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Nexon Group is accelerating a business restructuring by liquidating its virtual asset affiliates and acquiring a European industrial solutions company, Digital Today reported. The company has sold its stake in overseas crypto exchange Bitstamp, which is no longer a subsidiary. Additionally, Nexon's board resolved in February of this year to dispose of its entire shareholding in South Korean crypto exchange Korbit. As of the end of last year, Nexon's holding company, NXC, held 147.6 billion won (approx. $107.3 million) in crypto, including 2,356 BTC and 22,420 ETH. This represents a 15.2% decrease from the 174 billion won (approx. $126.5 million) held the previous year.

South Korean crypto exchanges Bithumb and Coinone have received failing grades in an internal control inspection conducted by South Korea's Financial Supervisory Service (FSS), Chosun Biz reported. The review of the country's top five crypto exchanges was prompted by a recent incident in which Bithumb accidentally overpaid a user in Bitcoin. The FSS assessed the exchanges' internal control systems based on four key criteria: periodic reviews of internal control status, management of work access privileges, implementation of duty separation and mandatory leave, and the appropriateness of advertising and promotional materials. Bithumb and Coinone failed to meet the standards in all four categories.

On-chain analyst EmberCN noted a recent pattern of projects manipulating spot prices to trigger liquidations against retail investors in the futures market. He pointed to RaveDAO (RAVE), which surged approximately 20-fold over the past three days, rising from $0.3 to $6.2 this morning. EmberCN suggested that RAVE employed a 'confusion tactic' during this surge. He explained that three days ago, 30.58 million RAVE, valued at $42 million, were deposited into Bitget, a move seemingly designed to encourage short selling. Subsequently, over the past two days, 31.94 million RAVE were withdrawn from Bitget back on-chain as the spot price was aggressively driven higher.

Stablecoin project Fypher and institutional-grade DeFi infrastructure firm Blueprint Finance have announced plans to jointly build an on-chain yield ecosystem based on the Asia-focused dollar stablecoin FYUSD. Fypher founder Paul Kim and Blueprint CEO Nick Roberts-Huntley revealed the plan during an appearance on Maeil Business TV's 'Crypto Insight' on April 11. Kim stated that they selected Concrete, Blueprint's platform for Ethereum-based vault infrastructure and derivatives creation, to connect Asian institutions with global capital markets and provide access to compliant on-chain yield. The broadcast also highlighted that the partnership could attract market attention, particularly as a U.S. bill on stablecoins would prevent issuers from directly paying interest or yield to holders.

President Trump has reportedly stated that it does not matter to him whether Iran returns to negotiations, adding that it is also fine if they do not.

U.S. President Donald Trump said a blockade of the Strait of Hormuz would be highly effective, stating that most minelaying vessels and related equipment have been destroyed. He added that the U.S. has more oil than Russia and Saudi Arabia combined, leaving Iran in a very difficult position.

The Aave (AAVE) community has passed a governance proposal for AaveDAO to provide Aave Labs with a grant totaling $25 million in stablecoins and 75,000 AAVE. According to Aave Labs, the proposal is a concrete step in implementing the "Aave Will Win" framework, which directs 100% of revenue from Aave-related services to the community (DAO) treasury. The organization added that this specific proposal is limited to its funding request and on-chain execution. Broader framework provisions, such as ecosystem growth and development grants, will be addressed in separate governance proposals.

An Iranian official has warned that the country has an unused card to play against a U.S. naval blockade, Al Jazeera reported.

A newly created, anonymous Solana address beginning with 8DHkza has withdrawn TRUMP tokens worth approximately $2.84 million from Bybit over the past three days, according to an analysis by Onchain Lens. The address currently holds one million TRUMP, valued at $2.8 million. Onchain Lens had previously suggested three days ago that the withdrawal was likely for the purpose of attending a Trump gala dinner party.

BTC sell pressure has increased following the breakdown of ceasefire negotiations between the U.S. and Iran, according to on-chain analyst Darkfost. He noted that the market's expectations were dashed when the talks ended without a resolution, leading to a surge in sell orders, including $1 billion worth on Binance within a single hour. Darkfost also pointed out that perpetual futures funding rates remain in negative territory, supporting a prevailing downward market view. While short-term downward pressure is strong, he acknowledged that markets frequently move contrary to expectations when such a one-sided consensus forms. However, the analyst cautioned that these reverse movements tend to be limited during a bear market.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig has reiterated that state governments do not have the authority to regulate prediction markets. According to CoinDesk, he emphasized that the regulatory authority for any product legally offered on a CFTC-regulated exchange, whether related to sports, politics, or anything else, lies with the commission. Selig added that state governments do not have the right to supplant derivatives regulations with gambling laws. The CFTC has previously filed lawsuits against Illinois, Arizona, and Connecticut concerning prediction markets.

Bitcoin's rebound early this month without a sharp initial drop may actually increase the likelihood of a further decline, according to one analyst. Mignolet, a CoinNess Content Creator (CC) and crypto analyst, argued on X that a swift drop in early April might have been healthier for the market in terms of volatility. He explained that while the recent rebound, fueled by plausible narratives, is rebuilding market expectations, he does not see this as a positive development. If this pattern persists, the chances of another drop could increase, he said. Mignolet stated that he has been highlighting a bearish cycle since last August and will make his position clear when he believes a bull cycle has started, adding that now is not that time. He concluded by saying that long-time followers know he is typically a very bullish investor.

JPMorgan plans to support its JPM deposit token on the Canton Network this year via its tokenization platform Kinexys, Cointelegraph reported. The Canton Network currently processes $350 billion in daily settlements in the U.S. repo market.

An address believed to belong to FTX/Alameda unstaked 198,000 SOL, worth approximately $16.21 million, about 20 minutes ago, according to Onchain Lens. Based on past patterns, these funds are likely to be distributed across multiple addresses before being transferred to Coinbase and Binance.

The Korea Insurance Development Institute and the Bank of Korea have agreed to form a joint task force to develop digital currency-based index insurance, Edaily reported. The move is a follow-up to a phase two memorandum of understanding for Project Hangang, which focuses on utilizing digital currency and deposit tokens. Digital currency-based index insurance is a product that automatically and immediately pays claims in digital currency when an objective index meets a preset value, such as during an extreme weather event or disaster, bypassing the need for a separate damage assessment process. The task force will concentrate on the research and development of a proof-of-concept model that combines the technical advantages of digital currency with the efficiency of index-based insurance.

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 37. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates a stronger altcoin season.

The following are the key global macroeconomic events scheduled for the third week of April. All times are in UTC. - April 14, 12:30 p.m.: U.S. March Producer Price Index (PPI) - April 14, 4:45 p.m.: Speech by U.S. Federal Reserve (Fed) Vice Chair Michael Barr - April 15, 5:45 p.m.: Speech by Federal Open Market Committee (FOMC) member Bowman; April 16, 12:30 p.m.: U.S. Initial Jobless Claims

Top 5 Gainers (24h) - HONEY +5.26%, now at $0.002, 24h vol $581.31K - NAP +5.21%, now at $1.87, 24h vol $1.24M - IMX +4.97%, now at $0.1447, 24h vol $19.1M - ONG +4.26%, now at $0.0885, 24h vol $8.13M - ANKR +1.88%, now at $0.0053, 24h vol $49.33M Top 5 Losers (24h) - AST -2.78%, now at $0.007, 24h vol $20.83K - TRADOOR -2.61%, now at $5.52, 24h vol $91.39M - FIS -1.71%, now at $0.0115, 24h vol $274.69K - ENJ -1.53%, now at $0.0376, 24h vol $295.91M - AHT -1.52%, now at $0.0016, 24h vol $6.81M

CME BTC futures opened today at $71,520, creating a gap of approximately $2,110 from the previous trading day's close of $73,630. The CME BTC futures gap refers to the space on the chart between the closing price on Friday and the opening price on Monday. This phenomenon occurs because the CME is closed on weekends, while the Bitcoin spot market operates continuously. The larger the spot price movement over the weekend, the wider the gap. Investors often monitor these gaps on the assumption that the futures price, which is based on the spot price, may eventually move to fill it.

The 'Fear & Greed Index' from cryptocurrency data provider Alternative rose one point from yesterday to 16, keeping the market in a state of extreme fear. The index ranges from 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

The Spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas can indicate potential support and resistance levels. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

Michael Saylor, founder of Strategy (MSTR), the largest corporate holder of Bitcoin, said the company can permanently maintain its dividend without issuing new shares if Bitcoin's value increases by more than 2.05% annually. He explained that Strategy's break-even annual rate of return (ARR) on its Bitcoin holdings is approximately 2.05%. If Bitcoin appreciates faster than this rate, the company can secure the necessary funds for dividends without needing to raise additional capital, he added. Strategy has historically purchased BTC by utilizing various stock sale programs, including the issuance of perpetual preferred stock.

Anthony Scaramucci, founder of U.S. alternative investment firm SkyBridge Capital, has predicted that every company will soon hold Bitcoin on its balance sheet. In a post on X, he highlighted that Elon Musk's SpaceX holds 8,285 BTC, valued at $603 million, despite a $5 billion loss related to its xAI acquisition. Scaramucci stated that soon every company will hold Bitcoin and that his firm would do the same. According to CoinDesk, SpaceX's Bitcoin holdings have remained stable since mid-2024. At Bitcoin's peak in October 2025, the value of its holdings exceeded $1.6 billion. The outlet suggested that SpaceX's decision to hold onto its BTC rather than cashing it out indicates that Musk is treating the cryptocurrency like a treasury asset.

Tron (TRX) founder Justin Sun publicly criticized World Liberty Financial (WLFI), a DeFi project linked to the Trump family, for operating a blacklist and lacking transparent governance, prompting the project to threaten legal action. On April 12, Sun stated that while he had supported President Donald Trump and his crypto-friendly policies, he now condemns the series of token-related controversies surrounding WLFI. Sun, who made a significant investment in the project, said he initially believed it would bring the benefits of DeFi, such as financial freedom and disintermediation, to Americans. He pointed out that the smart contract used for WLFI token distribution contains a backdoor blacklist function, allowing the project to freeze, restrict, or confiscate token holders' assets without prior notice or just cause—a feature he described as the antithesis of decentralization. Sun also claimed that the project's structure was not determined by a legitimate governance vote, alleging that key information was withheld from voters and that the outcome was predetermined. In response, World Liberty Financial questioned if anyone still believes Sun, accusing him of "playing the victim to cover up his own wrongdoing." The project's team stated, "It's the same pattern every time, just the target has changed to WLFI." They added, "We have a contract and will see you in court." Recently, the price of WLFI hit an all-time low after it was revealed that World Liberty Financial had borrowed $75 million in stablecoins using billions of WLFI tokens as collateral. The project has also announced plans to gradually unlock tokens allocated to its early investors.

Anthony Pompliano, CEO of the Nasdaq-listed, Bitcoin-focused financial firm ProCap Financial, has described Bitcoin as a beacon of hope amid the conflict between the U.S. and Iran. Speaking in an interview with CNBC, he noted that while stocks, bonds, and gold all saw significant sell-offs during the recent conflict, Bitcoin remained stable or rose slightly, bucking the trend in the broader risk-asset market. He added that with Bitcoin's volatility now reduced, geopolitical uncertainty could stimulate investor demand to hold the asset, citing its neutrality and the fact that no single country can exert influence over it.