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On April 1, according to White House Press Secretary Levitt, President Trump will deliver a national address at 9 PM Eastern Time (9 AM Beijing Time on Thursday) to provide important updates on the situation in Iran.

[Trump to Address the Nation on Iran Situation Thursday]On April 1, according to White House Press Secretary Levitt, President Trump will deliver a national address at 9 PM Eastern Time (9 AM Beijing Time on Thursday) to provide important updates on the situation in Iran.

Trump to Address the Nation on Iran Situation Thursday

On April 1, Cathie Wood added OpenAI to the ARKK, ARKF, and ARKW funds. Each fund is expected to hold approximately 3% of the shares, allowing retail investors to directly invest in one of the world's hottest private companies. Ark Invest had previously announced its holdings in OpenAI through its ARK Venture Fund (a private VC fund) in 2024 and has increased its stake multiple times, including a $250 million investment in October 2024.

[Ark Invest Adds OpenAI Shares to Series of Funds]On April 1, Cathie Wood added OpenAI to the ARKK, ARKF, and ARKW funds. Each fund is expected to hold approximately 3% of the shares, allowing retail investors to directly invest in one of the world's hottest private companies. Ark Invest had previously announced its holdings in OpenAI through its ARK Venture Fund (a private VC fund) in 2024 and has increased its stake multiple times, including a $250 million investment in October 2024.

Ark Invest Adds OpenAI Shares to Series of Funds

On April 1, OpenAI completed a $122 billion funding round, achieving a valuation of $852 billion. This marks the company's largest funding round to date, supporting its significant investments in chips, data centers, and talent. Most of the funds in this months-long preparation came from three major tech companies. Reports indicate that Amazon agreed to invest $50 billion in this round, while NVIDIA and SoftBank each invested $30 billion. A substantial portion of Amazon's investment ($35 billion) is contingent on OpenAI's ability to go public or reach a technological milestone in general artificial intelligence. For the first time, OpenAI raised over $3 billion from individual investors through banking channels. The company stated that it currently generates $2 billion in revenue per month, with enterprise sales accounting for 40% of its revenue, which is expected to increase to 50% by the end of the year.

[OpenAI Completes $122 Billion Funding Round at $852 Billion Valuation]On April 1, OpenAI completed a $122 billion funding round, achieving a valuation of $852 billion. This marks the company's largest funding round to date, supporting its significant investments in chips, data centers, and talent. Most of the funds in this months-long preparation came from three major tech companies. Reports indicate that Amazon agreed to invest $50 billion in this round, while NVIDIA and SoftBank each invested $30 billion. A substantial portion of Amazon's investment ($35 billion) is contingent on OpenAI's ability to go public or reach a technological milestone in general artificial intelligence. For the first time, OpenAI raised over $3 billion from individual investors through banking channels. The company stated that it currently generates $2 billion in revenue per month, with enterprise sales accounting for 40% of its revenue, which is expected to increase to 50% by the end of the year.

OpenAI Completes $122 Billion Funding Round at $852 Billion Valuation

On April 1, following a significant rise in the U.S. stock market overnight, both Japan and South Korea saw gains. The South Korean KOSPI index opened on April 1 (Wednesday) with an increase of 267.92 points, a rise of 5.3%, reaching 5320.38 points. The Nikkei 225 index opened on April 1 (Wednesday) with an increase of 883.17 points, a rise of 1.73%, reaching 51946.89 points. (Jin Shi)

[Japanese and South Korean Stock Markets Open Strongly]On April 1, following a significant rise in the U.S. stock market overnight, both Japan and South Korea saw gains. The South Korean KOSPI index opened on April 1 (Wednesday) with an increase of 267.92 points, a rise of 5.3%, reaching 5320.38 points. The Nikkei 225 index opened on April 1 (Wednesday) with an increase of 883.17 points, a rise of 1.73%, reaching 51946.89 points. (Jin Shi)

Japanese and South Korean Stock Markets Open Strongly

On April 1, spot gold rose to $4,700 per ounce in early trading on Wednesday, marking a 0.7% increase for the day and reaching this level for the first time in nearly two weeks. (Jin Shi)

[Spot Gold Rises to $4,700]On April 1, spot gold rose to $4,700 per ounce in early trading on Wednesday, marking a 0.7% increase for the day and reaching this level for the first time in nearly two weeks. (Jin Shi)

Spot Gold Rises to $4,700

On April 1, Iranian President Pezeshkian stated: We are ready to end the war, but we seek assurances. Pezeshkian described the military actions of the United States and Israel as unprecedented crimes and violations of international law, noting that Iran had engaged in good-faith negotiations before being attacked. Countries hosting U.S. military bases failed to prevent these bases from being used for attacks against Iran. He emphasized that stopping aggression is the way forward, and Iran is willing to end the conflict if security guarantees can be provided. He also urged Europe to abandon its current approach and called for professional cooperation consistent with international law.

[Iranian President: We Are Ready to End the War, but Seek Assurances]On April 1, Iranian President Pezeshkian stated: We are ready to end the war, but we seek assurances. Pezeshkian described the military actions of the United States and Israel as unprecedented crimes and violations of international law, noting that Iran had engaged in good-faith negotiations before being attacked. Countries hosting U.S. military bases failed to prevent these bases from being used for attacks against Iran. He emphasized that stopping aggression is the way forward, and Iran is willing to end the conflict if security guarantees can be provided. He also urged Europe to abandon its current approach and called for professional cooperation consistent with international law.

Iranian President: We Are Ready to End the War, but Seek Assurances

On April 1, White House Press Secretary Levitt announced that President Trump will deliver a national address at 9 PM Eastern Time tomorrow (9 AM Beijing Time Thursday), providing important updates on the situation in Iran. (Jinshi)

[Trump to Deliver National Address on Iran Issue Thursday Morning]On April 1, White House Press Secretary Levitt announced that President Trump will deliver a national address at 9 PM Eastern Time tomorrow (9 AM Beijing Time Thursday), providing important updates on the situation in Iran. (Jinshi)

Trump to Deliver National Address on Iran Issue Thursday Morning

On April 1, Federal Reserve Governor Michael Barr stated that the development of stablecoins must be built on strict regulation and warned that without effective constraints, the long history of problems caused by 'private currencies' could be repeated. In his remarks, Barr pointed out that although the 'GENIUS Stablecoin Act' has provided an initial regulatory framework for the industry, the key lies in subsequent enforcement, including ongoing monitoring of reserve assets and mechanisms to prevent illegal uses. He emphasized that stablecoins can only be truly considered 'stable' if they can maintain par value redemption under various market conditions. The liquidity and safety of reserve assets are particularly critical during market pressures or when the risks of the issuer themselves increase. Additionally, Barr noted that stablecoin issuers have the incentive to increase yields for profit, which may lead them to take on higher risks in reserve asset management, thereby posing a potential threat to financial stability. (The Block)

[Fed's Barr Warns of Stablecoin Risks, Calls for Enhanced Regulation and Reserve Scrutiny]On April 1, Federal Reserve Governor Michael Barr stated that the development of stablecoins must be built on strict regulation and warned that without effective constraints, the long history of problems caused by 'private currencies' could be repeated. In his remarks, Barr pointed out that although the 'GENIUS Stablecoin Act' has provided an initial regulatory framework for the industry, the key lies in subsequent enforcement, including ongoing monitoring of reserve assets and mechanisms to prevent illegal uses. He emphasized that stablecoins can only be truly considered 'stable' if they can maintain par value redemption under various market conditions. The liquidity and safety of reserve assets are particularly critical during market pressures or when the risks of the issuer themselves increase. Additionally, Barr noted that stablecoin issuers have the incentive to increase yields for profit, which may lead them to take on higher risks in reserve asset management, thereby posing a potential threat to financial stability. (The Block)

Fed's Barr Warns of Stablecoin Risks, Calls for Enhanced Regulation and Reserve Scrutiny

On April 1, according to Bloomberg, the New Hampshire Department of Business and Economic Affairs plans to issue municipal bonds backed by Bitcoin, with a total scale of approximately $100 million. This product has been rated Ba2 by Moody's Investors Service, which is two notches below investment grade. The principal and interest of the bonds will be repaid using funds generated from the Bitcoin collateral, potentially providing additional returns when Bitcoin prices rise. There are also price-triggered liquidation clauses in place to ensure repayment; the related debt is not supported by the state's credit or taxes.

[New Hampshire Plans to Issue $100 Million Bitcoin-Backed Municipal Bonds, Rated Ba2 by Moody's]On April 1, according to Bloomberg, the New Hampshire Department of Business and Economic Affairs plans to issue municipal bonds backed by Bitcoin, with a total scale of approximately $100 million. This product has been rated Ba2 by Moody's Investors Service, which is two notches below investment grade. The principal and interest of the bonds will be repaid using funds generated from the Bitcoin collateral, potentially providing additional returns when Bitcoin prices rise. There are also price-triggered liquidation clauses in place to ensure repayment; the related debt is not supported by the state's credit or taxes.

New Hampshire Plans to Issue $100 Million Bitcoin-Backed Municipal Bonds, Rated Ba2 by Moody's

According to The Verge, Phil Spencer, Microsoft’s CEO of gaming, is the latest tech exec to take a shot at Meta’s vision of the metaverse. When asked his definition of the metaverse, Spencer described it as “a poorly built video game” at the WSJ Tech Live conference today. “Video game creators have an amazing ability to build compelling worlds that we want to go spend time in,” he said at the conference. “For me, building a metaverse that looks like a meeting room... I just find that’s not where I want to spend most of my time.” Despite Spencer’s comments, though, he does feel that the concept of the metaverse is going to change. “I tease a little bit in [saying it’s] a bad video game. I just think we’re early,” he said. But he feels that, over time, the metaverse is “going to end up looking a lot more like video games than some of the models that I see for the metaverse today.”

Detail

【Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’】According to The Verge, Phil Spencer, Microsoft’s CEO of gaming, is the latest tech exec to take a shot at Meta’s vision of the metaverse. When asked his definition of the metaverse, Spencer described it as “a poorly built video game” at the WSJ Tech Live conference today. “Video game creators have an amazing ability to build compelling worlds that we want to go spend time in,” he said at the conference. “For me, building a metaverse that looks like a meeting room... I just find that’s not where I want to spend most of my time.” Despite Spencer’s comments, though, he does feel that the concept of the metaverse is going to change. “I tease a little bit in [saying it’s] a bad video game. I just think we’re early,” he said. But he feels that, over time, the metaverse is “going to end up looking a lot more like video games than some of the models that I see for the metaverse today.”

Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’

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Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’

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