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On April 13, Morgan Stanley strategists stated that the accelerating growth in corporate earnings is providing protection for the S&P 500 index, preventing it from experiencing a deeper decline, while also masking a broader pullback in the U.S. stock market. The team, led by Michael Wilson, pointed out that the resilience in earnings performance, coupled with a sustained economic recovery, is the reason the S&P 500 index has declined less than 10% since reaching record highs in January. They believe that beneath the surface, the stock market is showing signs of being in the 'final stage' of adjustment. They noted that there are better indicators to assess the pullback in U.S. stocks: the price-to-earnings ratio of the S&P 500 has fallen 18% from its peak last October, while over half of the stocks in the Russell 3000 index have declined by at least 20%.

[Morgan Stanley: U.S. Stocks in Final Stage of Adjustment, Investors Should Prepare to Increase Risk Exposure]On April 13, Morgan Stanley strategists stated that the accelerating growth in corporate earnings is providing protection for the S&P 500 index, preventing it from experiencing a deeper decline, while also masking a broader pullback in the U.S. stock market. The team, led by Michael Wilson, pointed out that the resilience in earnings performance, coupled with a sustained economic recovery, is the reason the S&P 500 index has declined less than 10% since reaching record highs in January. They believe that beneath the surface, the stock market is showing signs of being in the 'final stage' of adjustment. They noted that there are better indicators to assess the pullback in U.S. stocks: the price-to-earnings ratio of the S&P 500 has fallen 18% from its peak last October, while over half of the stocks in the Russell 3000 index have declined by at least 20%.

Morgan Stanley: U.S. Stocks in Final Stage of Adjustment, Investors Should Prepare to Increase Risk Exposure

On April 13, according to a prior announcement by President Trump, the blockade order by the US military against Iranian ports took effect at 10 AM Eastern Time (10 PM Beijing Time) on the 13th. (Xinhua News Agency)

[US Military's Port Blockade Against Iran Takes Effect]On April 13, according to a prior announcement by President Trump, the blockade order by the US military against Iranian ports took effect at 10 AM Eastern Time (10 PM Beijing Time) on the 13th. (Xinhua News Agency)

US Military's Port Blockade Against Iran Takes Effect

On April 13, blockchain interoperability protocol Hyperbridge disclosed details of the previous DOT attack incident, resulting in a loss of approximately $237,000. The root of the vulnerability lies in the HandlerV1 contract's VerifyProof() function, which lacks input validation and does not verify the leaf_index as represented by Hyperbridge. The team is currently working with security partners to trace the funds, and cross-chain functionality will remain suspended until the investigation is complete.

[Hyperbridge: Vulnerability in Attack Incident Originates from Flaw in Merkle Proof Verification Logic]On April 13, blockchain interoperability protocol Hyperbridge disclosed details of the previous DOT attack incident, resulting in a loss of approximately $237,000. The root of the vulnerability lies in the HandlerV1 contract's VerifyProof() function, which lacks input validation and does not verify the leaf_index as represented by Hyperbridge. The team is currently working with security partners to trace the funds, and cross-chain functionality will remain suspended until the investigation is complete.

Hyperbridge: Vulnerability in Attack Incident Originates from Flaw in Merkle Proof Verification Logic

The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets has issued a staff statement providing guidance on whether certain user interfaces used to generate trading instructions for crypto asset securities (Covered User Interfaces) need to register as brokers. The statement indicates that, under specific conditions, providers of such interfaces may be exempt from registering as broker-dealers under Section 15 of the Securities Exchange Act. These conditions include: not actively soliciting specific trades, not providing investment advice, not controlling or executing trades, generating trading instructions solely based on objective parameters, and fully disclosing fee structures, potential conflicts of interest, and associated risks to users. The SEC emphasizes that these interfaces typically exist in the form of websites, browser plugins, or wallet applications, converting user-defined trading parameters into on-chain executable instructions while also providing market data such as prices, paths, and fees. This exemption does not apply to activities such as trade matching, fund custody, order routing, or providing investment advice. The guidance is a temporary opinion and will automatically expire five years from April 13, 2026, unless further action is taken, aiming to provide a clearer regulatory framework for activities related to crypto asset securities while continuously soliciting market feedback.

[SEC Clarifies Regulatory Boundaries for Crypto Trading Interfaces: Broker License Exemption in Specific Scenarios]The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets has issued a staff statement providing guidance on whether certain user interfaces used to generate trading instructions for crypto asset securities (Covered User Interfaces) need to register as brokers. The statement indicates that, under specific conditions, providers of such interfaces may be exempt from registering as broker-dealers under Section 15 of the Securities Exchange Act. These conditions include: not actively soliciting specific trades, not providing investment advice, not controlling or executing trades, generating trading instructions solely based on objective parameters, and fully disclosing fee structures, potential conflicts of interest, and associated risks to users. The SEC emphasizes that these interfaces typically exist in the form of websites, browser plugins, or wallet applications, converting user-defined trading parameters into on-chain executable instructions while also providing market data such as prices, paths, and fees. This exemption does not apply to activities such as trade matching, fund custody, order routing, or providing investment advice. The guidance is a temporary opinion and will automatically expire five years from April 13, 2026, unless further action is taken, aiming to provide a clearer regulatory framework for activities related to crypto asset securities while continuously soliciting market feedback.

SEC Clarifies Regulatory Boundaries for Crypto Trading Interfaces: Broker License Exemption in Specific Scenarios

On April 13, U.S. stock market indices opened lower across the board, with the Dow Jones Industrial Average down 0.51%, the Nasdaq down 0.24%, and the S&P 500 down 0.22%.

[U.S. Stock Market Opens Lower Across the Board]On April 13, U.S. stock market indices opened lower across the board, with the Dow Jones Industrial Average down 0.51%, the Nasdaq down 0.24%, and the S&P 500 down 0.22%.

U.S. Stock Market Opens Lower Across the Board

On April 13, blockchain interoperability protocol Hyperbridge disclosed details of a previous attack incident involving DOT, resulting in a loss of approximately $237,000. The root of the vulnerability lies in the HandlerV1 contract's VerifyProof() function, which lacked input validation and did not check for leaf_index < leafCount, allowing attackers to forge Merkle proofs. This enabled the attacker to gain administrative access to the Ethereum bridge DOT token contract, subsequently minting 1 billion bridge DOT tokens (2800 times the legitimate circulation of approximately 356,000 tokens) and cashing out on decentralized exchanges. Hyperbridge stated that it is currently working with security partners to trace the funds, and cross-chain functionality will remain suspended until the investigation is completed.

[Hyperbridge: Attack Incident Caused by Flaw in Merkle Proof Verification Logic]On April 13, blockchain interoperability protocol Hyperbridge disclosed details of a previous attack incident involving DOT, resulting in a loss of approximately $237,000. The root of the vulnerability lies in the HandlerV1 contract's VerifyProof() function, which lacked input validation and did not check for leaf_index < leafCount, allowing attackers to forge Merkle proofs. This enabled the attacker to gain administrative access to the Ethereum bridge DOT token contract, subsequently minting 1 billion bridge DOT tokens (2800 times the legitimate circulation of approximately 356,000 tokens) and cashing out on decentralized exchanges. Hyperbridge stated that it is currently working with security partners to trace the funds, and cross-chain functionality will remain suspended until the investigation is completed.

Hyperbridge: Attack Incident Caused by Flaw in Merkle Proof Verification Logic

On April 13, the UK Maritime Trade Operations Office announced that entry restrictions will be implemented at Iranian ports, effective from 14:00 UTC on April 13 (22:00 Beijing time). The restrictions will cover the Arabian Gulf, the Gulf of Oman, and the Arabian Sea east of the Strait of Hormuz.

[UK Maritime Trade Operations Office: Entry Restrictions at Iranian Ports]On April 13, the UK Maritime Trade Operations Office announced that entry restrictions will be implemented at Iranian ports, effective from 14:00 UTC on April 13 (22:00 Beijing time). The restrictions will cover the Arabian Gulf, the Gulf of Oman, and the Arabian Sea east of the Strait of Hormuz.

UK Maritime Trade Operations Office: Entry Restrictions at Iranian Ports

HTX data showed that TRX fell below 0.32  USDT and is now at 0.319999 USDT, with a decrease of 0.62% in 24H.

[TRX fell below 0.32  USDT] HTX data showed that TRX fell below 0.32  USDT and is now at 0.319999 USDT, with a decrease of 0.62% in 24H.

TRX fell below 0.32  USDT

On April 13, Pakistan's Defense Minister Asif stated in an interview that the prospect of resuming negotiations between the US and Iran still exists, and a new round of talks will begin soon.

[Pakistan's Defense Minister: New Round of US-Iran Talks to Begin Soon]On April 13, Pakistan's Defense Minister Asif stated in an interview that the prospect of resuming negotiations between the US and Iran still exists, and a new round of talks will begin soon.

Pakistan's Defense Minister: New Round of US-Iran Talks to Begin Soon

10月8日消息，Solana生态流动性协议Meteora公布MET代币经济学，48%总供应量将在TGE时流通。根据Meteora计划，20%的代币分配给Mercurial质押者，15%分配给Meteora用户（通过LP刺激计划），3%分配给Launchpads与Launchpool生态，2%分配给链下贡献者，3%分配给Jupiter质押刺激计划，3%分配给中心化交易平台、做市商等，2%分配给M3M3质押者。剩余部分中，18%分配给团队，6年线性归属，34%分配给Meteora储备，同样线性归属6年。

【Meteora公布MET代币经济学：48%的供应量将在TGE时流通】10月8日消息，Solana生态流动性协议Meteora公布MET代币经济学，48%总供应量将在TGE时流通。根据Meteora计划，20%的代币分配给Mercurial质押者，15%分配给Meteora用户（通过LP刺激计划），3%分配给Launchpads与Launchpool生态，2%分配给链下贡献者，3%分配给Jupiter质押刺激计划，3%分配给中心化交易平台、做市商等，2%分配给M3M3质押者。剩余部分中，18%分配给团队，6年线性归属，34%分配给Meteora储备，同样线性归属6年。

Meteora公布MET代币经济学：48%的供应量将在TGE时流通

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Meteora公布MET代币经济学：48%的供应量将在TGE时流通

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