UBS: With Rate Cut in Sight and Geopolitical Risks Rising, Gold Could Head to $6,200

April 4 (local time) — The Islamic Revolutionary Guard Corps (IRGC) Public Relations Department announced Wednesday that the IRGC downed an enemy MQ-1 drone over Iran’s Isfahan Province. Also on Wednesday, the Israeli Defense Forces (IDF) stated in a release that its air force conducted airstrikes against multiple targets in Tehran, Iran’s capital, on April 3. The strikes targeted several key Iranian infrastructure sites, including: - An IRGC air defense facility storing missiles for targeting airborne objects; - A military base tasked with protecting Iran’s weapons development facilities; - A ballistic missile storage location; - Several weapons production and research facilities. Iran has not responded to the strikes.

April 4th — Per OnchainLens monitoring, a recently created wallet has received 40,000 ETH (valued at roughly $82.12 million) from FalconX. The address is most likely linked to Bitmine. Wallet Address: 0x9783b6Ec1350a77D8D758A724B1052a027Cb67a7

April 4th — On April 3rd local time, Israeli Prime Minister Benjamin Netanyahu told senior officials during a situation assessment that the Israel Defense Forces (IDF) would keep targeting Iran aggressively alongside the U.S. He noted the IDF was continuing to eliminate Iran’s military commanders and carry out airstrikes on infrastructure like bridges. Netanyahu also said the IDF had destroyed roughly 70% of Iran’s steel production capacity, weakening the Islamic Revolutionary Guard Corps’ (IRGC) funding and its ability to mass-produce weapons. (Source: Golden Finance)

On April 4th, Bloomberg ETF analyst James Seyffart said Bitcoin spot ETFs are poised to surpass gold ETFs in assets under management (AUM) as market demand continues to grow. Seyffart noted Bitcoin has more diverse portfolio applications: it functions as "digital gold" and a store of value, while also offering asset allocation diversification, trading liquidity, and growth-risk asset traits. Gold, by contrast, has a relatively narrow investment logic. Fund flows reflect a shift in investor preferences: U.S. gold ETFs saw significant outflows in March, with net outflows of ~$2.92 billion. Over the same period, Bitcoin spot ETFs attracted ~$1.32 billion in net inflows. Despite the divergence in fund flows, Bitcoin and gold prices have tracked closely recently. Over the past 30 days, Bitcoin is down ~8.07% while gold has fallen ~8.25%. Market observers believe Bitcoin ETFs are transitioning from "alternative assets" to mainstream allocation tools as investor demand for digital

April 4: U.S. President Donald Trump released an outline of his Fiscal Year 2027 budget proposal, calling for a record $1.5 trillion in defense spending—marking a new modern-era high for the U.S. Under the plan, roughly $1.1 trillion would go to the U.S. Department of Defense, with an additional $350 billion earmarked for critical ammunition buys, defense industrial base expansion, and other initiatives. The budget also funds key military programs like shipbuilding and the "Golden Dome" missile defense system. The White House notes the proposal would keep overall spending caps in place while cutting roughly $73 billion in non-defense funding—impacting areas such as education and environmental protection. It also includes funding for new entities, including the National Fraud Investigation Agency, led by Vice President JD Vance. The budget is currently a summary version; full details have not yet been released. The Republican-controlled Congress must finalize deliberations and

April 4: Telegram founder Pavel Durov posted to his personal channel, saying that despite ongoing restrictions on Telegram in Russia, figures show 65 million Russian users still use the app daily via VPNs or other workarounds—with over 50 million engaging in regular messaging. Meanwhile, the Russian government is ramping up its VPN crackdown, but these efforts hit technical hurdles. Reports say recent internet blockades even temporarily knocked out payment systems, sparking a short-lived shift back to cash in some areas. A similar trend has unfolded in Iran. Since Telegram was banned, officials had hoped to push domestic, regulated messaging apps. Instead, the move has driven a sharp rise in VPN use, leading to widespread "digital bypassing." Experts note that in heavily regulated spaces, demand for free communication and privacy remains robust among users, as technological workarounds keep evolving. With more developers building VPNs and proxy tools, the cat-and-mouse game ov