Play and Talk: US-Iran Dialogue Highlights Differences, Asset Markets on a Rollercoaster
April 7th — Last night into this morning, Iran countered the U.S.’s 15-point ceasefire proposal with its own 10-point plan. First-round talks laid bare sharp gaps in the two sides’ demands.
Former President Trump, for his part, has been using peace talks as a ruse while brandishing a “big stick”: coordinating with Israel to launch repeated attacks on Iran, vowing to “destroy Iranian bridges and power plants” and claiming U.S. forces could “take down Iran in a day.”
Asset markets hit another rollercoaster Tuesday. Bitcoin failed to hold Monday afternoon’s gains, last trading at $68,819 (a 1.62% drop over 24 hours). WTI crude rebounded to pre-weekend levels, last at $113 a barrel.
The U.S.-Iran standoff is set to go through multiple tug-of-war rounds, with military tensions likely to escalate — testing investors’ nerves repeatedly in the days ahead.
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Trump Says Iran Bridge and Power Plant Could Be Destroyed in 4 Hours
**Breaking: Trump Claims U.S. Military Has Plan to Destroy Iran’s Bridges, Paralyze Power Plants in 4 Hours**
During a White House press briefing (local time April 6 afternoon, Beijing time early April 7 morning), U.S. President Donald Trump stated the military has developed a plan to “completely destroy every bridge in Iran, paralyze every power plant within its borders, cause fires and explosions, render facilities unusable, and reduce everything to rubble”—all within four hours, from 8 p.m. to midnight Eastern Time on April 7.
(CCTV International News)
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Chaos Labs Exits Aave Ecosystem, Citing Fundamental Risk Management Philosophical Differences
On April 7th, Chaos Labs announced in a blog post that it will step down from its core contributor role in the Aave ecosystem after three years of involvement. The team cited a fundamental disagreement over its risk management approach, which has only widened as the protocol has evolved.
Chaos Labs listed three key reasons for the decision:
- Core contributor turnover that has drastically increased operational pressure and risk
- Aave V4 expanding the risk management scope—while also adding operational and legal burdens
- Sustained operations at a loss, with profitability still challenging even after a budget increase
The team noted that continuing on the current path would require either lowering execution standards or sustaining losses—neither of which is acceptable. This led to the decision to step down.
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Polymarket Announces Major Upgrade: Refactors Matching Engine and Introduces Native Stablecoin
April 7 — On-chain prediction market platform Polymarket said Wednesday it will roll out its “largest infrastructure upgrade since launch” over the next 2–3 weeks, including a full redesign of its trading engine and the launch of its native stablecoin, Polymarket USD.
The upgrade will introduce a brand-new CTF Exchange V2 smart contract system, optimize matching logic and order structure, boost matching efficiency, and cut gas costs. Additionally, Polymarket will upgrade its Central Limit Order Book (CLOB) to a hybrid model combining off-chain order matching and on-chain settlement.
On the asset front, Polymarket will launch its native stablecoin Polymarket USD — pegged 1:1 to USDC — to replace the previous cross-chain USDC.e on Polygon, enhancing asset security and consistency.
The platform will also support the EIP-1271 standard, allowing multisig wallets (like Safe) to trade directly — expanding use cases for institutions and advanced users.
Polymarket noted existing ord
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Several Compliance Executives Exit Binance, AML and Surveillance Team Faces Personnel Changes
April 7
Bloomberg reports Binance’s compliance system has seen multiple personnel changes. Chief Compliance Officer Noah Perlman has discussed his departure with management, while several senior compliance executives overseeing sanction enforcement, financial crime monitoring, and investigations have also departed.
Binance said the changes are part of “normal personnel turnover and performance management.” Notably, the exchange faces ongoing regulatory and public relations pressure: legislators and blockchain analytics firms are concerned its platform may have been used by Iran-linked accounts to evade U.S. sanctions.
Binance added its compliance commitment “remains intact” and it is cooperating with regulatory agencies and law enforcement investigations.
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