Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3028, providing you with the latest and fastest news on the digital currency and blockchain industry.

A significant bet has been placed on the NBA play-in game between the Orlando Magic and the Philadelphia 76ers. According to Odaily, an account with over $2 million in profits has invested $490,000 on the Magic to win, with an average opening price of 49.9 cents. The game, which began at 7:30 AM UTC+8, will determine which team faces the Boston Celtics in the first round of the playoffs. The losing team will compete against the Charlotte Hornets for the final Eastern Conference playoff spot.

CITIC Securities has noted that March's production and sales data from major automakers have exceeded expectations, particularly in exports and high-end vehicle sales. According to Jin10, the firm emphasized that the export of new energy passenger vehicles is becoming a structural strength due to high oil prices and geopolitical conflicts overseas. The market is gradually becoming desensitized to high oil prices and war factors, and CITIC Securities suggests actively seizing opportunities in high-growth sectors. The ongoing positive impact of AI on the internal combustion engine market, the approval of Full Self-Driving (FSD) in the Netherlands, and the high growth in the robotics sector are driving continuous industry evolution. Currently, the stock prices of leading companies have stabilized, and CITIC Securities recommends actively positioning for the second quarter's new catalysts.

Foreign investors purchased Japanese stocks worth ¥39.433 trillion as of April 10, according to Jin10. The previous value was revised from ¥29.596 trillion to ¥29.518 trillion.

According to Odaily Seer, an account with over $2 million in profits (address: 0xbddf61af533ff524d27154e589d2d7a81510c684) purchased $490,000 worth of bets on the Magic defeating the 76ers in the Polymarket "NBA Play-In Game Magic vs. 76ers" prediction event, with an average opening price of $49.96. The NBA Play-In Game Magic vs. 76ers game started at 7:30 AM Beijing time today. The winner of this game will face the Celtics in the first round of the playoffs, while the loser will compete against the Hornets for the last playoff spot in the Eastern Conference. Odaily Seer continuously monitors the prediction market, seeing changes before prices are set.

Citic Securities has highlighted that Mythos, Anthropic's latest model, demonstrates significant advancements in capabilities, surpassing previous iterations in areas such as coding, reasoning, and research assistance. According to Jin10, the model also accelerates research and development processes in industries like biochemical research, finance, AI training, and robotics. Despite its superior alignment, the model's powerful capabilities pose a greater risk of infrequent errors, leading to its availability being restricted to core clients only. Anthropic is backed by investments and computational support from Amazon and Google, with recent collaborations strengthening their partnership. Starting in 2027, the demand for Google's TPU is expected to reach 3.5GW, with the Google TPU supply chain likely to benefit from the expanding demand for training cutting-edge models.

A recent Reuters survey reveals that the proportion of Japanese companies opposing interest rate hikes has nearly doubled due to concerns over the war in Iran. According to Jin10, 42% of Japanese firms believe that profit growth is possible if the average price of WTI crude oil remains below $100 per barrel, while 28% set this threshold at $80. Most Japanese companies are either experiencing or anticipating the impact of the Iran war on their business operations.

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.

Stablecoins, RWA, USDS, Morpho: On-chain vault operation mechanism, market structure and risk analysis. Golden Finance: Vaults are rapidly becoming the core allocation and abstraction layer for on-chain asset management.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Using a HYPE-based digital asset strategy (DAT) company as an example, this paper explores why DAT's asset selection determines the sustainability of its digital asset strategy.

When AI agents need identity, payment, and verification, blockchain is becoming their operating system.

Anthropic, OpenAI, IPO: Before their IPOs, both OpenAI and Anthropic want to keep arguing. In this back-and-forth, attacking rhythm, who is reaping the benefits? (Jinse Finance)

In April 2026, OpenClaw (commonly known as "Lobster"), which had only been popular for two months, met its challenger. Hermes Agent topped the GitHub Trending list for several weeks, garnering a whopping 22,000 stars.

In less than 12 months, an employee laid off by OpenAI turned a $225 million investment into $5.5 billion, and the area he bet on was almost entirely outside the collective understanding of Wall Street.

Hong Kong, stablecoins, HSBC and securities firms enter the market simultaneously; Hong Kong stablecoins have entered the next stage. Golden Finance reports that Hong Kong has released several key signals regarding stablecoins.

For Tether, the signing of the audit contract is just the beginning. The timing of the final report, the details of the reserves it will reveal, and whether the audit opinion is unqualified are still challenges to overcome.