Intel Sells 2.148 Billion Shares to NVIDIA in $5 Billion Deal

**Crypto Hedge Fund Split Capital Dissolves; Founder Joins Stablecoin Startup Plasma** April 7 – A Fortune report confirms crypto hedge fund Split Capital has dissolved, with founder Zaheer Ebtikar moving to stablecoin startup Plasma as an executive. Ebtikar stressed the closure was not performance-driven: Split Capital delivered ~100% returns in 2024 and ~20% in 2025. Instead, he cited the crypto hedge fund industry’s fading viability, stating, “The entire crypto hedge fund industry has basically dwindled out of the game.” By the end of 2025, Split Capital returned all investor funds. Backers included venture fund Novi Loren and digital asset firm UTXO Management. Ebtikar declined to name exact assets under management (AUM) but noted it was an “eight-figure” sum. The fund will continue operating on a smaller scale using only proprietary capital.

April 7 — Digital asset investment products posted net inflows of roughly $224 million last week, per CoinShares Research Blog’s weekly report released April 7, with market sentiment picking up slightly. That said, stronger-than-expected retail sales data and hawkish interest rate expectations triggered minor outflows in the latter part of the week. Regionally, Switzerland led inflows at ~$1.575 billion, followed by Germany ($27 million) and Canada ($11.2 million). The U.S. saw just ~$27.5 million in inflows—European investors drove this week’s gains, a stark shift from recent weeks when U.S. products topped the list. By asset class: - Bitcoin drew ~$1.073 billion in inflows, improving from its sluggish start to the month, though net outflows so far this month remain at $145 million. - Short Bitcoin products saw $16 million in inflows—the highest since mid-November 2023—signaling continued divergent market views. - Solana took in ~$34.9 million, with stable inflows this yea

On April 7, Fox News’s chief national security correspondent stated the recent strike on Natanz Island was entirely carried out by the U.S., not Israel. A senior U.S. official said: “This is a message to the Iranians.” Per U.S. military sources, if Iran’s railways are targeted, it would not be the work of the U.S. military either.

April 7: A senior U.S. official told Fox News the port was not the intended target of the strike. U.S. targets on Harfleur Island include bunkers, radar sites and ammunition depots. The port would only be affected if Iranians fire weapons nearby.

April 7 — AXIOS reporters cited a U.S. official as saying the U.S. military carried out a strike on military targets on Halk Island. (Golden Finance)

Wintermute’s latest weekly report (April 7) notes last week’s markets were entirely driven by geopolitical news: - **Tuesday**: Iranian president signaled a ceasefire, sparking a roughly 2.9% jump in the S&P 500 and a drop in Brent crude to $105/bbl. - **Wednesday**: Trump delivered a hardline speech, pledging “very severe” action against Iran within 2-3 weeks and stating no intent to reopen the Strait of Hormuz. - **Thursday**: WTI crude surged over 11% to above $111/bbl; Asian markets tumbled sharply. - **Sunday**: Trump threatened to bomb Iranian bridges and power plants by Tuesday, while saying an agreement is “highly likely” by Monday. A 45-day ceasefire framework is under discussion. ### Macro Updates - The 10-year U.S. Treasury yield currently stands at 4.36% (a 40bps rise since the conflict erupted). - Swap markets price in **zero chance of a rate cut** at the Fed’s April 28-29 meeting. - PCE data (Fed’s preferred inflation gauge) is due Thursday; markets wat