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08:55

Korean entertainment tycoon and HYBE chairman faces arrest application by the police

Glonghui, April 21 – On April 21, South Korean police applied for the arrest of South Korean entertainment magnate Bang Si-hyuk, believing he was suspected of fraudulent transactions prior to the company’s initial public offering (IPO). Bang Si-hyuk is the founder and chairman of South Korea’s HYBE.

08:54

Analyst: Oil prices have not fully reflected the severity of the supply shock

Golden Ten Data reported on April 21 that some of the market's top analysts state that oil prices have not fully reflected the impact of what is described as the largest supply disruption in history. Saad Rahim, Chief Economist at Trafigura Group, said at the Financial Times Global Commodities Summit in Lausanne on Tuesday that, so far, the Iran conflict has resulted in a reduction of around 1 billion barrels of oil supply. If the conflict continues, this figure could rise to 1.5 billion barrels. Frédéric Lassere, Head of Analysis at Gunvor Group, indicated that if this war lasts another month, oil inventories will be depleted. Since the outbreak of the Iran war, Brent crude oil futures have experienced extreme volatility. On hopes for peace talks, the price once surged to nearly $120 per barrel before retreating somewhat. On Tuesday, the price hovered around $95 per barrel, partly due to expectations that the conflict would end soon. Rahim stated, "This scale seems to be beyond the market's comprehension." He also pointed out that if a peace agreement is reached, it would still take some time for trade flows to return to normal, “so there is indeed a significant gap between the market’s perception of the situation and the reality at the moment.”

08:51

French Finance Minister: Iran crisis has cost France between 4 and 6 billion euros

Golden Ten Data reported on April 21 that French Finance Minister Bruno Le Maire stated on Tuesday that the economic impact of the Iran crisis has already cost France between 4 billion and 6 billion euros (approximately 4.7 billion US dollars). The government is currently developing new aid measures and has frozen certain expenditures. Since the outbreak of conflict in the Middle East, bond yields have risen sharply, and this increase in government borrowing costs alone has added 3.6 billion euros in extra budget expenditure. The French government has pledged to fully offset the budgetary impact of measures aimed at helping households cope with energy price shocks caused by the conflict. Le Maire said he would outline plans to freeze some spending at a meeting with lawmakers on Tuesday, emphasizing that the government will not implement sweeping budget cuts. He added that the Prime Minister would announce new measures on Tuesday evening to help consumers deal with higher energy prices, with particular attention to those who rely on vehicles for their work.

08:45

Onshore RMB Against USD Closes at 6.8165 on April 21

Onshore RMB against USD closed at 6.8165 on April 21 at 16:30, an increase of 30 points compared to the previous trading day.

08:44

Bank of Japan: Overseas hedge funds' arbitrage trading appears to be increasing

According to Golden Ten Data on April 21, the Bank of Japan stated in its semi-annual Financial System Report on Tuesday that overseas hedge funds appear to have increased their arbitrage trading, which could heighten the risk of overseas shocks having a greater impact on Japan's financial markets. In addition, the report pointed out that given risk factors such as potential price corrections in high-risk assets like AI-related stocks, or the further escalation of the Iran conflict, it is necessary to closely monitor the developments of targeted hedge funds.

08:44

Iranian military says the “St. Nikolas” oil tanker has safely entered Iranian territorial waters under naval escort

Golden Ten Data reported on April 21 that on the 21st local time, the Public Relations Office of the Iranian Army issued a statement saying that the Iranian oil tanker "City of Sirri" safely entered Iranian territorial waters on the night of the 20th after crossing the Arabian Sea with the support of the Iranian Navy. The statement noted that despite multiple warnings and threats from the US military, the tanker, under the escort and support of the Iranian Navy, safely completed its voyage and docked at a port in southern Iran after entering Iranian territorial waters, where it has remained for several hours. On the 17th, Iran announced the opening of the Strait of Hormuz to merchant ships, and on the 18th, stated that given the US had not lifted the maritime blockade on Iran, Iran resumed control over passage through the Strait of Hormuz. On the 19th, US forces in the Gulf of Oman intercepted and seized an Iranian cargo ship by force. The Iranian military accused the US side of openly violating the ceasefire agreement.

08:37

US Stocks Move: Nektar Therapeutics rises another 3% pre-market as alopecia areata drug trial meets expected results

Glonghui, April 21 ― A certain exchange continued to rise 3.53% in pre-market trading for U.S. stocks today, closing at $103.89. Yesterday, the stock saw a large gain of 18.25% to close at $100.35, up 1.37 times year-to-date.On the news side, on April 20, the exchange announced top-line results from the 52-week extension of the phase 2b REZOLVE-AA study of its alopecia areata treatment drug, rezpegaldesleukin, after a 16-week extension. Data showed that in the 18 µg/kg and 24 µg/kg dose groups, 29% and 31% of patients, respectively, achieved a new SALT score ≤20 from week 36 to week 52, and 94% of patients completed treatment extension with clinically meaningful hair regrowth.After the release of the long-term extension results of the alopecia study, Oppenheimer reiterated its “Outperform” rating and $140 target price for the exchange, stating that the overall SALT ≤20 response rate in the 24 µg/kg dose group at week 52 was about 28%, in line with its best expected range.

08:37

Analysis: Strategy Preferred Shares Fall Below $100, Bitcoin May Retreat to $70,000

Foresight News reports, citing Cointelegraph, that due to Strategy’s preferred stock Stretch (STRC) price falling below the par value of $100, the company may pause its Bitcoin purchases this week, which could cause the price of Bitcoin to drop back to $70,000. Previously, Strategy disclosed the purchase of 34,164 Bitcoins for $2.54 billion, with 86% of its funding (about $2.17 billion) raised through the sale of STRC. Historical data shows that when the STRC price falls below $100, the price of Bitcoin drops by an average of approximately 30%. In addition, Bitcoin’s technical chart reveals a flag consolidation pattern; if the support level fails, it could fall back into the $67,000 to $69,000 range in April. On the macro side, due to market doubts over the US-Iran peace agreement and US President Trump stating that if an agreement is not reached by Wednesday it is unlikely that the ceasefire will be extended, market risk appetite has weakened.

08:35

Capital Group increases its holdings by 4.32 million shares of Strategy stock

According to monitoring by BitcoinTreasuries.NET, the American Funds Fundamental Investors (ANCFX) fund under Capital Group increased its holdings by 4.32 million shares of a certain exchange's stock, with a value of about $747 million. The total holdings have risen to 10.33 million shares, approximately $1.78 billion.

08:31

Tradexyz's parent company applies to meet with the US CFTC

BlockBeats News, April 21st, according to CFTC official news, Unit Labs (the parent company of Unitxyz and Tradexyz) applied to meet with the U.S. Commodity Futures Trading Commission (CFTC) on April 7th.

News

Korean entertainment tycoon and HYBE chairman faces arrest application by the police

Analyst: Oil prices have not fully reflected the severity of the supply shock

French Finance Minister: Iran crisis has cost France between 4 and 6 billion euros

Onshore RMB Against USD Closes at 6.8165 on April 21

Bank of Japan: Overseas hedge funds' arbitrage trading appears to be increasing

Iranian military says the “St. Nikolas” oil tanker has safely entered Iranian territorial waters under naval escort

US Stocks Move: Nektar Therapeutics rises another 3% pre-market as alopecia areata drug trial meets expected results

Analysis: Strategy Preferred Shares Fall Below $100, Bitcoin May Retreat to $70,000

Capital Group increases its holdings by 4.32 million shares of Strategy stock

Tradexyz's parent company applies to meet with the US CFTC

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