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Iran has set up a tiered toll system in the Strait of Hormuz, requiring tankers to pay a toll of $1 per barrel in RMB or cryptocurrency. This move is reshaping global energy trade and the cryptocurrency market landscape.

The Federal Reserve’s March meeting minutes will be released tonight, as tensions in the conflict between Iran and the U.S. escalate and the direction of interest rates becomes uncertain. This article will explain the key focus of the minutes, the conditions for rate hikes, and the impact on the crypto market.

Morgan Stanley Bitcoin Spot ETF (MSBT) began trading on the NYSE Arca on April 8, becoming the first large commercial bank in the U.S. to launch a Bitcoin ETF. The 0.14% fee rate set a new market low record.

On April 8, 2026, the U.S. and Iran reached a two-week temporary ceasefire agreement. Stocks across the Asia-Pacific region surged, and the Nikkei rose 5.39%. Crypto markets rebounded in sync, with Bitcoin hitting a high of $72,760.5.

Iran and the U.S. reach a two-week temporary ceasefire deal, with conditions requiring Iran to reopen the Strait of Hormuz. Bitcoin breaks through $72,000; liquidations of short positions in the derivatives market exceed $400 million, and positioning structures face a reset.

Global geopolitical conditions have entered a major turning point at the very last moment, and the see-saw effect between safe-haven assets and risk assets has once again reached its peak. With less than an hour and a half remaining before the “final deadline” set by U.S. President Donald Trump, the situation has shifted dramatically.

April 7, 2026, U.S. President Trump posted on social media that “the entire Iranian civilization will perish tonight,” calling on Iran to open the Strait of Hormuz before 8:00 p.m. Eastern Time.

The Solana Foundation launches a dual security program with STRIDE and SIRN, upgrading the full DeFi security framework—from protocol evaluation and proactive monitoring to emergency response.

From April 6 to 7, 2026, Iran responded to the U.S. ceasefire proposal with ten demands. Trump set a deadline and issued military threats. The Bitcoin price first rose and then fell, while WTI crude oil climbed to $114.41.

In Q1 2026, the total stablecoin supply reached $320 billion, setting a new all-time high. Total trading volume surpassed $2.8 trillion, accounting for 75% of total cryptocurrency trading volume. The supply trends of USDC and USDT diverged, and the share of automated trading rose to 76%.

On April 3, 2026, the U.S. and Iran carried out bombing attacks on Iran’s critical infrastructure, prompting Iran’s military to respond and attack related facilities, causing global crude oil prices to spike sharply. Rising energy prices intensified countries’ inflation expectations, putting pressure on crypto assets and risk assets, and exposing digital infrastructure to greater vulnerabilities. Mining Bitcoin became more costly, and changes in the market’s demand for safe-haven assets are worth monitoring.

As individual investors exit at the same time, institutions are continuing to buy in a steady rhythm, and Bitcoin’s holding structure is being rewritten.

On April 1, 2026, Drift Protocol in the Solana ecosystem was hacked, resulting in losses of about $285 million. The attacker obtained administrator permissions for a multisig wallet, swiftly withdrew funds, and transferred them cross-chain to Ethereum, becoming the largest single security incident in the DeFi space. The investigation found that the attack was caused by a multisig management configuration flaw: the lack of a time-lock mechanism allowed the attacker to execute malicious actions immediately. The incident caused Drift’s total value locked to drop sharply, significantly impacting the Solana ecosystem.

On April 1, 2026, Trump’s remarks about withdrawing troops triggered a sharp sell-off in the crude oil market, and oil prices quickly fell. This shift not only affects the energy market, but also changes the pricing of global broad asset classes. The decline in crude oil has a dual impact on the liquidity environment in the crypto market and on mining costs; the market has begun to reassess the relationship between geopolitical risk and crypto assets. In the future, the market will be constrained by multiple structural risks, and industry competitiveness may shift toward improving technology and compliance capabilities.