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On April 8, the U.S. Treasury Department issued $58 billion in 3-year Treasury bonds with a winning yield of 3.897%, down from the pre-auction trading level of 3.909% at the bid deadline of 1 PM New York time, indicating demand exceeded expectations. However, the winning yield remains the highest for this maturity since June of last year. Following the auction results, short-term bonds remained stable, roughly maintaining a slight decline for the day, with the 3-year Treasury yield rising by about 1 basis point. The yield curve also remained stable, continuing to show a steepening trend. Primary dealers were allocated 13.3%, lower than the previous auction; indirect bidders' allocation surged to 74.8%, the highest level since September 2024. Direct bidders' allocation dropped to 11.9%, the lowest in a year. The bid-to-cover ratio was 2.68 times, compared to an average of 2.66 times in the previous six auctions.

[U.S. 3-Year Treasury Yield Hits Highest Level Since June Last Year]On April 8, the U.S. Treasury Department issued $58 billion in 3-year Treasury bonds with a winning yield of 3.897%, down from the pre-auction trading level of 3.909% at the bid deadline of 1 PM New York time, indicating demand exceeded expectations. However, the winning yield remains the highest for this maturity since June of last year. Following the auction results, short-term bonds remained stable, roughly maintaining a slight decline for the day, with the 3-year Treasury yield rising by about 1 basis point. The yield curve also remained stable, continuing to show a steepening trend. Primary dealers were allocated 13.3%, lower than the previous auction; indirect bidders' allocation surged to 74.8%, the highest level since September 2024. Direct bidders' allocation dropped to 11.9%, the lowest in a year. The bid-to-cover ratio was 2.68 times, compared to an average of 2.66 times in the previous six auctions.

U.S. 3-Year Treasury Yield Hits Highest Level Since June Last Year

HTX data showed that ETH broke through 2100  USDT and is now at 2106.15 USDT, with a decrease of 1.40% in 24H.

[ETH broke through 2100  USDT] HTX data showed that ETH broke through 2100  USDT and is now at 2106.15 USDT, with a decrease of 1.40% in 24H.

ETH broke through 2100  USDT

HTX data showed that SOL broke through 80  USDT and is now at 80.5 USDT, with a decrease of 1.45% in 24H.

[SOL broke through 80  USDT] HTX data showed that SOL broke through 80  USDT and is now at 80.5 USDT, with a decrease of 1.45% in 24H.

SOL broke through 80  USDT

On April 8, local time April 7, the White House stated that regarding the progress of US-Iran negotiations, "only the president knows the actual situation." A White House spokesperson mentioned that Iran must reach an agreement before 8 PM Eastern Time, or else Trump will decide on the next steps.

[White House Says Only the President Knows the Actual Situation of US-Iran Negotiations]On April 8, local time April 7, the White House stated that regarding the progress of US-Iran negotiations, "only the president knows the actual situation." A White House spokesperson mentioned that Iran must reach an agreement before 8 PM Eastern Time, or else Trump will decide on the next steps.

White House Says Only the President Knows the Actual Situation of US-Iran Negotiations

On April 8, according to AXIOS, a U.S. official, an Israeli official, and two sources familiar with the negotiations stated that progress has been made in talks between the U.S. and Iran over the past 24 hours. However, the likelihood of reaching a ceasefire agreement before the deadline set by Trump at 8 PM Eastern Time appears low. One U.S. official indicated that the White House's focus has shifted from 'Can an agreement be reached?' to 'Can an agreement be reached by 8 PM (local time) tonight?' The key challenge currently is how to meet Iran's demands for strong guarantees from the U.S. and Israel to ensure that both sides do not resume hostilities after a ceasefire, as well as the slow response from Iran's leadership due to the tense security situation. On Monday, Iran submitted a proposal to the U.S. through a mediator. Although this proposal does not align with the U.S. position, according to one U.S. official and another informed source, the White House actually sees it as somewhat positive. A U.S. official stated, 'The last proposal we received does not fully meet our expectations, but it is much better than what we initially envisioned.' Sources indicate that negotiations are expected to continue in the coming hours until Trump's deadline expires.

[US Media: Slight Progress in Iran Negotiations as Trump Deadline Approaches]On April 8, according to AXIOS, a U.S. official, an Israeli official, and two sources familiar with the negotiations stated that progress has been made in talks between the U.S. and Iran over the past 24 hours. However, the likelihood of reaching a ceasefire agreement before the deadline set by Trump at 8 PM Eastern Time appears low. One U.S. official indicated that the White House's focus has shifted from 'Can an agreement be reached?' to 'Can an agreement be reached by 8 PM (local time) tonight?' The key challenge currently is how to meet Iran's demands for strong guarantees from the U.S. and Israel to ensure that both sides do not resume hostilities after a ceasefire, as well as the slow response from Iran's leadership due to the tense security situation. On Monday, Iran submitted a proposal to the U.S. through a mediator. Although this proposal does not align with the U.S. position, according to one U.S. official and another informed source, the White House actually sees it as somewhat positive. A U.S. official stated, 'The last proposal we received does not fully meet our expectations, but it is much better than what we initially envisioned.' Sources indicate that negotiations are expected to continue in the coming hours until Trump's deadline expires.

US Media: Slight Progress in Iran Negotiations as Trump Deadline Approaches

On April 8, according to monitoring by Lookonchain, the miner '3PFNdg' sold 265.19 BTC, valued at $18.06 million. It is reported that the last sale of Bitcoin from this miner's wallet occurred 2 years ago.

[Miner Sells 265.19 BTC Worth $18.06 Million After 2 Years of Silence]On April 8, according to monitoring by Lookonchain, the miner '3PFNdg' sold 265.19 BTC, valued at $18.06 million. It is reported that the last sale of Bitcoin from this miner's wallet occurred 2 years ago.

Miner Sells 265.19 BTC Worth $18.06 Million After 2 Years of Silence

On April 8, the New York Federal Reserve reported that the one-year inflation expectation for March was 3.42%, compared to a forecast of 3.5% and a previous value of 3.00%. The three-year inflation expectation is at 3.1%, up from a previous value of 3%. The five-year inflation expectation remains steady at 3%.

[March Inflation Expectations from New York Fed at 3.42%, Forecasted at 3.5%]On April 8, the New York Federal Reserve reported that the one-year inflation expectation for March was 3.42%, compared to a forecast of 3.5% and a previous value of 3.00%. The three-year inflation expectation is at 3.1%, up from a previous value of 3%. The five-year inflation expectation remains steady at 3%.

March Inflation Expectations from New York Fed at 3.42%, Forecasted at 3.5%

On April 8, local time, US Vice President Vance stated that if Iran fails to reach an agreement before the deadline that evening, the US may escalate its actions against Iran, potentially utilizing previously 'untapped measures.' Vance mentioned that the US has the 'capability to inflict greater pain,' but emphasized that both Trump and he do not wish to reach that point and are actively pursuing negotiations. He indicated that the US expects to receive a response from Iran by 8 PM Eastern Time on April 7 (8 AM Beijing Time on April 8), regardless of whether the outcome is positive or negative. Vance warned that the US still has 'untapped measures' at its disposal, and if Iran does not cooperate, the US does not rule out the use of these measures. (CCTV)

[Vance: US May Use 'Untapped Measures' if Iran Fails to Reach Agreement]On April 8, local time, US Vice President Vance stated that if Iran fails to reach an agreement before the deadline that evening, the US may escalate its actions against Iran, potentially utilizing previously 'untapped measures.' Vance mentioned that the US has the 'capability to inflict greater pain,' but emphasized that both Trump and he do not wish to reach that point and are actively pursuing negotiations. He indicated that the US expects to receive a response from Iran by 8 PM Eastern Time on April 7 (8 AM Beijing Time on April 8), regardless of whether the outcome is positive or negative. Vance warned that the US still has 'untapped measures' at its disposal, and if Iran does not cooperate, the US does not rule out the use of these measures. (CCTV)

Vance: US May Use 'Untapped Measures' if Iran Fails to Reach Agreement

edge Surges 20.65% in 24H, Currently at 1.1042 USDT

【edge currently trades at 1.1042 USDT, up 20.65% in 24h, according to HTX market data.】edge Surges 20.65% in 24H, Currently at 1.1042 USDT

edge currently trades at 1.1042 USDT, up 20.65% in 24h, according to HTX market data.

Zach Weinersmith, author of Soonish, said on social media that the only argument I've heard about cryptocurrencies is that they make sense within the framework of believers themselves, who don't want a centralised currency issuer. But within that framework, why not just use gold?
 To this, Vitalik Buterin, co-founder of Ether, replied that gold is very inconvenient, it is difficult to use, especially when transacting with untrusted parties, and it does not support secure storage options such as multiple signatures. At this point, gold has a lower adoption rate than cryptocurrencies and therefore cryptocurrencies are the better choice.

Detail

【Vitalik Buterin: Gold has a lower adoption rate than cryptocurrencies】Zach Weinersmith, author of Soonish, said on social media that the only argument I've heard about cryptocurrencies is that they make sense within the framework of believers themselves, who don't want a centralised currency issuer. But within that framework, why not just use gold?
 To this, Vitalik Buterin, co-founder of Ether, replied that gold is very inconvenient, it is difficult to use, especially when transacting with untrusted parties, and it does not support secure storage options such as multiple signatures. At this point, gold has a lower adoption rate than cryptocurrencies and therefore cryptocurrencies are the better choice.

Vitalik Buterin: Gold has a lower adoption rate than cryptocurrencies

Article

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White House Views Iran's Response as Negotiation Strategy, US-Iran Talks Reach Critical Point

Vitalik Buterin: Gold has a lower adoption rate than cryptocurrencies

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

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