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Overnight Market Highlights! Catch Up in 1 Minute | 4/15

➡️Crypto Market $BTC Finally, it broke through the 74,000 mark, reaching a high of around 75,000, and is currently trading at approximately $74,700, a new one-month high. Despite the chaotic geopolitical situation, it managed to carve out its own path. $ETH Even more volatile than BTC, it surged over 8% in 24 hours to around $2,370, and the stablecoin supply broke through a record high of 180 billion, indicating a recovery in on-chain funds. $SOL Following the rebound, it rose by about 6% to around $84, but overall it still followed the trend and did not develop its own story. Overall, BTC fund inflows have turned positive for the first time since January, and $80,000 is the next key test level. ➡️Global Stock Markets 1. All three major U.S. stock indexes rose, with the S&P 500 up 1.02% and nearing its all-time high, the Nasdaq up 1.23%, and the Dow Jones up 0.6%, as the market bet on a U.S.-Iran deal and lower-than-expected PPI data. 2. Goldman Sachs' Q1 profits surged, with both M&A business and stock trading hitting record highs, leaving Wall Street raking in profits. 3. Japanese and South Korean stock markets opened higher, with the South Korean KOSPI index rising 2.5%, and sentiment in the Asia-Pacific market followed suit. Gold prices rose to $4,836 during the session, hitting a near three-week high, supported by both safe-haven demand and expectations of interest rate cuts. Brent crude oil fell to around $95 a barrel, a weekly drop of about 12.7%, with the expectation of a ceasefire directly hammering down oil prices. ➡️Macroeconomic Dynamics 1. The first round of talks between the US and Iran in Islamabad broke down. The US said Iran's stance on uranium enrichment was too hardline. Trump then announced a naval blockade against Iran. The USS Abraham Lincoln aircraft carrier was only 200 kilometers from the Iranian coast. Iran threatened to open fire. The two-week ceasefire has not yet expired, and the situation is escalating again. 2. The minutes of the Fed's March meeting showed more officials mentioning the possibility of interest rate hikes. A source close to the Fed stated that the ceasefire has made the Fed's decision-making more difficult, with both upside risks to inflation and downside risks to employment remaining. It's yet another situation where no one dares to make a move. 3. Morgan Stanley Bitcoin Spot ETF officially listed on the NYSE Arca, with a fee rate of only 0.14%. On the first day, it saw a net inflow of approximately $34 million, buying about 430 BTC – traditional financial giants are getting involved. 4.Tether Tether and Circle CEOs launched self-custodied wallets and released the open-source AI toolkit QVAC SDK. At the same time, they visited South Korea to meet with financial institutions. Stablecoin giants are frantically grabbing territory in Asia. 5.CowSwap The security risks in the DeFi sector have escalated once again due to a front-end attack; a fake Ledger app caused users to lose $9.5 million, highlighting the recurring issue of wallet security. 6.Circle Circle refused to freeze $232 million worth of stolen USDC in the Drift hack, citing an "ethical dilemma." A US law firm has launched a class-action lawsuit against Circle—should centralized stablecoins be frozen? There is no standard answer to this question.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.

07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

According to Mars Finance, 11 departments, including the Guangdong Provincial Government Service and Data Management Bureau, recently issued the "Guangdong Provincial Action Plan for Promoting the Digital Transformation of Cities and Building Smart Cities." The plan emphasizes using cities as comprehensive carriers for the construction of Digital Guangdong, promoting infrastructure connectivity, data integration, platform interoperability, business integration, and a smooth ecosystem. It also aims to actively explore future-oriented smart city management models and achieve high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area smart city cluster. By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced, the level of efficient digital governance will be greatly improved, digital public services will be more efficient and convenient, the momentum of digital economic development will be fully released, and the digital ecosystem will be comprehensively and collaboratively guaranteed. A number of effective and replicable typical application scenarios for digital transformation will be implemented, with Guangzhou, Shenzhen, Foshan, and Dongguan taking the lead in building efficient smart governance systems and implementing a number of advanced, usable, and independently controllable large-scale urban models. By 2030, no fewer than 10 cities will have achieved full-area digital transformation, achieving an overall leap in the digital transformation of cities throughout the province, forming a number of new smart city benchmarks and digital China city models with regional competitiveness and national influence. (Cailian Press)

07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.