Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

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.

On April 6th, per Bitget data, Brent Crude Oil Futures were trading at $109.21 per barrel, while WTI Crude Oil Futures stood at $110.47 per barrel. Blockbeats reported earlier that a mediator made a final push for a 45-day ceasefire between the U.S. and Iran.

April 6th — Per the latest data from OpenRouter, the total weekly call volume of global AI large language models (LLMs) hit 27 trillion tokens last week (March 30 to April 5), up 18.9% week-over-week. Among listed LLMs, Chinese models’ weekly call volume rose to 12.96 trillion tokens — a 31.48% jump from the prior week. This marks five straight weeks of growth, and Chinese LLMs have outpaced U.S. models for five consecutive weeks. U.S. LLMs saw a weekly call volume of 3.03 trillion tokens, with only a 0.76% week-over-week increase. Last week, the top six global LLM call volume rankings were all Chinese models. Two entries from Alibaba’s Qwen 3.6 series landed in the top three: - Qwen3.6 Plus (free) topped the list with 4.6 trillion weekly tokens; - Qwen3.6 Plus Preview ranked third with 1.64 trillion weekly tokens. (Source: National Business Daily)

April 6th — Ceasefire expectations between the U.S. and Iran have climbed steadily since yesterday on Polymarket, per monitoring from PolyBeats. Key probability updates: - Ceasefire by month-end: Up from 18% to 28% - By end-May: 34% → 42% - By end-June: Now a high-probability event at 53% The uptick is primarily tied to former President Trump’s deadline for Iran to engage in talks, set for Tuesday night Eastern Time (Wednesday morning Beijing). Several developments have also boosted optimism: - Sources report the U.S., Iran, and regional mediators are negotiating terms of a potential 45-day ceasefire, which could pave the way for a permanent end to hostilities. - Iran held talks with Oman on Saturday to discuss solutions for ensuring navigation in the Strait of Hormuz.

April 6th: Per HyperInsight monitoring (link: https://t.me/HyperInsight), the address linked to "Pal" Huang Licheng today expanded its ETH long position by 8,100 coins (~$17.24M) with 25x leverage. Current unrealized profit sits at ~$450k, with an average entry price of $2,081.26 and a liquidation price of $2,000.46.

April 6th: Per Axios, four U.S., Israeli, and regional sources familiar with the negotiations say the U.S., Iran, and regional mediators are discussing terms for a potential 45-day ceasefire—one that could ultimately pave the way for a permanent end to the war. Sources note the odds of a partial agreement being reached in the next 48 hours are low. But this final push is the only chance to head off a sharp war escalation—one that would include large-scale strikes on Iran’s civilian infrastructure and retaliatory attacks on Gulf state energy and water facilities.