Global TradFi & Macroeconomics

SpaceX's commitment to its Bitcoin reserves, despite significant losses, signals a potential wave of corporate adoption, according to SkyBridge Capital's Anthony Scaramucci. The upcoming IPO will require public disclosure of its $603 million Bitcoin position.

Gate News update. On April 13, Iranian Islamic Consultative Assembly lawmaker Seyed Mahmoud Nabaviyan, who took part in negotiations between the United States and Iran, posted on social media on April 12 listing three demands put forward by the United States, and then deleted them. The three demands are: The U.S. demanded that the benefits from the Strait of Hormuz be jointly shared with Iran; the U.S. demanded that all highly enriched uranium with a concentration of 60% be shipped out of Iran; and the U.S. demanded that Iran not carry out uranium enrichment activities during the next 20 years.

U.S. Central Command confirms that, starting April 13, it will impose a maritime blockade on Iranian ports, while international shipping through the Strait of Hormuz is not affected. WTI crude oil prices break above $105, and Bitcoin falls back to around $71,000, with global energy and crypto asset markets responding in sync.

A single address on the Hyperliquid platform held a $73.05 million crude oil short position in a day; its floating profit of $5.89M turned into a floating loss of $2.10 million. Of this, the CL and BRENTOIL short positions were down $1.4M and $620k respectively. The address became the largest leveraged position in BRENTOIL.

According to SoSoValue data, from April 6 to April 10, SOL spot ETF net outflows totaled $5.62 million, with the Grayscale GSOL trust having the largest outflow at $2.6893 million. Invesco & Galaxy Digital's QSOL recorded net inflows of $0.2470 million. Currently, the total net asset value of SOL spot ETFs is $828 million.

Gate News: According to the latest Gate TradFi data, VIX (VIX) has surged by 3% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Last week, spot Ethereum ETFs recorded net inflows of $187 million, among which BlackRock’s ETHA had the largest net inflow, reaching $168 million. Fidelity’s FETH saw net outflows of $62.1274 million, with total net asset value of $12.96 billion.

The Hungarian opposition Tisza Party beat Viktor Orbán in the parliamentary election, ending his 16 years in power. It is expected to roll back the tough cryptocurrency regulatory measures imposed under the Orbán government and restore relations with the European Union. The new government taking office may also allow global financial platforms such as Revolut to return to the market, and it will further accelerate the EU’s process of unifying digital assets.

Trump said that because of Iran’s actions in the Strait of Hormuz, the United States will impose blockade measures, and the world’s reliance on American oil will deepen. He emphasized that U.S. oil reserves have increased significantly, and ships no longer need to pass through the Strait of Hormuz.

TSMC’s earnings call is about to be held. Expert Wan-Chun Shen emphasized that investors should focus on technology trends rather than short-term EPS, and that AI demand is making advanced packaging a key factor. In the future, technologies such as 3D stacking and FOPLP are expected to break through bottlenecks. Investors should focus on TSMC and related stocks in advanced process equipment and advanced packaging technology to seek long-term returns.

Gate News message, April 13, according to Gate Market data, Hong Kong stock market’s “Token first stock,” Xunce(03317.HK), rose more than 20%, with a cumulative gain of over 625% year to date.

On April 13, the precious metals market was under pressure, with gold and silver prices falling by 0.86% and 1.70%, respectively. The crypto market volatility index rose, the U.S. dollar against the Chinese yuan and the yen edged up, crude oil prices surged significantly, with WTI up 8.99%. The Gate platform supports trading a variety of traditional financial products.

Gate News: According to the latest Gate TradFi data, JPN225 (Nikkei 225) has dropped by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Bloomberg strategist Mike McGlone says the crypto bear market may be in its early stages, and Bitcoin could fall to $10k. Even though Bitcoin ETFs have matched S&P 500 ETF returns, Bitcoin ETFs have higher volatility and the valuation of underlying assets that lack real support remains elevated.

Iranian Parliament Speaker Qalibaf warned that the U.S. oil price would rise due to blockade measures, hinting at retaliation against the United States. At the same time, tensions in the Strait of Hormuz are escalating, and market forecasts suggest that oil prices could break above $115 per barrel. The U.S. and Britain differ on their stance toward the blockade of Hormuz, and there are also differences in statements between Trump and the Central Command, affecting the likely future direction of oil prices.

Gate News message, on April 13, U.S. President Trump said that he is building the "greatest stock market in history."

Gate News message: On April 13, JPMorgan Chase will expand JPM Coin to the Canton Network this year via Kinexys. The network currently processes more than $350 billion per day in U.S. Treasury repo settlement.

Michael Saylor, chairman of MicroStrategy, recently revealed that the company’s bitcoin holdings only need to achieve 2.05% annualized growth to avoid issuing new shares and pay preferred stock dividends indefinitely. With its current holdings of 766,970 bitcoins, at today’s market value they can support dividend payments for about 48.7 years, demonstrating financial sustainability. The company then uses the preferred stock funds to buy more bitcoins, creating a virtuous cycle.

As SpaceX is about to launch its first initial public offering, commercial space enthusiasm is heating up again. Taiwan’s outlier venture capital firm, announced the launch of a new $300 million fund, taking an all-out aim at the space industry. Founder Hou Hai-chi uses quantitative data and patent software to successfully lay the groundwork for new startups such as Vast Space and AstroForge, and analyzes government contracts to uncover non-dilutive funding, signaling the enormous potential of the space economy.

The U.S. Central Command announced it will implement a maritime traffic blockade for all vessels entering and leaving Iranian ports at 22:00 Beijing time on April 13, covering all countries’ ships in the Arabian Gulf and the Gulf of Oman, but it will not affect ships traveling to and from non-Iranian ports via the Strait of Hormuz.