Europe's Stoxx 600 slid 1.2% intraday on Tuesday as markets priced in escalating risks tied to President Trump's 8 p.m. EDT deadline for Iran to reopen the Strait of Hormuz. Brent crude climbed toward $108 per barrel and energy prices rose 2.5% on the session, while VSTOXX jumped about 15% as investors rotated defensively across sectors.

On April 7, 2026, Bloomberg Intelligence strategist Mike McGlone said stablecoins could drive a major 'flippening,' with Tether's AUM potentially surpassing Ethereum in 2026 and later Bitcoin. He also warned Bitcoin may revisit much lower levels, citing a possible move toward $10,000 by 2026 and arguing that broad risk-market weakness and higher volatility could pressure crypto prices.

Japan is reworking crypto taxation and oversight, including a move away from a miscellaneous income rate of up to 55% toward a 20.315% separate tax framework, with full enforcement tied to a Financial Instruments and Exchange Act (FIEA) update on Jan. 1, 2028. The package also adds a three-year loss carryforward and changes corporate treatment from the fiscal year starting April 1, 2026. Critics argue the 2028 schedule could slow the rollout of products such as bitcoin ETFs.

WTI Crude Oil (USOIL) surges to $115.50 on April 7, 2026, as Trump’s 48-hour deadline to Iran triggers a massive Hormuz Panic. Discover if oil can shatter the $111.83 resistance to target $130 amid the 20% global supply shock.

Strategy Inc (MSTR) shares climbed 6.56% on April 6, 2026, closing at $127.69. The rally followed a fresh disclosure that the company capitalized on recent crypto volatility to acquire an additional 4,871 Bitcoin (BTC). While the broader Bitcoin Treasury cohort has largely paused acquisitions, Strategy's aggressive move to lower its cost basis has reinforced investor confidence in Executive Chairman Michael Saylor’s high-conviction accumulation flywheel.

Crypto’s Q1 2026 downturn coincided with a 1.6% decline in USDT while the total market cap slid 20.8%, suggesting capital left the market rather than waiting on the sidelines. In April, Ethereum-led stablecoin activity picked up, including a near 2.6% monthly increase in USDT issuance volume on ETH and a $10.3 billion monthly stablecoin supply change on Ethereum. The shift has fueled debate over whether these inflows can help establish support and improve Q2 momentum.

India's tax authorities are issuing Section 148A notices that may reopen earlier crypto-related filings, with many cases tied to financial year 2021–22. The alerts can be triggered when automated systems treat trading volume as income or detect mismatches across exchanges, PAN-linked KYC, bank transfers, and tax returns. Koinx says the flagged figure may be an estimate rather than actual profit, and responses with complete records can determine whether reassessment proceeds.

Over a four-day trading week, bitcoin spot ETFs ended with net inflows of $22.34 million despite choppy day-to-day moves. Ether ETFs logged $42.15 million in net outflows, while Solana and XRP ETFs also posted weekly redemptions of $5.2 million and $3.56 million.