10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

April 18 U.S.-Iran reconciliation efforts saw better-than-expected progress overnight and into Thursday, as Iran announced the "full opening" of the Strait of Hormuz to commercial shipping. Former President Trump prominently declared a "final agreement will be reached within a day or two," adding Iran has agreed to indefinitely suspend its nuclear program and will not receive any frozen funds. ### Market Reaction - Bitcoin rebounded to $77,000 - U.S. stock indices hit record highs - Oil prices plunged over 11% - Rate cut expectations rose ### Conflicting Signal from Iran Iran’s Islamic Parliament Speaker Mohammad Bagher Ghalibaf pushed back early Thursday, labeling seven of Trump’s prior social media statements "all untrue." He noted the U.S. has failed to win wars with lies and will gain nothing from negotiations, emphasizing the Strait of Hormuz will not stay open if the U.S. continues blocking Iranian ports. Ghalibaf also stated Iran will never relinquish control

Early April 18, Iran’s Parliament Speaker Kalibaf said in a social media post that all seven of U.S. President Trump’s social media posts within one hour were “untrue.” The U.S. cannot win wars with lies and is destined to gain nothing in negotiations, he emphasized. If the U.S. continues blocking Iranian ports, the Strait of Hormuz will not remain open. (Xinhua News Agency)

U.S. stocks closed higher on Friday, April 18: the Dow Jones Industrial Average ended up 1.79%, the S&P 500 gained 1.2%, and the Nasdaq Composite rose 1.52%. The Nasdaq notched its 13th straight trading day of gains, marking its longest winning streak since January 1992. Among major tech names: Apple (AAPL.O) climbed 2.5%, Tesla (TSLA.O) added 3%, Meta Platforms (META.O) rose 1.7%, while Netflix (NFLX.O) dropped nearly 10%.

April 18 – An Iranian Foreign Ministry spokesperson said Iran has never considered transferring enriched uranium to the U.S. as an option, adding it rejects proposals from U.S. officials and media on the Iranian nuclear issue. An Iranian official noted Tehran and Washington are drafting a memorandum of understanding (MoU) to outline a comprehensive framework for a final permanent peace agreement. The official expressed optimism the MoU will be signed during upcoming negotiations in Pakistan in the coming days. He also said the MoU sets a 60-day window for follow-up talks to advance the final agreement.

On April 17, Iranian Foreign Ministry spokesperson Baghaei announced that in light of the Israel-Lebanon ceasefire, Iran will honor its earlier commitment this month to allow non-military vessels to transit the Strait of Hormuz. However, these vessels must use Iran’s designated waterway and coordinate with the Islamic Revolutionary Guard Navy. Iran’s Tasnim News Agency reported that Baghaei warned the U.S. naval blockade would be deemed a violation of the ceasefire agreement. If the blockade persists, Iran will take necessary countermeasures. Baghaei also urged the media and public not to fall for the enemy’s propaganda tactics, noting the enemy often makes contradictory statements in a single day to manipulate public opinion. He emphasized Iran is the “guardian” of the Strait of Hormuz and will never compromise on protecting the interests and rights of the Iranian people.

April 18, Federal Reserve Governor Christopher Waller said he’s cautious about near-term interest rate cuts due to an energy shock from the Iran conflict, warning the unrest could sustainably impact inflation. In his remarks, Waller outlined two key scenarios: 1. **If the Strait of Hormuz reopens and trade flows normalize**: Officials can look past the energy price surge and shift focus to a weakening job market later this year. “If that happens, I think underlying inflation could keep falling toward the 2% target—meaning I’d be wary of cuts now, and more likely to support a cut later this year when the outlook is stable,” he noted. 2. **Risk of prolonged conflict**: Waller warned oil prices and markets have underestimated this risk. “On inflation, the longer the conflict drags on and energy prices stay high, the more likely those costs will seep into other prices as businesses factor energy expenses into their pricing,” he said. He added that if prolonged conflict unfolds al