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The meme coin 币安人生, named after the memoir of Binance founder Changpeng Zhao, has climbed to 99th in overall cryptocurrency market capitalization following a surge of approximately 393% over the past seven days. It is currently trading at $0.3475, up 75.55% in the last 24 hours, with a market cap of about $350 million.

Three addresses linked to crypto financial services firm BIT (formerly Matrixport) have fully closed long positions totaling 1,150 BTC and 95,000 ETH, realizing a profit of $48.19 million, Onchain Lens reported. The addresses now only hold a 25x long position in ETH with an unrealized profit of approximately $8.12 million. The average entry price for this position is $2,012.11, with a liquidation price of $894.55.

Despite a recent rise in BTC's price, traders are still heavily favoring bearish bets, according to an analysis. Vetle Lunde, head of research at K33, noted that the funding rate for Binance's BTC perpetual futures has been negative for 11 consecutive days, CoinDesk reported. This indicates that market participants are still betting on a price decline even as prices rise. Lunde also pointed out that an increase in open interest (OI) corresponds with an influx of new short positions. The 30-day average funding rate has now been negative for 46 consecutive days, a trend similar to what was seen during the FTX collapse in 2022 and after China's crypto mining ban in 2021. However, Lunde suggested that such periods of strong risk aversion can present attractive buying opportunities. He explained that an excessive buildup of short positions could be forcibly liquidated, potentially triggering a rally.

RaveDAO (RAVE) has surpassed Avalanche (AVAX) and Sui (SUI) to rank 22nd in overall cryptocurrency market capitalization after surging more than 6,000% over the past seven days. According to CoinMarketCap, RAVE is currently trading at $16.58, up 107.02% over the past 24 hours, with a market cap of approximately $4.1 billion.

The South Korean government is moving to reform its Basic Pension system to include overseas and virtual assets when determining eligibility, Edaily reported. The measure is designed to prevent high-net-worth individuals from exploiting loopholes to receive payments and to enhance the fairness of the system. Currently, assessments primarily focus on domestic assets, making it difficult to track holdings such as overseas financial assets or cryptocurrencies like Bitcoin. The government is now pursuing an amendment to the Basic Pension Act that would mandate the reporting of foreign income and assets and strengthen links to tax information.

South Korean travel agency Modetour has successfully completed a Proof of Concept (PoC) for a stablecoin-based payment ecosystem, Maeil Business Newspaper reported. The trial confirmed the potential for applying digital assets to payments for travel packages. Stablecoins are gaining attention as an alternative to reduce persistent issues in the travel industry, such as currency exchange costs, card fees, and remittance delays, which stem from its complex payment processes.

Ether.fi (ETHFI) has decided to supply $3 billion worth of ETH in validator liquidity to the Ethereum block trading platform EtherGas (GWEI) over the next three years, Unfolded reported. The project plans to use its current holdings of approximately 2.8 million ETH to secure both staking rewards and Maximal Extractable Value (MEV), which is the additional profit block producers can earn by manipulating the order of transactions. Unfolded added that the concentration of validators among large liquid staking token (LST) operators could become a potential issue.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color intensifies when the price consolidates within a range or experiences a significant move. These brighter areas can indicate potential support and resistance zones. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. A rise in a colored line indicates an increase in buy orders for that category. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

21Shares has updated its application for a Hyperliquid (HYPE) ETF, according to Bloomberg ETF analyst James Seyffart. The proposed ticker is THYP, and the management fee has not yet been disclosed.

A significant number of U.S. cryptocurrency investors are failing to properly report profits from asset sales to the IRS, Bloomberg reported. Many are leveraging the anonymity and complexity of crypto transactions to evade taxes, which is creating a shortfall in national tax revenue. While the IRS is modernizing its reporting system to close this tax gap, many investors are either unaware of the new regulations or are intentionally avoiding them. The outlet added that the IRS is expected to significantly strengthen tax audits targeting both exchanges and investors in the future.

The Crypto Fear & Greed Index, compiled by data provider Alternative, has risen two points from yesterday to 23. The market remains in a state of extreme fear. The index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme optimism). It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

X has launched a "Cashtags" feature for iOS users in the U.S. and Canada, according to Nikita Bier, the company's Head of Product. The feature automatically matches assets when users enter a ticker or token contract address, allowing them to view real-time price charts and related posts on the platform. Bier had hinted yesterday at the possibility of launching a new crypto-related product.

U.S. President Donald Trump said in a recent interview that the war with Iran is already over, Fox News reported. In the interview, which is scheduled to air later today, Trump also discussed his views on NATO and economic issues. This follows a similar declaration from the president in mid-March, when he stated the war was effectively over.

U.S. Vice President Vance stated on April 14 that he is optimistic about the current progress on the Iran issue. However, he added that significant distrust remains between the U.S. and Iran, which cannot be resolved overnight. According to sources, Vance is expected to lead a potential second round of U.S.-Iran negotiations, with President Donald Trump's special envoy Witkoff and son-in-law Kushner also anticipated to participate. President Trump has reportedly tasked the three with pursuing a diplomatic solution and is maintaining contact with Iran and mediating countries. The U.S. is internally discussing a schedule for the second round of talks, but whether they will be held and their specific timing have not yet been confirmed.

U.S. venture capital giant and Bitcoin maximalist Tim Draper predicted that Bitcoin could surpass $250,000 within the next 18 months, citing inflationary pressure and a weakening dollar, BeInCrypto reported.

Coinbase is in negotiations with Anthropic to secure access to its private frontier model, Claude Mythos Preview, BeInCrypto reported. The move reflects what the publication described as a growing sense of urgency among cryptocurrency exchanges to combat increasingly sophisticated artificial intelligence (AI)-based threats. It is not yet known whether the talks will result in an official partnership.

The three major U.S. stock indices closed higher today. - S&P 500: +1.18% - Nasdaq: +1.96% - Dow Jones: +0.66%

Whale Alert reported that 350,000,000 USDT has been transferred from an unknown wallet to Aave. The transaction is valued at about $350 million.

Whale Alert reported that 400,000,000 USDT has been transferred from Kraken to an unknown wallet. The transaction is valued at about $400 million.

U.S. cryptocurrency exchange Kraken has submitted confidential documents for an initial public offering (IPO), Solid Intel reported. The move comes after the company announced in March that it was temporarily shelving its multi-billion dollar IPO plans due to deteriorating market conditions. At the time, Kraken stated that it had not withdrawn the plan entirely and remained open to resuming the process if the market improved.

According to CoinNess market monitoring, BTC has fallen below $74,000. BTC is trading at $73,974.04 on the Binance USDT market.

Bernstein forecasts that the trading volume of prediction markets will reach $1 trillion by 2030, Decrypt reported. The investment firm noted that while sports betting currently accounts for about 62% of trading, the market is expected to shift its focus to economic, political, and business events as institutional participation grows. Bernstein predicts that the share of sports-related contracts will fall to around 31% by 2030, with corporations and insurance companies increasingly using these markets to hedge against policy and political risks.

Cryptocurrency lending protocol Aave (AAVE) announced via X that it is unaffected by the front-end hack of CowSwap (COW). Aave stated that it is aware of the situation and assured users that there is no impact on the security of its interface or underlying protocol. The announcement follows a statement from CowSwap, which previously disclosed that an error had occurred on its front-end and that it was investigating the cause.

The ETH/BTC price ratio has hit its highest level since January amid a recent rebound in ETH's price, according to on-chain analytics firm Santiment. The firm noted that ETH is approaching $2,400, and the number of whale wallets holding over 100,000 ETH has increased from 54 to 57. However, Santiment also pointed to conflicting signals from the derivatives market, where the funding rate on Binance remains negative. This suggests traders are expanding their short positions in anticipation of a price correction.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.