💰Santiment: ETH continues to strengthen against BTC

📊63.15% of existing BTC have not moved for at least a year.

This is only 0.3% less than the previous ATH of this metric.

💰Funds continue to increase shorts against Tether. Betting on the collapse of the USDT peg to the US dollar

Short sellers are betting against a cryptocurrency whose price shouldn’t move.

A few investment firms, including Fir Tree Partners and Viceroy Research LLC, have placed substantial bets in recent months that the price of tether will fall, according to people familiar with the matter. Tether is the most popular currency for trading bitcoin and is supposed to have a fixed value pegged to the U.S. dollar.

https://www.wsj.com/articles/short-sellers-bet-tether-cryptos-central-bank-is-vulnerable-to-a-run-11648978202

📊Santiment: current alignment in Cardano:

- wallets with a balance of up to 100 coins do nothing
- wallets with a balance of up to 100 - 100,000 coins accumulate
- wallets with a balance of up to 100,000+ coins sell

📟Intel Doubles Down on ESG With Launch of Second-Gen Bitcoin Mining Chips

The “Intel Blockscale ASIC” chip boasts efficiency up to 26 J/TH, which would make it better than most Bitmain and MicroBT models now on the market.

https://www.coindesk.com/business/2022/04/04/intel-doubles-down-on-esg-with-launch-of-second-gen-bitcoin-mining-chips/

✅Terra Adds Another $230M Worth of Bitcoin as BTC Dips to $44K

Terra bought yet another $230 million worth of BTC, and Do Kwon talks about the protocol's future.

https://cryptopotato.com/terra-adds-another-230m-worth-of-bitcoin-as-the-btc-price-dips-to-44k/?amp

💤 A dormant address containing 50 #BTC (2,158,390 USD) has just been activated after 12.4 years!
Details

https://whale-alert.io/transaction/bitcoin/181ee03f53c5d6fea6655572380f435b26bb64029fa274620438951a6a16009d

🩸Google Trends | Bitcoin - 2022.04.07

🩸Market is bleeding today

🐃Mayor of Miami introduced a statue of a crypto-bull in the city - to replace the obsolete one on Wall Street

💰Cash App Users Can Now Invest Their Paychecks Into Bitcoin

Starting today, U.S. customers of Cash App, a mobile payment service run by Block (formerly Square), will be able to automatically invest a portion (or the entirety) of their direct-deposit paychecks into bitcoin. Cash App’s Bitcoin Product Lead Miles Suter made the announcement this morning at the Bitcoin 2022 conference in Miami

https://www.forbes.com/sites/ninabambysheva/2022/04/07/cash-app-users-can-now-invest-their-paychecks-into-bitcoin/?sh=8ad0b8acedc7

💵Near Protocol is set to launch a stablecoin called USN

Near Protocol is bringing out its own stablecoin called USN, The Block has learned, according to two sources familiar with the situation.

According to one source, the stablecoin is on the way but no timeline has been shared internally so far.

Rumors surrounding the stablecoin first surfaced when Zoran Kole, founder of Zorax Capital, claimed in a Substack post that Near Protocol was launching a stablecoin that will offer 20% yield. 

https://www.theblockcrypto.com/post/141274/near-protocol-is-set-to-launch-a-stablecoin-called-usn-source

📊Coinshares (weekly report on financial flows in crypto - week to April 11):

crypto = sharp strong outflow = -$134 million

significant outflows from #BTC #ETH

good influx in #SOL

minor inflows to #LTC #DOT #ADA

🩸BTC and SPX 60m

🧨​​About $421M of Positions Gets Liquidated Due to BTC Drop Below $40,000

Due to the recent Bitcoin drop below $40,000 about $421M in longs and shorts was liquidated from the leading derivatives exchanges:

- $140M on Binance;
- $127M on OKX;
- $62M on FTX;
- $43M on Bybit ;
- $19M on Bitmex.

📈Increase in the number of Cardano wallets = + 1600% from Dec 2020 - up to 3,200,000 wallets now

📈Santiment: There has been a spike in "buy the dip" sentiment in crypto

CZ Tweet💪

📈 NEAR Demonstrates Strongest Performance Among Altcoins, Overtakes Former Yield Leader LUNA Amid Market Correction

🌎Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet.

https://news.bitcoin.com/terras-cross-chain-bridge-now-supports-solana-avalanche-fantom-moonbeam-osmosis/