News

On April 2, Rob Subramanian, the head of global market research at Nomura Securities, stated that U.S. President Trump announced that the U.S. would launch an extremely strong strike against Iran within the next two to three weeks, but did not provide specific plans on how to reopen the Strait of Hormuz. Trump's speech did not send a clear signal to ease tensions as the market had hoped. Asian currencies may weaken against the dollar. If volatility occurs too rapidly, central banks may increase their intervention efforts, which could put upward pressure on government bond yields.

Foresight News reported that Michael Hwang, CEO of Solana liquidity protocol Orca, stated on Twitter that Orca was not affected by the Drift attack incident and user funds are safe. Its smart contracts have passed audits by four independent audit firms, and its operational security (Opsec) measures were also recently reviewed by external security consultants.

BlockBeats News, April 2nd, due to Trump's failure to provide a clear ceasefire schedule in a national address, the stock markets of Japan and South Korea plunged. The Japanese Nikkei 225 index gave back its early gains, currently down 1.1% at 53,151.80 points; the South Korean KOSPI index plummeted by 3.00% intraday, now at 5,313.97 points. Trump's remarks poured cold water on the market's hope for a swift resolution to the Iran conflict. Trump stated that the U.S. is about to achieve all military goals and said that it will strike Iran very fiercely in the next two to three weeks. (FX678)