Easing Signals from the U.S. and Iran Lift Global Risk Assets
Summary
Macro Economy
Both the U.S. and Iran have released signals of de-escalation. Iranian President Pezeshkian stated that Iran is willing to move toward ending the war, provided sufficient guarantees are offered. Meanwhile, Trump said, “The U.S. will end the war with Iran within two to three weeks,” implying that core military objectives have largely been achieved and that the Strait of Hormuz issue will be left to other relevant countries to address.
As a result, U.S. equities surged, marking their largest single-day gain since May last year. WTI crude oil declined, while gold extended its upward trend. However, despite the softer rhetoric, actual conflict on the ground has not fully ceased.
Crypto Market
With both sides signaling willingness to end the Middle East conflict, the crypto market rebounded sharply and continued grinding higher at elevated levels. Bitcoin quickly reclaimed the $68,000 level, returning to consolidation near previous highs. In the short term, the market is showing a high-level consolidation structure.
Project Developments
Trending Tokens: BASED, KAT, GMX, SKY, ZCHF
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BASED: Listed across multiple platforms simultaneously, with FDV surpassing $75 million on the first day.
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KAT: An upcoming X Space will provide updates including a new version release. TVL surged over 47% yesterday, with token price up more than 30%.
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GMX: Launched perpetual trading on MegaETH. Price impact was limited, rising only 0.7%.
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SKY: Upbit announced the listing of Sky Protocol (SKY); the token briefly surged 9% before retracing.
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ZCHF: Vitalik purchased 157,869 ZCHF with 197,944 USDC; price rose only 0.1%.
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SOL: Solana’s weekly tokenized stock spot trading volume ($139 million) continues to exceed the combined total of all L1 and L2 chains ($1.55 million).
Major Asset Performance
Data as of April 1, 2026, 00:00 (UTC+0)
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BTC: $68,282.40 (+2.22%)
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ETH: $2,105.28 (+3.9%)
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S&P 500: 6,528.44 (+2.91%)
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NASDAQ: 21,590.63 (+3.83%)
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WTI: 101.63 (−3.20%)
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Crypto Fear & Greed Index: 8 (previously 11) — Extreme Fear
Today’s Outlook
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U.S. March ADP Employment Change
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SUI token unlock: 1.10% of circulating supply (~$37.2 million)
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EIGEN token unlock: 7.54% (~$6.3 million)
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ZETA token unlock: 3.37% (~$2.2 million)
Macro Developments
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U.S. Secretary of State: Ongoing work regarding Cuba
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UAE reportedly seeks to forcibly reopen the Strait of Hormuz and is willing to join the conflict
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Trump to deliver a national address on Iran this Thursday
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Iranian President: “We are ready to end the war, but hope to receive guarantees.”
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Eurozone inflation surged this month, exceeding the ECB’s 2% target
Crypto Policy
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Dubai introduced a new regulatory framework for derivatives on crypto trading platforms
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Russia approved crypto regulation legislation: non-qualified investors are limited to 300,000 rubles in annual purchases per platform
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Hong Kong’s first batch of compliant stablecoin licenses delayed; HKMA stated it is making full efforts to advance the process
Industry Highlights
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Google claims a new quantum computing breakthrough, achieving speeds 13,000× faster than “classical” supercomputers
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Korea’s KB Card partnered with Avalanche to launch a “hybrid stablecoin” credit card
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dYdX initiated an on-chain vote to allocate 10 million USDC from its insurance fund to support three DAOs
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Bhutan government reportedly sold 325 BTC (~$25.19 million)
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Ripple Prime integrated Hyperliquid HIP-3 to provide institutional clients with on-chain perpetual contracts for traditional assets
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Animoca Brands launched AliBAE, an AI content creation platform powered by Alibaba Cloud’s Tongyi Qianwen model
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Bitdeer signed an agreement to build Norway’s largest AI data center to support Nvidia’s next-generation Vera Rubin AI technology
Weekly Outlook
April 1:
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U.S. March ADP Employment Change
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SUI unlock (1.10%, ~$37.2M)
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EIGEN unlock (7.54%, ~$6.3M)
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ZETA unlock (3.37%, ~$2.2M)
April 2:
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ENA unlock (0.52%, ~$3.7M)
April 3:
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U.S. stock market closed
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U.S. March unemployment rate
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U.S. March nonfarm payrolls (seasonally adjusted)