Bitget UEX Daily Report｜Lebanon talks boost ceasefire expectations; S&P and Nasdaq rise for seven consecutive days; Intel and Google partnership reaches new stock price high (April 10, 2026)

# 1. Hot News

Federal Reserve Dynamics

Confirmation Hearing for Fed Chair Nominee Delayed

• The U.S. Senate Banking Committee has canceled the confirmation hearing originally scheduled for next Thursday for Kevin Warsh, as his submitted materials are not yet complete; Warsh's team is working hard to expedite the preparation of materials.
• The hearing was originally set for today as the final notification deadline. Market Impact: The transition in Fed leadership may face a short-term delay, and investors need to pay attention to the continuity of monetary policy. The uncertainty of policy expectations may slightly increase in the short term, but it does not change the overall judgment of the easing path.

International Commodities

ICE Significantly Raises Margin Requirements for Brent Crude Oil and European Diesel Futures

• The Intercontinental Exchange announced a significant increase in margin requirements for Brent crude oil and European diesel futures contracts due to heightened market volatility caused by tensions in Iran. The margin for near-month Brent crude has risen to just over $11,000 (more than double), and the diesel margin has increased to nearly $21,000 (up over four times).
• The increase will take effect after the close on April 10 (Friday). Market Impact: The significant rise in trading costs will suppress high-leverage speculative behavior, helping to stabilize extreme fluctuations in the oil market, but may temporarily amplify liquidity risks, especially against the backdrop of ongoing supply disruption pressures.

Macroeconomic Policy

Trump Warns Iran Not to Charge Tolls for the Strait of Hormuz; U.S.-China Connected Vehicle Rules Remain Unchanged

• On the 9th, Trump warned Iran on social media not to charge tankers passing through the Strait of Hormuz and urged NATO Secretary General Mark Rutte to push member countries to make commitments on the security of the strait as soon as possible; at the same time, Trump spoke with Netanyahu, asking Israel to ease its strikes on Lebanon to facilitate U.S.-Iran negotiations.
• U.S. Trade Representative Greer clearly stated that the "connected vehicle rules" prohibiting Chinese cars from entering the U.S. will not be adjusted, and it is extremely difficult for Chinese companies to establish factories in the U.S. The automotive issue is also not on the list of expected outcomes from the Trump-Xi meeting.
• Iran has stated that it will not engage in negotiations with the U.S. until a ceasefire is achieved in Lebanon. Market Impact: Expectations of easing geopolitical risks boost risk assets, but the security of energy corridors remains uncertain; short-term breakthroughs in U.S.-China trade frictions in the automotive sector are unlikely, continuing to exert pressure on the new energy vehicle supply chain.

# 2. Market Review

Commodity & Forex Performance

• Spot Gold: Down about 0.21%, reported at $4,756.37 per ounce, showing a technical rebound after two days of decline, maintaining high-level fluctuations under expectations of geopolitical easing.
• Spot Silver: Down 0.38%, reported at $75.14 per ounce, following the trend of gold with greater volatility, showing clear tests of short-term support levels.
• WTI Crude Oil: Up 0.64%, reported at $98.52 per barrel, boosted by progress in Israel-Lebanon negotiations, after a significant drop yesterday, driven by temporarily alleviated supply disruption concerns.
• Brent Crude Oil: Up 0.87%, reported at $96.69 per barrel, also falling back, with margin increases further suppressing speculation.
• U.S. Dollar Index: Up 0.12%, reported at 98.927, with risk appetite warming leading to a decline in safe-haven demand.

Cryptocurrency Performance

• BTC: Up about 1.79% in 24 hours, currently reported at $71,967.
• ETH: Up 0.69% in 24 hours, currently reported at $2,194.
• Total Cryptocurrency Market Capitalization: Up 0.8% in 24 hours, total market cap approximately $2.51 trillion.
• Market Liquidation Situation: Total liquidation of about $351 million in 24 hours, with $247 million in short liquidations, reflecting short-term rebound momentum in the market.
• Bitget BTC/USDT Liquidation Map: Current price around 71881 is in a low liquidation density vacuum area, with a large accumulation of long liquidations between 70000--71500. If it breaks below the support around 71560, it is likely to trigger a chain reaction of long liquidations. There is significant short liquidation accumulation between 73200--74100; if the price continues to break through 72400, it is more likely to be pushed toward the upper liquidation area for a short squeeze.

• Spot ETF Net Inflow/Outflow: BTC spot ETF saw a net inflow of about $20.6 million yesterday; ETH spot ETF saw a net inflow of $1.6 million.
• BTC Spot Inflow/Outflow: Yesterday saw an inflow of $2.349 billion and an outflow of about $2.249 billion, with a net inflow of $100 million.

U.S. Stock Index Performance

• Dow Jones: Up 0.58%, reported at 48,185.80 points, achieving a turnaround from decline to rise this year, with steady consecutive performance.
• S&P 500: Up 0.62%, reported at 6,824.66 points, characterized by seven consecutive days of gains, driven higher by news of geopolitical easing.
• Nasdaq: Up 0.83%, reported at 22,822.42 points, driven by continued strength in the semiconductor sector.

Tech Giants Dynamics

• NVIDIA (NVDA): Up 1.01%, reported at $183.91, with stable demand for AI computing power.
• Apple (AAPL): Up 0.61%, reported at $260.49, with stable demand for consumer electronics.
• Google-C (GOOG): Up 0.52%, reported at $316.37, deepening cooperation with Intel.
• Microsoft (MSFT): Down 0.34%, reported at $373.07, with the software sector relatively weak.
• Amazon (AMZN): Up 5.60%, reported at $233.65, with the CEO reiterating a $200 billion AI spending plan.
• Broadcom (AVGO): Up 1.22%, reported at $355.00, with a recovery in the semiconductor cycle.
• Meta Platforms (META): Up 2.61%, reported at $628.39, expanding AI infrastructure cooperation with CoreWeave.
• SanDisk (SNDK): Up 9.06%, reported at $851.57. Core reasons: Expectations of AI capital expenditures and easing geopolitical risks jointly boost tech stocks, with Amazon and Meta performing particularly well.

Sector Movement Observation

Semiconductor Sector Up 2.1%

• Representative Stocks: Intel (INTC) +4.7%, Marvell Technology (MRVL) +4.79%
• Driving Factors: Intel announced an expansion of CPU and IPU cooperation with Google, along with joining Musk's Terafab project, with sustained demand for AI data centers.

Storage Concept Sector Mixed Performance

• Representative Stocks: SanDisk (SNDK) +9.05%, Seagate Technology (STX) +0.9%, Micron Technology (MU) +3.63%
• Driving Factors: Expansion of data centers drives storage demand, but the overall sector shows significant differentiation.

# 3. In-Depth Stock Analysis

1. Intel (INTC) - Expanding CPU and IPU Cooperation with Google

Event Overview: Intel officially announced that Google Cloud will launch a multi-year large-scale deployment plan for Xeon (Xeon 6) processors and expand the joint development project for custom ASIC-based Intelligent Processing Units (IPUs) to next-generation products, focusing on AI acceleration offloading capabilities and data center network optimization. This cooperation will cover key areas of Google Cloud's global infrastructure. Additionally, this week Intel has officially joined Elon Musk's Terafab super factory project to provide customized chip support for xAI. Multiple strategic benefits combined led Intel's stock price to strongly break through the $60 mark, reaching a new high since 2021, with a single-day increase of 4.7%. Market Interpretation: Analysts from several Wall Street investment banks believe this deepened cooperation marks Intel's strategic recognition by mainstream cloud service providers in the AI data center hardware field. Through differentiated IPU products, Intel is expected to gradually erode NVIDIA's market share outside of GPUs; the entry into the Terafab project further consolidates its position in emerging large-scale AI training clusters, with institutions generally raising revenue expectations for Intel's data center business by 15%-20% for fiscal year 2026. Investment Insight: The capital expenditure cycle for AI infrastructure is still on an upward trajectory, and Intel has significant valuation recovery potential, but investors need to closely track the actual implementation pace and execution effectiveness of the cooperation projects to assess long-term competitiveness.

2. Alibaba (BABA) - Preparing Overseas Cooperation Project with Yushu Technology

Event Overview: Insiders at Alibaba confirmed that details of the overseas cooperation project with Yushu Technology will be officially announced next week, focusing on the field of embodied intelligence in overseas markets, with the first product targeting global promotion of the humanoid robot R1 on the AliExpress platform, covering multi-dimensional cooperation such as supply chain integration, marketing channel sharing, and localization adaptation. This project marks Alibaba's first large-scale entry into the overseas embodied intelligence track after its domestic robot layout. Market Interpretation: The market generally views this as another important layout for Alibaba in the robotics and AI hardware ecosystem, which will help quickly open up the consumer-grade robot market in Europe, America, and Southeast Asia, enhancing overseas growth expectations; analysts point out that this move will synergize with Alibaba Cloud and Cainiao Logistics, further strengthening its integrated competitiveness in global e-commerce + AI hardware. Investment Insight: The overseas business will become a new growth curve for Alibaba, and attention should be paid to the catalytic effect of subsequent announcement details on stock prices. In the long term, embodied intelligence is expected to become Alibaba's second growth engine.

3. Amazon (AMZN) - CEO Reiterates $200 Billion AI Spending This Year

Event Overview: Amazon CEO Andy Jassy strongly emphasized the necessity of AI infrastructure investment in the annual shareholder letter, disclosing plans to invest $25 billion in building new data centers in Mississippi, while considering selling self-developed AI chips, with annual revenue from the chip business expected to exceed $20 billion; the letter also disclosed long-term commitments from several large enterprise customers for AWS AI services, maintaining the AI-related capital expenditure target of $200 billion for fiscal year 2026. Market Interpretation: Although investors previously had concerns about high capital expenditures, the CEO's strong statement combined with customer commitments has boosted market confidence; institutions believe Amazon is accelerating the construction of a closed-loop AI ecosystem through a dual-track strategy of self-developed chips and external sales, which is expected to gain a larger advantage in the cloud service market share competition. Investment Insight: Amazon's AI strategy is clear and execution is strong, with long-term competitiveness expected to further strengthen. Short-term stock price elasticity is worth paying attention to, and investors should focus on the realization of AI revenue in the Q2 financial report.

4. Meta Platforms (META) - Expanding AI Computing Power Cooperation with CoreWeave to $21 Billion

Event Overview: Meta and cloud AI computing giant CoreWeave have expanded their supply agreement from $14.2 billion in September to $21 billion (with total commitments of about $35 billion), extending the cooperation period to 2032, focusing on procuring next-generation NVIDIA Rubin platform computing power for Meta's own AI large model training and Llama series open-source ecosystem development. Market Interpretation: Institutions believe this move shows that Meta is accelerating its lead over NVIDIA's next-generation Rubin platform, further consolidating its leading position in the open-source AI field by locking in top computing resources for the long term; analysts have raised Meta's expected returns on AI infrastructure investments for 2026-2028, which is expected to drive precision in advertising business and iterations of metaverse products. Investment Insight: The acceleration of Meta's capital expenditures will strongly support long-term growth. Attention should be paid to the advertising monetization and metaverse synergy effects brought by computing power investment, highlighting the long-term holding value.

# 4. Cryptocurrency Project Dynamics

1. U.S. SEC Chairman Paul Atkins stated that the "Project Crypto" plan aims to ensure that once Congress passes the CLARITY Act, the SEC and CFTC can implement it. However, according to The Block, TD Cowen stated that the White House's recent stablecoin report is unlikely to eliminate the political obstacles facing cryptocurrency legislation, and the advancement path of the Clarity Act may be more challenging.

2. CryptoQuant's research director stated that the recent rise in Bitcoin and Ethereum is mainly driven by new long positions in the perpetual contract market, rather than short liquidations. Within 24 hours after the announcement of the U.S.-Iran ceasefire agreement, the open contracts for Bitcoin and Ethereum perpetual contracts increased by $2.1 billion and $2.2 billion, respectively, with open contracts in U.S. dollars reaching a nearly one-month high. At the same time, the active buy-sell ratio rose above 1, indicating that buyers are dominant. The Coinbase premium index turned positive after being negative for several weeks. CryptoQuant believes that if the ceasefire is maintained without escalation news, Bitcoin's next key target is $79,000, which corresponds to the price realized by traders and has historically been related to bear market resistance levels.

3. TD Cowen analyst Lance Vitanza gave buy ratings to three digital asset treasury companies, believing they may outperform spot crypto ETFs. Vitanza's target prices for Nakamoto, SharpLink Gaming, and Strive are $1, $16, and $26, respectively, assuming Bitcoin reaches about $140,000 and Ethereum reaches about $3,650 by the end of 2026.

4. Nasdaq-listed TON treasury company AlphaTON Capital plans to raise $43 million through a transaction with U.S. data center company Vertical Data to expand its AI infrastructure operations, with the deal expected to be completed in the second quarter of 2026.

5. Onchain Lens monitoring shows that Grayscale staked 83,200 ETH a few hours ago, worth $183.97 million.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecast

• Israel-Lebanon Direct Negotiations: To start early next week ------ focusing on disarming Hezbollah and achieving peace, with the market continuing to pay attention to ceasefire progress.

Institutional Views:

Analysts from several investment banks pointed out that the three major U.S. stock indices continued to set records for consecutive gains yesterday, mainly benefiting from the Israel-Lebanon direct negotiation plan boosting market risk appetite, combined with Trump's push for geopolitical easing, leading to a short-term decline in risk aversion. The semiconductor sector leading the gains reflects the continued realization of AI capital expenditure expectations, and Intel's deepened cooperation with Google further confirms strong demand for data centers. Although the oil market has seen increased trading costs due to margin increases, the temporary alleviation of geopolitical risks has led to a drop in oil prices, which may ease inflationary pressures. In the cryptocurrency market, after slight adjustments in BTC/ETH, total market capitalization has rebounded, and ETF fund net inflows continue. Institutions believe that the current resonance of geopolitical easing and AI themes remains the main driver, but caution is needed regarding weekend geopolitical variables and today's CPI data's impact on Fed rate cut expectations.

Disclaimer: The above content is organized by AI search, with human verification and publication, and does not constitute any investment advice.