Bitmine Address Received 80,325 ETH in the Last Hour, Equivalent to $358 Million

April 2nd — Iran’s Deputy Foreign Minister Gharibabadi told the Islamic Republic News Agency (IRNA) that Tehran is drafting a transit agreement for the Strait of Hormuz with Oman. Market moves per Bitget data: - Oil prices declined: WTI crude briefly fell below $107/bbl; Brent crude hit a low of $103.5/bbl. - Spot gold rose above $4700/oz at one point. - U.S. major stock indexes staged a full reversal: The Nasdaq recovered from an earlier 2% drop.

April 2nd, X Product Lead Nikita Bier addressed a crypto-related phishing incident on X, noting: “We’re rolling out an automatic lock-and-verify system that activates when a user posts crypto-related content for the first time on their account. This should cut 99% of the incentive—especially since Google hasn’t taken any steps to block phishing emails.”

April 2nd: Two newly created wallets tied to the same entity withdrew 6,328 ETH from Binance, valued at roughly $12.98 million, per Onchain Lens monitoring data.

April 2 — Iran’s Islamic Republic News Agency (IRNA) reports Iranian Deputy Foreign Minister Gharibabadi said Iran is drafting a transit agreement for the Strait of Hormuz with Oman, per FX168.

On April 2, on-chain analytics firm CryptoQuant (per The Block) released a report noting Bitcoin’s spot demand remains in “deep contraction” despite ongoing institutional buying pressure. As of late March, apparent demand has fallen by roughly 63,000 BTC, signaling selling pressure still outpaces buying pressure. CryptoQuant emphasized: “Even as institutions accelerate buying, overall apparent demand keeps contracting—meaning retail and other market players’ selling has outstripped incremental institutional purchases.” This demand contraction has lasted since late November 2025, “confirming the broader market remains in a chip distribution phase.” Whales holding 1,000–10,000 BTC have shifted to net distributors, offloading roughly 188,000 BTC in the past year. Their 365-day moving average is still trending downward. “Historically, sustained negative accumulation by whales has aligned with long-term price weakness. The current reading shows selling remains a major structural headw

**April 2 — According to Cointelegraph, popular meme coin influencer Murad has racked up nearly $60 million in unrealized losses trading meme coins over the past nine months. He remains optimistic about a rebound and hasn’t stopped out, however. Murad currently holds ~29.964 million SPX6900 (SPX) tokens, valued at ~$7.79 million — accounting for 96% of his total tracked investment portfolio (~$8.1 million). His portfolio peaked at ~$67 million in July 2023. As the meme coin sector has dropped more than 80% from its highs since then, his unrealized losses have grown to ~$60 million. Data shows no substantial sell-offs of his SPX6900 holdings or other major positions, with realized profit and loss (P&L) sitting at $0. On Wednesday, Murad tweeted that SPX6900’s market cap will surge from its current ~$250 million to $1 trillion — a nearly 400,000% jump. He noted Bitcoin is the only cryptocurrency with a market cap exceeding $1 trillion. Technically, SPX6900 has broken down from a