Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

**Hyperliquid: Top Oil Short Whale (Abraxas Capital) Closes $160M Positions for ~$10.15M Profit (April 10)** Per Hyperinsight monitoring (via Telegram @HyperInsight), two addresses linked to Abraxas Capital—Hyperliquid’s largest crude oil short institution—fully closed their ~$160 million short positions in WTIOIL and BRENTOIL early this morning. The exits occurred at ~$95 (WTIOIL) and ~$95.5 (BRENTOIL), yielding a total profit of ~$10.15 million. Post-liquidation, the whale has no large new positions open. Its key holdings now include: - A $20.5 million BTC long position - A $30.8 million GOLD short position **Context**: The addresses began building massive crude shorts on March 26, with positions peaking at $160 million. After recent ceasefire news, the whale’s ~$9.7 million floating loss flipped to profit—climbing to nearly $10 million at one point—prompting it to take profits yesterday afternoon. **Addresses**: 1. 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 2.

April 10th — Per HyperInsight monitoring (https://t.me/HyperInsight), the leading BTC long position (0x1e9) on Hyperliquid liquidated its entire long position in one fell swoop over the past 10 minutes, with a liquidation price of $71,463. This briefly triggered a large sell order execution. The position was opened earlier today at 6:00 AM when BTC was trading above $72,000, holding 247 BTC (~$17.65 million). As prices fell, the address opted to exit quickly via stop-loss, incurring an approximate $180,000 loss on the trade.

April 10 — Sources familiar with the matter report that hours after former President Trump abruptly announced he had suspended an attack on Iran last month, the White House warned staff not to misuse their authority to speculate in the futures market. The White House Management Office sent an email to all staff on March 23 issuing that warning. Earlier that day, Trump announced the attack suspension via Truth Social. About 15 minutes before that sudden policy shift, a flurry of mysterious trading activity hit the futures market. A senior administration official who received the email stated that given the “frequently reported” suspicious large bets in the futures market in media accounts, the warning was indeed a timely “reminder.”

April 10 – Market sources report that Ebrahim Azizi, Chair of Iran’s Parliamentary National Security Committee, has proposed a bill to permanently bar U.S.- and Israel-linked oil tankers from transiting the Strait of Hormuz. Vessels linked to Israel or voyaging to/from Israel will also be barred from passage, and the ban will extend to nations taking measures against the "Resistance Front." (FX168)

April 10th — Official data from the Pacifica Perpetual Contract Trading Platform shows several key metrics continuing to climb: Total trading volume has topped $157 billion, open interest has surpassed $74 million, and active users have exceeded 41,000. Additionally, the platform’s Unified Margin system has officially launched on its testnet, enabling users to use spot assets as collateral for perpetual contracts. The platform has also partnered with the PacificPod NFT team to launch a trading competition: the top 100 traders will split 200,000 points and receive 25 NFT rewards, with the event running through April 18.

**April 10th (Nikkei News) — The Japanese government greenlit a proposed amendment to the Financial Instruments and Exchange Act at a Cabinet meeting on Thursday. For the first time, the bill classifies cryptocurrency as a financial asset, banning insider trading using undisclosed information. It also requires crypto issuers to file annual disclosures to foster a healthy market. If passed in the current Diet session, the amendment could take effect as early as fiscal 2027.** **Previously, Japan’s Financial Services Agency (FSA) regulated crypto under the Payment Services Act, treating it as a “means of payment.” But growing use of crypto as an investment tool has pushed it into the Financial Instruments and Exchange Act’s regulatory scope. Registered entities will also see a name change: from “cryptocurrency exchange operators” to “cryptocurrency trading operators.”** **Penalties are being toughened too: unregistered entities operating crypto sales face a maximum 10-year prison t