Shield: The KiloEx Attacker Tagged Address has returned approximately 1.4 million USDT to KiloEx

April 16: Bitcoin is hovering near $75,000, facing selling pressure but supported by steady institutional demand, per CoinDesk. Market sentiment got a boost from news of a U.S.-Iran ceasefire extension. The U.S. dollar dropped to a nearly six-week low, and bond yields pulled back—conditions typically supportive of crypto prices. Gold rose in tandem, signaling markets are balancing risk appetite and safe-haven demand. On-chain data shows Bitcoin often sees a supply surge when it hits a key cost basis threshold for short-term holders, currently around $76,800. That level could act as a major resistance, where investors may take profits once breaking even. Morgan Stanley’s newly launched MSBT fund quickly pulled in over $100 million thanks to market-low fees, spurring rivals like Goldman Sachs to ramp up competition. Meanwhile, U.S. port blockades of Iran and Tehran’s threats to disrupt Gulf shipping continue to cloud the global economic outlook. Energy supply shocks have started

On April 16, the Associated Press (AP) reported that International Energy Agency (IEA) Director Fatih Birol stated Europe’s aviation fuel supply may only last another six weeks. Per monitoring from PolyBeats, the probability of the Suez Canal reopening by the end of this month has ticked up slightly to 21% on the prediction market Polymarket.

April 16 — Per HyperInsight monitoring (via Telegram: https://t.me/HyperInsight), the hedge whale “HYPE Maximum Short” on Hyperliquid has begun liquidating its spot HYPE holdings today. The address has placed 9 closely timed sell orders for 63,000 HYPE (valued at ~$2.86M) via a Time-Weighted Average Price (TWAP) strategy. Over half of these orders have already executed. The whale still holds a 5x-leveraged HYPE short position worth ~$25M, with an average entry price of $38.93. It’s currently sitting on a floating loss of $3.54M (-70%), making it the largest HYPE short holder on the platform. Typically, traders hedging spot positions with shorts will close some short positions to lock profits when selling spot. However, this whale has yet to adjust its HYPE short position — suggesting it may be betting on a short-term HYPE price reversal to offset its unrealized short losses.

On April 16, LookOnChain monitoring data indicates Abraxas Capital (Alpha Bitcoin Fund) has just deposited 1,993 Bitcoins (valued at $148.32 million) into Kraken. Since March 14, the fund has cumulatively transferred 9,582 Bitcoins (worth $691 million) to the exchange. It currently holds 20,337 Bitcoins, valued at $1.51 billion.

April 16 — CoinGecko’s Q1 2026 Cryptocurrency Industry Report, released today, reveals key market trends: Driven by late-2025 bearish sentiment and global geopolitical instability, the total crypto market cap fell 20.4% (or $6.22 trillion) in Q1, closing at $2.4 trillion — down roughly 45% from its October 2025 peak. Average daily trading volume dropped 27.2% to $117.8 billion. Stablecoin total market cap held steady at $309.9 billion. Tether (USDT) supply saw its first decline since Q2 2022 (-1.6%), while USD Coin (USDC) grew 2.4% to $77.1 billion. U.S.-Iran war-related supply disruptions pushed crude oil up 76.9% — making it Q1’s top-performing asset. Bitcoin fell 22.0%, while the Nasdaq and S&P 500 dropped 7.1% and 4.8%, respectively. **CEX Spot Trading**: Spot volume across the top 10 centralized exchanges fell 39.1% to $2.7 trillion. March alone saw just $0.8 trillion in volume — the lowest since November 2023. **DEX On-Chain Trading**: Solana maintained its Q1 lead

April 16 — Top crypto venture funds including Paradigm, Pantera Capital and a16z have seen portfolio values shrink amid a market downturn and investor distributions, per a Fortune report. a16z Crypto’s four crypto-focused funds saw total assets under management (AUM) plummet nearly 40% to $9.5 billion between 2024 and 2025, driven in part by the firm returning capital to investors from its first three funds. Multicoin Capital’s AUM, meanwhile, has more than halved to roughly $2.7 billion.