Each digital asset we list is regularly reviewed for quality assurance to ensure it adheres to our platform standards.&nbsp;
In addition to the security and stability of the digital asset’s network, we consider numerous other factors in our evaluation process, including:
<ul>
<li>
Trading volume and liquidity
</li>
<li>
Team involvement in the project
</li>
<li>
Development of the project
</li>
<li>
Network or smart contract stability
</li>
<li>
Activeness of the community
</li>
<li>
Responsiveness of the project&nbsp;
</li>
<li>
Negligence or unethical conduct
</li>
</ul>
&nbsp;
In light of a recent periodic review, Bitget is delisting a total of 7 trading pairs on April 17, 2026, 10:00 AM (UTC). Details are as follows:
ELIZAOS/USDT; GLMR/USDT; QKC/USDT; OSMO/USDT; AERGO/USDT; GNS/USDT; SWCH/USDT
&nbsp;
Users are advised to note that:
<ol>
<li>Deposit services for the delisting pairs are now suspended.&nbsp;</li>
<li>Withdrawal services will remain open for users until July 17, 2026, 10:00 AM (UTC).</li>
<li>Please note that all pending trade orders for the mentioned pairs will automatically be cancelled.</li>
<li>Bitget will delist the following trading pairs from the unified account (spot trading) on April 17, 2026, 10:00 AM (UTC): ELIZAOS/USDT; GLMR/USDT; QKC/USDT; OSMO/USDT; AERGO/USDT; GNS/USDT; SWCH/USDT
<ul>
<li>All unfilled spot orders for these pairs will be automatically canceled.</li>
<li>After the delisting, the above trading pairs will no longer be available for spot trading under the unified account.</li>
<li>After the delisting, the above tokens will no longer be supported for being transferred into the unified account. Any remaining assets of these tokens in the unified account will be automatically transferred to the classic account (spot trading).</li>
<li>We strongly recommend that users manage any open orders related to the delisted pairs and transfer relevant assets from the unified account to the funding account in advance to avoid potential losses.</li>
</ul>
</li>
<li>The following trading pairs will be removed from Bitget spot trading bots on April 17, 2026, 10:00 AM (UTC): GLMR/USDT; QKC/USDT; OSMO/USDT; AERGO/USDT; GNS/USDT; SWCH/USDT
<ul>
<li>After removal, the system will automatically cancel any pending orders and return the relevant assets to your account.</li>
<li>Users will be unable to create any new bots with the delisted trading pairs.</li>
<li>Users will no longer be able to publish running bots with the delisted trading pairs to the Recommended section of the bot copy trading page.</li>
<li>Bots with the delisted trading pairs that are listed in the Recommended section of the bot copy trading page will be removed.</li>
<li>Users are strongly advised to terminate bots with the active trading pairs to avoid any potential losses. Thank you for your support and understanding!</li>
</ul>
</li>
<li>The following trading pairs will be removed from Bitget copy trading on April 17, 2026, 10:00 AM (UTC): GLMR/USDT; QKC/USDT; OSMO/USDT; GNS/USDT
<ul>
<li>After removal, the system will automatically cancel any pending orders and return the relevant assets to your account.</li>
<li>Users will be unable to create any new positions with the delisted trading pairs.</li>
<li>Users are strongly advised to close positions with the active trading pairs to avoid any potential losses. Thank you for your support and understanding!</li>
</ul>
</li>
<li>Bitget will remove the GLMR/USDT, OSMO/USDT, GNS/USDT trading pairs from spot margin and close trading on April 16, 2026, 03:00 (UTC).
<ul>
<li>Suspension of transfer and borrowing services: Bitget has suspended the transfer and borrowing services for relevant trading pairs in spot margin trading.</li>
<li>Positions will be closed and liquidated, and the trading feature will be unavailable: Bitget will automatically close the positions of users still holding positions in the relevant pairs on April 16, 2026, 03:00 (UTC), cancel all pending orders in margin accounts for the pair, and liquidate any outstanding liabilities. Margin trading services for the pairs will be disabled, and assets will be automatically transferred to the spot account.</li>
<li>Users are strongly advised to close positions, cancel orders, repay loans, and transfer funds related to the relevant pairs in advance to avoid potential losses.</li>
</ul>
</li>
<li>Bitget Earn will delist the GNS Simple Earn product on April 17, 2026, 10:00 AM (UTC).&nbsp;
<ul>
<li>Following the delisting, the assets held in the GNS Simple Earn product will automatically be returned to the spot account.&nbsp;</li>
<li>Users can view the details on their Bitget spot account.&nbsp;</li>
<li>Before this occurs, Users can redeem their investment amount at any time.&nbsp;</li>
<li>Please make the necessary fund arrangements based on your needs.</li>
</ul>
</li>
<li>Bitget Convert and “Convert small balances to BGB” will remove ELIZAOS, GLMR, QKC, OSMO, AERGO, GNS, SWCH and all associated pairs on April 10, 2026, 10:00 AM (UTC).</li>
</ol>
&nbsp;
Disclaimer
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

Each digital asset we list is regularly reviewed for quality assurance to ensure it adheres to our platform standards. In addition to the security and stability of the digital asset’s network, we consider numerous other factors in our evaluation process, including: Trading volume and liquidity Team involvement in the project Development of the project Network or smart contract stability Activeness of the community Responsiveness of the project Negligence or unethical conduct In light of a recent periodic review, Bitget is delisting a total of 7 trading pairs on April 17, 2026, 10:00 AM (UTC). Details are as follows: ELIZAOS/USDT; GLMR/USDT; QKC/USDT; OSMO/USDT; AERGO/USDT; GNS/USDT; SWCH/USDT Users are advised to note that: Deposit services for the delisting pairs are now suspended. Withdrawal services will remain open for users until July 17, 2026, 10:00 AM (UTC). Please note that all pending trade orders for the mentioned pairs will automatically be cancelled. Bitget will delist the following trading pairs from the unified account (spot trading) on April 17, 2026, 10:00 AM (UTC): ELIZAOS/USDT; GLMR/USDT; QKC/USDT; OSMO/USDT; AERGO/USDT; GNS/USDT; SWCH/USDT All unfilled spot orders for these pairs will be automatically canceled. After the delisting, the above trading pairs will no longer be available for spot trading under the unified account. After the delisting, the above tokens will no longer be supported for being transferred into the unified account. Any remaining assets of these tokens in the unified account will be automatically transferred to the classic account (spot trading). We strongly recommend that users manage any open orders related to the delisted pairs and transfer relevant assets from the unified account to the funding account in advance to avoid potential losses. The following trading pairs will be removed from Bitget spot trading bots on April 17, 2026, 10:00 AM (UTC): GLMR/USDT; QKC/USDT; OSMO/USDT; AERGO/USDT; GNS/USDT; SWCH/USDT After removal, the system will automatically cancel any pending orders and return the relevant assets to your account. Users will be unable to create any new bots with the delisted trading pairs. Users will no longer be able to publish running bots with the delisted trading pairs to the Recommended section of the bot copy trading page. Bots with the delisted trading pairs that are listed in the Recommended section of the bot copy trading page will be removed. Users are strongly advised to terminate bots with the active trading pairs to avoid any potential losses. Thank you for your support and understanding! The following trading pairs will be removed from Bitget copy trading on April 17, 2026, 10:00 AM (UTC): GLMR/USDT; QKC/USDT; OSMO/USDT; GNS/USDT After removal, the system will automatically cancel any pending orders and return the relevant assets to your account. Users will be unable to create any new positions with the delisted trading pairs. Users are strongly advised to close positions with the active trading pairs to avoid any potential losses. Thank you for your support and understanding! Bitget will remove the GLMR/USDT, OSMO/USDT, GNS/USDT trading pairs from spot margin and close trading on April 16, 2026, 03:00 (UTC). Suspension of transfer and borrowing services: Bitget has suspended the transfer and borrowing services for relevant trading pairs in spot margin trading. Positions will be closed and liquidated, and the trading feature will be unavailable: Bitget will automatically close the positions of users still holding positions in the relevant pairs on April 16, 2026, 03:00 (UTC), cancel all pending orders in margin accounts for the pair, and liquidate any outstanding liabilities. Margin trading services for the pairs will be disabled, and assets will be automatically transferred to the spot account. Users are strongly advised to close positions, cancel orders, repay loans, and transfer funds related to the relevant pairs in advance to avoid potential losses. Bitget Earn will delist the GNS Simple Earn product on April 17, 2026, 10:00 AM (UTC). Following the delisting, the assets held in the GNS Simple Earn product will automatically be returned to the spot account. Users can view the details on their Bitget spot account. Before this occurs, Users can redeem their investment amount at any time. Please make the necessary fund arrangements based on your needs. Bitget Convert and “Convert small balances to BGB” will remove ELIZAOS, GLMR, QKC, OSMO, AERGO, GNS, SWCH and all associated pairs on April 10, 2026, 10:00 AM (UTC). Disclaimer Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

Notice of Delisting 7 Spot Trading Pairs on April 17, 2026

Glonghui, April 10 — JPMorgan has raised Coherent’s target price from $245 to $300 and maintained an “Overweight” rating.

JPMorgan raises Coherent's price target to $300

<h2>US Dollar Remains Stable Amid Oil Price Surge</h2>
According to Philip Wee from DBS Group Research, even as Brent crude oil prices climbed to the USD 100–120 range during the first quarter of 2026, the US Dollar Index (DXY) continued to move within its usual 96–101 corridor. Wee explains that the subdued reaction of the US Dollar as a safe haven is due to the Federal Reserve’s less aggressive approach, tighter monetary policy compared to inflation, and waning interest in the so-called Trump Trade.
<img src="" alt="">
<h3>Limited Dollar Movement Despite Rising Oil Prices</h3>
Looking at the overall pattern since early 2026, the DXY Index has shown less volatility than during previous energy crises.
Although Brent crude saw a sharp increase to the $100–120 range in Q1, the DXY maintained its 96–101 range, which has been in place since mid-2025.
Wee points out that the US Dollar’s safe haven appeal during this oil price surge is noticeably weaker compared to 2022.
Unlike the situation in 2022, the Federal Reserve is not urgently responding to inflation caused by strong demand.
As a result, the DXY is not pushing above the 100 mark, with the Fed adopting a cautious, wait-and-see approach to adjusting interest rates.

US Dollar Remains Stable Amid Oil Price Surge According to Philip Wee from DBS Group Research, even as Brent crude oil prices climbed to the USD 100–120 range during the first quarter of 2026, the US Dollar Index (DXY) continued to move within its usual 96–101 corridor. Wee explains that the subdued reaction of the US Dollar as a safe haven is due to the Federal Reserve’s less aggressive approach, tighter monetary policy compared to inflation, and waning interest in the so-called Trump Trade. Limited Dollar Movement Despite Rising Oil Prices Looking at the overall pattern since early 2026, the DXY Index has shown less volatility than during previous energy crises. Although Brent crude saw a sharp increase to the $100–120 range in Q1, the DXY maintained its 96–101 range, which has been in place since mid-2025. Wee points out that the US Dollar’s safe haven appeal during this oil price surge is noticeably weaker compared to 2022. Unlike the situation in 2022, the Federal Reserve is not urgently responding to inflation caused by strong demand. As a result, the DXY is not pushing above the 100 mark, with the Fed adopting a cautious, wait-and-see approach to adjusting interest rates.

DXY: DBS notes a restrained safe-haven reaction to the Oil shock

<h2>Canadian Labour Report: Implications for USD/CAD and BoC Policy</h2>
Francesco Pesole from ING highlights the significance of Canada's March employment figures for shaping expectations around the Bank of Canada’s (BoC) next moves. He emphasizes that the unemployment rate carries more weight than the often unpredictable monthly job numbers. Despite the market factoring in roughly 40 basis points of rate hikes by December, Pesole notes that the BoC has shown little inclination toward further tightening. As a result, he anticipates a dovish outlook for Canadian Dollar (CAD) front-end rates and expects USD/CAD to gradually approach 1.3700 if geopolitical tensions continue to ease.
<h3>Key Drivers: Employment Data and Interest Rate Expectations</h3>
Canada is set to release its March jobs report, with analysts forecasting an increase of 15,000 positions following a sharp decline of 83,000 in February.
However, the unemployment rate is likely to be the primary indicator influencing the BoC’s decisions, as monthly employment changes can be highly erratic.
Looking ahead, Pesole believes that the risks for short-term Canadian rates lean toward a more dovish stance in the near term.
Currently, markets are anticipating about 40 basis points of tightening by year-end—a projection that may be overly optimistic given the BoC’s cautious approach. Additionally, attention could soon turn to USMCA renegotiations, which pose a significant downside risk for Canada’s economic activity and labor market.
For now, USD/CAD remains sensitive to developments in global conflicts, but ongoing de-escalation could pave the way for the pair to move toward the 1.3700 level.
(This report was produced with the assistance of artificial intelligence and subsequently reviewed by an editor.)

Canadian Labour Report: Implications for USD/CAD and BoC Policy Francesco Pesole from ING highlights the significance of Canada's March employment figures for shaping expectations around the Bank of Canada’s (BoC) next moves. He emphasizes that the unemployment rate carries more weight than the often unpredictable monthly job numbers. Despite the market factoring in roughly 40 basis points of rate hikes by December, Pesole notes that the BoC has shown little inclination toward further tightening. As a result, he anticipates a dovish outlook for Canadian Dollar (CAD) front-end rates and expects USD/CAD to gradually approach 1.3700 if geopolitical tensions continue to ease. Key Drivers: Employment Data and Interest Rate Expectations Canada is set to release its March jobs report, with analysts forecasting an increase of 15,000 positions following a sharp decline of 83,000 in February. However, the unemployment rate is likely to be the primary indicator influencing the BoC’s decisions, as monthly employment changes can be highly erratic. Looking ahead, Pesole believes that the risks for short-term Canadian rates lean toward a more dovish stance in the near term. Currently, markets are anticipating about 40 basis points of tightening by year-end—a projection that may be overly optimistic given the BoC’s cautious approach. Additionally, attention could soon turn to USMCA renegotiations, which pose a significant downside risk for Canada’s economic activity and labor market. For now, USD/CAD remains sensitive to developments in global conflicts, but ongoing de-escalation could pave the way for the pair to move toward the 1.3700 level. (This report was produced with the assistance of artificial intelligence and subsequently reviewed by an editor.)

CAD: Employment figures and BoC policy outlook steer the Loonie – ING

<div class="entry-content entry clearfix"> 
 <ul class="wp-block-list"> 
 <li>Whales bought 189,730 TON in 3 months.</li> 
 <li>TON lost two-thirds of its market cap.</li> 
 <li>Accumulation may signal long-term bullish sentiment.</li> 
 </ul> 
 Recent on-chain data reveals a surprising trend: large holders, often called whales, have been steadily accumulating Toncoin (TON) over the past three months. According to Santiment, these investors added around 189,730 TON to their wallets. 
 This quiet accumulation comes at a time when TON has suffered a steep decline, losing nearly two-thirds of its total market value. While retail traders may view this drop as a warning sign, whales often see such moments as opportunities to buy undervalued assets. 
 <h3 class="wp-block-heading">Market Cap Raises Questions</h3> 
 Toncoin’s sharp fall in market cap has raised concerns among investors. A decline of this scale usually reflects reduced demand, broader market pressure, or fading hype. However, it can also signal a phase of consolidation before a potential rebound. 
 Historically, whale accumulation during downturns has been linked to future price recoveries. Large investors tend to take long-term positions, using periods of fear and uncertainty to build their holdings at discounted prices. 
 <h2 class="wp-block-heading">What This Means for TON’s Future</h2> 
 The ongoing Toncoin whale accumulation suggests that some major players still believe in the project’s fundamentals. While short-term volatility may continue, this behavior often indicates confidence in long-term growth. 
 That said, accumulation alone does not guarantee a price recovery. External factors like overall crypto market trends, adoption, and development progress will play a crucial role in determining TON’s future direction. 
 For now, the contrast between falling prices and rising whale interest makes Toncoin one of the more interesting assets to watch in the current market cycle. 
</div>

Whales bought 189,730 TON in 3 months. TON lost two-thirds of its market cap. Accumulation may signal long-term bullish sentiment. Recent on-chain data reveals a surprising trend: large holders, often called whales, have been steadily accumulating Toncoin (TON) over the past three months. According to Santiment, these investors added around 189,730 TON to their wallets. This quiet accumulation comes at a time when TON has suffered a steep decline, losing nearly two-thirds of its total market value. While retail traders may view this drop as a warning sign, whales often see such moments as opportunities to buy undervalued assets. Market Cap Raises Questions Toncoin’s sharp fall in market cap has raised concerns among investors. A decline of this scale usually reflects reduced demand, broader market pressure, or fading hype. However, it can also signal a phase of consolidation before a potential rebound. Historically, whale accumulation during downturns has been linked to future price recoveries. Large investors tend to take long-term positions, using periods of fear and uncertainty to build their holdings at discounted prices. What This Means for TON’s Future The ongoing Toncoin whale accumulation suggests that some major players still believe in the project’s fundamentals. While short-term volatility may continue, this behavior often indicates confidence in long-term growth. That said, accumulation alone does not guarantee a price recovery. External factors like overall crypto market trends, adoption, and development progress will play a crucial role in determining TON’s future direction. For now, the contrast between falling prices and rising whale interest makes Toncoin one of the more interesting assets to watch in the current market cycle.

 Toncoin Whale Accumulation Signals Quiet Confidence 

The fragile two-week ceasefire continues to fill the market with uncertainty, with New York gold futures falling 0.9% to $4,775.20 per ounce. However, Brent crude is headed for a sharp weekly drop of nearly 11%, which helps ease concerns about high energy costs and broader inflationary pressures. Some market observers say that the latest U.S. economic data has also alleviated worries about the outlook for monetary policy. ANZ analysts stated: "The U.S. Personal Consumption Expenditure Price Index did not reflect the recent surge in energy prices." Investors are now waiting for the CPI data, which will be released later on Friday.

ANZ: Gold is likely to post a weekly gain ahead of the US-Iran talks

Although the United States and Iran have reached a ceasefire agreement, and Iran has also restricted the number of ships passing through this critical energy chokepoint, the Strait of Hormuz remains effectively stalled. Citing Israel's continued attacks on Lebanon, Iran prompted U.S. President Trump to urge Israel to scale back its offensive. Israel has agreed to begin direct negotiations with Lebanon, which are tentatively scheduled for next week. According to data from London Stock Exchange Group, Bitcoin fell 0.8% to $71,820 after reaching a three-week high of $73,067 overnight.

Bitcoin turns lower, erasing overnight gains

The UK's FTSE 100 index in London edged up 0.05%, with housebuilders rising, but shares sensitive to consumer demand declined. France's CAC 40 index was flat, as gains in luxury and technology shares were offset by declines in energy and materials, with steelmaker ArcelorMittal down 1.4%. Luxury stocks also boosted Italy's FTSE MIB index, which rose 0.1%, as Brunello Cucinelli surged 5.4% after releasing an earnings update. Germany's industrial-heavy DAX index was also flat, with Infineon leading the index with a 1.1% gain. German utility shares fell, while Commerzbank edged down 0.8%. Spain's IBEX 35 index was flat, as energy stocks declined but bank stocks gained.

European stock indexes edge higher in quiet early trading

Glonghui, April 10｜TD Cowen lowered BlackRock’s target price from $1,238 to $1,105 and maintained a “Hold” rating.

TD Cowen lowers BlackRock’s target price to $1,105

<div> 
 Ether’s (<a href="https://cointelegraph.com/price-indexes/ethereum">ETH</a>) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Ether’s rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. 
 Key takeaways: 
 <div class="ct-content-list"> 
 <ul> 
 <li>Ether’s profitability metrics drop to levels that have historically marked local bottoms.</li> 
 <li>The MVRV Z-score and pricing bands suggest ETH price drop to $1,800 was the bottom.</li> 
 <li>ETH price bounced off a multi-year trendline that has marked previous macro lows.</li> 
 </ul> 
 </div> 
 <h2 class="ct-content-h2">Ether traders realize losses</h2> 
 Onchain data shows that Ether’s Spent Output Profit Ratio (SOPR) is at 0.96, suggesting ETH investors are still selling at a loss.&nbsp; 
 This metric dropped as low as 0.92 on Feb. 6, implying that&nbsp;Ether’s price drop to $1,800&nbsp;was driven by traders realizing losses amid panic and extreme fear. 
 SOPR measures the profit or loss of spent ETH outputs by comparing the value of coins when they were last moved to their value when they are spent again.&nbsp; 
 A value below 1 might suggest capitulation or a market bottom, potentially signaling a good time to buy. 
 <img src="https://img.bgstatic.com/spider-data/9694adb4f43356b3d7c3f23acdcd96181775806271747.png" class="m-auto rounded my-4"> Ether SOPR. Source: Glassnode 
 
 Historically, this scenario has often preceded price recoveries. When SOPR fell to 0.86 following&nbsp;Ether’s drop to $1,500 in April, it was followed by a 246% price recovery to its current all-time high of $4,950.&nbsp; 
 Similar scenarios in 2022 and 2023 were followed by 130% and $155% ETH price rallies, respectively. 
 As such, some investors saw the drop to $3,000 as an opportunity to buy. 
 <h2 class="ct-content-h2">MVRV Z-Score suggests Ether bottomed at $1,800</h2> 
 Ether’s MVRV Z-Score, a key onchain metric used to identify market tops and bottoms, has dropped into the historical accumulation zone (the green line in the chart below), strengthening the argument that ETH may have found a bottom. 
 <img src="https://img.bgstatic.com/spider-data/ac00b7a498a003f60ed72afe20eaabb41775806272163.png" class="m-auto rounded my-4"> Ethereum: MVRV Z-score. Source: Capriole Investments 
 
 The last time Ether’s MVRV Z-score fell to the current levels was in April 2025, after a 66% price drawdown. This coincided with a macro market bottom at $1,400 and preceded a multi-month rally, with the ETH/USD pair rising 258% to its current all-time high of $4,950.&nbsp; 
 Meanwhile, the 0.80 MVRV pricing band, which has historically marked cycle bottoms, is currently at $1,880.&nbsp; 
 <img src="https://img.bgstatic.com/spider-data/d47aec7c85d31310a5bef64bde4790ca1775806272372.png" class="m-auto rounded my-4"> ETH: MVRV pricing bands. Source: Glassnode 
 
 This indicates that, from an onchain perspective, Ether is undervalued and may continue the ongoing recovery, potentially rising toward dense liquidity clusters between $2,400 and $2,600 in the short term. 
 <h2 class="ct-content-h2">ETH price sits on strong support above $1,800</h2> 
 Data from TradingView shows that ETH price has successfully held above a key support zone over the last two months, as illustrated in the chart below. 
 This is the area around $1,800, where investors acquired more than 1.35 million ETH, according to Glassnode’s cost basis distribution heatmap. 
 <img src="https://img.bgstatic.com/spider-data/a034bca88d6d3b5f82415a35486db5a31775806272597.png" class="m-auto rounded my-4"> ETH cost basis distribution heatmap. Source: Glassnode 
 
 This level aligns with a multi-year trendline that has historically marked the bottom for ETH/USD, as seen in 2022 and in April 2025. 
 <img src="https://img.bgstatic.com/spider-data/54f9a9ddca3b575816b41568511ab4fe1775806272768.png" class="m-auto rounded my-4"> &nbsp; ETH/USD weekly chart. Source: Cointelegraph/TradingView 
 
 Ether’s rebound from this level in early February suggests the trendline still holds as support, paving the way for a sustained recovery toward $4,800. 
 As Cointelegraph reported, a drop below $2,000, where the 20-day EMA and the 50-day SMA converge, could see the price drop toward the next major support at $1,750. 
</div>

Ether’s (ETH) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Ether’s rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. Key takeaways: Ether’s profitability metrics drop to levels that have historically marked local bottoms. The MVRV Z-score and pricing bands suggest ETH price drop to $1,800 was the bottom. ETH price bounced off a multi-year trendline that has marked previous macro lows. Ether traders realize losses Onchain data shows that Ether’s Spent Output Profit Ratio (SOPR) is at 0.96, suggesting ETH investors are still selling at a loss. This metric dropped as low as 0.92 on Feb. 6, implying that Ether’s price drop to $1,800 was driven by traders realizing losses amid panic and extreme fear. SOPR measures the profit or loss of spent ETH outputs by comparing the value of coins when they were last moved to their value when they are spent again. A value below 1 might suggest capitulation or a market bottom, potentially signaling a good time to buy. Ether SOPR. Source: Glassnode Historically, this scenario has often preceded price recoveries. When SOPR fell to 0.86 following Ether’s drop to $1,500 in April, it was followed by a 246% price recovery to its current all-time high of $4,950. Similar scenarios in 2022 and 2023 were followed by 130% and $155% ETH price rallies, respectively. As such, some investors saw the drop to $3,000 as an opportunity to buy. MVRV Z-Score suggests Ether bottomed at $1,800 Ether’s MVRV Z-Score, a key onchain metric used to identify market tops and bottoms, has dropped into the historical accumulation zone (the green line in the chart below), strengthening the argument that ETH may have found a bottom. Ethereum: MVRV Z-score. Source: Capriole Investments The last time Ether’s MVRV Z-score fell to the current levels was in April 2025, after a 66% price drawdown. This coincided with a macro market bottom at $1,400 and preceded a multi-month rally, with the ETH/USD pair rising 258% to its current all-time high of $4,950. Meanwhile, the 0.80 MVRV pricing band, which has historically marked cycle bottoms, is currently at $1,880. ETH: MVRV pricing bands. Source: Glassnode This indicates that, from an onchain perspective, Ether is undervalued and may continue the ongoing recovery, potentially rising toward dense liquidity clusters between $2,400 and $2,600 in the short term. ETH price sits on strong support above $1,800 Data from TradingView shows that ETH price has successfully held above a key support zone over the last two months, as illustrated in the chart below. This is the area around $1,800, where investors acquired more than 1.35 million ETH, according to Glassnode’s cost basis distribution heatmap. ETH cost basis distribution heatmap. Source: Glassnode This level aligns with a multi-year trendline that has historically marked the bottom for ETH/USD, as seen in 2022 and in April 2025. ETH/USD weekly chart. Source: Cointelegraph/TradingView Ether’s rebound from this level in early February suggests the trendline still holds as support, paving the way for a sustained recovery toward $4,800. As Cointelegraph reported, a drop below $2,000, where the 20-day EMA and the 50-day SMA converge, could see the price drop toward the next major support at $1,750.

Three reasons why Ether traders expect ETH to hold above $1.8K

<div class="article__content"> 
 <div class="article__toc toc"> 
 </div> 
 The best crypto to buy now does not need a geopolitical headline to deliver returns, and Trump’s two-week Iran ceasefire on April 8 proved exactly that.&nbsp; 
 Solana spiked 5.5% to $83.34 and Chainlink surged 6.21% to $9.08 in a single session, but by April 9 both pulled back as Iran threatened to walk away from the deal and the truce showed cracks.&nbsp; 
 While large caps chased a news cycle, Pepeto sat at $8.85 million raised with a confirmed Binance listing and tools that run today, not on a roadmap. 
 <h2 class="wp-block-heading">Solana Jumps 5.5% and Chainlink Surges 6% as Iran Ceasefire Triggers $600M in Short Liquidations</h2> 
 Trump announced a two-week ceasefire with Iran on April 8, erasing weeks of bearish positioning and sparking a short squeeze that pushed Bitcoin past $72,700 and cleared nearly $600 million in leveraged futures liquidations, with bearish short sellers absorbing over $420 million of that total according to CoinDesk.&nbsp; 
 SOL and LINK both rallied hard before giving back gains the moment Iran signaled it might exit the deal. 
 Geopolitical truces last two weeks. A confirmed exchange listing lasts forever. The best crypto to buy now carries a catalyst that no ceasefire can cancel. 
 <h2 class="wp-block-heading">Top Entries Today and Where the Biggest Returns of This Cycle Get Built</h2> 
 <h3 class="wp-block-heading">Pepeto: The Exchange Live Right Now That Most Platforms Are Still Trying to Build</h3> 
 Crypto runs on tools that promise clarity and deliver noise. Pepeto runs as a live exchange where real market signals drive real wallet protection, and nothing on the platform sits behind a future release date. 
 PepetoSwap settles every rotation at zero fee, so no slice disappears on the way out. Assets move between Ethereum, BNB Chain, and Solana through the cross-chain bridge without paying anything. Before any token lists, a contract scanner checks every line for exploit patterns, and SolidProof confirmed the entire system is clean. A former Binance executive co-built this with the Pepe coin cofounder who turned a single meme into an $11 billion market cap without a product underneath it. 
 <div> 
 <a href="https://pepeto.io/" target="_blank" rel="noopener nofollow noreferrer"><img width="1024" src="https://img.bgstatic.com/spider-data/992f67f0baa02ef47bf16d662cebeee61775806248815.jpg" class="wp-image-308006"></a> 
 </div> 
 The 100x projection from analysts starts at $0.0000001863, the 186% APY staking compounds every position each day, and the Binance listing narrows from a future date into a certainty. The best crypto to buy now is the one where a single listing event reshapes what a small commitment can do to the rest of this cycle. 
 The wallets that loaded the right presales in previous cycles all say the same thing: the signal was obvious and they should have gone harder. That signal is right here with $8.85 million of verified capital behind it, and every closing round puts this price further out of reach. 
 <h2 class="wp-block-heading">Solana (SOL)</h2> 
 SOL climbed 5.5% to $83.34 on April 8 when ceasefire headlines broke, then retreated to $83.08 on April 9 as Iran’s threats hit the wire according to CoinMarketCap. Solana entered 2026 near $127 and has shed roughly 35% since then, with sellers stepping in on every bounce that tries to hold. 
 A recovery toward $120 from here delivers about 45% over a timeline nobody can confirm. Pepeto’s listing event delivers 100x from where wallets sit right now, and the distance SOL can cover from $83 does not come close to what a verified presale captures when listing day fires. 
 <h2 class="wp-block-heading">Chainlink (LINK)</h2> 
 LINK jumped 6.21% to $9.08 on April 8 as the ceasefire swept altcoins higher, backed by Bitwise’s CLNK ETF pulling fresh inflows and UBS running live settlement tests directly on Chainlink infrastructure. By April 9, LINK settled back to $8.88 as the truce’s durability came under fire. 
 A push toward $12 from $8.88 returns roughly 35% whenever conditions line up. The path to $12 for LINK depends on markets deciding to cooperate. The path to Pepeto’s 100x depends on listing day, full stop. 
 <h2 class="wp-block-heading">Conclusion</h2> 
 April 8 showed exactly how fast capital moves when a geopolitical headline clears. It also showed how fast those gains reverse when the headline gets complicated. An entry with a working product and a confirmed listing date does not need peace deals to keep the return intact. 
 SHIB made millionaires from wallets holding nothing but a ticker. Pepeto runs that same viral force with a full exchange underneath it. The whale wallets already inside this presale with $8.85 million of SolidProof-verified capital on the Pepeto official website calculated the listing distance long before the ceasefire gave everyone else a reason to look at crypto again. 
 <div> 
 <a href="https://pepeto.io/" target="_blank" rel="noopener nofollow noreferrer"><img width="1024" src="https://img.bgstatic.com/spider-data/97896e3007ce0c87f5d570db1b5f7b5a1775806249058.webp" class="wp-image-300364"></a> 
 </div> 
 <h2 class="wp-block-heading">FAQs</h2> 
 <h3 class="wp-block-heading">Why is Pepeto the best crypto to buy now over SOL?</h3> 
 Pepeto’s confirmed Binance listing fires a 100x catalyst independent of geopolitical headlines that cannot hold. Solana spiked 5.5% then retreated to $83.08 on April 9, proving large cap gains reverse when news fades. 
 <h3 class="wp-block-heading">How does Pepeto beat Chainlink returns for buyers right now?</h3> 
 Pepeto targets 100x from $0.0000001863 via a confirmed listing event while Chainlink at $8.88 targets 35% toward $12 on uncertain conditions. The 186% APY staking builds Pepeto positions daily regardless of altcoin market sentiment. 
</div>

The best crypto to buy now does not need a geopolitical headline to deliver returns, and Trump’s two-week Iran ceasefire on April 8 proved exactly that. Solana spiked 5.5% to $83.34 and Chainlink surged 6.21% to $9.08 in a single session, but by April 9 both pulled back as Iran threatened to walk away from the deal and the truce showed cracks. While large caps chased a news cycle, Pepeto sat at $8.85 million raised with a confirmed Binance listing and tools that run today, not on a roadmap. Solana Jumps 5.5% and Chainlink Surges 6% as Iran Ceasefire Triggers $600M in Short Liquidations Trump announced a two-week ceasefire with Iran on April 8, erasing weeks of bearish positioning and sparking a short squeeze that pushed Bitcoin past $72,700 and cleared nearly $600 million in leveraged futures liquidations, with bearish short sellers absorbing over $420 million of that total according to CoinDesk. SOL and LINK both rallied hard before giving back gains the moment Iran signaled it might exit the deal. Geopolitical truces last two weeks. A confirmed exchange listing lasts forever. The best crypto to buy now carries a catalyst that no ceasefire can cancel. Top Entries Today and Where the Biggest Returns of This Cycle Get Built Pepeto: The Exchange Live Right Now That Most Platforms Are Still Trying to Build Crypto runs on tools that promise clarity and deliver noise. Pepeto runs as a live exchange where real market signals drive real wallet protection, and nothing on the platform sits behind a future release date. PepetoSwap settles every rotation at zero fee, so no slice disappears on the way out. Assets move between Ethereum, BNB Chain, and Solana through the cross-chain bridge without paying anything. Before any token lists, a contract scanner checks every line for exploit patterns, and SolidProof confirmed the entire system is clean. A former Binance executive co-built this with the Pepe coin cofounder who turned a single meme into an $11 billion market cap without a product underneath it. The 100x projection from analysts starts at $0.0000001863, the 186% APY staking compounds every position each day, and the Binance listing narrows from a future date into a certainty. The best crypto to buy now is the one where a single listing event reshapes what a small commitment can do to the rest of this cycle. The wallets that loaded the right presales in previous cycles all say the same thing: the signal was obvious and they should have gone harder. That signal is right here with $8.85 million of verified capital behind it, and every closing round puts this price further out of reach. Solana (SOL) SOL climbed 5.5% to $83.34 on April 8 when ceasefire headlines broke, then retreated to $83.08 on April 9 as Iran’s threats hit the wire according to CoinMarketCap. Solana entered 2026 near $127 and has shed roughly 35% since then, with sellers stepping in on every bounce that tries to hold. A recovery toward $120 from here delivers about 45% over a timeline nobody can confirm. Pepeto’s listing event delivers 100x from where wallets sit right now, and the distance SOL can cover from $83 does not come close to what a verified presale captures when listing day fires. Chainlink (LINK) LINK jumped 6.21% to $9.08 on April 8 as the ceasefire swept altcoins higher, backed by Bitwise’s CLNK ETF pulling fresh inflows and UBS running live settlement tests directly on Chainlink infrastructure. By April 9, LINK settled back to $8.88 as the truce’s durability came under fire. A push toward $12 from $8.88 returns roughly 35% whenever conditions line up. The path to $12 for LINK depends on markets deciding to cooperate. The path to Pepeto’s 100x depends on listing day, full stop. Conclusion April 8 showed exactly how fast capital moves when a geopolitical headline clears. It also showed how fast those gains reverse when the headline gets complicated. An entry with a working product and a confirmed listing date does not need peace deals to keep the return intact. SHIB made millionaires from wallets holding nothing but a ticker. Pepeto runs that same viral force with a full exchange underneath it. The whale wallets already inside this presale with $8.85 million of SolidProof-verified capital on the Pepeto official website calculated the listing distance long before the ceasefire gave everyone else a reason to look at crypto again. FAQs Why is Pepeto the best crypto to buy now over SOL? Pepeto’s confirmed Binance listing fires a 100x catalyst independent of geopolitical headlines that cannot hold. Solana spiked 5.5% then retreated to $83.08 on April 9, proving large cap gains reverse when news fades. How does Pepeto beat Chainlink returns for buyers right now? Pepeto targets 100x from $0.0000001863 via a confirmed listing event while Chainlink at $8.88 targets 35% toward $12 on uncertain conditions. The 186% APY staking builds Pepeto positions daily regardless of altcoin market sentiment.

Best Crypto to Buy Now: Is Pepeto the Hidden 100x While Solana and Chainlink Jump?

<div class="rich_text_content mt-6"> According to ChainCatcher, ahead of the US-Iran negotiations this weekend, oil prices have risen but remain below $100 per barrel. Emmanuel Belostrino, Head of Global Crude Oil and Geopolitical Market Data at Kpler, stated: "The outcome of the negotiations, especially whether a viable shipping agreement can be reached, is the key variable in determining whether the current backlog can begin to ease." </div>

According to ChainCatcher, ahead of the US-Iran negotiations this weekend, oil prices have risen but remain below $100 per barrel. Emmanuel Belostrino, Head of Global Crude Oil and Geopolitical Market Data at Kpler, stated: "The outcome of the negotiations, especially whether a viable shipping agreement can be reached, is the key variable in determining whether the current backlog can begin to ease."

Oil prices rise but remain below $100 per barrel, with markets awaiting US-Iran weekend negotiations

<h2>Euro Retreats After Four-Day Surge</h2>
On Friday, the euro (EUR) ended its four-day climb against the US dollar, slipping from Thursday’s monthly peak of 1.1720 to 1.1685. This pullback comes as optimism about a potential US-Iran peace agreement wanes among investors.
Tehran has issued conflicting statements regarding its involvement in upcoming peace negotiations in Islamabad, Pakistan, scheduled for this weekend. These talks are overshadowed by accusations that the US and Israel have breached the 10-point ceasefire. The US has responded by announcing that Vice President JD Vance will soon lead a delegation to Islamabad.
Efforts toward peace are facing mounting obstacles. Israel’s extensive strikes on Lebanon have resulted in over 300 casualties since the ceasefire, while Iran’s mismanagement of maritime traffic in the Strait of Hormuz has led to a near blockade, with less than 10% of usual vessel movement recorded in the past day due to mines and bureaucratic delays.
<h3>European Inflation and Central Bank Pressure</h3>
Earlier on Friday, Germany released its consumer price figures for March, confirming that inflation is intensifying, largely due to the ongoing conflict involving Iran. This development is increasing pressure on the European Central Bank (ECB) to consider raising interest rates soon.
Later today, attention will shift to the US Consumer Price Index (CPI) report for March. Analysts expect a notable rise in inflation, which could influence the Federal Reserve’s approach to monetary policy.
<h2>Technical Outlook: Euro Showing Signs of Weakness</h2>
EUR/USD continues to display a positive trend, staying above a strong support zone around the mid-1.16 range. However, recent trading patterns suggest the momentum may be shifting.
<ul>
 <li>A possible Double Top formation has emerged near 1.1720.</li>
 <li>The 4-hour Relative Strength Index (RSI) indicates bearish divergence.</li>
 <li>The Moving Average Convergence Divergence (MACD) is approaching a bearish crossover below its signal line.</li>
</ul>
Key support is found at Thursday’s low near 1.1650, marking the neckline of the Double Top and previous highs between 1.1630 and 1.1640. Additional support lies at the trendline from late March, currently at 1.1575.
If the pair breaks above session highs at 1.1723, the bearish outlook would be invalidated, opening the path toward the highs seen on February 26 and 27, close to 1.1820.
(This technical analysis was generated with assistance from an AI tool.)

Euro Retreats After Four-Day Surge On Friday, the euro (EUR) ended its four-day climb against the US dollar, slipping from Thursday’s monthly peak of 1.1720 to 1.1685. This pullback comes as optimism about a potential US-Iran peace agreement wanes among investors. Tehran has issued conflicting statements regarding its involvement in upcoming peace negotiations in Islamabad, Pakistan, scheduled for this weekend. These talks are overshadowed by accusations that the US and Israel have breached the 10-point ceasefire. The US has responded by announcing that Vice President JD Vance will soon lead a delegation to Islamabad. Efforts toward peace are facing mounting obstacles. Israel’s extensive strikes on Lebanon have resulted in over 300 casualties since the ceasefire, while Iran’s mismanagement of maritime traffic in the Strait of Hormuz has led to a near blockade, with less than 10% of usual vessel movement recorded in the past day due to mines and bureaucratic delays. European Inflation and Central Bank Pressure Earlier on Friday, Germany released its consumer price figures for March, confirming that inflation is intensifying, largely due to the ongoing conflict involving Iran. This development is increasing pressure on the European Central Bank (ECB) to consider raising interest rates soon. Later today, attention will shift to the US Consumer Price Index (CPI) report for March. Analysts expect a notable rise in inflation, which could influence the Federal Reserve’s approach to monetary policy. Technical Outlook: Euro Showing Signs of Weakness EUR/USD continues to display a positive trend, staying above a strong support zone around the mid-1.16 range. However, recent trading patterns suggest the momentum may be shifting. A possible Double Top formation has emerged near 1.1720. The 4-hour Relative Strength Index (RSI) indicates bearish divergence. The Moving Average Convergence Divergence (MACD) is approaching a bearish crossover below its signal line. Key support is found at Thursday’s low near 1.1650, marking the neckline of the Double Top and previous highs between 1.1630 and 1.1640. Additional support lies at the trendline from late March, currently at 1.1575. If the pair breaks above session highs at 1.1723, the bearish outlook would be invalidated, opening the path toward the highs seen on February 26 and 27, close to 1.1820. (This technical analysis was generated with assistance from an AI tool.)

EUR/USD pulls back to 1.1685 amid increasing uncertainty over Iran’s peace negotiations

The March Consumer Price Index (CPI) data, a measure of the cost of goods and services, lands today with a hot print expected amid Iran war-driven energy costs. A fragile ceasefire has offered reprieve, but uncertainty lingers. Crypto whales are already positioning. BeInCrypto analysts tracking on-chain whale activity have identified three tokens showing sharp accumulation or selling ahead of the release. Ethereum (ETH) Among the tokens seeing heavy whale accumulation ahead of the April CPI print, Ethereum (ETH) stands out. Its positioning dwarfs all others. Santiment data shows ETH crypto whale wallets surged from 122.93 million to 123.43 million tokens in hours. That 500,000 ETH increase translates to roughly $1.09 billion in fresh buying. Whale Accumulation: Santiment Headline CPI is expected to spike due to a 10.6% month-over-month jump in energy costs. However, core CPI inflation data is forecast at a softer 0.3% month over month. Large holders appear to be betting on that softer undertone sparking a relief rally. BoA on CPI: The March CPI report should show the initial effects of the Iran war. We forecast a 0.9% m/m (0.91% unrounded) increase in headline CPI owing to a 10.6% m/m jump in energy prices. Core CPI, meanwhile, should be softer at 0.3% m/m (0.26% unrounded)While our forecast pic.twitter.com/YrZsJh0BrP Neil Sethi (@neilksethi) April 9, 2026 Meanwhile, the Ethereum Foundation recently staked roughly 45,000 ETH to generate yield rather than sell. That structural shift reduces ongoing sell-side pressure from a major network entity and reinforces the bullish thesis. The #EthereumFoundation just staked another 45,034 $ETH($93.11M). On the daily chart, ETH is forming a cup-and-handle pattern inside a descending channel. The cup bottomed near $1,938 before curving higher. The handles upper boundary aligns with the channel neckline near $2,270. A single breakout could therefore confirm both structures simultaneously. A daily close above $2,231 would signal early strength. A move through $2,270 followed by a clean reclaim of $2,300 would validate the pattern. That level aligns with the 0.618 Fibonacci level and would confirm renewed momentum. Ethereum Price Analysis: TradingView The projected upside sits near 19.15%, which could push ETH toward $2,706. However, a drop below $2,162 would weaken the setup. The pattern gets fully invalidated with a close under $1,938. Uniswap (UNI) While some crypto whales are loading up ahead of the CPI print, others are trimming DeFi exposure. In contrast to Ethereums $1.09 billion inflow, Uniswap (UNI) has seen consistent whale selling pressure over the past seven days. Nansen data shows UNI whale wallets cut holdings by 2.48% over the past week. The stash now sits at 3.57 million tokens. That amounts to roughly 90,000 UNI sold, worth approximately $283,000 at the current price near $3.14. The selling aligns with broader DeFi profit taking as the sector trades mostly flat in the 7-day timeframe. Large holders appear to be de-risking ahead of a volatile CPI print rather than reacting to any UNI-specific catalyst. Whale Distribution: Nansen The daily chart supports the bearish tone. UNI has been trading inside a bear flag pattern since its March 13 high of $4.21. The flags lower boundary was tested near $3.01. UNI has since rebounded without reclaiming meaningful resistance. The 7-day whale distribution aligns with this bearish structure. If that lower trendline breaks, the projected drop stands at roughly 28%. A daily close below $3.08, the 0.618 Fibonacci level, would start the trigger. Support levels at $2.92 and $2.72 could slow the decline. Yet the measured target sits near $2.20 if buyers fail to step in. UNI Price Analysis:TradingView However, a push above $3.44 would challenge the bearish structure. A move beyond $3.67 would likely invalidate the bear flag entirely. Chainlink (LINK) Chainlink (LINK) rounds out the altcoin whale buying picture with a sudden surge in accumulation over the past few hours. Its oracle infrastructure feeds price data to DeFi protocols, positioning it to benefit from any activity uptick. Santiment data shows LINK whale wallets climbed from 660.02 million to 661.91 million tokens. That 1.89 million LINK pickup translates to approximately $16.93 million in fresh buying. The accumulation mirrors the ETH whale pattern. Large holders appear to see the CPI print as a potential macro catalyst, provided a softer core reading surfaces. Whale Accumulation Before CPI: Santiment On the daily chart, LINK is trading inside an inverse head-and-shoulders pattern. The right shoulder has locked into place, and the neckline sits near $9.43. From the head to the neckline, the measured target implies a 15.40% move higher. That could push LINK toward $10.82, above the psychological $10 mark. A daily reclaim of $9.43 would confirm the breakout. From there, $9.63 and $9.89 serve as the first set of intermediate targets. However, $8.96 acts as the immediate floor. A slip below $8.68 would put the right shoulder under threat. LINK Price Analysis: TradingView Yet the pattern retains its validity as long as LINK holds above $8.19, the head of the formation. Only a daily close below that level would fully invalidate the setup. Despite the macro uncertainty, that gives bulls a relatively wide margin of safety heading into the CPI release.

What Crypto Whales Are Buying and Selling Ahead Of The April US CPI Print

US stock markets are staging a recovery from the March selloff, with three key signals aligning to signal renewed confidence. The rebound follows a volatile first quarter shaped by the US-Iran conflict, surging oil prices, and broad risk-off sentiment across equities and crypto markets. Stock Market Flashes Recovery Signals The Kobeissi Letter reported that the SP 500 has posted its longest winning streak since October 2025. It has rallied 8% from its March 30 low. BREAKING: The SP 500 officially posts its longest win streak since October 2025, now up +8% since the March 30th low.That's +$4.5 TRILLION in market cap in 8 trading days.Asset owners are the only winners in this market. The Kobeissi Letter (@KobeissiLetter) April 9, 2026 In a separate post, the analysts noted that roughly 65% of the stocks in the Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100, are now trading above their 10-day moving averages. That figure has jumped 40 points in just five sessions, the sharpest increase since November. In Marchs second week, only 12% of stocks traded above that same average. That was the lowest reading in at least six months. QQQ Breadth. The improvement extends beyond tech. More than 70% of stocks in the SP 500 and the Dow Jones Industrial Average (DJIA) have also reclaimed their 10-day moving averages. This suggests the rally is broad-based rather than driven by a handful of mega-cap names. Historically, the Nasdaq 100 has traded higher 80% of the time over the following 12 months after reversals of this magnitude. That pattern adds a statistical backdrop to the current momentum. The market is setting up for a historic recovery, the post read. Insiders Remain Optimistic Corporate executives also signaled confidence. In March, 26.4% of US publicly traded companies saw net insider purchases, the highest proportion in five months. The reading rose from 20.9% in February and exceeded the 10-year average of 23.5%. This marked the second consecutive monthly increase in insider buying. This is also above the 10-year average of 23.5%. Corporate executives stepped in to purchase their own stock after the market pullback last month, a sign of confidence in a recovery, The Kobeissi Letter wrote. However, not all sectors reflected the same optimism. In energy, the share of companies with net insider purchases fell 1.6 percentage points to 17.5%. This decline suggests executives in that sector do not expect oil prices, elevated by the Iran conflict, to remain high for long. Fundstrats Tom Lee added to the bullish case. He believes the market has bottomed and that the SP 500 could reach 7,300 this year, implying notable upside from current levels. Lee noted that stocks demonstrated resilience during the worst of the geopolitical escalation, rising even as oil prices surged. Whether the rally extends into a sustained recovery will depend on the durability of the ceasefire and how quickly oil-related inflation pressures ease. For now, the recent recovery, breadth, and insider conviction are aligned, painting a positive picture.

3 Key Signals Paint a Bullish Picture for US Stocks

<div class="post-detail__content blocks"> 
 World Liberty Financial has dismissed market warnings regarding its borrowing activity on the lending platform Dolomite, labeling concerns over its debt health as “FUD.” 
 <div class="cn-block-summary"> 
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 Summary 
 </div> 
 <div class="cn-block-summary__content"> 
 <ul class="wp-block-list"> 
 <li>On-chain data shows World Liberty Financial deposited 5 billion WLFI tokens on Dolomite to borrow $75 million in stablecoins shortly before a major U.S. foreign policy announcement.</li> 
 <li>World Liberty Financial dismissed liquidation concerns as FUD.</li> 
 </ul> 
 </div> 
 </div> 
 On-chain data from Arkham reveals that a wallet belonging to the Trump family-backed project deposited approximately 5 billion WLFI tokens into the protocol to secure a $75 million loan in USDC and USD1 stablecoins.&nbsp; 
 Subsequently, the World Liberty wallet transferred over $40 million to Coinbase Prime just hours after Trump announced a U.S.-Iran ceasefire. 
 Dolomite was co-founded by Corey Caplan, an advisor to World Liberty; as such, the high concentration of WLFI on the platform has triggered intense scrutiny from DeFi analysts. 
 Currently, WLFI tokens represent $428.9 million of the $825.4 million in total assets supplied to Dolomite. This means the project’s native token now accounts for more than half of the protocol’s total liquidity, creating what researchers describe as a significant concentration risk.&nbsp; 
 DeFi analysts on X warned that if WLFI’s price hits liquidation levels, the lack of market depth could result in massive bad debt for the protocol’s other lenders. 
 “If that WLFI collateral position ever gets close to liquidation, it’s basically unliquidatable without major losses for lenders,” wrote analyst EthanDeFi. 
 He pointed to the token’s low liquidity relative to its $10 billion valuation, advising users to withdraw stablecoins from any pools that accept WLFI as collateral. 
 <h1 class="wp-block-heading">World Liberty calls FUD</h1> 
 In a series of posts on Thursday, World Liberty countered that its presence as an “anchor borrower” actually helps the platform by providing higher yields for other participants.&nbsp; 
 The team maintained that they have ample resources to defend their position, noting they have repurchased 435 million tokens over the last six months to support the ecosystem. 
 “We are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we’d simply supply more collateral,” the team stated.&nbsp; 
 “That’s not a risk. That’s how this works.” 
 Despite these assurances, WLFI’s price fell 5.6% to $0.86 as the controversy spread, bringing its total decline over the past week to 14%.&nbsp; 
 The project is now looking toward a governance vote scheduled for next week to address a long-awaited token unlock for early retail buyers. This plan will involve a structured, phased vesting schedule rather than an immediate release of all tokens. 
 The team remains firm that the protocol is designed for long-term growth rather than short-term speculation.&nbsp; 
 “The critics are looking at the wrong thing,” World Liberty added. “We’re building something that compounds.” 
 
</div>

World Liberty Financial has dismissed market warnings regarding its borrowing activity on the lending platform Dolomite, labeling concerns over its debt health as “FUD.” Summary On-chain data shows World Liberty Financial deposited 5 billion WLFI tokens on Dolomite to borrow $75 million in stablecoins shortly before a major U.S. foreign policy announcement. World Liberty Financial dismissed liquidation concerns as FUD. On-chain data from Arkham reveals that a wallet belonging to the Trump family-backed project deposited approximately 5 billion WLFI tokens into the protocol to secure a $75 million loan in USDC and USD1 stablecoins. Subsequently, the World Liberty wallet transferred over $40 million to Coinbase Prime just hours after Trump announced a U.S.-Iran ceasefire. Dolomite was co-founded by Corey Caplan, an advisor to World Liberty; as such, the high concentration of WLFI on the platform has triggered intense scrutiny from DeFi analysts. Currently, WLFI tokens represent $428.9 million of the $825.4 million in total assets supplied to Dolomite. This means the project’s native token now accounts for more than half of the protocol’s total liquidity, creating what researchers describe as a significant concentration risk. DeFi analysts on X warned that if WLFI’s price hits liquidation levels, the lack of market depth could result in massive bad debt for the protocol’s other lenders. “If that WLFI collateral position ever gets close to liquidation, it’s basically unliquidatable without major losses for lenders,” wrote analyst EthanDeFi. He pointed to the token’s low liquidity relative to its $10 billion valuation, advising users to withdraw stablecoins from any pools that accept WLFI as collateral. World Liberty calls FUD In a series of posts on Thursday, World Liberty countered that its presence as an “anchor borrower” actually helps the platform by providing higher yields for other participants. The team maintained that they have ample resources to defend their position, noting they have repurchased 435 million tokens over the last six months to support the ecosystem. “We are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we’d simply supply more collateral,” the team stated. “That’s not a risk. That’s how this works.” Despite these assurances, WLFI’s price fell 5.6% to $0.86 as the controversy spread, bringing its total decline over the past week to 14%. The project is now looking toward a governance vote scheduled for next week to address a long-awaited token unlock for early retail buyers. This plan will involve a structured, phased vesting schedule rather than an immediate release of all tokens. The team remains firm that the protocol is designed for long-term growth rather than short-term speculation. “The critics are looking at the wrong thing,” World Liberty added. “We’re building something that compounds.”

 World Liberty addresses risk concerns over 5B WLFI collateral position on Dolomite 

I think over the next 2 weeks (Or sooner) we will see TSLA rebound back to top of channel and 382 gap close. From there we will have to see what happens. Entries - retest of 337-340 or long over 350 First target is 368.. this area will be tough to get back over. If we can push back over 370 then 380 should come next... Max move would be 385 or weekly 20ma.. Market is picking and choosing certain names to plunge and pump.. if we dump in the coming days , I expect TSLA to plunge and pump nasdaq

I think over the next 2 weeks (Or sooner) we will see TSLA rebound back to top of channel and 382 gap close. From there we will have to see what happens. Entries - retest of 337-340 or long over 350 First target is 368.. this area will be tough to get back over. If we can push back over 370 then 380 should come next... Max move would be 385 or weekly 20ma.. Market is picking and choosing certain names to plunge and pump.. if we dump in the coming days , I expect TSLA to plunge and pump nasdaq

Tsla

<div class="article-body"> 
 Tesla (<a href="/quote/nasdaq/tsla/" class="font-bold hover:underline">TSLA</a> +0.63%) wants to be known for more than just electric cars. BYD (<a href="/quote/otc/byddy/" class="font-bold hover:underline">BYDDY</a> 3.32%) aims to dominate the global electric vehicle (EV) market. Both companies are industry leaders and globally recognized brands. So which company should investors choose over the next five years? 
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 <h2 class="text-h5 mb-0 leading-normal font-medium"><a class="text-cyan-800 hover:text-cyan-700" target="_self" href="/quote/nasdaq/tsla/">NASDAQ : TSLA</a></h2> 
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 Tesla 
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 $1.3T 
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 $ 222.79 - $ 498.83 
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 2.7M 
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 62M 
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 Tesla's core EV business is slowing. In 2025, the Elon Musk-run business saw automotive revenue decline 10% year over year. Total deliveries were down 9%. In 2025, <a href="https://www.fool.com/investing/how-to-invest/stocks/tesla-competitors/" class="text-cyan-900 hover:text-cyan-800">BYD dethroned Tesla</a> as the world's top EV seller. 
 BYD sold more than 2.25 million electric vehicles worldwide last year. Tesla is fighting back in early 2026, however, and reclaimed the top spot through the first quarter of 2026. The competition between the two is hotter than ever. 
 Tesla is pivoting into artificial intelligence and autonomous robotaxis. The broadening of Tesla's mission is compelling, but how this multi-pronged approach plays out for investors is yet to be determined and likely several years away. 
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 Tesla's stock is also expensive. The trillion-dollar company has a trailing price-to-earnings (P/E) ratio of 333 as of April 7. Its price/earnings-to-growth (PEG) ratio is a lofty 4.3. The stock has also fallen 23% in 2026. 
 <a href="https://www.fool.com/investing/how-to-invest/stocks/how-to-invest-in-byd-stock/" class="text-cyan-900 hover:text-cyan-800">BYD's global growth is impressive</a>, even as the company faces fierce competition at home in China. Where it's struggling in its home country, BYD makes up for it by expanding into other countries. In March 2026, BYD exported 120,083 cars internationally, a 65% year-over-year increase and 19% more than in February. 
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 BYD's stock is much more attractively priced than Tesla's. BYD has a forward P/E ratio of 18 and a PEG of 0.71 as of April 7. These metrics show that BYD is fairly priced or perhaps even undervalued. 
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 For investors with a five-year time horizon, BYD is a less speculative stock than Tesla. Although BYD is struggling to maintain its market share in China, its growth prospects outside of China are most appealing. Tesla's path forward seems less open than BYD's, and the stock is arguably overvalued. 
 For investors who need to choose between Tesla and BYD for the next five years, BYD is the clear winner. After all, its rock-bottom PEG ratio leaves room for strong returns. 
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Tesla (TSLA +0.63%) wants to be known for more than just electric cars. BYD (BYDDY 3.32%) aims to dominate the global electric vehicle (EV) market. Both companies are industry leaders and globally recognized brands. So which company should investors choose over the next five years? Expand NASDAQ : TSLA Tesla Today's Change ( 0.63 %) $ 2.15 Current Price $ 345.40 Key Data Points Market Cap $1.3T Day's Range $ 337.26 - $ 348.88 52wk Range $ 222.79 - $ 498.83 Volume 2.7M Avg Vol 62M Gross Margin 18.03 % Tesla's core EV business is slowing. In 2025, the Elon Musk-run business saw automotive revenue decline 10% year over year. Total deliveries were down 9%. In 2025, BYD dethroned Tesla as the world's top EV seller. BYD sold more than 2.25 million electric vehicles worldwide last year. Tesla is fighting back in early 2026, however, and reclaimed the top spot through the first quarter of 2026. The competition between the two is hotter than ever. Tesla is pivoting into artificial intelligence and autonomous robotaxis. The broadening of Tesla's mission is compelling, but how this multi-pronged approach plays out for investors is yet to be determined and likely several years away. Image source: Getty Images. Tesla's stock is also expensive. The trillion-dollar company has a trailing price-to-earnings (P/E) ratio of 333 as of April 7. Its price/earnings-to-growth (PEG) ratio is a lofty 4.3. The stock has also fallen 23% in 2026. BYD's global growth is impressive, even as the company faces fierce competition at home in China. Where it's struggling in its home country, BYD makes up for it by expanding into other countries. In March 2026, BYD exported 120,083 cars internationally, a 65% year-over-year increase and 19% more than in February. BYD's stock is much more attractively priced than Tesla's. BYD has a forward P/E ratio of 18 and a PEG of 0.71 as of April 7. These metrics show that BYD is fairly priced or perhaps even undervalued. Expand OTC : BYDDY BYD Company Today's Change ( -3.32 %) $ -0.45 Current Price $ 13.12 Key Data Points Market Cap $150B Day's Range $ 12.96 - $ 13.12 52wk Range $ 11.20 - $ 20.05 Volume 1.5M Avg Vol 1.9M Gross Margin 16.09 % Dividend Yield 1.35 % For investors with a five-year time horizon, BYD is a less speculative stock than Tesla. Although BYD is struggling to maintain its market share in China, its growth prospects outside of China are most appealing. Tesla's path forward seems less open than BYD's, and the stock is arguably overvalued. For investors who need to choose between Tesla and BYD for the next five years, BYD is the clear winner. After all, its rock-bottom PEG ratio leaves room for strong returns.

Tesla vs. BYD: Only 1 Can Make You Rich Over the Next 5 Years

<h2>The Current Top Five Companies by Market Value</h2>
At present, the five most valuable publicly traded companies are:
<ul>
 <li>Nvidia (NVDA): $4.3 trillion</li>
 <li>Apple (AAPL): $3.8 trillion</li>
 <li>Alphabet (GOOG/GOOGL): $3.6 trillion</li>
 <li>Microsoft (MSFT): $2.8 trillion</li>
 <li>Amazon (AMZN): $2.3 trillion</li>
</ul>
Most of these companies have dominated the market for the past ten years. Nvidia, however, only entered the top ranks in 2021 after a period of relative obscurity, quickly ascending to a leadership position.

<h2>Looking Ahead: The Impact of AI on Market Leaders</h2>
By 2030, the composition of the top five may shift, largely influenced by the progress and vitality of the artificial intelligence sector. AI is expected to remain a major area of investment, potentially propelling new contenders into the highest ranks.
Image source: Getty Images.

<h3>AI Will Shape the Next Top Five</h3>
In four years, it's likely that companies focused on AI will dominate the list. The scale of infrastructure needed to fulfill the ambitions of major cloud providers will be enormous, and substantial spending on AI is projected to continue through 2030.
Nvidia forecasts that global annual spending on data centers could reach $3 trillion to $4 trillion by 2030. If this prediction holds, several companies will be well-positioned to join the top five.

<h4>Nvidia's Market Performance</h4>
<ul>
 <li>Market Cap: $4.5 trillion</li>
 <li>Day's Range: $180.63 - $184.08</li>
 <li>52-Week Range: $95.04 - $212.19</li>
 <li>Volume: 3.5 million</li>
 <li>Average Volume: 179 million</li>
 <li>Gross Margin: 71.07%</li>
 <li>Dividend Yield: 0.02%</li>
</ul>
If these trends continue, Nvidia is likely to retain its position among the world's largest companies, possibly remaining at the very top. By 2030, the expansion of AI infrastructure is expected to generate significant revenue due to increasing workloads.

<h3>Cloud Computing's Role in the AI Boom</h3>
Major cloud service providers such as Microsoft Azure and Google Cloud (Alphabet) are already experiencing rapid growth. In the fourth quarter, Google Cloud's revenue surged 48% year-over-year, while Azure saw a 39% increase during the same period.
If the expansion of cloud infrastructure continues to support rising AI demands, Microsoft and Alphabet will be in an excellent position to benefit. Their ongoing advancements in AI, combined with their established products, should secure their places in the top five by 2030. But who will fill the remaining spots?

<h2>Apple and Amazon May Lose Their Top Five Status</h2>
Although Amazon is a significant player in cloud computing, its growth lags behind Microsoft and Alphabet. Its e-commerce segment is also not expanding rapidly, which could limit Amazon's overall progress. Apple, meanwhile, is taking a more reserved approach to AI, relying heavily on Alphabet's innovations. While this strategy might eventually pay off, Apple's slow hardware sales growth may not be enough to keep it among the world's largest companies.
It's anticipated that Taiwan Semiconductor (TSM) and Broadcom (AVGO) will rise to take their places. Currently valued at $1.76 trillion and $1.5 trillion respectively, these companies are poised for further growth that could elevate them into the top five.

<h3>Taiwan Semiconductor's Strategic Position</h3>
Taiwan Semiconductor serves as the main chip manufacturer for several top companies, including Apple and Nvidia. The company is benefiting from the surge in demand for AI chips, and if data center spending aligns with Nvidia's projections, it could easily secure a spot among the largest companies based on AI chip sales alone.
<ul>
 <li>Market Cap: $1.9 trillion</li>
 <li>Day's Range: $360.78 - $368.16</li>
 <li>52-Week Range: $145.84 - $390.20</li>
 <li>Volume: 355,000</li>
 <li>Average Volume: 14 million</li>
 <li>Gross Margin: 58.73%</li>
 <li>Dividend Yield: 0.91%</li>
</ul>

<h3>Broadcom's Approach to AI</h3>
Broadcom is also thriving, competing with Nvidia in the AI hardware space by developing custom chips designed for specific tasks, unlike Nvidia's general-purpose GPUs. The demand for Broadcom's application-specific integrated circuits is soaring, and analysts expect its revenue to nearly triple between fiscal 2025 and 2027. If custom AI chips remain in high demand through 2030, Broadcom could easily join the world's top five companies.

<h2>Investment Outlook</h2>
While Amazon and Apple are likely to remain strong performers in the near future, Broadcom and Taiwan Semiconductor appear poised for exceptional growth. Their shares may offer substantial returns, making them attractive investment options today.

The Current Top Five Companies by Market Value At present, the five most valuable publicly traded companies are: Nvidia (NVDA): $4.3 trillion Apple (AAPL): $3.8 trillion Alphabet (GOOG/GOOGL): $3.6 trillion Microsoft (MSFT): $2.8 trillion Amazon (AMZN): $2.3 trillion Most of these companies have dominated the market for the past ten years. Nvidia, however, only entered the top ranks in 2021 after a period of relative obscurity, quickly ascending to a leadership position. Looking Ahead: The Impact of AI on Market Leaders By 2030, the composition of the top five may shift, largely influenced by the progress and vitality of the artificial intelligence sector. AI is expected to remain a major area of investment, potentially propelling new contenders into the highest ranks. Image source: Getty Images. AI Will Shape the Next Top Five In four years, it's likely that companies focused on AI will dominate the list. The scale of infrastructure needed to fulfill the ambitions of major cloud providers will be enormous, and substantial spending on AI is projected to continue through 2030. Nvidia forecasts that global annual spending on data centers could reach $3 trillion to $4 trillion by 2030. If this prediction holds, several companies will be well-positioned to join the top five. Nvidia's Market Performance Market Cap: $4.5 trillion Day's Range: $180.63 - $184.08 52-Week Range: $95.04 - $212.19 Volume: 3.5 million Average Volume: 179 million Gross Margin: 71.07% Dividend Yield: 0.02% If these trends continue, Nvidia is likely to retain its position among the world's largest companies, possibly remaining at the very top. By 2030, the expansion of AI infrastructure is expected to generate significant revenue due to increasing workloads. Cloud Computing's Role in the AI Boom Major cloud service providers such as Microsoft Azure and Google Cloud (Alphabet) are already experiencing rapid growth. In the fourth quarter, Google Cloud's revenue surged 48% year-over-year, while Azure saw a 39% increase during the same period. If the expansion of cloud infrastructure continues to support rising AI demands, Microsoft and Alphabet will be in an excellent position to benefit. Their ongoing advancements in AI, combined with their established products, should secure their places in the top five by 2030. But who will fill the remaining spots? Apple and Amazon May Lose Their Top Five Status Although Amazon is a significant player in cloud computing, its growth lags behind Microsoft and Alphabet. Its e-commerce segment is also not expanding rapidly, which could limit Amazon's overall progress. Apple, meanwhile, is taking a more reserved approach to AI, relying heavily on Alphabet's innovations. While this strategy might eventually pay off, Apple's slow hardware sales growth may not be enough to keep it among the world's largest companies. It's anticipated that Taiwan Semiconductor (TSM) and Broadcom (AVGO) will rise to take their places. Currently valued at $1.76 trillion and $1.5 trillion respectively, these companies are poised for further growth that could elevate them into the top five. Taiwan Semiconductor's Strategic Position Taiwan Semiconductor serves as the main chip manufacturer for several top companies, including Apple and Nvidia. The company is benefiting from the surge in demand for AI chips, and if data center spending aligns with Nvidia's projections, it could easily secure a spot among the largest companies based on AI chip sales alone. Market Cap: $1.9 trillion Day's Range: $360.78 - $368.16 52-Week Range: $145.84 - $390.20 Volume: 355,000 Average Volume: 14 million Gross Margin: 58.73% Dividend Yield: 0.91% Broadcom's Approach to AI Broadcom is also thriving, competing with Nvidia in the AI hardware space by developing custom chips designed for specific tasks, unlike Nvidia's general-purpose GPUs. The demand for Broadcom's application-specific integrated circuits is soaring, and analysts expect its revenue to nearly triple between fiscal 2025 and 2027. If custom AI chips remain in high demand through 2030, Broadcom could easily join the world's top five companies. Investment Outlook While Amazon and Apple are likely to remain strong performers in the near future, Broadcom and Taiwan Semiconductor appear poised for exceptional growth. Their shares may offer substantial returns, making them attractive investment options today.

Prediction: By 2030, These Five Firms Are Expected to Dominate the Stock Market

In March 2026 the consumer sentiment index stood at –43 points. This is 8 points lower than in March 2025. The following sub-indices are lower than in March 2025: economic outlook, financial outlook and moment to make major purchases. The following sub-index has barely changed compared to March 2025: past financial situation.

In March 2026 the consumer sentiment index stood at –43 points. This is 8 points lower than in March 2025. The following sub-indices are lower than in March 2025: economic outlook, financial outlook and moment to make major purchases. The following sub-index has barely changed compared to March 2025: past financial situation.

Swiss consumer sentiment lower than a year ago

<h2>USD/JPY Gains Amid Geopolitical Tensions and Key US Inflation Data</h2>
During early European trading on Friday, the USD/JPY currency pair advanced toward the 159.30 level as buyers stepped in. The US Dollar found some support against the Japanese Yen, partly due to a tentative ceasefire between the United States and Iran.
Market participants are now focused on the upcoming US Consumer Price Index (CPI) report, scheduled for release later in the day. This data is expected to influence the Federal Reserve’s outlook on maintaining higher interest rates for an extended period. Analysts anticipate that headline CPI inflation will climb to 3.3% year-over-year in March, up from 2.4% in February, largely fueled by surging oil prices amid ongoing conflict in the Middle East.
Additionally, the core CPI is forecasted to increase to 2.7% in March, compared to 2.5% previously. If US inflation data exceeds expectations, it could further strengthen the US Dollar against the Yen in the short term.
On Thursday, US President Donald Trump expressed confidence that Iran would adhere to the terms of the ceasefire ahead of scheduled negotiations this weekend. He also cautioned that failure to comply could result in significant military action against Iran.
All eyes are on the pivotal discussions between US and Iranian officials set for Saturday in Pakistan. The US delegation will include Vice President JD Vance, special envoy Steve Witkoff, and Jared Kushner.
Meanwhile, Japanese Prime Minister Sanae Takaichi announced on Friday that the government is considering releasing around 20 days’ worth of additional oil reserves starting in early May. This initiative aims to ensure stable energy supplies at home, as shipping disruptions continue in the Strait of Hormuz.

USD/JPY Gains Amid Geopolitical Tensions and Key US Inflation Data During early European trading on Friday, the USD/JPY currency pair advanced toward the 159.30 level as buyers stepped in. The US Dollar found some support against the Japanese Yen, partly due to a tentative ceasefire between the United States and Iran. Market participants are now focused on the upcoming US Consumer Price Index (CPI) report, scheduled for release later in the day. This data is expected to influence the Federal Reserve’s outlook on maintaining higher interest rates for an extended period. Analysts anticipate that headline CPI inflation will climb to 3.3% year-over-year in March, up from 2.4% in February, largely fueled by surging oil prices amid ongoing conflict in the Middle East. Additionally, the core CPI is forecasted to increase to 2.7% in March, compared to 2.5% previously. If US inflation data exceeds expectations, it could further strengthen the US Dollar against the Yen in the short term. On Thursday, US President Donald Trump expressed confidence that Iran would adhere to the terms of the ceasefire ahead of scheduled negotiations this weekend. He also cautioned that failure to comply could result in significant military action against Iran. All eyes are on the pivotal discussions between US and Iranian officials set for Saturday in Pakistan. The US delegation will include Vice President JD Vance, special envoy Steve Witkoff, and Jared Kushner. Meanwhile, Japanese Prime Minister Sanae Takaichi announced on Friday that the government is considering releasing around 20 days’ worth of additional oil reserves starting in early May. This initiative aims to ensure stable energy supplies at home, as shipping disruptions continue in the Strait of Hormuz.

Japanese Yen slips as markets await US CPI inflation figures and US-Iran negotiations

<h2>Gold Market Trends: Institutional Activity and Geopolitical Influences</h2>
According to DBS Group Research economist Eugene Leow, gold prices have remained stable within a narrow band, even as energy markets experience significant fluctuations. Investors are closely monitoring upcoming US CPI figures, which are expected to play a pivotal role in market direction. The analysis points to increased institutional interest, reflected in a steady rise in ETF holdings following a dip at the end of March. Ongoing tensions in the Middle East and forthcoming US economic data continue to be major factors influencing gold's performance.

<h3>Rising Institutional Interest and Geopolitical Uncertainty</h3>
<ul>
 <li>Gold prices have remained largely unchanged overnight, showing limited movement despite considerable volatility in the energy sector.</li>
 <li>Concerns about the sustainability of the ceasefire in the Middle East, along with disruptions to commercial shipping through the Strait of Hormuz, have driven oil prices closer to the $100 mark.</li>
 <li>Despite these developments, real yields have stayed stable, with investors adopting a cautious approach ahead of the crucial US CPI announcement.</li>
 <li>Institutional investors have shown a marked increase in demand for gold over the past week.</li>
 <li>ETF holdings are on the rise, as institutions take advantage of recent price softness to build strategic positions. In the short term, market attention will be on upcoming US-Iran talks and whether shipping activity returns to normal soon.</li>
</ul>

This article was produced with assistance from an AI tool and reviewed by an editor.

Gold Market Trends: Institutional Activity and Geopolitical Influences According to DBS Group Research economist Eugene Leow, gold prices have remained stable within a narrow band, even as energy markets experience significant fluctuations. Investors are closely monitoring upcoming US CPI figures, which are expected to play a pivotal role in market direction. The analysis points to increased institutional interest, reflected in a steady rise in ETF holdings following a dip at the end of March. Ongoing tensions in the Middle East and forthcoming US economic data continue to be major factors influencing gold's performance. Rising Institutional Interest and Geopolitical Uncertainty Gold prices have remained largely unchanged overnight, showing limited movement despite considerable volatility in the energy sector. Concerns about the sustainability of the ceasefire in the Middle East, along with disruptions to commercial shipping through the Strait of Hormuz, have driven oil prices closer to the $100 mark. Despite these developments, real yields have stayed stable, with investors adopting a cautious approach ahead of the crucial US CPI announcement. Institutional investors have shown a marked increase in demand for gold over the past week. ETF holdings are on the rise, as institutions take advantage of recent price softness to build strategic positions. In the short term, market attention will be on upcoming US-Iran talks and whether shipping activity returns to normal soon. This article was produced with assistance from an AI tool and reviewed by an editor.

Gold: Sideways movement expected ahead of US CPI – DBS

<h2>NZD/USD Market Overview</h2>
NZD/USD has pulled back after four consecutive days of gains, dropping by 0.25% to approximately 0.5845 in early European trading on Friday. The currency pair is experiencing mild selling pressure as traders adopt a cautious stance ahead of upcoming discussions between the United States and Iran concerning Tehran's 10-point peace initiative, which aims for a lasting ceasefire.

Currently, S&P 500 futures are relatively flat near 6,825 following a two-day upswing, signaling a tranquil market environment. The US Dollar Index (DXY), which measures the dollar against six major currencies, has edged up by 0.1% to around 98.90.

Ongoing military actions involving Israel and Iran-backed Houthis in Lebanon have heightened uncertainty about the prospects for successful US-Iran negotiations scheduled in Pakistan this weekend.

<h2>Domestic Developments in New Zealand</h2>
The Reserve Bank of New Zealand (RBNZ) maintained its Official Cash Rate (OCR) at 2.25% on Wednesday, in line with expectations, and indicated that monetary policy is likely to remain on a tightening trajectory. RBNZ Governor Anna Breman commented, "Policy tightening could occur at each meeting or every other meeting, depending on circumstances," and noted, "The neutral rate is centered at 3.0% within a range."

In the United States, market participants are awaiting the release of the March Consumer Price Index (CPI) data, scheduled for publication at 12:30 GMT.

<h3>Technical Outlook for NZD/USD</h3>
As of the latest update, NZD/USD is trading lower near 0.5845. The daily chart reveals a slightly bullish short-term trend, with the pair holding above the 20-day Exponential Moving Average (EMA) at 0.5803. This positioning suggests that recent declines are likely to find support rather than continue downward.

The 14-day Relative Strength Index (RSI) has quickly moved into the 40.00-60.00 range from below 40.00, signaling the beginning of a bullish reversal rather than a simple correction.

<ul>
 <li>Key support is found at the 20-day EMA (0.5803). A daily close beneath this level could weaken the positive outlook and pave the way for a deeper pullback toward the April 3 high at 0.5754.</li>
 <li>If buyers maintain support at the EMA during dips, the pair may attempt further recovery, targeting the March 19 high at 0.5893.</li>
 <li>A clear break above 0.5893 would open the possibility for additional gains toward the March 10 high at 0.5965.</li>
</ul>

(Technical analysis for this article was assisted by an AI tool.)

NZD/USD Market Overview NZD/USD has pulled back after four consecutive days of gains, dropping by 0.25% to approximately 0.5845 in early European trading on Friday. The currency pair is experiencing mild selling pressure as traders adopt a cautious stance ahead of upcoming discussions between the United States and Iran concerning Tehran's 10-point peace initiative, which aims for a lasting ceasefire. Currently, S&P 500 futures are relatively flat near 6,825 following a two-day upswing, signaling a tranquil market environment. The US Dollar Index (DXY), which measures the dollar against six major currencies, has edged up by 0.1% to around 98.90. Ongoing military actions involving Israel and Iran-backed Houthis in Lebanon have heightened uncertainty about the prospects for successful US-Iran negotiations scheduled in Pakistan this weekend. Domestic Developments in New Zealand The Reserve Bank of New Zealand (RBNZ) maintained its Official Cash Rate (OCR) at 2.25% on Wednesday, in line with expectations, and indicated that monetary policy is likely to remain on a tightening trajectory. RBNZ Governor Anna Breman commented, "Policy tightening could occur at each meeting or every other meeting, depending on circumstances," and noted, "The neutral rate is centered at 3.0% within a range." In the United States, market participants are awaiting the release of the March Consumer Price Index (CPI) data, scheduled for publication at 12:30 GMT. Technical Outlook for NZD/USD As of the latest update, NZD/USD is trading lower near 0.5845. The daily chart reveals a slightly bullish short-term trend, with the pair holding above the 20-day Exponential Moving Average (EMA) at 0.5803. This positioning suggests that recent declines are likely to find support rather than continue downward. The 14-day Relative Strength Index (RSI) has quickly moved into the 40.00-60.00 range from below 40.00, signaling the beginning of a bullish reversal rather than a simple correction. Key support is found at the 20-day EMA (0.5803). A daily close beneath this level could weaken the positive outlook and pave the way for a deeper pullback toward the April 3 high at 0.5754. If buyers maintain support at the EMA during dips, the pair may attempt further recovery, targeting the March 19 high at 0.5893. A clear break above 0.5893 would open the possibility for additional gains toward the March 10 high at 0.5965. (Technical analysis for this article was assisted by an AI tool.)

NZD/USD Price Outlook: Rebound stalls near 0.5870 as markets await US-Iran negotiations

<div class="ce-single-post-content-block"> 
 Changpeng Zhao is not ready to write off NFTs or DAOs. In a recent interview, the Binance founder said both narratives will return, just not in the form most people remember. 
 “I think many things will have a second wind, but the second wind will most likely be a little bit different,” CZ said. He noted that concepts like DAOs and NFTs may evolve into new iterations, sometimes referred to as “NFT2,” while still carrying similar ideas. 
 On tokenized art, he added that it is likely to regain momentum multiple times in the future, even if the timing of a sustained breakout remains uncertain. He expects tokenization of art and similar assets to eventually become significantly larger than current levels. 
 CZ’s bullish outlook comes at a time when the market is still reflecting on the fallout and fading hype from the 2021 boom cycle. 
 NFTs peaked in early 2022 at the height of one of crypto’s most speculative periods. A 2023 analysis found that 95% of NFT collections had become essentially worthless. By 2025, the overall NFT art market had declined 93% from its peak.&nbsp; 
 Bored Ape Yacht Club NFTs, which were changing hands for hundreds of thousands of dollars at peak mania, fell over 80% from their highs.&nbsp; 
 An estimated 60% of NFT trades in early 2022 were wash trading, meaning buyers and sellers were effectively the same entity, inflating prices artificially. When the broader crypto market turned, the NFT market had nothing to fall back on. (adsbygoogle = window.adsbygoogle || []).push({}); 
 CZ’s argument is not that the last cycle was justified. It is that the technology underneath it was real and still maturing. 
 He drew a comparison to DAOs, which have existed as a concept for years without ever truly breaking through. “DAOs haven’t really taken off, to be honest,” he said. But he compared it to video streaming in the early 2010s, a technology that existed, worked poorly, frustrated users, and then quietly became the dominant form of entertainment consumption within a decade. 
 His point was about timing, not viability. CZ said that the infrastructure was not ready and the user experience was not there. CZ’s view is that the next iteration will arrive with a tweak, the kind of small adjustment that makes something that previously failed suddenly work at scale. 
 Related: NFT Debate Deepens as Experts Clash on Market’s Future 
</div>

Changpeng Zhao is not ready to write off NFTs or DAOs. In a recent interview, the Binance founder said both narratives will return, just not in the form most people remember. “I think many things will have a second wind, but the second wind will most likely be a little bit different,” CZ said. He noted that concepts like DAOs and NFTs may evolve into new iterations, sometimes referred to as “NFT2,” while still carrying similar ideas. On tokenized art, he added that it is likely to regain momentum multiple times in the future, even if the timing of a sustained breakout remains uncertain. He expects tokenization of art and similar assets to eventually become significantly larger than current levels. CZ’s bullish outlook comes at a time when the market is still reflecting on the fallout and fading hype from the 2021 boom cycle. NFTs peaked in early 2022 at the height of one of crypto’s most speculative periods. A 2023 analysis found that 95% of NFT collections had become essentially worthless. By 2025, the overall NFT art market had declined 93% from its peak. Bored Ape Yacht Club NFTs, which were changing hands for hundreds of thousands of dollars at peak mania, fell over 80% from their highs. An estimated 60% of NFT trades in early 2022 were wash trading, meaning buyers and sellers were effectively the same entity, inflating prices artificially. When the broader crypto market turned, the NFT market had nothing to fall back on. (adsbygoogle = window.adsbygoogle || []).push({}); CZ’s argument is not that the last cycle was justified. It is that the technology underneath it was real and still maturing. He drew a comparison to DAOs, which have existed as a concept for years without ever truly breaking through. “DAOs haven’t really taken off, to be honest,” he said. But he compared it to video streaming in the early 2010s, a technology that existed, worked poorly, frustrated users, and then quietly became the dominant form of entertainment consumption within a decade. His point was about timing, not viability. CZ said that the infrastructure was not ready and the user experience was not there. CZ’s view is that the next iteration will arrive with a tweak, the kind of small adjustment that makes something that previously failed suddenly work at scale. Related: NFT Debate Deepens as Experts Clash on Market’s Future

CZ Says NFTs and DAOs Are Coming Back and the Next Version Will Look Different

<div class="article_content"> On April 1, 2026, Bloomberg broke the news: there are six institutional shareholders of OpenAI—including some hedge funds and well-known VCs—looking to sell about $600 million worth of OpenAI shares through the secondary market platform Next Round Capital. The platform reached out to hundreds of institutional buyers, but couldn’t find a single taker. The timing of this news was very subtle. In the same week, OpenAI announced the completion of a $122 billion new round of financing, pushing its valuation to $852 billion, setting a global valuation record for unicorns. Meanwhile, there was also news that OpenAI is busy preparing for an IPO as soon as the fourth quarter of this year. On one side, there is a capital frenzy; on the other, there's old stock that no one wants to buy. As the highest-funded startup in history, OpenAI is indeed facing a rather complex situation. On April 7, another AI giant, Anthropic, announced that its annualized recurring revenue (ARR) had surpassed $30 billion, exceeding the $25 billion previously disclosed by OpenAI. For a while, “OpenAI’s revenue surpassed by Anthropic” again made headlines. Coupled with bad news like the loss of key personnel and setbacks in trillion-dollar infrastructure plans, the uncertainty surrounding OpenAI’s potential IPO this year is only increasing. From Hot Commodity to Hard Sell How difficult is it to sell OpenAI’s old shares? In a media interview, Next Round Capital founder Ken Smythe was blunt: “We can’t find any institutional investors willing to take these shares off our hands, and we have resources from hundreds of institutions.” Next Round Capital is a platform that has facilitated $2.5 billion in cumulative transactions, but has met unprecedented cold reception with OpenAI’s old shares. This would have been unthinkable a year ago—at that time, OpenAI shares of similar volume would sell out in just a few days. To add insult to injury, Ken Smythe mentioned buyers told him they have $2 billion in cash waiting to buy Anthropic shares. It’s not just Next Round Capital; platforms like Augment, Hiive, and other SPV (Special Purpose Vehicle) trading platforms are also seeing investors flocking to Anthropic and snubbing OpenAI. Augment co-founder Adam Crawley said, everyone thinks Anthropic’s valuation can catch up with OpenAI, so they want to get in quickly. In fact, on the secondary share market, Anthropic’s valuation is already approaching OpenAI’s. Adam Crawley said OpenAI’s trading valuation is about $765 billion, 10% lower than its previous financing round; meanwhile, Anthropic’s trading valuation has reached $600 billion, more than 50% higher than its previous valuation. Wall Street banks’ actions are even more telling. Reports state that investment banks such as Morgan Stanley and Goldman Sachs have begun offering OpenAI shares to high-net-worth clients without charging performance fees. Meanwhile, Goldman Sachs continues to charge the usual 15% to 20% profit-sharing fee to clients investing in Anthropic. Of course, OpenAI’s old shares being a “hard sell” isn’t entirely the company’s fault. On one hand, OpenAI has been hinting that an IPO is coming soon. As is well known, there can be no arbitrage gap between primary and secondary markets in US stocks; for a company about to go public, it’s often a better deal to buy post-IPO on the open market than to buy old shares privately. So, a lack of buyers now is normal. On the other hand, OpenAI’s old share supply is much larger than that of most startups. Its valuation has grown so rapidly that early shareholders have already reaped astronomical returns and are eager to cash out. Another non-trivial factor is that OpenAI reorganized from a nonprofit to a regular company last October, which changed the way many employees’ shares were valued. To simplify: because the stock value suddenly increased, many employees had to sell some shares just to pay their income taxes. But the above doesn’t explain everything. After all, Anthropic is also rumored to be going public soon, yet its old shares remain incredibly popular. When buyers collectively turn to a competitor, OpenAI’s problem isn’t just that “someone wants to cash out.” A Major Defeat in the B2B Market, Burdened by the B2C Side On April 7, Anthropic announced a blockbuster figure: its annualized recurring revenue (ARR) had exceeded $30 billion, instantly overtaking the $25 billion OpenAI previously announced, making it the world’s highest revenue-generating AI unicorn. This figure has again transformed market perceptions of AI company growth. In January 2025, Anthropic’s ARR was just $1 billion; by the end of 2025, it had risen to $9 billion. Then, within four months, it leapt from $9 billion to $30 billion. OpenAI’s growth rate isn’t slow either, but pales in comparison. OpenAI’s revenue for 2025 was about $13.1 billion; by January 2026, its annualized revenue surpassed $20 billion, and by early March had reached $25 billion. It should be noted that the two companies calculate revenue differently. OpenAI uses the “net method” for income generated through cloud platform model distribution, meaning it only counts its own share. Anthropic, on the other hand, uses a “gross method,” including all amounts charged to customers. According to Bank of America analysts, in 2026, Anthropic will need to pay cloud platforms up to $6.4 billion in revenue sharing. So, calculated using the same standard, Anthropic’s actual revenue may still be slightly below OpenAI’s. But the core issue isn’t total revenue, but rather B2B market share. Even considering methodological differences, Anthropic’s advantage in the B2B market is already overwhelming. The current core B2B market for AI large models is code generation. At the moment, the Anthropic Claude large model has captured 42% to 54% of the global code generation market, while OpenAI has only 21%. In the enterprise agent market, Anthropic holds 40%, OpenAI has 27%. Incremental share is even more critical. According to Ramp data, among companies procuring new AI services in March 2026, as many as 65% chose Anthropic, while only 32% chose OpenAI. Anthropic's Claude large model not only writes code well, but is also considered by clients to be more natural and logically rigorous, without redundant “preaching” tone, so needs less human intervention in drafting legal documents or complex technical reports than GPT models. By April 2026, Anthropic already had more than 1,000 enterprise customers spending over $1 million per year, doubling from just two months prior. API calls and enterprise customized services already account for more than 80% of Anthropic’s revenue. In short, in the most profitable B2B market, OpenAI has already fallen fully behind Anthropic. Even more frustrating, Anthropic accomplished this with much lower costs than OpenAI. According to The Wall Street Journal, OpenAI’s annual training costs will reach $125 billion by 2030, while Anthropic needs only about $30 billion—a fourfold cost difference. With revenue soaring, Anthropic may achieve positive cash flow by 2027, while OpenAI is still far from break-even. Facing growing competitive pressure, OpenAI has had to adjust its strategy frequently in recent months—sometimes even appearing indecisive to outsiders. At the start of 2026, OpenAI shut down Sora, the video generation model that once stunned the world. The reason was simple: Sora’s daily operating costs were between $10 to $15 million (UTC+8), and throughout its lifetime it earned just $2.1 million. The decision was abrupt—just before the shutdown was announced, OpenAI had finalized a $1 billion deal with Disney. At the end of 2025, Sam Altman issued an internal memo at OpenAI, code-named “Code Red,” making it clear: The company would shift resources away from long-term research projects to focus on improving ChatGPT’s speed, personalization, and reliability. The only place OpenAI still maintains overwhelming dominance is the B2C segment. ChatGPT currently has over 900 million weekly active users, far exceeding any other competitor. The problem is, more than 98% of these are free users—they use vast amounts of OpenAI’s computing resources with little revenue in return. In February 2026, OpenAI tried to introduce ads into ChatGPT, causing massive controversy. The irony is clear: everyone knows Sam Altman despises Google, but OpenAI is now exactly what he hated most—using algorithms as bait and selling traffic to advertisers. The Global AI Foundation Model Leaderboard Gets Shuffled The good news is, OpenAI’s money-raising ability is still top-notch. In the latest $122 billion financing round, Amazon put in $50 billion, Nvidia contributed $30 billion. These aren’t ordinary financial investors: more than investment returns, they care about strategic value. Amazon provides OpenAI with computing power via AWS, essentially binding itself to a super client. Nvidia is the “pick and shovel” seller—OpenAI’s capacity expansion means more GPU orders. Even if OpenAI’s valuation drops, both companies have already locked in returns through computing and cloud service contracts. However, OpenAI no longer commands the dominance it did when it first burst onto the scene. Back then, OpenAI thought it could win the AI race by raising the most money, binding the biggest partners, and launching the grandest AI infrastructure projects. That’s clearly proven to be an oversimplification. At this moment, the global large AI model competitive landscape is being reshuffled once again. As for top U.S. players, Anthropic’s rise has already been described—now, its market standing is shifting from a “follower” to OpenAI’s “rival on equal footing.” Some analysts even predict Anthropic will become the world’s highest-valued AI company by the end of 2026. Meanwhile, Musk’s xAI has fallen far behind. In January 2026, xAI lost its independence after being acquired by SpaceX, then most of its co-founder team left. Whether in model capabilities or revenue, xAI is no longer on the same level as other top players. Google’s Gemini has chosen a different path. Instead of chasing the “strongest model,” Google is taking a differentiated B2C approach, leveraging its powerful ecosystem. Gemini is deeply integrated into the entire Google ecosystem, aiming to lock in users via its all-encompassing presence. Across the Pacific, Chinese AI players are rapidly catching up to the world’s top level. On OpenRouter—the world’s largest AI model aggregation platform—Chinese models accounted for less than 2% of calls in 2024. But in the week from late March to early April 2026, Chinese models processed 12.96 trillion tokens—a figure more than four times greater than U.S. models. Six of the top ten models by platform call volume were Chinese. This AI foundation model battle is proving to be much longer than many expected. In early 2025, Musk said the competitive landscape of AI was set: the U.S. would have a few top players, China might have several, and other companies would have little chance. Few would have guessed that by 2026, the roster of competitors is still shifting. Not only are the players changing, but the competition logic has also changed—victory is no longer about having the most parameters, the biggest funding, or the grandest narratives, but about creating the most value for users at the lowest cost, highest efficiency, and most accurate market positioning. This “old stock hard to sell” incident, is merely the prelude to this turning point. </div>

On April 1, 2026, Bloomberg broke the news: there are six institutional shareholders of OpenAI—including some hedge funds and well-known VCs—looking to sell about $600 million worth of OpenAI shares through the secondary market platform Next Round Capital. The platform reached out to hundreds of institutional buyers, but couldn’t find a single taker. The timing of this news was very subtle. In the same week, OpenAI announced the completion of a $122 billion new round of financing, pushing its valuation to $852 billion, setting a global valuation record for unicorns. Meanwhile, there was also news that OpenAI is busy preparing for an IPO as soon as the fourth quarter of this year. On one side, there is a capital frenzy; on the other, there's old stock that no one wants to buy. As the highest-funded startup in history, OpenAI is indeed facing a rather complex situation. On April 7, another AI giant, Anthropic, announced that its annualized recurring revenue (ARR) had surpassed $30 billion, exceeding the $25 billion previously disclosed by OpenAI. For a while, “OpenAI’s revenue surpassed by Anthropic” again made headlines. Coupled with bad news like the loss of key personnel and setbacks in trillion-dollar infrastructure plans, the uncertainty surrounding OpenAI’s potential IPO this year is only increasing. From Hot Commodity to Hard Sell How difficult is it to sell OpenAI’s old shares? In a media interview, Next Round Capital founder Ken Smythe was blunt: “We can’t find any institutional investors willing to take these shares off our hands, and we have resources from hundreds of institutions.” Next Round Capital is a platform that has facilitated $2.5 billion in cumulative transactions, but has met unprecedented cold reception with OpenAI’s old shares. This would have been unthinkable a year ago—at that time, OpenAI shares of similar volume would sell out in just a few days. To add insult to injury, Ken Smythe mentioned buyers told him they have $2 billion in cash waiting to buy Anthropic shares. It’s not just Next Round Capital; platforms like Augment, Hiive, and other SPV (Special Purpose Vehicle) trading platforms are also seeing investors flocking to Anthropic and snubbing OpenAI. Augment co-founder Adam Crawley said, everyone thinks Anthropic’s valuation can catch up with OpenAI, so they want to get in quickly. In fact, on the secondary share market, Anthropic’s valuation is already approaching OpenAI’s. Adam Crawley said OpenAI’s trading valuation is about $765 billion, 10% lower than its previous financing round; meanwhile, Anthropic’s trading valuation has reached $600 billion, more than 50% higher than its previous valuation. Wall Street banks’ actions are even more telling. Reports state that investment banks such as Morgan Stanley and Goldman Sachs have begun offering OpenAI shares to high-net-worth clients without charging performance fees. Meanwhile, Goldman Sachs continues to charge the usual 15% to 20% profit-sharing fee to clients investing in Anthropic. Of course, OpenAI’s old shares being a “hard sell” isn’t entirely the company’s fault. On one hand, OpenAI has been hinting that an IPO is coming soon. As is well known, there can be no arbitrage gap between primary and secondary markets in US stocks; for a company about to go public, it’s often a better deal to buy post-IPO on the open market than to buy old shares privately. So, a lack of buyers now is normal. On the other hand, OpenAI’s old share supply is much larger than that of most startups. Its valuation has grown so rapidly that early shareholders have already reaped astronomical returns and are eager to cash out. Another non-trivial factor is that OpenAI reorganized from a nonprofit to a regular company last October, which changed the way many employees’ shares were valued. To simplify: because the stock value suddenly increased, many employees had to sell some shares just to pay their income taxes. But the above doesn’t explain everything. After all, Anthropic is also rumored to be going public soon, yet its old shares remain incredibly popular. When buyers collectively turn to a competitor, OpenAI’s problem isn’t just that “someone wants to cash out.” A Major Defeat in the B2B Market, Burdened by the B2C Side On April 7, Anthropic announced a blockbuster figure: its annualized recurring revenue (ARR) had exceeded $30 billion, instantly overtaking the $25 billion OpenAI previously announced, making it the world’s highest revenue-generating AI unicorn. This figure has again transformed market perceptions of AI company growth. In January 2025, Anthropic’s ARR was just $1 billion; by the end of 2025, it had risen to $9 billion. Then, within four months, it leapt from $9 billion to $30 billion. OpenAI’s growth rate isn’t slow either, but pales in comparison. OpenAI’s revenue for 2025 was about $13.1 billion; by January 2026, its annualized revenue surpassed $20 billion, and by early March had reached $25 billion. It should be noted that the two companies calculate revenue differently. OpenAI uses the “net method” for income generated through cloud platform model distribution, meaning it only counts its own share. Anthropic, on the other hand, uses a “gross method,” including all amounts charged to customers. According to Bank of America analysts, in 2026, Anthropic will need to pay cloud platforms up to $6.4 billion in revenue sharing. So, calculated using the same standard, Anthropic’s actual revenue may still be slightly below OpenAI’s. But the core issue isn’t total revenue, but rather B2B market share. Even considering methodological differences, Anthropic’s advantage in the B2B market is already overwhelming. The current core B2B market for AI large models is code generation. At the moment, the Anthropic Claude large model has captured 42% to 54% of the global code generation market, while OpenAI has only 21%. In the enterprise agent market, Anthropic holds 40%, OpenAI has 27%. Incremental share is even more critical. According to Ramp data, among companies procuring new AI services in March 2026, as many as 65% chose Anthropic, while only 32% chose OpenAI. Anthropic's Claude large model not only writes code well, but is also considered by clients to be more natural and logically rigorous, without redundant “preaching” tone, so needs less human intervention in drafting legal documents or complex technical reports than GPT models. By April 2026, Anthropic already had more than 1,000 enterprise customers spending over $1 million per year, doubling from just two months prior. API calls and enterprise customized services already account for more than 80% of Anthropic’s revenue. In short, in the most profitable B2B market, OpenAI has already fallen fully behind Anthropic. Even more frustrating, Anthropic accomplished this with much lower costs than OpenAI. According to The Wall Street Journal, OpenAI’s annual training costs will reach $125 billion by 2030, while Anthropic needs only about $30 billion—a fourfold cost difference. With revenue soaring, Anthropic may achieve positive cash flow by 2027, while OpenAI is still far from break-even. Facing growing competitive pressure, OpenAI has had to adjust its strategy frequently in recent months—sometimes even appearing indecisive to outsiders. At the start of 2026, OpenAI shut down Sora, the video generation model that once stunned the world. The reason was simple: Sora’s daily operating costs were between $10 to $15 million (UTC+8), and throughout its lifetime it earned just $2.1 million. The decision was abrupt—just before the shutdown was announced, OpenAI had finalized a $1 billion deal with Disney. At the end of 2025, Sam Altman issued an internal memo at OpenAI, code-named “Code Red,” making it clear: The company would shift resources away from long-term research projects to focus on improving ChatGPT’s speed, personalization, and reliability. The only place OpenAI still maintains overwhelming dominance is the B2C segment. ChatGPT currently has over 900 million weekly active users, far exceeding any other competitor. The problem is, more than 98% of these are free users—they use vast amounts of OpenAI’s computing resources with little revenue in return. In February 2026, OpenAI tried to introduce ads into ChatGPT, causing massive controversy. The irony is clear: everyone knows Sam Altman despises Google, but OpenAI is now exactly what he hated most—using algorithms as bait and selling traffic to advertisers. The Global AI Foundation Model Leaderboard Gets Shuffled The good news is, OpenAI’s money-raising ability is still top-notch. In the latest $122 billion financing round, Amazon put in $50 billion, Nvidia contributed $30 billion. These aren’t ordinary financial investors: more than investment returns, they care about strategic value. Amazon provides OpenAI with computing power via AWS, essentially binding itself to a super client. Nvidia is the “pick and shovel” seller—OpenAI’s capacity expansion means more GPU orders. Even if OpenAI’s valuation drops, both companies have already locked in returns through computing and cloud service contracts. However, OpenAI no longer commands the dominance it did when it first burst onto the scene. Back then, OpenAI thought it could win the AI race by raising the most money, binding the biggest partners, and launching the grandest AI infrastructure projects. That’s clearly proven to be an oversimplification. At this moment, the global large AI model competitive landscape is being reshuffled once again. As for top U.S. players, Anthropic’s rise has already been described—now, its market standing is shifting from a “follower” to OpenAI’s “rival on equal footing.” Some analysts even predict Anthropic will become the world’s highest-valued AI company by the end of 2026. Meanwhile, Musk’s xAI has fallen far behind. In January 2026, xAI lost its independence after being acquired by SpaceX, then most of its co-founder team left. Whether in model capabilities or revenue, xAI is no longer on the same level as other top players. Google’s Gemini has chosen a different path. Instead of chasing the “strongest model,” Google is taking a differentiated B2C approach, leveraging its powerful ecosystem. Gemini is deeply integrated into the entire Google ecosystem, aiming to lock in users via its all-encompassing presence. Across the Pacific, Chinese AI players are rapidly catching up to the world’s top level. On OpenRouter—the world’s largest AI model aggregation platform—Chinese models accounted for less than 2% of calls in 2024. But in the week from late March to early April 2026, Chinese models processed 12.96 trillion tokens—a figure more than four times greater than U.S. models. Six of the top ten models by platform call volume were Chinese. This AI foundation model battle is proving to be much longer than many expected. In early 2025, Musk said the competitive landscape of AI was set: the U.S. would have a few top players, China might have several, and other companies would have little chance. Few would have guessed that by 2026, the roster of competitors is still shifting. Not only are the players changing, but the competition logic has also changed—victory is no longer about having the most parameters, the biggest funding, or the grandest narratives, but about creating the most value for users at the lowest cost, highest efficiency, and most accurate market positioning. This “old stock hard to sell” incident, is merely the prelude to this turning point.

Old OpenAI shares are not selling well

<div class="text-justify"> 
 TAIPEI, April 10, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for March and 1 
 <div>
 st 
 </div> quarter of 2025.
 
 
 <div>
 CONSOLIDATED NET REVENUES (UNAUDITED) 
 </div>
 
 <div> 
 <table border="0" cellspacing="0" cellpadding="1"> 
 <tbody> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Feb</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(NT$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">61,577</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">52,097</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">53,748</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+18.2&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+14.6&nbsp;%</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Feb</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(US$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">1,949</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">1,653</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">1,638</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+17.9&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+19.0&nbsp;%</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q4</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(NT$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">173,662</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">177,915</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">148,153</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">-2.4&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+17.2&nbsp;%</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q4</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(US$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">5,508</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">5,763</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">4,518</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">-4.4&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+21.9&nbsp;%</td> 
 </tr> 
 </tbody> 
 </table> 
 </div> 
 Net revenues for ATM assembly, testing and material business are as follows: 
 
 <div>
 ATM NET REVENUES (UNAUDITED) 
 </div>
 
 <div> 
 <table border="0" cellspacing="0" cellpadding="1"> 
 <tbody> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Feb</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(NT$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">39,823</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">34,972</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">31,198</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+13.9&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+27.6&nbsp;%</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Feb</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Mar</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(US$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">1,261</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">1,110</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">951</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+13.6&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+32.6&nbsp;%</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q4</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(NT$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">112,434</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">109,707</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">86,668</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+2.5&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+29.7&nbsp;%</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q4</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Q1</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Sequential</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">YoY</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">(US$ Million)</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2026</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2025</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">Change</td> 
 </tr> 
 <tr> 
 <td colspan="1" rowspan="1">Net Revenues</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">3,566</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">3,553</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">2,643</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+0.4&nbsp;%</td> 
 <td colspan="1" rowspan="1"> </td> 
 <td colspan="1" rowspan="1">+34.9&nbsp;%</td> 
 </tr> 
 </tbody> 
 </table> 
 </div> 
 *This press release is intended to comply with Taiwan regulatory requirements. 
 
</div>

TAIPEI, April 10, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for March and 1 st quarter of 2025. CONSOLIDATED NET REVENUES (UNAUDITED) Mar Feb Mar Sequential YoY (NT$ Million) 2026 2026 2025 Change Change Net Revenues 61,577 52,097 53,748 +18.2 % +14.6 % Mar Feb Mar Sequential YoY (US$ Million) 2026 2026 2025 Change Change Net Revenues 1,949 1,653 1,638 +17.9 % +19.0 % Q1 Q4 Q1 Sequential YoY (NT$ Million) 2026 2025 2025 Change Change Net Revenues 173,662 177,915 148,153 -2.4 % +17.2 % Q1 Q4 Q1 Sequential YoY (US$ Million) 2026 2025 2025 Change Change Net Revenues 5,508 5,763 4,518 -4.4 % +21.9 % Net revenues for ATM assembly, testing and material business are as follows: ATM NET REVENUES (UNAUDITED) Mar Feb Mar Sequential YoY (NT$ Million) 2026 2026 2025 Change Change Net Revenues 39,823 34,972 31,198 +13.9 % +27.6 % Mar Feb Mar Sequential YoY (US$ Million) 2026 2026 2025 Change Change Net Revenues 1,261 1,110 951 +13.6 % +32.6 % Q1 Q4 Q1 Sequential YoY (NT$ Million) 2026 2025 2025 Change Change Net Revenues 112,434 109,707 86,668 +2.5 % +29.7 % Q1 Q4 Q1 Sequential YoY (US$ Million) 2026 2025 2025 Change Change Net Revenues 3,566 3,553 2,643 +0.4 % +34.9 % *This press release is intended to comply with Taiwan regulatory requirements.

ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

<div> 
 Danske Research Team reports that global <a href="https://www.fxstreet.com/markets/equities">equities</a> extended gains, led by US markets, with cyclical sectors outperforming while defensive and low-volatility names lag. The VIX has fallen back below 20, and Asian equities and European futures are trading higher, suggesting risk appetite remains resilient despite ongoing geopolitical tensions. 
 <h2 class="fxs_headline_from_medium_to_large">Cyclicals lead while defensives unwind</h2> 
 "Equities continued higher yesterday, led by the US, and the week is increasingly shaping up as a full reversal on the equity side. We have seen pronounced cyclical outperformance, while low-vol/defensive equities have been aggressively unwound." 
 "With VIX now back below 20, this should serve as a yet another reminder of how markets behave in periods characterised by elevated geopolitical noise, a still-solid macro backdrop, and late-cycle exuberance. In such environments, the behavioural component becomes critical highlighting the risk of 'running after the market' when breaking <a href="https://www.fxstreet.com/news">news</a> hits the screen continuously." 
 "Despite the strong focus on Iran, an equally important theme is unfolding beneath the surface, both for equities and for broader asset allocation, including private equity and private credit. Namely, that 'tech is no longer just tech'. Software continues to lag meaningfully and yesterday was another clear example: software was the worst-performing segment, while semiconductors outperformed sharply, by ~4pp in the US and ~7pp in Europe on the day alone." 
 "Zooming out, this is a continuation of a trend we highlighted months ago in our "When tech disrupts tech" editorial. Over the past nine months, hardware has been the best-performing industry in the US, while software has been the worst, leaving hardware outperforming software by ~125 percentage point (!) over the period." 
 "This morning, Asian equities are trading higher, European futures are pointing up, while US futures are broadly flat." 
 (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.) 
</div>

Danske Research Team reports that global equities extended gains, led by US markets, with cyclical sectors outperforming while defensive and low-volatility names lag. The VIX has fallen back below 20, and Asian equities and European futures are trading higher, suggesting risk appetite remains resilient despite ongoing geopolitical tensions. Cyclicals lead while defensives unwind "Equities continued higher yesterday, led by the US, and the week is increasingly shaping up as a full reversal on the equity side. We have seen pronounced cyclical outperformance, while low-vol/defensive equities have been aggressively unwound." "With VIX now back below 20, this should serve as a yet another reminder of how markets behave in periods characterised by elevated geopolitical noise, a still-solid macro backdrop, and late-cycle exuberance. In such environments, the behavioural component becomes critical highlighting the risk of 'running after the market' when breaking news hits the screen continuously." "Despite the strong focus on Iran, an equally important theme is unfolding beneath the surface, both for equities and for broader asset allocation, including private equity and private credit. Namely, that 'tech is no longer just tech'. Software continues to lag meaningfully and yesterday was another clear example: software was the worst-performing segment, while semiconductors outperformed sharply, by ~4pp in the US and ~7pp in Europe on the day alone." "Zooming out, this is a continuation of a trend we highlighted months ago in our "When tech disrupts tech" editorial. Over the past nine months, hardware has been the best-performing industry in the US, while software has been the worst, leaving hardware outperforming software by ~125 percentage point (!) over the period." "This morning, Asian equities are trading higher, European futures are pointing up, while US futures are broadly flat." (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Equities: Cyclical rally extends as volatility eases – Danske Bank

Bitget spot margin will remove the following trading pairs and close the trading function at 03:00 on April 17, 2026 (UTC):&nbsp;
OXT/USDT, ARK/USDT
(All will be referred to as “relevant trading pair” in the following content.)
&nbsp;
<div>The details are as follows:</div>
Suspension of transfer and borrowing services
<div>Bitget has suspended the transfer and borrowing services for relevant trading pairs in spot margin trading.</div>
Positions will be closed and liquidated, and the trading feature will be unavailable
Bitget will automatically close the positions of users who still hold positions in the relevant pair at 03:00 on April 17, 2026 (UTC)., cancel all pending orders in the margin accounts for the relevant pairs, and liquidate any outstanding liabilities of users. Margin trading services of the relevant trading pairs will be closed. Assets related to the relevant trading pairs will be transferred to spot account automatically.
Users are strongly advised to close positions, withdraw orders, repay loans, and transfer funds related to the relevant pairs beforehand to avoid any potential losses. For Cross-margin, your position of all the tokens may be liquidated to transfer delisted tokens to spot account.
Thank you for your support and understanding!
&nbsp;
Risk warning:
Cryptocurrencies are subject to market risk and volatility, and your investments are at your sole discretion, and you are solely responsible and liable for the potential risks associated with your transactions. Bitget assumes no responsibility. Margin trading has the potential for higher returns and higher risks. Your margins and balances may be liquidated in the event of market fluctuations. Be aware of the risks involved and prepare appropriate risk response strategies in a timely manner. The information provided here should not be considered as financial or investment advice.

Bitget spot margin will remove the following trading pairs and close the trading function at 03:00 on April 17, 2026 (UTC): OXT/USDT, ARK/USDT (All will be referred to as “relevant trading pair” in the following content.) The details are as follows: Suspension of transfer and borrowing services Bitget has suspended the transfer and borrowing services for relevant trading pairs in spot margin trading. Positions will be closed and liquidated, and the trading feature will be unavailable Bitget will automatically close the positions of users who still hold positions in the relevant pair at 03:00 on April 17, 2026 (UTC)., cancel all pending orders in the margin accounts for the relevant pairs, and liquidate any outstanding liabilities of users. Margin trading services of the relevant trading pairs will be closed. Assets related to the relevant trading pairs will be transferred to spot account automatically. Users are strongly advised to close positions, withdraw orders, repay loans, and transfer funds related to the relevant pairs beforehand to avoid any potential losses. For Cross-margin, your position of all the tokens may be liquidated to transfer delisted tokens to spot account. Thank you for your support and understanding! Risk warning: Cryptocurrencies are subject to market risk and volatility, and your investments are at your sole discretion, and you are solely responsible and liable for the potential risks associated with your transactions. Bitget assumes no responsibility. Margin trading has the potential for higher returns and higher risks. Your margins and balances may be liquidated in the event of market fluctuations. Be aware of the risks involved and prepare appropriate risk response strategies in a timely manner. The information provided here should not be considered as financial or investment advice.

Bitget Spot Margin Announcement on Suspension of OXT/USDT, ARK/USDT Margin Trading Services

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