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BlockBeats News, April 5th. Today, the Omani Ministry of Foreign Affairs stated on social media that Oman and Iran held deputy ministerial-level talks on Saturday, April 4th, to discuss various solutions to ensure the smooth passage of vessels through the Strait of Hormuz. According to monitoring, on the prediction market Polymarket, the probability of "The Strait of Hormuz reopening for navigation this month" has steadily decreased from its peak, now standing at 12%.

Jinse Finance reported that Blockworks co-founder Michael Ippolito released an in-depth article stating that the crypto industry is facing a “survival-level” token issue: the growth rate of token supply has clearly outpaced the value it creates, leading to diluted returns and a decoupling of prices from fundamentals. According to data disclosed by DWF Labs, more than 80% of projects are priced below their TGE levels, with most projects seeing a decline of 50%-70% within three months, reflecting a structural sell-off pressure in the token market. Michael Ippolito pointed out that although the overall market capitalization remains relatively solid, the average value performance of individual tokens is weak—down about 50% compared to 2021—and most tokens have fallen about 80% from their highs, with returns concentrated in a few leading assets such as Bitcoin and Ethereum. In addition, the correlation between token prices and on-chain revenue has significantly diminished: even when protocol revenues rebound, prices do not rise in tandem, reflecting decreased market confidence in tokens’ value capture ability. Therefore, the token mechanism needs to be fixed as soon as possible, or the market will further concentrate towards leading assets, weakening the overall ecosystem.

Simon Gerovich, CEO of the Japanese Bitcoin treasury listed company Metaplanet, responded on X to the Japan Exchange (JPX) postponing the inclusion of companies whose main assets are cryptocurrencies in its index. He stated that he respects the relevant procedures and will actively participate, and that this will not affect the advancement of the company's Bitcoin strategy and ecosystem initiatives. He emphasized that Metaplanet was established to provide Japanese investors with a compliant channel to access Bitcoin via the Tokyo Stock Exchange and to promote the development of Japan's Bitcoin ecosystem through "Project Nova." Currently, more than 216,000 Japanese shareholders are involved, and the company will continue to maintain constructive communication with JPX and other parties.