Global TradFi & Macroeconomics

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

The latest data from the U.S. Bureau of Economic Analysis shows that in February, the core PCE price index rose 3.0% year over year, while overall PCE increased 2.8% year over year. Both figures are in line with market expectations, and inflation pressure remains stable. Even though people’s income has declined, consumer spending is still increasing, and the savings rate has fallen to 4.0%. The market’s view on the interest-rate cut path is somewhat neutral: inflation has not meaningfully worsened, but it has also not been dropping rapidly.

Gate News, April 10, according to Reuters, the market continues to price in expectations that the Federal Reserve will keep interest rates unchanged throughout 2026.

Gate News message, April 10, after the CPI data was released, the latest price of WTI U.S. crude oil (U.S. West Texas Intermediate) was $97.57 per barrel, and Brent crude oil (the international benchmark) was latest at $95.46 per barrel. The U.S. Dollar Index DXY (an indicator that measures the strength of the U.S. dollar against a basket of currencies) fell 10 points in the short term, with the latest reading at 98.68.

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

Gate News message: On April 10, U.S. Vice President Vance said that Trump has provided very clear guidance for the negotiations, is looking forward to talks with Iran, and believes that the negotiations with Iran will be positive.

Gate News message: On April 10, the U.S. dollar spot index has fallen cumulatively by about 1.4% this week, marking the largest weekly drop since January. After the CPI data was released, market trading strategies focused on buying the U.S. dollar and oil. The foreign exchange market has now entered a news-headline-driven trading phase, and progress in the Iran-U.S. negotiations amid a fragile ceasefire is becoming the new focal point.

The crypto market has seen a 1.14% decline, with Bitcoin and Ethereum experiencing slight gains. Top gainers include PEPE and IRISnet. DeFi TVL increased, while NFT sales dropped. Notable events include xAI suing Colorado and South Korea tightening crypto regulations.

Gate News message: On April 10, the U.S. March unadjusted CPI year-over-year rate recorded 3.3%, with gasoline prices accounting for nearly three-quarters of the CPI increase.

Gate News message. On April 10, Pakistani media confirmed that an Iranian delegation has arrived to begin negotiations. The main round of talks between Iran and the United States will be held in Pakistan tomorrow (April 11), and the discussions will focus on two issues: opening the Strait of Hormuz and extending the ceasefire.

Gate News update, April 10: Nasdaq-listed Bitcoin miner BitFuFu disclosed its March operating data. The data shows that BitFuFu sold 80 bitcoins in March, while its mining output during the same period was 214 BTC, including 171 BTC from its cloud mining business and 43 BTC from its self-operated mining business. As of the end of March, BitFuFu’s bitcoin holdings totaled 1,794 coins.

Gate News, according to Tree News, the U.S. Consumer Price Index (CPI) rose 3.3% year over year, below market expectations of 3.4%. The U.S. Core CPI rose 2.6% year over year, also below market expectations of 2.7%.

Gate News message: On April 10, according to CME "FedWatch" data, before the CPI data is released, the probability that the Federal Reserve will raise rates by 25 basis points in April is 1.6%, while the probability of keeping rates unchanged is 98.4%. Looking ahead to June, the probability of cumulative rate cuts of 25 basis points is 1.5%, the probability of keeping rates unchanged is 96.8%, and the probability of cumulative rate hikes of 25 basis points is 1.7%.

Morgan Stanley’s Bitcoin ETF “MSBT” has officially launched, becoming the first such product issued by a major bank, with a management fee as low as 0.14%. It pulled in $34 million on day one, indicating strong market demand for low fees and advisor distribution channels. This move marks the full-scale entry of traditional financial institutions into the crypto asset market, shifting the competitive focus to fees, liquidity, and the ability to reach customers.

Circle’s Chief Strategy Officer Dante Disparte responded to the Drift Protocol theft incident, emphasizing that freezing USDC is being carried out according to law, calling for stronger coordination between law and technology, and suggesting that DeFi protocols should draw on protection mechanisms from traditional markets to advance legal protection of property rights and financial privacy.

Gate News, on April 10, Daly, the president of the Federal Reserve Bank of San Francisco, said that if the Iran conflict is resolved quickly and oil prices fall, a rate cut is “not impossible.” She also noted that the likelihood of a rate hike is lower than the likelihood of cutting rates or keeping interest rates unchanged.

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

Gate News update: On April 10, RWA tokenization platform Libeara announced it has completed a new round of funding. AlloyX Ventures, a venture capital firm under Nasdaq-listed company SOLOWIN HOLDINGS, participated in the investment. The specific amount has not been disclosed. Libeara said the new funds will be used to advance the development of compliant digital infrastructure.

Banks such as Australia and New Zealand Banking Group (ANZ) and investment banks like Goldman Sachs predict that gold may rebound in the long term, mainly driven by central bank demand, geopolitical uncertainty, and expectations that the Federal Reserve will cut interest rates. ANZ expects the gold price to reach $5,800 by year-end, while Goldman Sachs maintains a $5,400 outlook, saying that central bank gold purchases will be a support factor.