ETHGlobal Announces Cannes Finalist Projects

On April 6th, per Onchainlens monitoring, a new wallet with the prefix 0x01f sold 242 ETH before opening a 3,286.46 ETH short position at 20x leverage—valued at roughly $7 million.

On April 6, cryptocurrency market research firm Santiment shared on social media that, per on-chain data, Bitcoin’s weekend close registered a 2.95-to-1 ratio of profitable trades (coins moved at a profit post-acquisition) to loss-making trades. Historically, this has been a short-term price top signal.

**April 6 — CoinGlass data shows Bitcoin surged past $69,000 today, with funding rates on mainstream CEXs and DEXs indicating a slight weakening of bearish sentiment in the market. Specific rates are shown in the attached chart.** **BlockBeats Note:** Funding rates are fees set by cryptocurrency exchanges to keep contract prices aligned with underlying asset prices—typically for perpetual contracts. They act as a fund-exchange mechanism between long and short traders; exchanges do not charge this fee themselves. The goal is to adjust traders’ holding costs or profits to keep contract prices close to the underlying asset’s price. A 0.01% funding rate is the baseline. Rates above 0.01% generally signal a bullish market, while rates below 0.005% generally signal a bearish market.

On April 6th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address tied to the StakeStone team deposited 16 million STO tokens to Bitget 8 hours ago. Worth $2.87 million, the funds originated from the STO deployment address.

On April 6, Citrini Research—author of the "Doomsday Report"—released its **Hormuz Strait On-Site Inspection Report**. Reportedly, the firm dispatched an analyst fluent in four languages (including Arabic) to conduct on-site inspections in the central Hormuz Strait to assess the strait’s actual conditions. The Citrini Research analyst noted that investors should **ditch the "open-or-closed" binary mindset**. The Hormuz Strait’s reality is far more complex, featuring a mix of active conflict and business diplomacy—with traffic volume expected to gradually rebound as the conflict persists. The ongoing situation cannot be reduced to simple labels like "conflict escalation/de-escalation" or "strait open/closed." While the U.S. conducts military operations, its allies (including France, Japan, and Greece) are actively negotiating passage rights with Iran. This is a classic sign of a multipolar world. Currently, Iran operates a functional passage inspection station between Qeshm Isl

On April 6th, on-chain analyst Ai Yi (@ai_9684xtpa) reported that thomasg.eth has liquidated approximately $26.49 million in crypto assets over the past 5 hours. Specifically, the wallet sold 13,149.9 AAVE for ETH at $92 on-chain, offloaded 1,700 WETH and 3,000 ETH on-chain, and deposited 6,708 ETH into Coinbase.