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On April 4, Huatai Securities stated that the March non-farm payrolls exceeding expectations demonstrate resilience in the U.S. job market. However, amid escalating conflicts in the Middle East, the impact of high oil prices on inflation expectations is more critical for the Federal Reserve's monetary policy. The ongoing conflict in the Middle East has led to a blockade in the Strait of Hormuz, creating a crude oil supply gap that has driven up oil prices and inflation expectations. Currently, inflation is the core variable for the Fed's monetary policy. The dual targets of employment and inflation provide some leeway, allowing the Fed to avoid raising interest rates to combat inflation. Furthermore, with rising inflation expectations, even if the Fed does not raise rates, the Treasury yield curve may shift upward, effectively resulting in a tightening of monetary conditions.

According to ChainCatcher, citing Golden Ten Data, Huatai Securities believes that the stronger-than-expected U.S. non-farm payrolls data in March demonstrates the resilience of the U.S. job market. However, amid escalating tensions in the Middle East, the impact of high oil prices on inflation expectations is more crucial for Federal Reserve monetary policy. Recently, the ongoing Middle East conflict and the blockade of the Strait of Hormuz have caused an oil supply gap, driving up oil prices and inflation expectations; currently, inflation is the core variable for the Federal Reserve's monetary policy.

Research from the Google Quantum AI team indicates that, in the future, quantum computers may be able to derive private keys from Bitcoin public keys in approximately 9 minutes, allowing attackers to potentially hijack transactions before they are confirmed. About one third of all Bitcoin, including early coins and those held in addresses where public keys have been exposed or reused, could be easily stolen by powerful quantum computers. Although the core Bitcoin mining process would still function, the ability to derive private keys from public keys would undermine ownership security across the network. Currently, Bitcoin has not yet begun migrating to quantum-resistant cryptography, while Ethereum has already started the relevant transition.