to stay range-bound unless yields decline or geopolitical risks ease.

The Houthis are contemplating joining Iran in the ongoing conflict, posing a potential threat to critical trade routes. Bloomberg posted on X, highlighting concerns over the strategic chokepoints that could be affected by this development. The involvement of the Houthis could exacerbate tensions in the region, impacting global trade and security. Experts warn that the escalation may lead to disruptions in the flow of goods, affecting economies worldwide. The situation remains fluid, with diplomatic efforts underway to prevent further destabilization.

U.S. Senators Bill Cassidy and Cynthia Lummis have unveiled the “Mined in America Act,” a sweeping proposal aimed at breaking America’s dependence on foreign Bitcoin mining hardware while accelerating the creation of a national Strategic Bitcoin Reserve.

很多人对比特币矿工的印象，还停留在买矿机、挖 BTC、等币价上涨。实际上越来越多大型 BTC 矿工，开始主动向 AI 基础设施公司靠拢。

HashKey年内净亏损为1,084.3百万港元（2024财年：1,189.6百万港元）。

The US Department of Labor has proposed a rule that would make it easier for 401(k) plans to include crypto and other alternative investments. It gives plan managers a safe legal framework if they properly assess risks, opening the door to wider retirement investment choices.

CEX,加密货币,TradFi,加密 CEX 正成为历史物种 金色财经,一场静默的物种更迭已启动。

与《CLARITY 法案》类似，《美国挖矿法案》的提出也是美国数字主权战略的又一关键节点。

挖矿,矿工,BTC,CoinShares 2026 报告：比特币矿工到了最艰难的时刻？ 金色财经,挖矿行业正经历深度的结构性重组。

交易所,DEX,谁在裸泳？一份关于加密交易所交易量真假与市场份额的深度调查 金色财经,加密交易所的交易量，可能是这个行业最大的谎言。

KuCoin’s operator, Peken Global Limited, has been banned from serving U.S. users after settling with regulators and agreeing to pay a $500,000 fine. The order makes its earlier U.S. exit permanent, following a separate criminal case where the firm paid nearly $300 million for operating without proper licences.