The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On April 11, Oracle-powered service Pyth officially launched its Pyth Data Marketplace, backed by six major financial institutions as data providers. The newly onboarded firms include Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX’s foreign exchange (FX) data business, and Tradeweb. Previously, these institutions primarily distributed their data via traditional data vendors and proprietary terminals. The Pyth Data Marketplace enables organizations to share various proprietary data—including macroeconomic indicators, over-the-counter (OTC) pricing, and FX benchmarks—while retaining full ownership, pricing rights, and attribution rights to their data.

April 11, Trump posted on his Truth Social platform: “Lots of empty oil tankers—some of the world’s largest—are en route to the U.S. right now, carrying the highest-quality, sweetest crude oil (and natural gas!) on the planet. Our oil reserves exceed the combined total of the world’s second- and third-largest oil-producing nations—and the crude is even higher quality. We’re looking forward to your visit. Act fast!”

As of April 11, LookOnChain monitoring data shows Arthur Hayes has bought 26,022 HYPE tokens (valued at ~$1.1 million) — his first purchase of the token in nearly three months. He currently holds 247,334 HYPE tokens (worth roughly $10.44 million), with an unrealized gain exceeding $2.5 million.

April 11: CME Bitcoin futures open interest (OI) has dropped to $8.41 billion, marking a 14-month low. Glassnode analysts say the trend is mainly driven by basis trade unwinding—previously, the strategy involved taking long positions via spot ETFs and hedging with short futures to earn the spread. Recent annualized returns, however, have fallen from 15%-20% to around 5%, leading to institutional profit-taking. Additionally, daily trading volume for CME Bitcoin futures has shrunk below $3 billion. Analysts note that as institutional demand shifts toward directly holding spot Bitcoin, leverage levels in the futures market have dropped significantly. (Source: The Block) https://www.theblock.co/post/396722/cme-bitcoin-futures-activity-slumps-to-14-month-low-as-basis-trade-unwind-drains-institutional-demand

April 11 — Pakistani sources reported Thursday that the Iranian negotiating team, in a meeting with Pakistani Prime Minister Shahbaz Sharif on April 11, outlined conditions for potential Iran-U.S. talks. The proposed conditions include: - Full control of the Strait of Hormuz; - Unfreezing all Iranian overseas assets and accounts; - The U.S. to cover Iran’s reconstruction costs, with U.S. companies barred from bidding on related projects; - An immediate end to all attacks, particularly those targeting Lebanon; - Allowing Iran to develop civilian nuclear energy. (Xinhua News Agency)

April 11 — Per an IRIB News Agency report, Iran’s red lines include the Strait of Hormuz, war reparations payments, unfreezing of Iranian assets, and a region-wide ceasefire. (Xinhua)