In the past hour, total liquidations across the network reached $10.00 million, with $1.21 million from long positions, with $8.79 million from short positions. BTC liquidation $4.80 million, ETH liquidation $1.93 million.

According to a Reuters report, a source familiar with Tehran's position stated that Iran might consider allowing ships freedom of navigation on the Omani side of the Strait of Hormuz without the risk of attack if an agreement can be reached to avoid a renewed conflict. This scenario has been included in its negotiating proposals. Iran would maintain control over its waters in the Strait of Hormuz, while Oman would decide its own affairs on its side. The source did not specify whether Iran would agree to clear any mines it might have laid in the area, or whether all ships, including those with ties to Israel, would be allowed free passage. The source added that this proposal hinges on Washington's willingness to meet Tehran's demands, a key condition for any breakthrough on the Strait of Hormuz issue.

Odaily Planet Daily reports that U.S. Treasury Secretary Bessenter said on Wednesday that he is optimistic that Trump's nominee for Federal Reserve Chair, Warsh, will take office as scheduled. "He will testify on the 21st of this month. He is an excellent candidate. We know that the Republican members of the Senate Banking Committee are in agreement on this," Bessenter said at the White House. "I am very optimistic that Warsh will take office as Federal Reserve Chair as scheduled," he said.

Odaily Planet Daily reports that Swiss National Bank President Heinz Schlegel stated on Wednesday that uncertainty surrounding Switzerland's inflation outlook is "quite high," necessitating close monitoring of whether the Middle East conflict triggers a second round of inflationary effects. Schlegel indicated that the energy cost increases caused by the Middle East conflict are likely a supply shock. "But we must observe the second round of effects very closely, and if we see signs of a second round and inflation is too high, then central banks should act early and decisively," Schlegel said. Schlegel reviewed the Swiss National Bank's latest monetary policy decision in March, when it kept the benchmark interest rate at zero while slightly raising its inflation forecast for this year to 0.5%. He also noted that the Swiss National Bank's latest forecast indicates that inflation will remain within the target range of 0% to 2% until 2028. "But clearly, the uncertainty surrounding this inflation forecast is quite high at present. Therefore, given the Middle East conflict, our willingness to intervene in the foreign exchange market has increased," Schlegel stated.

According to Odaily Planet Daily, the Federal Reserve stated that economic activity in most parts of the United States continued to grow at a modest to slight pace as the war with Iran triggered a new wave of uncertainty and energy costs rose. In its Beige Book released Wednesday, the Fed noted that overall price increases remained moderate, but energy and fuel costs rose "significantly" in all 12 Fed districts. The Fed stated, "The Middle East conflict is seen as a major source of uncertainty, increasing complexity for businesses in hiring, pricing, and capital investment decisions, with many adopting a wait-and-see approach." The report, compiled by the New York Fed, reflects the initial impact of the war on the U.S. economy, with data up to April 6. The oil price shock triggered by the conflict pushed up gasoline prices, driving U.S. inflation to its largest increase since 2022 in March. Several Fed policymakers have signaled a preference for maintaining stable interest rates for an extended period to assess economic data.