Global Markets

As global uncertainty increases, Taiwan is considering establishing a Bitcoin reserve to strengthen financial resilience, ensure autonomy, and hedge geopolitical risks. Despite facing price volatility and regulatory challenges, successful implementation would boost demand for Bitcoin and provide a reference for other countries.

According to Gate News, cryptocurrency-related stocks generally fell before the U.S. market opened on April 2. COIN was down 3.14%, MSTR fell 2.27%, SBET dropped 4.33%, and BMNR declined 4.42%. msx.com is a decentralized RWA trading platform.

According to SoSoValue data, the 12 U.S.-listed Bitcoin spot ETFs saw net inflows of $1.32 billion in March, ending four consecutive months of outflows. Bitcoin had previously been divested due to extreme price volatility, but as capital returned, market momentum began to shift, and ETF holdings also started to rise again.

Moody’s assigned a Ba2 rating to the bonds issued by Waverose Finance for its financial project, using Bitcoin as collateral, demonstrating that Bitcoin is gradually being integrated into the institutional credit system. In the short term, Bitcoin’s application in credit markets shows its flexibility as a collateral asset, which may influence the design of future credit structures, provide new financing channels, and also introduce potential risks.

April 1, 2026, U.S. spot Bitcoin ETFs saw net outflows of $173.73 million, with cumulative net redemptions of about $500 million in the first quarter, the worst start since 2018. Grayscale products showed diverging performance: the low-fee Bitcoin mini trust attracted inflows, indicating institutional investors are adjusting their strategy. Ethereum ETFs also face pressure, and the market needs to watch future institutional demand and regulatory changes.

In March 2026, Brent crude oil prices surged by 60%, marking the largest increase since 1988, mainly due to supply concerns triggered by conflicts in the Middle East. The high oil prices intensify global inflation, putting pressure on transportation and manufacturing costs, while also affecting the stock and cryptocurrency markets. Analysts noted that this jump is unusual and said investors should watch how geopolitical developments could potentially impact the market.

New Hampshire plans to issue $100 million in Bitcoin-backed municipal bonds, rated Ba2 by Moody’s, indicating speculative-grade status. The bonds rely on Bitcoin collateral without state backing, highlighting a mix of crypto and traditional finance principles.

SpaceX submitted a confidential IPO registration draft to the U.S. Securities and Exchange Commission, and is expected to go public in June. The fundraising size could be as much as $75 billion, with a valuation exceeding $1.75 trillion—potentially breaking IPO records. Despite the promising outlook, it still faces market uncertainty, with far-reaching implications for technology investment and the capital markets.

In his remarks, Trump said that the U.S. military would complete its strategic mission against Iran, prompting a cautious reaction in the markets. Brent crude oil prices rose, stocks fell, and risk-averse sentiment intensified. Iran has taken a hardline stance and clearly demanded a toll payment; the situation remains unclear, and geopolitical risks may continue to affect the markets.

Circle (CRCL) stock price continues to weaken, affected by multiple factors such as regulatory repricing and others. At the same time, market participants are re-evaluating its profitability as Tether’s market expansion intensifies competition and impacts Circle’s market share. Profit-taking and strategic de-risking have led to price volatility, reflecting deeper changes in the crypto industry; the market is gradually shifting toward fundamentals-driven dynamics.

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

In March 2026, US spot Bitcoin ETFs saw their first monthly inflow of $1.32 billion, despite significant redemptions in January and February, leaving the quarter with a net outflow of $500 million. Demand returned, but confidence remains fragile amid geopolitical tensions.

Axe Compute (NASDAQ: AGPU) released its FY2025 annual financial report, showing a total contract amount of $12 million over the past 30 days, an estimated Q2 revenue of $835,000, and more than 20 clients. Following the earnings release, AGPU’s stock price surged by up to 152%, with trading volume reaching a record high. All computing power is supplied by the Aethir network, covering 94 countries and deploying over 435,000 GPUs.

OpenAI Chief Operating Officer Brad Lightcap said that, amid rapid AI development, traditional software companies are actively pivoting and deeply integrating AI capabilities. He noted that although software stocks have pulled back, most companies are still innovating at startup speeds, using customer relationships to maintain competitiveness. Opinions in the industry differ on whether AI will replace traditional software, emphasizing the importance of collaboration complexity and existing infrastructure. Analysts believe software companies with integration capabilities will see value repair.

New Hampshire will issue $100 million in Bitcoin-collateralized municipal bonds, rated by Moody’s as “Ba2,” marking the entry of cryptocurrencies into the public bond market. Repayment on the bonds will depend on Bitcoin’s price movements; if the price falls, liquidation procedures will be triggered. Although it falls into junk territory, it is an important innovation for the traditional financial system.

Key Insights: XRP trades about 60% below its peak despite steady ETF inflows, reflecting a gap between improving fundamentals and current market valuation levels. Institutional exposure through XRP ETFs reached 1.1 billion dollars, yet analysts say inflow scale remains too small to

President Trump's aggressive stance on the Iran conflict spurred market volatility, causing oil prices to rise and Bitcoin to fall. Institutional and retail investors are pulling out, leading to significant ETF outflows and bearish momentum in the crypto market. The outlook remains uncertain, dependent on geopolitical developments and upcoming U.S. inflation data.

Gate News update. On April 2, global markets were hit again as oil prices were pushed higher by Trump’s speech and expectations for rate cuts were undermined, leading to a pullback in Japanese and South Korean stock markets. On April 1, Japan’s Nikkei 225 Index (Japan’s benchmark stock index) closed down 1,276.41 points, a decline of 2.38%, to 52,463.27 points. South Korea’s KOSPI Index (South Korea’s benchmark stock index) closed down 244.91 points, a decline of 4.47%, to 5,233.79 points.

Digital asset ETPs saw a peak of over $250B, ending 2025 with $184B AUM, mainly driven by Bitcoin products. The market is evolving, with over 125 new filings indicating a trend toward diversified asset offerings.

Gate News message, April 2, spot gold fell sharply by 4.00% during the day, now quoted at $4,564.73 per ounce. Spot silver slipped back below $70 per ounce, with a daily decline of 6.72%.