TRUMP unlocked 40 million tokens 5 hours ago, equivalent to around 300 million US dollars

On April 8th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted 10 hours ago that address 0x042...Fff6a deposited 264.445 WBTC (valued at $17.98 million) to Binance. The WBTC tied to this address dates back to 2022, when it was transferred from address 0x051...80b27 at an average BTC withdrawal price of just $46,808. Last month, the same address also sent $13.79 million worth of WBTC to a trading platform—and the WBTC in the current address has since been withdrawn.

**April 8th Update** Analytics platform Greeks.live shared on social media: - Trump stated yesterday he would “wipe out Iran,” but today announced a ceasefire agreement. - Bitcoin quickly surged to $72,000, yet **near-term options implied volatility (IV)** remains on the decline—even end-of-cycle option IV has dropped, with skew showing reduced positive skewness. - Meanwhile, as realized volatility (RV) climbed, the volatility risk premium (VRP)—which rebounded sharply yesterday—has fallen again. From an options key indicators lens, Bitcoin’s rebound above $70,000 still delivers meaningful market encouragement. This is primarily because it eases fears of a black swan event triggering a crash, not because of expectations for sustained price gains.

April 8th — Official sources confirm Seamless Protocol, the lending arm of Base Protocol, is winding down operations. The platform’s interface will go offline on June 30, 2026, and users must withdraw all assets, redeem leveraged tokens, and unstake their SEAM by that date. The Morpho treasury will also be liquidated in an orderly fashion, with remaining DAO treasury assets allocated to SEAM holders per a governance proposal. The shutdown stems from structural challenges in the DeFi lending market, liquidity issues with leveraged tokens, and a market shift toward actively managed treasuries over permissionless tokenized products. While the protocol’s mechanics operated as intended, market conditions failed to drive widespread adoption, and sustained development lacked a clear path to sustainable revenue.

On April 8, alternative data shows the cryptocurrency Fear & Greed Index sits at 17 today—up from 11 yesterday—easing market "fear" sentiment. Note: The Fear & Greed Index ranges from 0 to 100, with components including: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

April 8th – Bitcoin briefly topped $72,000 today, and Coinglass data shows funding rates across major centralized (CEX) and decentralized (DEX) exchanges are signaling a notable weakening of bearish sentiment. Specific funding rate figures are available in the attached image. BlockBeats Note: Funding rates are fees set by crypto exchanges to keep contract prices aligned with underlying asset values, typically applied to perpetual contracts. This is a fund exchange mechanism between long and short traders—exchanges do not collect these fees. They’re used to adjust the cost or profit of traders holding contracts, ensuring contract prices stay close to the underlying asset’s price. A funding rate of 0.01% is the baseline. Rates above 0.01% signal a generally bullish market, while rates below 0.005% indicate a generally bearish market.

On April 8, Raoul Pal—former Goldman Sachs executive, author of *Global Macro Investor*, and co-founder/CEO of Real Vision—took to social media to note: "The ETH/BTC exchange rate is now getting very interesting, aligning with the business cycle (rising ISM) and a trend of increasing liquidity. Looking at the long-term chart, the trend remains very constructive. Since 2017, ETH has broadly held its value relative to BTC; if this chart plays out as currently trended, ETH should outperform BTC over time." This also makes intuitive sense: as a smart contract platform, ETH’s Total Addressable Market (TAM) is fundamentally distinct from BTC’s "store of value" attribute. BTC primarily carries the value of total savings, while ETH can carry the value of economic activity itself. Precisely because of this difference, over time, the dominance of smart contracts (represented by ETH) relative to BTC will continue to rise.