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On April 29, according to a report by the Iranian Students' News Agency, the exchange rate of the Iranian rial against the US dollar has fallen to a historic low, currently exceeding 1 dollar to 1.81 million rials. The report states that on this day, the rial's exchange rate against the dollar accelerated its downward trend that began two days ago, dropping by more than 230,000 rials. It is reported that the conflict in Iran has lasted for 60 days, and while the domestic market remains relatively stable, the rial has still experienced significant depreciation. The main reason for the rial's depreciation is the increased domestic demand for major foreign currencies. The report also mentions that the rial is showing a depreciating trend against the euro, with the trading price on the 29th exceeding 1 euro to 2.08 million rials.

[Iranian Rial Exchange Rate Falls to Historic Low]On April 29, according to a report by the Iranian Students' News Agency, the exchange rate of the Iranian rial against the US dollar has fallen to a historic low, currently exceeding 1 dollar to 1.81 million rials. The report states that on this day, the rial's exchange rate against the dollar accelerated its downward trend that began two days ago, dropping by more than 230,000 rials. It is reported that the conflict in Iran has lasted for 60 days, and while the domestic market remains relatively stable, the rial has still experienced significant depreciation. The main reason for the rial's depreciation is the increased domestic demand for major foreign currencies. The report also mentions that the rial is showing a depreciating trend against the euro, with the trading price on the 29th exceeding 1 euro to 2.08 million rials.

Iranian Rial Exchange Rate Falls to Historic Low

On April 29, crude oil prices continued to climb, with WTI crude rising over 5% during the day, currently priced at $106.58 per barrel. Brent crude surpassed $109.10 per barrel for the first time since March 23, increasing by 4.90% during the day.

[U.S. Oil Rises Over 5%, Brent Oil Up 4.9%]On April 29, crude oil prices continued to climb, with WTI crude rising over 5% during the day, currently priced at $106.58 per barrel. Brent crude surpassed $109.10 per barrel for the first time since March 23, increasing by 4.90% during the day.

U.S. Oil Rises Over 5%, Brent Oil Up 4.9%

On April 29, the Ethereum Foundation announced its list of funding and ecosystem support projects for the first quarter of 2026, focusing on cryptography, zero-knowledge proofs (ZK), protocol security, and core infrastructure development, to continuously strengthen the Ethereum underlying technology stack and long-term scalability. This quarter's funding covers several key areas. At the protocol and client level, projects include optimizations for the Geth and Erigon clients, upgrades to the Lighthouse client, and the development of network monitoring tools following the Pectra upgrade, with an emphasis on improving network performance and resilience against attacks. Additionally, projects such as HSM key management, the Vero validator security tool, and the DISC-NG node discovery mechanism have also received support to enhance node-level reliability and institutional compliance capabilities. In the areas of cryptography and ZK, the Ethereum Foundation continues to invest in projects such as the analysis of the Poseidon hash function, research on Gröbner basis attacks, exploration of post-quantum and homomorphic encryption, and formal verification of RISC-V zkVM, further strengthening the security boundaries of zero-knowledge proofs and cryptographic infrastructure.

[Ethereum Foundation Releases Q1 Funding Project List: Continued Support for ZK, Cryptography, and Protocol Infrastructure]On April 29, the Ethereum Foundation announced its list of funding and ecosystem support projects for the first quarter of 2026, focusing on cryptography, zero-knowledge proofs (ZK), protocol security, and core infrastructure development, to continuously strengthen the Ethereum underlying technology stack and long-term scalability. This quarter's funding covers several key areas. At the protocol and client level, projects include optimizations for the Geth and Erigon clients, upgrades to the Lighthouse client, and the development of network monitoring tools following the Pectra upgrade, with an emphasis on improving network performance and resilience against attacks. Additionally, projects such as HSM key management, the Vero validator security tool, and the DISC-NG node discovery mechanism have also received support to enhance node-level reliability and institutional compliance capabilities. In the areas of cryptography and ZK, the Ethereum Foundation continues to invest in projects such as the analysis of the Poseidon hash function, research on Gröbner basis attacks, exploration of post-quantum and homomorphic encryption, and formal verification of RISC-V zkVM, further strengthening the security boundaries of zero-knowledge proofs and cryptographic infrastructure.

Ethereum Foundation Releases Q1 Funding Project List: Continued Support for ZK, Cryptography, and Protocol Infrastructure

On April 29, according to monitoring by @ai_9684xtpa, Sun Yuchen has withdrawn all 93.41 million USDT from the Spack USDT deposit pool. This amount previously accounted for 9.89% of the total value locked (TVL) in the USDT single pool. After being withdrawn half an hour ago, the entire amount has been recharged into HTX. It is noteworthy that Sun Yuchen also withdrew 10,417 USDC.

[Sun Yuchen Withdraws 93.41 Million USDT from Spack Deposit Pool to Recharge HTX]On April 29, according to monitoring by @ai_9684xtpa, Sun Yuchen has withdrawn all 93.41 million USDT from the Spack USDT deposit pool. This amount previously accounted for 9.89% of the total value locked (TVL) in the USDT single pool. After being withdrawn half an hour ago, the entire amount has been recharged into HTX. It is noteworthy that Sun Yuchen also withdrew 10,417 USDC.

Sun Yuchen Withdraws 93.41 Million USDT from Spack Deposit Pool to Recharge HTX

On April 29, the U.S. stock market opened with the Dow Jones up 0.04%, the S&P 500 down 0.07%, and the Nasdaq down 0.28%. NXP Semiconductors (NXPI.O) rose 21.7% on strong Q2 earnings guidance. Following this, ON Semiconductor (ON.O) increased by 6.4%, and Microchip Technology (MCHP.O) rose 4.8%. In the cryptocurrency sector, MSTR fell 1.80%; COIN dropped 6.98%, CRCL decreased by 2.48%; SBET was down 2.60%; and BMNR fell 1.91%.

[U.S. Stock Market Opens with Decline in Cryptocurrency Stocks, COIN Down 6.98%]On April 29, the U.S. stock market opened with the Dow Jones up 0.04%, the S&P 500 down 0.07%, and the Nasdaq down 0.28%. NXP Semiconductors (NXPI.O) rose 21.7% on strong Q2 earnings guidance. Following this, ON Semiconductor (ON.O) increased by 6.4%, and Microchip Technology (MCHP.O) rose 4.8%. In the cryptocurrency sector, MSTR fell 1.80%; COIN dropped 6.98%, CRCL decreased by 2.48%; SBET was down 2.60%; and BMNR fell 1.91%.

U.S. Stock Market Opens with Decline in Cryptocurrency Stocks, COIN Down 6.98%

On April 29, Alibaba Cloud announced that its large model service platform Baolian will reduce the billing unit price for the implicit cache of the DeepSeek-V4-Pro model to 1 yuan per million tokens, effective from 23:59:59 Beijing time on April 29, 2026. The implicit cache is only effective when a request hits the cache, with the input tokens that hit being charged at the cached_token rate; input tokens that do not hit the cache will still be charged at the standard input_token rate. This adjustment only affects the implicit cache portion, while the base inference price for the model remains unchanged.

[Alibaba Cloud Baolian Announces Price Reduction for DeepSeek-V4-Pro Model Implicit Cache]On April 29, Alibaba Cloud announced that its large model service platform Baolian will reduce the billing unit price for the implicit cache of the DeepSeek-V4-Pro model to 1 yuan per million tokens, effective from 23:59:59 Beijing time on April 29, 2026. The implicit cache is only effective when a request hits the cache, with the input tokens that hit being charged at the cached_token rate; input tokens that do not hit the cache will still be charged at the standard input_token rate. This adjustment only affects the implicit cache portion, while the base inference price for the model remains unchanged.

Alibaba Cloud Baolian Announces Price Reduction for DeepSeek-V4-Pro Model Implicit Cache

On April 29, WTI crude oil increased by 5% during the day, currently priced at $106.50 per barrel. Brent crude oil surpassed $109 per barrel for the first time since March 23, rising 4.90% during the day. (Jin Shi)

[U.S. Oil Rises 5%, Brent Oil Surpasses $109]On April 29, WTI crude oil increased by 5% during the day, currently priced at $106.50 per barrel. Brent crude oil surpassed $109 per barrel for the first time since March 23, rising 4.90% during the day. (Jin Shi)

U.S. Oil Rises 5%, Brent Oil Surpasses $109

On April 29, U.S. financial media Semafor reported that the Iran war will reach a critical 60-day mark for war powers this Friday (May 1). This has caused anxiety among Republican members of Congress, who are considering a significant public debate regarding Trump's war powers. Some Republicans are tired of the legislative branch taking a backseat to the executive branch and are beginning to discuss whether to formally authorize the war under the War Powers Act. Senator Mike Lee from Utah stated, 'This is a big deal. We are discussing how to respond. Congress must recognize its responsibilities.' Republicans are not likely to suddenly support a Democratic proposal to halt hostilities, but they believe Congress should not continue to stand by idly. One Republican senator remarked, 'Many people are starting to feel uneasy.' One piece of evidence is that four Republican senators proposed on Tuesday to cut tariffs on Moroccan fertilizers to address the price increase caused by the closure of the Strait of Hormuz. Senator Susan Collins from Maine emphasized, 'The 60 days is a trigger point; the War Powers Act requires Congress to authorize further military action.' The U.S. government has various ways to respond: initiating a 30-day withdrawal period to buy time (which could effectively extend the timeline to June), arguing that it does not need to comply with the legal provisions, or claiming that a ceasefire does not count against the 60-day limit.

[Analysis: Approaching 60-Day 'Legal Deadline' for Iran War, Republicans Plan to Discuss War Authorization]On April 29, U.S. financial media Semafor reported that the Iran war will reach a critical 60-day mark for war powers this Friday (May 1). This has caused anxiety among Republican members of Congress, who are considering a significant public debate regarding Trump's war powers. Some Republicans are tired of the legislative branch taking a backseat to the executive branch and are beginning to discuss whether to formally authorize the war under the War Powers Act. Senator Mike Lee from Utah stated, 'This is a big deal. We are discussing how to respond. Congress must recognize its responsibilities.' Republicans are not likely to suddenly support a Democratic proposal to halt hostilities, but they believe Congress should not continue to stand by idly. One Republican senator remarked, 'Many people are starting to feel uneasy.' One piece of evidence is that four Republican senators proposed on Tuesday to cut tariffs on Moroccan fertilizers to address the price increase caused by the closure of the Strait of Hormuz. Senator Susan Collins from Maine emphasized, 'The 60 days is a trigger point; the War Powers Act requires Congress to authorize further military action.' The U.S. government has various ways to respond: initiating a 30-day withdrawal period to buy time (which could effectively extend the timeline to June), arguing that it does not need to comply with the legal provisions, or claiming that a ceasefire does not count against the 60-day limit.

Analysis: Approaching 60-Day 'Legal Deadline' for Iran War, Republicans Plan to Discuss War Authorization

On April 29, Iranian state media Press TV reported that a senior Iranian security official stated that the U.S. is attempting to target Iran's oil exports by implementing a maritime blockade around the Strait of Hormuz, and Iran will respond with an 'unprecedented' military reaction. Earlier reports indicated that Trump had instructed aides to explore long-term maritime blockade options against Iran to further weaken its financial and energy export capabilities. Following this news, U.S. and Brent crude oil prices surged nearly 4% during the day. The market is concerned that escalating tensions in the Middle East could threaten the safety of key energy transport routes such as the Strait of Hormuz and the Bab el-Mandeb Strait, potentially driving global energy prices even higher.

[Iran Warns of Military Response to U.S. 'Maritime Blockade Plan', Oil Prices Surge]On April 29, Iranian state media Press TV reported that a senior Iranian security official stated that the U.S. is attempting to target Iran's oil exports by implementing a maritime blockade around the Strait of Hormuz, and Iran will respond with an 'unprecedented' military reaction. Earlier reports indicated that Trump had instructed aides to explore long-term maritime blockade options against Iran to further weaken its financial and energy export capabilities. Following this news, U.S. and Brent crude oil prices surged nearly 4% during the day. The market is concerned that escalating tensions in the Middle East could threaten the safety of key energy transport routes such as the Strait of Hormuz and the Bab el-Mandeb Strait, potentially driving global energy prices even higher.

Iran Warns of Military Response to U.S. 'Maritime Blockade Plan', Oil Prices Surge

On April 28, as negotiations between the U.S. and Iran remain stalled and transportation through the Strait of Hormuz is disrupted, international oil prices have strengthened again, with WTI crude returning to the $100 mark, and both WTI and Brent crude rising over 2% in a single day. According to the White House, President Trump and the national security team have reviewed Iran's latest proposal. Iran seeks to restart shipping through the Strait of Hormuz in exchange for the U.S. lifting port blockades and ceasing hostile actions, but Trump has stated that he will only consider easing sanctions once the agreement is '100% implemented.' Currently, the two sides have not reached an agreement. Tamas Varga, a senior analyst at PVM Oil Associates, warned that if the conflict continues for an extended period, it is 'not impossible' for oil prices to exceed $150. He pointed out that there is currently a lack of sufficient alternative energy to fill the supply gap, and if supply disruptions last longer, the losses in supply will outweigh the impacts of demand shrinkage. Andy Lipow, president of Lipow Oil Associates, also stated that even if the conflict ends immediately, it will take months to clear mines, alleviate tanker congestion, and restore production, predicting that the oil market will need at least 4 to 6 months to stabilize. Meanwhile, several Wall Street institutions have simultaneously downgraded their oil market recovery expectations. Goldman Sachs has pushed back the timeline for the recovery of Gulf energy exports to the end of June; Citigroup has projected that if the blockade of the Strait of Hormuz continues until the end of June, Brent crude prices could rise to $150 per barrel.

[Warning: Oil Prices May Surge to $150 if Hormuz Crisis Persists]On April 28, as negotiations between the U.S. and Iran remain stalled and transportation through the Strait of Hormuz is disrupted, international oil prices have strengthened again, with WTI crude returning to the $100 mark, and both WTI and Brent crude rising over 2% in a single day. According to the White House, President Trump and the national security team have reviewed Iran's latest proposal. Iran seeks to restart shipping through the Strait of Hormuz in exchange for the U.S. lifting port blockades and ceasing hostile actions, but Trump has stated that he will only consider easing sanctions once the agreement is '100% implemented.' Currently, the two sides have not reached an agreement. Tamas Varga, a senior analyst at PVM Oil Associates, warned that if the conflict continues for an extended period, it is 'not impossible' for oil prices to exceed $150. He pointed out that there is currently a lack of sufficient alternative energy to fill the supply gap, and if supply disruptions last longer, the losses in supply will outweigh the impacts of demand shrinkage. Andy Lipow, president of Lipow Oil Associates, also stated that even if the conflict ends immediately, it will take months to clear mines, alleviate tanker congestion, and restore production, predicting that the oil market will need at least 4 to 6 months to stabilize. Meanwhile, several Wall Street institutions have simultaneously downgraded their oil market recovery expectations. Goldman Sachs has pushed back the timeline for the recovery of Gulf energy exports to the end of June; Citigroup has projected that if the blockade of the Strait of Hormuz continues until the end of June, Brent crude prices could rise to $150 per barrel.

Warning: Oil Prices May Surge to $150 if Hormuz Crisis Persists

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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