Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

On April 10, per HTX market data, Bitcoin topped $72,000, posting a 1.17% 24-hour gain.

April 10 Per DefiLlama data, total trading volume on on-chain perpetual DEX (Perp DEX) markets has declined. Aster’s 24-hour trading volume has surpassed EdgeX and Lighter, moving to 2nd place. Meanwhile, total open interest for HIP-3 ecosystem projects TradeXYZ and Hyperliquid has seen slight increases. Below is the latest Perp DEX 24-hour trading volume ranking: - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): ~$82.3B trading volume, ~$74.6B open interest - TradeXYZ: ~$30.2B trading volume, ~$17.4B open interest - Aster (https://www.asterdex.com/en-US/referral/aboter): ~$20.7B trading volume, ~$19.1B open interest - Lighter (https://app.lighter.xyz/?referral=70045843): ~$19.0B trading volume, ~$7.06B open interest - EdgeX: ~$18.4B trading volume, ~$10.5B open interest - Pacifica (https://app.pacifica.fi/trade/PAXG?referral=pacbot): ~$422M trading volume, ~$79.34M open interest （Note: Uses American English conventions—concise bullet points, "~" for approximat

As of April 10, shipping data indicates the following maritime movements through the Strait of Hormuz over the past 24 hours: - Four bulk carriers have transited the strait. - Three Iran-linked oil tankers (including one Very Large Crude Carrier, or VLCC) have passed through. - One controlled liquefied natural gas (LNG) carrier and one bulk carrier are departing the strait. - Two vessels (one cargo ship and one VLCC) are returning to Iran upon completing their voyages. (FX168)

April 10th — Coinbase’s Bitcoin Premium Index has remained positive for two straight days, currently at 0.014%, per Coinglass data, signaling a recovery in U.S. market buying sentiment. This follows 15 consecutive days of negative premiums. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. cryptocurrency exchange) and the global market average. It’s a key indicator for tracking U.S. market capital flows, institutional investment enthusiasm, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price exceeds the global average, typically indicating: strong U.S. buying pressure, active entry of institutional or compliant funds, ample USD liquidity, and predominantly bullish investor sentiment. A negative premium, by contrast, means Coinbase’s price is below the global average — often reflecting: heavy U.S. selling pressure, reduced investor risk appetite, heightened market risk aversion,

April 10: Shipping intelligence firm Kpler reports the number of vessels passing through the Strait of Hormuz on April 9 rose to 9, up from 5 the previous day—but remains well below typical normalized levels. (Golden Ten)

April 10 — Upcoming Israel-Lebanon talks set for Washington next week will be limited to ambassador-level discussions, not higher-level negotiations, per The Wall Street Journal, mediators and a source familiar with the matter.