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MicroStrategy (MSTR) recorded a $14.5 billion unrealized loss in the first quarter, according to The Wall Street Journal (WSJ). The loss is attributed to the sharp decline in the value of its Bitcoin holdings.

A recovery in spot trading volume is a prerequisite for an altcoin rally, according to an analysis by cryptocurrency financial platform BIT (formerly Matrixport). The firm said on X that daily average crypto spot trading volume has fallen from $41 billion in December 2024 to $26.6 billion in October 2025, and has recently dropped to around the $8 billion level. BIT described spot volume as a key indicator for altcoin performance, as it reflects market participation and risk-averse sentiment. The platform concluded that the current sluggish trading volume is a major factor behind the continued weakness in altcoins and that a recovery must precede any significant upward movement.

Iran's Supreme Leader, Mojtaba Khamenei, is incapacitated and in a coma following serious injuries, according to a report from the British newspaper The Times citing a diplomatic memo. He is reportedly unable to participate in any regime decision-making and is receiving treatment in the holy city of Qom. The memo, as obtained by The Times, is the first to disclose the leader's location. Qom is a Shiite Islamic holy city located approximately 140 km south of Tehran. While U.S. and Israeli intelligence agencies had previously stated they were tracking his movements, the power vacuum in Iran's leadership adds significant uncertainty to the situation in the Persian Gulf, particularly as a deadline set by President Trump approaches.

Top 5 Gainers (24-hour) - XION: +54.81% to $0.153, Volume $5.99M - ESP: +36.97% to $0.1076, Volume $63.94M - EDGE: +21.90% to $0.125, Volume $59.27M - LZM: +18.35% to $0.004, Volume N/A - Aria Protocol: +$0.0046, Volume 10.87% Top 5 Losers (24-hour) - PCI: -17.14% to $0.0507, Volume $8.7M - RLS: -12.75% to $0.0031, Volume $7.44M - DEGO: -12.71% to $0.316, Volume $39.93M - BSB: -11.42% to $0.1788, Volume $41.87M - ELIZAOS: -9.87% to $0.00084, Volume $18.74M

The primary challenge in addressing the threat of quantum computing to Bitcoin lies in social consensus rather than technical issues, stated Zach Pandl, head of research at digital asset manager Grayscale, CoinDesk reported. Pandl noted that Bitcoin has a lower risk profile compared to other cryptocurrencies because it uses a UTXO model and a Proof-of-Work (PoW) system, lacks native smart contracts, and has certain address types that are not vulnerable to quantum attacks. The main problem, he argued, is for the community to reach a consensus on the path forward. He pointed to the recent debate within the Bitcoin community over how to handle approximately 1.7 million BTC tied to early Pay-to-Public-Key (P2PK) addresses, including an estimated one million BTC believed to belong to Satoshi Nakamoto. While no confirmed security threats to public blockchains from quantum computers have been identified, Pandl explained that now is the time to prepare for a transition to post-quantum cryptography (PQC).

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.71% long, 50.29% short - Binance: 49.65% long, 50.35% short - OKX: 50.25% long, 49.75% short - Bybit: 49.24% long, 50.76% short

The Bank of Korea will host a two-day joint seminar with the central bank of France on digital assets and climate change, starting today, April 7, Newsis reported.

Trading volume for Real World Asset (RWA) perpetual futures on Binance has surged from 0.2% to 4.9% of the average volume in traditional mainstream futures markets over the past 90 days, according to a report from Binance Research. The exchange's RWA Silver trading volume peaked at 20.8% of that on the New York Mercantile Exchange (COMEX), while its Gold volume reached a high of 8.3%. Binance Research stated that if this trend continues, it could lead to a significant shift in price discovery leadership between traditional financial and cryptocurrency markets.

Educational cryptocurrency mock investment platform Edu-X has announced it will host a mock investment trading competition with a total prize pool of 5.9 BNB. Participation is free, and contestants will use virtual assets provided by the platform to compete for prizes. The competition will run for two weeks, from April 6 to 19. Prizes will be awarded to the top 20 participants based on their final account balances, with a distribution that includes 2 BNB for first place, 1 BNB for second, and 0.5 BNB for third. All prizes are scheduled to be distributed on April 29.

According to crypto on-chain analytics firm Santiment, the average investment return for addresses active on the XRP Ledger (XRPL) over the past year has been -41%. The current Market Value to Realized Value (MVRV) for XRP investors is at its lowest point since the collapse of FTX in 2022. Santiment noted that since the crypto market operates as a zero-sum game, a deeply negative investor return that goes beyond a simple price drop signifies that many market participants have entered a period of extreme loss.

The Polygon Foundation announced on its official X account that it will implement the Giuliano hard fork on the Polygon mainnet at 2:00 p.m. UTC on April 8, at block number 85,268,500. The upgrade will include fee-related parameters in the block header and introduce new RPC support for processing fee data.

This Spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price remains in a particular range for an extended period or experiences a significant move. These brighter areas can potentially act as support and resistance levels. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

A whale address that had been dormant for a year has deposited 300 BTC, worth approximately $20.61 million, to Binance, Lookonchain reported. The address accumulated a total of 513 BTC for $50.06 million by purchasing the asset daily between Jan. 11 and March 2 of last year at an average price of $97,542. The wallet is currently sitting on an unrealized loss of around $14.76 million.

U.S. spot Ethereum ETFs recorded $120.2 million in net inflows on April 6, marking a return to positive flows after two consecutive days of net outflows, according to data compiled by Trader T. - BlackRock's ETHA: +$60.8 million - Fidelity's FETH: +$40.1 million - VanEck's ETHV: +$2.1 million - Grayscale's ETHE: +$2.8 million - Grayscale Mini ETH: +$14.4 million

U.S. spot Bitcoin ETFs recorded a net inflow of approximately $471.4 million on April 6, according to data from Farside Investors. This marks the largest single-day net inflow since Feb. 25. No ETFs experienced net outflows on the day. - BlackRock's IBIT: +$181.9 million - Fidelity's FBTC: +$147.3 million - Ark Invest's ARKB: +$118.8 million - Grayscale's Mini BTC: +$17.6 million - Bitwise's BITB: +$3.8 million - WisdomTree's BTCW: +$2 million

An address presumed to belong to Bit Digital (BTBT) has staked 43,335 ETH ($91.34 million) in Liquid Collective, Onchain Lens reported.

Top 5 Gainers (24h) - EDGE: +33.01% to $0.1364 (Volume: $51.37 million) - LZM: +18.35% to $0.004 (Volume: No data) - Portal to Bitcoin: +$0.0012 (Volume: 13.68%) - APR: +10.56% to $0.2341 (Volume: $48.28 million) - LRDS: +9.48% to $0.0254 (Volume: $351,180) Top 5 Losers (24h) - RLS: -16.76% to $0.003 (Volume: $8.2 million) - PCI: -16.68% to $0.051 (Volume: $9.72 million) - ELIZAOS: -13.29% to $0.00081 (Volume: $17.51 million) - DEGO: -11.33% to $0.321 (Volume: $40.32 million) - HFT: -8.73% to $0.0136 (Volume: $11.3 million)

An anonymous whale deposited 300 BTC, worth approximately $20.6 million, to Binance about 40 minutes ago, according to EmberCN. The investor had previously accumulated a total of 510 BTC for $50.07 million between January and March of last year at an average price of $98,190. This latest sale resulted in a loss of $8.82 million.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for Toncoin (TON) starting at 9:00 a.m. UTC on April 8 to support a network upgrade.

South Korean crypto exchange Bithumb will sign a memorandum of understanding (MOU) with Circle, the issuer of USD Coin (USDC), Maeil Business Newspaper reported. The MOU is scheduled to be signed on the afternoon of April 13 at Bithumb's headquarters in Gangnam, Seoul, with Circle CEO Jeremy Allaire and Vice President Ben Morris in attendance. The two companies will reportedly conduct an in-depth review of building a B2B-focused service model, moving beyond simple coin listing support.

Social Dominance Top 5 1. BTC: 31.75% (-1.45%) 2. ETH: 11.15% (+0.6%) 3. XRP: 2.6% (-0.65%) 4. LTC: 0.5% (-0.05%) 5. USDT: 0.45% (+0.1%) AI Search Volume Top 5 1. Ethereum (12%) 2. Solana Foundation (11%) 3. Polkadot (4%), up three spots 4. Polygon (3%), up one spot 5. Surf (3%), down one spot

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $112.57 million liquidated (61.07% shorts) - ETH: $51.01 million liquidated (62.36% shorts) - SOL: $6.29 million liquidated (77.59% longs)

USDe issuer Ethena (ENA) announced in a blog post that it is diversifying its reserve structure to enhance market responsiveness. Moving away from its previous model centered on perpetual futures against spot assets, the company has now reduced its futures allocation to 11%. The new structure will include stablecoin reserves and DeFi lending, as well as overcollateralized institutional loans, real-world assets (RWAs) beyond U.S. Treasurys like highly liquid credit assets, stock and commodity basis trading, and prime lending to trading firms. All strategies will be managed conservatively under the approval of a risk committee, while the redemption structure will remain unchanged.

A prolonged bear market has triggered a wave of project shutdowns and business reductions across the Web3 industry, Crowdfund Insider reported. As of early April, a total of 21 projects have announced service suspensions or downsizing. The primary causes cited are rising costs, declining user numbers, and shrinking liquidity. Notable examples include Leap Wallet, a wallet for Terra 2.0, which is set to shut down on May 28, while Magic Eden will discontinue its ME Wallet service on May 1. Additionally, Angle Protocol and ZeroLend have scaled back their DeFi operations, and platforms like Nifty Gateway and Sound.xyz have also ceased services.

Blockchain security firm PeckShield reported that 32.4 million wstUSR, representing about 40% of the 80 million USR illicitly minted by the Resolv Labs hacker, has been burned from the attacker's wallet. Between the direct burning and blacklisting, a total of 46 million of the illicitly minted tokens are now unusable. The initial hack on Resolv Labs involved an exploit that allowed for the minting of 80 million USR, resulting in a loss of $25 million.