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The Ethereum Foundation has sold 3,750 ETH ($8.3 million), AmberCN reported. The foundation had previously announced plans to sell a total of 5,000 ETH to support research, development, and grants.

South Korean crypto exchange Bithumb has initiated provisional seizure proceedings to recover 7 BTC that it mistakenly sent to users during an event in February, Chosun Biz reported. The exchange had failed to retrieve this final portion from a much larger erroneous distribution. The 7 BTC were valued at approximately 700 million won ($520,000) at the time of the incident. The move to file for a provisional seizure indicates that the company is preparing to file a civil lawsuit. According to a high-ranking industry official, some customers refused to return the cryptocurrency, arguing that the company was at fault for the mistake. However, the consensus in the legal community is that the customers are highly likely to lose if the case goes to court.

The Crypto Fear & Greed Index from data provider Alternative has dropped three points from yesterday to 14, with market sentiment remaining in a state of extreme fear. The index measures market sentiment on a scale of 0 (extreme fear) to 100 (extreme optimism). It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Top 5 Gainers (24h) RSC: +63.36% at $0.1039 (Volume: $3.54M) ARIA: +38.43% at $0.7108 (Volume: $26.3M) ENJ: +38.17% at $0.0276 (Volume: $132.98M) TRADOOR: +25.73% at $4.09 (Volume: $19.12M) DRIFT: +17.17% at $0.0311 (Volume: $53.88M) Top 5 Losers (24h) DUCK: -30.30% at $0.00017 (Volume: $1.14M) KERNEL: -20.41% at $0.0853 (Volume: $50.59M) RLS: -19.97% at $0.0026 (Volume: $5.8M) BR: -19.94% at $0.1172 (Volume: $4.88M) ARIAIP: -19.00% at $0.0032 (Volume: $321.85K)

No oil tankers have passed through the Strait of Hormuz since a ceasefire agreement was reached yesterday, the New York Times reported, citing data from shipping intelligence firm Kpler. The only four vessels to transit the strait were all dry bulk carriers.

Shinhan Card has completed a Proof of Concept (PoC) for six key technology initiatives using stablecoins and blockchain to proactively adapt to shifts in the next-generation payment paradigm, The Herald Business reported. The company explained that the verification confirmed the potential to expand Web3.0-based financial services, such as global settlement and cross-border payments, by integrating these technologies with its existing card payment system to create new user experiences.

The number of whale addresses holding over 10 million ADA has been rising rapidly, according to crypto on-chain analytics firm Santiment. The count of such wallets now stands at 424, marking a four-month high after an approximately 5% increase over the past nine weeks.

The number of addresses depositing BTC to exchanges has fallen to a 10-year low, a sign of contracting market activity, according to on-chain analyst Darkfost. In a contribution to CryptoQuant, Darkfost noted that the 30-day moving average of daily deposit addresses is currently around 31,000, the lowest level in the last decade. This figure regresses market activity to 2017 levels, standing in contrast to the annual average of 47,000. The analyst explained that historically, such a sharp drop in deposit addresses is often seen in the later stages of a bear market when investor interest has significantly diminished. Darkfost attributed the decline to a combination of factors, including a shift in market structure and investor behavior. These include some investors leaving the market entirely during a prolonged adjustment phase, others choosing to hold their BTC while waiting for more favorable conditions, and a growing preference for self-custody and decentralized trading following the collapse of FTX. While reduced participation and slowing activity are negative in the short term, Darkfost assessed that this trend often coincides with a period of decreasing selling pressure.

U.S. Representative Ritchie Torres (D) has urged the Securities and Exchange Commission (SEC) to investigate unusual trading in oil and stock futures markets that occurred just before President Donald Trump postponed a military strike against Iran last month. Torres stated that the speed, size, and structure of the trades were all highly suspicious, adding that neither the SEC nor the Commodity Futures Trading Commission (CFTC) should ignore the matter. He has asked regulators to launch a formal investigation into transactions made in the oil, energy, and stock futures markets minutes before a post by President Trump on March 23 and to secure the trading records of the accounts involved.

According to the CME FedWatch Tool, the probability of the Fed holding interest rates steady in April is 98.4%, while the probability of a 25 bp hike is just 1.6%. For the June meeting, the cumulative probability of a 25 bp rate cut stands at 1.7%, with a 96.8% chance of rates remaining unchanged and a 1.5% chance of a cumulative 25 bp hike.

Bitcoin Depot, a Nasdaq-listed company and the world's largest Bitcoin ATM operator, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it lost 50.9 BTC to a hack on March 23. The stolen assets are valued at approximately $3.66 million. According to the filing, the hackers gained access to the company's IT systems, compromised its cryptocurrency settlement account information, and used it to make unauthorized withdrawals.

Canary Capital has filed an application (S-1) for a spot PEPE ETF with the U.S. Securities and Exchange Commission (SEC), according to ETF analyst Eric Balchunas.

Iran's Revolutionary Guard has blocked passage through the Strait of Hormuz, citing Israel's violation of a ceasefire agreement with Lebanon, CNN reported.

Morgan Stanley's spot Bitcoin ETF (MSBT) attracted approximately $34 million on its first day of trading on the U.S. stock market, with over 1.6 million shares changing hands, CoinDesk reported. The media outlet noted that the fund has the lowest fee among its peers at 0.14%. However, it remains uncertain whether MSBT can sustain its initial momentum in a market dominated by a few large firms.

MicroStrategy founder Michael Saylor has refuted a claim by New York Times (NYT) investigative reporter John Carreyrou that Blockstream CEO Adam Back may be Bitcoin founder Satoshi Nakamoto, calling the assertion a "clear error." In a post on X, Saylor noted that while the NYT's argument is based on a statistical analysis of writing style and language habits, it contains a contradiction. He explained that Satoshi Nakamoto actively communicated with Adam Back, and an analysis of their email exchanges reveals they are two different individuals. Saylor emphasized that until someone signs a message with Satoshi's private keys, all such theories are merely claims.

The three major U.S. stock indices closed higher today. - S&P 500: +2.51% - Nasdaq: +2.80% - Dow Jones: +2.85%

The weekly trading volume on prediction market Kalshi has surged over the past year, according to a report from Bank of America (BofA). The platform now commands a 91% share of the U.S. prediction market.

David Woodcock, a partner at U.S. law firm Gibson Dunn, has been appointed Director of the U.S. Securities and Exchange Commission's (SEC) Division of Enforcement, BeInCrypto reported. His predecessor, Margaret Ryan, resigned in late March following internal conflicts over an investigation into an associate of President Donald Trump. The outlet noted that Woodcock, who previously led the SEC's Fort Worth Regional Office from 2011 to 2015, has no experience in the cryptocurrency sector. He is set to lead the enforcement division starting on May 4.

BitMEX co-founder Arthur Hayes stated that retail investors are at a structural disadvantage when competing with institutional investors, Wu Blockchain reported. He argued that AI can manipulate market sentiment and overwhelm individual traders, adding that in an environment of macroeconomic uncertainty and speculative trading, competing against institutional algorithms is a losing battle. Consequently, Hayes advised that it is more rational for retail investors to shift away from short-term trading strategies and instead focus on holding cryptocurrencies for the long term.

Strategy founder Michael Saylor stated that Bitcoin likely formed a bottom around $60,000 in February, CoinDesk reported. Speaking at an event hosted by global securities firm Mizuho, Saylor explained that a BTC bottom is determined more by the exhaustion of selling pressure than by valuation. He added that trend reversals are more influenced by changes in capital structure and liquidity than by investor sentiment. According to Saylor, current ETF inflows are absorbing daily sell volumes, and corporate adoption of Bitcoin for treasury purposes is limiting selling pressure. He also dismissed the threat of quantum computing as exaggerated, stating the risk is still theoretical and can be technologically addressed before it becomes a practical concern.

The Speaker of the Iranian Parliament announced in a statement today that three key provisions of a 10-point proposal were violated before negotiations could even begin. The violations cited include the failure to implement a ceasefire in Lebanon, which the Pakistani Prime Minister had described as a comprehensive ceasefire that should take immediate effect in all regions; the violation of Iranian airspace, demonstrated by the downing of a drone over Larestan in Fars province; and the denial of Iran's right to enrich uranium, which was included in Article 6 of the proposal. The speaker emphasized that the viable conditions meant to be the foundation for negotiations were openly undermined from the start, adding that it is unreasonable to proceed with a bilateral ceasefire or talks under these circumstances.

The White House announced that President Trump has completely rejected Iran's 10-point proposal, deeming it insufficient, Solid Intel reported.

Federal Reserve officials at their March meeting debated the "two-way risk" facing the U.S. economy from the war in Iran, with some members seeing a case for rate cuts while others warned of inflationary pressures that could require hikes. According to the Federal Open Market Committee (FOMC) minutes released on April 8, a majority of members expressed concern that the conflict could weaken the labor market, potentially necessitating a rate cut. At the same time, a majority also pointed to inflation risks that could make a rate hike necessary. The minutes stated that some participants felt there was sufficient reason to describe future policy decisions as having two-way risk, acknowledging that raising rates could be appropriate if inflation remains persistently above target. An overwhelming majority of attendees assessed that both upside risks to inflation and downside risks to employment were elevated, with these risks heightened by developments in the Middle East. Since the meeting, many Fed officials have reportedly leaned toward keeping rates on hold to assess the war's impact. The Fed maintained its benchmark interest rate in the 3.50-3.75% range at the March meeting.

According to Glassnode, Bitcoin's rebound from $67,000 to $72,000 is not yet accompanied by strong conviction. The analytics firm pointed to sluggish spot demand and slowing futures trading activity. However, Glassnode also noted that ETF fund inflows are showing a slight shift toward an increase.

White House spokesperson Karoline Leavitt announced that the U.S. and Iran will hold their first talks in Pakistan on April 11.