talks

According to QCP Capital analysis, BTC is currently consolidating around $82,000, close to the 200-day moving average, with $80,000 support holding steady, but the $84,000 resistance above has not yet been broken. The core CPI for April year-on-year is 2.8%, slightly above expectations, mainly driven by housing costs (owner's equivalent rent), while core goods inflation remains sluggish, and the transmission of tariffs has not yet fully spread.Core services (excluding housing) inflation has accelerated for three consecutive months, combined with China's PPI turning positive for the first time in 41 months, the global commodity deflation dividend may be fading, and the threshold for the Federal Reserve to cut interest rates has been raised further. The market is currently focused on three major catalysts: the meeting between Trump and Xi Jinping in Beijing (involving trade, rare earths, and Middle East issues), the release of PPI data, and the Senate Banking Committee's review process of the CLARITY cryptocurrency regulatory bill. Before these catalysts materialize, spot prices may continue to fluctuate within a range, with volatility remaining low.

According to Jinshi reports, this week, significant signs of peace have emerged in the US-Iran conflict and the Russia-Ukraine conflict, greatly easing geopolitical risks. Next week, it is worth paying close attention to whether these two geopolitical conflicts can further cool down. In addition, next week's macro events will focus on the US April CPI data, as detailed below:Tuesday 15:15, FOMC permanent voting member and New York Fed President Williams will participate in a panel discussion on monetary policy;Tuesday 20:15, US ADP employment change for the week ending April 25;Tuesday 20:30, US April CPI data;Wednesday 04:30, US API crude oil inventories for the week ending May 8;Wednesday 20:30, US April PPI year-on-year and month-on-month;Friday 05:30, Fed Governor Barr will deliver a speech;Friday 21:15, US April industrial production month-on-month.Finally, next week the Federal Reserve will undergo significant personnel changes. Nominee Chairman Kevin Warsh is expected to be confirmed by the Senate on Monday and will officially take over from Powell on May 15.In terms of US stocks, as of this Friday, a new round of surges has pushed the S&P 500 index up 8% cumulatively in 2026, continuing to rise on the basis of achieving double-digit returns for three consecutive years. The tech-heavy Nasdaq Composite Index has risen nearly 13% year-to-date, with both major indices reaching all-time highs. Although the first quarter earnings season is nearing its end, corporate reports will still be a key driver of stock prices in the coming days.AI

According to The Information, Tencent and Alibaba are in negotiations to invest in DeepSeek, which has a valuation of over $20 billion.

According to The Information, citing informed sources, the prediction market platform Polymarket is in talks with investors for financing, aiming to raise $400 million at a valuation of approximately $15 billion (including new funds).This financing will be added to the $600 million funding round that the Intercontinental Exchange (the parent company of the New York Stock Exchange) invested in last month, although the exchange did not disclose the valuation at that time. Polymarket is seeking to add more strategic investors beyond the Intercontinental Exchange.

According to Jin Shi reports, the White House stated that U.S. Vice President Vance held talks with the Prime Minister of Pakistan.

According to a report by Turkey's Anadolu Agency, sources from the Pakistani government stated that the US-Iran delegations will hold "direct" negotiations in Islamabad, aimed at reaching a "permanent ceasefire" agreement. The talks, scheduled to begin on Saturday, may extend beyond one day. Pakistan is preparing to host these negotiations. The meeting will take place at a heavily guarded military location, organized by the Pakistani military. According to sources, there is no fixed timetable for the negotiations, which will include both direct and indirect contacts between the delegations. "Both sides will also hold face-to-face talks and separate meetings with the Pakistani side." Given the "complexity of the issues," discussions may last "several days." Sources indicated that, for security reasons, the direct negotiations may not exceed two to three days.

According to a report by Jinshi citing CCTV News, on April 8 local time, U.S. President Trump stated that after a two-week ceasefire agreement between the U.S. and Iran, face-to-face talks are expected to be "held soon" in Islamabad, Pakistan, to promote a long-term agreement.Trump mentioned that the talks could take place as early as this week, and the U.S. delegation may include Middle East envoy David Schenker and his son-in-law Jared Kushner, among others. He also noted that Vice President Pence "may not attend," mainly for security reasons.

Binance founder Zhao Changpeng (CZ) recalled in his new book that after the "9·4" regulatory policy was introduced in 2017, venture capital firms as a whole became more cautious, and Sequoia Capital, which had originally expressed investment intentions, also paused related cooperation. He stated, "Seeing the venture capitalists collectively silent during our most difficult September, I was actually quite disappointed."CZ revealed that prior to this, Sequoia had expressed investment interest at the beginning of He Yi's joining, but chose to wait and see in light of the policy impact. Subsequently, Binance achieved rapid growth from September to October, with the number of users increasing from about 20,000 in August to about 120,000 by late October, ranking among the top ten exchanges globally and becoming profitable.CZ stated that by the end of October, after the risk phase had basically passed, Sequoia re-expressed its investment intentions, but they had proposed to raise the valuation requirement. Ultimately, the two sides could not reach an agreement due to valuation differences. The other party then proposed to pursue legal proceedings, and a week later, four large boxes of legal documents were delivered. CZ said this was the "first time in his life becoming a defendant." CZ mentioned that he later learned that the lawsuit was led by Sequoia's legal team in the U.S., who are skilled at using the media to create public opinion, "the media reporters knew before I, the party involved."

According to the Wall Street Journal, Nvidia-backed startup Reflection is in talks to raise $2.5 billion. This funding will bring the company's valuation to $25 billion.

According to Jinshi Data, the prospects for a diplomatic resolution to the US-Iran war remain bleak, but analysts believe that there is still a channel for reaching an agreement.Turkey, Egypt, and Pakistan, as mediators, are pushing for US and Iranian officials to meet as soon as this week. US President Trump and his political allies have expressed a positive attitude towards negotiations. It is reported that the US and Israel have temporarily removed Iranian Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad-Bagher Ghalibaf from the assassination list for 4 to 5 days to create conditions for the negotiations to start.The demands of both sides after the war have significantly exceeded their pre-war positions. Iran demands that the US compensate for war damages, close military bases in the Middle East, and charge shipping companies passing through the Strait of Hormuz; the US demands that Iran stop uranium enrichment, restore freedom of navigation in the Strait, and limit its missile program and support for regional militias.Analysts believe that if both sides determine that the cost of war is unbearable, they may first reach a ceasefire agreement and postpone core issues such as uranium stock disposal, verification mechanisms, and sanctions relief to subsequent negotiations. Michael Singh from the Washington Institute stated that a path for a minimum ceasefire agreement to proceed alongside a complete agenda is still feasible.

According to reports from Wu Shuo, Coinbase is in talks with Bybit regarding investment and cooperation agreements, as Bybit hopes to enter the compliant market in the United States.The report states that earlier, ICE invested in the offshore exchange OKX with an estimated valuation of about $25 billion, and the market expects Bybit's valuation to be similar to that of OKX.

According to Jinshi reports, Iran has denied reports that its intelligence ministry has contacted the United States to discuss ending the Middle East war.The New York Times previously reported that Iranian agents indirectly contacted the CIA on Sunday to discuss the terms for ending the conflict. According to semi-official Tasnim News Agency, sources from the Iranian intelligence ministry stated that the report is "pure lies and psychological warfare."Following this denial, oil prices briefly rose but then quickly fell back as traders shifted their focus to the U.S. Navy's plans to escort tankers through the Strait of Hormuz.Since the U.S.-Israeli attacks on Iran on Saturday triggered the war, traffic through this critical chokepoint has sharply decreased. In public statements, both Iran and the United States have vowed to continue fighting, increasing the likelihood of a prolonged conflict in the Middle East. So far, the conflict has resulted in over 1,000 deaths (mainly within Iran).

According to market news, Russia is considering suspending peace talks unless Ukraine relinquishes some territory.

The cryptocurrency advocacy organization stated that the meeting held by the White House on Monday regarding "how to define stablecoin yields" is "an important step" and represents "the progress needed" to advance cryptocurrency legislation amid repeated fluctuations in the legislative process. However, the formation of relevant compromise solutions may not be smooth.Representatives from Coinbase, major cryptocurrency industry associations, and banking organizations gathered in Washington, D.C., to discuss the regulatory approach to stablecoin yields and whether third parties, including Coinbase, should be allowed to offer such yields. The meeting was chaired by Patrick Witt, a member of the President's Advisory Council on Digital Assets.Summer Mersinger, CEO of the Blockchain Association, stated in a statement: "Today's meeting at the White House is an important step in seeking to advance bipartisan support for legislative solutions regarding the market structure of digital assets. We appreciate the leadership shown by Patrick Witt and the government in bringing together various stakeholders to collaboratively address one of the key unresolved issues: stablecoin yields."

Cryptocurrency custody service provider Copper is in preliminary talks for a potential public listing. According to insiders, Goldman Sachs, Citigroup, and Deutsche Bank may be involved in the listing process, with the final decision depending on the

According to The Information, Nvidia, Microsoft, and Amazon are in talks to invest up to $60 billion in OpenAI. Microsoft plans to invest less than $10 billion in OpenAI, Amazon plans to invest over $10 billion, and Nvidia plans to invest up to $30 billion in OpenAI. Before this round of financing, OpenAI's valuation could reach $730 billion.