boo

Against the backdrop of easing tensions in the Middle East, Iran announced that the Strait of Hormuz is "fully open" during the ceasefire, leading to a rise in global risk assets. Boosted by the news, Bitcoin briefly surpassed $77,000, reaching a nearly two-month high, with an increase of about 5% in the past 24 hours. Major altcoins also rose, with Ethereum, XRP, and Solana recording gains of around 6%.Iranian Foreign Minister Seyed Abbas Araghchi stated that all commercial vessels can pass through the strait during the ceasefire with Lebanon, but must adhere to the "coordinated shipping lanes" set by Iran. The strait accounts for about 20% of global oil transportation and is a critical energy corridor. In traditional markets, the S&P 500 and Nasdaq Composite both reached historic highs, indicating a significant rebound in risk appetite. U.S. President Trump also posted on social media that "the Strait of Hormuz has reopened for commercial activities," but emphasized that Iranian vessels may still face blockade measures until the U.S.-Iran agreement is fully implemented.

The 6th phase project BABABOOEY ended subscription at 16:00 on April 17 and will complete TGE at 20:00 on April 17. This phase had over 49,000 participants, with a total subscription amount of 91,056,188 USDT. After the settlement of the BABABOOEY subscription assets in this phase, there will be no lock-up period; the funds will be available as spot, and users can choose to sell or withdraw immediately.This phase continues the multi-currency participation mechanism, allowing users to participate in the subscription using JU / USDT / BTC / ETH, with the platform uniformly converting and allocating based on U. A dynamic lottery rate model is introduced in this round, where the lottery rate increases by 0.2% for every additional 5,000,000 USDT raised. Successfully inviting friends to participate can share up to 20% of the final issuance amount in Token rewards.

OKX Boost and RootData announced a partnership to engage in deep collaboration around the standards for high-quality industry projects, aiming to enhance the transparency and overall quality of crypto market projects.It is reported that OKX Boost is a premium project screening channel launched by OKX Wallet in September last year, designed to discover potential projects based on real DEX data and incentivize real trading users. RootData, as a leading Web3 asset data platform, has long been committed to building a highly credible Web3 database and has launched a series of products such as the "Transparency Ranking" to continuously promote information transparency in the industry.In this collaboration, RootData will work with ChainCatcher to provide transparency review and quality assessment support for OKX Boost and projects launched on OKX, helping to further enhance project screening standards and information disclosure levels; at the same time, RootData will also improve its database and data processing model through OKX Boost.

According to Jinshi reports, the Federal Reserve pointed out in the Beige Book released on April 16 that economic activity in most regions of the United States continues to grow at a moderate to slight pace amid a new round of uncertainty triggered by the war in Iran and rising energy costs. Overall price increases remain moderate, but energy and fuel costs have risen significantly across all 12 Federal Reserve districts. The report indicates that the Middle East conflict is seen as a major source of uncertainty, increasing the complexity of businesses' decisions regarding hiring, pricing, and capital investment, with many businesses adopting a wait-and-see attitude. The data is as of April 6 and reflects the initial impact of the war on the U.S. economy.

Issue 5 of HERMIND has officially launched, with a winning rate of 4.2%, a launch price of 0.133 USDT, a new investment yield of 33%, and an overall fund yield of approximately 1.4%. There is no lock-up period after the asset subscription settlement for this issue, and the funds will be available as spot immediately, allowing users to choose to sell or withdraw instantly.Issue 6 of BABABOOEY will officially open for subscription today at 16:00 and will end on April 17 at 16:00. This issue continues the multi-currency participation mechanism, allowing users to participate in the subscription using JU / USDT / BTC / ETH, with the platform uniformly converting and allocating based on USDT. This round introduces a dynamic winning rate model, where the winning rate increases by 0.2% for every additional 5,000,000 USDT raised. Successfully inviting friends to participate can share a token reward of up to 20% of the final issuance amount.

The Governor of the Bank of Japan, Kazuo Ueda, has signaled a dovish stance, indicating a more cautious approach amid the uncertain impact of the Iran war on the Japanese economy, which has provided support for Bitcoin to break through $74,000.In recent years, the Bank of Japan's interest rate hikes have repeatedly caused turbulence in the crypto market. On August 5, 2024, an unexpected rate hike by the Bank of Japan triggered the unwinding of yen arbitrage trades, causing Bitcoin to drop from $64,000 to $49,000 within 48 hours. On the 28th of this month, the Bank of Japan will hold a monetary policy meeting.

Investment bank William Blair stated that after a decline of about 26% from its peak in the first quarter, Coinbase has basically completed its de-risking, and the market's expectations for its weak trading volume and revenue have been fully reflected in its stock price.Analysts pointed out that although the trading data in the first quarter was weak, it had limited impact on market sentiment, and the company is enhancing its competitiveness through a "full-service trading platform" that includes derivatives, staking, stock trading, and prediction markets. The report emphasized that the continued growth of the stablecoin USDC is a core positive, with its market share rising to about 27%, a significant increase from around 21% in 2024, and it continues to capture market share from USDT.William Blair believes that the expansion of USDC brings synergistic benefits to Coinbase and its issuer Circle, and is optimistic about the latter's long-term value in stablecoin payment and trading scenarios. At the same time, institutions believe that the probability of a long-term downturn in the cryptocurrency market is low, and Coinbase has "asymmetric upside potential" in the market recovery.

According to official news, Gate Booster will launch the sixth promotional task Checkmate (CHECK) from April 10 at 17:00 to April 18 at 00:00 (UTC+8).During the event, users can sign up to participate in the invitation task and share their exclusive links. By inviting new users to complete the designated tasks of the CHECK newcomer event, they can receive a reward of 400 CHECK, with a maximum of 4,000 CHECK per person. The total prize pool for this event is 300,000 CHECK, and the rewards are limited and available on a first-come, first-served basis. New users participating in the CHECK event can also receive a first-order reward and up to 1,914 CHECK in incentives.As a promoter task and incentive platform launched by Gate, Gate Booster targets KOLs in the crypto industry, content creators, community builders, and promotional partners. Relying on standardized task processes and a transparent reward mechanism, it continuously provides promoters with priority participation in official events and stable incentive support, helping to enhance the influence and commercial value of individuals and institutions in the Web3 field.

Driven by expectations of easing tensions in the Middle East, the price of Bitcoin has risen sharply. Israeli Prime Minister Netanyahu has reportedly instructed to initiate negotiations with Lebanon, following Trump's request for Israel to reduce military actions to maintain the ceasefire process. After the news was released, Bitcoin quickly surged by about 3%, currently reported at approximately $72,300, with a 24-hour increase of about 2%, significantly outperforming mainstream crypto assets; Ethereum, Solana, and XRP all saw increases of less than 1%. Meanwhile, U.S. stocks also stopped their decline and rebounded, while oil prices fell back from their intraday highs.It is noteworthy that there has been a clear divergence in the movements of Bitcoin and tech stocks, with their 20-day rolling correlation coefficient dropping to about 0.34, indicating that Bitcoin is gradually decoupling from tech stocks and is more driven by macro geopolitical factors and risk aversion sentiment.

The latest U.S. PCE inflation data largely met expectations, easing market uncertainty, and Bitcoin's price stabilized after previously reaching around $73,000. Data shows that the core PCE year-on-year is 3%, and month-on-month is 0.4%. The market is also influenced by the easing situation between the U.S. and Iran, but analysts point out that the current PCE data has not yet reflected potential energy price shocks.Although the inflation data did not trigger significant market fluctuations, investors remain cautious about the Federal Reserve's interest rate cut expectations for this year. Economist Mohamed El-Erian stated that compared to PCE, the upcoming CPI data to be released this week will have a more critical impact on the market, especially against the backdrop of oil price fluctuations. On the trading front, the market remains in a volatile range, with liquidity mainly concentrated in the $69,000 to $76,000 range. Trader Michaël van de Poppe believes that as long as the key support range holds, Bitcoin is expected to start a new round of upward momentum, targeting $80,000.

Due to Trump's announcement of a two-week temporary ceasefire between the U.S. and Iran, market risk sentiment quickly rebounded, and the three major U.S. stock indices saw a significant rebound. The Dow Jones Industrial Average rose more than 1300 points in a single day, marking its best performance in nearly a year; WTI crude oil futures, on the other hand, plummeted over 16%.Tom Lee, head of research at Fundstrat, stated that the current market has confirmed a phase bottom and is moving back toward historical highs. He pointed out that despite the previous surge in oil prices and escalation of conflicts, the stock market did not show a significant decline, indicating strong market resilience, while the ceasefire has become a catalyst for sentiment reversal.He expects that the S&P 500 index may rise to 7300 points within the year, which still has about 7.6% upside potential from the current level, and is optimistic about the subsequent performance of technology stocks, software, energy, and financial sectors. Among them, the "seven tech giants" are seen as the core driving force behind this round of rebound.Several institutional investors also believe that as geopolitical risks ease and oil prices fall, the market has entered a "relief rebound" phase, combined with the approaching earnings season, making the current time a potential window for buying on dips.

Brother Ma Ji, Huang Licheng, posted on platform X, stating that after reading CZ's book, he did not feel excited but rather felt a chill down his spine.Brother Ma Ji said, "Most people see this as an entrepreneurial story, but to me, it feels like a survival guide for cryptocurrency. In this field, merely following trends is not enough. You must avoid risks, endure cycles, and overcome human nature."

According to GMGN monitoring, the Meme coin Freedom of Money on the BSC chain has continued to decline since the official release of CZ's English version of the new book and its anticipated implementation. As of now, the coin price has dropped nearly 40% from yesterday's high and has retreated 43.5% from the market value peak on April 7. The current market value is reported at 12.9 million USD, with a 24-hour trading volume of approximately 6.3 million USD.ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, and has no actual value or use cases. Investors should be aware of the risks.

Binance founder Zhao Changpeng (CZ) recalled in his new book that during negotiations with the U.S. Department of Justice, the other party initially proposed a fine of up to $6.8 billion, far exceeding the final settlement amount.He stated that the two sides started with about $500 million and went through multiple rounds of negotiations, during which the prosecution repeatedly pressured and issued "ultimatums," ultimately reaching a settlement of $4.3 billion.CZ also mentioned that some lawyers suggested "paying a higher fine might help reduce the sentence," but the Department of Justice later used the high fine as one of the bases for "seriousness of the issue" in court.

Due to the impact of the phased ceasefire agreement between the U.S. and Iran, market risk aversion has significantly eased, and major global stock indices have generally risen. According to data from the Gate platform, the Asia-Pacific market performed impressively: the Taiwan MSCI Index (TW88) rose by 5.39%, closing at 2,835.36; the Nikkei 225 Index (JPN225) increased by 5.83%, closing at 354.12; the Australia 200 Index (AUS200) rose by 4.97%, closing at 6,338.18.The European and American markets also saw a broad increase, with the Nasdaq 100 Index (NAS100) rising by 3.96%, closing at 24,987.64; the S&P 500 Index (SPX500) increasing by 2.82%, closing at 6,759.58; the Dow Jones Industrial Index (US30) rising by 2.46%, closing at 47,742.26; and the Russell 2000 Index (US2000) increasing by 4.29%, closing at 2,635.59. In Europe, the German DAX 40 Index (GER40) rose by 5.78%, closing at 28,214.80; and the UK FTSE 100 Index (UK100) increased by 3.50%, closing at 14,338.18.At the same time, the rise in market risk appetite has led to a decline in volatility, with the VIX Index (VIXUSDT) falling by 5.27%, closing at 23.305, and the Gold Volatility Index (GVZ) also dropping by 3.48%, closing at 36.08. Overall, the easing of geopolitical tensions has significantly boosted global stock market performance, with funds accelerating their return to risk assets.

Binance founder Zhao Changpeng (CZ) reflected on the origins of BNB Chain in his new book, stating that the launch of BNB Chain coincided with the DeFi boom, which was not the result of his long-term planning. When the development team proposed to create this new public chain, he simply said yes and thereafter hardly participated deeply.CZ candidly stated, "In fact, I rarely make long-term plans. My principle is simple: when someone comes to me with a good idea, I give them ample resources and freedom to try."