ETH/BTC Exchange Rate Hits Near Two-Month High, Multi-Million Dollar Short Whale Loses $1.7 Million

On April 15, Iranian media outlet MEHR reported that Iran plans to use alternative ports instead of its southern port to bypass the U.S. blockade of the Strait of Hormuz.

On April 15, cryptocurrency quantitative analyst @AxelAdlerJr noted that Bitcoin recently touched the **average entry cost for U.S. Bitcoin ETF holders**—$74,200. Should Bitcoin hold above this level consistently, ETF holders will shift from a loss position to breakeven (neutral). A drop below it, however, signals the market structure remains weak, with downside pressure persisting. On the other hand, Short-Term Holders (STH) have a cost basis of roughly $83,734—this is the key resistance level in the current market. The analyst argues Bitcoin’s market structure will see more meaningful improvement only when the gap between the ETF holders’ cost basis and the STH cost basis narrows further.

Virginia Governor Abigail Spanberger signed House Bill 798 into law Monday (April 15), with the measure set to take effect July 1, 2026. The law requires unclaimed cryptocurrency in customer accounts — defined as assets unclaimed for five years — to be transferred to state custody in their "physical form" (actual tokens), rather than immediately liquidated or converted to cash. Previously, state officials typically liquidated unclaimed crypto shortly after taking custody, meaning owners who later claimed their assets might receive cash based on an earlier (and potentially lower) market price. Under the new law, state managers must hold these unclaimed digital assets for at least one year before liquidation. (Source: The Block)

April 15 — Hyperliquid’s native token HYPE retested $45 on Tuesday, hitting its highest level since October 31, 2025, according to Cointelegraph. The token has rebounded 108% from its annual low of $21 on January 21. Yet conflicting market signals are emerging: - **Weak spot buying interest**: Spot Cumulative Volume Delta (CVD) has dropped to -41.48 million, diverging from the price rally. This indicates the uptick is primarily driven by passive demand, not aggressive spot buying support. - **Cautious futures sentiment**: Futures CVD has held around -748 million over the past month. While Open Interest (OI) has climbed to $1.38 billion, the softness in futures CVD suggests traders lack confidence in chasing the uptrend. Additionally, BitMEX co-founder Arthur Hayes predicts HYPE could surge 200% to $150 by August this year if Hyperliquid continues to capture market share from centralized exchanges (CEXs). HYPE is currently trading at $43.5, down 27% from its all-time high o

April 15 — Senate Democratic Leader Chuck Schumer announced Thursday (April 14) that he will push for weekly mandatory votes to limit former President Donald Trump’s war powers. Schumer said: “If Republicans fail to act, Senate Democrats will forcefully advance this measure. Starting this week, we will bring a war powers resolution to the floor for a vote. If Republicans block it, we will hold votes repeatedly.” (Xinhua)