Linera Launches Babbage Testnet

On April 14, per GMGN monitoring (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0x36f2fd027f5f27c59b8c6d64df64bcc8e8c97777), the meme coin "Snowball" spiked sharply on the BNB Chain (BSC) overnight and into this morning. Earlier today, its market capitalization briefly topped $21 million—nearly doubling from its level yesterday afternoon. It has since dropped to $14.2 million, but still holds an 85% 24-hour gain, with approximately $1.7 million in 24-hour trading volume. BlockBeats warns users that meme coin trading is extremely volatile, driven primarily by market sentiment and speculative hype with no tangible value or real-world use case. Investors should be mindful of the associated risks.

April 14th — Per HyperInsight monitoring (via Telegram: https://t.me/HyperInsight), the "Short Oil at High Price" whale address (0x4Cd80aa0CE4881Eb8679EdA1f6fbe3d89AEc0F7F) opened $4.8 million in short positions on WTI and Brent crude at 7:00 AM yesterday (April 13th). Entry prices were $99.935 for WTIOIL and $99.03 for BRENTOIL, marking another successful call on a recent price peak. Benefiting from today’s sharp oil price correction, the address locked in profits for the second time — netting ~$300,000 in gains for a 26.6% return. Within 1 hour, the whale rolled over its short positions on both oils, boosting total position size to $7.98 million. As of press time, it continues to add to positions. Current holdings: - WTIOIL: 7x leverage, $3.87M position; average entry reduced to $97.9; $248,000 unrealized profit; liquidation price $112.8 - BRENTOIL: 7x leverage, $4.1M position; average entry reduced to $94.8; $80,000 unrealized profit; liquidation price $116.3 Notably,

Glassnode released its weekly market outlook on April 14th, noting Bitcoin’s price momentum surged 51.7% to top its prior high—reflecting a sharp jump in spot buying pressure and signaling stronger buying support in the market. Meanwhile, Bitcoin futures open interest kept climbing, option Delta skew eased its bearish tilt, and on-chain activity cooled. This suggests the current phase is a consolidation period amid improved market sentiment. From a profitability standpoint, market pressure has eased. Collectively, the indicators point to strong bullish sentiment, higher investor participation, and boosted risk appetite—though signs of cautiousness and a move toward market stability also persist.

On April 14, GMGN rolled out a platform update, with the key new feature being customizable K-line chart marker size. Users can adjust marker size to match different chart styles, enhancing the visual experience. Additionally, the platform has updated the TikTok revenue sharing display for the Bags token. What’s more, Cooking Bags now supports revenue distribution to TikTok accounts, further integrating content creation and revenue mechanisms.

On April 14, The Block reported that top startup accelerator Y Combinator has made its first all-stablecoin investment: it disbursed $500,000 in USDC to prediction market startup Totalis across three transactions on the Solana blockchain, with the assets held in custody on financial operations platform Ramp. Y Combinator CEO Garry Tan noted the accelerator will offer stablecoin payment options to all YC-backed startups—not just crypto-focused businesses. Totalis plans to use Ramp to simultaneously execute stablecoin-to-fiat trades and pay credit card bills directly from its stablecoin account.