Global TradFi & Macroeconomics

Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.

Gate News message, on April 11, local time on the 11th, Iranian President Pezeshkian posted on social media that the Iranian high-level delegation traveling to Pakistan will do everything to protect the country's interests and will conduct negotiations with a brave attitude. Pezeshkian emphasized that regardless of the outcome of the negotiations, the Iranian government’s work to serve the people will not stop for a moment, and the Iranian government has always stood with the people.

According to data from a research institution, crypto perpetual contracts that are anchored to traditional assets are gradually becoming a tool for “pre-pricing Wall Street,” with their weekend price movements predicting the accuracy of Monday’s traditional market by as much as 89%. Trading volume and weekend activity for these contracts have increased significantly, and they have become an important reference for gauging the short-term direction of traditional markets.

Bitmine chairman Tom Lee said on the X platform that although there are still doubts in the market, there are signs that the bottom has already formed. He is bullish on Ethereum and related assets and believes crypto is a wartime value-preservation tool. Risk assets may rebound, but it’s important to watch whether the macroeconomic environment and geopolitical situation remain stable.

Michael Saylor asserted that Bitcoin had already finished bottoming out at $60k, and he believes concerns about threats from quantum computers are overblown. He predicts that Bitcoin will become the core of a digital credit system in the future, and he mentioned that selling pressure in the market is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of the company’s future performance.

Gate News message: On April 11, U.S. President Donald Trump said in an interview on April 11 local time that he currently does not know the progress of the negotiations between the United States and Iran that day. When asked whether the U.S.-Iran negotiations have officially started, Trump confirmed and said, "Yes." Regarding whether Iran is conducting sincere talks, he said he would provide an answer within a very short time and it would not take long. When asked whether he was optimistic about this, Trump responded that if things do not go smoothly, the United States is ready to "restart." (CCTV News)

The Israel Defense Forces conducted airstrikes in Lebanon, targeting more than 200 locations within the past 24 hours, all of which were associated with the Hezbollah organization. The military continues to strike infrastructure linked to Hezbollah and supports ground forces’ operations to prevent artillery fire attacks on Israel.

In a statement on April 11, Trump said that Iran’s military power was severely dealt a blow, with its navy, air force, and air defense systems nearly destroyed, leaving only naval mines as a threat. The United States is clearing the Strait of Hormuz and is also assisting multiple countries in transporting oil.

Gate News message. On April 11, according to Iran's state television, an Iranian senior military official denied reports about any U.S. ships transiting the Strait of Hormuz.

Gate News message. On April 11, Reza Nazari, an advisor to the Iranian Ministry of Information and Communications, told Xinhua News Agency reporters on April 11 that there would be no in-person talks until the concerns on Iran’s side are addressed. He said: "I’ve also seen reports that U.S.-Iran negotiations have been launched, but at this stage, these negotiations are not in person."

Gate News announcement, April 11, Trump posted on the Truth platform saying that in the struggle to secure freedom in Iran, he is closely watching fertilizer prices. The United States will absolutely not tolerate fertilizer monopoly companies inflating prices, and he emphasized, “American farmers, we’re with you.” Agricultural fertilizer is one of the main products the United States imports through the Strait of Hormuz.

Due to the Middle East situation, a certain CEX is offering its UAE employees options for temporary relocation to places such as Hong Kong and Tokyo. Although many employees choose to stay in the UAE, the company’s business operations are running normally. This move is intended to provide support for employees. At the same time, the Middle East conflict has affected the schedules of multiple crypto events and exhibitions.

Gate News update: On April 11, according to Bloomberg TV, most Wall Street analysts expect Michael Saylor’s MSTR (MicroStrategy) stock price to more than double this year. Most analysts maintain a Buy rating and say it is the world’s most undervalued company.

Amid the impact of the U.S.-Iran geopolitical conflict, the Bitcoin market has diverged: institutional investors continue to accumulate Bitcoin, while whales, mining firms, and some countries are reducing their holdings. Data shows that large holders have shifted to net selling, mining firms’ sell-offs have been significant, and sovereign holders have also clearly cut exposure. Despite muted market sentiment, the price of Bitcoin has held in the $65k to $73k range, and its future direction will depend on continued inflows of institutional capital.

Gate News message. On April 11, according to a source at CBS in the United States, a meeting on the Iran issue that U.S. Vice President Vance is scheduled to attend during his trip to Islamabad has already begun.

Gate News message, on April 11, according to reports by Iran’s state television, Iran’s Ministry of Foreign Affairs spokesperson said that Iran is maintaining contact with Lebanon to ensure that all parties honor their ceasefire commitments on all fronts.

The United States and Iran held historic direct talks on April 11 in Islamabad, Pakistan, marking the first high-level diplomatic contact since the 1979 Iranian Revolution. The aim is to stabilize the ceasefire and seek a war-resolution solution. Both delegations are large in size, and Pakistan is serving as the intermediary. The negotiations are set against the backdrop of recent military clashes and their impact on global financial markets, and the market will closely watch developments.

Michael Saylor asserts that Bitcoin has already completed its bottoming process at $60k, and believes concerns about threats from quantum computers are overblown. He predicts that Bitcoin will become the core of a digital credit system in the future, and notes that the market’s selling pressure is limited, which could help drive a new bull market. Mizuho also has a positive assessment of the company’s future performance.

Gate News update, April 11, Trump posted on his Truth platform saying that a large number of empty tankers—some of the largest in the world—are currently en route to the United States, loaded with the world’s highest-quality, most “sweet” oil and natural gas. Trump emphasized that the United States’ oil reserves exceed the combined totals of the second- and third-largest oil-producing countries, and that the quality is higher. In the post, he wrote: “We look forward to your visit. Don’t waste time!”

Chicago Mercantile Exchange bitcoin futures open interest fell to a 14-month low. Driven by the unwinding of basis trades, institutions are leaning toward directly holding spot, and the leverage level in the futures market has dropped significantly.