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On April 1, Jaret Seiberg, Managing Director at TD Cowen, expressed an increasingly pessimistic outlook on the prospects of the Clarity Act, the crypto market structure bill, in a research report released on Monday. He believes the probability of the Senate advancing the bill and it passing the House is only one-third. The bill currently remains stalled in the U.S. Senate, as Congress has entered a two-week Easter recess. Seiberg pointed out that a recent compromise proposal on stablecoin yields, pushed by Senators Thom Tillis and Angela Alsobrooks, is 'insufficient' to advance the bill. This proposal prohibits earning yields on idle stablecoin balances but allows activity-based rewards when using stablecoins. Seiberg believes this compromise may not satisfy either party: it would hinder crypto platforms from using stablecoins for liquidity management, while for banks, it would incentivize crypto platforms to push stablecoins for everyday payments, threatening core deposit business. Seiberg stated that the bill is most likely to advance in late July before Congress's August recess, at which point recess pressure may force senators to reach a compromise. He also noted that even senators who were previously optimistic are lowering their expectations, with Senator Mark Warner reducing the probability of the bill's passage from 80% to 50% to 60%.

[TD Cowen: One-Third Chance for Crypto Market Structure Bill to Pass This Year]On April 1, Jaret Seiberg, Managing Director at TD Cowen, expressed an increasingly pessimistic outlook on the prospects of the Clarity Act, the crypto market structure bill, in a research report released on Monday. He believes the probability of the Senate advancing the bill and it passing the House is only one-third. The bill currently remains stalled in the U.S. Senate, as Congress has entered a two-week Easter recess. Seiberg pointed out that a recent compromise proposal on stablecoin yields, pushed by Senators Thom Tillis and Angela Alsobrooks, is 'insufficient' to advance the bill. This proposal prohibits earning yields on idle stablecoin balances but allows activity-based rewards when using stablecoins. Seiberg believes this compromise may not satisfy either party: it would hinder crypto platforms from using stablecoins for liquidity management, while for banks, it would incentivize crypto platforms to push stablecoins for everyday payments, threatening core deposit business. Seiberg stated that the bill is most likely to advance in late July before Congress's August recess, at which point recess pressure may force senators to reach a compromise. He also noted that even senators who were previously optimistic are lowering their expectations, with Senator Mark Warner reducing the probability of the bill's passage from 80% to 50% to 60%.

TD Cowen: One-Third Chance for Crypto Market Structure Bill to Pass This Year

On April 1, MagicEden announced that the wallet will enter export-only mode and be removed from the app store tomorrow. Users are reminded to export their assets or wallets.

[MagicEden: Wallet to be Removed and Enter Export-Only Mode Tomorrow]On April 1, MagicEden announced that the wallet will enter export-only mode and be removed from the app store tomorrow. Users are reminded to export their assets or wallets.

MagicEden: Wallet to be Removed and Enter Export-Only Mode Tomorrow

The US Dollar Index fell 0.54% on March 31, closing at 99.965 in the foreign exchange market.

[US Dollar Index Falls 0.54% on March 31]The US Dollar Index fell 0.54% on March 31, closing at 99.965 in the foreign exchange market.

US Dollar Index Falls 0.54% on March 31

On April 1, OpenAI completed a $122 billion financing round, bringing the company's valuation to $852 billion. This marks the largest financing round for the company to date, supporting its expensive investments in chips, data centers, and talent. Most of the funds in this months-long preparation came from three major tech companies. Amazon agreed to invest $50 billion in this round, while NVIDIA and SoftBank Group each invested $30 billion. A significant portion of Amazon's investment ($35 billion) is contingent on OpenAI's ability to go public or achieve a technological milestone in general artificial intelligence. OpenAI also raised over $3 billion from individual investors through bank channels for the first time. The company reported that it currently generates $2 billion in revenue per month, with enterprise sales accounting for 40% of its revenue, expected to rise to 50% by the end of the year.

[OpenAI Completes $122 Billion Financing Round, Valuation Reaches $852 Billion]On April 1, OpenAI completed a $122 billion financing round, bringing the company's valuation to $852 billion. This marks the largest financing round for the company to date, supporting its expensive investments in chips, data centers, and talent. Most of the funds in this months-long preparation came from three major tech companies. Amazon agreed to invest $50 billion in this round, while NVIDIA and SoftBank Group each invested $30 billion. A significant portion of Amazon's investment ($35 billion) is contingent on OpenAI's ability to go public or achieve a technological milestone in general artificial intelligence. OpenAI also raised over $3 billion from individual investors through bank channels for the first time. The company reported that it currently generates $2 billion in revenue per month, with enterprise sales accounting for 40% of its revenue, expected to rise to 50% by the end of the year.

OpenAI Completes $122 Billion Financing Round, Valuation Reaches $852 Billion

On April 1, U.S. stock indices saw significant gains, with the Nasdaq rising 3.83%, the S&P 500 increasing by 2.91% marking its best single-day performance since May, and the Dow Jones up 2.49%. On a monthly basis, the Nasdaq has still declined by 4.75%, the S&P 500 has dropped 5.09%, and the Dow Jones has fallen 5.38%.

[U.S. Stock Indices Surge, Nasdaq Up 3.83%]On April 1, U.S. stock indices saw significant gains, with the Nasdaq rising 3.83%, the S&P 500 increasing by 2.91% marking its best single-day performance since May, and the Dow Jones up 2.49%. On a monthly basis, the Nasdaq has still declined by 4.75%, the S&P 500 has dropped 5.09%, and the Dow Jones has fallen 5.38%.

U.S. Stock Indices Surge, Nasdaq Up 3.83%

On April 1, the White House stated on Tuesday that the U.S. military is prepared to thwart any attacks from Iran. This response comes after threats from the Iranian Islamic Revolutionary Guard Corps (IRGC) against American businesses in the Middle East. "The U.S. military has always been ready to deter any attacks from Iran, and the 90% decrease in the regime's ballistic missile and drone attacks is clear evidence of that," a White House official stated. Reports indicate that the IRGC announced earlier on Tuesday that it would take action against U.S.-owned businesses in the region starting April 1, as retaliation for attacks against Iran.

[White House Responds to IRGC Threats Against U.S. Businesses: Prepared to Thwart Iran]On April 1, the White House stated on Tuesday that the U.S. military is prepared to thwart any attacks from Iran. This response comes after threats from the Iranian Islamic Revolutionary Guard Corps (IRGC) against American businesses in the Middle East. "The U.S. military has always been ready to deter any attacks from Iran, and the 90% decrease in the regime's ballistic missile and drone attacks is clear evidence of that," a White House official stated. Reports indicate that the IRGC announced earlier on Tuesday that it would take action against U.S.-owned businesses in the region starting April 1, as retaliation for attacks against Iran.

White House Responds to IRGC Threats Against U.S. Businesses: Prepared to Thwart Iran

On April 1, the World Large Enterprises Research Association, a U.S. research organization, released preliminary survey results on March 31. The results indicate that due to significant increases in oil prices driven by military actions by the U.S. and Israel against Iran, U.S. consumers' inflation expectations for 12 months ahead rose significantly in March. The survey data shows that the median inflation expectation for consumers in March was 5.2%, up from 4.5% in February, and is on par with data from May 2025. (Xinhua News Agency)

[World Large Enterprises Research Association: Significant Rise in U.S. Consumer Inflation Expectations in March]On April 1, the World Large Enterprises Research Association, a U.S. research organization, released preliminary survey results on March 31. The results indicate that due to significant increases in oil prices driven by military actions by the U.S. and Israel against Iran, U.S. consumers' inflation expectations for 12 months ahead rose significantly in March. The survey data shows that the median inflation expectation for consumers in March was 5.2%, up from 4.5% in February, and is on par with data from May 2025. (Xinhua News Agency)

World Large Enterprises Research Association: Significant Rise in U.S. Consumer Inflation Expectations in March

On April 1, around 6:20 PM local time on March 31, continuous explosions were heard in Bujumbura, the economic capital of Burundi. According to the Burundian Ministry of Interior and military sources, the explosions were caused by a fire at a military camp, which triggered an arms depot explosion. (Xinhua News Agency)

[Explosion at Arms Depot in Burundi's Economic Capital]On April 1, around 6:20 PM local time on March 31, continuous explosions were heard in Bujumbura, the economic capital of Burundi. According to the Burundian Ministry of Interior and military sources, the explosions were caused by a fire at a military camp, which triggered an arms depot explosion. (Xinhua News Agency)

Explosion at Arms Depot in Burundi's Economic Capital

On April 1, local time March 31, Iranian Foreign Minister Amir-Abdollahian stated that the current situation is "not negotiations," but rather an exchange of information through direct channels or "regional friends." Iran continues to receive messages from U.S. representative Witkoff, but this does not mean that negotiations have commenced; the exchanges are primarily for "warnings or exchanging views." He pointed out that Iran is not currently negotiating with any specific party, and the information exchange is coordinated by the Foreign Ministry under the supervision of security agencies, strictly advancing within an official framework under the oversight of the government and the Supreme National Security Council. Amir-Abdollahian emphasized that Iran has not responded to the 15 proposals put forth by the U.S. and has not made any proposals or conditions. Iran has yet to make a final decision on the principles of negotiation, but the conditions for ending the war are "very clear": Iran "will not agree to a ceasefire," but demands a "complete end to the war in the entire region."

[Iranian Foreign Minister: No Negotiations with the U.S., But Information Exchange Occurs]On April 1, local time March 31, Iranian Foreign Minister Amir-Abdollahian stated that the current situation is "not negotiations," but rather an exchange of information through direct channels or "regional friends." Iran continues to receive messages from U.S. representative Witkoff, but this does not mean that negotiations have commenced; the exchanges are primarily for "warnings or exchanging views." He pointed out that Iran is not currently negotiating with any specific party, and the information exchange is coordinated by the Foreign Ministry under the supervision of security agencies, strictly advancing within an official framework under the oversight of the government and the Supreme National Security Council. Amir-Abdollahian emphasized that Iran has not responded to the 15 proposals put forth by the U.S. and has not made any proposals or conditions. Iran has yet to make a final decision on the principles of negotiation, but the conditions for ending the war are "very clear": Iran "will not agree to a ceasefire," but demands a "complete end to the war in the entire region."

Iranian Foreign Minister: No Negotiations with the U.S., But Information Exchange Occurs

1. Federal Reserve raises base rate by 75 basis points to a range of 3.75%-4.00%;
2. Fed's FOMC Statement: Need to continue raising rates until they reach a sufficiently restrictive level;
3. India considers taxing crypto income from businesses headquartered elsewhere;
4. Fed Chairman Powell: Inflation still far above our target, determined to reduce inflation;
5. Meta’s Instagram Plans NFT Minting, Trading Tools;
6. OpenSea launches NFT theft prevention system;
7. BTC markets entering a new phase in potential accumulation season.

Detail

【Huobi Global Breaking News】1. Federal Reserve raises base rate by 75 basis points to a range of 3.75%-4.00%;
2. Fed's FOMC Statement: Need to continue raising rates until they reach a sufficiently restrictive level;
3. India considers taxing crypto income from businesses headquartered elsewhere;
4. Fed Chairman Powell: Inflation still far above our target, determined to reduce inflation;
5. Meta’s Instagram Plans NFT Minting, Trading Tools;
6. OpenSea launches NFT theft prevention system;
7. BTC markets entering a new phase in potential accumulation season.

Huobi Global Breaking News

Article

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Fed's Rate Hold Probability in April at 97.4%

Zelensky: Long-Term War in Iran Will Benefit Russia, Challenges Ahead for Ukraine's Weapon Supply

Iran's First Vice President Warns U.S.: Troops Sent to Khark Island Will Not Return

Iranian Parliament Approves Toll Bill for the Strait of Hormuz

Huobi Global Breaking News

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