Iran's Oil Export Hub Kharg Island Hit by Explosion

On April 7, the Chicago Mercantile Exchange Group (CME Group) announced plans to launch Avalanche (AVAX) and Sushi (SUSHI) futures contracts on May 4, 2026—pending regulatory review—further expanding its regulated cryptocurrency derivatives product line.

April 7th: Market reports confirm Roobinhood has launched ORCA.

On April 7, South Korea’s Financial Services Commission (FSC) ordered all cryptocurrency exchanges to reconcile their internal ledgers with actual asset holdings every five minutes—this after uncovering internal control vulnerabilities at several major platforms. The regulatory action stemmed from a February incident at Bithumb: the exchange mistakenly distributed 620,000 bitcoins to 249 users during a promotion. Ninety-nine point seven percent of the funds were recovered the same day, while the remaining 0.3% (1,788 BTC) was covered by Bithumb’s reserves. An FSC inspection further revealed that three of South Korea’s top five exchanges only reconciled ledgers once every 24 hours, limiting their ability to quickly respond to discrepancies. Additionally, these exchanges’ systems for suspending trading during major ledger mismatches were found inadequate.

April 7: Iranian state TV reported that all diplomatic channels and indirect negotiations have been frozen following recent threats from Trump.

On April 7th, New York Fed President William Williams stated that Iran tensions are pushing up overall inflation. The Federal Reserve remains focused on core inflation, which has seen little change despite the Middle East conflict. Inflation is projected to be around 2.75% this year, with tariffs still a key factor in the inflation outlook. Currently, monetary policy is in a favorable "wait-and-see" position.

April 7 (Thursday) — Sources in Pakistan stated that contacts between Pakistan and Iran remain active, with all parties pushing to get the two sides back to the negotiating table. However, Iran’s missile strike on Saudi targets could derail the talks. While Iran has signaled flexibility in negotiations, it continues to insist on preconditions. (Golden Finance)