ADP Beats Expectations Amid Renewed Geopolitical Tensions; BTC Rallies Then Pulls Back
Summary
Macro Economy：Investors bet that the U.S.–Iran conflict is nearing its end, while U.S. March ADP employment came in at 62,000, above expectations of 40,000 (previous: 63,000), boosting risk appetite. U.S. equities rose for a second consecutive session. However, gains narrowed in the afternoon after reports that the U.S. Department of Defense accelerated deployment of A-10 attack aircraft, reigniting geopolitical concerns.Gold climbed nearly 2%, marking its fourth straight daily gain and briefly approaching $4,800 intraday. Oil prices fell as much as 7% from session highs before rebounding, fluctuating around the $100 level.
Crypto Market：Temporary easing in U.S.–Iran tensions, Morgan Stanley’s launch of a Bitcoin ETF, and continued funding support from Strategy’s STRC preferred shares initially provided upside momentum for Bitcoin.However, after Trump threatened strikes on Iran’s energy facilities, geopolitical risks resurfaced. BTC repeatedly failed to break above the $69,000 level, with mounting selling pressure and persistent short-term resistance.
Project Updates
Trending Tokens: QRL, EDGE, RAY
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QRL: Following Google’s announcement of a quantum computing breakthrough, panic around cryptographic security drove interest in quantum-resistant projects. QRL surged nearly 30% in a single day.
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EDGE: Recently listed on multiple platforms, gaining nearly 30% in one day.
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SOL: SBI Holdings’ subsidiary B2C2 designated Solana as its primary network for institutional stablecoin settlement, while Galaxy Digital launched SOL staking services. SOL rose nearly 3% before pulling back.
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RAY: Benefited from increased activity in the Solana ecosystem, rising nearly 26% in a single day.
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UNI: The Uniswap Foundation released its 2025 financial summary, reporting $85.8 million in assets. UNI rose nearly 4% before retracing.
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SIREN: Highly concentrated token holdings (~88%). Some large holders accumulated at lower levels after a sharp drop. A suspected manipulation-related address still holds 645 million SIREN and executed a swing trade half an hour ago. The token fell over 80% on the day.
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DRIFT: Drift Protocol was hacked, resulting in losses exceeding $270 million; the token fell by more than 30%.
Major Asset Performance
Data as of April 1, 2026, 00:00 (UTC+0)
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BTC: $68,118.00 (-0.24%)
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ETH: $2,140.28 (+1.66%)
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S&P 500: 6,575.37 (+0.72%)
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NASDAQ: 21,840.95 (+1.16%)
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WTI Crude: $99.31 (-2.20%)
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Crypto Fear & Greed Index: 12 (previously 8) — Extreme Fear
Today’s Outlook
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ENA token unlock: 0.52% of circulating supply (~$3.7 million)
Macro Developments
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Trump: Heavy strikes on Iran expected within the next two to three weeks.
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Trump to deliver national address at 9:00 AM, reaffirming the two- to three-week timeline.
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Trump considering withdrawal from NATO, calling it a “paper tiger.”
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Iranian official: Strait of Hormuz will reopen, but not to the U.S.
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Trump’s withdrawal remarks triggered oil sell-off; energy risk premium faded rapidly.
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Iranian drone strike hit a fuel tank at Kuwait International Airport, causing a major fire.
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Foreign central banks have reduced U.S. Treasury holdings to the lowest level since 2012.
Crypto Policy
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U.S. Treasury officially implements the GENIUS Act on stablecoins; issuers under $10 billion may opt for state-level regulation.
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Hong Kong plans to complete crypto asset reporting framework legislation in 2026, with revised CRS implementation before 2028.
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Australia passes crypto regulations requiring exchanges to obtain financial services licenses.
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U.S. DOJ indicts four crypto market makers for wash trading manipulation; 10 individuals face up to 20 years in prison.
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Arizona House Rules Committee passes SB1042 and SB1649, advancing them to full House vote.
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South Korean lawmakers propose an independent virtual asset regulator; financial authorities raise concerns over overlapping mandates.
Industry Highlights
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New Hampshire agency plans to issue $100 million in Bitcoin-backed bonds, rated speculative grade by Moody’s.
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Strategy’s STRC preferred shares raised funds sufficient to purchase 2,724 BTC yesterday.
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CoinShares to go public via SPAC merger and list on Nasdaq.
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Donut AI launches D0, the first high-stakes proactive agent for financial markets.
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Polymarket ranks 7th among crypto protocols by daily revenue after new fee model implementation.
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CoinShares transferred 10,720 BTC over the past two days — its largest historical outflow.
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UX Chain announces shutdown: full platform liquidation begins April 30, with exit expected by mid-May.
Weekly Outlook
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April 2: ENA unlock (0.52% of circulating supply, ~$3.7M)
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April 3: U.S. stock market closed; U.S. March unemployment rate and nonfarm payrolls release