MarsBit News

According to news from Mars Finance, monitored by Omar Faridi, the net demand from institutional Bitcoin investors has regained strong momentum, reaching the highest growth rate since the end of 2025. Data from Bloomberg, Glassnode, and Bitwise Europe shows that the buying pressure from professional institutions like funds and asset management companies significantly outweighs the selling pressure. Industry analysis highlights that institutional capital typically involves large trades and a long-term holding strategy, and the acceleration of net demand indicates that whales are increasingly confident in Bitcoin as a store of value. Currently, the rise in institutional participation is improving market liquidity and is seen as a signal of Bitcoin's further solidification in the global financial system.

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Author: Benji, IOSG



Core Insight: STRC is a cleverly designed financing tool that converts fixed income demand into buying pressure for Bitcoin. In a bull market, it can offer a floating yield of 11.5% with lower price volatility, but its risk structure is essentially equivalent to 'shorting a put option' on BTC asset coverage. Therefore, when BTC drops, it cannot replace true fixed income products.

The real weak point of STRC isn't the BTC price, but the mNAV. Once MSTR's mNAV drops below 1.0x for more than 4 weeks, the flywheel will enter a downward spiral in passive mode within 3 months. We estimate the probability of this trigger occurring in the second half of 2026 to be around 70%. At that point, STRC could present a buy-in opportunity around $85 – $90. If the trigger doesn't activate, it means Saylor has successfully created a brand new category of BTC-native credit instruments.

According to Mars Finance, based on Gate market data, ETH/USDT is currently sitting at $2299.99, with a 24-hour drop of 2.01%.

According to Mars Finance and CoinGlass data, the total liquidation amount in the crypto market over the past 24 hours reached $450 million, with long liquidations totaling $281 million and short liquidations at $169 million. BTC saw liquidations amounting to $167 million, while ETH had $161 million in liquidations. In the last 24 hours, a total of 110,130 traders were liquidated, with the largest single liquidation occurring on Binance's ETH-USDT pair, valued at $11.9852 million.

According to Mars Finance news, the current price of BTC/USDT is $76999.5, with a 24-hour dip of 1.4%.

According to Mars Finance, Solana's official team has released an article discussing the potential impact of quantum computing on blockchain technology. They reiterated that quantum threats are still years away, but the Solana ecosystem has done its homework and is well-prepared with research and tech. The independent validation client dev teams, Anza and Firedancer (which together represent most of the network's staked share), have reached a consensus after their own studies that a compact signature scheme suitable for high-throughput blockchains is needed, and they've jointly selected the Falcon scheme. Both parties have published initial implementation code on GitHub. Additionally, the Solana Winternitz Vault developed by Blueshift has been operational in the ecosystem for over two years, providing a direct anti-quantum solution. Earlier this year, Google Quantum AI listed this Vault in its white paper as a leading example of forward-looking post-quantum work in the industry. Solana's current quantum roadmap includes ongoing quantum research and evaluation of Falcon and alternatives; adopting post-quantum solutions for new wallets when quantum becomes a credible threat; and migrating existing wallets to the selected scheme. The officials state that the migration process is manageable and can be completed quickly when needed, with no significant impact on network performance expected.

According to a report from CoinDesk, Fidelity Digital Assets has released its Q2 2026 signal report, highlighting that even though the crypto market was in a consolidation phase at the beginning of the second quarter, several underlying metrics have shown signs of stabilization. The report indicates that Bitcoin's dominance continues to rise, with capital concentrating on the most liquid assets. Unrealized profit levels and momentum indicators align with characteristics typical of a correction phase, potentially laying the groundwork for a more stable market structure moving forward. Meanwhile, the network usage and price trends of Ethereum and Solana have diverged, indicating steady demand at the protocol layer. The report also noted that Bitcoin futures are currently experiencing negative funding rates, with research institution 10x suggesting this reflects institutional structural hedging behavior rather than an overall bearish signal.

According to Mars Finance, Onchain Lens is tracking that a certain whale (0xEe0...b71C) withdrew 72,264 HYPE from Gate, worth $30.6 million. Currently, this whale holds 396,820 HYPE, totaling $168 million in value.

According to Mars Finance, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York State in the Federal District Court for the Southern District of New York. They are seeking a court ruling to assert exclusive regulatory authority over prediction markets, aiming to stop New York's crackdown. Previously, New York State had already taken legal action against crypto exchanges Coinbase and Gemini regarding their prediction market operations. Earlier this month, the CFTC also filed similar lawsuits against Arizona, Illinois, and Connecticut, as the jurisdictional dispute between federal and state regulators heats up.

Mars Finance reports on April 27 that at the Birmingham Commercial Vehicle Show in the UK, Chery Commercial Vehicle's global smart commercial vehicle brand DELIVAN has made its global debut. This brand is centered around the FSCV future super commercial vehicle strategy, establishing a comprehensive vehicle technology system that covers multi-energy power, digital architecture, and AI intelligence. On the product side, DELIVAN adapts to the demands of pure electric, hybrid, and hydrogen energy through a multi-energy platform, and combines full vehicle data collection with cloud collaboration to achieve systematic enhancements in energy consumption management, operational optimization, and fleet operations. Additionally, the brand has proposed a business model centered around "data + AI + ecosystem," extending to services, finance, and modifications across multiple segments. (Titan Garage)

According to news from Mars Finance, Whale Alert has detected that USDC Treasury minted 250 million USDC on the Solana chain.

Mars Finance reports that on April 27, Greeenmei Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with joint sponsors being JPMorgan, CITIC Securities, and CITIC Securities International.

According to a report from The Block, Bernstein analysts have indicated that the fundamentals of the crypto market are continuously improving. The recent low of $60,000 for Bitcoin has formed a clear bottom, with current prices nearing $80,000. Driven by institutional demand, we can expect a longer-term structural bull market. Analyst Gautam Chhugani pointed out the following key drivers: • Institutional channels are expanding: Morgan Stanley's Bitcoin ETF and Charles Schwab's spot Bitcoin/Ethereum trading platform have launched, with about 60% of Bitcoin supply not moving for over a year, indicating a more stable holder structure; • Strategy continues to accumulate: Their STRC perpetual preferred shares product is attracting yield-seeking investors, with current holdings reaching 818,334 Bitcoins; • Demand for stablecoins has hit an all-time high: Stablecoin supply has surpassed $300 billion, decoupling from the crypto market price cycle, reflecting sustained growth in real payment and settlement needs; • Tokenized real assets are expanding rapidly: The scale of tokenized assets like private credit and government bonds has reached $345 billion, a 110% year-over-year increase. Bernstein also warns that quantum computing poses a long-term potential risk, but they expect the blockchain ecosystem to have ample time to complete the post-quantum security transition.

According to Mars Finance, a16z crypto has released an analysis report titled (The New Stack of Global Finance: Stablecoin Edition). The report points out that stablecoins have evolved from niche trading tools into foundational financial pipelines, giving rise to a new model of 'Banking as a Service' that is driving the reconstruction of the financial system. The report believes that the transition to on-chain finance has 'crossed the point of no return.' It categorizes blockchains into three types: general-purpose chains (like Solana, Ethereum, and L2), payment-specific chains (like Stripe's Tempo), and institutional networks (such as Canton). It also notes that the bottlenecks in the banking sector are easing, with a number of crypto-friendly banks actively connecting on-chain infrastructure with traditional fiat systems. The competition for stablecoin issuance has shifted to regulatory positioning, with issuers racing to obtain OCC national trust charters. The report states that payments are the 'first act,' while credit may be the more significant 'second act.' The large-scale issuance of stablecoins will give rise to a new on-chain credit market, enabling capital to form outside the traditional banking system. The report further emphasizes that stablecoins not only enhance the dominance of the dollar but also provide access to dollars for users in emerging markets.

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The S&P 500 just hit a new all-time closing record, but there's a strange vibe on Wall Street—it's not a celebration, it's more of a caution. Last Friday, the S&P 500 reached a new high, but 324 of its component stocks closed down, with a net breadth reading of -148. This is the second worst breadth performance ever when hitting a new high. In other words, while the index is climbing, most stocks are actually on the decline.

This disconnection of 'index up, stocks down' reminds me of the rebound after the crash in March 2020—back then, it was only a handful of tech stocks pushing the index up, and before long, we faced a severe shakeout. Right now, Goldman’s trading desk has already raised the alarm.

Mars Finance reports that on April 27, NetEase Youdao Cloud Notes has launched the new skill "LLM Wiki", aimed at lowering the barrier for building AI knowledge bases. This feature aligns with the "LLM-Wiki" concept proposed by OpenAI co-founder Andrej Karpathy, promoting a shift in knowledge management from static archiving to dynamic AI interaction. According to the official intro, users without a tech background can transform fragmented collections into a structured personal knowledge base in about 5 minutes, upgrading from "passive storage" to "active retrieval" and addressing the "digital dust" pain point caused by information overload. This skill has been simultaneously launched on the OpenClaw and NetEase Youdao LobsterAI skill markets. (Wide Angle Observation)

According to Mars Finance, Gate's market data shows that the Dow Jones opened up 4.69 points on April 27 (Monday), with a gain of 0.01%, sitting at 49,235.4 points; the S&P 500 opened down 11.1 points, a drop of 0.15%, at 7,153.98 points; the Nasdaq Composite opened down 70.5 points, falling 0.28%, at 24,766.1 points.

According to Mars Finance, on-chain analyst @ai_9684xtpa is monitoring that Galaxy Digital's OTC associated address (0x16F...1Fde) just deposited 15,000 ETH to the exchange, worth approximately $34.74 million. This capital originated from a withdrawal of 38,000 ETH from Aave a week ago, coinciding with the day Kelp DAO was attacked, raising suspicions of bad debt at Aave.

According to Mars Finance and reports from Jin10, Goldman Sachs economist David Mericle stated that the path for Kevin Warsh to take over as Fed Chair is becoming clear. However, he noted that leadership changes may not immediately shift the Fed's policy stance in the coming months. The new chair may not be able to push for rate cuts as aggressively as Powell, especially with the high uncertainty surrounding the Middle East conflict. Goldman Sachs still expects some easing policy before the end of the year, forecasting a 25 basis point rate cut from the Fed in September and December.

According to Mars Finance, The Block has announced the appointment of seasoned media and tech executive Steve Chung as CEO to drive the company's institutional expansion. At the same time, Foresight Ventures has committed an additional $10 million investment to support its next stage of growth. Former CEO Larry Cermak will continue to serve as president, focusing on research and product initiatives. Steve Chung's career began at Goldman Sachs, and he has held positions such as Chief Growth Officer at Fox, Chief Digital Officer at Fox Television, CEO of CJ ENM America, and COO of Azuki. He stated that he will leverage AI to enhance the depth, speed, and practicality of insights, transforming The Block into a global platform for digital asset investors and decision-makers. Foresight Ventures partner Zac Tsui remarked that Steve's background in capital markets, media, and the crypto space makes him the ideal leader to guide the company into becoming a global institutional platform.