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India makes its first purchase of Iranian crude oil and LPG in seven years
India Buys Iran Oil for First Time in Seven Years
BlockBeats News, April 4th. The Indian Ministry of Petroleum announced on Saturday that Indian oil refineries have purchased Iranian crude oil amidst the turmoil in the Middle East disrupting the supply through the Strait of Hormuz. As the world's third-largest oil importer and consumer, India has not received any oil shipments from Tehran since May 2019 when it stopped buying Iranian oil under U.S. pressure, but the supply disruption caused by the US-Iran war has severely impacted India. Last month, the U.S. temporarily lifted sanctions on Iranian oil and petroleum products to ease the supply shortage. The Indian Ministry of Petroleum stated on social platform X: "Against the backdrop of disrupted supplies in the Middle East, Indian oil refineries have ensured their crude oil requirements, including supply from Iran, and there are no payment barriers for importing Iranian crude oil."
The ministry further stated that India has secured all its crude oil needs for the coming months, "India imports crude oil from over 40 countries, and companies can flexibly source crude oil from different origins and regions based on commercial considerations." India also bought 44,000 tons of Iranian liquefied petroleum gas, which was transported by a sanctioned vessel. The Ministry of Petroleum said the vessel docked at the western port of Mangalore on Wednesday and is currently unloading the fuel. (Golden Finance)
BlockBeats News, April 4th. The Indian Ministry of Petroleum announced on Saturday that Indian oil refineries have purchased Iranian crude oil amidst the turmoil in the Middle East disrupting the supply through the Strait of Hormuz. As the world's third-largest oil importer and consumer, India has not received any oil shipments from Tehran since May 2019 when it stopped buying Iranian oil under U.S. pressure, but the supply disruption caused by the US-Iran war has severely impacted India. Last month, the U.S. temporarily lifted sanctions on Iranian oil and petroleum products to ease the supply shortage. The Indian Ministry of Petroleum stated on social platform X: "Against the backdrop of disrupted supplies in the Middle East, Indian oil refineries have ensured their crude oil requirements, including supply from Iran, and there are no payment barriers for importing Iranian crude oil."
The ministry further stated that India has secured all its crude oil needs for the coming months, "India imports crude oil from over 40 countries, and companies can flexibly source crude oil from different origins and regions based on commercial considerations." India also bought 44,000 tons of Iranian liquefied petroleum gas, which was transported by a sanctioned vessel. The Ministry of Petroleum said the vessel docked at the western port of Mangalore on Wednesday and is currently unloading the fuel. (Golden Finance)
Data: Bitcoin whales and sharks saw an average daily loss of over 300 million US dollars in Q1, with total realized losses exceeding 30.9 billion US dollars for the year.
According to ChainCatcher, on-chain data from glassnode shows that Bitcoin holders with 100–1,000 coins (“sharks”) and those with 1,000–10,000 coins (“whales”) have been realizing average daily losses of approximately $188.5 million and $147.5 million respectively, totaling around $337 million. The cumulative realized losses so far this year have reached as high as $30.9 billion, approaching levels seen during the 2022 bear market.
Analysis indicates that the current selling pressure is driven by rising macro risks (such as inflation expectations and crowded AI trades) and weakening market confidence, with large holders accelerating stop-loss exits. Meanwhile, long-term holders (LTH) are still realizing average daily losses of about $200 million, indicating that the market has yet to show a clear “exhaustion of selling pressure.” Institutions believe that under multiple pressures, Bitcoin faces further downside risk, with some expecting the potential bottom range to be between $40,000 and $50,000.
According to ChainCatcher, on-chain data from glassnode shows that Bitcoin holders with 100–1,000 coins (“sharks”) and those with 1,000–10,000 coins (“whales”) have been realizing average daily losses of approximately $188.5 million and $147.5 million respectively, totaling around $337 million. The cumulative realized losses so far this year have reached as high as $30.9 billion, approaching levels seen during the 2022 bear market.
Analysis indicates that the current selling pressure is driven by rising macro risks (such as inflation expectations and crowded AI trades) and weakening market confidence, with large holders accelerating stop-loss exits. Meanwhile, long-term holders (LTH) are still realizing average daily losses of about $200 million, indicating that the market has yet to show a clear “exhaustion of selling pressure.” Institutions believe that under multiple pressures, Bitcoin faces further downside risk, with some expecting the potential bottom range to be between $40,000 and $50,000.
Hyperscale Data, a bitcoin treasury company, received a $26.6 million litigation settlement, increasing its holdings to approximately 633 bitcoin.
According to Odaily, US-listed Bitcoin treasury company Hyperscale Data announced that its subsidiaries Ault Lending LLC and RiskOn International have received approximately $26.6 million from the settlement of a multi-year lawsuit. The specific terms of the settlement agreement were not disclosed, but this cash inflow will further improve its liquidity.
In addition, according to the latest data disclosed by Hyperscale Data, the company's Bitcoin holdings have increased to 633.8609 BTC. This includes 586.6674 BTC held by its wholly-owned subsidiary Sentinum (of which about 440.2341 BTC were acquired on the open market and about 146.4333 BTC were obtained through its Bitcoin mining operations), as well as approximately 47.1935 BTC acquired on the open market by another subsidiary, ACG. (PRNewswire)
According to Odaily, US-listed Bitcoin treasury company Hyperscale Data announced that its subsidiaries Ault Lending LLC and RiskOn International have received approximately $26.6 million from the settlement of a multi-year lawsuit. The specific terms of the settlement agreement were not disclosed, but this cash inflow will further improve its liquidity.
In addition, according to the latest data disclosed by Hyperscale Data, the company's Bitcoin holdings have increased to 633.8609 BTC. This includes 586.6674 BTC held by its wholly-owned subsidiary Sentinum (of which about 440.2341 BTC were acquired on the open market and about 146.4333 BTC were obtained through its Bitcoin mining operations), as well as approximately 47.1935 BTC acquired on the open market by another subsidiary, ACG. (PRNewswire)
Tongwei signs a cooperation framework agreement with GBP Co., Ltd.
According to Golden Ten Data on April 4, Tongwei has recently officially signed a cooperation framework agreement with Japan's GBP Corporation. The two parties will carry out deeper communication and cooperation focused on the Japanese market, exploring diversified application scenarios for high-efficiency photovoltaic products in the region.
According to Golden Ten Data on April 4, Tongwei has recently officially signed a cooperation framework agreement with Japan's GBP Corporation. The two parties will carry out deeper communication and cooperation focused on the Japanese market, exploring diversified application scenarios for high-efficiency photovoltaic products in the region.
Ju.com "Second Round Meme Token Launch Plan" Phase 2: CWFC pre-sale funding exceeds $58.56 million, scheduled to go live at 8 PM tonight
According to ChainCatcher, the second round project CWFC closed its subscription at 16:00 on April 4 and will complete its TGE at 20:00 on April 4. More than 42,000 people participated in this round, with a total subscription amount of 58,563,157 USDT, representing an oversubscription of nearly 59 times. After settlement, the subscribed CWFC assets from this round will not be subject to any lock-up; assets will be delivered as spot and users can choose to sell or withdraw immediately.
According to ChainCatcher, the second round project CWFC closed its subscription at 16:00 on April 4 and will complete its TGE at 20:00 on April 4. More than 42,000 people participated in this round, with a total subscription amount of 58,563,157 USDT, representing an oversubscription of nearly 59 times. After settlement, the subscribed CWFC assets from this round will not be subject to any lock-up; assets will be delivered as spot and users can choose to sell or withdraw immediately.
Opinion: Bitcoin derivatives hedging demand reaches a historic extreme, signaling a contrarian long opportunity
According to Odaily, Matthew Sigel, Head of Research at VanEck, posted an analysis on the X platform, noting that current protective demand in the Bitcoin derivatives market has risen to the 99th historical percentile, which is typically seen as a “contrarian bullish signal” under conditions of extreme risk aversion, and judges that the market is currently suitable for establishing long positions.
The VanEck Digital Transformation ETF (NODE), which Matthew Sigel also manages, has risen 27% since its inception, while Bitcoin fell 33% over the same period. The ETF achieved lower volatility performance through diversified allocation and a focus on profitable sectors. However, he also warned that if companies' large capital expenditures in the field of artificial intelligence (AI) do not generate corresponding returns, this could pose substantial pressure on the market, especially against the backdrop of weightings concentrated in S&P 500 constituent stocks.
Note: Percentile is a concept of statistical position; the 99th percentile represents a relatively extreme level, and the 50th percentile represents the median level.
According to Odaily, Matthew Sigel, Head of Research at VanEck, posted an analysis on the X platform, noting that current protective demand in the Bitcoin derivatives market has risen to the 99th historical percentile, which is typically seen as a “contrarian bullish signal” under conditions of extreme risk aversion, and judges that the market is currently suitable for establishing long positions.
The VanEck Digital Transformation ETF (NODE), which Matthew Sigel also manages, has risen 27% since its inception, while Bitcoin fell 33% over the same period. The ETF achieved lower volatility performance through diversified allocation and a focus on profitable sectors. However, he also warned that if companies' large capital expenditures in the field of artificial intelligence (AI) do not generate corresponding returns, this could pose substantial pressure on the market, especially against the backdrop of weightings concentrated in S&P 500 constituent stocks.
Note: Percentile is a concept of statistical position; the 99th percentile represents a relatively extreme level, and the 50th percentile represents the median level.
If Tether's 500 billion USD valuation fundraising faces setbacks, the capital raising may be delayed
According to ChainCatcher, Tether is encouraging investors to participate in a new fundraising round at an estimated valuation of around $500 billion. If market demand does not meet expectations, the fundraising process may be postponed.
It is reported that the company has been exploring fundraising plans since last year, but some investors remain cautious about the valuation. If this valuation is reached, Tether's size will surpass most U.S. banks, second only to JPMorgan. Previously, the company discussed raising approximately $15 to $20 billion through private placements, but related plans remain uncertain.
According to ChainCatcher, Tether is encouraging investors to participate in a new fundraising round at an estimated valuation of around $500 billion. If market demand does not meet expectations, the fundraising process may be postponed.
It is reported that the company has been exploring fundraising plans since last year, but some investors remain cautious about the valuation. If this valuation is reached, Tether's size will surpass most U.S. banks, second only to JPMorgan. Previously, the company discussed raising approximately $15 to $20 billion through private placements, but related plans remain uncertain.