News

BlockBeats News, April 6th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the StakeStone team's associated address deposited 16 million STO to Bitget 8 hours ago, worth $2.87 million, with the source of funds being the STO deployment address.

Golden Ten Data, April 6 — Starting from April 5, Australia and New Zealand have entered winter time, resulting in their financial market trading hours and economic data release times being pushed back by one hour compared to daylight saving time. Starting tomorrow (Tuesday), trading hours for the Australian and New Zealand stock markets will be from 8:00 to 14:00 (UTC+8), and economic data release times will also be delayed by one hour compared to daylight saving time. Please take note.

BlockBeats news, on April 6, Citrini Research, the author of "End Times Report," published a "Field Investigation Report on the Strait of Hormuz." It is reported that Citrini Research dispatched an analyst fluent in four languages (including Arabic) to conduct an on-site investigation by boat in the middle of the Strait of Hormuz to assess the real situation. The analyst from Citrini Research stated that investors should abandon the binary thinking of "open/closed." The reality of the Strait of Hormuz is much more complex, with hot warfare and commercial diplomacy proceeding in parallel. Traffic is expected to gradually recover as the conflict persists. Ongoing events cannot be simply judged as "conflict escalation/de-escalation" or "strait open/closed." The United States is conducting military operations, while allies such as France, Japan, and Greece are actively negotiating with Iran for navigation rights. This is a typical symptom of a multipolar world. Currently, Iran has established a functional navigation checkpoint between Qeshm Island and Larak Island. All approved traffic is directed through Iranian territorial waters (rather than the traditional route). Ships or their respective countries contact Iran via intermediary agents, submit information such as ownership, cargo, and crew, and pay the passage fee. After approval and receiving a confirmation code, vessels are escorted through. Unapproved ships wait. The analyst remarked that Iran's position is "not to close the strait"; its goal is to establish a sovereignty regime similar to Turkey's management of the Bosporus Strait, controlling navigation and collecting fees while allowing commercial traffic, positioning itself as a responsible steward of global trade and isolating the United States. On the other hand, demanding Iran to open the strait without charging fees is accompanied by military strikes. Completely closing the strait would lead to a global economic disaster (the current net loss of global commercial crude oil stocks is estimated at 10.6 million barrels per day). Most other countries (the list is rapidly expanding, including China, India, Russia, Japan, France, Malaysia, etc.) choose to make deals with Iran to secure their energy supply. The analyst expects that as the conflict persists, traffic through the strait will recover. The process will be chaotic and mainly involve LPG ships and small oil tankers, with VLCCs and other large tankers remaining scarce. This is insufficient to avoid a global economic collision but remains far better than a complete closure. Iran is proactively restraining Houthi forces' actions in the Red Sea/Mandeb Strait, keeping it as an escalation card yet to be played. Whether or not the strait is open, freight rates will remain high, and tanker stocks (such as BWET) may not have peaked. The Federal Reserve may see through the conflict's impact, and there is room for expectations of interest rate cuts to move forward—that is, cuts may come earlier than currently priced into the market, with further expansion of this "early" expectation possible.