News linked to both this project and an event.
According to CoinDesk, the U.S. cryptocurrency market structure bill—the Clarity Act—has seen no significant public progress over the past month and is not expected to achieve a breakthrough in April. The report notes that if the bill is to pass before the election, May 25—Memorial Day—is viewed as a critical milestone for advancement; after that date, members of Congress will gradually shift into campaign mode, leaving less time for legislative work. At present, it remains unclear whether the Senate Banking Committee will move forward with related hearings. Issues such as stablecoin yields and other outstanding matters have also yet to be publicly resolved. Even if these disagreements are addressed, the House of Representatives would still need to vote on the bill again.
CryptoQuant analyst Axel Adler stated that, following the market pressure release in spring, selling pressure from short-term holders (STH) has significantly eased. The Bitcoin market’s recovery remains ongoing, with the current price approaching the STH cost basis. The key catalyst for the next leg of price movement lies in whether Bitcoin can sustainably hold above the ~$83,000 STH cost level. Only a confirmed breakout and stabilization above this level will allow the market to further validate the actual selling pressure from short-term holders—and determine whether such pressure will re-emerge to suppress prices again.
on-chain analytics platform Arkham posted on X, stating that the Ethereum Foundation has unstaked approximately $48.9 million worth of ETH. Tracking data shows that the Ethereum Foundation has deposited WSTETH into Lido's unstETH contract and will receive the corresponding ETH once the unlocking process is complete.The market's focus is on whether the Ethereum Foundation will proceed to sell the ETH obtained from this unstaking. Previously, the Ethereum Foundation has sold ETH on multiple occasions for operational fund management, drawing ongoing market attention to potential selling pressure.
According to Bloomberg ETF analyst James Seyffart, who disclosed the information on X, Bitwise filed applications on Friday morning for four new prediction-market ETFs tied to recession and tech-sector layoffs. All four ETFs are binary-outcome products, specifically: • A recession will occur in 2026 • A recession will not occur in 2026 • Tech-sector layoffs in 2026 will exceed those in 2025 • Tech-sector layoffs in 2026 will be fewer than those in 2025
Odaily Odaily: U.S. President Trump stated at a private event for TRUMP Meme coin holders held at his Mar-a-Lago estate in Florida that the White House will not allow banking lobbying groups to hinder the progress of the crypto market structure bill, the Digital Asset Market Clarity Act. He said the crypto industry has entered the mainstream, declaring "America is the leader in crypto," and that banks should not obstruct the establishment of stablecoin and crypto regulatory frameworks.Dubbed the "most exclusive meeting in the world," the event invited hundreds of large TRUMP coin holders. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had expressed concerns that stablecoin reward mechanisms could impact traditional deposit businesses, which had slowed the legislative process. (CoinDesk)
According to CoinDesk, Michael Saylor, Executive Chairman of Strategy, stated that the Bitcoin winter has ended, as Bitcoin’s price has held above $78,000. Market analyst Mati Greenspan believes the recent market downturn should not be labeled a “crypto winter,” but rather a sharp correction within a broader bull market—and added that Bitcoin has likely already bottomed out, with its next leg up potentially driven by both institutional and sovereign adoption. The report notes that Strategy recently acquired 13,927 additional bitcoins, bringing its total holdings to 780,897 BTC. Greenspan also indicated that sovereign adoption—specifically central banks adding Bitcoin to their reserve assets—could be a key driver in the next phase.
Bitcoin is once again approaching the $80,000 mark. Market analysis suggests that this level has become a key resistance point to test the strength of the current rebound. On the capital front, continued institutional inflows are providing support. Data shows that Bitcoin spot ETFs have recorded net inflows for six consecutive days, while Ethereum spot ETFs have also seen inflows for nine straight days, indicating a recovery in risk appetite. Meanwhile, whale addresses holding over 1,000 BTC have cumulatively added approximately 270,000 BTC over the past 30 days, marking the largest monthly increase since 2013, and exchange reserves have fallen to their lowest point in seven years.In terms of on-chain data, Glassnode points out that Bitcoin has reclaimed the "Realized Price" (approximately $78,100). However, the cost basis for short-term holders sits around $80,100, forming a direct pressure zone. Should the price reach this range, over 54% of short-term investors would be in profit, a scenario historically associated with the peak of a rebound phase. At the same time, the perpetual contract funding rate remains negative, indicating a significant short position. Given the ongoing improvement in spot demand, this could provide short-squeeze momentum for a subsequent upward move.In summary, while the capital structure and market resilience have improved, the $80,000 level remains a key watershed. The market has yet to confirm whether it can transition from a resistance level to a support level. (The Block)
According to on-chain analyst Ai Aunt (@ai9684xtpa), Wang Chun, co-founder of F2Pool, stated this morning at 07:21 that he sold 83.7 million SPK tokens last year and is now “somewhat regretful.” Subsequently, Upbit officially announced the listing of SPK at 10:20, and Spark announced at 20:06 that the total staked SPK supply had exceeded 500 million tokens. Market data shows SPK surged up to 73% within 24 hours and topped Binance’s gainers list.
Garrett Jin, agent of “1011 Insider Whale,” published an analysis pointing out that the current market is pricing in “peace expectations,” driving sustained gains in risk assets—but this is markedly diverging from the actual supply-demand dynamics in the energy market. Data shows the S&P 500 has hit a new all-time high, while Brent crude oil has rebounded to approximately $103 per barrel. Earlier in March, hedge funds aggressively shorted the market; Goldman Sachs data indicated a short-to-long ratio peaking at 7.6:1—the fastest net selling pace in 13 years. Yet the core assumptions underpinning the market rally—resumption of traffic through the Strait of Hormuz, falling oil prices, declining inflation, and Federal Reserve rate cuts—remain unfulfilled. The gap between forward earnings expectations and actual earnings has surged to levels last seen at the 2021 peak; historically, similar gaps have preceded bear markets, such as the 2022 downturn.
Odaily News Grayscale analyst Zach Pandl disclosed data showing that Bitcoin has rebounded over 20% from its low of around $63,000 in early February. The current price is approximately $76,000, slightly above the average cost (realized price) of about $74,000 for buyers over the past 1 to 3 months. This means most short-term investors have returned to the break-even range.Analysis suggests that if the price rises further, more recent buyers will enter a profitable state, which is often considered one of the important signals in the early stages of a bull market. However, Bitcoin remains below its high from last October. Market views indicate that this round of recovery may have formed a relatively solid interim bottom in the range of $65,000 to $70,000.
Odaily News According to analysts at Cantor Fitzgerald, investors are shifting their focus to new businesses such as prediction markets, which are also key drivers for the next phase of growth for Coinbase and Robinhood. The analysts currently maintain an "Overweight" rating for both exchanges and have raised their price targets to $250 and $110, respectively. They believe that as product expansion (including prediction markets, tokenization, and access to private markets) progresses, the medium-to-long-term growth prospects for both companies will improve. (CoinDesk)
Odaily News Tom Lee stated in an interview with CNBC today that retail investors will become the primary fuel for the next wave of stock market gains. He believes that many retail investors missed the rebound during the previous war-related sell-off. Now, as panic subsides, they will re-enter the market, providing significant buying power and driving the stock market higher. Therefore, with the trend of retail capital flowing back and sustained corporate earnings growth, investors may experience "one of the best periods of their lives" in the next 18-24 months.
According to The Block, Thom Tillis, a Republican Senator from North Carolina and a key negotiator on the Senate Banking Committee, stated that the committee does not expect to schedule hearings to revise and vote on the crypto market structure bill within April. The primary legislative disagreement currently centers on how to handle rewards associated with stablecoins: the current draft proposes banning rewards for idle stablecoin accounts while permitting returns generated from trading activity. Banking representatives fear such returns could draw deposits away from traditional banks, whereas crypto firms argue that restricting rewards would stifle innovation. Tillis suggested postponing the committee’s review to May. Previously, Senator Bernie Moreno warned that if the bill fails to pass before May, “digital asset legislation will stall indefinitely.”
RaveDAO responded to recent market concerns regarding RAVE’s price volatility, denying that the team has participated in or driven the token’s price movements and labeling related rumors as false. The DAO emphasized its ongoing commitment to project development. RaveDAO stated that its current strategy is long-term oriented, with plans to enhance incentive alignment between the team and the community through mechanism design—including exploring token lock-up models triggered by price or performance metrics. The team also disclosed that, per its Token Release Schedule (TRS), it will sell portions of already-unlocked tokens at appropriate times to fund operational expenses, global hiring, marketing initiatives, and strategic acquisitions. This statement implies an expectation of sustained selling pressure. Additionally, RaveDAO confirmed its continued allocation of a portion of revenues to public welfare: it has pledged to donate 20% of event profits and a portion of future operational profits to charitable causes. The project reiterated that its core objective is to build an on-chain entertainment and music ecosystem and drive Web3 user growth—not short-term price performance.
According to CryptoQuant analyst Woominkyu, Bitcoin’s Composite Market Index (BCMI) is currently testing a significant historical pivot zone, having declined into the 0.2–0.3 range—indicating that BTC is in one of its historically deepest undervaluation zones. The BCMI comprises MVRV (30% weight), NUPL (25% weight), SOPR, and the Fear & Greed Index. This correction has reset both realized value and investor sentiment to levels not seen since early 2023. He also notes that the 90-day Simple Moving Average (SMA) remains in a downtrend; confirmation of selling pressure exhaustion and price stabilization will require the SMA’s slope to flatten.
Odaily News Bitcoin rose to around $74,935 during Asian trading hours, gaining 0.7% in the past 24 hours and 5.4% for the week. However, the derivatives market is sending mixed signals. Institutional firm QCP Capital noted that this rally is primarily driven by spot buying, not a broad-based recovery in risk appetite. Currently, Bitcoin perpetual futures funding rates remain negative, and open interest is declining, indicating that shorts are still adding hedges rather than being forced to liquidate.The options market also leans cautious: short-term implied volatility is subdued, with the one-month tenor lower than the three-month, and risk reversal indicators show market demand for downside protection exceeds that for upside bets, suggesting traders are more willing to pay for potential declines than to chase gains. QCP believes this looks more like a "rebound" than a trend reversal.On the macro front, long-term U.S. Treasury yields and gold prices have not confirmed a recovery in risk appetite. Gold remains near its highs, indicating persistent safe-haven demand. Institutions point out that the current market action is more of a "sentiment repair" driven by ceasefire expectations, rather than a resolution of core risks.Furthermore, Ethereum has shown relative strength, with the ETH/BTC ratio recovering to around 0.0315. Coupled with on-chain transaction volume and stablecoin supply reaching all-time highs, this suggests signs of capital rotation into higher-beta assets. However, the market still needs to observe the evolution of subsequent risk events to confirm the sustainability of this rally. (CoinDesk)
According to QCP Group analysis, BTC rebounded overnight alongside risk assets, rising back into the mid-$74,000 range, triggered by news of an initial U.S.-Iran framework agreement. However, long-end yields barely moved, gold held near highs, and bond markets failed to follow—indicating this rally reflects headline-driven risk alleviation rather than a substantive geopolitical resolution. The core dispute centers on uranium enrichment: Iran is currently enriching uranium to 60%, while the U.S. demands a reduction to below 20%. To date, Iran has issued no signals of compromise—a standoff unresolved since 2015. From a crypto market-structure perspective, BTC spot prices rose gradually amid negative funding rates and low open interest, suggesting short sellers remain resistant and are fueling a short squeeze. Yet options markets have not confirmed the breakout: short-term at-the-money (ATM) volatility remains near 40, and one-month implied volatility still sits below three-month volatility—highlighting stronger demand for downside protection than for upside momentum chasing. On the macro front, the Fed’s net rate-cutting room for this year has nearly vanished, and liquidity conditions remain relatively tight. QCP views this rally as fundamentally a geopolitically driven relief bounce—not a structural shift in the macro landscape—and warns markets to remain vigilant against pullback risks following the rebound.
According to CoinDesk, in Q1 2026, the Ethereum-to-Bitcoin price ratio (ETH/BTC) rebounded to 0.0313—the highest level in three months—indicating an overall recovery in the crypto market. The Ethereum network added 284,000 new users, an 82% year-on-year increase; transaction volume rose to 200.4 million; and stablecoin supply surpassed $180 billion, accounting for approximately 60% of the global market. Analysts noted that if the ETH/BTC ratio closes weekly above 0.035, it would signal sustained capital inflows into Ethereum and other high-risk assets. Currently, ETH’s price remains down more than 50% from its 52-week high. Bitcoin’s price has held above $74,000, and total inflows into U.S. spot Bitcoin ETFs have exceeded $56 billion, providing long-term market support.
According to Cointelegraph, Bitcoin’s price broke above $76,000 on Tuesday, reaching a 70-day high and reclaiming the critical support zone around $75,000. Analysts noted that Bitcoin has breached the upper trendline of an ascending triangle at $73,000; a daily close above $75,000 would confirm the technical breakout, with the next resistance level at $80,000 and a potential target as high as $89,050. Meanwhile, Bitcoin’s daily transaction count hit 765,130 on April 5—the highest in 17 months—while transaction fees rose 4% over the week to $153,700, signaling heightened on-chain activity and stronger market demand. Analysis suggests that rising network activity correlates positively with price movement, reflecting renewed market confidence.
According to QCP Group, U.S.-Iran negotiations collapsed over the weekend, sending oil prices back above $100 per barrel and triggering a broad market shift toward risk aversion. BTC encountered resistance at $74,000, while ETH pulled back from $2,330 to $2,180. Trump subsequently threatened to blockade the Strait of Hormuz to cut off Iranian oil exports; Iran countered with threats targeting the Bab el-Mandeb Strait, further widening risk exposure. China, as a major importer of Iranian crude oil, sits at the center of this crisis. Should the blockade be implemented, U.S.-China confrontation risks would rise significantly—a scenario not yet fully priced into markets. Nevertheless, the crypto market has demonstrated notable resilience: implied volatility and risk-reversal indicators have both retreated to pre-conflict levels, signaling waning panic. BlackRock’s IBIT recorded net inflows of $612.1 million over the past week, reflecting continued institutional buying momentum. Market focus has now shifted from geopolitical headlines to execution details: Trump announced the blockade will commence at 10 a.m. ET—yet repeated delays have rendered policy credibility itself a tradable variable.