According to Odaily, Iran's Tasnim News Agency reported on the 8th that claims about the appointment of the head of Iran's negotiation delegation are inaccurate. The decision has not been finalized, according to informed sources.
🚀 Expert Predicts Continued Bear Market Cycle for Ethereum
Jiang Zhuoer has announced his decision to short Ethereum (ETH) for short- to medium-term trading. According to NS3.AI, Zhuoer believes that the bear market cycle for Ethereum is not yet over, indicating potential challenges ahead for investors.
🚀 USDA April Report to Address U.S. Soybean Export Expectations
The USDA is set to release its April report on April 10 at 0:00 UTC+8. According to Jin10, the report is anticipated to address whether there will be a downward revision in the export expectations for U.S. soybeans, given the absence of large-scale orders. Additionally, the report will highlight other key areas of interest for stakeholders.
🚀 ANUBIS Mainnet Launches with Privacy and Compliance Features
ANUBIS officially launched its mainnet on April 7 at 8:00 PM EDT, according to ANUBIS's official announcement. According to Odaily, the launch took place at 1:00 AM London time and 8:00 AM Singapore time on April 8.
ANUBIS is a privacy-focused financial public blockchain based on the EVM architecture. It employs a 'selective privacy' model and a ZK-KYC compliance framework to balance privacy protection with on-chain verifiability while remaining compatible with the existing blockchain ecosystem. Following the mainnet launch, ANUBIS aims to build a financial infrastructure that emphasizes both privacy and compliance.
The project will now enter the network operation and ecosystem expansion phase, providing foundational support for applications such as RWA tokenization and institutional-grade payments.
🚀 Combined Oil Assets Surpass Other Perpetual Contracts on Hyperliquid
Combined oil assets have seen a significant increase in trading volume on Hyperliquid, surpassing all other perpetual contract products, including Bitcoin. According to Foresight News, this marks a notable shift in trading preferences on the platform.
🚀 STOCKS | Hong Kong Stock Market Closes with Significant Gains
The Hong Kong stock market closed with notable gains, as the Hang Seng Index rose by 3.09% and the Technology Index increased by 5.22%. According to Jin10, the semiconductor sector experienced a substantial surge, with Hua Hong Semiconductor (01347.HK) closing up by 14.68% and SMIC (00981.HK) rising by 10.10%.
Energy stocks in the U.S. experienced significant declines in pre-market trading. According to Jin10, Occidental Petroleum saw a decrease of 7.8%, APA Group fell by 9.8%, Drilling Energy dropped 7.9%, ConocoPhillips declined by 7%, and Cotera Energy was down by 5.7%.
🚀 PRECIOUS METALS | Turkey's Central Bank Conducts Gold-for-Lira Swap Auction
Turkey's central bank has initiated a traditional one-week auction, exchanging four tons of gold for Turkish lira. According to Jin10, this move is part of the bank's ongoing efforts to manage its monetary policy and stabilize the national currency. The auction reflects Turkey's strategic approach to leveraging its gold reserves in exchange for local currency, aiming to bolster financial stability amid fluctuating economic conditions. This swap auction is expected to influence the country's monetary dynamics and impact the broader financial market.
🚀 STOCKS | U.S. Bank Stocks Surge in Pre-Market Trading
U.S. bank stocks experienced significant gains in pre-market trading. According to Jin10, JPMorgan Chase saw an increase of 2.6%, while Bank of America rose by 2.3%. Wells Fargo also climbed 2.6%, and Citigroup surged by 3.7%. Goldman Sachs reported a rise of 3.8%, and Morgan Stanley increased by 3.7%. These movements indicate a positive sentiment in the banking sector.
🚀 Metaplanet's Japanese Shareholder Count Surpasses 250,000
Metaplanet CEO Simon Gerovich announced that the Bitcoin treasury company has reached a significant milestone with its Japanese shareholder count exceeding 250,000. According to NS3.AI, this achievement reflects the growing interest and investment in Bitcoin within Japan. The increase in shareholders highlights the expanding influence of cryptocurrency in the region, as more individuals and entities engage with digital assets. Metaplanet's success in attracting a substantial number of shareholders underscores the potential for further growth in the cryptocurrency market.
🚀 South Korea Proposes Digital Asset Basic Act for Stablecoins
South Korea's ruling Democratic Party has introduced a Digital Asset Basic Act aimed at regulating stablecoins used in foreign exchange as a payment method. According to NS3.AI, the proposed legislation includes Article 112, which mandates that issuers of digital assets tied to real-world assets must place these underlying assets in a managed trust under the Capital Markets Act. Additionally, Article 124 stipulates that businesses dealing with value-stable digital assets in foreign exchange will be subject to foreign exchange supervision without the need for separate registration. The act also proposes exemptions for certain payments for goods and services from reporting requirements within a specified range.
🚀 South Korea's Ruling Party Sets Standards for Tokenization of Physical Assets
South Korea's ruling Democratic Party has introduced a comprehensive bill outlining standards for the tokenization of physical assets. According to PANews, the legislation requires issuers to deposit related assets into a management trust in accordance with capital market laws, with specific details to be determined by presidential decree.
The bill also addresses stablecoins, stipulating that if used for foreign exchange transactions, they will be considered a payment method under foreign exchange laws, automatically falling under the supervision of foreign exchange management without the need for additional registration. For everyday consumer payments, stablecoins are exempt from reporting obligations.
Furthermore, the legislation prohibits stablecoin issuers from paying interest to holders under any circumstances. The Financial Services Commission is tasked with developing interoperability technical standards for stablecoins to prevent liquidity fragmentation when Korean won stablecoins are issued across multiple chains.
Additionally, the bill proposes integrating exchange and decentralized disclosure systems into a unified disclosure system under the digital asset industry association.
Geopolitical tensions typically have a negative impact on precious metals like gold and silver. According to Odaily, the recent U.S.-Iran conflict initially led to a decline in these metals due to leveraged sell-offs. However, following the ceasefire, market sentiment improved, resulting in a rebound in gold and silver prices. The ceasefire also suggests that major central banks may not need to aggressively raise interest rates, contributing to the recovery of precious metals.
🚀 Economist Warns of Upcoming Inflation Shock Despite Oil Price Drop
Pantheon Macroeconomics economist has indicated that despite the recent decline in oil prices following a two-week ceasefire agreement, a significant inflation shock is anticipated. According to Jin10, the economist stated that the ceasefire agreement has eliminated the prospect of an interest rate hike in April, which was always considered unlikely. However, the view remains that the European Central Bank will slightly tighten its policy during the summer. While the market has welcomed the ceasefire, Iran may still restrict traffic through the Strait of Hormuz. The economist added that Tehran has learned from this crisis that it can exert substantial pressure on the United States by controlling the strait, and there is no reason for Iran not to leverage this advantage now.
🚀 ANZ Economists Warn of Persistent Inflation Pressure in Asia Despite U.S.-Iran Ceasefire
ANZ economists have expressed concerns that inflationary pressures in Asia may persist in the coming months, despite a temporary ceasefire agreement between the United States and Iran. According to Jin10, the ongoing Middle East conflict has led to widespread cost increases, affecting prices of energy, fertilizers, and shipping. ANZ noted that countries which have already released their March inflation data show signs of these pressures, despite policy efforts such as subsidies to mitigate the impact. Nations reliant on imported food may experience faster price increases compared to other regions, as rising energy costs drive up transportation expenses.
🚀 MetaPlanet's Japanese Shareholders Surpass 250,000
MetaPlanet CEO Simon Gerovich announced that the number of Japanese shareholders in the company has exceeded 250,000. According to Odaily, this milestone makes MetaPlanet one of the most widely held stocks in Japan.
On April 8, Iran's Ambassador to China, Fazli, addressed concerns regarding potential tolls for passage through the Hormuz Strait. According to BlockBeats, Fazli stated in Beijing that Iran has not yet established an official toll scheme or standards. The decision will be based on current global waterway toll standards and international law.
🚀 Pundi X Collaborates with Fromm.io to Develop AI Financial Infrastructure
Pundi X (PUNDIX) has announced a collaboration with Fromm.io to establish financial infrastructure tailored for AI agents. According to NS3.AI, Pundi AI will focus on offering data and model access, while Fromm.io will facilitate micro-payments, escrow services, and automated settlements. This partnership aims to enhance the capabilities of AI agents in managing financial transactions efficiently.
🚀 Iranian Parliament Speaker to Lead Delegation for U.S.-Iran Talks in Islamabad
Iranian Parliament Speaker Mohammad Bagher Ghalibaf is set to lead a delegation to participate in U.S.-Iran negotiations in Islamabad, Pakistan, on April 10. According to Odaily, this development follows confirmation from Pakistani Prime Minister Shehbaz Sharif that Iran, the United States, and their respective allies have agreed to an immediate ceasefire in all locations, including Lebanon and other regions, effective immediately. The talks aim to reach a final agreement to resolve all disputes.
🚀 South Korea Implements Enhanced Withdrawal Delay System for Virtual Assets
South Korea's Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have announced the implementation of an enhanced withdrawal delay system in collaboration with the Digital Asset Exchange Association (DAXA) and various virtual asset exchanges. According to Foresight News, the authorities have strengthened the criteria for withdrawal delay exceptions and established unified internal standards.
The new system aims to prevent telecommunication fraud by restricting certain groups, such as new users, from withdrawing virtual assets within a specified period. Previously, the lack of clear benchmarks and inconsistent standards across exchanges allowed criminals to exploit these loopholes. Statistics indicate that from June to September last year, 59% of fraud accounts at virtual asset exchanges were classified as 'exception accounts' under the withdrawal delay system.
