South Korean Regulatory New Rule Requires Crypto Exchanges to Verify Asset Holdings Every 5 Minutes

On April 7, The Wall Street Journal reported that Iran has cut diplomatic ties with the United States. (Golden Ten)

April 7: Al Hadath reports the White House has denied the U.S. intends to use nuclear weapons against Iran. (Forex)

April 7th — Per Cointelegraph, prediction market platform Polymarket saw a sharp surge in fee revenue after a March 30th fee adjustment. In the first week of April, the platform generated roughly $7.1 million in fees, translating to an annualized revenue of ~$365 million — accounting for 96.8% of total on-chain prediction market fees. By fee metrics, Polymarket has become the eighth-largest DeFi protocol, trailing only major projects like Circle (USDC), Tether (USDT), and Hyperliquid. Its total value locked (TVL) exceeds $432 million, approaching its historical high of ~$510 million during the November 2024 U.S. presidential election. On the infrastructure side: Intercontinental Exchange (ICE), parent of the New York Stock Exchange, completed a $600 million cash investment in Polymarket on March 27th as part of a $2 billion commitment. ICE will distribute the platform’s event-driven data to institutional clients. Additionally, Polymarket announced it will replace bridged USDC.e c

April 7th: Spot silver plunged 4.00% intraday, currently trading at $69.87 per ounce, according to Bitget data.

Bloomberg ETF analyst Eric Balchunas tweeted on April 7 that Morgan Stanley’s Bitcoin ETF—MSBT—appears set to launch tomorrow (Wednesday, April 8) per a New York Stock Exchange (NYSE) listing notice.

Data from HTX shows Bitcoin dipped below $68,000 on April 7, with a 24-hour drop of 2.86%—it’s currently trading at $67,876.