U.S. Secretary of State: Cannot Tolerate Iran's Attempt to Normalize Control of the Strait
On April 27, U.S. Secretary of State Mike Pompeo said the United States will not tolerate Iran’s efforts to normalize control over the Strait of Hormuz, according to FX168.
### Notes on alignment with American English news habits:
1. **Date format**: Used *On April 27* (standard for English news, omitting "th" in casual news context, or "April 27th" is also acceptable but "April 27" is more common in wire reports).
2. **Tone & wording**: Replaced "stated" with "said" (more natural for news; "stated" is slightly formal, while "said" is ubiquitous in U.S. media). Changed "cannot tolerate" to "will not tolerate" (official U.S. statements often use future tense to emphasize resolve).
3. **Clarity**: Adjusted "Iran's normalization of controlling" to "Iran’s efforts to normalize control over" (corrects grammatical awkwardness of "normalization of controlling" and aligns with how U.S. officials typically frame such claims—focusing on *efforts* rather than a completed state).
4. **Full
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Ethereum briefly dropped below $2,300, with a 2.01% decrease in the last 24 hours.
April 27: Per HTX data, Ethereum briefly fell below $2,300, down 2.01% in the past 24 hours, and is currently trading at $2,298.
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Heavyweight News Week Ahead: Bank of Japan and Federal Reserve Successively Announce Interest Rate Decisions, 5 out of the Big 7 US Tech Giants to Release Earnings Reports, Latest Employment Data from US Department of Labor Released
April 27 – This week is packed with high-stakes events: all G7 nations hold central bank meetings, while 42% of S&P 500 companies by market cap release earnings (including five of the seven big tech giants). Even ignoring potential Iran conflict risks, the week will be eventful.
The Bank of Japan (BoJ) kicks off central bank action Tuesday with its rate decision, followed by Governor Kuroda’s press conference. Next up: the Federal Reserve (Fed) and Bank of Canada (BoC) on Wednesday (early Thursday in Beijing). The European Central Bank (ECB) and Bank of England (BoE) announce their rate calls Thursday. All are expected to hold rates steady—but the key question is how each will tailor policy to conflicts and linked stagflation risks.
Big tech earnings roll in too: Alphabet, Microsoft, Amazon, and Meta release Q1 results post-U.S. market close Wednesday (early Thursday Beijing). Apple reports Thursday at 5:00 AM Beijing time.
Deutsche Bank economists note the Fed’s meaningful gu
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a16z crypto has released the Global Financial New Stack Report, with Stablecoins Reshaping the Financial System
On April 27th, a16z Crypto published an analysis report titled *Global Financial New Stack: Stablecoin Edition*.
The report notes stablecoins have evolved from a niche trading tool into a foundational financial conduit, spurring a new “Banking as a Service” model that’s rebuilding the global financial system. It argues the shift to on-chain finance has “crossed the Rubicon.”
The report categorizes blockchains into three groups:
- General Blockchains (e.g., Solana, Ethereum, and Layer 2s),
- Payment-Specific Chains (e.g., Stripe’s Tempo),
- Institutional Networks (e.g., Canton).
It also notes banking industry bottlenecks are easing, with a cohort of crypto-friendly banks actively bridging on-chain infrastructure and the traditional fiat system. Stablecoin issuance competition has shifted to regulatory positioning, as issuers vie for U.S. Office of the Comptroller of the Currency (OCC) national trust charters.
Per the report, payments are “act one,” while credit may be
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Bernstein: Bitcoin Formed Clear Bottom at $60,000, Bullish on Future Structural Long-Term Rally
On April 27, brokerage and research firm Bernstein said in its latest report that as Bitcoin nears $80,000, crypto market fundamentals are strengthening—and the recent ~$60,000 low has formed a clear bottom.
Analysts cite three key drivers of the market’s asymmetric uptrend: stable institutional inflows from asset managers and brokerages, ongoing Bitcoin accumulation by the Strategy via STRC, and growing integration between blockchain and traditional financial infrastructure.
The report notes ETF-led institutional demand is bolstering Bitcoin’s holder base, with over 60% of its supply inactive for more than a year. Meanwhile, stablecoin supply has hit an all-time high of over $300 billion, reflecting persistent real-world USD payment and settlement needs.
Additionally, the size of real-world assets (RWAs)—including tokenized private credit and U.S. Treasuries—has jumped 110% year-over-year to $345 billion. Analysts concluded: “Cryptocurrency’s best days are still ahead, and th
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