Federal Reserve's Mester: Iran War Energy Shock Will Boost Inflation Across the Board

April 1: Elon Musk’s SpaceX has filed a secret IPO application.

April 1st — Per EmberCN monitoring, a whale executed a large-scale purchase of 25,000 ETH earlier today, with the tokens eventually flowing to BitMine — Ethereum’s largest treasury firm — in a $53.28 million transaction. The 25,000 ETH was withdrawn from a centralized exchange (CEX) and initially moved to BitGo. Separately, 45,000 ETH (valued at $95.3 million) was just transferred from BitGo to the BitMine address.

April 1st — Per Fortune, crypto venture firm Paradigm is building a prediction market trading terminal for professional traders and market makers. Led by partner Arjun Balaji, the project initially launched in late 2025. Paradigm is also exploring two further efforts: standing up an in-house prediction market-making business, and collaborating with researchers to assess the feasibility of a prediction market index. Modeled after the S&P 500, this index would bundle multiple prediction markets into tradable products. The firm has already begun aggregating prediction market data onto a public dashboard. Additionally, Paradigm is a key backer of prediction market platform Kalshi. It participated in three of Kalshi’s 2025 funding rounds, and led the December round that valued Kalshi at $11 billion.

On April 1, Hyperliquid announced via its official Discord channel that its mobile app is now available on the Google Play Store as an initial MVP (Minimum Viable Product) for user testing. Android users can access the app via a dedicated link. The initial MVP has intentionally limited functionality—currently only supporting trade notifications. The goal is to gradually upgrade from a Progressive Web App (PWA) based on early user feedback, iterating on feature priorities and device-specific issues. Download numbers will be capped during the testing phase, and user feedback is strongly encouraged. Officials note this is just the first MVP version. Users wanting to disable notifications can uncheck "Enable Push Notifications" in the settings dropdown. Future plans include expanding notification configuration options. Important reminder: Avoid any counterfeit apps on the Google Play Store—always use the official link.

April 1st: Sources report U.S. Vice President Mike Pence met with an intermediary Tuesday regarding the Iran conflict. President Trump directed Pence to privately relay he would accept a ceasefire if certain U.S. demands are met—including the reopening of the Strait of Hormuz. Pence delivered Trump’s stern message, stating Trump has lost patience and warning Iranian infrastructure will face increased pressure unless Iran reaches an agreement. (FXStreet)

April 1st — Tom Lee, Chairman of BitMine (Ethereum’s largest treasury firm), said the current market remains mired in a “fog of war” and rife with uncertainty. In Chinese, the word for “crisis” combines the meanings of “danger” and “opportunity” — yet most people only focus on mitigating the “danger” rather than seizing the “opportunity.” Earlier today, Lee added the market has absorbed more than 90% of selling pressure, noting stock markets typically bottom out in the final 10% phase of a war cycle. Even if a “bottom” hasn’t been hit yet, he believes the U.S. economy can withstand $100 — or even $120 — oil prices and continue growing.