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The newly appointed chief economist of New Fire Group, Fu Peng, stated on Twitter that the underlying business model of Bitcoin perpetual contracts is essentially the same as the "rollover fee/overnight fee" in traditional finance's gold and industrial commodity spot exchanges.Fu Peng pointed out that back in the day, gold exchanges settled through daily forced liquidation, with longs and shorts paying each other rollover fees. When retail investors held a large number of high-leverage long positions, the rollover fee became the most stable and hidden source of income for the platform. Nowadays, Bitcoin spot platforms mainly rely on perpetual contracts, with both sides settling the funding rate every 8 hours. When longs dominate, retail investors holding long positions continuously pay funding rates to shorts.Although the platform does not directly collect this fee, it significantly enhances trading activity, open interest, and liquidity, indirectly generating a large amount of fee income and forming a stable and substantial cash flow. Essentially, it is a business model where large players/institutions "collect rent" from long-term holdings, retail investors pay for leverage to go long, and the platform indirectly takes a cut.

The Web3 asset data platform RootData has outlined 30 business partners of Fireblocks, spanning multiple key areas such as DeFi protocols, payment settlement, compliance analysis, trading institutions, and multi-chain infrastructure:Settlement Layer: Represented by Circle, TripleA, and Lynq, responsible for stablecoin issuance and payment clearing.Liquidity and Trading Layer: Includes market makers and trading institutions such as Wintermute, Amber Group, GSR, and Wootton, responsible for fund distribution and market depth.On-chain Application Layer: Covers DeFi and application tools like Aave, Morpho, and MetaMask, which support the actual operation scenarios of funds.Compliance and Risk Control Layer: Service providers like Chainalysis, Elliptic, and Coincover form an important supplement to its regulatory adaptation capabilities.By 2025, Fireblocks is expected to handle over $200 billion in stablecoin transactions per month, a year-on-year increase of 300%. Fireblocks' positioning is evolving from a "custody and security service provider" to a central hub for on-chain fund flows and institutional asset circulation.Currently, Fireblocks supports over 150 public blockchain networks, and its partnership network has expanded to over 2,500 global institutional participants, including banks, asset management firms, exchanges, market makers, and fintech companies. Related compilation: Fireblocks Web3 Partner Network Compilation (Continuously Updated)Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to claim information and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple issues of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Mastercard, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the RootData 2026 Industry Ecosystem Mapping form to supplement your important clients and partners.

New Fire Technology (1611.HK) announced that it will acquire the investment team and trading system of the Li Lin family office Avenir Group for $1.6 million.After the acquisition is completed, New Fire Technology plans to launch a Bitcoin-denominated asset management service called Alpha BTC, aiming to attract investments of over 10,000 Bitcoins within a year, valued at approximately $760 million. This strategy will generate returns through trading derivatives such as options, with Bitcoin or IBIT ETF as the underlying assets, targeting clients including crypto-native investors and local businesses in Hong Kong. Avenir Group holds 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million, as of the end of 2025.

According to Decrypt, Mozilla recently revealed that Anthropic's latest AI model, Claude Mythos, identified 271 security vulnerabilities during internal testing of the Firefox browser, and the related vulnerabilities have been fixed this week.In comparison, a previous version of the Anthropic model only found 22 security-sensitive vulnerabilities. Mozilla stated that all discovered vulnerabilities were within the scope of top human researchers' findings. Claude Mythos was officially released in March 2026 and is Anthropic's most powerful model in the fields of reasoning, coding, and cybersecurity, currently available for use by vetted partners such as Amazon, Apple, and Microsoft through the "Project Glasswing" initiative.

Li Lin is transferring his family office Avenir Group's trading team of about 20 people to the publicly listed wealth management company Bitfire Group. It is reported that Li Lin holds a 30% stake in Bitfire to help the company attract more private banking clients.Bitfire's CEO Livio Weng stated that Bitfire will acquire the team and its trading system from Avenir Group. Avenir confirmed the transaction. With the addition of the new team, Bitfire has received approximately $500 million in initial investment intentions from family offices and publicly listed companies.

According to Gate market data, the S&P 500 index futures have recovered some of their losses, currently down by 0.3%. Previously, U.S. President Trump stated that he would extend the ceasefire agreement between the U.S. and Iran.

According to Jin Shi reports, U.S. President Trump stated on Monday that if the ceasefire agreement with Iran expires on Tuesday, there will be a lot of bombs exploding.Trump made this statement during a call with White House reporter Liz Landers, which focused on the issue of the Iran war, while the U.S. delegation was preparing for more peace negotiations.When asked if Iran would still participate in the talks to be held in Islamabad, Trump said, "I don't know. I mean, they should show up. It's arranged. We'll see if they come. If they don't come, that's okay." When asked what his expectations for the negotiations were, Trump stated, "Very simple, Iran absolutely cannot have nuclear weapons."

Fu Peng, the former chief economist of Northeast Securities, has officially joined the Hong Kong-listed company New Fire Group as the chief economist. New Fire Group has confirmed this news.

U.S. President Trump said: I just had a great conversation with the President of Lebanon and Israeli Prime Minister Netanyahu. Both leaders agreed that in order to achieve peace between the two countries, they will officially begin a 10-day ceasefire at 5 PM Eastern Time.

The enterprise digital asset infrastructure platform Fireblocks has launched a new feature called Earn, allowing institutional clients to allocate stablecoin balances to on-chain lending strategies through products supported by Aave and Morpho, in order to enhance the efficiency of idle capital utilization.The product is initially integrated with the Morpho vault and Aave stablecoin lending market, curated by Sentora, and is now open for Early Access to Fireblocks clients. Fireblocks stated that the earnings are generated by the underlying protocols, are variable returns, are not guaranteed, and may be 0. Data shows that Aave and Morpho are currently the top two decentralized lending protocols by total locked value.

According to Jinshi reports, market news suggests that the United States and Iran are reportedly considering extending the ceasefire for two weeks.

According to Jin Shi reports, U.S. President Trump stated that if Federal Reserve Chairman Powell continues to serve after his term ends, he will be fired. Powell's term as chairman will end on May 15.Trump said, "If he doesn't leave, then I will have to fire him." Currently, Trump's nominated successor, Waller, has not yet been confirmed by the Senate, and Powell may continue to serve in an "acting chairman" capacity. Trump also criticized Powell for not lowering interest rates as he wished and questioned the cost of the Federal Reserve headquarters renovation project.

According to Jinshi, U.S. President Trump stated that if Federal Reserve Chairman Powell does not resign on time, he will be fired.

Wintermute stated that the market experienced two distinct phases last week: the first half of the week was driven by ceasefire expectations, with the Nasdaq rising 4.5%, Bitcoin up 2.6%, and the VIX falling below 20. Over the weekend, talks in Islamabad broke down, and the U.S. announced a comprehensive maritime blockade on Iranian ports, causing Brent crude oil to surge 8% in a single day, returning above $103, leading risk assets to give back their gains.On the macro front: U.S. March CPI rose 3.3% year-on-year, with core CPI slightly below expectations at 2.6%. The market believes this is still a concentrated energy shock rather than widespread inflation. Asian markets saw a slight decline overnight, with Nasdaq futures steady. The market's reaction to each new piece of news is weakening, suggesting that it may have priced in the worst-case scenario or is becoming complacent.In terms of crypto assets: Bitcoin closed up 2.6% last week but did not lead the gains. The price has been consolidating in the $65,000-$73,000 range for over two months. Bitcoin spot ETFs saw a net inflow of $22.3 million last week, while Ethereum ETFs continued to bleed, with outflows reaching $327 million year-to-date. Open interest in perpetual contracts has stabilized in the $28-30 billion range.Options traders' gamma exposure in the $68,000-$72,000 range indicates that hedging activities will amplify bidirectional volatility within that range. Wintermute believes that the ceasefire trade is dead, and the market is returning to an escalation trend. However, the market's reaction function is weakening. Confirmation of the reopening of the Strait of Hormuz could push Bitcoin to break above $75,000, while continued escalation may keep prices in a range-bound fluctuation with a downward tendency. The earnings season may partially shift market attention back to fundamentals, which could change the positioning behavior at the edges of the range.

According to on-chain analysis platform Lookonchain (@lookonchain), a newly created wallet (bullseye123) spent $40,000 betting on the prediction market Polymarket that Trump will announce the end of the US-Iran ceasefire agreement before April 15 or 18. Currently, this position has an unrealized loss of about $34,000, with a loss rate of 85%.

According to Jinshi reports, Israeli Prime Minister Netanyahu stated at a government meeting that the ceasefire with Iran may end soon.He claimed that U.S. Vice President Vance indicated that the main issue between the U.S. and Iran currently is the removal of enriched uranium.