Global TradFi & Macroeconomics

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

The Pakistani government has proposed holding a second round of face-to-face U.S.-Iran negotiations in Islamabad. Currently, both sides still have differences on nuclear issues. U.S. Vice President Vance said there has been progress and emphasized that Iran needs to take the initiative. As the April 21 ceasefire deadline approaches, if there is no new agreement, military action could escalate. The market response has been largely positive, but traders remain cautious.

The latest U.S. Producer Price Index (PPI) shows that in March, the year-over-year increase reached 4%, the largest rise in three years, driven mainly by the Iran war boosting energy costs. The Federal Reserve faces a dilemma: the core PPI is relatively mild, indicating that inflation pressure is coming primarily from the supply side. Market expectations for a potential rate cut by the Federal Reserve have decreased, and the reaction in financial markets indicates that expectations for a more restrictive stance in monetary policy have strengthened. The focus going forward will be on the Consumer Price Index and the Federal Reserve’s interest-rate decision.

Goldman Sachs recently filed an application for a Bitcoin yield ETF with the U.S. Securities and Exchange Commission, showing that traditional financial institutions’ plans for crypto assets continue to be upgraded. Such ETFs generate recurring income for investors through options strategies, allowing them to profit even if the Bitcoin price does not rise. Goldman Sachs’ crypto finance strategy continues to expand, underscoring Wall Street’s proactive offensive toward the crypto market.

Deutsche Börse Group invested $200 million in Payward, valuing it at $13.3 billion and gaining 1.5% ownership. This partnership, aimed at bridging traditional finance and crypto, precedes a potential U.S. IPO, despite a lower valuation than previously discussed.

Bitcoin surged past $76,000 following lower-than-expected US Producer Price Index data for March 2026, which indicated a 4% year-over-year increase. The rise reflects strong market support despite declining leveraged positions.

The report of the White House Council of Economic Advisers analyzes the U.S. economy in 2025. Under the impact of policy adjustments, the real GDP growth rate is 2.0%. Although there may be volatility in the short term, the forecast is that average growth over the next ten years will be 3.0%. The deployment of artificial intelligence and the “Big and Beautiful U.S.” act will become the main economic drivers, with inflation and interest rate expectations remaining stable.

Major U.S. tech stocks saw significant gains, with Meta rising over 3% and Amazon up 3%. The Nasdaq, S&P 500, and Dow all advanced, indicating a positive trend in major equity indices.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite a sharp decline in its stock price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help enhance its assets and stock price performance.

Bitcoin surged to $75,000 amid rising U.S.-Iran tensions, adding $98 billion to its market cap and causing $500 million in liquidations. Technical analysts suggest that holding support above $67,000 could lead to an increase toward $80,000, despite highlighting $50,000 as a critical level if support fails.

Israeli Defense Minister Katz announced that Israel's military actions, including the "12-Day War" against Iran in 2025, have dismantled Iran's nuclear program. The U.S. and Israel demand the removal of enriched uranium as a condition to cease regional military operations.

Hong Kong's ICAC charged Chan Chau-wan for allegedly bribing KPMG managers with HK$400,000 in 2010 to facilitate Honliv International's IPO. The KPMG assistant manager reported the bribe, leading to an investigation.

U.S. Treasury Secretary Bessent advised the Federal Reserve to observe before cutting rates, expressing confidence in declining core inflation. He mentioned the implementation of a 10% tariff under Section 122, with uncertainty about a potential increase to 15%.

Gate News message, according to the submitted filings, Goldman Sachs has filed an application with regulatory authorities for a Bitcoin Premium Income ETF.

Amazon will acquire Globalstar to enhance its low Earth orbit satellite network, Amazon Leo, by incorporating Globalstar's satellite infrastructure. This merger will improve connectivity in remote areas and includes a partnership with Apple for satellite services on iPhones and Apple Watches.

The ongoing US blockade of Iranian ports is redirecting oil tankers towards the Atlantic, significantly disrupting global oil shipping and leading to a decline in freight rates. Experts predict lasting shifts in tanker routes, potentially impacting the global economy.

Gate News, April 14 — Spot silver (a precious metal traded in global markets) rose 4.21% to $78.72 per ounce.

JPMorgan CFO Jeremy Barnum cautioned that stablecoins could create regulatory arbitrage, offering bank-like services without necessary oversight. He advocated for a clearer regulatory framework for digital assets, prioritizing consistency over speed.