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On April 7, independent analyst Markus Thielen released a chart analysis indicating a significant decline in cryptocurrency spot trading volume, with the average daily trading amount dropping from $41 billion in December 2024 to $26.6 billion in October 2025, and further plummeting to just $8 billion in the past 30 days. Spot trading volume is a key indicator of altcoin performance, reflecting market participation and risk appetite. The current contraction in trading activity helps explain the ongoing weakness in altcoins: sluggish trading activity translates into lackluster price trends and deteriorating market sentiment. For any sustained altcoin rally to genuinely commence, a substantial rebound in trading volume is necessary. In the absence of clear catalysts, the likelihood of a comprehensive upswing remains low. Currently, trading volume is concentrating on a few assets, while overall market participation remains relatively low.

[Analysis: Significant Decline in Cryptocurrency Spot Trading Volume, Low Likelihood of Comprehensive Upsurge]On April 7, independent analyst Markus Thielen released a chart analysis indicating a significant decline in cryptocurrency spot trading volume, with the average daily trading amount dropping from $41 billion in December 2024 to $26.6 billion in October 2025, and further plummeting to just $8 billion in the past 30 days. Spot trading volume is a key indicator of altcoin performance, reflecting market participation and risk appetite. The current contraction in trading activity helps explain the ongoing weakness in altcoins: sluggish trading activity translates into lackluster price trends and deteriorating market sentiment. For any sustained altcoin rally to genuinely commence, a substantial rebound in trading volume is necessary. In the absence of clear catalysts, the likelihood of a comprehensive upswing remains low. Currently, trading volume is concentrating on a few assets, while overall market participation remains relatively low.

Analysis: Significant Decline in Cryptocurrency Spot Trading Volume, Low Likelihood of Comprehensive Upsurge

On April 7, according to data from loris.tools, the self-custody mobile application Dreamcash, designed for Hyperliquid trading, achieved a daily trading volume of $126.29 million, ranking just below Trade.xyz. The current open positions amount to $67.82 million, with trading concentrated on on-chain S&P 500 index stocks, Robinhood, Intel, Tesla, and other U.S. stock-related assets. Currently, the first phase (Season 1) of the Dreamcash application reward program is underway, allowing users to earn XP (experience points) and USDT rewards while trading. XP accumulates based on trading activity and will serve as the basis for potential future reward distribution. Users trading through the Hyperliquid frontend are not eligible to earn XP.

[Dreamcash Daily Trading Volume Continues to Surge, Application Reward Program Launched]On April 7, according to data from loris.tools, the self-custody mobile application Dreamcash, designed for Hyperliquid trading, achieved a daily trading volume of $126.29 million, ranking just below Trade.xyz. The current open positions amount to $67.82 million, with trading concentrated on on-chain S&P 500 index stocks, Robinhood, Intel, Tesla, and other U.S. stock-related assets. Currently, the first phase (Season 1) of the Dreamcash application reward program is underway, allowing users to earn XP (experience points) and USDT rewards while trading. XP accumulates based on trading activity and will serve as the basis for potential future reward distribution. Users trading through the Hyperliquid frontend are not eligible to earn XP.

Dreamcash Daily Trading Volume Continues to Surge, Application Reward Program Launched

On April 7, the Nikkei 225 index rose by 0.03%, closing at 53,429.56 points. The South Korean Composite Index increased by 0.82%, closing at 5,494.77 points. (Zhitong Finance)

[Japanese and South Korean Stock Markets Rise Collectively]On April 7, the Nikkei 225 index rose by 0.03%, closing at 53,429.56 points. The South Korean Composite Index increased by 0.82%, closing at 5,494.77 points. (Zhitong Finance)

Japanese and South Korean Stock Markets Rise Collectively

On April 7, the UK Times reported, citing a diplomatic memo, that Iran's current Supreme Leader Mojtaba Khamenei is reportedly incapacitated and is receiving medical treatment in the holy city of Qom. The report states that Mojtaba is in serious condition, in a coma, and is unable to participate in any decision-making due to his 'serious' health issues. This memo, obtained by the Times, reveals for the first time the location of the Supreme Leader. The central city of Qom, located 87 miles south of Tehran, is considered a holy site in Shia Islam. Although US and Israeli intelligence agencies previously claimed to have tracked his movements, the current situation adds significant uncertainty to the ongoing turmoil in the Persian Gulf, especially as the deadline set by Trump approaches and Iran's leadership may be in a power vacuum.

[Iran's Supreme Leader Mojtaba in Coma, Unable to Make Decisions]On April 7, the UK Times reported, citing a diplomatic memo, that Iran's current Supreme Leader Mojtaba Khamenei is reportedly incapacitated and is receiving medical treatment in the holy city of Qom. The report states that Mojtaba is in serious condition, in a coma, and is unable to participate in any decision-making due to his 'serious' health issues. This memo, obtained by the Times, reveals for the first time the location of the Supreme Leader. The central city of Qom, located 87 miles south of Tehran, is considered a holy site in Shia Islam. Although US and Israeli intelligence agencies previously claimed to have tracked his movements, the current situation adds significant uncertainty to the ongoing turmoil in the Persian Gulf, especially as the deadline set by Trump approaches and Iran's leadership may be in a power vacuum.

Iran's Supreme Leader Mojtaba in Coma, Unable to Make Decisions

On April 7, Mark Dowding, Chief Investment Officer of BlueBay, stated in a report that Japanese Prime Minister Fumio Kishida is very focused on achieving economic growth. From this perspective, some believe she may wish to delay the Bank of Japan's rate normalization. However, he noted that a more dovish Bank of Japan could raise concerns about prolonged inflation overshoot, which would put pressure on the yield curve of Japanese government bonds. Mark Dowding stated, 'We remain optimistic that the yield curve of 10 to 30-year Japanese government bonds can further flatten in the medium term.' (Jinshi)

[Analysis: Economic Growth Under Pressure, Japanese Prime Minister May Wish to Delay BOJ Rate Normalization]On April 7, Mark Dowding, Chief Investment Officer of BlueBay, stated in a report that Japanese Prime Minister Fumio Kishida is very focused on achieving economic growth. From this perspective, some believe she may wish to delay the Bank of Japan's rate normalization. However, he noted that a more dovish Bank of Japan could raise concerns about prolonged inflation overshoot, which would put pressure on the yield curve of Japanese government bonds. Mark Dowding stated, 'We remain optimistic that the yield curve of 10 to 30-year Japanese government bonds can further flatten in the medium term.' (Jinshi)

Analysis: Economic Growth Under Pressure, Japanese Prime Minister May Wish to Delay BOJ Rate Normalization

According to 1M AI News monitoring, the Financial Times reported that Amazon founder Jeff Bezos's AI company Project Prometheus has hired Kyle Kosic, co-founder of xAI. Kosic co-founded xAI with Elon Musk and led the infrastructure development of the supercomputer Colossus. He returned to his former employer OpenAI in 2024 and is now joining Prometheus to continue overseeing AI infrastructure. Prometheus has recruited hundreds of engineers and AI researchers at its headquarters in San Francisco, as well as offices in London and Zurich, and according to insiders, has 'assembled the largest data corpus in the engineering field.' The company plans to acquire equity in businesses within the engineering, aerospace, and construction sectors to obtain data and deploy engineers to enhance operations. Bezos and co-CEO Vikram Bajaj, co-founder of Verily (formerly Google's life sciences division), are raising billions of dollars for a 'permanent capital vehicle,' which insiders have likened to a 'Berkshire Hathaway-style holding company.' The company is currently in talks with sovereign wealth funds from Singapore and Gulf countries for investment. Kosic is one of the earliest departures among the 11 co-founders of Musk's xAI, all of whom have since left; the last two, Manuel Kroiss and Ross Nordeen, departed at the end of March, with some expressing dissatisfaction with Musk's management style.

[Bezos's AI Company Hires xAI Co-Founder from OpenAI]According to 1M AI News monitoring, the Financial Times reported that Amazon founder Jeff Bezos's AI company Project Prometheus has hired Kyle Kosic, co-founder of xAI. Kosic co-founded xAI with Elon Musk and led the infrastructure development of the supercomputer Colossus. He returned to his former employer OpenAI in 2024 and is now joining Prometheus to continue overseeing AI infrastructure. Prometheus has recruited hundreds of engineers and AI researchers at its headquarters in San Francisco, as well as offices in London and Zurich, and according to insiders, has 'assembled the largest data corpus in the engineering field.' The company plans to acquire equity in businesses within the engineering, aerospace, and construction sectors to obtain data and deploy engineers to enhance operations. Bezos and co-CEO Vikram Bajaj, co-founder of Verily (formerly Google's life sciences division), are raising billions of dollars for a 'permanent capital vehicle,' which insiders have likened to a 'Berkshire Hathaway-style holding company.' The company is currently in talks with sovereign wealth funds from Singapore and Gulf countries for investment. Kosic is one of the earliest departures among the 11 co-founders of Musk's xAI, all of whom have since left; the last two, Manuel Kroiss and Ross Nordeen, departed at the end of March, with some expressing dissatisfaction with Musk's management style.

Bezos's AI Company Hires xAI Co-Founder from OpenAI

On April 7, the British newspaper The Times reported, citing a diplomatic memo, that Iran's current Supreme Leader Mojtaba Khamenei is reportedly incapacitated and is receiving medical treatment in the holy city of Qom. The report states that Mojtaba is in a serious condition, currently in a coma, and is unable to participate in any decision-making due to his 'severe' health issues. This memo, obtained by The Times, reveals for the first time the location of the Supreme Leader. The central city of Qom, located 87 miles south of Tehran, is considered a holy site in Shia Islam. Although U.S. and Israeli intelligence agencies previously claimed to have tracked his movements, the current situation poses significant uncertainty for the ongoing turmoil in the Persian Gulf, especially with the deadline set by Trump approaching and the Iranian leadership potentially facing a power vacuum.

[Iran's Supreme Leader Mojtaba in Coma, Unable to Make Decisions]On April 7, the British newspaper The Times reported, citing a diplomatic memo, that Iran's current Supreme Leader Mojtaba Khamenei is reportedly incapacitated and is receiving medical treatment in the holy city of Qom. The report states that Mojtaba is in a serious condition, currently in a coma, and is unable to participate in any decision-making due to his 'severe' health issues. This memo, obtained by The Times, reveals for the first time the location of the Supreme Leader. The central city of Qom, located 87 miles south of Tehran, is considered a holy site in Shia Islam. Although U.S. and Israeli intelligence agencies previously claimed to have tracked his movements, the current situation poses significant uncertainty for the ongoing turmoil in the Persian Gulf, especially with the deadline set by Trump approaching and the Iranian leadership potentially facing a power vacuum.

On April 7, according to Alternative data, the cryptocurrency Fear and Greed Index today stands at 11 (down from 13 yesterday), indicating a slight increase in market 'fear' sentiment. Note: The fear index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media activity (15%) + market surveys (15%) + Bitcoin's dominance in the overall market (10%) + Google Trends analysis (10%).

[Crypto Fear Index Drops to 11, Market 'Fear' Slightly Increases]On April 7, according to Alternative data, the cryptocurrency Fear and Greed Index today stands at 11 (down from 13 yesterday), indicating a slight increase in market 'fear' sentiment. Note: The fear index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media activity (15%) + market surveys (15%) + Bitcoin's dominance in the overall market (10%) + Google Trends analysis (10%).

Crypto Fear Index Drops to 11, Market 'Fear' Slightly Increases

On April 7, Grayscale's research director Zach Pandl stated that addressing the quantum threats facing Bitcoin may pose more challenges on a social level rather than a technical one, especially if the community cannot reach a consensus on some contentious issues. On March 30, Google released a paper that shocked the cryptocurrency industry, indicating that the resources required for quantum computers to break the cryptographic algorithms used by Bitcoin may be far less than previously expected. However, Grayscale's Pandl believes that the issue with Bitcoin does not lie in technical solutions, as 'the risks of Bitcoin are lower than those of other cryptocurrencies.' Bitcoin uses a UTXO model and a proof-of-work consensus mechanism, does not natively support smart contracts, and some address types are not threatened by quantum computing. Pandl noted that the real challenge lies in the community needing to make decisions on subsequent solutions. The Bitcoin community is currently engaged in heated debates over how to handle long-dormant old coins, particularly the approximately 1.7 million Bitcoins locked in early P2PK addresses, including about 1 million Bitcoins held by Satoshi Nakamoto, which are valued at around $68 billion at current prices.

[Grayscale: Bitcoin Faces Quantum Challenges More on Social Than Technical Level]On April 7, Grayscale's research director Zach Pandl stated that addressing the quantum threats facing Bitcoin may pose more challenges on a social level rather than a technical one, especially if the community cannot reach a consensus on some contentious issues. On March 30, Google released a paper that shocked the cryptocurrency industry, indicating that the resources required for quantum computers to break the cryptographic algorithms used by Bitcoin may be far less than previously expected. However, Grayscale's Pandl believes that the issue with Bitcoin does not lie in technical solutions, as 'the risks of Bitcoin are lower than those of other cryptocurrencies.' Bitcoin uses a UTXO model and a proof-of-work consensus mechanism, does not natively support smart contracts, and some address types are not threatened by quantum computing. Pandl noted that the real challenge lies in the community needing to make decisions on subsequent solutions. The Bitcoin community is currently engaged in heated debates over how to handle long-dormant old coins, particularly the approximately 1.7 million Bitcoins locked in early P2PK addresses, including about 1 million Bitcoins held by Satoshi Nakamoto, which are valued at around $68 billion at current prices.

Grayscale: Bitcoin Faces Quantum Challenges More on Social Than Technical Level

Ethereum co-founder Vitalik Buterin believes that solo validators that choose not to include certain transactions should “be tolerated” to stop the Ethereum community from becoming the “morality police.”
Vitalik Buterin made the comment in reply to a Twitter poll from latetot.eth, discussing a hypothetical scenario whereby a validator censors a transaction that doesn’t align with their beliefs.
The thread, published on Oct. 17, asked what should happen if a solo validator, in a country at war with another, decides not to process a block because it includes donations to the opposing military force. 
According to Ethereum’s co-founder, the answer for a censorship case should be aligned with the level of transgression.
In Ethereum proof-of-stake (PoS), validators decide what transactions to include in their blocks if any. PoS is a modern consensus method that powers decentralized finance (DeFi) projects and cryptocurrencies.

Detail

【Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin】Ethereum co-founder Vitalik Buterin believes that solo validators that choose not to include certain transactions should “be tolerated” to stop the Ethereum community from becoming the “morality police.”
Vitalik Buterin made the comment in reply to a Twitter poll from latetot.eth, discussing a hypothetical scenario whereby a validator censors a transaction that doesn’t align with their beliefs.
The thread, published on Oct. 17, asked what should happen if a solo validator, in a country at war with another, decides not to process a block because it includes donations to the opposing military force. 
According to Ethereum’s co-founder, the answer for a censorship case should be aligned with the level of transgression.
In Ethereum proof-of-stake (PoS), validators decide what transactions to include in their blocks if any. PoS is a modern consensus method that powers decentralized finance (DeFi) projects and cryptocurrencies.

Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin

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Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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