Trump Says Iran Bridge and Power Plant Could Be Destroyed in 4 Hours

April 7th — Contract whale "First Set 10 Big Goals" (@Jason60704294) posted a long position limit order on X at 1 a.m. ET this morning, with a screenshot showing a limit price of $69,574.7 and an additional 270.37 BTC long position. Bitcoin fell below the entry price this morning, so the order is expected to have been executed. Yesterday afternoon, Bitcoin briefly broke above the $70,000 mark, and the whale’s BTC long position was once up $5.52 million.

On April 7th, crypto mining firm Marathon Digital Holdings (MARA) transferred another 250 BTC—valued at roughly $17.37 million—from its holdings three hours ago, per data from blockchain monitoring platform LookOnChain. Prior to this latest transfer, MARA sold 15,133 BTC—worth approximately $1.1 billion—between March 4th and March 25th.

On April 7, CryptoQuant released a post noting the Bitcoin Network Activity Index has rebounded after months of decline. Daily transaction volume hit roughly 615,000—its highest level since November 2024—and covers metrics including active addresses, transaction counts, and UTXOs. The analysis also pointed out current Bitcoin fees remain low. In this environment, exchanges and large holders may be engaging in UTXO consolidation and fund restructuring. The surge in activity is partly driven by operational behavior, rather than purely organic demand.

On April 7, Ethena officially announced that USDe will expand its collateral types after receiving approval from an independent risk committee. Ethena noted that its collateral diversification spans four areas, each a natural extension of its existing operations: 1. Institutional stablecoin lending (overcollateralized): Collateral assets from borrowers will be held by a third-party institutional-grade custodian; 2. Real-world assets (RWA) beyond U.S. Treasuries (T-Bills): Expanding to additional high-quality, liquid credit assets; 3. Stock and commodity basis trading: Extending its delta-neutral strategy (previously applied to crypto assets) to traditional assets; 4. Prime lending for trading institutions: Providing funding to trading firms via overcollateralized loans, with counterparties bearing exchange platform risk.

On April 7th, LookOnChain data shows that over the past 4 hours, whale address 0xA5CB transferred 60,001 ETH to Coinbase, with the deposit valued at $1.288 billion.

April 7th: Per Ashes Monitor, Spark transferred 414,000 USDS to its buyback address 7 hours ago, launching the second month of SPK token repurchases. First-month recap: 572,000 USDS was used to repurchase 26.66 million SPK tokens. Second-month update: The 414,000 USDS buyback fund has been sent to the buyback address, with repurchases now underway.