Quick Summary: Bitcoin climbed to $72,379 after President Trump declared a conditional two-week ceasefire with Iran, sparking broad market gains and liquidating $425 million in short positions. Bitcoin reached a peak of $72,379 on Wednesday morning before settling around $71,610, representing a 3.5% gain over the prior 24 hours, according to CoinGecko data. The rally followed President Trump’s announcement of a conditional two-week ceasefire with Iran, which lifted financial markets broadly. The surge liquidated $425 million in short crypto positions, with long liquidations contributing an additional $170 million, per CoinGlass data. Altcoins including Zcash, LayerZero, and Ethena posted double-digit gains…
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Quick Summary: Bitcoin briefly surpassed $72,750 and tech stocks surged over 3% as a US–Iran ceasefire eased macro stress across financial markets. Bitcoin climbed above $72,750 briefly as financial markets rallied broadly, with volatility easing across both cryptocurrency and traditional asset classes. The move higher coincided with a reduction in geopolitical tension following a US–Iran ceasefire agreement. The simultaneous gains across multiple asset classes suggest investors are responding positively to the improved macro environment.Technology stocks posted strong advances, with the QQQ exchange-traded fund rising more than 3.3% during the session. The rally reflects renewed appetite for risk assets as uncertainty…
Quick Summary: ARK Invest purchased roughly $13 million in Robinhood shares after the US Treasury named the platform as brokerage and trustee for Trump Accounts. ARK Invest, led by Cathie Wood, has increased its stake in Robinhood Markets, acquiring approximately $13 million worth of shares across multiple funds. Tuesday trade disclosures reveal that the ARK Innovation ETF led the buying activity, picking up 132,116 shares of Robinhood. The ARK Next Generation Internet ETF added 33,607 shares, while the ARK Fintech Innovation ETF contributed a further 16,918 shares. In total, ARK accumulated 182,641 shares, equating to roughly $12.7 million at the…
Quick Summary: A trader known as Loracle closed a short oil futures position for $2 million in profit after prices dropped more than 15% following a U.S.-Iran ceasefire. A trader operating under the name Loracle closed a short position in oil futures early Wednesday, walking away with approximately $2 million in profit. The move came as oil prices experienced a sharp decline of more than 15%, triggered by news of a ceasefire between the United States and Iran. The trade drew significant attention within financial and crypto trading circles.The ceasefire announcement between the two nations acted as a catalyst for…
Quick Summary: Alchemy has soft-launched AgentPay in private beta, promising a single integration covering protocols such as x402, MPP, A2P, and L402. Alchemy has begun a private beta soft launch of its new payment product, AgentPay, with a general release expected within the coming weeks. The product is currently available to a limited group of users as the company prepares for a broader rollout. The phased approach allows Alchemy to gather early feedback before opening access more widely.AgentPay is positioned as a unified solution for payment protocol integration, promising developers a single point of connection across multiple protocols. The product…
Quick Summary: Seven Swiss financial institutions have joined forces to test Swiss franc stablecoin use cases in a live sandbox environment planned for 2026. Seven major Swiss financial institutions have announced the creation of a sandbox environment to explore potential applications for a Swiss franc stablecoin. The participants include UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, Banque Cantonale Vaudoise and Swiss Stablecoin AG. The initiative, announced on Wednesday, is designed to give participating institutions hands-on experience with digital payment methods in a secure, controlled digital environment.The sandbox is scheduled to run during 2026, with Swiss Stablecoin AG responsible for providing the…
Quick Summary: Ethereum’s onchain stablecoin value has reached a record $180 billion, representing 60% of total supply and a 150% rise over three years. The total value of stablecoins held on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal. That figure represents 60% of the entire stablecoin supply across all networks and marks a 150% increase over the past three years. The milestone comes as the combined stablecoin supply across all blockchain networks hit a record $315 billion in the first quarter.Token Terminal projects that approximately $1.7 trillion in value…
Quick Summary: Morgan Stanley is launching a spot bitcoin ETF on NYSE Arca under ticker MSBT, charging 0.14% annually — undercutting BlackRock and most rivals. Morgan Stanley is preparing to launch the Morgan Stanley Bitcoin Trust, marking the first spot bitcoin exchange-traded fund to be offered by a major U.S. bank. The fund is expected to begin trading as early as Wednesday on NYSE Arca under the ticker MSBT. The move represents a significant step in the bank’s expanding push into digital assets.Unlike futures-based products, the fund will hold actual bitcoin directly, giving investors exposure to the cryptocurrency’s spot price.…
Quick Summary: Three newly created crypto wallets earned a combined $484,575 on Polymarket by betting on a US-Iran ceasefire hours before it was publicly confirmed. Three newly created blockchain wallets generated a combined $484,575 in profits on the prediction platform Polymarket by wagering that the United States and Iran would reach a ceasefire agreement by April 7, raising fresh concerns about insider trading in prediction markets. On-chain data published by analytics service Lookonchain on Wednesday revealed that all three wallets were created and funded on Tuesday and had no prior on-chain activity before placing their bets. The individual profits recorded…
Quick Summary: Coinbase has obtained an Australian financial services license and plans to offer derivatives, equities, and payments products to compete with traditional finance. Coinbase has secured an Australian Financial Services License (AFSL), positioning the exchange to broaden its product range in the country beyond cryptocurrency trading. The company intends to initially offer crypto and equity perpetuals, with plans to expand into futures, options, and other conventional financial instruments. The move signals an ambition to challenge established financial services providers on their own ground.John O’Loghlen, regional managing director for APAC at Coinbase, says the exchange aims to compete directly with…
