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On April 12, according to a report by Iran's Mehr News Agency, Iranian Islamic Parliament Deputy Speaker Haji Babaei warned the United States that the Strait of Hormuz is a 'red line' fully controlled by Iran, and that tolls must be paid in rials. The report stated that the majority of Iranian parliament members support plans regarding the Strait of Hormuz, and that control over this strategic waterway is non-negotiable under any circumstances, as per the leadership's directives. (Xinhua News Agency)

[Iranian Deputy Speaker Says Strait of Hormuz is a 'Red Line' Fully Controlled by Iran]On April 12, according to a report by Iran's Mehr News Agency, Iranian Islamic Parliament Deputy Speaker Haji Babaei warned the United States that the Strait of Hormuz is a 'red line' fully controlled by Iran, and that tolls must be paid in rials. The report stated that the majority of Iranian parliament members support plans regarding the Strait of Hormuz, and that control over this strategic waterway is non-negotiable under any circumstances, as per the leadership's directives. (Xinhua News Agency)

Iranian Deputy Speaker Says Strait of Hormuz is a 'Red Line' Fully Controlled by Iran

On April 12, it was announced that Musk's social application XChat will officially launch on the App Store on April 17. Musk previously stated that XChat aims to replace the old Twitter direct messaging system, creating a fully encrypted platform that supports text, file transfers, audio, and video calls.

[Musk's XChat to Officially Launch on App Store on April 17]On April 12, it was announced that Musk's social application XChat will officially launch on the App Store on April 17. Musk previously stated that XChat aims to replace the old Twitter direct messaging system, creating a fully encrypted platform that supports text, file transfers, audio, and video calls.

Musk's XChat to Officially Launch on App Store on April 17

On April 12, Bank of America reported on Friday that it has lowered its growth forecast for the U.S. by 50 basis points to 2.3%, with the direct impact of the war accounting for about three-quarters of the adjustment. The overall inflation adjustment is up by 70 basis points, and it is now expected that by the end of 2026, core PCE will be 30 basis points higher than previously predicted, reaching 3.1%. In the Eurozone, the bank has lowered its growth forecast by 60 basis points and raised its inflation forecast by 160 basis points to 3.3%, with core inflation at 2.3%.

[Bank of America: Middle East Impact Widespread but Uneven]On April 12, Bank of America reported on Friday that it has lowered its growth forecast for the U.S. by 50 basis points to 2.3%, with the direct impact of the war accounting for about three-quarters of the adjustment. The overall inflation adjustment is up by 70 basis points, and it is now expected that by the end of 2026, core PCE will be 30 basis points higher than previously predicted, reaching 3.1%. In the Eurozone, the bank has lowered its growth forecast by 60 basis points and raised its inflation forecast by 160 basis points to 3.3%, with core inflation at 2.3%.

Bank of America: Middle East Impact Widespread but Uneven

On April 12, WLFI responded to recent discussions in the community regarding an article published by Peter Girnus, who claims to be a WLFI Web3 ambassador. WLFI stated, 'Upon verification, the author of the article is neither a member of the WLFI team nor affiliated with WLFI in any way.' WLFI CEO Zach Witkoff also publicly responded to the relevant tweet, stating, 'Peter Girnus lacks understanding of the basic facts. Clarifications are as follows: · World Liberty has no relation to the Meme coin TRUMP; · World Liberty has no affiliation with Fight Fight Fight or CIC Digital; · Our early holders purchased at $0.015 and $0.05, and the current price is $0.08; · We do not primarily generate revenue from 'transaction fees'; our core product is a stablecoin, with earnings derived from government bond assets. Based on trading volume and market capitalization, our stablecoin is the second-largest stablecoin that meets the GENIUS standard.'

[WLFI Responds to Controversy: Many Claims Are Inaccurate, Peter Girnus Has No Affiliation with WLFI]On April 12, WLFI responded to recent discussions in the community regarding an article published by Peter Girnus, who claims to be a WLFI Web3 ambassador. WLFI stated, 'Upon verification, the author of the article is neither a member of the WLFI team nor affiliated with WLFI in any way.' WLFI CEO Zach Witkoff also publicly responded to the relevant tweet, stating, 'Peter Girnus lacks understanding of the basic facts. Clarifications are as follows: · World Liberty has no relation to the Meme coin TRUMP; · World Liberty has no affiliation with Fight Fight Fight or CIC Digital; · Our early holders purchased at $0.015 and $0.05, and the current price is $0.08; · We do not primarily generate revenue from 'transaction fees'; our core product is a stablecoin, with earnings derived from government bond assets. Based on trading volume and market capitalization, our stablecoin is the second-largest stablecoin that meets the GENIUS standard.'

WLFI Responds to Controversy: Many Claims Are Inaccurate, Peter Girnus Has No Affiliation with WLFI

On April 12, Bittensor co-founder Jacob Robert Steeves responded to the Covenant AI incident, stating that the events of the past few days have left him 'deeply shaken.' He accused Covenant AI founder Samuel Dare of causing serious harm to the protocol and community, betraying the trust of investors and users, and letting everyone down. He also apologized to users who suffered losses due to the incident. Steeves emphasized that Bittensor was originally designed to combat greed and selfishness in human nature, promoting AI ownership by all participants through a permissionless mechanism. He noted that while this incident has exposed vulnerabilities in the system, it will also drive the protocol and community to enhance their risk resilience. Regarding future directions, Steeves proposed advancing a 'Locked Stake' mechanism, introducing a 'time + stake' commitment dimension at the protocol level to improve transparency and investor protection, thereby reducing similar risks. He pointed out that this plan was originally designed with the involvement of Samuel Dare. Additionally, he stated that the development related to subnets 3, 39, and 81 will continue to be advanced by the community, and the overall functionality and vision will not change. Steeves emphasized that Bittensor remains one of the most decentralized AI protocols currently and will continue to promote the development of open AI, with plans to move towards training larger-scale models, aiming to train a model with 1 trillion parameters in the future.

[Bittensor Co-Founder Accuses Covenant AI Founder of Betraying Community, Proposes 'Locked Stake' Mechanism to Strengthen Governance]On April 12, Bittensor co-founder Jacob Robert Steeves responded to the Covenant AI incident, stating that the events of the past few days have left him 'deeply shaken.' He accused Covenant AI founder Samuel Dare of causing serious harm to the protocol and community, betraying the trust of investors and users, and letting everyone down. He also apologized to users who suffered losses due to the incident. Steeves emphasized that Bittensor was originally designed to combat greed and selfishness in human nature, promoting AI ownership by all participants through a permissionless mechanism. He noted that while this incident has exposed vulnerabilities in the system, it will also drive the protocol and community to enhance their risk resilience. Regarding future directions, Steeves proposed advancing a 'Locked Stake' mechanism, introducing a 'time + stake' commitment dimension at the protocol level to improve transparency and investor protection, thereby reducing similar risks. He pointed out that this plan was originally designed with the involvement of Samuel Dare. Additionally, he stated that the development related to subnets 3, 39, and 81 will continue to be advanced by the community, and the overall functionality and vision will not change. Steeves emphasized that Bittensor remains one of the most decentralized AI protocols currently and will continue to promote the development of open AI, with plans to move towards training larger-scale models, aiming to train a model with 1 trillion parameters in the future.

Bittensor Co-Founder Accuses Covenant AI Founder of Betraying Community, Proposes 'Locked Stake' Mechanism to Strengthen Governance

On April 12, in response to a satirical article circulating on the X platform claiming to be from WLFI's 'Web3 Ambassador', WLFI CEO Zach Witkoff stated that the author is not a member of the WLFI team and has no association with WLFI. He pointed out that the author lacks understanding of basic facts and suggested conducting more research. Zach Witkoff highlighted: The author conflated 'World Liberty' with 'Trump Meme Coin', which are entirely unrelated; 'World Liberty' has no connection to 'Fight Fight Fight' or CIC Digital; Early holders of WLFI purchased at prices of $0.015 and $0.05, with the current price at $0.08. The team does not charge a 'transaction fee', and its main product is a stablecoin.

[WLFI CEO: Author of Satirical Article Unrelated to WLFI Team, Content Misrepresents Facts]On April 12, in response to a satirical article circulating on the X platform claiming to be from WLFI's 'Web3 Ambassador', WLFI CEO Zach Witkoff stated that the author is not a member of the WLFI team and has no association with WLFI. He pointed out that the author lacks understanding of basic facts and suggested conducting more research. Zach Witkoff highlighted: The author conflated 'World Liberty' with 'Trump Meme Coin', which are entirely unrelated; 'World Liberty' has no connection to 'Fight Fight Fight' or CIC Digital; Early holders of WLFI purchased at prices of $0.015 and $0.05, with the current price at $0.08. The team does not charge a 'transaction fee', and its main product is a stablecoin.

WLFI CEO: Author of Satirical Article Unrelated to WLFI Team, Content Misrepresents Facts

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

According to Cryptoslate, investors reap higher returns with Grayscale's ETHE and GBTC in 2023. GBTC is up 95% year to date while the discount has narrowed to roughly 40%, which was as low as 50% in January 2023. In addition, ETHE is up 83% year to date, while the ETHE discount has narrowed to 51%; it was as low as 60% in January 2023. Meanwhile, Bitcoin is up 72%, and Ethereum is up 60% yearly. A lot of volatility could occur next week, with the Shanghai upgrade looming.

Detail

【Grayscale investment funds outshine Bitcoin, Ethereum in 2023】According to Cryptoslate, investors reap higher returns with Grayscale's ETHE and GBTC in 2023. GBTC is up 95% year to date while the discount has narrowed to roughly 40%, which was as low as 50% in January 2023. In addition, ETHE is up 83% year to date, while the ETHE discount has narrowed to 51%; it was as low as 60% in January 2023. Meanwhile, Bitcoin is up 72%, and Ethereum is up 60% yearly. A lot of volatility could occur next week, with the Shanghai upgrade looming.

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Grayscale investment funds outshine Bitcoin, Ethereum in 2023

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

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