Citi: Fed Expected to Cut Rates in September, Previously Expected in June

On April 6th, Bitget market data shows U.S. storage concept stocks rose, with Seagate Technology (STX.O) up 7%, SanDisk (SNDK.O) up 4.3%, Western Digital (WDC.O) up 4% and Micron Technology (MU.O) up 3.1%. Seagate Technology (STX.O) hit a record high, currently up 7.6% and reaching a peak of $464.

April 6th: Goldman Sachs noted in its latest report that the Strait of Hormuz— a global energy transit lifeline— is facing pressure amid the Middle East conflict. The oil supply chain is under extreme stress, with risks of localized “oil shortages” rising. The impact is most pronounced in Asia, where multiple economies rely heavily on energy imports from the Persian Gulf. Some countries get around 50% of their fuel from the region, with South Korea and Singapore even more dependent on Middle East supplies. While a global supply disruption has not occurred yet, buffers from inventory draws, trade rerouting and export restrictions are thinning. Data shows Asia’s net oil imports fell sharply by late March, reflecting a rapid rise in supply pressure. By category, naphtha and liquefied petroleum gas (LPG) face acute shortages amid tight inventories. Meanwhile, diesel and jet fuel prices continue to climb, with hoarding by market participants amplifying volatility. Some countries

April 6 (local time) — A U.S. military official stated that the two rescued crew members from the downed U.S. F-15E Strike Eagle fighter jet are currently receiving treatment at Landstuhl Regional Medical Center in Germany. A U.S. Air Force F-15E Strike Eagle, a twin-seat fighter, was shot down over Iranian airspace on April 3. Both crew members ejected safely: the pilot was rescued promptly, and the second crew member — a weapon systems officer — was later also rescued. U.S. President Donald Trump said on April 5 that the second crew member was "seriously injured." (Jinshi)

On April 6, Empery Digital Inc. — a Nasdaq-listed firm — announced progress on its share repurchase program. As of April 3, 2026, the company has repurchased 24,640,671 shares of its common stock under its $200 million repurchase plan, at an average price of $5.77 per share. On the asset front, Empery Digital sold 370 bitcoins during the week ended April 3, at an average price of $66,632 per BTC, generating approximately $24.7 million in proceeds. The firm currently holds 2,989 BTC in reserves. Empery Digital noted it will continue optimizing its capital structure via a share repurchase strategy executed below its Net Asset Value (NAV). It may also secure funding for future repurchases by expanding credit financing or moderately divesting Bitcoin, with the goal of boosting its "per-share Bitcoin" metric and narrowing the discount between its stock price and NAV.

April 6th, Nasdaq-listed MicroCloud Hologram Inc. announced plans to invest $400 million in researching and developing the Bitcoin Post-Quantum Attack Protocol, aiming to advance the buildout of encryption infrastructure for the “quantum era.” The initiative will use a “hybrid encryption architecture”—integrating a post-quantum signature algorithm into the existing transaction system to run in parallel with traditional ECDSA, adding dual-signature security redundancy. It also supports progressive upgrades to avoid disrupting network stability. On the technical front, the company aims to be compatible with leading post-quantum algorithms, including lattice-based (e.g., CRYSTALS-Dilithium), hash-based (e.g., SPHINCS+), and multivariate signature schemes. Via modular design and signature compression, it will balance security and performance overhead. At the protocol level, validation logic will be implemented via an extended script system and new opcodes. Upgrades will roll out v

**Jamie Dimon Flags Geopolitics as Top Global Risk in JPMorgan Shareholder Letter** JPMorgan Chase CEO Jamie Dimon, in his latest shareholder letter (dated April 6), identified geopolitical conflicts—especially in the Middle East—as the world’s biggest current risk, warning they could spark energy price swings, recurring inflation, and upward pressure on interest rates. Dimon called for the U.S. to “become stronger” economically and militarily, and revealed JPMorgan is advancing a $1+ trillion “Safety and Resilience” investment plan to bolster the nation’s economic foundation and industrial security. On financial risks, he flagged private credit as a potential hazard: its lack of transparency and flawed valuation systems could trigger investor panic selling if the macro environment worsens, though he noted this area is “relatively unlikely to cause systemic risk.” He also criticized gaps in new U.S. bank capital rules, slamming additional capital requirements for large bank