SEC Chair: 'Regulatory Rulemaking on Cryptocurrency Financing' Coming Soon

**April 7th** — Per a diplomatic memo obtained by The Times, Iran’s Supreme Leader Ayatollah Ali Khamenei is reportedly incapacitated and receiving medical treatment in Qom, a central Shia holy city 87 miles south of Tehran. The memo states Khamenei is in critical condition, comatose, and unable to participate in any government decision-making amid treatment for a severe health issue. This marks the first disclosure of Khamenei’s whereabouts. While U.S. intelligence agencies previously claimed to have information on his location, the impending deadline set by former President Donald Trump adds significant uncertainty to the already volatile Persian Gulf if a leadership vacuum emerges in Iran.

April 7 – Per alternative data, today’s cryptocurrency Fear & Greed Index is 11 (down from 13 yesterday), with market "fear" sentiment edging slightly higher. Note: The index ranges from 0 to 100, incorporating these metrics: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin’s Market Dominance (10%) + Google Trends Analysis (10%).

On April 7, Coinglass data shows that as Bitcoin rebounded slightly and briefly topped $69,000, funding rates across major centralized exchanges (CEX) and decentralized exchanges (DEX) leaned predominantly bearish. Specific funding rate details are included in the attached image. **BlockBeats Note**: Funding rates are fees exchanges set to keep crypto contract prices in line with underlying asset values—most commonly applied to perpetual contracts. They facilitate fund transfers between long and short traders; exchanges do not collect these fees. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to the underlying asset’s price. **Rate Benchmarks**: - 0.01% = Baseline - Above 0.01% = Broadly bullish - Below 0.005% = Generally bearish

April 7th — Per monitoring from HyperInsight (link: https://t.me/HyperInsight), among BTC long positions with sizes exceeding $1 million, the whale address starting with 0xe0e is closest to its liquidation price. The address opened a 36x-leveraged BTC long position 1 hour ago, with a size of $3.95 million, an average entry price of $68,854, and a liquidation price of $67,722.

On April 7, data from loris.tools shows that Dreamcash—a self-custodial mobile app built for Hyperliquid transactions—hit a daily trading volume of $126.29 million, ranking second only to Trade.xyz. Its open interest stood at $67.82 million, with trading focused on on-chain U.S. stock-related assets including the S&P 500 index, Robinhood, Intel, and Tesla. Currently, the first phase of Dreamcash’s reward program (Season 1) is live, letting users earn XP (experience points) and USDT rewards while trading. XP accumulates based on trading activity and will serve as the basis for potential future reward distributions. Note: Users trading via the Hyperliquid front end will not receive XP.

On April 7, CoinDesk reported that AI infrastructure development is emerging as one of the biggest sources of new electricity demand in the U.S. — a trend unfolding as Bitcoin miners grapple with a key choice: keep mining or lease their infrastructure to AI firms. This shift is growing increasingly clear. Core Scientific has shifted most of its mining hash rate to AI hosting services via a partnership with CoreWeave. Iris Energy and Hut 8 have also expanded revenue from AI and high-performance computing (HPC). Last week, Riot Platforms, MARA Holdings, and Genius Group disclosed selling more than 19,000 bitcoins — a sign that relying solely on mining economics is no longer sustainable for operations amid current prices and record-high network difficulty. A Bitcoin miner running 1 gigawatt of hash rate would see revenue swing with Bitcoin’s price and network difficulty. But leasing that same 1 gigawatt to an AI firm generates predictable income tied to contract terms. With Bitcoin