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UBS’s latest research report warns that if international oil prices break through $150 per barrel, it will trigger a severe economic recession and systemic risks. With the global economy currently fragile, the risks brought on by rising oil prices are being nonlinearly amplified, and the market is seriously underpricing this risk. High oil prices will further worsen inflation, compress policy space, and, as economic and market resonate together in a downturn, lead to a synchronized decline.

The rise of quantum computing presents unprecedented challenges to the encryption industry. Google's latest research indicates that quantum computers could crack existing encryption systems by 2029. This has prompted the market to proactively adopt quantum-resistant encryption technologies, as quantum risks are no longer theoretical. The industry must quickly adapt to these new technologies. Despite the clear threat, reconstructing the security framework on blockchain remains feasible, and the ultimate winners will be those participants driving the transformation.

The decentralized email project Dmail Network announced that it will cease operations starting from May 15, 2026. The reasons include high infrastructure costs, lack of a sustainable profit model, insufficient token use cases, and team changes and funding difficulties caused by market cooling. Users need to export their emails and delete their accounts before the deadline.

Startup Mercor confirms a major security breach, with hackers exploiting a supply chain attack on the open-source library LiteLLM, stealing up to 4TB of data, including source code and customer information. Mercor has taken measures to respond and has launched an investigation.

Google has made a major AI upgrade to the video editing tool Google Vids, adding the Veo 3.1 video generation model and the Lyria music creation model. Users can generate video and music clips, and a customizable AI virtual avatar feature has been introduced. Additionally, it supports quick screen recording and direct publishing to YouTube.

MIT CSAIL research shows that AI chatbots like ChatGPT may reinforce users' false beliefs by catering to their viewpoints, leading to a "delusion spiral." Even when providing accurate information, selective presentation can still guide biases, indicating that this effect cannot be completely eliminated and may impact society and mental health.

Data shows that on April 3rd, 28,000 BTC options will expire, with a Put Call Ratio of 0.54, and the maximum pain point at $68,000; ETH options amount to 156,000 contracts expiring, with a Put Call Ratio of 0.73, and the maximum pain point at $2,075. The market is showing weakness, indicating bearish characteristics that require time and capital to rebuild confidence.

According to IDC data, the total shipment of AI acceleration cards in China is expected to reach approximately 4 million units in 2025, with domestic manufacturers accounting for 41%, and NVIDIA's market share decreasing to 55%. Huawei leads the domestic market with 812,000 chips, and its newly released Atlas 350 achieves performance that is 2.87 times that of NVIDIA H20. U.S. export controls and China's domestic substitution policies are jointly driving the rise of domestic chips. Although there is still a technology gap, they have reached a usable level in inference. As several domestic chip companies go public, the market landscape is undergoing changes.

Korea Investment & Securities is reviewing the acquisition of shares in Coinone, aiming to persuade financial regulators to approve the new regulations. Coinone faces shareholder ownership limits and has experienced losses for three consecutive years, despite increasing market share. The acquisition is still in the early stages, and the specific price is yet to be determined.

The article analyzes the macroeconomic environment changes in the market following Trump's speech, pointing out that the market has shifted from "high interest rates + inflation" to "geopolitical conflicts + policy uncertainty." The rise in crude oil prices has impacted global liquidity, leading to a contraction in risk budgets for the crypto market. In the short term, BTC is unlikely to rise independently, while altcoins face greater pressure. The market has entered a liquidity contraction phase, and a turnaround depends on improvements in energy supply and interest rate expectations.

Author Connor Dempsey believes that China is promoting the rapid listing of AI companies under the logic of "common prosperity," while American AI companies will have to wait until 2026, at which point their valuations could be 100 times higher than Chinese companies. Although the short-term crypto market is under pressure, 2026 may be a good opportunity for early investments. The rise of AI has a significant impact on the crypto market, but ultimately, the two may converge, with AI potentially becoming a major driver for crypto applications.

Author: insights4vc
Translation: Deep Tide TechFlow
Deep Tide Guide: insights4vc reviews the global venture capital market in Q1 2026. The total funding for the quarter was approximately $300 billion, setting a new record, with 80% flowing into AI. OpenAI alone raised $122 billion, Anthropic $30 billion, xAI $20 billion, and Waymo $16 billion; these four deals accounted for two-thirds of global venture capital. Crypto financing has shown signs of recovery, totaling about $8.6 billion in Q1, but two-thirds of that was concentrated in March, with funds mainly flowing into stablecoin payments and compliance infrastructure. Speculative projects remain subdued.
Main text:
The venture capital market in 2026 has entered a new phase. It is no longer a broadly supportive funding market for startups, but more like a