Global TradFi & Macroeconomics

Taiwan’s crypto-specific law will be implemented in 2026, and financial institutions will begin acquiring virtual asset service providers (VASP). Financial holding groups such as Fubon and Federal Bank are actively positioning themselves to accelerate the integration of traditional finance with the crypto industry. Emerging platforms like HOYA BIT are gaining competitiveness. With the regulations rolling out, the market expects demand for virtual assets to increase significantly.

Canary Capital has filed for a spot PEPE ETF with the SEC, aiming to directly hold PEPE tokens while possibly keeping 5% in Ether for fees. This move reflects growing interest in meme coins, despite PEPE's significant decline in value.

Bitmine Immersion Technologies completed its listing up-switch from NYSE American to the NYSE main board on Thursday, marking a major milestone in the company’s development. Chairman Tom Lee announced an increase to the stock buyback program to $4.0 billion, but the stock price is still facing challenges, down 90% from its peak last year. Bitmine currently holds 3.98% of the total supply of ether, and market conditions may be the key to its turnaround.

Gate News: According to the latest Gate TradFi data, CRDO (Credo Technology Group Holding Ltd) has surged by 12% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News: According to the latest Gate TradFi data, SNOW (Snowflake) has dropped by 10% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Taiwan’s crypto-specialized legal framework will be rolled out in 2026, and financial institutions will begin acquiring virtual asset service providers (VASPs). Financial holding groups such as Fubon and the United Bank of Taiwan have been actively positioning themselves, accelerating the integration of traditional finance with the crypto industry. Emerging platforms such as HOYA BIT are showing strong competitiveness. The market expects that once the regulations are implemented, demand for virtual assets will increase significantly.

Gate News: According to the latest Gate TradFi data, SNOW (Snowflake) has dropped by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message: On April 10, U.S. and Iranian delegations are expected to hold talks in Islamabad, the capital of Pakistan, on April 11. As of now, Islamabad has increased its security measures, and the media center has begun operations. According to CCTV, as of now, there is no clear information on the specific timing and format of the talks. There are reports that in the first phase, the U.S. and Iran may not hold face-to-face talks; instead, each side may meet with Pakistan first, and then decide whether to proceed with direct talks between the U.S. and Iran.

Gate News update: On April 10, according to market sources, on April 11, U.S. Democratic Senator Elizabeth Warren sent a letter to the U.S. Commodity Futures Trading Commission (CFTC), requesting an investigation into oil trades related to remarks made by U.S. President Donald Trump about Iran.

Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.

Benchmark reaffirmed its bullish stance on Securitize (SECZ) in its latest research report, setting a $16 price target, and believes the company will benefit significantly from the tokenized asset wave. If it were to capture 0.01% of the NYSE’s market cap, its asset base could double. Securitize has full regulatory credentials and has become the digital transfer agent for the NYSE’s tokenized securities platform. It has also partnered with BlackRock, with the size of its tokenized U.S. Treasury fund nearing $3 billion, but it faces regulatory and technology risks.

Gate News: According to the latest Gate TradFi data, CRDO (Credo Technology Group Holding Ltd) has surged by 12% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Compass Point analyst downgraded Circle’s rating from “Neutral” to “Sell,” and cut the target price to $77. The reason is that USDC growth is mainly coming from low-profit platforms, which is affecting the company’s earnings. The analyst expects first-quarter performance to miss expectations, with EBITDA falling 19% quarter-over-quarter. Despite this, if the crypto market rebounds, Circle’s outlook could still improve.

Iran’s Deputy Foreign Minister, Habibzadeh, said that although the Strait of Hormuz remains open, due to technical restrictions imposed in the war zone environment, all vessels must coordinate with Iran’s military to ensure safety. U.S. ships may transit, but must not engage in hostile activities and must comply with relevant regulations.

Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.

Trump warned that if peace talks with Iran fail, U.S. warships are ready to deploy advanced weapons for a military strike. He expressed doubts about his commitments to Iran and said he would soon know the outcome of the negotiations.

Morgan Stanley’s Bitcoin ETF “MSBT” officially launched, becoming the first such product issued by a major bank, with management fees as low as 0.14%. It pulled in $34 million on day one, showing market demand for low fees and adviser distribution channels. This move signals that traditional financial institutions are moving fully into the crypto asset market, with competition shifting toward fees, liquidity, and customer reach.

Gate News: According to the latest Gate TradFi data, NIO (NIO) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

CME Group will begin offering 24/7 trading for cryptocurrency futures starting May 29, and will also add AVAX and SUI futures, showing that traditional finance is quickly moving toward the crypto market. This move not only meets market demand for round-the-clock trading, but also serves as a test of whether traditional financial assets can operate 24/7 in the future. The new futures contracts will provide more flexible options and capital efficiency, further expanding CME Group’s crypto product lineup.

Gate News message, according to the April 10 update, Bitcoin ETFs recorded a 1-day net flow of +4,614 BTC (+$334.63M) and a 7-day net flow of +7,358 BTC (+$533.62M). Ethereum ETFs showed a 1-day net flow of +23,039 ETH (+$51.38M) and a 7-day net flow of +15,349 ETH (+$34.23M). Solana ETFs experience