Global TradFi & Macroeconomics

Circle Internet Group（CRCL）stock price fell 9.9%, and Compass Point cut its rating to “Sell,” with a target price of $77, reflecting regulatory risk and the impact of market sentiment. At the same time, a hacking incident involving Drift Protocol triggered a collective lawsuit investigation, indirectly affecting CRCL’s stock price. Market awareness of DeFi risks has increased, and with stablecoin legislation stalled, Circle faces greater structural pressure.

Gate News: Message. On April 10, the U.S. Department of Labor will release the U.S. March CPI (Consumer Price Index) data at 20:30 Beijing time tonight. This release will include: the 3-month unadjusted CPI year-over-year rate, the seasonally adjusted CPI month-over-month rate, the seasonally adjusted core CPI month-over-month rate, and the unadjusted core CPI month-over-month rate. CPI data is a key indicator used to measure the level of inflation and has historically had an important impact on financial markets; it may trigger market volatility at the time of release.

Market maker Keyrock and tokenization platform Securitize jointly released a report predicting that the on-chain transferable distributed RWA market will grow from $29.0 billion to $400.0 billion, an increase of over 1,000%. It is expected that by 2028, RWA perpetual contracts could account for 50% of the total on-chain derivatives market. Currently, tokenized RWAs account for less than 0.1% of the global tokenizable market.

On April 9, Ethereum spot ETFs saw net inflows of $106 million, a marked increase compared with the previous day. BlackRock’s ETHA and ETHB had net inflows of $90.94 million and $13.67 million, respectively, while Grayscale’s mini version of ETH recorded net inflows of $9.67 million. Meanwhile, 21Shares TETH, Franklin EZET, and Grayscale ETHE saw net outflows.

Bitmine Immersion Technologies completes its uplisting from the U.S. board of the New York Stock Exchange (NYSE) to the NYSE, keeping its stock ticker unchanged, and announces that it will expand its share repurchase plan to $4 billion. The uplisting shows that it meets the rigorous standards of the NYSE main board and can attract more institutional investors. The share repurchase plan reflects the company’s commitment to its shareholders and is intended to boost its stock price.

Gate News message, on April 10, the head of digital assets at Morgan Stanley said that the bank’s newly launched Bitcoin ETF (exchange-traded fund) delivered the best first-day trading performance among all the bank’s ETF products. In addition, the executive disclosed that Morgan Stanley is preparing additional crypto-related products.

CME Group launched 24/7 round-the-clock cryptocurrency futures and options trading starting May 29, signaling the transformation of traditional financial institutions toward the crypto market. Going forward, futures contracts for Avalanche and Sui will be added to further expand the product range, meet market demand, and provide more diversified options.

An FBI report shows that in 2025, the United States lost $11.4 billion due to cryptocurrency scams, up 22% from the previous year. Many of the scams are controlled by criminal groups in Southeast Asia. Victims lose an average of more than $60k each, and many even lose their life savings.

Middle East conflict turned for the better after the U.S. and Iran agreed to a two-week ceasefire, with market risk sentiment recovering. U.S. stock index futures jumped sharply. Bitcoin broke through the $72,000 high, while oil prices plunged. Although the current rebound is significant, analysts warn that uncertainty around how the ceasefire agreement will be carried out and the overall economic pressure may still limit how long the rally can last.

On April 10, analyst Yu Jin reported that a giant whale established a $74.47 million crude oil short position on Hyperliquid, with an unrealized gain of about $1.2 million. It consists of 399k barrels of WTI crude oil and 390k barrels of Brent crude oil.

_Canary Capital files for a PEPE ETF with the SEC, aiming to bring memecoins to Wall Street while facing strong regulatory challenges._ Canary Capital has made a bold move in the crypto market. The company has suggested a new PEPE exchange-traded fund. This fund will be tracking the spot price of t

Gate News: According to the latest Gate TradFi data, CHCUSD50 (China A50 50x) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

CryptoQuant research indicates that after the ceasefire agreement, the price rise in Bitcoin and Ethereum was driven by new longs establishing positions, not by short liquidations. The open interest in BTC and ETH perpetual futures increased by $2.1 billion and $2.2 billion, respectively. Renewed institutional buying in the U.S. brought the Coinbase premium back into positive territory. Bitcoin broke above $69,400, targeting $79,000.

April 10, Hong Kong-listed AI application stocks rose strongly, with Xunce rising 11% and Dipu Technology up more than 5.5%. Both the Hang Seng Index and the Hang Seng Tech Index rose by more than 1%, and multiple stocks including Longfor Group and Semiconductor Manufacturing International Corporation performed strongly.

2026-04-10 01:30 to 2026-04-10 01:45 (UTC), the BTC price rose from 71863.2 USDT to 72383.6 USDT. Within 15 minutes, the return was +0.60%, and the range reached 0.72%. During this period, market volatility was significant: spot buying orders on major exchanges were active in the short term, attention quickly heated up, and it showed a rapid price response driven by capital inflows. The main driver behind this anomaly is that whale wallets, in early April, coordinated concentrated short-term transfers to trading platforms totaling 42,000 BTC, for this year’s

The U.S. CIA Deputy Director Michael Ellis said the CIA will incorporate AI into its analytical platforms over the next few years, but humans will still be the decision-makers. He mentioned a dispute with Anthropic and emphasized that competition between the U.S. and China in technology innovation is intensifying. AI and blockchain analytics will be key areas.

Bitcoin surged in the short term to $71,830 before pulling back. U.S. Treasury Secretary Bessent advancing the “CLARITY Act” faces challenges that could affect stablecoin legislation. WLFI borrowed $75 million in stablecoins, raising liquidation risk. U.S. stocks rose on expectations of peace talks, and market sentiment is optimistic, but liquidity in capital flows still needs improvement.

Gate News update, April 10: after the South Korean and Japanese stock markets opened today, they saw gains. Market data shows the Nikkei 225 Index (Japan’s benchmark stock index) rose 1.59%, to 56,783.36 points; the Korean KOSPI Index (South Korea’s benchmark stock index) moved up to 5900 points, up 2.12% during the day.

The U.S. Department of the Treasury expands its Cybersecurity Threat Identification Program, providing free threat intelligence services for blockchain companies to address the cybersecurity challenges facing the digital asset industry. A series of recent attack incidents, especially cases involving North Korean infiltration, have highlighted the risks to the crypto industry, prompting the government to incorporate it into its financial infrastructure protection framework to improve security defenses.