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On April 7, a survey by foreign media revealed that OPEC's crude oil production experienced its largest decline in at least forty years in March, due to conflicts in the Middle East suppressing exports from major member countries. The survey indicated that OPEC's daily production plummeted by 7.56 million barrels (approximately 25%) to 22 million barrels. According to data compiled by institutions since 1989, the production drop in March marked the largest single-month decline. This decrease in volume also surpassed the Arab oil embargo of 1973. According to Daniel Yergin's book 'The Prize: The Epic Quest for Oil, Money & Power', during that period from October to December, the market faced an overall loss of 5 million barrels per day, although that shock occurred in a much smaller global market. The survey showed that Iraq, the OPEC member most reliant on the Strait of Hormuz, experienced the largest production drop, with a decrease of 2.76 million barrels to 1.63 million barrels per day. Saudi Arabia and the UAE followed, benefiting from their ability to partially divert exports through alternative oil pipelines. Saudi Arabia's production fell by 2.07 million barrels to 8.36 million barrels, while the UAE's production decreased by 1.44 million barrels to 2.16 million barrels. Despite Saudi Arabia's ability to export through the Red Sea, tanker tracking indicated that Saudi exports in March dropped by about 50%.

[Investigation: OPEC Oil Production Sees Largest Decline in Decades in March]On April 7, a survey by foreign media revealed that OPEC's crude oil production experienced its largest decline in at least forty years in March, due to conflicts in the Middle East suppressing exports from major member countries. The survey indicated that OPEC's daily production plummeted by 7.56 million barrels (approximately 25%) to 22 million barrels. According to data compiled by institutions since 1989, the production drop in March marked the largest single-month decline. This decrease in volume also surpassed the Arab oil embargo of 1973. According to Daniel Yergin's book 'The Prize: The Epic Quest for Oil, Money & Power', during that period from October to December, the market faced an overall loss of 5 million barrels per day, although that shock occurred in a much smaller global market. The survey showed that Iraq, the OPEC member most reliant on the Strait of Hormuz, experienced the largest production drop, with a decrease of 2.76 million barrels to 1.63 million barrels per day. Saudi Arabia and the UAE followed, benefiting from their ability to partially divert exports through alternative oil pipelines. Saudi Arabia's production fell by 2.07 million barrels to 8.36 million barrels, while the UAE's production decreased by 1.44 million barrels to 2.16 million barrels. Despite Saudi Arabia's ability to export through the Red Sea, tanker tracking indicated that Saudi exports in March dropped by about 50%.

Investigation: OPEC Oil Production Sees Largest Decline in Decades in March

On April 7, according to reports from Arab media outlet Al Hadath, the White House denied that the United States intends to use nuclear weapons in Iran. (Jinshi)

[White House Denies Intent to Use Nuclear Weapons in Iran]On April 7, according to reports from Arab media outlet Al Hadath, the White House denied that the United States intends to use nuclear weapons in Iran. (Jinshi)

White House Denies Intent to Use Nuclear Weapons in Iran

On April 7, Bitcoin treasury company Strategy disclosed data on platform X, stating that the amount of Bitcoin accumulated by the company this year has reached 2.2 times the natural market supply. Additionally, it has achieved a Bitcoin yield of 3.7%, with a cumulative gain of approximately 24,675 BTC this year, equivalent to about $1.7 billion.

[Strategy: Bitcoin Accumulation This Year Reaches 2.2 Times Natural Market Supply]On April 7, Bitcoin treasury company Strategy disclosed data on platform X, stating that the amount of Bitcoin accumulated by the company this year has reached 2.2 times the natural market supply. Additionally, it has achieved a Bitcoin yield of 3.7%, with a cumulative gain of approximately 24,675 BTC this year, equivalent to about $1.7 billion.

Strategy: Bitcoin Accumulation This Year Reaches 2.2 Times Natural Market Supply

On April 7, the prediction market platform Polymarket reported a significant increase in fee revenue following a fee adjustment on March 30. In the first week of April, the platform generated approximately $7.1 million in fees, with an annualized revenue of about $365 million, accounting for 96.8% of the total fees in the on-chain prediction market. In terms of fees, Polymarket has become the eighth largest DeFi protocol, following leading projects such as Circle (USDC), Tether (USDT), and Hyperliquid. The platform's total value locked (TVL) has exceeded $432 million, nearing its historical peak of approximately $510 million during the U.S. elections in November 2024. In terms of infrastructure, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, completed a $600 million cash investment in Polymarket on March 27 as part of its $2 billion commitment, which will distribute event-driven data from the platform to institutional clients. Additionally, Polymarket announced the replacement of the bridged USDC.e collateral on Polygon with a new 1:1 USDC-backed token called 'Polymarket USD'.

[Polymarket Captures 97% of On-Chain Prediction Market Fees After Adjustment]On April 7, the prediction market platform Polymarket reported a significant increase in fee revenue following a fee adjustment on March 30. In the first week of April, the platform generated approximately $7.1 million in fees, with an annualized revenue of about $365 million, accounting for 96.8% of the total fees in the on-chain prediction market. In terms of fees, Polymarket has become the eighth largest DeFi protocol, following leading projects such as Circle (USDC), Tether (USDT), and Hyperliquid. The platform's total value locked (TVL) has exceeded $432 million, nearing its historical peak of approximately $510 million during the U.S. elections in November 2024. In terms of infrastructure, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, completed a $600 million cash investment in Polymarket on March 27 as part of its $2 billion commitment, which will distribute event-driven data from the platform to institutional clients. Additionally, Polymarket announced the replacement of the bridged USDC.e collateral on Polygon with a new 1:1 USDC-backed token called 'Polymarket USD'.

Polymarket Captures 97% of On-Chain Prediction Market Fees After Adjustment

On April 7, Bloomberg ETF analyst Eric Balchunas posted on social media that, according to the listing notice from the New York Stock Exchange, Morgan Stanley's Bitcoin ETF MSBT is expected to go live tomorrow (April 8, Wednesday). BlockBeats previously reported that Morgan Stanley's spot Bitcoin ETF (MSBT) will charge an annual 'trustee sponsorship fee' of 0.14%, making it the lowest fee for a spot Bitcoin ETF in the U.S. market.

[Morgan Stanley Bitcoin Spot ETF Set to Launch on April 8]On April 7, Bloomberg ETF analyst Eric Balchunas posted on social media that, according to the listing notice from the New York Stock Exchange, Morgan Stanley's Bitcoin ETF MSBT is expected to go live tomorrow (April 8, Wednesday). BlockBeats previously reported that Morgan Stanley's spot Bitcoin ETF (MSBT) will charge an annual 'trustee sponsorship fee' of 0.14%, making it the lowest fee for a spot Bitcoin ETF in the U.S. market.

Morgan Stanley Bitcoin Spot ETF Set to Launch on April 8

On April 7, according to Fox News reporters, President Trump stated that if negotiations make progress, the deadline set for 8 PM on Tuesday may be adjusted, but he will still adhere to the original cutoff time for now. After the deadline, we will continue to proceed with our planned actions against Iran.

[US Media: Trump Indicates Possible Adjustment to Iran Deadline]On April 7, according to Fox News reporters, President Trump stated that if negotiations make progress, the deadline set for 8 PM on Tuesday may be adjusted, but he will still adhere to the original cutoff time for now. After the deadline, we will continue to proceed with our planned actions against Iran.

US Media: Trump Indicates Possible Adjustment to Iran Deadline

According to monitoring by Lookonchain, Circle has minted 1 billion USDC in the past 24 hours.

[Circle Minted 1 Billion USDC in the Last 24 Hours]According to monitoring by Lookonchain, Circle has minted 1 billion USDC in the past 24 hours.

Circle Minted 1 Billion USDC in the Last 24 Hours

On April 7, according to Fox News reporters, President Trump stated that if negotiations progress, the deadline set for Tuesday at 8 PM may be adjusted, but for now, he will adhere to the original deadline. After the deadline, we will continue to advance actions against Iran as planned.

[US Media: Trump Indicates Possible Adjustment to Iran Deadline]On April 7, according to Fox News reporters, President Trump stated that if negotiations progress, the deadline set for Tuesday at 8 PM may be adjusted, but for now, he will adhere to the original deadline. After the deadline, we will continue to advance actions against Iran as planned.

According to foreign media reports on the 7th, the United States has denied that it is considering the use of nuclear weapons in Iran. (Xinhua News Agency)

[US Denies Considering Use of Nuclear Weapons in Iran]According to foreign media reports on the 7th, the United States has denied that it is considering the use of nuclear weapons in Iran. (Xinhua News Agency)

US Denies Considering Use of Nuclear Weapons in Iran

Ethereum co-founder Vitalik Buterin commented on Tesla CEO Elon Musk’s remarks on Twitter Blue’s subscription fee of $8 per month, saying that how well this works depends on exactly how much due diligence is done to make sure blue checks are who they say they are. "Pay $8/month and call yourself whatever" would damage the blue check's anti-scam role. But if there's more actual verification, the result is very different.

Detail

【Vitalik Buterin is skeptical about effectiveness of Twitter Blue's subscription fee plan】Ethereum co-founder Vitalik Buterin commented on Tesla CEO Elon Musk’s remarks on Twitter Blue’s subscription fee of $8 per month, saying that how well this works depends on exactly how much due diligence is done to make sure blue checks are who they say they are. "Pay $8/month and call yourself whatever" would damage the blue check's anti-scam role. But if there's more actual verification, the result is very different.

Vitalik Buterin is skeptical about effectiveness of Twitter Blue's subscription fee plan

Article

Trump Reiterates Threat to Attack Iranian Bridges and Power Plants

BTC broke through 70000  USDT

South Korean Fintech Giant Toss Plans to Launch Native Cryptocurrency

Fed's Probability of Keeping Rates Unchanged in April at 98.4%

Anthropic Expects Annual Revenue to Exceed $30 Billion by 2026

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

Vitalik Buterin is skeptical about effectiveness of Twitter Blue's subscription fee plan

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

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