Matrixport has fully closed 1150 BTC and 95,000 ETH long positions, realizing a profit of $48.19 million.
April 15 — Per On-chain Lens monitoring, three wallets linked to Matrixport have fully closed their 1,150 BTC long position and 95,000 ETH long position, netting a $48.19 million profit.
Currently, the whale still holds a 25,000 ETH long position (20x leverage) in one of its wallets, with an approximate $8.1 million floating profit.
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Wall Street's "Immune" Response to US-Iran Conflict, Market Focus Back on Earnings and Fundamentals
April 15th — The Iran conflict has entered its second month, but Wall Street appears to be gradually tuning out external noise after initial turbulence.
Since March 27th, the S&P 500 has rebounded nearly 10%, on track for its third straight week of gains. The Nasdaq 100, meanwhile, has climbed about 12% and notched its longest winning streak since 2021. After five weeks of declines spurred by U.S. airstrikes, traders are now ignoring negative Middle East news and buying stocks heavily.
Doug Peta, Chief U.S. Investment Strategist at BCA Research, noted: “Neither the stock market nor the broader financial market seems particularly concerned about the situation in the Strait of Hormuz. As earnings season gets underway, company fundamentals are driving stock prices more powerfully than headlines about the Iran situation.” Senior strategist Ed Yardeni added that the market is learning to “coexist” with the Iran conflict and maintains the view that the S&P 500 bottomed on March 30th.
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Kraken confirms it has confidentially filed for IPO, valuation drops to $13.3 billion
April 15th — CNBC reports that Arjun Sethi, co-CEO of cryptocurrency exchange Kraken, has confirmed the company secretly filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC).
The exchange’s valuation has shrunk by more than $6 billion. Deutsche Boerse Group has pledged a $200 million investment in Kraken in exchange for a 1.5% fully diluted equity stake, implying a valuation of $13.3 billion. Last November, Kraken announced an $8 billion financing round that valued the firm at $20 billion.
Less than a month ago, Kraken paused its IPO plans amid a crypto market downturn, with Bitcoin having fallen 40% from its October all-time high.
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Ether.fi commits to injecting 3 billion USD worth of ETH into ETHGas over three years as "Validator Liquidity".
On April 15, crypto outlet The Block reported that Ether.fi—an Ethereum liquidity restaking protocol—plans to inject roughly $3 billion worth of ETH into the ETHGas market over the next three years to boost validator liquidity.
The funds will come from around 2.8 million staked ETH under the protocol’s management. ETHGas is an Ethereum block space futures market that lets users lock in block space in advance to guarantee transaction execution.
The initiative aims to lift validator rewards, improve yield stability via associated mechanisms, and offer more predictable transaction costs and execution efficiency for developers and institutions.
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Analyst: Bitcoin Showing ‘Bull Market Characteristics,’ Could Rally to $90,000
April 15th – Bitcoin surged more than 5% on Tuesday, hitting an intraday high of $76,120, its highest level since February 6, per Cointelegraph. The rally successfully reclaimed the key $75,000 support zone, which aligns with both the 100-day moving average and the simple moving average.
Technically, Bitcoin had already broken above the upper bound of an ascending triangle at $73,000 on Monday. Analyst CryptoBlockto noted: “Bitcoin’s push above $76,000 and breach of its March high signals a bullish outlook. A daily close above the $75,000 moving average zone will confirm the breakout, with the next resistance at the psychological $80,000 level. The ascending triangle’s measured target stands at $89,050—roughly 18% above current prices. The daily RSI has climbed to 63, after dropping to oversold territory at 15 on February 6.”
On-chain data shows Bitcoin’s average daily transaction count has jumped 62% since early 2024, hitting 765,130 on April 5—its highest level in 17 months, ma
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