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On April 7, the Bitcoin faucet activity launched by Block, co-founded by Twitter's Jack Dorsey, went live today at 12:00 (UTC+8). The total prize pool is approximately $1 million in BTC, equivalent to about 15 coins, and the activity will continue until April 10 or until funds run out. This Bitcoin faucet activity is not a traditional free 'faucet'; instead, it encourages users to purchase, use, and self-custody Bitcoin through Block ecosystem products such as Cash App, Square, and Bitkey to earn free BTC rewards, with individual users able to earn up to approximately $80 worth of BTC. The official has not yet disclosed real-time total redemption data.

[Jack Dorsey's Bitcoin Faucet Activity Launched, Users Can Earn BTC Rewards Through Block Ecosystem Products]On April 7, the Bitcoin faucet activity launched by Block, co-founded by Twitter's Jack Dorsey, went live today at 12:00 (UTC+8). The total prize pool is approximately $1 million in BTC, equivalent to about 15 coins, and the activity will continue until April 10 or until funds run out. This Bitcoin faucet activity is not a traditional free 'faucet'; instead, it encourages users to purchase, use, and self-custody Bitcoin through Block ecosystem products such as Cash App, Square, and Bitkey to earn free BTC rewards, with individual users able to earn up to approximately $80 worth of BTC. The official has not yet disclosed real-time total redemption data.

Jack Dorsey's Bitcoin Faucet Activity Launched, Users Can Earn BTC Rewards Through Block Ecosystem Products

According to monitoring by 1M AI News, after being mentioned in a lengthy investigation by The New Yorker, Paul Graham posted twice to address controversies related to Sam Altman. He first refuted the narrative in the article regarding Sam's departure from Y Combinator. The New Yorker claimed that Graham had privately maintained that Sam's removal from YC was related to a lack of trust from partners; however, Graham stated that this was not the case, reiterating that Sam was not 'fired/removed' from YC, but rather asked to choose between YC and OpenAI. Graham also specifically addressed the article's reference to the famous old remark: 'If you dropped Sam on a cannibal island, he would be king in five years.' The New Yorker placed this statement in the context of discussions about Sam's willpower, power style, and credibility; Graham, however, asserted that the remark was originally meant to illustrate Sam's 'resilience, adaptability, and decisiveness,' without any 'dark' implications.

[Paul Graham Responds: Sam Was Not Forced Out by YC After The New Yorker Mention]According to monitoring by 1M AI News, after being mentioned in a lengthy investigation by The New Yorker, Paul Graham posted twice to address controversies related to Sam Altman. He first refuted the narrative in the article regarding Sam's departure from Y Combinator. The New Yorker claimed that Graham had privately maintained that Sam's removal from YC was related to a lack of trust from partners; however, Graham stated that this was not the case, reiterating that Sam was not 'fired/removed' from YC, but rather asked to choose between YC and OpenAI. Graham also specifically addressed the article's reference to the famous old remark: 'If you dropped Sam on a cannibal island, he would be king in five years.' The New Yorker placed this statement in the context of discussions about Sam's willpower, power style, and credibility; Graham, however, asserted that the remark was originally meant to illustrate Sam's 'resilience, adaptability, and decisiveness,' without any 'dark' implications.

Paul Graham Responds: Sam Was Not Forced Out by YC After The New Yorker Mention

On April 7, Bloomberg reported that data from brokerage firm Compass Inc. shows that the median home price in San Francisco soared to a record $2.15 million in March, an 18% increase compared to the same period last year, primarily driven by the influx of wealth generated by AI startups into the city. Similarly, apartment prices in San Francisco also saw a significant rise, increasing by 27% to $1.36 million, just below the peak of $1.375 million in April 2022. Patrick Carlisle, Chief Market Analyst at Compass, stated in the report: "The economic changes brought about by the Iran war—such as rising interest rates and financial market volatility—have not affected the extremely hot market dynamics in San Francisco, which are fueled by new job opportunities and wealth generated by the boom of AI startups." Companies like OpenAI and Anthropic have sparked a new gold rush in San Francisco, with employees investing their wealth into this compact city with nearly no new housing developments. Compass noted that at least 22 homes sold for over $5 million in March, setting a monthly record. Additionally, 24 apartments sold for over $3 million—also a record for a single month. The surge in San Francisco home prices contrasts with the moderate increase across the U.S., where home prices rose only 0.8% year-over-year as tracked by Zillow Group Inc. The previous peak for home prices in this California city was in April 2022, when buyers rushed to close deals before interest rates surged.

[Bloomberg: San Francisco Home Prices Surge to Record Levels Driven by AI Boom]On April 7, Bloomberg reported that data from brokerage firm Compass Inc. shows that the median home price in San Francisco soared to a record $2.15 million in March, an 18% increase compared to the same period last year, primarily driven by the influx of wealth generated by AI startups into the city. Similarly, apartment prices in San Francisco also saw a significant rise, increasing by 27% to $1.36 million, just below the peak of $1.375 million in April 2022. Patrick Carlisle, Chief Market Analyst at Compass, stated in the report: "The economic changes brought about by the Iran war—such as rising interest rates and financial market volatility—have not affected the extremely hot market dynamics in San Francisco, which are fueled by new job opportunities and wealth generated by the boom of AI startups." Companies like OpenAI and Anthropic have sparked a new gold rush in San Francisco, with employees investing their wealth into this compact city with nearly no new housing developments. Compass noted that at least 22 homes sold for over $5 million in March, setting a monthly record. Additionally, 24 apartments sold for over $3 million—also a record for a single month. The surge in San Francisco home prices contrasts with the moderate increase across the U.S., where home prices rose only 0.8% year-over-year as tracked by Zillow Group Inc. The previous peak for home prices in this California city was in April 2022, when buyers rushed to close deals before interest rates surged.

Bloomberg: San Francisco Home Prices Surge to Record Levels Driven by AI Boom

On April 7, BIT Official released a chart 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 falling 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 broad market uptrend remains low. Currently, trading volume is concentrating on a few assets, while overall market participation remains relatively low.

[BIT Official: Altcoin Buying Momentum Weakens, Trading Volume Continues to Shrink]On April 7, BIT Official released a chart 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 falling 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 broad market uptrend remains low. Currently, trading volume is concentrating on a few assets, while overall market participation remains relatively low.

BIT Official: Altcoin Buying Momentum Weakens, Trading Volume Continues to Shrink

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 CoinDesk, the political turmoil in the U.K. won’t alter crypto’s bright future in the country, lawmaker Lisa Cameron says.
The U.K. has seen its Conservative leadership change hands repeatedly over the last year, prompting support for the Labour Party – the main opposition party – to rise to levels not seen since the late 1990s. Even though voters may choose new leaders in the next election that are now set for 2025 but that could happen sooner, Cameron said in an interview with CoinDesk that she is certain the U.K. will maintain a friendly approach to crypto.

Detail

【UK’s crypto future is bright no matter who’s in charge, lawmaker says】According to CoinDesk, the political turmoil in the U.K. won’t alter crypto’s bright future in the country, lawmaker Lisa Cameron says.
The U.K. has seen its Conservative leadership change hands repeatedly over the last year, prompting support for the Labour Party – the main opposition party – to rise to levels not seen since the late 1990s. Even though voters may choose new leaders in the next election that are now set for 2025 but that could happen sooner, Cameron said in an interview with CoinDesk that she is certain the U.K. will maintain a friendly approach to crypto.

UK’s crypto future is bright no matter who’s in charge, lawmaker says

Article

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UK’s crypto future is bright no matter who’s in charge, lawmaker says

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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