The Nasdaq Composite Index extended its gains for the 11th consecutive session, reflecting investor optimism despite ongoing tensions in the Middle East. According to CoinDesk, the market's upward trajectory suggests that investors are focusing on other factors beyond geopolitical conflicts. This sustained rally highlights a broader confidence in the market's resilience and potential for growth. Market analysts suggest that the continued rise of the Nasdaq is driven by strong performances in the technology sector, which has shown robust growth and innovation. The tech industry's ability to adapt and thrive in challenging environments has been a key factor in maintaining investor confidence. Additionally, economic indicators and corporate earnings reports have contributed to the positive sentiment, overshadowing concerns about geopolitical instability. While the situation in the Middle East remains a point of concern, investors appear to be prioritizing domestic economic factors and corporate performance. The Nasdaq's performance is seen as a reflection of the market's ability to navigate complex global issues while maintaining a focus on long-term growth opportunities. As the situation evolves, market participants will continue to monitor developments closely, balancing geopolitical risks with economic prospects.

Benjamin Cowen has projected that Bitcoin may reach its bottom in October 2026, aligning with historical cycle patterns. According to NS3.AI, Cowen suggests that this timing is approximately a year after Bitcoin's cycle peak. He also mentioned that a bottom in May could occur, but only if Bitcoin experiences a significant capitulation event that surpasses typical midterm year trends.

Ether (ETH) has shown resilience by maintaining a price above $2,300, distancing itself from the March 29 low of $1,940. According to Cointelegraph, this recent rally has led to an increase in ETH futures open interest, reaching $25.4 billion, signaling a rise in demand for leveraged positions. This movement suggests a potential shift in momentum for ETH bulls after several weeks of unsuccessful attempts to reclaim the $2,400 level. Despite the positive price movement, the ETH perpetual futures funding rate has struggled to remain above 5% since Friday, indicating a lack of confidence among bulls. The metric has dipped below 0% multiple times, reflecting an excess demand for bearish leveraged positions. Under neutral conditions, the indicator should range between 5% and 10% to compensate for the cost of capital. Nevertheless, the recent rally to $2,350 appears to be supported by spot demand, as evidenced by US-listed Ether spot exchange-traded funds (ETFs) accumulating $248 million in net inflows over the past 10 days. Additionally, Bitmine Immersion announced the acquisition of $312 million worth of ETH, now holding 4.87 million ETH. However, Bitmine’s ETH holdings are trading 13% below their acquisition cost, and US-listed Ether ETF assets under management have decreased to $13.7 billion from $20.5 billion three months ago. Ether's inability to reclaim the $2,400 mark coincides with the S&P 500 index reaching a new all-time high. Part of the reduced investor appetite for cryptocurrencies can be attributed to declining activity in decentralized applications (DApps). The 2026 bear market has negatively impacted various sectors, including memecoin token launch platforms, synthetic derivatives trading, and decentralized exchanges. Ethereum's weekly DApps revenue has dropped to $11 million per week, down from $24 million in early February. Investors are questioning whether ETH is well-positioned to capture future demand for DApps, given the rise of competing blockchains like Hyperliquid and Plasma. Despite increased demand for ETH futures, derivatives metrics have not turned bullish. Contributing factors include losses in Ethereum strategic reserve companies and heightened competition in the DApps industry. The primary reason for accumulating ETH remains the expectation of higher on-chain processing demand and the burn mechanism, which incentivizes long-term holding.

Stablecoin Development Corporation (SDEV), backed by Tether, has successfully completed a $134 million private placement. According to NS3.AI, the funds raised are primarily aimed at increasing SDEV's holdings in SKY tokens. Currently, SDEV possesses approximately 2.15 billion SKY tokens, which accounts for about 9.15% of the total supply.

Federal Reserve official Moussalem has indicated that interest rates might need to remain within the current range of 3.50% to 3.75% for an extended period. According to NS3.AI, this stance is due to elevated oil prices, which could maintain core inflation around 3% by the end of the year. Moussalem also highlighted potential risks of rising inflation and projected that economic growth could decelerate to between 1.5% and 2% this year.

U.S. Treasury Secretary Bessent announced that Kevin Warsh is set to face a hearing on the 21st of this month, potentially paving the way for him to assume the role of Federal Reserve Chair as planned. According to NS3.AI, Bessent praised Warsh as an outstanding candidate for the position. She also noted that Republican members of the Senate Finance Committee are in agreement with this assessment.

The SPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), has reported an increase in its holdings. According to Jin10, the fund's holdings rose by 2.285 tons, bringing the current total to 1,051.763 tons. This increase reflects ongoing interest and investment in gold as a precious metal.

Nicholas Anthony, a research fellow at the Cato Institute, has highlighted the complexities of U.S. capital gains rules for Bitcoin users. According to NS3.AI, Anthony explained that individuals who make daily purchases with Bitcoin, such as buying coffee, could end up filing over 100 pages of tax paperwork by the end of the year. Each Bitcoin transaction must be reported on IRS Form 8949 and Schedule D. Anthony also noted the Virtual Currency Tax Fairness Act's proposed $200 exemption as a potential solution to simplify the reporting process.

Tron's latest proposal has stirred debate within the cryptocurrency community, as it suggests measures that could impact dissenters significantly. According to CoinDesk, the Tron founder has stated that those who oppose the proposal may face token lockups and be excluded from voting processes. This has raised concerns among participants who fear that such actions could undermine the democratic principles of the blockchain ecosystem. The project, however, defends the proposal, arguing that it is designed to align all participants for the long-term success of Tron. The intention is to create a cohesive environment where stakeholders are incentivized to work towards common goals. Despite these assurances, the proposal has sparked a heated discussion about governance and the balance between authority and community input in blockchain projects. As the debate continues, the Tron community is closely watching how these proposed changes will unfold and what implications they might have for the future of the network.

Iran is contemplating permitting ships to navigate freely on the Omani side of the Strait of Hormuz, provided an agreement is reached to prevent further conflicts. According to Odaily, a source familiar with Tehran's stance revealed that this proposal is part of Iran's negotiation strategy. Iran intends to maintain control over its waters in the Strait, while Oman will manage its side independently. The source did not clarify whether Iran would agree to remove any mines it might have placed in the area or if all vessels, including those linked to Israel, would be granted free passage. The proposal's success hinges on Washington's willingness to meet Tehran's demands, which is crucial for any progress on the Strait of Hormuz issue.

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