Global TradFi & Macroeconomics

The American Bankers Association criticizes the White House’s research framework in its stablecoin report, saying it overlooks the risk of deposit outflows that could be triggered by prohibiting stablecoin yield. The White House report says the ban will have only a minimal impact on bank lending, increasing it by just $2.1 billion, but the ABA believes this issue’s framework fails to reflect the risks that would actually harm community banks and support the local economy. This dispute is also tied to the current cryptocurrency regulatory legislative efforts, shaping the future development of stablecoins and the competitive landscape for banks.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Strategy added 13,927 Bitcoin to its reserves, valued at $1 billion. The company now has 780,897 BTC in its treasury, nearly rivaling BlackRock’s 788,927 BTC for its spot Bitcoin ETF. Executive Chairman Michael Saylor assured investors that the business’s growing value will enable it to

OdinDentis (Odinting?) launched the OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it showcases its fintech transformation. Through its partnership with MoneyGram, Wallet Pro enables cross-border transfers of stablecoins purchased with cash, and operates in the U.S. market. The company’s overseas model bypasses Taiwan’s strict regulation and, under the new draft law, challenges the market competition landscape; in the future, it will affect local operators’ compliance strategies.

U.S. Vice President Vance accuses Iran of carrying out “economic terrorism,” saying that it is closing the Strait of Hormuz and threatening the global economy, and he supports the U.S. blockade of Iranian ports, calling it a reciprocal response.

Gate News: According to the latest Gate TradFi data, XUNCE (XUNCE 03317.HK) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News message: According to the official announcement, the Gate TradFi Stock Trading Zone has launched 15 stock CFD pairs for Tencent, Meituan, Xiaomi, Kuaishou, AIA Insurance, Geely Automobile, Zhipu, MINIMAX, Xunce, Lenovo, Kangfang Bio, CITIC Shares, Rongchuang China, China Biopharmaceutical, Anta Sports, all of which support 4x fixed leverage, with a minimum order quantity of 0.1. In addition, the Gate TradFi FX Trading Zone has launched 6 foreign-exchange CFD pairs: EUR/Hungarian Forint, USD/Hungarian Forint, USD/Indonesian Rupiah, USD/Indian Rupee, USD/Thai Baht, and USD/New Taiwan Dollar. All pairs support 20x fixed leverage, with a minimum order quantity of 0.01.

Trump’s net worth is estimated at $6.3 billion, up about 60% before his return to the White House. This growth is mainly driven by his family’s expansion into overseas real estate deals and the cryptocurrency sector. Government ethics experts say they are concerned and believe there may be conflicts of interest. The White House and the Trump Organization deny such claims.

Gate News message, April 14, Citi Group’s strategists raised their rating for the U.S. stock market from "Neutral" to "Buy," aligning with the views of other analysts on Wall Street. Citi said that heightened uncertainty in the war situation has made investors more inclined to choose companies with higher quality and stronger defensiveness. Based on the principles of a "quality/defensive tilt," Citi adjusted its global asset allocation. Meanwhile, Citi downgraded its emerging market stock rating from "Buy" to "Neutral," saying these markets are more vulnerable to energy shocks, and that a stronger U.S. dollar puts additional pressure on them.

On April 13, Ethereum spot ETF net inflows reached $9.44 million, including a $5.78 million inflow into BlackRock’s Staking version ETHB and a $5.15 million inflow into Grayscale’s mini ETH. BlackRock ETHA and 21Shares TETH had net outflows of $4.07 million and $1.35 million, respectively, and the fund flows of the remaining products were zero.

Saudi Arabia is urgently asking the United States to lift its blockade of the Strait of Hormuz to avoid export disruptions from the Strait of Mandeb. Threats from the Houthis have put Saudi Arabia in an energy crunch. If both major straits are blocked at the same time, global oil prices could soar to $160 to $190, triggering a drop in demand and prompting both sides of the Iran-U.S. talks to restart.

Gate News message: On April 14, U.S. Treasury Secretary Bessent said the United States should "wait and see" before cutting interest rates.

On April 13, XRP spot ETF recorded a single-day net inflow of $1.4630 million, with the only one achieving net inflow being the Franklin XRP ETF, bringing its historical total net inflow to $326 million. Currently, the XRP spot ETF’s total net asset value stands at $959 million, with a net asset ratio of 1.16%.

Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite the sharp decline in its share price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ethereum, and it expects that a rebound in the crypto market will help boost its assets and share price performance.

On April 13, spot Bitcoin ETFs saw net outflows of $291 million, with Fidelity’s FBTC experiencing the largest outflow at $229 million. Products that recorded net inflows included BlackRock’s IBIT, Bitwise’s BITB, and Morgan Stanley’s MSBT.

In recent weeks, Intel’s stock price has risen for 9 consecutive trading days, gaining nearly 60%, driven mainly by positive business developments such as its cooperation with Google and the buyback of wafer-factory equity. The company’s improved financial position, its capacity self-sufficiency strategy that attracts long-term customers, and the U.S. government’s return on investment of 200% have made it the biggest winner.

Iran’s ambassador to India, Fattahali, said that Indian tankers passing through the Strait of Hormuz did not pay the transit fee to Iran, and the Indian government also denied having paid any fee. Since the outbreak of the Iran war, Iran has blockaded that route, and there are still 15 Indian vessels stuck in the Persian Gulf.

JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a war with Iran could trigger persistent oil and commodity price shocks, creating inflation pressure that is stickier than the market expects, and that the Federal Reserve may need to maintain high interest rates for longer. He noted that the war’s economic impact is widespread, including a global restructuring of supply chains and rising energy prices. In addition, Dimon still holds a positive view of the U.S. economy, but warned that the economic shocks from the war could weaken that resilience.

Gate News message, a trader with address 0x18b0 incurred significant losses through two consecutive trading decisions. The trader sold 499.9 ETH for $1.1M at $2,197 before ETH price increased, resulting in a loss of $82.5K. Subsequently, the trader opened a long position on oil immediately before it

Broadridge Financial Solutions has launched an integrated digital asset platform for Canadian wealth management firms, enabling companies to provide cryptocurrency and traditional investment services in a single system and addressing the issue of fragmented infrastructure. The platform supports a wide range of digital assets and includes compliance control tools to lower the barrier for institutions to enter the market. This comes at a critical time when financial institutions are competing for digital asset infrastructure, strengthening the platform’s market competitiveness.