Stablecoin Sees Counter-trend Growth, Total Market Cap Up 0.43% Weekly to Hit Record High

April 4th: A CryptoQuant analysis finds the crypto market’s sentiment and fund flows are out of sync: the Fear & Greed Index is in extreme fear territory (8–14), but March ETF net inflows topped $1 billion; the Coinbase Premium Index remains negative, reflecting limited U.S. institutional participation. Geopolitical tensions (Iran conflict) have caused price swings, with the market adopting a wait-and-see stance—overall demand is slowing rather than seeing panic selling. Despite a ~47% drop from its October 2025 all-time high of $126,000 (far less than the 85%+ crashes in 2013 and 2017), analyst Zack Wainwright notes this signals Bitcoin’s market is maturing, with volatility steadily contracting. Potential catalysts include: Morgan Stanley’s greenlight for a low-fee Bitcoin ETF (granting access to $6.2 trillion overseen by 16,000 financial advisors) and the Strategy STRC preferred stock product’s ongoing monthly purchase of 44,000 BTC (which could add steady buying pressure). Sho

On April 4th, official sources confirm that Based — the cryptocurrency exchange and payment platform in Hyperliquid’s ecosystem — has launched its Launchpool program and its first associated project, Pull Fun. Token holders of Based can earn points via staking to join the Launchpool event. Reports indicate that Pull Fun is a gashapon platform for trading card games, featuring a real physical card inventory.

April 4 (Bloomberg) — Marex Group Plc, a global financial services platform, has issued what is believed to be the world’s first bond-like note tied to forecast market outcomes. Unlike traditional binary options contracts, the note’s terms specify: If Nvidia Corp. remains the world’s largest company by market capitalization one year from now, investors will receive a 7% coupon; if not, their principal will be fully repaid (with only potential interest lost, no full principal risk). The issuance totals approximately $10 million, sold to Swiss institutional clients and restricted to regions outside the U.S. due to regulatory constraints. Marex will dynamically hedge risks via prediction market platforms such as Kalshi. Per the report, this marks the latest Wall Street effort to “securitize” the power of prediction markets, providing a compliant, low-risk entry point for traditional large-scale funds.

On April 4th, crypto contract whale "First Set 10 Big Goals" (@Jason60704294) posted a long position on X with a limit price of $67,023.8 for Bitcoin.

April 4 — Iran has authorized a ship carrying essential goods to sail to an Iranian port via the Strait of Hormuz, according to Tasnim News Agency.

April 4 – Cryptoquant analyst Darkfost says a major shift in Ethereum’s derivatives market structure has occurred, marking the first such change since the 2023 bear market. Darkfost notes that while ETH’s net trading volume has been negative for most of the period since 2023, it has now turned positive. (Note: Net trading volume measures whether buying or selling pressure is dominant in the derivatives order book.) Right now, the indicator signals dominant buying pressure, with $104 million in buying volume. Notably, even when ETH prices neared a new high earlier, the indicator still showed strong selling pressure—but that dynamic now seems to be shifting. Darkfost argues the positive buying pressure could help ETH form a stronger bottom. If this momentum holds and the spot market plus ETFs start backing the trend, ETH may be set to resume its uptrend.