📢 Gate Square Daily Report | April 1

1️⃣ Market Trends: Gold temporarily rose to $4,706, major European stock indices generally increased, market panic sentiment eased, and the volatility index (VIX) declined.
2️⃣ Crypto Market: Historical data shows that Bitcoin has never experienced six consecutive months of decline. The return rate in March this year was approximately 1.62%, indicating resilient market sentiment.
3️⃣ Policy Updates: The launch of Hong Kong's first compliant stablecoin licenses may be delayed. The Hong Kong Monetary Authority responded that relevant work is still being actively pushed forward.
4️⃣ Energy Market: The White House is evaluating extreme contingency plans if oil prices break through $150, and may invoke emergency powers if necessary to stabilize fuel costs.
5️⃣ Institutional Views: In the context of the US-Iran conflict, the narrative of Bitcoin as a "safe-haven asset" faces short-term challenges, and ETF capital flows are gradually reshaping market pricing logic.