Global TradFi & Macroeconomics

ING analyst Francesco Pesole said that if U.S. March CPI were to accelerate sharply due to energy prices rising after the Iran war, the dollar could receive support. He noted that whether core inflation shows any second-round effects will be crucial for the Federal Reserve’s policy in the coming months.

Gate News message, on April 10, according to market news, a chief adviser to Ukrainian President Volodymyr Zelensky said that Ukraine and Russia have reached reciprocal commitments for a short ceasefire during Easter.

Gate News update. On April 10, a senior Lebanese official said that Lebanon plans to take part in a meeting in Washington next week to discuss and announce a ceasefire. The official noted that the ceasefire is a prerequisite for further negotiations.

On April 10, Hyperinsight data shows that on the Hyperliquid platform, 14 million-level mega whales established crude oil positions: 10 opened WTIOIL long positions, and 4 opened BRENTOIL long positions. All are in the long direction, and there are no new shorts entering the market. The WTIOIL long mega whale liquidation price is $87.7, with an open position size of $5.02 million; the BRENTOIL mega whale liquidation price is $87.2, with an open position size of $1.91 million.

Bitcoin treasury company Nakamoto is seeking shareholder approval for a reverse stock split plan to address the ongoing decline in the share price and maintain its Nasdaq listing qualification. The company plans to combine shares at a ratio ranging from 1-to-20 to 1-to-50. The current share price is about $0.22, down roughly 99% from its peak. At the same time, Nakamoto has sold about 5% of its Bitcoin holdings for liquidity management.

Morgan Stanley’s Bitcoin ETF “MSBT” has officially launched, becoming the first such product issued by a large bank. The management fee is as low as 0.14%. It pulled in $34 million on day one, indicating strong market demand for low fees and adviser-channel distribution. This move marks traditional financial institutions moving fully into the crypto-assets market, with competitive focus shifting to fees, liquidity, and the ability to reach customers.

The amendment to the Financial Instruments and Exchange Act passed by the Japanese government first clearly defines cryptocurrency as a financial instrument, and introduces an insider trading prohibition and an obligation to disclose annual information. This marks a new stage in cryptocurrency regulation. It is expected to take effect in 2027 and establishes core rules such as prohibiting insider trading, mandatory disclosure, and enhanced penalties. In addition, the plan includes reducing cryptocurrency tax rates and opening the door to ETFs, to promote market transparency and investor protection.

CME Group will begin offering 24/7 trading for crypto futures starting May 29, and will also add AVAX and SUI futures, showing that traditional finance is rapidly moving closer to the crypto market. This move not only meets market demand for round-the-clock trading, but also serves as a test of whether traditional financial assets can operate 24/7 in the future. The new futures contracts will provide more flexible options and capital efficiency, further expanding CME Group’s crypto product line.

On April 10, Abraxas Capital closed out short positions of about $160 million in WTIOIL and BRENTOIL on the Hyperliquid platform, generating roughly $10.15 million in profits. Its current main positions are a $20.5 million long position in BTC and a $30.8 million short position in gold.

Gate News message: On April 10, the Hong Kong Monetary Authority will announce today at 5:00 p.m. the list of the first stablecoin issuer licensees. Driven by expectations of regulatory positives, Conflux (CFX) surged strongly in the short term. According to market data from a certain trading platform, CFX opened today at $0.0518, and the intraday high reached $0.0557. The gain for the day was 7.5%.

Musk is pushing SpaceX to build its own semiconductor packaging plant in Texas, but due to low yields and a shortage of talent, the mass production timeline has been pushed back to 2027. Taiwan’s supply chain, however, has benefited from SpaceX’s continued orders, including companies such as Innolux and Walsin. SpaceX plans to visit Taiwan in April to further strengthen cooperation. However, the talent shortage facing Texas remains an obstacle to successful vertical integration.

Gate News: According to the latest Gate TradFi data, LI (Li Auto) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

The Office of Management and Administration at the White House sent a warning email to employees on March 23, prohibiting the use of their position to speculate in the futures market. The warning came after the announcement by Trump of a pause in attacks on Iran, and suspicious trading appeared in the market. Senior officials described the email as a timely “reminder.”

Gate News Update: On April 10, Ebrahim Azizi, the chair of the Iranian Parliament’s National Security Committee, said that the Parliament has put forward a proposal to permanently ban tankers associated with the United States and Israel from transiting through the Strait of Hormuz. Under the proposal, ships associated with Israel or traveling to and from Israel would also be prohibited from passage. The ban would also apply to countries that take action against the “Resistance Front.”

Gate News, April 10, international crude oil prices rose briefly. WTI crude oil (West Texas Intermediate, one of the international crude oil benchmark prices) broke above $100 per barrel, up 2.04% during the day; Brent crude oil (North Sea Brent, one of the international crude oil benchmark prices) stood above $95 per barrel, up 1.15% during the day.

Bitcoin broke through $72,000 on April 10, mainly due to a fragile ceasefire agreement between the U.S. and Iran that boosted market risk appetite, with funds flowing from safe-haven assets into Bitcoin. Increased institutional inflows and a rebound in Large Investors’ holdings are driving the price higher. Technical analysis shows that the main resistance lies in the $72,200 to $73,500 range. Despite a bullish outlook in the short term, there is still disagreement over forecasts for Bitcoin’s price by year-end, and the risk of a pullback also needs to be watched.

Gate News news, on April 10, the Korea KOSPI Index (Korea’s stock market benchmark index) rose 8.96% this week, posting its largest weekly gain since January 2021.

Gate News: According to the latest Gate TradFi data, XPTUSD (Platinum) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Jefferies’ economists report that the Middle East conflict affects all parties. The United States is the least affected, due to oil and gas price increases, Russia is the winner, and Iran may lift sanctions. The main losers are the Gulf states and Asia, which relies on Middle East oil and gas, while Europe has lost ground geopolitically.