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Crypto Hedge Fund Split Capital Dissolves, Founder Joins Plasma as Executive

2 hours ago

**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.
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A whale is suspected to have sold 441,000 LINK via GSR Markets, with a holding period of nearly two years resulting in an estimated loss of $1.77 million

On April 7th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that a whale moved 441,000 LINK to GSR’s Binance deposit address 10 minutes prior—valued at $3.84 million. Tracing the funds’ origin, they stemmed from two addresses that withdrew LINK from Binance between June and October 2024 at an average price of $12.7. This deposit’s entry price was $8.69, marking a 32% drop in the asset’s value over two years, with an estimated loss of $1.77 million.

18 minutes ago

US Stock Market's Three Major Indexes Open Lower, Cryptocurrency Stocks See Synchronized Decline

April 7 — U.S. stocks opened with modest losses Wednesday, while cryptocurrency-linked equities saw broader declines, per Bitget market data. **Key index moves at the opening:** - Dow Jones Industrial Average: -0.2% - S&P 500 Index: -0.18% - Nasdaq Composite: -0.3% **Selected crypto stock declines:** - Coinbase (COIN): -2.09% - Circle (CRCL): -2.33% - MicroStrategy (MSTR): -1.61% - Gemini (GEMI): -0.92% - Bit Digital (BTBT): -2.82% - SharpLink Gaming (SBET): -3.13% - ALT5 Sigma (ALTS): -1.72% - American Bitcoin (ABTC): -1.66% - Kindly MD (NAKA): -0.55% - Solana Co (HSDT): -2.63% *(Note: Original data included a duplicate Bit Digital (BTBT) entry with a -2.57% drop)*

18 minutes ago

Robinhood has listed RAY

Update: On April 7, Robinhood listed Raydium (RAY), per official sources. Market data shows RAY climbed roughly 3% after the news broke.

18 minutes ago

Iran: US Must Take First Step

April 7 (Reuters) - A senior Iranian source told Reuters that Pakistan is still relaying messages, but the U.S. has not shifted its tone, seeking Iran’s surrender under pressure. Iran will only respond with flexibility if it sees flexibility from the U.S.

18 minutes ago

AVAX One Technology announces a strategic plan to develop a 10-megawatt Artificial Intelligence/High-Performance Computing Microgrid in Alberta province

April 7: AVAX One Technology unveiled progress on its AI infrastructure strategy, aiming to build a 10MW AI/high-performance computing (HPC) microgrid data center in Alberta, Canada. The company has signed a Front-End Engineering Design (FEED) agreement, marking the project as one of the region’s first dedicated AI computing facilities. Leveraging Alberta’s low-cost energy (≈$0.04/kWh) and a microgrid model, the facility will deliver low-cost, highly scalable AI computing to meet rising demand for HPC and AI. Additionally, the firm has purchased 220 Bitmain S21 Pro Bitcoin mining rigs to boost its hash rate capacity. This move will generate transitional cash flow until the AI data center launches, supporting AVAX One’s dual-track strategy of "mining + AI computing."

18 minutes ago

US Official: Trump Was Like a 'Rabid Dog,' Defense Secretary and Secretary of State Were More Like Doves Compared to Him

On April 7, a U.S. source with multiple recent conversations with Trump told Axios that Trump could be the most hawkish member of his senior team on Iran. Another U.S. official slammed Trump as "the most bloodthirsty—like a mad dog" and downplayed claims that Defense Secretary Pete Hegseth or Secretary of State Marco Rubio are goading him, adding: "Compared to the president, those guys all sound like doves." Trump has started floating ideas to advisers and confidants about targeting power plants and bridges, asking: "What do you think of the 'Infrastructure Day' idea?" BlockBeats previously reported that Trump publicly labeled Defense Secretary Pete Hegseth a "war starter."

18 minutes ago

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