Bitget UEX Daily Report | US-Iran easing rhetoric boosts the market; US stocks and crypto gold rebound across the board; Nvidia invests $2 billion in Mellanox Technologies (April 1, 2026)

# 1. Hot News

Federal Reserve Dynamics

Federal Reserve Officials Warn That Iran Conflict May Intensify Persistent Inflationary Pressures

• Kansas City Fed President Jeff Schmid pointed out that the rise in energy prices due to the U.S.-Iran conflict could keep U.S. inflation at a high level close to 3% for a longer period, occurring against a backdrop of already elevated and prolonged inflation.
• He emphasized that energy-driven inflation should not be simply viewed as a temporary factor.
• Market Impact: This statement reinforced investors' cautious expectations regarding the Federal Reserve's policy path, with short-term signals of geopolitical easing potentially delaying the pace of interest rate cuts.

International Commodities

Signals of Easing Conflict Between the U.S. and Iran Boost Energy and Precious Metals Markets

• Trump stated that he would end military actions against Iran within two to three weeks, possibly reaching an agreement sooner; Iranian President Pezeshkian expressed a willingness to end the war, provided there are guarantees against further aggression.
• Iran's core steel plant was attacked, and the EU is considering restarting measures from the 2022 energy crisis to address market turmoil.
• Market Impact: Risk appetite quickly recovered, driving a rebound in safe-haven assets like gold, while alleviating upward pressure on oil prices, although infrastructure damage still poses long-term supply uncertainties.

Macroeconomic Policy

ECB President Questions U.S. Optimism on War's Economic Impact at G7 Meeting

• ECB President Lagarde clashed with U.S. Treasury Secretary Yellen, arguing that the extensive damage to infrastructure means the war's impact will last longer rather than being brief.
• Iran named 18 U.S. tech companies as "targets," including major giants; Iran's foreign minister stated there has been information exchange with the U.S. but formal negotiations have not yet started.
• Market Impact: Transatlantic policy divergences highlight global economic uncertainties, benefiting risk assets in the short term, but long-term inflation and supply chain pressures warrant ongoing attention.

Hot Events

SpaceX Teams Up with 21 Banks to Prepare for IPO

Insiders revealed on Tuesday that SpaceX is collaborating with at least 21 banks to prepare for its significant IPO, one of the largest underwriting groups in recent years. This IPO, codenamed "Apex," is expected to take place in June with a valuation of $1.75 trillion, likely becoming one of Wall Street's most anticipated stock market debuts. Insiders stated that Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are acting as active book managers, leading the transaction. They added that another 16 banks have signed on for smaller roles, with about half of these banks previously unreported. The size of the underwriting group underscores the scale and complexity of the proposed issuance.

# 2. Market Review

Commodity & Forex Performance

• Spot Gold: Up 0.72%, around $4700, consecutive trend: Driven by signals of easing U.S.-Iran conflict, it rebounded significantly, stabilizing after briefly approaching $4700 during trading.
• Spot Silver: Up 0.13%, around $75, key feature: Strong rebound in line with gold, indicating a repair of risk sentiment.
• WIT Crude Oil: Up 0.66%, reported at $102.19, driving factors: Pullback under expectations of easing conflict, alleviating short-term upward pressure on energy prices.
• Brent Crude Oil: Up 0.31%, reported at $104.37, driving factors: Adjustments under signals of war ending.
• Dollar Index: Down 0.07%, reported at 99.81, driving factors: Recovery in risk appetite leading to a weaker dollar.

Cryptocurrency Performance

• BTC: Up 1.55% in 24H, current price around $68245, consecutive trend analysis: Strong rebound boosted by easing U.S.-Iran rhetoric, regaining the $68,000 mark.
• ETH: Up 3.4% in 24H, current price around $2107, consecutive trend or key feature: Following the market's recovery, indicating rapid improvement in market sentiment.
• Total Cryptocurrency Market Cap: Up 0.5% in 24H, total market cap at $2.43 trillion, driving factors: BTC and ETH leading the way, boosting overall risk appetite.
• Market Liquidation Situation: Total liquidation of about $325 million in 24H, with long positions liquidated at about $136 million and short positions at about $189 million.
• Bitget BTC/USDT Liquidation Map: Current price around 68234, approaching the dense liquidation area for long positions above 68500--69000, with significant distribution of 50x--100x high leverage; if it continues to surge, it may trigger a chain liquidation of long positions. Strong support is formed at 67000--67500, while upward pressure has significantly increased, likely leading to fluctuations around 68000 before choosing a direction, with key observation on whether it can break through 69000 with volume.

• Spot ETF Net Inflow/Outflow: BTC spot ETF saw a net inflow of about $19.1 million yesterday; ETH spot ETF saw a net inflow of about $5.4 million yesterday.
• BTC Spot Inflow/Outflow: Yesterday saw inflows of $2.64 billion, outflows of $2.672 billion, with a net outflow of $32 million.

U.S. Stock Index Performance

• Dow Jones: Up 1125.19 points, reported at 46341.33 points, an increase of 2.49%, marking the largest single-day gain since May last year.
• S&P 500: Up 184.80 points, reported at 6528.52 points, an increase of 2.91%, benefiting from rapid digestion of geopolitical risks.
• Nasdaq: Up 795.99 points, reported at 21590.63 points, an increase of 3.83%, significantly driven by the tech sector.

Tech Giants Dynamics

• Meta: Up 6.67%, reported at $572.13
• Nvidia: Up 5.59%, reported at $174.40
• Google A: Up 5.14%, reported at $287.56
• Tesla: Up 4.64%, reported at $371.75
• Amazon: Up 3.64%, reported at $208.27
• Microsoft: Up 3.12%, reported at $370.17
• Apple: Up 2.9%, reported at $253.79
  Core Reason: The latest easing signals from both the U.S. and Iran have significantly reduced the global geopolitical risk premium, leading to a rapid recovery in investor risk appetite. As typical high-beta growth assets, tech giants benefit the most—these companies heavily rely on the stability of global supply chains and capital expenditure willingness, and the easing of geopolitical conflicts directly alleviates related concerns. Meanwhile, the demand for AI infrastructure remains hot, and the warnings from Federal Reserve officials about the persistence of inflation have not changed the market's expectations for long-term policy easing, jointly driving a collective rebound of the "Magnificent 7," with market sentiment shifting from risk aversion to chasing growth stocks.

Sector Movement Observation

Storage Concept Stocks Up Over 6.49%

• Representative Stocks: SanDisk up over 10%, Micron Technology up nearly 5%, Seagate Technology up over 8%.
• Driving Factors: Rising expectations for AI data center demand, combined with an overall tech rebound.

Optical Communication Concept Stocks Mostly Up

• Representative Stocks: POET up nearly 17%.
• Driving Factors: Continued fermentation of AI infrastructure investment expectations.

Cryptocurrency Mining Companies Rebound Significantly

• Representative Stocks: Applied Digital up over 15%, Hut 8 up nearly 10%.
• Driving Factors: The rebound in BTC prices directly drives related sectors.

Gold Stocks Among the Top Gainers

• Representative Stocks: Coeur Mining up nearly 14%.
• Driving Factors: Initial risk aversion support from geopolitical easing.

Popular Chinese Concept Stocks Rise Collectively

• Representative Stocks: NIO up over 9%.
• Driving Factors: Expectations for new energy delivery data combined with improved risk appetite.

# 3. In-Depth Stock Analysis

1. Nvidia - $2 Billion Strategic Investment in Mywell Technology

Event Overview: Nvidia announced on Tuesday a $2 billion strategic investment in Mywell Technology, marking another significant move following their AI chip collaboration, aimed at further deepening the synergy between AI chips and optical communication fields, strengthening Nvidia's leading position in high-performance computing and data center network infrastructure. Mywell Technology, as a global leading semiconductor supplier, has products widely used in AI accelerators and network devices; this equity investment will help Nvidia secure key supply chain resources while providing Mywell with funding support to expand capacity, jointly addressing the explosive growth in AI computing power demand. Market Interpretation: Institutions generally view this transaction as strengthening Nvidia's AI ecosystem, believing it not only consolidates its dominant position in the semiconductor supply chain but also sends a strong signal that the AI capital expenditure cycle will continue; Nvidia's stock price rose over 5% as a result, while Mywell Technology surged nearly 13%, fully reflecting the market's optimistic expectations for long-term growth prospects in artificial intelligence and recognition of the supply chain integration trend. Investment Insight: The deep integration of the AI supply chain is accelerating, and investors should focus on the long-term growth potential of semiconductor and optical communication industry chain-related targets, while also paying attention to the potential continuous catalysts from the subsequent cooperation progress between the two parties.

2. Tesla - Q1 Delivery Data Set to be Announced

Event Overview: Tesla and several other new energy vehicle companies are about to announce their global delivery data for the first quarter of 2026, following market concerns about potential disruptions to the global supply chain due to the U.S.-Iran geopolitical conflict; this data release will serve as a key window to test the resilience of electric vehicle demand and the companies' ability to cope with geopolitical risks. As an industry leader, Tesla's delivery performance not only reflects its own production and sales situation but will also provide an important barometer for the entire new energy sector. Market Interpretation: Analysts generally believe that if Q1 delivery data exceeds market expectations, it will significantly boost investor confidence in new energy demand; although geopolitical factors bring short-term uncertainties, Tesla's stock price rose 4.64% yesterday, indicating that the market has already priced in potential positive factors, while also reflecting investors' continued recognition of the company's long-term growth story. Investment Insight: Investors should closely monitor the short-term catalytic effect of delivery data on stock prices, while assessing the long-term benefits of geopolitical easing signals on the recovery of the global supply chain, seizing valuation recovery opportunities in the new energy sector.

3. Meta - Leader in the Rebound of Tech Giants

Event Overview: Meta Platforms' stock price surged 6.67% yesterday, leading the gains among the seven major tech giants, directly benefiting from the overall recovery in risk appetite brought about by the easing of the U.S.-Iran conflict and the market's continued expectations for the application of artificial intelligence. As a leading company in the social media and metaverse fields, Meta's layout in AI-driven content recommendation and advertising business is gradually showing results. Market Interpretation: Multiple institutional viewpoints indicate that Meta's strategic layout in social platforms and the metaverse ecosystem is steadily being realized, and the signals of geopolitical easing effectively reduce macroeconomic pressures, further opening up its valuation repair space; yesterday's leading performance also reflects investors' strong confidence in Meta's high-margin advertising business resilience and the prospects of AI technology applications on the platform. Investment Insight: The valuation repair trend of tech giants is expected to continue in an environment of improved risk appetite; investors are advised to focus on the performance realization and capital expenditure matching, seizing structural opportunities in sector rotation.

# 4. Cryptocurrency Project Dynamics

1. S&P Dow Jones Indices has tokenized its iBoxx U.S. Treasury Index on the Canton network, presenting this key fixed-income benchmark in the form of digital assets. This tokenized index is not an investment product but allows financial institutions to directly integrate benchmark data such as pricing and index levels into blockchain systems.

2. The NFT market Magic Eden announced that its native wallet will enter export-only mode on April 1 and will cease operations completely on May 1. Users must export their private keys or mnemonic phrases before this date, or they will be unable to recover their assets. The wallet has been removed from major app stores, and new wallets cannot be downloaded or restored.

3. WisdomTree's Head of Digital Assets, Will Peck, stated that the Clarity Act currently being debated in Congress is not a necessary condition for digital asset innovation, as existing SEC rules are sufficient to support the development of tokenized securities and funds. He believes the SEC has all the tools needed to promote the development of a quality tokenized market.

4. The New Hampshire Business Finance Authority plans to issue $100 million in Bitcoin-backed municipal bonds. These bonds have received a Moody's Ba2 rating, two levels below investment grade. The principal and interest of the bonds will be paid from the income generated by Bitcoin collateral, and if the Bitcoin price falls below a specific threshold, the trust will be liquidated to fully repay bondholders.

5. The U.S. Commodity Futures Trading Commission (CFTC) Enforcement Director: Our priorities include combating insider trading using improper information in prediction markets, tackling energy market manipulation, retail fraud, and anti-money laundering violations.

6. Ethereum Layer 2 network Base has released its 2026 strategy, focusing on expanding the on-chain tokenized asset market, stablecoin payment scenarios, and developer ecosystem. Base plans to support tokenized trading of stocks, commodities, and other assets, optimizing settlement efficiency and costs based on existing perpetual contracts and prediction markets; in terms of payments, it will introduce privacy features around stablecoins, stablecoin-denominated fees, multi-currency stablecoin liquidity, and financial functions such as savings and lending; on the developer side, it will continue to invest in projects like Base Batches, introducing new tools and incentive mechanisms to support AI and on-chain market interactions.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecast

April 1 (Wednesday)

1. Tesla and other new energy vehicle companies will announce their Q1 delivery data; Tesla has revised its 2026 delivery expectation down to 1.689 million units;
2. 2028 FOMC voter and St. Louis Fed President Bullard will speak at 21:05 Beijing time on the U.S. economy and monetary policy;
3. U.S. March ADP employment figures will be released at 20:15, U.S. February retail sales month-on-month at 20:30, U.S. March S&P Global Manufacturing PMI final value at 21:45, and U.S. March ISM Manufacturing PMI at 22:00.

April 2 (Thursday)

1. 2026 FOMC voter and Dallas Fed President Logan will speak at 23:00;
2. U.S. initial jobless claims for the week ending March 28 will be released at 20:30.

April 3 (Friday)

1. U.S. March unemployment rate and March seasonally adjusted non-farm payroll figures will be released at 20:30, U.S. March S&P Global Services PMI final value at 21:45;
2. Hong Kong and U.S. stocks will be closed for one day due to Good Friday.

*This week's core themes in U.S. stocks revolve around Federal Reserve officials' speeches, non-farm and ADP employment data, and Tesla's delivery data, with employment data and policy signals overlapping, leading to expected increased market volatility.

Institutional Views:

Well-known investment bank analysts generally believe that the easing signals released by both the U.S. and Iran inject strong momentum into the market, with the three major U.S. stock indices recording their largest single-day gains of the year yesterday, and tech and crypto assets rebounding in sync, highlighting investors' optimistic attitude towards the rapid digestion of geopolitical risks. Institutions like Morgan Stanley point out that the short-term improvement in risk appetite is likely to continue, but warnings from Federal Reserve officials about the persistence of inflation remind the market that fluctuations in energy prices may still constrain the space for policy easing. Overall, the current environment favors growth assets, but caution is needed regarding Iran's potential long-term threats and the EU's energy measures' transmission effects on commodities. Investors should maintain flexibility in their positions, closely tracking subsequent negotiation progress and today's ADP, ISM, and other data validations.

Disclaimer: The above content is organized by AI search, with human verification for publication, and should not be considered as any investment advice.