Global Markets

Michael Burry’s warning siren in the crypto market..."Collateral liquidation vicious cycle" is coming

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

U.S. spot Bitcoin ETF markets have recently seen outflows, with net redemptions of $173.73 million in a single day. These were mainly driven by BlackRock and Fidelity’s two major funds. At the same time, Ethereum ETFs have also experienced mixed outflows, suggesting that capital is rotating among different products. Market sentiment remains uncertain, influenced by geopolitics and policy; meanwhile, institutions’ ongoing accumulation appetite has stayed weak.

Gate News message, April 3, according to monitoring by BitcoinTreasuries.NET, the UK-listed company Satsuma Technology bought 25.65 BTC, bringing its total holdings to 645.7 BTC.

Gate News消息，April 3, according to Trader T’s monitoring, yesterday (April 2) spot Bitcoin ETFs saw net inflows of $9.02 million. Among them, Fidelity FBTC recorded inflows of $7.29 million, VanEck HODL recorded inflows of $4.74 million, BlackRock IBIT recorded outflows of $3.01 million, and the remaining ETFs had no capital movement that day.

Decentralized exchange Hyperliquid’s market share rose from 3.5% to nearly 6% within a year, showing that it grew against the trend in a shrinking market and captured real trading activity. The platform not only focuses on crypto assets, but has also expanded to around-the-clock trading in non-crypto commodities such as oil, offering advantages over the structural shortcomings of traditional exchanges and attracting institutional traders who need precise risk management.

The Arizona House Rules Committee unanimously passed the SB1649 bill, establishing a Digital Assets Strategic Reserve Fund that puts digital assets such as XRP under the management of the Department of the Treasury, and allows revenue to be generated through methods such as staking. If the bill passes, it will become the first U.S. state to officially recognize XRP as a fiscal reserve asset. XRP is currently trading at $1.28 and faces challenges from technical support and resistance.

The 2025/26 Premier League season will be the last year that betting brands appear on the front of club shirts. All 11 clubs have confirmed that they will remove these sponsors starting from the 2026/27 season. This move stems from a voluntary ban, and the UK government is also planning legislation to comprehensively prohibit unlicensed betting sponsorships, with the impact mainly concentrated among mid-to-lower-tier clubs. Potential replacement sponsors are expected to come from cryptocurrency and fintech brands, indicating changes in the sponsorship market going forward.

A report from the International Monetary Fund states that tokenized finance is a structural shift in the global financial system and highlights its risks, including liquidity crises, smart contract vulnerabilities, and procyclical effects. At present, tokenized assets are mainly driven by U.S. Treasury bonds, indicating institutional investors' demand for fixed-income products. However, fragmentation of tokenization platforms and regulatory challenges could affect financial stability. The report warns that if the pace of innovation outstrips regulatory capacity, risks will accumulate.

Bitcoin (BTC) gives back this week’s gains, temporarily trading at around $66,780 on April 3. Bitcoin miner MARA cut 15% of its workforce, shifting its strategy toward energy and digital infrastructure. Blockchain analytics firm Elliptic says North Korean hackers may exploit a vulnerability in the Drift Protocol to profit $286 million.

As of April 2, the U.S. XRP spot ETF had a total net inflow of $646,000 in a single day, with the Bitwise XRP ETF seeing a net inflow of $1.3138 million, for total net inflows reaching $378 million. The Canary XRP ETF had a net outflow of $1.2492 million in a single day, with total net inflows reaching $420 million. The total assets net asset value of the XRP spot ETF is $917 million.

On April 3, precious metal prices fell, with gold and silver dropping 1.72% and 2.81%, respectively. The volatility index dipped slightly, and most of the foreign exchange market remained flat. European stock indexes were broadly lower, except for the UK FTSE 100, which rose slightly. Meanwhile, oil prices surged significantly, with WTI up 13.01% and Brent up 8.09%.

According to SoSoValue data, on April 2, the SOL spot ETF recorded a net inflow of $9.329 million for the day, all of which came from the Fidelity Solana Fund ETF. Its current total net asset value is $771 million, and its historical cumulative net inflows have already reached $980 million.

Trump, in a speech on April 2, warned Iran, causing market risk sentiment to contract sharply; Bitcoin fell by about 4%, hitting a low of $65,789. Rising oil prices and a strengthening dollar index intensified macro pressure, further impacting the market. From a technical perspective, Bitcoin may face a key support level at $64,000.

Gate News update, April 3, the Nikkei 225 index (Japan’s stock market benchmark) opened up 615.75 points, a gain of 1.17%, to 53,079.02 points. The Korea KOSPI index (South Korea’s stock market benchmark) opened up 145.0 points, a gain of 2.77%, to 5,379.05 points.

SpaceX has raised its target valuation for its first public offering (IPO) to $200 billion, exceeding most S&P 500 companies. The company plans to meet with potential investors in the coming weeks to share information supporting that valuation.

Gate News: According to the latest Gate TradFi data, JPN225 (Nikkei 225) has dropped by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

A recent report from Bitcoin Think Tank recommends that Taiwan allocate 1–5% of its foreign exchange reserves to Bitcoin to address geopolitical and economic risks. Although the Central Bank of Taiwan previously refused to do so due to high volatility and regulatory risk, the report argues that Bitcoin could increase the flexibility and resilience of Taiwan’s reserves, giving Taiwan more options when facing uncertainty.

Several crypto assets declined on Friday after Donald Trump’s speech triggered panic across global markets. Defying expectations for restraint, Trump outlined plans for potential military action against Iran over

Iranian crude oil saw a premium over Brent for the first time after the United States eased sanctions, with the premium coming in at about $1 per barrel. By controlling the Strait of Hormuz and constraining global supply, Iran increased the value of its crude oil and improved its position in the market.