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U.S. President Donald Trump claimed on Truth Social that Iran is suffering a major defeat, stating its navy, air force, and air defense networks have been effectively neutralized and most of its missile and drone facilities destroyed. He added that the U.S. is currently conducting mine-clearing operations in the Strait of Hormuz for the benefit of countries including South Korea, Japan, China, and Germany, and that oil tankers from various nations are now heading to the U.S. to load crude oil.

Several U.S. Navy vessels passed through the Strait of Hormuz on April 11, according to U.S. media. The passage, which occurred without prior coordination with Iran, marks the first such transit since the outbreak of the war with Iran.

As Bitcoin remains in a $65,000 to $73,000 range for the past six weeks, the market is showing a distinct polarization where institutions are buying while other cohorts are selling, CoinDesk reported. According to the analysis, mandatory buyers such as MicroStrategy and U.S. spot ETFs are defending the price floor. Meanwhile, whales, medium-sized holders, miners, and some countries are strengthening their trend of selling or reducing holdings. Specifically, whale holdings have reversed from an annual accumulation trend of 200,000 BTC to a reduction of 188,000 BTC, and the growth rate of holdings by medium-sized investors has slowed by over 60%. Miners have sold more than 19,000 BTC in the past week amid operational pressures, and Bhutan has also significantly reduced its holdings. On the other hand, ETFs have absorbed about 50,000 BTC per month, supporting the downside, though recent weekly inflows have slowed. While a short-term rebound occurred after a ceasefire between the U.S. and Iran, the key variable is whether limited institutional demand can continue to absorb the selling pressure and break the $73,000 resistance.

Delegations from the United States and Iran have begun negotiations, Xinhua News Agency reported.

Arthur Hayes has purchased an additional 26,022 HYPE, worth $1.1 million, for the first time in approximately three months, according to Lookonchain. He now holds a total of 247,334 HYPE, valued at $10.44 million, with an unrealized profit of around $2.5 million.

An analysis suggests that if Iran's Islamic Revolutionary Guard Corps (IRGC) imposes a cryptocurrency toll on oil tankers in the Strait of Hormuz, it would likely favor stablecoins over Bitcoin as the payment method. BeInCrypto reported, citing Chainalysis, that dollar-pegged stablecoins are better suited for large-scale transactions due to their price stability and liquidity. Chainalysis noted that inflows to IRGC-related wallets are estimated to have surpassed $3 billion in 2025, indicating an operational scale where stablecoins would be a more practical choice. The analysis also highlighted the risk of potential asset freezes by stablecoin issuers.

According to BitcoinTreasuries.net, MicroStrategy's (MSTR) perpetual preferred stock, STRC, is estimated to have purchased approximately 3,447 BTC, worth around $250 million, on April 10.

Iran has laid out several "red lines," or non-negotiable demands, according to a reporter for the country's state-run TV. These include: - Guaranteed passage through the Strait of Hormuz - Payment of war reparations - The unfreezing of its assets - A full ceasefire in the region

Crypto startups raised a total of $76 million in the first week of the second quarter, DL News reported. Notable projects that received funding include the layer-1 blockchain Pharos ($44 million), AI Web3 platform Oh ($7.5 million), and stablecoin card issuance infrastructure platform Kulipa ($6.2 million). The cumulative fundraising amount for this year has reached approximately $5 billion.

World Liberty Financial (WLFI), a DeFi project associated with the Trump family, has reached an all-time low after it was revealed that the project borrowed $75 million in stablecoins using billions of its own WLFI tokens as collateral, Cointelegraph reported. According to the report, concerns grew among cryptocurrency users after the news broke that the project had taken out a large loan using its native token. This led to a decline in the value of the WLFI token, which hit a record low of approximately $0.07714. This price represents an 83% drop from its peak of $0.46, recorded in September of last year. In response to the spreading controversy, World Liberty Financial explained on X that the liquidation risk for the position is not high and that the loan strategy is beneficial for generating returns. However, this statement appears to have failed to calm market concerns.

Nasdaq-listed mining company Bitdeer announced it sold all 165 BTC it mined this week. The company has been pursuing a zero-BTC holding strategy since February.

Bitcoin's current price action is likely just another resistance test rather than a true trend reversal unless it can break above the $73,000 level with strong buying pressure, according to an analysis by Bitcoin Vector, a Bitcoin-focused account from crypto data firm Swissblock. The analysis noted that BTC is once again testing resistance in an attempt to extend its upward move. However, it pointed out that the last significant upward expansion accompanied by increased volatility occurred on Oct. 10 of last year, just before a sharp drop. Since then, all subsequent rallies have failed to sustain their momentum, leaving Bitcoin trapped in a bearish structure where another resistance test or a continued decline remains highly probable. "Unless it breaks and settles above the $73,000 resistance level on the back of strong buying pressure, this should be seen as another test of resistance, not a trend reversal," the analysis concluded.

A whale or institution holding 59% of Nomina (NOM)'s circulating supply transferred 768 million NOM, worth approximately $3.73 million, to Binance today, according to EmberCN. The monitor noted that since yesterday, the entity has moved a total of 1.442 billion NOM, valued at around $7.67 million, to the exchange. Over the past 24 hours, the price of NOM has fallen by 39%.

Bhutan has sold approximately 70% of its Bitcoin holdings over the past 18 months and may have also ceased its mining operations, CoinDesk reported. The country, which had amassed around 13,000 BTC through hydropower-based mining by October 2024, now holds just 3,954 BTC. The lack of any significant BTC inflows for over a year suggests that mining activities have been suspended. The nation's sovereign wealth fund, Druk Holding & Investments, has not issued an official statement on the matter. The media outlet noted that selling hydropower to neighboring India may now be more profitable for Bhutan than mining. It added that factors like price, mining difficulty, and the halving are eroding the profitability of small-scale, state-run Bitcoin mining operations.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the initial members of its Innovation Task Force, which was established to support innovation and enhance transparency in the cryptocurrency market. According to Cointelegraph, the group will be led by Michael Pasalaqua, Senior Counsel to CFTC Chairman Michael Selig. The five initial members include crypto lawyer Hank Balaban, former Patomak crypto consultant Sam Kanavos, CFTC legal expert Mark Faiver, blockchain lawyer Eugene Gonzalez IV, and CFTC Special Counsel Dina Moussa. Chairman Selig stated that the task force is composed of a top-tier team with the expertise and dedication to provide clear guidance for American innovators.

According to Reuters, a senior Iranian source said the U.S. has agreed to unfreeze Iranian assets held in Qatar and other overseas banks.

U.S. spot Ethereum ETFs recorded a net inflow of approximately $64.9 million on April 10, according to data from Farside Investors. - BlackRock ETHA: +$53.7 million - BlackRock Staking ETHB: +$8.1 million - Fidelity FETH: -$600,000 - 21Shares TETH: +$3.7 million

South Korean financial authorities are considering a plan to confiscate the principal investment in crypto insider trading cases, Newsis reported. The measure is being reviewed for inclusion in the upcoming Digital Asset Basic Act, also known as the second phase of virtual asset legislation, which is expected to be announced in the second half of this year. South Korea's Financial Supervisory Service recently proposed the idea to the Financial Services Commission, which is now deliberating on its inclusion in the new law. Under the current Virtual Asset User Protection Act, the government can only seize principal investments in cases of fraudulent transactions or market manipulation. There is currently no legal basis for confiscating funds related to the use of undisclosed information.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $52.69 million liquidated (80.71% shorts) - ETH: $36 million liquidated (74.37% shorts) - RAVE: $14.34 million liquidated (79.4% shorts)

Social Dominance Top 5 1. BTC: 32.8% (-0.9%) 2. ETH: 11.45% (+1.25%) 3. XRP: 2.55% (-0.45%) 4. ZEC: 0.9% (-0.2%) 5. LTC: 0.5% (+0.05%) AI Search Volume Top 5 1. Solana Foundation (11%), up one spot 2. Ethereum (10%), down one spot 3. Polygon (7%), up one spot 4. Aave (6%), down one spot 5. Bittensor (5%), up seven spots

An address associated with Cumberland has withdrawn 26,500 ETH ($59.52 million) from OKX, Binance, Bybit, and Coinbase in the last 12 hours, according to Lookonchain. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Cryptocurrency wallet provider Exodus (EXOD) has launched Exodus Pay, a new self-custody app, Decrypt reported. The app enables users to pay with dollar stablecoins or BTC at merchants that accept Visa and Apple Pay.

The Altcoin Season Index from crypto data platform CoinMarketCap stands at 35, unchanged from yesterday. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. The market is considered to be in an altcoin season when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 indicates stronger altcoin performance.

An address presumed to belong to the Ethereum Foundation has completed the sale of 5,000 ETH at an average price of $2,221, Onchain Lens reported. The foundation had previously announced its intention to sell the ETH to fund research, development, and grants.

The Crypto Fear & Greed Index, compiled by data provider Alternative, is at 15, down one point from yesterday. This reading indicates that the market remains in a state of extreme fear. The index ranges from 0 (extreme fear) to 100 (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%).