「Whale's Heavy Positioning in Three Major Markets」 Whale Partially Exits Short Position in Oil, Portfolio Gains $1.3 Million in a Day

April 15th — The U.S. Internal Revenue Service (IRS) has officially rolled out mandatory cost basis reporting rules for digital asset brokers, set to take effect on April 15, 2026. Per financefeeds, the rules apply to centralized exchanges, custodial wallet service providers, and certain digital asset custodians. Under the new regulations, affected parties must submit Form 1099-DA to both the IRS and taxpayers, documenting sales and exchanges of digital assets. The IRS notes the move aims to reduce underreporting of digital asset capital gains and align cryptocurrency tax reporting standards with those for traditional securities. For investors, this means they’ll need to more accurately track and preserve the purchase price, acquisition date, and on-chain transaction records for each token moving forward.

On April 15, cross-chain protocol LI.FI unveiled LI.FI Earn—a new product tailored for enterprises with digital asset strategies. It delivers on-chain yield capabilities, allowing access to strategies from 20+ vault protocols via a single integration, and supports cross-chain execution across 60+ blockchains.

April 15 — U.S. cryptocurrency exchange Coinbase announced Wednesday that it will release its Q1 2026 earnings report following the U.S. stock market close on May 7, 2026, and host a video webcast to discuss results at 2:30 p.m. PT that same day.

On April 15, Iranian media outlet MEHR reported that Iran plans to use alternative ports instead of its southern port to bypass the U.S. blockade of the Strait of Hormuz.

On April 15, cryptocurrency quantitative analyst @AxelAdlerJr noted that Bitcoin recently touched the **average entry cost for U.S. Bitcoin ETF holders**—$74,200. Should Bitcoin hold above this level consistently, ETF holders will shift from a loss position to breakeven (neutral). A drop below it, however, signals the market structure remains weak, with downside pressure persisting. On the other hand, Short-Term Holders (STH) have a cost basis of roughly $83,734—this is the key resistance level in the current market. The analyst argues Bitcoin’s market structure will see more meaningful improvement only when the gap between the ETF holders’ cost basis and the STH cost basis narrows further.