Global TradFi & Macroeconomics

Taiwan’s crypto-specialized legal framework will be rolled out in 2026, and financial institutions will begin acquiring virtual asset service providers (VASPs). Financial holding groups such as Fubon and the United Bank of Taiwan have been actively positioning themselves, accelerating the integration of traditional finance with the crypto industry. Emerging platforms such as HOYA BIT are showing strong competitiveness. The market expects that once the regulations are implemented, demand for virtual assets will increase significantly.

Gate News: According to the latest Gate TradFi data, SNOW (Snowflake) has dropped by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message: On April 10, U.S. and Iranian delegations are expected to hold talks in Islamabad, the capital of Pakistan, on April 11. As of now, Islamabad has increased its security measures, and the media center has begun operations. According to CCTV, as of now, there is no clear information on the specific timing and format of the talks. There are reports that in the first phase, the U.S. and Iran may not hold face-to-face talks; instead, each side may meet with Pakistan first, and then decide whether to proceed with direct talks between the U.S. and Iran.

Gate News update: On April 10, according to market sources, on April 11, U.S. Democratic Senator Elizabeth Warren sent a letter to the U.S. Commodity Futures Trading Commission (CFTC), requesting an investigation into oil trades related to remarks made by U.S. President Donald Trump about Iran.

Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.

Benchmark reaffirmed its bullish stance on Securitize (SECZ) in its latest research report, setting a $16 price target, and believes the company will benefit significantly from the tokenized asset wave. If it were to capture 0.01% of the NYSE’s market cap, its asset base could double. Securitize has full regulatory credentials and has become the digital transfer agent for the NYSE’s tokenized securities platform. It has also partnered with BlackRock, with the size of its tokenized U.S. Treasury fund nearing $3 billion, but it faces regulatory and technology risks.

Gate News: According to the latest Gate TradFi data, CRDO (Credo Technology Group Holding Ltd) has surged by 12% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Compass Point analyst downgraded Circle’s rating from “Neutral” to “Sell,” and cut the target price to $77. The reason is that USDC growth is mainly coming from low-profit platforms, which is affecting the company’s earnings. The analyst expects first-quarter performance to miss expectations, with EBITDA falling 19% quarter-over-quarter. Despite this, if the crypto market rebounds, Circle’s outlook could still improve.

Iran’s Deputy Foreign Minister, Habibzadeh, said that although the Strait of Hormuz remains open, due to technical restrictions imposed in the war zone environment, all vessels must coordinate with Iran’s military to ensure safety. U.S. ships may transit, but must not engage in hostile activities and must comply with relevant regulations.

Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.

Trump warned that if peace talks with Iran fail, U.S. warships are ready to deploy advanced weapons for a military strike. He expressed doubts about his commitments to Iran and said he would soon know the outcome of the negotiations.

Morgan Stanley’s Bitcoin ETF “MSBT” officially launched, becoming the first such product issued by a major bank, with management fees as low as 0.14%. It pulled in $34 million on day one, showing market demand for low fees and adviser distribution channels. This move signals that traditional financial institutions are moving fully into the crypto asset market, with competition shifting toward fees, liquidity, and customer reach.

Gate News: According to the latest Gate TradFi data, NIO (NIO) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

CME Group will begin offering 24/7 trading for cryptocurrency futures starting May 29, and will also add AVAX and SUI futures, showing that traditional finance is quickly moving toward 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 lineup.

Gate News message, according to the April 10 update, Bitcoin ETFs recorded a 1-day net flow of +4,614 BTC (+$334.63M) and a 7-day net flow of +7,358 BTC (+$533.62M). Ethereum ETFs showed a 1-day net flow of +23,039 ETH (+$51.38M) and a 7-day net flow of +15,349 ETH (+$34.23M). Solana ETFs experience

Gate News: According to the latest Gate TradFi data, SNOW (Snowflake) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message: On April 10, the United States’ initial forecast for the 1-year inflation rate was 4.8% for April, higher than the market expectation of 4.3%, with the prior value at 3.80%. This data is an important component of the University of Michigan consumer sentiment index and reflects consumers’ expectations for inflation levels over the next year.

Gate News message: On April 10, based on the CPI data released today, Citigroup Group’s economists initially forecast that the March core PCE (Personal Consumption Expenditures Price Index, the inflation gauge preferred by the Federal Reserve) month-over-month rate will be 0.3%. This figure is above the level implied by the Fed’s 2% year-over-year target, but it is better than February’s 0.4% increase. The Citigroup team noted that, compared with the PCE indicator favored by the Fed, core CPI has consistently shown an unusually small rise. They also need to factor in PPI data to make a more accurate forecast for PCE.

On April 10, the precious metals market was strong: gold rose to $4,773.60 per ounce, and silver rose to $76.364 per ounce. In the crypto market, volatility eased, the FX market saw the U.S. dollar weaken versus the Chinese yuan, and global equity indexes rose. In commodities, WTI crude oil rose while Brent crude oil fell. The Gate platform supports trading a variety of financial assets.

Gate News message. On April 10, the spokesperson of the Islamic Revolutionary Guards’ Khatam al-Anbiya Central Headquarters, Iran, said in a statement released on the 10th that due to repeated breaches of trust by the United States and Israel in the past, Iran’s armed forces remain in full readiness, prepared to open fire at any time. (Xinhua)