Global TradFi & Macroeconomics

Gate News update: April 11, according to Farside monitoring, yesterday (April 10) U.S. spot Ethereum ETFs saw net inflows of $64.9 million and have achieved net inflows for two consecutive trading days.

Gate News message, April 11, the Nasdaq-listed Bitcoin mining company Bitdeer released the latest Bitcoin holdings data. As of the week ending April 10, Bitdeer’s Bitcoin mining output was 165 BTC, and it sold 165 BTC in the same period, resulting in a net increase of 0 BTC; it still maintains a zero Bitcoin position.

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

Gate News: On April 11, an authoritative Pakistani government source said that although the United States and Iran had already confirmed that talks would be held on that day, the format of the negotiations is currently still undecided. The source said that the two sides have made a number of arrangements for the talks, including a “face-to-face” format and a “back-to-back” format. Pakistan has been prepared to facilitate the two sides for face-to-face talks, and also to conduct negotiations in a “back-to-back” manner by transmitting information through Pakistan as an intermediary. (Xinhua News Agency)

Iran announced on April 11 a 71-member delegation for negotiations with the United States. The delegation is led by Speaker of Parliament Kalibaf. Members include Foreign Minister Aragchi and multiple experts. The U.S. delegation has 300 members, covering multiple areas such as security.

Crypto ETFs staged a strong rebound, with bitcoin and ether both returning to solid inflows. XRP slipped modestly, while Solana activity remained absent. Key Takeaways: Bitcoin ETFs saw $358.17 million inflows on April 9, led by Blackrock IBIT, restoring momentum. Ether ETFs added $85.19 millio

A U.S. bank research report said that since the 1970s, the global economy’s reliance on oil has declined, and the oil required now is only one-third of that at the time, with economic resilience strengthening. In addition, Haitong Securities’ analysis found that gold did not exhibit safe-haven characteristics; after experiencing a pullback due to geopolitical shocks, it rebounded.

TD Cowen adjusted its price target for Bitcoin-focused Strategy while maintaining a positive outlook, contrasting it with its new buy rating for Ethereum-based Sharplink, which offers a more active digital asset growth model through staking.

Bitcoin’s weekly gain this week reached nearly 7%, marking the strongest single-week performance since October 2025, as the U.S. core CPI data came in below expectations and a ceasefire agreement between Iran and Israel boosted market sentiment. The price briefly broke through $73,000. Market expectations have intensified that the Federal Reserve may start cutting rates sooner, and technical indicators show volatility compression, suggesting that significant price swings may be ahead. In the short term, attention should be paid to the ceasefire negotiations and the Federal Reserve’s policy direction.

Gate News message, April 11, Tesla’s FSD driver-assistance software received regulatory approval in the Netherlands, becoming the first EU country to approve the software for on-road use. Tesla said it hopes other EU member states will take similar action. Widespread adoption of FSD is at the core of Tesla’s growth strategy. A large portion of the company’s current valuation of roughly $1 trillion depends on Musk’s bet that AI-driven self-driving software and robotaxi services will become the company’s primary revenue sources in the future.

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

Gate News message, April 11, Bloomberg ETF analyst Eric Balchunas revealed that Bitwise has once again updated its Hyperliquid ETF application documents. The trading ticker is set to BHYP, and the management fee is 67 basis points (0.67%). Eric Balchunas said this move typically means the ETF will be formally launched soon.

On April 10, the XRP spot ETF saw a net inflow of $9.0939 million in a single day. Of this, the Bitwise XRP ETF recorded a net inflow of $7.6149 million, and the Franklin XRP ETF recorded a net inflow of $1.4790 million. Total net asset value was $968 million, and the historical cumulative net inflow has reached $1.22B.

Gate News update: On April 11, Strategy (formerly MicroStrategy) led by Michael Saylor purchased 3,468 BTC early this morning through its perpetual preferred stock STRC（Stretch）.

Gate News message. On April 11, the U.S. Department of Energy announced that it will lend 8.5 million barrels of crude oil from the Strategic Petroleum Reserve to four companies. Companies that will borrow crude oil from the U.S. Strategic Petroleum Reserve include Macquarie and Phillips 66.

Morgan Stanley's new bitcoin ETF, MSBT, debuted strongly with $34 million in trading volume and a low sponsor fee of 0.14%. While its first-day success indicates market interest, the challenge remains to maintain steady asset growth amidst a crowded ETF landscape.

The three major U.S. stock indexes finished mixed, with the Nasdaq up 0.35% to set an eight-session winning streak, while the S&P 500 fell 0.11% and the Dow Jones fell 0.56%. Tech stocks were broadly higher, and the Nasdaq’s gain for the week reached 4.68%. Blockchain-related stocks showed mixed performance.

Trident Digital Tech Holdings and Ripple Strategy Holding have signed a strategic cooperation agreement to launch a blockchain-based tax settlement system in Africa, support cross-border payments, and plan to begin a stablecoin business pilot in 2026.

Gate News message, April 11, according to Reuters, a senior U.S. White House official said that skepticism is pervasive inside the White House. The official said that during recent conversations with his advisers, Trump seems to have acknowledged that the Strait of Hormuz is unlikely to fully reopen in the short term. However, at the same time, on Thursday Trump posted on social media that oil supplies will be restored soon, but provided no further details.

Gate News message. On April 11, Iranian Islamic Parliament Speaker Qalibaf said in a statement delivered in Islamabad, Pakistan’s capital, at around 1 a.m. local time on the 11th that Iran is sincere about negotiations with the United States, but does not trust the U.S. side. The reason is that the parties’ previous negotiations “have always ended in failure and betrayal.” Qalibaf said that if the U.S. side tries to use this round of talks to put on a show, Iran is prepared to defend its own rights.