US–Iran Ceasefire Faces Setbacks, Market Volatility Intensifies
Summary
Macro: Boosted by news of a ceasefire between the U.S. and Iran, risk appetite rebounded rapidly, with the three major U.S. stock indices all surging by over 2%. Spot gold briefly rose more than 3% intraday before giving back much of its gains, while WTI crude oil futures plunged sharply, dropping over 16%. However, on the first day of the ceasefire, the situation shifted again—Israeli airstrikes hit Lebanon, and the Strait of Hormuz was once more closed, reigniting geopolitical risks.
Crypto Market: Following the announcement of a short-term ceasefire, sentiment temporarily improved. BTC rebounded above $72,000 and consolidated above $71,000. Later, reports suggested the temporary truce may unravel due to developments involving Israel, reviving risk-off sentiment. BTC fell below the $71,000 level, facing short-term downside pressure.
Project Updates
Trending Tokens: ARIA, ENJ, TAO
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ARIA: Driven by AI-related momentum, the token surged over 38% in a single day.
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TAO: Grayscale significantly increased its TAO holdings, alongside rapid growth in subnet staking. 24-hour trading volume spiked over 140%.
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ENJ: Announced new metaverse missions, boosting trading activity; the token gained over 32% on the day.
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DASH: Led by ZEC’s strength in the privacy sector, sentiment improved across privacy coins, with DASH rising nearly 7%.
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BURNIE: A Solana ecosystem meme token that briefly surged over 22% intraday before retracing. The token originated from a controversial social media post by Solana co-founder Toly, sparking community-driven speculation.
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milkers: Another Solana-based meme project that jumped over 22% intraday before giving back gains. The token emerged from a viral post by the milkers X account, fueled by community-driven hype.
Major Asset Performance
Data as of April 8, 2026, 00:00 (UTC+0)
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BTC: $71,075.40 | 24h: -1.18%
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ETH: $2,189.87 | 24h: -2.25%
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S&P 500: 6,782.81 | 24h: +2.51%
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NASDAQ: 22,635.00 | 24h: +2.8%
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WTI Crude: $97.12 | 24h: +0.7%
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Crypto Fear & Greed Index: 14 (vs. 17 24h ago) — Extreme Fear
Today’s Outlook
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US 10-Year Treasury Auction (High Yield, as of April 8)
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Federal Reserve Monetary Policy Meeting Minutes
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US Q4 Final Annualized GDP (QoQ)
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AVAT token unlock: 9.14% of circulating supply (~$3.65 million)
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MOVE token unlock: 5.04% of circulating supply (~$3.17 million)
Macro Developments
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Iran’s Revolutionary Guard released safe navigation route maps for the Strait of Hormuz to prevent contact with sea mines.
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The US–Iran temporary ceasefire may unravel due to developments involving Israel.
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Iran stated that transit through the Strait of Hormuz has been disrupted, accusing Israel of violating the Lebanon ceasefire agreement.
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Iran’s Parliament Speaker will lead a delegation for talks with the US, while US Vice President Vance will head the American delegation.
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Trump stated that most key points of the planned agreement with Iran have been finalized.
Crypto Policy
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South Korea’s ruling party proposed applying foreign exchange regulations to stablecoins and mandating trust structures for RWA assets.
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The US Federal Deposit Insurance Corporation (FDIC) plans to introduce stablecoin regulatory rules clarifying reserve and redemption requirements.
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The US Treasury Department is reportedly set to require strict compliance from stablecoin issuers, including mandatory transaction-freezing capabilities.
Industry Highlights
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Visa launched its Intelligent Commerce Connection service, enabling AI agents to complete purchases on behalf of consumers.
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Morpho released Morpho Agents (Beta), allowing natural language-based protocol integrations.
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Morgan Stanley’s spot Bitcoin ETF is set to be listed on the NYSE, marking the first major US commercial bank to launch a Bitcoin ETF.
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Privacy-focused public chain ANUBIS Chain launched its mainnet.
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Base ecosystem lending protocol Seamless announced its shutdown; users must withdraw funds before June 30.
Weekly Outlook
April 9:
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US 10-Year Treasury Auction (High Yield)
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Fed Monetary Policy Meeting Minutes
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US Q4 Final Annualized GDP (QoQ)
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AVAT unlock: 9.14% (~$3.65M)
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MOVE unlock: 5.04% (~$3.17M)
April 10:
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US March CPI (YoY, unadjusted)
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US March CPI (MoM, seasonally adjusted)
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US March Core CPI (MoM, seasonally adjusted)
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US March Core CPI (YoY, unadjusted)
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US April 1-Year Inflation Expectations (Preliminary)
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BABY unlock: 12.33% (~$5.46M)
April 12:
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APT unlock: 1.38% (~$9.43M)