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1Bitget UEX Daily|US-Iran Talks Renewed Differences, Oil Prices Jump Again; Google in Talks with Marvell to Develop New AI Chips (2026-04-20)2April 20 Financial Morning Brief: U.S. and Iran Accuse Each Other of Attacking Ships, Strait of Hormuz Closed Again, Gold Price Battles at 4750 Level, Oil Price Rebounds Nearly 7%3A "high sensitivity week" arrives for global markets! US-Iran negotiations, Walsh hearings, and a wave of global data set to make an impact
Flash
06:53
Xiang Songzuo, Director of the Greater Bay Area Institute of Finance in Shenzhen: The exchange rate is not the valuation of an economic system.```htmlAccording to Golden Ten Data on April 20, at the beginning of 2026, the renminbi continued to appreciate, with both onshore and offshore exchange rates hitting their highest levels since March 2023. Recently, Songzuo Xiang, Dean of the Shenzhen Bay Area Financial Research Institute, said in an interview that short-term exchange rate fluctuations are mainly influenced by market speculative sentiment, while long-term fluctuations may be related to the real economy. He believes that the exchange rate is the anchor of an economic system, and the ideal situation is a fixed exchange rate. In addition, he shared his views on the US dollar's credit, the internationalization of the renminbi, and pointed out that US dollar hegemony lies in the United States’ comprehensive national strength, and the internationalization of the renminbi requires promoting the opening of the financial markets.```
06:44
A user lost 221,000 WBTC due to a phishing transaction.According to Scam Sniffer, a user lost $221,000 in WBTC after signing a phishing transaction on Ethereum. The same attacker stole a total of $585,000 in assets from four victims within 11 hours.
06:33
Analysis: If the price of ETH drops sharply, Aave may accumulate more bad debt due to liquidation failuresOdaily reported that well-known developer and Yuga Labs Vice President 0xQuit posted on X, stating that the situation with Aave is dire and continuing to deteriorate. The utilization rates of several lending pools have reached 100%, which has caused depositors to be "locked in" and the protocol to face further risk of bad debt. If the price of ETH drops and Aave cannot execute liquidations effectively—as is currently the case—it will result in inefficient liquidation and thus more bad debt. If these issues are not resolved quickly, the situation could snowball and grow even worse.
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