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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.

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.