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On April 12, local time in the U.S., the social app XChat, under the X platform, officially announced that it will be available on the App Store starting April 17. The app features end-to-end encryption, is ad-free, and does not track users. Since the internal testing began in May 2025, XChat has undergone nearly a year of testing and iterations; if we consider the moment Musk acquired Twitter in 2022 with the aim of creating a Western version of WeChat, it has been nearly four years.

[Elon Musk's 'Western WeChat' XChat to Launch on App Store April 17]On April 12, local time in the U.S., the social app XChat, under the X platform, officially announced that it will be available on the App Store starting April 17. The app features end-to-end encryption, is ad-free, and does not track users. Since the internal testing began in May 2025, XChat has undergone nearly a year of testing and iterations; if we consider the moment Musk acquired Twitter in 2022 with the aim of creating a Western version of WeChat, it has been nearly four years.

Elon Musk's 'Western WeChat' XChat to Launch on App Store April 17

On April 12, Cointelegraph reported that macro investor Jordi Visser stated that Bitcoin and Ethereum are not far from key price levels that could indicate a trend reversal this year, despite an increasing number of opinions within the industry suggesting that the market has entered a bear cycle. He said, 'If Bitcoin breaks $76,000 and Ethereum breaks $2,400, I believe this will mark the beginning of a sustainable upward trend this year, as I do not foresee an economic recession.' Visser also mentioned, 'I believe inflation will remain high, and people will need to seek profitable assets in a world where the S&P index shows no gains.' The market prediction platform Kalshi currently prices the probability of a recession in 2026 at 24%, down 10 percentage points from the past 30 days. Visser's views contrast with the growing pessimism in the current crypto industry, with some expecting Bitcoin to fall below the year's low of $60,000 set on February 6. Veteran trader Peter Brandt stated on March 31 that Bitcoin may retest or even 'slightly dip below' that price level in September or October, which would mark the low point of this bear market.

[Analysis: BTC Breaks $76,000 and ETH Breaks $2,400, Trend Reversal May Follow]On April 12, Cointelegraph reported that macro investor Jordi Visser stated that Bitcoin and Ethereum are not far from key price levels that could indicate a trend reversal this year, despite an increasing number of opinions within the industry suggesting that the market has entered a bear cycle. He said, 'If Bitcoin breaks $76,000 and Ethereum breaks $2,400, I believe this will mark the beginning of a sustainable upward trend this year, as I do not foresee an economic recession.' Visser also mentioned, 'I believe inflation will remain high, and people will need to seek profitable assets in a world where the S&P index shows no gains.' The market prediction platform Kalshi currently prices the probability of a recession in 2026 at 24%, down 10 percentage points from the past 30 days. Visser's views contrast with the growing pessimism in the current crypto industry, with some expecting Bitcoin to fall below the year's low of $60,000 set on February 6. Veteran trader Peter Brandt stated on March 31 that Bitcoin may retest or even 'slightly dip below' that price level in September or October, which would mark the low point of this bear market.

Analysis: BTC Breaks $76,000 and ETH Breaks $2,400, Trend Reversal May Follow

On April 12, US-Iran talks concluded after 21 hours without reaching an agreement, with significant disagreements remaining on nuclear issues and more. Key points from the US-Iran talks are as follows: · Negotiation Process: The talks lasted for 21 hours, continuing from Saturday into early Sunday local time. According to Al Jazeera, both sides engaged in about five rounds of discussions, with written exchanges of opinions after each round. US media reported that the US negotiating team communicated with Trump at least six times and interacted with several US government officials. Iran reported that both sides discussed various aspects of key negotiation topics, including the Strait of Hormuz, nuclear issues, war reparations, lifting sanctions, and completely ending the wars against Iran and the Middle East. · Conclusion of Talks, US Statement: Vance stated that no agreement was reached and that the differences between the two sides remain evident. The core issue is Iran's lack of a clear commitment to abandon the development of nuclear weapons. The 'final proposal' awaits Iran's response. After a brief four-minute press conference, Vance immediately departed for Washington. · Conclusion of Talks, Iran's Statement: Iranian media claimed that the US side was unrealistic and made 'excessive demands' that hindered the agreement. The Iranian Foreign Ministry stated that there are disagreements between Iran and the US on two or three important issues. It should not be expected that an agreement can be reached in a single negotiation. According to Iranian media, the Iranian delegation left Pakistan. · Future Outlook: The time and location for the next round of negotiations have yet to be determined. The Pakistani Foreign Minister stated that efforts to advance US-Iran negotiations will continue, and both sides must adhere to their ceasefire commitments. The Iranian Foreign Ministry indicated that communications and consultations between Iran and Pakistan will continue. Sources suggest that Iran is not in a hurry to negotiate with the US again, and as long as the US does not agree to a reasonable deal, the situation in the Strait of Hormuz will not change. · Other: Iranian media reported that some Western media exaggerated the 'positive atmosphere' of the negotiations for the purpose of influencing international energy prices. Reports of 'intense conflicts in the meeting room' and 'handshakes between members' were completely fabricated by Western media.

[US-Iran Talks End After 21 Hours Without Agreement: Sharp Disagreements Remain, Next Round Undetermined]On April 12, US-Iran talks concluded after 21 hours without reaching an agreement, with significant disagreements remaining on nuclear issues and more. Key points from the US-Iran talks are as follows: · Negotiation Process: The talks lasted for 21 hours, continuing from Saturday into early Sunday local time. According to Al Jazeera, both sides engaged in about five rounds of discussions, with written exchanges of opinions after each round. US media reported that the US negotiating team communicated with Trump at least six times and interacted with several US government officials. Iran reported that both sides discussed various aspects of key negotiation topics, including the Strait of Hormuz, nuclear issues, war reparations, lifting sanctions, and completely ending the wars against Iran and the Middle East. · Conclusion of Talks, US Statement: Vance stated that no agreement was reached and that the differences between the two sides remain evident. The core issue is Iran's lack of a clear commitment to abandon the development of nuclear weapons. The 'final proposal' awaits Iran's response. After a brief four-minute press conference, Vance immediately departed for Washington. · Conclusion of Talks, Iran's Statement: Iranian media claimed that the US side was unrealistic and made 'excessive demands' that hindered the agreement. The Iranian Foreign Ministry stated that there are disagreements between Iran and the US on two or three important issues. It should not be expected that an agreement can be reached in a single negotiation. According to Iranian media, the Iranian delegation left Pakistan. · Future Outlook: The time and location for the next round of negotiations have yet to be determined. The Pakistani Foreign Minister stated that efforts to advance US-Iran negotiations will continue, and both sides must adhere to their ceasefire commitments. The Iranian Foreign Ministry indicated that communications and consultations between Iran and Pakistan will continue. Sources suggest that Iran is not in a hurry to negotiate with the US again, and as long as the US does not agree to a reasonable deal, the situation in the Strait of Hormuz will not change. · Other: Iranian media reported that some Western media exaggerated the 'positive atmosphere' of the negotiations for the purpose of influencing international energy prices. Reports of 'intense conflicts in the meeting room' and 'handshakes between members' were completely fabricated by Western media.

US-Iran Talks End After 21 Hours Without Agreement: Sharp Disagreements Remain, Next Round Undetermined

On April 12, MiniMax announced that MiniMax M2.7 has officially been open-sourced. The model has achieved state-of-the-art (SOTA) performance on benchmark tests such as SWE-Pro (56.22%) and Terminal Bench 2 (57.0%). Users can now access the model on Hugging Face. MiniMax-M2.7 is the first model to deeply engage in its own evolutionary process. M2.7 is capable of building complex agent frameworks and utilizes agent teams, complex skills, and dynamic tool search capabilities to complete highly complex productivity tasks.

[MiniMax Announces Official Open Source Release of M2.7]On April 12, MiniMax announced that MiniMax M2.7 has officially been open-sourced. The model has achieved state-of-the-art (SOTA) performance on benchmark tests such as SWE-Pro (56.22%) and Terminal Bench 2 (57.0%). Users can now access the model on Hugging Face. MiniMax-M2.7 is the first model to deeply engage in its own evolutionary process. M2.7 is capable of building complex agent frameworks and utilizes agent teams, complex skills, and dynamic tool search capabilities to complete highly complex productivity tasks.

MiniMax Announces Official Open Source Release of M2.7

Bitcoin Fear and Greed Index is 16. Extreme Fear.
Current Price: $71717.27.

[Bitcoin Fear and Greed Index is 16]Bitcoin Fear and Greed Index is 16. Extreme Fear.
Current Price: $71717.27.

Bitcoin Fear and Greed Index is 16

based Surges 10.10% in 24H, Currently at 0.05793 USDT

【based currently trades at 0.05793 USDT, up 10.10% in 24h, according to HTX market data.】based Surges 10.10% in 24H, Currently at 0.05793 USDT

based currently trades at 0.05793 USDT, up 10.10% in 24h, according to HTX market data.

On April 12, Trump shared an article title on Truth Social stating: 'If Iran does not yield, Trump's 'trump card' is a naval blockade.' The article pointed out that if Iran refuses to accept the final agreement proposed by the U.S. on Saturday, Trump may follow through on his previous threat to 'bomb Tehran back to the Stone Age'; alternatively, he may replicate the strategy used in Venezuela by implementing a naval blockade to cut off Iran's economic lifeline.

[Trump Hints at Possible 'Naval Blockade' Against Iran]On April 12, Trump shared an article title on Truth Social stating: 'If Iran does not yield, Trump's 'trump card' is a naval blockade.' The article pointed out that if Iran refuses to accept the final agreement proposed by the U.S. on Saturday, Trump may follow through on his previous threat to 'bomb Tehran back to the Stone Age'; alternatively, he may replicate the strategy used in Venezuela by implementing a naval blockade to cut off Iran's economic lifeline.

Trump Hints at Possible 'Naval Blockade' Against Iran

On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue engagement. (Xinhua News Agency)

[Israel Assesses Possibility of Extended US-Iran Ceasefire]On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue engagement. (Xinhua News Agency)

Israel Assesses Possibility of Extended US-Iran Ceasefire

On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue their engagement. (Xinhua News Agency)

[Israel Assesses Possibility of Extended US-Iran Ceasefire]On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue their engagement. (Xinhua News Agency)

According to The Block, EU lawmakers differ in their view on how the bloc's upcoming crypto regulation would have cushioned the blow from FTX's collapse.The effects of FTX's filing for bankruptcy protection are rippling through the crypto industry. Other firms with exposure to the crypto giant are tumbling over. On Tuesday, crypto lending firm BlockFi prepared to file for bankruptcy protection too. Today, Genesis halted withdrawals. Some EU officials believe the Markets in Crypto Assets regulation — expected to be implemented by 2024 — would strongly protect EU citizens from the FTX ricochet. Others are less certain.“I don't see exactly how MiCA would be able to fully stop or prevent this,” Ondrej Kovarik, center-right member of the European Parliament (MEP) who was a co-legislator on MiCA, told The Block in an interview.

Detail

【EU's MiCA regulation would have had limited impact on FTX debacle, lawmaker says】According to The Block, EU lawmakers differ in their view on how the bloc's upcoming crypto regulation would have cushioned the blow from FTX's collapse.The effects of FTX's filing for bankruptcy protection are rippling through the crypto industry. Other firms with exposure to the crypto giant are tumbling over. On Tuesday, crypto lending firm BlockFi prepared to file for bankruptcy protection too. Today, Genesis halted withdrawals. Some EU officials believe the Markets in Crypto Assets regulation — expected to be implemented by 2024 — would strongly protect EU citizens from the FTX ricochet. Others are less certain.“I don't see exactly how MiCA would be able to fully stop or prevent this,” Ondrej Kovarik, center-right member of the European Parliament (MEP) who was a co-legislator on MiCA, told The Block in an interview.

EU's MiCA regulation would have had limited impact on FTX debacle, lawmaker says

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Article

Bitcoin Fear and Greed Index is 15

EU's MiCA regulation would have had limited impact on FTX debacle, lawmaker says

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

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