A new address has deposited 7.45 million U to buy HYPE on HyperLiquid.

April 17 — Ethereum-based NFT marketplace Foundation is shutting down permanently, per crypto outlet The Defiant, after a failed acquisition by digital art display firm BlackDove. Founder Kayvon Tehranian announced the decision on X (formerly Twitter), noting the platform’s planned sale to a buyer who intended to keep it operational fell through. The company has opted not to pursue a new buyer. In a post, Tehranian wrote: “Our sole goal in pushing the sale forward was to keep Foundation running. That’s no longer possible. As part of our shutdown process, we’ve taken down the infrastructure — and we can’t bring the platform back online.”

April 17th: On-chain analyst Ai Auntie (@ai_9684xtpa) reports that the linked address tied to BitMEX co-founder Arthur Hayes deposited 3,000 ETH (valued at $6.927M) to Binance and Bybit 11 hours ago.

April 17 — Per GMGN monitoring (via the link: https://t.me/gmgnaibot?start=i_m4TE56o8), Solana ecosystem meme coin BELIEF surged sharply this morning. It currently holds a $12 million market cap, a 350% 24-hour gain, and $3.8 million in trading volume over the same period. The token’s narrative centers on the Proof of Belief (POB) model from Printr V2 — a project incubated by Bybit Venture Studio. BlockBeats reminds users: Meme coins are highly volatile, heavily reliant on market sentiment and hype, and lack actual value or use cases. Investors should exercise caution and be aware of these risks.

Per Coinglass data as of April 17, **$445 million in positions were liquidated across the entire crypto network over the past 24 hours**, impacting 175,352 traders. Of the total, **$218 million were long positions** and **$226 million were short positions**. The largest *individual liquidation* occurred on Binance’s BTCUSDC trading pair, totaling **$9.7198 million**. ### Notes on American English conventions: - Uses concise, active phrasing ("Per Coinglass data" instead of wordier structures) - Prioritizes key metrics upfront (dollar amounts > trader count) - Uses "traders" (not "people") for accuracy (only their positions are liquidated, not the individuals) - "Individual liquidation" (more natural than "single" in financial contexts) - Clear punctuation/formatting for readability (bullet points for scannability, common in US financial news)

April 17th Per HyperInsight monitoring, the whale previously tagged as the "ZEC Largest Short" has continued adjusting its positions overnight and this morning: - It trimmed its S&P 500 long exposure while adding ~$5M in total capital. Its 5x-leveraged S&P 500 long position now totals $61.6M, with an average entry price of $6,878 and $1.42M in floating profits—making it the largest S&P 500 long position on Hyperliquid. - Concurrently, the address reduced its HYPE short position by ~$4M. Despite a minor HYPE price dip, the short remains underwater by $1.8M. Address: 0xd47587702a91731dc1089b5db0932cf820151a91

April 17th – Crypto market analyst Axel has released a report noting that since early 2026, capital has consistently flowed out of the Bitcoin network, driving an ongoing drop in market cap that has yet to post positive growth. The 30-day realized market cap change remains negative at -0.32%, though the decline has narrowed from the -0.54% seen in early April. Outflows have slowed but a reversal hasn’t been confirmed. Axel emphasized that until the growth differential turns positive, the market remains in a structurally defensive bear market. Fresh capital inflows will be required to trigger a bullish reversal.