Son Min

It has been observed that whales have purchased a large amount of MANTRA (OM) over the last 20 days. On the 26th (local time), crypto analyst Ali Martinez stated, "Whales have purchased more than 130 million MANTRA over the past 20 days." This amounts to approximately 845 million dollars (1.239 trillion won) based on the current price. However, caution is advised when purchasing MANTRA. Binance stated, "There have been significant changes to the tokenomics of MANTRA. The token supply has already increased significantly or is expected to increase soon," and recommended conducting your own research before purchasing. As of 10:36 PM, MANTRA is trading at 6.5002 dollars on the Binance USDT market, down 4.63% from 24 hours ago.

Bitcoin (BTC) has seen a slight rebound, and there is analysis suggesting that its volatility could increase around the $90,000 range. On the 26th (local time), CoinDesk reported, "According to Deribit data, option market makers are in a 'short gamma' position at the $90,000 strike," adding, "This could lead to increased Bitcoin volatility near $90,000." A short gamma position means that as the underlying asset's price fluctuates significantly, market makers must continuously trade in the direction of the price to avoid losses. Consequently, as the price approaches $90,000, market makers are compelled to sell if the spot price falls and buy if it rises. The media stated, "Market makers aim to maintain a counter position (market-neutral position) to traders to provide liquidity to the market," noting that the $90,000 range is a crucial price level that could determine Bitcoin's future trend. Griffin Ardern, a senior analyst at Blofin Academy, said, "Market makers' hedging could further stimulate price volatility. It will have a significant impact on the market even after the Friday options expiration," adding, "Currently, it seems more likely that Bitcoin will rise."

Strategy's Series A Perpetual Stripe Preferred Stock (STRF) is being listed on NASDAQ today. On the 26th (local time), Michael Saylor, founder of Strategy, announced on X, "Strategy's new preferred stock STRF is being listed on NASDAQ today," and stated, "STRF investors can earn US dollar yields, while Strategy investors can earn Bitcoin yields." Previously, Strategy announced that it would issue $722.5 million worth of Stripe Preferred Stock to purchase additional Bitcoin.

An analysis suggests that Bitcoin (BTC) might face strong resistance around the $90,000 mark. On the 26th (local time), a CryptoBizArt Glassnode analyst stated on X, "The average purchase price of Bitcoin by investors between last November and this February is around $90,000 to $93,000," adding, "If Bitcoin enters this range, break-even selling sentiment may occur, increasing selling pressure." He further added, "If it fails to break through this range, achieving a new all-time high (ATH) will be difficult."

Cryptocurrency exchange Bybit has reportedly repaid a large amount of Ethereum (ETH) to Binance. On the 26th (local time), The Data Nerd reported on X that "an estimated Bybit address transferred 22,000 ETH (approximately $45.35 million) to Binance," adding that "the transfer is presumed to be a loan repayment related to the Bybit hacking incident." It further noted, "Last week, the same wallet deposited 22,000 ETH to Binance." Previously, Bybit had received Ethereum loan support from various industry stakeholders after being hacked for 500,000 ETH.

The market capitalization of the stablecoin USD Coin (USDC) has reached an all-time high. On the 26th (local time), The Block reported, "USDC's market cap has reached $60.2 billion, setting a new all-time high," and added, "This is a 100% increase compared to March last year ($30 billion)." The media stated, "Circle is continuously working on expanding the USDC ecosystem and improving infrastructure," and noted, "The all-time high indicates that USDC adoption is rapidly increasing." Meanwhile, the total stablecoin market cap also surpassed $230 billion, setting a new all-time high alongside.

An analysis has emerged indicating that the accumulation of Bitcoin (BTC) by whales has begun. On the 26th (local time), virtual asset analyst Ali Martinez stated on X that "48 new wallets holding more than 100 Bitcoins have been added," and "the accumulation of Bitcoin by whales has begun." As of 6:56 PM, Bitcoin is trading at $87,894 on the Binance USDT market, up 0.67% from 24 hours ago.

GameStop's stock price rose by 11% in pre-market trading. According to Investing.com on the 26th (local time), GameStop's pre-market stock price is trading at $28.34, up 11.57% from the previous closing price. This is due to expectations of GameStop's purchase of Bitcoin (BTC). Previously, GameStop announced in a shareholder letter that "the proposal to incorporate Bitcoin into the balance sheet was unanimously passed."

It has been revealed that 26 U.S. states are pushing for strategic Bitcoin reserve legislation. On the 26th (local time), Cointelegraph reported via X that "26 U.S. states are pushing for Bitcoin reserve legislation at the state government level," and "most of them involve allocating 10% of state funds to Bitcoin." It continued, "Wisconsin became the first state in the U.S. to purchase a Bitcoin spot ETF," and as of the last quarter, "it holds Bitcoin worth $588 million."

Currently, Ethereum (ETH) is showing weak performance, but an analysis suggests that a surge could begin in April. On the 25th (local time), Nick Foster, founder of Derive (formerly Lyra), stated in an interview with Decrypt, "Currently, bearish indicators are predominant for Ethereum," but also noted, "April could be the starting point for a surge in Ethereum." He mentioned that the bearish indicators for Ethereum are precursors to a price surge. Foster said, "The implied volatility of Ethereum options is at a monthly low. The implied volatility for 7-day and 30-day options is at 59% and 45%, respectively," adding, "Historically, it is rare for implied volatility to remain at such low levels." He explained that the increase in implied volatility of Ethereum options could positively impact the rise in Ethereum prices. Additionally, he stated, "The forward rate for Ethereum (the expected interest rate at a specific future point) is lower than the U.S. Treasury yield (5%)," and "In the past, when forward rates were low, prices often surged within a few weeks." The lower the forward rate, the more attractive leverage positions become to investors, leading to rapid demand inflow and price surges. He continued, "The amount of Ethereum circulating on centralized exchanges (CEX) is at a 9-year low," adding, "If demand for Ethereum surges, it will act as a factor to further maximize price increases." Finally, he conveyed, "Considering the Ethereum Foundation's roadmap and the Pectra upgrade, institutions will also refocus on Ethereum in the second half of this year."

The supply of stablecoins on the Ethereum (ETH) network has reached an all-time high. On the 25th (local time), Unfolded announced on X that "the Ethereum stablecoin supply has reached $122.4 billion," stating "this is an all-time high."

The Trump family's decentralized finance (DeFi) project, World Liberty Financial (WLFI), has officially announced plans to launch a dollar-based stablecoin. On the 25th (local time), World Liberty Financial announced through Medium that it plans to launch a U.S. dollar-based stablecoin, 'World Liberty Financial USD (USD1)'. USD1 is pegged to 1 dollar and is fully collateralized by U.S. Treasury bonds, dollar deposits, and other cash assets. The reserves are held by the custodian company BitGo, and liquidity is provided by BitGo Prime. Regular audits of the reserves will also be conducted. USD1 is initially expected to be issued on the Ethereum (ETH) and Binance Coin (BNB) chains. It is known that test transactions have already been conducted on these chains. WLFI added, "There are plans to expand to other networks as well." In particular, it emphasized focusing on large institutional adoption through a conservative approach. WLFI explained, "Existing alternatives have risk factors due to complex yield generation structures," and "USD1 provides the clarity and security needed for institutional adoption through a conservative approach that prioritizes stability." Zach Witkoff, co-founder of WLFI, said, "USD1 is a DeFi approach based on the trust and safeguards of traditional finance," and "It is a digital dollar stablecoin that national and large institutions can use with confidence." He added that it offers advantages that algorithm-based or anonymous stablecoin projects cannot provide and supports smooth and secure cross-border transactions.

KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has purchased an additional $5 million worth of Bitcoin (BTC). According to CoinDesk on the 25th (local time), KULR Technology Group purchased $5 million worth of BTC. This amounts to 56.3 BTC, with an average purchase price of $88,824. Currently, KULR holds 668.3 BTC (approximately $58.1 million). The average price per BTC is $97,305. Previously, KULR announced a plan to purchase Bitcoin as part of its financial strategy. The core of the plan is to add Bitcoin to its balance sheet and invest 90% of its excess cash in Bitcoin.

Global cryptocurrency exchange Binance is listing Particle Network (PARTI) perpetual futures. On the 25th (local time), Binance announced on its official website, "We will list PARTI perpetual futures at 13:00 (UTC) on the 25th." This corresponds to 22:00 Korean time. Up to 75x leverage is supported. Meanwhile, OKX also announced the listing of PARTI perpetual futures at 22:30 today.

It has been revealed that Bitcoin (BTC) worth $424 million has been withdrawn from exchanges over the past 7 days. On the 25th (local time), IntoTheBlock announced on X that "Bitcoin worth $424 million has been withdrawn from exchanges over the past 7 days," adding, "Just yesterday alone, $220 million worth of Bitcoin was withdrawn." They further stated, "This shows investor confidence in Bitcoin." Typically, Bitcoin withdrawals from exchanges are interpreted as a positive signal for price increases as they reduce the supply of Bitcoin on exchanges.

Last week, it was revealed that whales purchased a large amount of Cardano (ADA). On the 25th (local time), cryptocurrency analyst Ali Martinez stated on X, "Over the past 7 days, whales have purchased more than 240 million ADA." This amounts to approximately $181.82 million (about 266.6 billion KRW) at the current price. As of 8:56 PM, Cardano is trading at $0.7576 on the Binance USDT market, down 3.62% from 24 hours ago.

Analysis has shown that there has been no significant whale activity in XRP over the past 7 days. On the 25th (local time), crypto analyst Ali Martinez stated on X, "XRP whales have been quiet over the past week," adding, "There have been no notable buying or selling movements." As of 8:16 PM, XRP is trading at $2.44 on the Binance USDT market, down 0.90% from 24 hours ago.

A large amount of Bitcoin (BTC) has been deposited into Binance. On the 25th (local time), Whale Alert announced on X that "2666 BTC has been transferred from Binance's custody platform Ceffu to Binance," stating "This is worth 232.2 million USD (approximately 340.4 billion KRW)." Typically, large deposits into exchanges can lead to an increase in selling pressure, which may cause short-term volatility.

An analysis has emerged that April is a favorable time for the rise of risk assets, including Bitcoin (BTC). On the 25th (local time), QCP Capital stated through Telegram, "The second quarter, especially April, is the most favorable time for risk assets after the end of the year," adding, "The average annual increase rate of the S&P 500 in the second quarter is about 19.6%, and Bitcoin also recorded significant rises in April in the past." QCP said, "Experts such as JP Morgan are highly anticipating a market rebound based on past second-quarter rise cases and the recovery of investment sentiment," adding, "The indication of tariff policy relaxation by President Trump also alleviated market anxiety." Furthermore, "Currently, Bitcoin call options with over $100,000 have the most open interest (OI), and the next catalyst for Bitcoin's rise could be the Personal Consumption Expenditures (PCE) announcement," they said.

Coinone announced that it will accept claims for damages related to the suspension of the Nilion (NIL) sell function that occurred the previous day. On the 25th (local time), Coinone stated on its official website, "During the process of supporting new trades for Nilion, the limit sell order function was temporarily suspended. This caused a surge in prices and a discrepancy with the market price," and "We are accepting separate claims for damages from customers who purchased at higher prices than the global market price during that time." Claims can be submitted through Coinone's online customer center. The exchange said, "The related function was immediately normalized after the occurrence of the phenomenon, and we have completed our response," and "We will strengthen inspections and preventive measures across the system to provide a stable trading environment." Meanwhile, Nilion, which was listed on Coinone the previous day (listing price 2,400 KRW), saw its limit sell order function suspended for about 14 minutes, causing the price to surge up to 50,000 KRW.

Donald Trump Jr., the son of U.S. President Donald Trump, is reported to attend the DC Blockchain Summit. On the 25th (local time), Cointelegraph reported via X that "Donald Trump Jr. will attend the DC Blockchain Summit on the 26th (local time)" and "will participate in a panel discussion with Charles Hoskinson, the founder of Cardano (ADA)."

BlackRock is launching a Bitcoin Exchange Traded Product (ETP) in Europe. On the 25th (local time), Bloomberg reported that BlackRock announced the launch of the iShares Bitcoin ETP in Europe. The listing is scheduled to take place on the 25th (local time). It will be traded under the ticker IB1T on Germany's Xetra and France's Euronext Paris, and under the ticker BTCN on the Netherlands' Euronext Amsterdam. A fee reduction benefit was also announced. BlackRock stated, "A temporary fee reduction of 10bp will be applied until the end of the year, resulting in a fee of 0.15%." Manuela Sperandeo, BlackRock's Head of Product for Europe, Middle East, said, "The launch of the ETP in the European market is a turning point for the industry," adding, "Now, many more institutional investors will be drawn in." The media evaluated it as "the first virtual asset (cryptocurrency) related ETP launched by BlackRock outside North America," noting the influence of the successful U.S. Bitcoin spot ETF.