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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

On April 12, MiniMax announced that MiniMax M2.7 has officially been open-sourced. The model has achieved state-of-the-art (SOTA) performance on benchmark tests such as SWE-Pro (56.22%) and Terminal Bench 2 (57.0%). Users can now access the model on Hugging Face. MiniMax-M2.7 is the first model to deeply engage in its own evolutionary process. M2.7 is capable of building complex agent frameworks and utilizes agent teams, complex skills, and dynamic tool search capabilities to complete highly complex productivity tasks.

[MiniMax Announces Official Open Source Release of M2.7]On April 12, MiniMax announced that MiniMax M2.7 has officially been open-sourced. The model has achieved state-of-the-art (SOTA) performance on benchmark tests such as SWE-Pro (56.22%) and Terminal Bench 2 (57.0%). Users can now access the model on Hugging Face. MiniMax-M2.7 is the first model to deeply engage in its own evolutionary process. M2.7 is capable of building complex agent frameworks and utilizes agent teams, complex skills, and dynamic tool search capabilities to complete highly complex productivity tasks.

MiniMax Announces Official Open Source Release of M2.7

Bitcoin Fear and Greed Index is 16. Extreme Fear.
Current Price: $71717.27.

[Bitcoin Fear and Greed Index is 16]Bitcoin Fear and Greed Index is 16. Extreme Fear.
Current Price: $71717.27.

Bitcoin Fear and Greed Index is 16

based Surges 10.10% in 24H, Currently at 0.05793 USDT

【based currently trades at 0.05793 USDT, up 10.10% in 24h, according to HTX market data.】based Surges 10.10% in 24H, Currently at 0.05793 USDT

based currently trades at 0.05793 USDT, up 10.10% in 24h, according to HTX market data.

On April 12, Trump shared an article title on Truth Social stating: 'If Iran does not yield, Trump's 'trump card' is a naval blockade.' The article pointed out that if Iran refuses to accept the final agreement proposed by the U.S. on Saturday, Trump may follow through on his previous threat to 'bomb Tehran back to the Stone Age'; alternatively, he may replicate the strategy used in Venezuela by implementing a naval blockade to cut off Iran's economic lifeline.

[Trump Hints at Possible 'Naval Blockade' Against Iran]On April 12, Trump shared an article title on Truth Social stating: 'If Iran does not yield, Trump's 'trump card' is a naval blockade.' The article pointed out that if Iran refuses to accept the final agreement proposed by the U.S. on Saturday, Trump may follow through on his previous threat to 'bomb Tehran back to the Stone Age'; alternatively, he may replicate the strategy used in Venezuela by implementing a naval blockade to cut off Iran's economic lifeline.

Trump Hints at Possible 'Naval Blockade' Against Iran

On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue engagement. (Xinhua News Agency)

[Israel Assesses Possibility of Extended US-Iran Ceasefire]On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue engagement. (Xinhua News Agency)

Israel Assesses Possibility of Extended US-Iran Ceasefire

On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue their engagement. (Xinhua News Agency)

[Israel Assesses Possibility of Extended US-Iran Ceasefire]On April 12, Israeli media reported that after negotiations between the United States and Iran failed to reach an agreement, Israel assesses that the US-Iran ceasefire may be extended to allow both sides to continue their engagement. (Xinhua News Agency)

On April 12, following a brief period of ceasefire, the situation in the Middle East took a sharp turn over the weekend. The 21-hour negotiations between the US and Iran ended without an agreement, as Iran rejected the US's proposed clause of 'no development of nuclear weapons.' US Vice President Vance announced the end of the dialogue but left room for interpretation. The two-week pause on attacks announced by Trump is nearing its end, with unclear next steps. Meanwhile, a US destroyer claimed to have completed its first post-war passage through the Strait of Hormuz, which Iran officially denied, indicating that the information warfare between the two sides continues. Next week, geopolitical factors will once again dominate market sentiment, with every piece of news regarding the Strait of Hormuz potentially triggering asset price movements. In addition to geopolitical issues, the macroeconomic calendar next week will focus on two main clues: first, a series of statements from Federal Reserve officials coinciding with the release of the Beige Book, providing policy signals to the market; second, the US March PPI, to be released on Tuesday, will be a key data point for measuring the extent to which energy price shocks are transmitted to production costs. Additionally, banking giants such as Goldman Sachs, JPMorgan Chase, and Citigroup will officially kick off the first quarter earnings season. Key event timings are as follows: Tuesday at 20:30, US March PPI year-on-year and month-on-month; Wednesday at 00:15, 2027 FOMC voting member and Chicago Fed President Goolsbee participates in a panel discussion at the Semafor World Economic Conference; Wednesday at 00:45, Fed Governor Barr delivers opening remarks at a working forum; Wednesday at 01:00, Philadelphia Fed President Harker, Richmond Fed President Barkin, Boston Fed President Collins, and Governor Barr participate in a fireside chat; Thursday at 01:40, Fed Governor Bowman speaks; Thursday at 02:00, the Fed releases the Beige Book on economic conditions; Thursday at 20:30, US initial jobless claims for the week ending April 11 and the April Philadelphia Fed manufacturing index; Thursday at 20:35, FOMC permanent voting member and New York Fed President Williams speaks; Thursday TBD, the European Central Bank releases the minutes from the March 19 monetary policy meeting, and the G20 finance ministers and central bank governors meeting takes place. The March PPI data to be released by the US on Tuesday will be the first key report quantifying the extent to which the energy price shocks from the Middle East conflict penetrate upstream production costs. Commerzbank economists have clearly warned that the transmission effect of energy prices on non-energy goods 'may change quickly,' and if the PPI exceeds expectations, it will further compress the Fed's rate cut window—currently, the market has almost ruled out the possibility of rate cuts this year. Next week, US stocks will officially enter the first quarter earnings season for 2026, with major banks like Goldman Sachs and JPMorgan Chase reporting their results first, followed by tech giants such as TSMC, ASML, and Netflix releasing their data in succession. This earnings season is seen as a critical window for testing corporate profit resilience, the sustainability of AI demand, and the impact of the macroeconomic environment.

[Macroeconomic Outlook for Next Week: Geopolitical Risks Resurface as US-Iran Negotiations Fail, Fed Officials Speak Out]On April 12, following a brief period of ceasefire, the situation in the Middle East took a sharp turn over the weekend. The 21-hour negotiations between the US and Iran ended without an agreement, as Iran rejected the US's proposed clause of 'no development of nuclear weapons.' US Vice President Vance announced the end of the dialogue but left room for interpretation. The two-week pause on attacks announced by Trump is nearing its end, with unclear next steps. Meanwhile, a US destroyer claimed to have completed its first post-war passage through the Strait of Hormuz, which Iran officially denied, indicating that the information warfare between the two sides continues. Next week, geopolitical factors will once again dominate market sentiment, with every piece of news regarding the Strait of Hormuz potentially triggering asset price movements. In addition to geopolitical issues, the macroeconomic calendar next week will focus on two main clues: first, a series of statements from Federal Reserve officials coinciding with the release of the Beige Book, providing policy signals to the market; second, the US March PPI, to be released on Tuesday, will be a key data point for measuring the extent to which energy price shocks are transmitted to production costs. Additionally, banking giants such as Goldman Sachs, JPMorgan Chase, and Citigroup will officially kick off the first quarter earnings season. Key event timings are as follows: Tuesday at 20:30, US March PPI year-on-year and month-on-month; Wednesday at 00:15, 2027 FOMC voting member and Chicago Fed President Goolsbee participates in a panel discussion at the Semafor World Economic Conference; Wednesday at 00:45, Fed Governor Barr delivers opening remarks at a working forum; Wednesday at 01:00, Philadelphia Fed President Harker, Richmond Fed President Barkin, Boston Fed President Collins, and Governor Barr participate in a fireside chat; Thursday at 01:40, Fed Governor Bowman speaks; Thursday at 02:00, the Fed releases the Beige Book on economic conditions; Thursday at 20:30, US initial jobless claims for the week ending April 11 and the April Philadelphia Fed manufacturing index; Thursday at 20:35, FOMC permanent voting member and New York Fed President Williams speaks; Thursday TBD, the European Central Bank releases the minutes from the March 19 monetary policy meeting, and the G20 finance ministers and central bank governors meeting takes place. The March PPI data to be released by the US on Tuesday will be the first key report quantifying the extent to which the energy price shocks from the Middle East conflict penetrate upstream production costs. Commerzbank economists have clearly warned that the transmission effect of energy prices on non-energy goods 'may change quickly,' and if the PPI exceeds expectations, it will further compress the Fed's rate cut window—currently, the market has almost ruled out the possibility of rate cuts this year. Next week, US stocks will officially enter the first quarter earnings season for 2026, with major banks like Goldman Sachs and JPMorgan Chase reporting their results first, followed by tech giants such as TSMC, ASML, and Netflix releasing their data in succession. This earnings season is seen as a critical window for testing corporate profit resilience, the sustainability of AI demand, and the impact of the macroeconomic environment.

Macroeconomic Outlook for Next Week: Geopolitical Risks Resurface as US-Iran Negotiations Fail, Fed Officials Speak Out

On April 12, U.S. President Trump shared an article titled 'If Iran Does Not Compromise, the President Holds the “Trump Card”: Naval Blockade' and reposted the title. The article states, 'If Iran refuses to accept the final agreement proposed by the U.S. on Saturday, Trump could choose to bomb Iran back to the “Stone Age” as he has vowed. Alternatively, he may once again adopt the (naval) blockade strategy that was previously successful in Venezuela.'

[Iran Negotiations Face Uncertainty as Trump Hints at 'Naval Blockade' Measures]On April 12, U.S. President Trump shared an article titled 'If Iran Does Not Compromise, the President Holds the “Trump Card”: Naval Blockade' and reposted the title. The article states, 'If Iran refuses to accept the final agreement proposed by the U.S. on Saturday, Trump could choose to bomb Iran back to the “Stone Age” as he has vowed. Alternatively, he may once again adopt the (naval) blockade strategy that was previously successful in Venezuela.'

Iran Negotiations Face Uncertainty as Trump Hints at 'Naval Blockade' Measures

In a recent interview with Punk6529, Garga, co-founder of Bored Ape Yacht Club, shared his thoughts on the metaverse, saying that Facebook is more focused on hardware, while Yuga Labs (BAYC's parent company) is more focused on social spaces. Garga explained, "Our vision for the metaverse is a space for people to engage socially, and we want to spend our time in the digital space. I think that when we have a metaverse space that we can embrace ...... a lot of potential and experience opens up to build the metaverse on the blockchain and it's inherently better to do that and that's where Yuga Labs can compete with other giants." In addition, Garga revealed that the Otherside metaverse "Persistent World" will arrive in 2023, but it will be a long-lasting process with many experiences, but does not expect Otherside to be "like any Web2 game".

Detail

【BAYC Co-Creator: Facebook Focuses on Hardware, Yuga Labs on Social, Otherside to Launch in 2023】In a recent interview with Punk6529, Garga, co-founder of Bored Ape Yacht Club, shared his thoughts on the metaverse, saying that Facebook is more focused on hardware, while Yuga Labs (BAYC's parent company) is more focused on social spaces. Garga explained, "Our vision for the metaverse is a space for people to engage socially, and we want to spend our time in the digital space. I think that when we have a metaverse space that we can embrace ...... a lot of potential and experience opens up to build the metaverse on the blockchain and it's inherently better to do that and that's where Yuga Labs can compete with other giants." In addition, Garga revealed that the Otherside metaverse "Persistent World" will arrive in 2023, but it will be a long-lasting process with many experiences, but does not expect Otherside to be "like any Web2 game".

BAYC Co-Creator: Facebook Focuses on Hardware, Yuga Labs on Social, Otherside to Launch in 2023

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Bitcoin Fear and Greed Index is 15

BAYC Co-Creator: Facebook Focuses on Hardware, Yuga Labs on Social, Otherside to Launch in 2023

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