Crypto Macro News and Global Policy Updates

Gate News, April 2—International oil prices surged sharply during the day. The gain in Brent crude (the international oil price benchmark) widened to 7%, trading at $105.79 per barrel; WTI crude (the U.S. oil benchmark) rose 6.6%.

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Bitcoin and major cryptocurrencies fell sharply after Trump's address threatened escalated military action against Iran, reversing a previous rally. The ongoing conflict continues to create volatility in the market. Despite historical April gains, optimism is tempered by geopolitical tensions.

Moody's has issued its first rating for a Bitcoin-backed bond, giving it a provisional Ba2 rating. The bond, linked to Bitcoin collateral and issued via New Hampshire, supports CleanSpark, a Bitcoin mining company. This innovative structure blends crypto assets with traditional financing, but carries risks due to Bitcoin's volatility.

On April 1, the U.S. spot Ethereum ETF saw a net outflow of $7.02 million, with BlackRock and Fidelity being the main outflow sources, while Grayscale ETHE and other parts of the products pulled in inflows against the trend.

Driven by the impact of Trump’s hardline remarks toward Iran, the crypto market weakened, with Bitcoin and Ethereum falling to $66,609 and $2,056, respectively. Market panic sentiment intensified, and the Fear & Greed Index dropped to 8. War risk pushed energy prices up, suppressing the valuations of risk assets, and in the short term volatility in crypto assets could increase.

On April 1, Bitcoin spot ETFs had total net outflows of $174 million, Grayscale’s Bitcoin Mini Trust ETF had net inflows of $10.25 million, and BlackRock ETFs had net outflows of $86.52 million. The total net asset value of Bitcoin spot ETFs was $87.71 billion, with historical net inflows of $55.95 billion.

Trump recently said he would launch a fierce attack on Iran within the next few weeks. The market reacted strongly: the dollar rose while Asian stock markets fell. Nomura Securities warned that Asian currencies could weaken and that the risk of central bank intervention was increasing. Iran also countered Trump’s remarks, but they failed to ease tensions, and there has been no concrete commitment on the proposal to reopen the Strait of Hormuz. The United Kingdom plans to hold a diplomatic meeting to further negotiate.

U.S. President Trump threatened in a speech to launch even harsher strikes against Iran. The market reacted sharply: Bitcoin and the stock market fell significantly, and oil prices surged. Iran has no intention of backing down and is pushing for legislation on permanent tolls, showing that tensions between the two countries have not eased. The market believes a ceasefire cannot be achieved quickly.

The Russian government has submitted a bill to impose the maximum 2,000,000 ruble fines and up to 5 years in prison for illegal cryptocurrency mining. Of the roughly 50,000 miners nationwide, only 1,500 have registered; the ban has been expanded to 13 regions, and the prohibition will remain in effect until 2031.

Gate News: According to the latest Gate TradFi data, AUDUSD (AUD/USD) has dropped by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Trump expressed optimism in his speech about Iran’s military actions, saying the Strait of Hormuz will be “naturally open,” but he did not provide a specific plan, leading markets to sell off. Iran, in turn, made no concessions and plans to pass legislation to collect transit fees, further increasing uncertainty. The market reaction shows that risk assets underwent broad repricing.

Bitcoin and ether exchange-traded funds (ETFs) extended their rebound with a second consecutive day of inflows. Activity in XRP and solana ETFs remained absent, reflecting fading short-term interest. Second Straight Day of Strong Inflows for Bitcoin and Ether ETFs Momentum is building again.

Taiwan should reconsider adopting Bitcoin as a reserve asset to hedge against global turmoil and the risk of war, according to a research fellow at the Bitcoin Policy Institute. In a report on Tuesday, Jacob Langenkamp said that should China pursue reunification with Taiwan by military force

SpaceX, owned by Elon Musk, has submitted an IPO application to the U.S. Securities and Exchange Commission, with plans to complete the listing in June 2026. The deal targets raising $75 billion, setting a record for the largest IPO in the United States. This IPO will use a dual-class share structure, offering 30% of the shares to retail investors, with the five largest investment banks on Wall Street underwriting the rest. In addition, SpaceX’s valuation is $1.75 trillion, which would place it among the top ten by market cap globally. The company also holds 8,285 Bitcoins, which could affect its IPO performance.

Taiwan is advised to consider Bitcoin as a key reserve asset amidst rising geopolitical tensions, viewing it as a financial defense strategy that provides liquidity beyond traditional systems during potential conflict scenarios.

Crude oil rose to over $100 a barrel while Bitcoin fell 2% after a national address by US President Donald Trump on the conflict in Iran, where he vowed to hit Iran "extremely hard" over the next few weeks.  Speaking at the White House on Wednesday during an address to the nation, Trump said the US

Gate News reports that on April 2, Anna, the founder of stablecoin infrastructure company Perena, issued a statement confirming that its three products—Perena USD, USD-J, and USD-P—were not affected by the Drift attack incident. However, the JLP vault managed by Neutral Trade, a platform sharing quantitative strategies within the Solana ecosystem, is running on Drift, which may pose certain risks or implications.

On April 2, Paul Grewal, the Chief Legal Officer of a certain CEX, said in an interview that the debate over stablecoin yield in the United States’ soon-to-be released “CLEAR Act” is nearing an agreement. He emphasized that although there are disagreements, all parties recognize that other elements of the bill are just as important, and he is optimistic about the bill’s prospects. Grewal opposed conflating the issue of stablecoin yield with challenges facing the banking industry. The CEX and its CEO previously opposed a proposal to limit stablecoin rewards, saying it would harm innovation and consumers’ interests.

Trump said in a speech that the U.S.-Iran war will end within 2 to 3 weeks, and called it an investment in future generations, but oil prices still surged to $105 per barrel. Experts questioned the lack of a clear exit plan, making it difficult to ease the global energy crisis. The conflict in the Middle East continues to escalate, and all sides are anxious. Pakistan is actively mediating the U.S.-Iran conflict, while Israel finds itself in a difficult situation amid ongoing military operations.