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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.

Chainalysis predicts that as on-chain payments begin to compete with Mastercard and Visa, stablecoin transaction volume could reach approximately $1,500 trillion by 2035.

Yuga Labs has settled its lawsuit against the RR/BAYC project, which it accused of imitating the Bored Ape Yacht Club (BAYC) NFT collection, CoinDesk reported. The agreement concludes a two-year legal dispute with artists Ryder Ripps and Jeremy Cahen. While the RR/BAYC project claimed its work was a parody using BAYC images, Yuga Labs argued that it constituted trademark infringement and created consumer confusion.

An Iranian Foreign Ministry spokesperson warned that brutal acts committed by Israel against Lebanese civilians and residential areas on April 8 will have extremely serious consequences, emphasizing that the U.S. government bears direct responsibility for the events.

Coinbase believes the Clarity Act could influence the growth of the European cryptocurrency market and its regulatory environment, DL News reported. In an interview with the outlet, Côme Prost-Boucle, Coinbase's head for the European Economic Area (EEA), stated that the Clarity Act and the Genius Act are shaping global investor sentiment. He added that the passage of these bills could boost investor confidence and also affect the European Union's Markets in Crypto-Assets (MiCA) regulation.

Bloomberg ETF analyst Eric Balchunas reported that Morgan Stanley's spot Bitcoin ETF (MSBT), which listed on the U.S. stock market today, has already surpassed $27 million in trading volume. Balchunas added that the fund looks certain to exceed its expected volume of $30 million and is projected to reach around $50 million. He noted this performance would place it in the top 1% of all ETF launches. For comparison, Balchunas explained that last year, only a handful of products such as BSOL, XRPC, and DRAM recorded first-day trading volumes of around $60 million.

Investor sentiment for Bitcoin has clearly improved, but it is too early to consider the market's entry into a full-fledged uptrend, according to on-chain analyst Axel Adler Jr. He noted that the Bitcoin Futures Advanced Sentiment Index, a composite indicator reflecting price action, open interest, and volume delta, recently rose from 23.4 to 53.1. However, Adler Jr. added that upward momentum remains sluggish compared to the index's past peak of 65.6. He concluded that while selling pressure has eased, a definitive shift into a bull market has not yet occurred.

The U.S. Treasury Department is set to propose a new rule that would require stablecoin issuers to monitor for illicit transactions to prevent money laundering and sanctions violations, CoinDesk reported. The proposal will be jointly issued by the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) to implement the GENIUS Act. The requirements will include the ability for issuers to block, freeze, and reject transactions, as well as the implementation of internal safeguards to comply with the U.S. Bank Secrecy Act.

The following is an analysis of the Spot Cumulative Volume Delta (CVD) chart for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom displays the CVD. - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color becomes brighter when the price lingers in a certain range or makes a significant move. These brighter areas can potentially act as support or resistance. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by size, with a rising line indicating an increase in buy orders. The yellow line represents orders from $100 to $1,000, while the brown line represents large orders from $1 million to $10 million.

Top 5 Gainers (24h) - K +81.67%, now $0.0023, volume $5.62M - ENJ +40.51%, now $0.0281, volume $34.68M - ARIA +25.87%, now $0.6463, volume $25.99M - TRADOOR +21.64%, now $3.95, volume $13.99M - RSC +20.13%, now $0.0764, volume $1.74M Top 5 Losers (24h) - CORN -22.73%, now $0.0308, volume $5.31M - RLS -21.79%, now $0.0026, volume $6.61M - DUCK -20.72%, now $0.0002, volume $1.03M - KERNEL -18.27%, now $0.0876, volume $47.79M - BR -15.58%, now $0.1236, volume $5.1M

Trading volume on centralized exchanges (CEX) is rapidly slowing, according to CryptoQuant. The volume on major exchanges has fallen by approximately 48% since October 2025 to a total of $4.3 trillion. Derivatives trading accounts for the majority of this activity, with $3.5 trillion in volume compared to $0.8 trillion in spot trading.

Iran's Khatam al-Anbiya Central Headquarters of the Armed Forces declared victory in a 40-day war against the United States and Israel in a statement on April 8. According to the statement, the Iranian military struck U.S. military bases in the Middle East and key Israeli military, security, and economic targets over the past 40 days, inflicting significant casualties and economic losses. The headquarters claimed it has seized complete initiative in the conflict. It also asserted that the U.S. and Israel have accepted ceasefire conditions proposed by Iran. "Iran has proven its ability to defeat the enemy at any level," the statement said, adding that the country is prepared for a "more intense, prolonged, and extensive war."

Bitcoin has reclaimed the $70,000 level amid hopes for a ceasefire in Iran, but the market remains cautious about the rally's sustainability, according to an analysis by CoinDesk. The outlet noted that margin long positions on Bitfinex are holding at 80,057 BTC, a two-year high, reflecting significant leveraged bets on further price increases. These long positions have not decreased even as Bitcoin has risen more than 20% from its low of $60,000 about two months ago, suggesting the market does not view the current rebound as a complete removal of risk. Meanwhile, institutional demand for BTC also appears to be slowing, with the Coinbase BTC Premium Index fluctuating between positive and negative territory, indicating a lack of clear buying pressure.

According to CoinNess market monitoring, BTC has fallen below $71,000. BTC is trading at $70,982.83 on the Binance USDT market.