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Bitmine (BMNR) Chairman Tom Lee said on X that he has detected tangible signals of a market bottom, identifying his preferred investment areas as Energy (XLE), the Magnificent Seven, software, BTC, and ETH.

Binance founder Changpeng Zhao said that blockchain offers ultimate utility and will establish itself as the fundamental infrastructure for global finance and data. He made the remarks during an Ask Me Anything (AMA) session for his new book, "Freedom of Money."

U.S. Treasury Secretary Scott Bessent, in an op-ed for The Wall Street Journal, urged Congress to pass the Clarity Act, a crypto market structure bill, in order to establish clear regulations and maintain America's global leadership in the sector.

Four addresses linked to the same entity opened a total of $33.3 million in FARTCOIN long positions over the past four hours, according to Onchain Lens. The positions were ultimately liquidated, resulting in a loss of $3.02 million. Onchain Lens described the activity as an apparent attempt to manipulate the token's price.

Solstice Finance is advancing DeFi asset management by moving beyond single-strategy vaults to a platform model that integrates diverse yield strategies, according to a report from Asian Web3 research and consulting firm Tiger Research. The report notes that Solstice places multiple products within its vault platform, which are directly executed by its in-house trading desk. Currently, the platform operates eUSX, a delta-neutral strategy based on USX, and is preparing to launch strcUSX (stock tokens) and oUSX (a high-risk leverage strategy). The eUSX product utilizes a spot-futures hedge structure to generate returns from funding fees and has secured approximately $360 million in Total Value Locked (TVL). However, Tiger Research identified several key risks, including a profit structure that is not fully verifiable on-chain, profit volatility tied to changes in the funding environment, and a high dependence on the team's operational capabilities.

MicroStrategy's (MSTR) perpetual preferred stock, STRC, has secured enough funds to purchase more than 2,500 BTC, BitcoinTreasuries.net reported. This amount is equivalent to five times the daily mining volume of BTC.

CoinMarketCap's Altcoin Season Index stands at 34, unchanged from yesterday. The index measures whether the market is in an altcoin season by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the past 90 days. An altcoin season is declared when 75% of these top coins outperform Bitcoin during this period. The opposite scenario is considered a bitcoin season. A score closer to 100 indicates a stronger altcoin season.

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.