U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

On April 30, WTI crude oil briefly topped $109 per barrel—up 7.5% intraday, according to Bitget market data.

A new global investor survey from Coinbase and Glassnode, released April 30, finds over 70% of crypto investors view Bitcoin as currently undervalued. Among respondents, 82% of institutional investors and 70% of retail investors describe the market as in a "late bear market" or "value reaccumulation phase." The survey polled 91 global investors total—29 institutional and 62 retail participants. Data shows 75% of institutional investors and 61% of retail investors see BTC as undervalued, with only a small share of respondents calling it overvalued. On-chain metrics also point to a bottoming bias. CryptoQuant analyst Woominkyu’s Bitcoin Combined Market Index (BCMI) recently climbed from 0.26 to 0.37. The index, which combines MVRV, NUPL, SOPR, and market sentiment, has historically correlated with Bitcoin’s deep undervaluation phases. Additionally, the realized cap hierarchy for Bitcoin holders with 1-week to 1-month holding periods has dropped to 3.91%—near levels seen in Octob

April 30 — Standard & Poor’s (S&P) has raised its 2026 WTI and Brent crude oil price forecasts for the remainder of the year by $15 per barrel each, and lifted 2027 projections by $5/barrel for both benchmarks. The latest targets: $95/barrel for WTI in 2026, $100/barrel for Brent. S&P cited two key drivers for the upward revision: worsening oil supply disruptions and a geopolitical risk premium tied to the stalled U.S.-Iran nuclear deal. On the Strait of Hormuz outlook, S&P struck a cautious tone: Even if the strait fully reopens, oil flows would only recover gradually, and any reopening scenario would remain fragile, prone to intermittent disruptions. The firm also noted current oil prices need to rise further or stay elevated for an extended period to effectively cool demand and improve the global supply-demand balance. Price assumptions for 2028 and beyond are unchanged for now.

April 30th According to CCTV News, U.S. President Donald Trump said the U.S. will maintain a naval blockade of Iran until Tehran agrees to a deal addressing U.S. nuclear program concerns. Trump rejected Iran’s proposal calling for “first lifting the blockade, reopening the Strait of Hormuz to shipping, then delaying nuclear talks,” noting the blockade is currently the most effective pressure tool. He added the blockade is “more effective” than direct military strikes, and noted Iran is facing heavy pressure due to its inability to export oil. Sources say the U.S. military has drawn up a “short-term, intense” strike plan; if talks remain deadlocked, the U.S. could target Iran’s critical infrastructure to force it back to the negotiating table.

**April 30: RWA Protocol KAIO Launches Governance Token KAIO** On April 30, real-world asset (RWA) tokenization protocol KAIO officially launched its governance token KAIO, with a fixed total supply of 10 billion tokens. Concurrently, it established the KAIO Foundation, tasked with ecosystem governance, treasury management, and protocol development. Backed by Nomura Group’s digital asset arm Laser Digital, KAIO has secured strategic investments from Tether (the world’s largest stablecoin issuer), BH Digital Assets, Further, and other institutions. The platform currently hosts 5 institutional-grade funds with a Total Value Locked (TVL) of approximately $100 million, spanning over 10 blockchains. Supported asset managers include BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital; a partnership with Mubadala Capital is expected to be announced imminently. ### Token Distribution Breakdown - **Community & Liquidity Incentives**: 37.5% (largest share) - **KAIO Foundation

On April 30, on-chain analytics firm LookIntoBitcoin reported that a Genesis Trading address transferred 1,482 ETH (valued at roughly $3.38 million) to Binance, OKX, and Bybit.