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According to official news, Ondo Finance has announced that it has submitted a no-action request to the U.S. Securities and Exchange Commission (SEC) regarding its Ondo Global Markets (OGM) product, seeking regulatory confirmation that recording certain securities interests in a tokenized form on the Ethereum mainnet under specific models will not trigger enforcement risks.Ondo stated that the introduction of on-chain records helps improve collateral monitoring efficiency, optimize the redemption process, and simplify the reconciliation system. This is essentially an optimization of the operational layer of existing products rather than a reconstruction of market structure. Under compliance, public blockchain infrastructure can operate in conjunction with traditional systems.

The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets issued a staff statement providing guidance on whether certain user interfaces used to generate trading instructions for crypto asset securities (Covered User Interface) need to be registered as broker-dealers.The statement noted that under specific conditions, providers of such interfaces may not need to register as broker-dealers under Section 15 of the Securities Exchange Act. These conditions include: not actively soliciting specific trades, not providing investment advice, not controlling or executing trades, generating trading instructions solely based on objective parameters, and fully disclosing the fee structure, potential conflicts of interest, and associated risks to users.The SEC emphasized that such interfaces typically exist in the form of websites, browser plugins, or wallet applications, used to convert trading parameters set by users into on-chain executable instructions, while also providing market data such as prices, paths, and fees.Additionally, the statement clarified that such exemptions do not apply to activities involving trade matching, fund custody, order routing, or providing investment advice. The relevant guidance is a temporary opinion and will automatically expire in 2026 if no further action is taken. The SEC stated that this move aims to provide a clearer regulatory framework for activities related to crypto asset securities and continues to seek market feedback.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.22%, and the Nasdaq Composite down 0.26%. Goldman Sachs opened down 3.08% after releasing its quarterly earnings report; most large tech stocks fell, with Nvidia down 1.45% and Apple down 0.28%.

According to a report by Jinshi citing Reuters, a notice to crew members indicates that the U.S. military has stated that any vessels entering or leaving the blockade zone without authorization will be intercepted, redirected, and seized. The blockade measures apply to all maritime traffic, regardless of the flag flown. The blockade will be implemented in the Arabian Sea east of the Gulf of Oman and the Strait of Hormuz.

According to Jinshi reports, Goldman Sachs' pre-market stock price has retraced, with earlier gains turning into losses.

Agent Garrett Jin from "1011 Insider Whale" pointed out in an analysis that the U.S. announcement to implement a maritime blockade in the Strait of Hormuz is one of the "most tactically wise" moves in the current conflict, but it is unlikely to achieve the goal of ending the war. This strategy has two short-term advantages: first, it directly weakens Iran's crude oil export revenue by about 1.7 million barrels per day; second, compared to occupying key facilities (such as Khark Island), the cost of a maritime blockade is lower and the risks are more controllable.However, the effectiveness of this strategy faces multiple challenges. For example, the current blockade mainly targets Iranian ports rather than completely closing the strait, and third-party transshipment routes still exist. Additionally, it undermines the U.S.'s long-term international image of maintaining "freedom of navigation," which could have far-reaching effects on global maritime order.Garrett Jin concluded that while the blockade measures may reshape the initiative in the short term, they are unlikely to force Iran to make concessions and may instead compress diplomatic space and prolong the conflict cycle. The market has accounted for the impact of the blockade itself, but has not fully priced in the potential paths for escalation that may follow.

U.S. Senator Lummis stated on social media that the previous administration led to an outflow of the digital asset industry. She emphasized that now is the time to establish clear regulatory rules for the digital asset industry and welcome its return to the U.S., calling for the passage of the Clarity Act.

According to Gate market data, the three major U.S. stock index futures opened more than 1% lower on Monday.

According to CoinDesk, documents submitted to the Federal Election Commission (FEC) by the Super Political Action Committee (Super PAC) Fellowship, which is associated with Tether, show that its first expenditure of $300,000 went to Nxum Group, a company co-founded by Tether's U.S. CEO, former Trump administration crypto advisor Bo Hines, along with his father Todd Hines and third-party partners.This expenditure was used to purchase campaign advertisements for Georgia Republican House candidate Clay Fuller, coinciding with Fuller winning a special election to replace Marjorie Taylor Greene as a congressman. Notably, Fellowship did not publicly announce this expenditure nor include Fuller in its public endorsement list.On April 1 of this year, Fellowship appointed Jesse Spiro, Tether's U.S. Vice President of Regulatory Affairs, as the committee chair, officially reactivating its presence in the political arena. When the committee was announced last year, it had received a total funding commitment of $100 million, but its FEC disclosure documents currently show a zero account balance, and related donations have not been made public. Tether International responded that there is no association or regulatory relationship with Fellowship PAC, while Tether U.S. declined to comment.In terms of conflicts of interest, Michael Beckel from the political reform organization Issue One stated that it is not illegal for Super PACs to pay founder-associated companies under U.S. campaign finance rules, provided that services are genuinely rendered and rates are in line with market prices. Fellowship's CFO Mitchell Nobel currently works at Cantor Fitzgerald, which manages Tether's global business assets, and its former chairman is current Commerce Secretary Howard Lutnick.Currently, Fellowship's expenditure scale is still vastly different from that of the leading crypto industry Super PAC Fairshake. Fairshake has invested millions in several primary elections, while the candidates currently supported by Fellowship are almost all deep-red state Republicans.

Trump posted on Truth Social that the meeting went very smoothly, and most of the content reached a consensus, but the only truly important issue—the nuclear issue—was not resolved.Starting today, the most elite U.S. Navy will begin to blockade all ships attempting to enter or exit the Strait of Hormuz. We will eventually achieve a situation where "all ships can enter and exit," but Iran has obstructed this process by claiming "there may be mines somewhere," which only they know about. This is extortion on a global scale, and world leaders, especially U.S. leaders, will never yield to such extortion.I have instructed the Navy to search for and intercept all ships that pay tolls to Iran in international waters. Anyone who illegally pays tolls will not be able to safely navigate the high seas. We will also begin to destroy the mines that Iran has laid in the strait. Any Iranian who dares to fire upon us or peaceful vessels will be blown to smithereens! Iran knows better than anyone how to end this crisis that has already destroyed their country.Their navy is gone, their air force is gone, their air defense systems and radar are virtually non-existent, Khomeini and most of their "leaders" are dead, all stemming from their nuclear ambitions. The blockade is about to begin. Other countries will also participate. We will never allow Iran to profit from this illegal extortion. They want money, and more importantly, they want nuclear weapons. Furthermore, at the right moment, we are fully prepared, and our military will completely destroy what remains of Iran!

According to a report by Xinhua cited by Jinshi, after the negotiations between the United States and Iran concluded, there are no longer any U.S. representatives remaining in Pakistan. U.S. President Trump's envoy Wittekov, Trump's son-in-law Kushner, and the U.S. technical team have all left the capital of Pakistan, Islamabad. U.S. Vice President Vance arrived at Ramstein Air Base in Germany before 7 a.m. Eastern Time on the 12th.According to previous reports from Pakistani media, Vance left Pakistan on the 12th local time.

U.S. Senator Cynthia Lummis stated that the United States should not continue to delay the legislative process of the CLARITY Act, or it may take nearly four years to push for improvements in the regulatory framework for the cryptocurrency industry again.She posted on social media platform X, saying, "This is our last chance to pass the CLARITY Act before at least 2030," and emphasized that "we cannot let the future of American finance be put at risk." The bill aims to provide a clearer regulatory structure for the cryptocurrency industry, clarifying the responsibilities of regulatory agencies to promote industry innovation and market development. With the U.S. midterm elections approaching, there are concerns that congressional priorities may shift, slowing down the legislative process.Former White House AI and cryptocurrency affairs head David Sacks also expressed support for advancing the bill as soon as possible, stating, "Now is the time for action," and anticipated that the relevant market structure legislation would ultimately be signed into law by the president. In the industry, several individuals, including Coinbase CEO Brian Armstrong, have recently called for an expedited legislative process, believing that clear rules will promote innovation and increase market participation. On the regulatory side, SEC Chairman Paul Atkins also expressed support for advancing comprehensive market structure legislation to avoid ongoing regulatory uncertainty affecting industry development.

According to Caixin, U.S. Vice President Vance stated at a press conference that negotiations between the U.S. and Iran have not reached an agreement, and the U.S. negotiating delegation he leads will return home. Vance mentioned that the U.S. side has shown "considerable flexibility and sincerity" during the negotiations and has clearly outlined "acceptable and unacceptable conditions," but the Iranian side "chose not to accept." Vance also revealed that during approximately 21 hours of negotiations, the U.S. delegation maintained communication with President Trump and the national security team, and has presented Iran with a "final proposal," awaiting a response from the other side.

According to a report by AXIOS cited by Jinshi, senior U.S. officials stated that there have been no threats of Iranian attacks on vessels.

According to Jinshi, citing Iranian state television, senior Iranian military officials denied reports of any American vessels crossing the Strait of Hormuz.

According to a report by Xinhua News Agency citing American media, several U.S. Navy ships passed through the Strait of Hormuz on the 11th, and this action was not coordinated with Iran, marking the first time since the outbreak of hostilities with Iran.

According to Jinshi reports, the White House stated that U.S. officials deny that the U.S. has agreed to unfreeze Iranian assets.

According to Jin Shi reports, the White House stated that U.S. Vice President Vance held talks with the Prime Minister of Pakistan.