JEENNA

Kevin Warsh has been officially approved for the position of Chairman of the Federal Reserve. He will assume the role this Friday.

Coinbase reported that an average of 4.5 million $ETH was staked to its validators in Q1 2026, accounting for 12.17% of total staked ETH. The company emphasized its commitment to maintaining below 30% network penetration, with its validators achieving 99.98% uptime and no slashing or double-signing events since inception. Validators are distributed across five countries, two cloud providers, and seven MEV relays.

$BTC has recovered above $80K as ETF inflows, spot demand, and positioning improve. However, weaker capital inflows and heavy overhead supply near $86K keep conviction below prior bull phases.

Executive Summary
– US spot ETF inflows have turned firmly positive as BTC recovered from mid-$60Ks to low-$80Ks
– Shallow drawdown: Relative Unrealized Loss peaked at 25% in February, now compressed to 8%; bear regime stays shallow if $60K holds
– Realized Cap 30D Net Position Change back to $2.8B/month, but well below the $10B+ seen in prior bull expansions
– Support at $76.9K (30-day cost basis), resistance at $86.9K (Nov-Feb accumulation range)
– Coinbase Spot Volume Delta flipped sharply positive over the last two weeks
– Hyperliquid traders steadily adding long exposure alongside rising prices
– Implied volatility falling across the curve, led by the front end, as realized vol trends lower
– Downside hedging demand fading, options structure more balanced around $80K #etf

$BTC traders’ unrealized profit margins hit 17.7%, the highest since June 2025. The last time margins reached these levels while Bitcoin tested the 200-day MA was March 2022, just before the downtrend resumed.

#MetaPlanet (3350.T) CEO Simon Gerovich stated that their preferred stock upon listing would be only the seventh in the market and the first perpetual preferred. He added that while Japanese companies typically pay dividends 1-2 times a year, MetaPlanet is planning monthly payouts.

U.S. Senate Banking Committee Receives Over 100 Amendments to Crypto Market Structure Bill

According to Politico, ahead of the U.S. Senate Banking Committee’s markup vote on the crypto market structure bill, the CLARITY Act, committee members have submitted more than 100 amendments.

Crypto journalist Eleanor Terrett disclosed that Senator Elizabeth Warren submitted over 40 amendments, including one aimed at preventing the Federal Reserve from granting master accounts to crypto companies. Senator Jack Reed proposed explicitly banning cryptocurrencies from being used as legal tender, including prohibiting tax payments in crypto assets.
#SchwabOpensCryptoAccounts #ClarityActDraft #FedChairTransitionNears

$ETH Ethereum Launches Clear Signing Standard to Reduce Blind Signing Risks

Ethereum Foundation announced the launch of the “Clear Signing” open standard, designed to minimize blind signing risks by presenting transaction details in human-readable text rather than unreadable hexadecimal data during approvals.

Contributors to this initiative include Ledger, Trezor, MetaMask, WalletConnect, and Fireblocks, with the Ethereum Foundation coordinating the effort.
#Ethereum’s

Bitcoin's MVRV ratio is on the verge of a golden cross with its 200D EMA, a signal that has historically marked the start of major bull runs.

The last two crossovers preceded a 90% rally in Q1 2023 and a 400% run to the current $126K ATH set in October 2025.

$BTC #ClarityActDraft #FedChairTransitionNears

$BTC Bull-Bear Cycle Indicator turns green for the first time since March 2023.

Historically, this has been an important regime-change signal. The key historical exception is March 2022, when the indicator also moved into an early bull zone, but the price was rejected shortly after.

#BitcoinOrdinalsBrowserOrd.iotoShutDown
#ClarityActDraft #BinanceOnline

Strategy bought 535 $BTC for $43M.

They now hold 818,869 $BTC .

April 2026 Exchange Report:
Spot Trading Volume Down 6.2%
Derivatives Trading Volume Down 9.0%
Website Traffic Down 12.24%

All exchanges recorded declines except Uniswap.

@CZ said we may see a crypto supercycle in 2026.
#StrategyBTCSalesLimitedToDividends #BTCSurpassesTeslaMarketCap #StrategyToResumeBTCPurchases

#Ethereum’s share of DeFi TVL has fallen from 63.5% to 54% this year, though it still leads the market with $45.4 billion locked.
$ETH

🇺🇸 Trump Media reported a $405.9 million net loss in Q1 driven by Crypto holding.

#StrategyBTCSalesLimitedToDividends #BlackRockPlansMoneyMarketFundsforStablecoinUsers #CLARITYActHearingSetforMay14 #USAdds115kJobs

#Coinbase Buys $88M in Bitcoin in Q1 2026, Reaching 16,492 $BTC .

Coinbase disclosed during its Q1 2026 earnings call that it purchased $88 million worth of Bitcoin in the first quarter, expanding its corporate BTC reserves.

The company currently holds 16,492 BTC, an increase of 1,103 BTC from its previous disclosure, valued at approximately $1.3 billion at current prices.

$ETH According to , citing DeFiLlama data, Ethereum's share of Total Value Locked (TVL) in DeFi has decreased from 63.5% at the start of 2025 to approximately 54% as of May 7. This marks its lowest level since May 2025. Despite the decline in market share, Ethereum still maintains its leading position with a current TVL of around $45.4 billion.
#BlackRockPlansMoneyMarketFundsforStablecoinUsers a16zCryptoSaysRWATops$30B#CLARITYActHearingSetforMay14 #USAdds115kJobs #CathieWoodandCZDiscussAIandStablecoins
#JapanOnchainBondsand24/7Trading

2026 is the year of $ZEC &
$HYPE

There are always new superstars in new cycles, which come from a few hundred million to 100B$ marketcap.

What will be the next 100B$ Mcap?

$ZEC
& $HYPE
.
#BlackRockPlansMoneyMarketFundsforStablecoinUsers a16zCryptoSaysRWATops$30B#CLARITYActHearingSetforMay14 #USAdds115kJobs #CathieWoodandCZDiscussAIandStablecoins #CathieWoodandCZDiscussAIandStablecoins

48,200 $BTC net-exited venues in 30 days, including a single-day record 32,000 BTC withdrawal.

ETFs are absorbing 33–44 days of mining output every single week.

Whale wallets (>1,000 BTC) added 142 since November and bought 270,000 BTC in 30 days — the biggest monthly accumulation since 2013.

Our Exchange Flux Balance has been printing the structural drain in real time.

See the on-chain pressure cooker →
#BlackRockPlansMoneyMarketFundsforStablecoinUsers
a16zCryptoSaysRWATops$30B#CLARITYActHearingSetforMay14 #CathieWoodandCZDiscussAIandStablecoins
#USAdds115kJobs #IranDealHormuzOpen