ORDI continues to surge, breaking through $8.5 in a short time frame, with a 24-hour gain expanding to 189%.

April 17 – Citing Israel’s Channel 12 News, Al Jazeera reports U.S. President Donald Trump announced a U.S.-Lebanon ceasefire before the Israeli cabinet voted on the matter, sparking Israeli dissatisfaction. Trump’s unilateral ceasefire announcement again appeared to embarrass Israel, as the Israeli government and public did not want the conflict to end at that point. At the time of Trump’s declaration, Israeli forces were still conducting operations inside Lebanon and striking local targets. (Source: Forex)

On April 17, U.S. President Donald Trump stated that significant progress is being made regarding Iran. It remains uncertain whether the ceasefire will need to be extended. Iran is now willing to take actions it was unwilling to take previously.

April 17 — Israeli Prime Minister Benjamin Netanyahu said Wednesday there is an opportunity to reach a historic agreement with Lebanon, noting both sides have agreed to a 10-day ceasefire. The ceasefire, a response to calls for de-escalation, is intended to advance negotiations. Per Jinse, Israel’s demands in the talks include Hezbollah disarmament and a sustainable peace agreement negotiated from a position of strength.

April 17 (Cointelegraph) — Bitcoin briefly topped $76k during Wednesday’s trading, but Glassnode analysts say on-chain data shows it’s too early to call a new bull market. Glassnode’s CryptoViz.art measured active Bitcoin investors’ average holding cost via the “True Market Mean” (TMM). Since BTC fell below the TMM on Jan. 31, it’s stayed under the metric for 75 days. Active holders face average unrealized losses—peaking at 20% and now sitting ~5% below that high-water mark. The TMM currently sits at $78,013; reclaiming this level is key for active investors to return to profitability. CryptoViz.art cited 10 similar TMM break-below instances since 2016, with durations spanning 2 days to over 11 months. The deepest drawdowns hit 57% during the 2018-2019 and 2022-2023 cycles. “75 days is still early,” he noted. “In 2018 and 2022 cycles, bottoms didn’t form until months 5-9. This isn’t a ‘safe signal’—close monitoring is needed.” On capital flows, Bitcoin researcher Axel Adler

April 17th — A Texas man, Robert Dunlap, was sentenced to 23 years in federal prison and ordered to pay restitution to victims by Judge LaShonda A. Hunt, the U.S. Department of Justice announced. The conviction stems from Dunlap’s orchestration of a cryptocurrency scam that defrauded nearly 1,000 investors of more than $20 million. Between 2018 and 2023, Dunlap claimed to run a crypto company and sold a fake digital asset called “Meta-1 Coin” via the “Meta-1 Coin Trust.” He made multiple false statements to potential and actual investors: alleging the token was backed by up to $1 billion in art (including works by Picasso, Dalí, and Van Gogh) and $440 billion in gold; falsely asserting an accounting firm had audited the gold and certified its value. To conceal he never actually possessed the gold or art, Dunlap forged legal documents.