1. Middle East Situation (US-Iran Negotiations)

On April 12, after mediation by Pakistan, the US and Iran's intensive 21-hour negotiations in Islamabad officially broke down, with no agreement signed.
Core disagreements: control of the Strait of Hormuz (Iran wants to lead toll collection, the US demands free passage), uranium enrichment rights, lifting sanctions and asset freezes. Delegations from both sides have gradually left Pakistan, with no timetable for the next round of talks. The US military simultaneously announced mine clearance operations in the strait, Israel stated it will continue to target Iranian proxies, the ceasefire window has expired, and the situation is tightening.

2. Cryptocurrency Market
On April 12, Bitcoin sharply plunged, briefly falling below $71,300, down over 2% intraday. Ethereum, SOL, Dogecoin, and others also declined simultaneously.
In the past 24 hours: over 106k traders were liquidated, totaling $306 million. The market is affected by the breakdown of US-Iran negotiations and macroeconomic data uncertainties, with risk aversion increasing.
#Gate广场四月发帖挑战