News linked to this event type.
According to on-chain analyst Ember (@EmberCN), a set of addresses holding at least 59% of NOM (Nomina)’s circulating supply transferred 23% of the token’s circulating supply (674 million NOM, valued at $3.94 million) into Binance over the past hour. NOM’s price dropped 25% today. This address set is likely the same entity that drove NOM’s price up sixfold (from $0.0017 to $0.0126) over the past half-month. On April 1, it withdrew 1.72 billion NOM from Binance across seven wallets—representing 59% of NOM’s total circulating supply (2.9 billion NOM).
According to on-chain analyst Ai Aunt (@ai9684xtpa), the multisig address 0x0A1...790d7 has withdrawn a total of 29.78 million RAVE tokens from Bitget over the past 7 hours, with a total value of approximately $33.68 million. The RAVE token’s price has surged by 333% over the past 24 hours. This address is clearly linked—via fund flows—to two addresses that deposited tokens into exchanges near the beginning of today’s sharp price increase. Further monitoring is required to fully understand the specific fund flows and their implications.
According to The Block, Bitcoin continued its high-range consolidation this week, holding above $72,000, influenced by developments in the Middle East and U.S. CPI inflation data. Spot Bitcoin ETFs recorded $358 million in net inflows on April 9, while Ethereum funds attracted approximately $85 million in new capital. Analysts noted that although the Middle East ceasefire has reduced risk premiums, markets have yet to return to normal, with oil prices, interest rates, and crypto assets remaining tightly correlated. March’s CPI rose 3.3% year-on-year—slightly below expectations—with rising energy costs serving as the primary driver. Institutional investors remain cautious toward risk, and options markets suggest volatility may subside over the summer. Bitcoin’s current price action is driven by macroeconomic and geopolitical factors, and traders are awaiting further data to assess its next directional move.
According to on-chain analyst Onchain Lens (@OnchainLens), the Royal Government of Bhutan transferred 250 BTC to a newly created wallet, valued at $18.05 million.
According to on-chain analytics platform Lookonchain (@lookonchain), Machi Big Brother (@machibigbrother) has recently seen a significant improvement in trading performance, remaining unliquidated for 10 consecutive days and achieving 13 winning trades in a row, with cumulative profits of $1.14 million over the past week.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), renowned trader “Set 10 Big Goals First” (@Jason60704294) has updated his latest positions: his BTC short position has not only avoided triggering its stop-loss but has been increased to 2,567.49 BTC, with an average entry price of $71,554.61—currently showing a floating loss of $1.374 million. His ETH short position stands at 38,465.22 ETH, with an average entry price of $2,248.74, currently generating a floating profit of $2.018 million. The net floating profit across both positions is approximately $644,000.
According to options analyst [email protected] (@BTC__options), on April 10, a total of 27,000 BTC options expired, with a Put/Call Ratio of 0.71, a max pain level at $69,000, and a notional value of $1.94 billion; meanwhile, 151,000 ETH options expired, with a Put/Call Ratio of 0.77, a max pain level at $2,050, and a notional value of $330 million. Market-wise, spurred by news of a U.S.-Iran ceasefire this week, BTC surged past $72,000—breaking out of its recent consolidation range. BTC options’ market share has consistently exceeded 80%, with open interest concentrated in late April and late June expiries; trading activity is dominated by the current-month (late-April) expiry. In terms of volatility, BTC’s implied volatility (IV) across major tenors dropped sharply to around 40%, while ETH’s IV across major tenors also declined to approximately 60%. Skew continues rising, albeit modestly. Analysts note that BTC’s performance this year has been weak both in price and market热度 (heat). Although this week’s sustained rebound is rare, indicators such as fund flows suggest the crypto market remains driven by broader markets, with most of its own metrics pointing to bearish characteristics.
According to on-chain analyst The Data Nerd (@OnchainDataNerd), a wallet address疑似 belonging to Matrixport opened two long positions on ETH and BTC last month, totaling approximately $197 million; the positions remain open as of now, with unrealized profits of roughly $5 million.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded net inflows of $106 million, a significant increase compared to the previous day (April 8), when net inflows stood at $13.84 million. Specifically: BlackRock’s ETHA saw net inflows of $90.94 million; BlackRock’s staking version ETHB recorded net inflows of $13.67 million; Grayscale’s mini ETH ETF registered net inflows of $9.67 million; 21Shares’ TETH experienced net outflows of $5.53 million; Franklin’s EZET posted net outflows of $1.68 million; Grayscale’s ETHE reported net outflows of $0.9 million; and Fidelity’s FETH, Bitwise’s ETHW, Invesco’s QETH, and VanEck’s ETHV all recorded zero net inflows for the day.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the RAVE token surged 232% in price over the past 24 hours. This surge appears linked to two addresses associated with the project team, which deposited 18.58 million RAVE tokens to Bitget near the start of the price rally (approximately 10 hours ago). At that time, the token price stood at just $0.43, making the entry cost roughly $8 million. At the current price of $1.027, those tokens are now valued at approximately $19.08 million.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded net inflows of $305 million yesterday, marking a significant rebound from the previous day’s net outflows of $124 million on April 8. Among them, BlackRock’s IBIT accounted for $269 million in net inflows—over 80% of the day’s total; Morgan Stanley’s MSBT saw $14.9 million in net inflows; Bitwise’s BITB recorded $11.73 million; Ark Invest’s ARKB brought in $4.78 million; Franklin Templeton’s EZBC added $2.08 million; and VanEck’s HODL contributed $2.04 million. Fidelity’s FBTC, Invesco’s BTCO, and other products registered zero net inflows that day.
Sam Dare, founder of Covenant AI, announced that Covenant AI has officially exited the Bittensor network. Previously, Covenant AI completed the largest decentralized LLM pretraining project in history—Covenant-72B (a 72-billion-parameter model developed by over 70 independent contributors)—which drew attention from NVIDIA’s CEO and was cited by an Anthropic co-founder. In its statement, Covenant AI accused the Bittensor network of long concentrating actual control in the hands of co-founder Jacob Steeves (“Const”), rendering the so-called “three-signature multisig governance” merely a theatrical performance of decentralization, with real power never truly distributed. Recently, Jacob Steeves unilaterally imposed punitive measures against Covenant AI, including: suspending its subnet earnings, revoking its community channel moderation privileges, unilaterally deprecating its subnet infrastructure, and exerting economic pressure via large-scale token dumping during the ongoing conflict between the two parties. Covenant AI stated it cannot continue fundraising, recruiting talent, or soliciting community resources on a network where the promise of “decentralization” can be unilaterally revoked by a single individual. Its research outcomes, team, and models will depart alongside the team, and a new project—including related progress—will be publicly announced shortly.
According to on-chain analyst Yujin (@EmberCN), a whale/institution has established large-scale crude oil short positions on Hyperliquid, totaling approximately $74.47 million, with an unrealized profit of about $1.2 million. Specifically, the address opened a short position of 399,000 barrels of WTI crude oil at $95.4 per barrel (valued at $37.88 million), generating an unrealized profit of approximately $200,000; and opened a short position of 390,000 barrels of Brent crude oil at $96.4 per barrel (valued at $36.59 million), generating an unrealized profit of approximately $1 million.
According to on-chain analytics platform Lookonchain (@lookonchain), the swing trader address 0x4F51 recently sold its remaining 1,000 ETH for approximately $2.22 million, incurring a loss of roughly $1.44 million on this trade. Since January 27, 2025, this address has executed four swing trades, three of which resulted in losses, accumulating a total loss of $2.45 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a wallet associated with Metalpha deposited 7,200 ETH—worth approximately $15.79 million—into Binance.
According to on-chain analyst Ember (@EmberCN), approximately 116 million ONDO tokens (valued at roughly $30.21 million) have been transferred from the Ondo Finance multisig wallet to Coinbase over the past ~six weeks. The transfer pattern shows a clear regularity: roughly 20 million ONDO tokens are transferred weekly from the multisig wallet to another multisig address, followed by multiple smaller transfers to Coinbase within several days.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet deposited 2 million USDC into HyperLiquid and purchased 49,731 HYPE tokens at a price of $40.22.
According to on-chain analyst Onchain Lens (@OnchainLens), Grayscale staked 83,200 ETH approximately two hours ago, valued at roughly $183 million.
Castle Labs (@castle_labs) published a post stating that the current crypto market is undergoing a profound paradigm shift—speculative models prioritizing extraction are gradually giving way to investment logic oriented toward revenue generation. The article notes that since 2026, the broader crypto market has performed poorly: most assets have seen sustained price declines, ETF funds have continued flowing out, project shutdowns have intensified, and institutional VC investments have grown increasingly conservative. The key catalysts for this shift were last October’s large-scale liquidation event and the ongoing market reflection triggered by gold consistently outperforming Bitcoin. On the revenue data front, among the roughly 5,700 protocols tracked by DeFiLlama, only 3.5% generated over $100,000 in revenue over the past 30 days—and fewer than 1% actually distributed earnings to token holders. The article focuses on top revenue-generating protocols—including Hyperliquid (HYPE), Pumpdotfun (PUMP), Tron (TRON), Sky (SKY), Jupiter (JUP), Aave (AAVE), and Aerodrome (AERO)—analyzing their price-to-sales ratios (P/S) and token holder return metrics. It argues that protocol revenue—and its capacity to feed value back to token holders—is becoming the core metric investors use to evaluate and select projects. Regarding institutionalization trends, traditional financial giants—including NYSE, Robinhood, BlackRock, and Franklin Templeton—
According to ZachXBT’s disclosure, Gurhan Kiziloz—allegedly a co-founder of Spartans—is the mastermind behind Blockdag Network. The project raised over $300 million from retail investors through social media advertisements promoting unrealistic return expectations and fake partnerships. Its token sale lasted for more than two years, and pre-sale funds are suspected to have been transferred out via Middle Eastern over-the-counter (OTC) channels. During this period, Gurhan Kiziloz is accused of spending heavily on luxury items such as high-end cars, real estate, and premium watches. In October 2025, ZachXBT publicly identified him as a genuine co-founder, after which he was blocked by Gurhan Kiziloz; shortly thereafter, Gurhan Kiziloz publicly admitted his involvement. To date, at least 10 to 15 victims have claimed losses tied to this project. ZachXBT advises investors to steer clear of all projects associated with him.