A Whale Address deposited 2.4 million U to HyperLiquid to average down its 3x ETH long position

On April 9th, as per the monitoring of lookonchain, a whale holding 1.32 million SOL (valued at $192 million) sold 100,000 SOL (amounting to $10.7 million) within the past 1 hour. 15 days prior to this, this whale unstaked 1.32 million SOL, deposited 1.2 million SOL into Kamino, and borrowed 20 million USDC. This transaction is likely to be the act of selling SOL to repay the loan.

On April 9th, according to CoinDesk, Kraken is entering into a partnership with Mastercard to initiate the launch of a crypto debit card. Kraken will bring forth both physical and digital debit cards for daily transactions by making use of cryptocurrencies and stablecoins. This undertaking is a component of Kraken Pay, a service that was launched earlier this year and is capable of facilitating cross-border payments involving over 300 cryptocurrencies and fiat currencies. The debit cards are anticipated to be made available in the forthcoming weeks.

April 9th: Based on official information, MEXC has initiated the WalletConnect (WCT) airdrop + event. The total prize pool amounts to 273,000 WCT and 50,000 USDT. Event duration: from April 9, 2025, 18:00 to April 25, 2025, 18:00 (UTC+8). It is reported that MEXC will soon list WalletConnect (WCT) in the Innovation Zone once the liquidity requirements are met, and open WCT/USDT and WCT/USDC trading markets. 15 minutes after the spot listing, WCT perpetual contracts will be launched. The token is also scheduled to land on MEXC Swap, enabling users to exchange it seamlessly and instantly with other assets.

On April 9th, Matrixport released its daily chart analysis indicating that Bitcoin is currently in another correction phase. Historically, in the previous four cases when the Stochastics Index dropped to 15%, Bitcoin has witnessed a significant rebound. However, the current index is at a level of 25%, suggesting that the market may not be close to a rebound opportunity yet. Even though President Trump claimed that China is eager to negotiate, China has not responded, and market sentiment remains cautious. Meanwhile, although the US stock market has experienced a 20% correction, the Treasury Department or the Federal Reserve has not clearly indicated support. Therefore, until the Stochastics Index approaches the crucial 15% threshold, it may not be the ideal time to "buy the dip" in Bitcoin at present.

On April 9th, JPMorgan Chase stated that it currently anticipates the Bank of England to reduce interest rates once more in September, resulting in the year-end rate being 3.5%, as opposed to the previous forecast of 3.75%. (FXStreet)

On April 9th, the world-renowned cryptocurrency exchange Gate.io officially launched the "Football Dream of the Future: Gate.io x Inter Vietnam Charity Program" in cooperation with Inter Milan Football Club. This program is focused on building and enhancing school sports infrastructure in different regions of Vietnam, aiming to encourage local students to actively engage in sports, grow up healthily and strongly, and bravely pursue their dreams. The Cam Xa Primary School in Hung Yen Province, Vietnam, was the first recipient of this program. Gate.io took the lead in constructing a modern 880-square-meter artificial turf football field at the school, which is equipped with professional lighting, fencing, and drainage systems to provide students with a safe and high-quality sports environment. As the official sleeve badge sponsor of Inter Milan, Gate.io is dedicated to creating a broader social impact on the global community by integrating blockchain technology and sports.