Bitcoin ETFs recorded $186M inflows, signaling renewed institutional confidence despite mixed market sentiment.
Altcoins like PEPE (+9%) and PENGU (+7%) rallied, supported by rising Open Interest and whale accumulation trends.
Ether.fi deployed $3B ETH, marking a major step toward building a blockspace futures market on Ethereum.
Today, the crypto market showed mixed trends as Bitcoin ETFs saw $186 million in inflows while institutional investors resumed their crypto buying. Altcoins like PEPE and PENGU surged despite security issues and extensive ETH network usage.
PEPE gained around 9% as the broader crypto market recovers from risk-off sentiment after peace negotiations between US-Iran.
According to CoinGlass, PEPE futures Open Interest (OI) surged 20% in the past 24 hours, reaching $228.67 million. This suggests that traders are betting on PEPE’s price to increase in the near term.
Also, large wallets holding over 100 million PEPE tokens are rebuilding their positions. Santiment data shows that investors holding from 100 million to 1 billion PEPE tokens now collectively hold 10.64 trillion PEPE, up from 10.59 trillion on February 15.
The Relative Strength Index (RSI) stands at 62, suggesting moderate momentum with potential room for further upside.
On April 14, the USDT stablecoin issuer Tether acquired 951 BTC and transferred it to its dedicated reserve wallet.
According to Arkham Intelligence, the transfer was worth around $70 million at current prices.
After this purchase, the total holding for Tether reached 97,141 BTC, valued at $7.2 billion at an average price between $74,286-$74,720.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of $186.03 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $291.86 million, and the total historical net inflow of IBIT currently stands at 64.27B USD.
The second highest was Morgan Stanley's ETF MSBT, with a daily net inflow of $19.32 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of 47.35 million.
The total net asset value of Bitcoin Spot ETFs is $97.57 billion, with an ETF net asset ratio of 6.51%. The historical cumulative net inflow has reached 57.05 billion.
Also Read: Bitcoin Price Outlook: Bull Market Behavior Suggests $90K Level
According to Lionsgate Network, reportedly, US citizens are scammed by Iran-linked crypto scams that are using AI. The attack seeks to drain US bank accounts through digital assets to fund global conflicts.
According to Bezalel Eithan Raviv, CEO of Lionsgate Network, the volume of digital fraud in the US is alarming. Data reveals that Iran’s Revolutionary Guard (IRGC) controls a notable portion of illegal crypto-asset flows in the region.
This process, known as “pig butchering,” relies on a process of emotional manipulation lasting approximately two months. Attackers use trained bots to establish deep emotional bonds before suggesting investments in fake platforms.
Ether.fi is deploying $3 billion in ETH to lay the foundation of the first blockspace futures market on the Ethereum network.
Currently, ether.fi manages over 2.8 million staked ETH, consolidating its position as a systemic player whose liquidity will now back ETHGas’s High Performance Staking service.
This integration seeks to mitigate the uncertainty of the time-deferred spot auctions that currently govern network gas.
Also Read: Ethereum Sells 5,000 ETH: So Why Isn’t the Price Moving?
Pudgy Penguins launched the PenguBot AI crypto assistant, expanding its horizon from NFTs into consumer payments and fintech. It also launched the Pengu Card Visa debit with up to 12% cashback.
Pengu Card enables payment in over 25 cryptocurrencies at 150 million merchants, but token holders lack formal claims on revenue from toys or licensing.
Currently, PENGU trades in a consolidation range of $0.00720-$0.00785 with short-term bullish momentum, but overbought indicators signal increased risk of pullback.
1. Why did PEPE surge today?
PEPE rose ~9% due to a 20% jump in Open Interest to $228M and increased whale accumulation, signaling bullish trader positioning.
2. What does Bitcoin ETF inflow indicate?
The $186M inflow reflects growing institutional demand and confidence in Bitcoin’s long-term outlook.
3. Why is Tether buying Bitcoin important?
Tether’s purchase of 951 BTC (~$70M) strengthens its reserves and signals continued institutional accumulation.
4. What is Ether.fi’s $3B ETH deployment about?
Ether.fi is using $3B ETH to build a blockspace futures market, aiming to improve Ethereum gas pricing efficiency.
5. What risks are highlighted in the crypto market today?
Iran-linked AI scams and overbought signals in tokens like PENGU indicate rising security and short-term correction risks.
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