Global TradFi & Macroeconomics

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)

U.S. March consumer price index ( CPI ) year-over-year rate rose to 3.3%, reaching the highest level in nearly two years. It was mainly driven by the Iran war, which caused energy costs to skyrocket. However, the core CPI suggests that underlying inflation pressure remains within a manageable range, and the Federal Reserve may continue to exercise patience; the timing of rate cuts is still unclear.

Gate News message: On April 10, U.S. stocks opened for trading; the Dow Jones Industrial Average rose 0.03%, the S&P 500 rose 0.27%, and the Nasdaq Composite rose 0.4%.

Trident Digital Tech Holdings has partnered with Ripple Strategy Holding. Ripple will provide stablecoin technology to support Trident’s expansion across Africa. It plans to build a blockchain tax system for 2.1 million small and mid-sized businesses in Ghana, and to set up an RLUSD/GHS liquidity pool to enable low-cost cross-border payments.

The U.S. federal government argues that sports event wagering should be treated as a financial derivative rather than gambling, and it seeks to bar Arizona from enforcing against Kalshi, the prediction market platform. If the court backs the federal position, prediction markets will operate under uniform nationwide regulation, weakening each state’s ability to regulate. This legal dispute concerns the legitimacy of prediction markets and the allocation of regulatory authority, affecting the future development of the industry.

U.S. stocks rebounded after the ceasefire agreement was announced, nearing a full recovery of the losses caused by the Iran war, but the oil market remained cautious, with prices holding at elevated levels. Investors’ confidence in future economic and political developments increased, and they may continue to add to their positions.

Gate News message: On April 10, U.S. National Economic Council Director of the White House, Hassett, said the Strait of Hormuz could be reopened within two months. In addition, Hassett said the Federal Reserve still has room to cut interest rates, and this outlook will be very solid.