CoreWeave, a publicly traded AI cloud infrastructure provider, announced a $6 billion deal with quantitative trading firm Jane Street to power its trading and research operations with CoreWeave’s AI-focused cloud compute. In a separate move, Jane Street bought $1 billion worth of CoreWeave Class A common stock at $109 per share. The news lifted CoreWeave’s stock modestly, with shares trading around $119.04 after the announcement and up about 1.5% for the session, according to Yahoo Finance.

The agreement arrives just days after CoreWeave revealed a partnership with Anthropic to run Claude AI models on its infrastructure, underscoring the company’s rapid pivot from crypto mining to high-performance AI compute.

CoreWeave’s strategic shift, which has positioned the company as a leading player in what Bernstein researchers describe as the “neocloud” — GPU-powered cloud services tailored for AI workloads — highlights how miners and crypto-focused operators are repurposing assets to tap growing demand for AI computing power in a climate of tightening crypto margins.

Key takeaways

• Jane Street’s $6 billion AI cloud agreement with CoreWeave signals robust demand for GPU-accelerated compute in quantitative trading and research.
• The $1 billion equity investment at $109 per share cements a long-term alliance and injects strategic capital into CoreWeave’s expansion.
• Market reaction was modest but positive, with CoreWeave’s shares rising about 1.5% to the low-$120s range after the news.
• The Anthropic deal, announced a week earlier, reinforces CoreWeave’s role as a preferred compute backbone for leading AI developers powering large language models like Claude.
• Analysts at Bernstein describe CoreWeave as a standout in the neocloud space, supported by a diversified revenue base and prominent AI model providers already using its platform.

Jane Street’s AI compute pact: scale, scope, and implications

At the core of the announcement is a multi-year, multi-facility arrangement in which Jane Street will leverage CoreWeave’s data-center footprint to run its trading and research workloads. The announcement notes that compute will be sourced from several CoreWeave facilities, illustrating a broad deployment rather than a single-site reliance. While terms other than the $6 billion compute commitment remain undisclosed, the scale signals Jane Street’s intent to anchor its research and execution capabilities in a GPU-optimized cloud environment tailored to AI and data-intensive tasks.

The arrangement aligns with a broader industry trend where quantitative trading desks increasingly seek cloud-native, GPU-accelerated infrastructure to run complex simulations, backtests, and AI-driven research. CoreWeave has positioned itself as a fit-for-purpose provider in this space, differentiating itself from traditional cloud players by focusing on high-performance GPU workloads that underpin modern AI and ML models.

According to CoreWeave’s own disclosure, the collaboration will leverage the company’s emerging neocloud framework, which Bernstein describes as GPU-driven cloud services built specifically to power AI workloads. This is a key element in understanding why major AI and finance players are gravitating toward CoreWeave: the underlying compute is designed for the heavy lifting demanded by model training, inference, and data-intensive research tasks.

Equity investment deepens the alliance

In conjunction with the compute deal, Jane Street also expanded its stake in CoreWeave by purchasing $1 billion of Class A common stock at $109 per share. The combination of a sizable equity investment and a long-term compute agreement not only strengthens Jane Street’s access to CoreWeave’s hardware and software stack but also signals confidence in CoreWeave’s ability to scale its AI cloud offerings across diverse customer segments.

Market observers will watch how this equity infusion influences CoreWeave’s capital structure and growth trajectory as it accelerates its data-center expansion and product development efforts. The immediate stock move—while modest—reflects investor recognition of a potentially meaningful shift in CoreWeave’s revenue mix toward AI compute contracts alongside on-demand services.

AI compute and the neocloud thesis

CoreWeave’s pivot from crypto mining to AI cloud computing began years before many peers embraced AI-centric infrastructure. Analysts from Bernstein have highlighted CoreWeave’s ahead-of-the-curve positioning in the “neocloud” segment, a term they use to describe GPUs-based cloud providers optimized for AI workloads. The firm’s assessment suggests that CoreWeave has developed a high-quality commercial base relative to competitors such as IREN and Nebius, with a diversified mix of contract-based and on-demand revenue streams.

Among the evidence cited by Bernstein is CoreWeave’s widespread adoption among leading AI model providers. The company has stated that nine of the top 10 AI model developers now leverage its platform, reflecting deep engagement across the AI ecosystem. This broad footprint helps explain the market’s receptivity to the Jane Street deal and the Anthropic partnership, collectively reinforcing CoreWeave’s central role in the AI compute market.

The Anthropic collaboration, announced just days before the Jane Street deal, positioned Claude AI, Anthropic’s flagship model, to run on CoreWeave’s infrastructure. That partnership mirrors a broader industry pattern: AI developers are seeking dependable, scalable compute backbones capable of handling the demanding workloads of large-language models as they scale commercially.

For observers, these developments highlight a meaningful shift in the capital allocation and strategic priorities of AI infrastructure players. CoreWeave’s ability to translate early-mover advantages in the neocloud niche into multi-faceted revenue streams — including long-term compute commitments and equity stakes from major customers — could help it navigate a competitive landscape that features both traditional cloud giants and specialized GPU-focused operators.

From crypto mining to AI compute: what changes, what remains uncertain

CoreWeave’s transformation reflects a broader trend in which crypto-mining infrastructure operators repurpose assets to support high-performance computing and AI workloads. The company’s narrative has shifted from crypto mining to AI compute leadership, a move that appears to be gaining traction given the scale of the deals and the caliber of customers joining its ecosystem. Earlier reporting in the industry has highlighted this transition as a strategic hedge against crypto market volatility and shrinking margins.

Industry observers have pointed to CoreWeave’s long-standing emphasis on GPU-accelerated workloads as a differentiator, positioning it to capture a growing share of enterprise AI compute demand. Bernstein’s analysis suggests that CoreWeave’s commercial machine stands out among neocloud peers, a dynamic that could sustain growth as AI adoption accelerates across finance, tech, and enterprise segments. Still, several uncertainties linger: how deeply CoreWeave’s reliance on marquee clients extends, how competition evolves among GPU-centric cloud providers, and how macro shifts in AI model licensing and deployment affect long-term demand for dedicated AI compute capacity.

For investors and builders, the key takeaway is that CoreWeave’s dual-track strategy — large-scale compute agreements with premier trading firms and strategic equity partnerships with those same customers — could yield a more resilient revenue base. The company’s continued expansion of data-center capacity, its ability to attract top AI developers, and its execution in the neocloud niche will be critical to watch as AI workloads continue to escalate in scale and sophistication.

What to watch next

Market participants will be watching how CoreWeave scales its data-center footprint to accommodate increasing demand from both financial services and AI developers. The pace of expansion, the retention of high-profile customers, and the company’s ability to maintain favorable terms across long-duration compute contracts will be important indicators of its trajectory. Additionally, any further partnerships in the AI space and potential updates on the rollout of Claude and other models on CoreWeave’s infrastructure will help clarify how the neocloud thesis plays out in practice. Investors should monitor regulatory developments around AI compute, potential shifts in cloud pricing, and how CoreWeave’s balance sheet evolves as it funds growth through both debt and equity financings.

Two suspects were arrested in San Francisco after allegedly firing at OpenAI CEO Sam Altman’s home early Sunday morning, the second attack on the property in three days, as federal and local prosecutors escalate charges against a separate suspect from an earlier Molotov cocktail incident.

OpenAI CEO Sam Altman’s San Francisco home was targeted for a second time in three days on April 13, when a Honda sedan carrying two people stopped outside the property on Lombard Street and a shot was allegedly fired from the passenger window. The San Francisco Police Department arrested Amanda Tom, 25, and Muhamad Tarik Hussein, 23, who were booked on charges of negligent discharge of a firearm. Three firearms were seized from their home following a warrant.

No injuries were reported in either incident.

The first attack occurred in the early hours of April 10, when 20-year-old Daniel Moreno-Gama, a Texas resident, allegedly threw a lit Molotov cocktail at the driveway gate of Altman’s home, setting it on fire. He then walked to OpenAI’s Mission Bay headquarters and struck the glass doors with a chair while threatening to “burn it down and kill anyone inside.” He was arrested at the scene.

The FBI described the first attack as “planned, targeted and extremely serious.” Federal and local prosecutors charged Moreno-Gama with attempted murder of both Altman and his security guard, attempted arson, possession of an unregistered firearm, and attempted destruction of property by means of explosives. The US Attorney for the Northern District of California said domestic terrorism charges may also follow.

Who Was Behind the First Attack

Moreno-Gama was found carrying a document that detailed his opposition to artificial intelligence and explicitly named Altman as a target. The manifesto stated his belief that AI posed a risk of human extinction and listed the names and addresses of multiple AI executives, board members, and investors. He had reportedly published similar views on a personal Substack prior to the attack.

His public defender said he appeared to have experienced an “acute mental health crisis.” Altman posted a photo of his family on his blog shortly after the first attack, writing that he “underestimated the power of words and narratives” and calling for de-escalation of AI-related rhetoric.

The Broader Pattern of Anti-AI Violence

The two incidents at Altman’s home are part of a wider pattern of hostility toward AI infrastructure. A city councilman in Indianapolis was shot at 13 times after voicing support for a data center project. A town near St. Louis voted out its entire incumbent council after approving a data center. Experts have drawn parallels to the Luddite backlash of the Second Industrial Revolution.

The attacks come as OpenAI sits at the center of a high-stakes race in enterprise AI, where it has been losing ground to Anthropic across key corporate accounts, while simultaneously finalizing an AI cybersecurity product for limited partner release. The company is valued at over $850 billion and is targeting an IPO this year.

“There is no place in our democracy for violence against anyone, regardless of the AI lab they work at or side of the debate they belong to,” OpenAI said in a statement following the first attack.

TLDR

• Bitdeer increased its self-mining hashrate to 70 EH/s in March 2026 and led peers by computing power.
• Bitdeer produced 661 self-mined bitcoins in March, marking a 480% increase from the previous year.
• The company expanded its total hashrate under management to 78.1 EH/s by the end of March.
• Bitdeer controls about 225,000 self-owned mining rigs out of 262,000 machines under management.
• The firm is scaling toward 3.0 gigawatts of global energy capacity across active and planned sites.

Bitdeer expanded its self-mining capacity to 70 EH/s in March 2026 and led global peers by compute power. The company produced 661 self-mined bitcoins during the month, marking a 480% increase year over year. It also increased total hashrate under management to 78.1 EH/s, while advancing its AI infrastructure business.

Bitdeer Expands Fleet and Energy Capacity

Bitdeer reported 661 self-mined bitcoins in March 2026, up 480% from last year. The company raised its self-mining hashrate to 70 EH/s during the month. It stated that this level made it the largest miner by computer power.

Earlier, Bitdeer reported 71 EH/s in total hashrate under management at year-end. At that time, its self-mining capacity stood at 55.2 EH/s. Now, the total managed hashrate has increased to 78.1 EH/s, including hosted machines.

The firm controls about 225,000 self-owned rigs out of 262,000 machines under management. It also continues expanding toward 3.0 gigawatts of global energy capacity. This figure includes both active operations and projects in the pipeline.

The global Bitcoin hashrate stands at about 855 EH/s, according to The Block data. Although the network recorded a quarterly decline, capacity remains elevated compared to past levels. Bitdeer increased deployed power even as network conditions shifted.

The company also advanced its AI Cloud operations during March. It reported AI Cloud utilization of 94%, up from 64% in February. Annual run rate for AI Cloud reached about $43 million, rising 105% month over month.

Matt Kong, Chief Business Officer, addressed the update. He said, “This momentum underscores both the scale of the market opportunity and our ability to execute effectively.” The company confirmed continued deployment of high-performance AI infrastructure.

Bitdeer continues introducing new mining hardware into its fleet. It finalized assembly plans for the SEALMINER A4 series, which reports efficiencies near 9.45 J/T. In February, it launched the SEALMINER DL1 Air series for Scrypt-based networks.

CleanSpark and Canaan Report March Output

CleanSpark produced 658 bitcoins in March and raised its year-to-date total to 1,799 BTC. The company reported an operating hashrate of 50 EH/s at month-end. It also recorded an average operating hashrate of 47.3 EH/s.

The firm deployed 224,473 mining machines across its portfolio. Its fleet achieved a peak efficiency of 16.07 J/Th. Management stated that the average monthly hashrate increased by 11% during the quarter.

CleanSpark controls more than 1.8 gigawatts of power, land, and data centers in the United States. Of that total, it currently utilizes 808 megawatts. CEO Matt Schultz confirmed expansion efforts into AI and high-performance computing.

He said the company is making “headway toward securing our first hyperscale customer.” The firm continues discussions with potential AI infrastructure clients. It maintains focus on both mining output and data center utilization.

Canaan reported production of 89 BTC in March. Its crypto holdings reached 1,808 BTC and 3,952 ETH at month-end. The company deployed 10.97 EH/s, excluding 4.4 EH/s from a joint venture.

Canaan purchased Cipher Mining’s 49% equity interest in three West Texas facilities in February. Its global installed power capacity reached 266.3 megawatts. Joint ventures contributed another 120 megawatts to total capacity.

CEO Nangeng Zhang commented on the update. He said, “We continued to grow our deployed hashrate and installed power capacity.” The company added over 10 megawatts during March.

Pi Network price is trading at $0.1672 on April 15, with the daily MACD histogram printing at exactly 0.0000 for the first time since the February all-time low, raising the question of whether the extended bearish phase that carried price from the $2.99 peak to the $0.1351 floor is finally losing its downward force.

Pi Network (PI) price is at $0.1672 on April 15, up 0.48% on the session, as the daily chart posts the first MACD histogram reading of exactly 0.0000 since the Feb. 11 all-time low at $0.1351. The flattening of the histogram at zero does not confirm a reversal on its own, but it marks the first session since the all-time low where the force of the downtrend has mathematically paused, occurring as price stabilizes directly above the annotated structural floor. The 24-hour volume stands at 14.7M PI, reflecting the consolidation conditions that have held since the bounce off the all-time low.

The full SMA ribbon remains bearish. SMA 20 at $0.1715, SMA 50 at $0.1852, SMA 100 at $0.1807, and SMA 200 at $0.2029 form sequential overhead resistance. None of the four averages have been reclaimed on a daily close since price broke below them in the fourth quarter of 2025. The key variable now is whether the MACD histogram moves from zero into positive territory, which would signal that momentum has shifted from deceleration to acceleration in the bull direction.

The MACD (12,26,9) on the Pi Network daily chart has printed a histogram reading of 0.0000 on April 15, with the MACD line at -0.0052 and the signal at -0.0052. Both lines remain below zero, confirming the macro trend is still bearish. The histogram reaching zero from below means the gap between the MACD and signal lines has collapsed to nothing, a necessary precondition before any bullish crossover can occur. In prior PI trading cycles, histogram readings approaching zero from the negative side have preceded short-term recoveries toward the nearest SMA resistance level.

The signal arrives at the most structurally significant level on the chart. The $0.1351 all-time low, set on Feb. 11, 2026, is the annotated support floor on the daily chart. It has held without a daily close below it since that date. Price bouncing repeatedly from this level while the MACD contracts toward zero describes the conditions for a potential base-building setup, conditional on the SMA 20 being reclaimed.

Pi Network completed its mainnet upgrade to Protocol v21 on April 14, introducing performance enhancements as the foundational step toward smart contract support via Protocol v23.0, scheduled for May 18. The v22.1 node upgrade deadline falls on April 22, the next milestone on the road to that smart contract launch.

Key Levels: Support, Resistance, and Price Targets

The $0.1351 all-time low is the structural floor. A daily close below it has not occurred since Feb. 11 and would expose uncharted territory with no prior chart reference below that level.

On the upside, the SMA 20 at $0.1715 is the immediate resistance and the first level a recovery must clear. A daily close above $0.1715 opens $0.20, which has capped multiple recovery attempts in 2026. The annotated horizontal resistance at $0.2804 is the extended bull case target if $0.20 is cleared and held on a daily close. The SMA 50 at $0.1852 sits between $0.1715 and $0.2804 and represents the midpoint resistance in any recovery sequence.

Invalidation: a daily close below $0.1351.

On-Chain and Market Data Context

Approximately 230 million PI tokens are scheduled to unlock over the next 30 days, adding consistent sell pressure to any technical recovery attempt. A single whale address has accumulated approximately 350 million PI, becoming the network’s sixth-largest holder, a signal of conviction accumulation at structural support even as the unlock schedule weighs on spot price.

Analyst @kwalaintel (40.2K followers on X) flagged that Pi faces “a major structural headwind” from daily token unlocks, identifying the supply and demand tension as the key variable that technical patterns alone cannot resolve. If the MACD histogram moves from zero into positive territory on a daily close, the SMA 20 at $0.1715 becomes the primary nearterm target, with $0.20 as the level that would confirm a sustained recovery attempt is underway.

TLDR

• Rakuten Wallet confirmed it will list Shiba Inu and support trading against the Japanese yen.
• The platform will allow users to buy Shiba Inu using Rakuten Points and Rakuten Cash.
• Shiba Inu will connect to more than five million merchant locations through Rakuten Pay.
• Rakuten Pay currently serves about 44 million users across Japan.
• Rakuten Wallet postponed the April 15 launch date and will announce a new schedule soon.

Shiba Inu (SHIB) is entering Japan’s retail payment space through Rakuten Wallet’s upcoming platform expansion. The company confirmed it will list the token and connect it to its payment network. However, the rollout has faced a delay, and Rakuten will confirm a new date.

Shiba Inu Listing Expands Access Across Rakuten Ecosystem

Rakuten Wallet announced it will list Shiba Inu alongside XRP and XLM. The exchange will enable SHIB trading against the Japanese yen. It will also integrate SHIB into Rakuten’s payment infrastructure.

The company stated that users can purchase SHIB with Rakuten Points and Rakuten Cash. This feature links the token to more than five million merchant locations nationwide. As a result, SHIB will function within Rakuten Pay’s retail system.

Rakuten Pay currently serves about 44 million registered users across Japan. Therefore, the listing will expose Shiba Inu to a broad consumer base. Shibizens, a Shiba Inu-focused X account, said the move marks “a direct entry into daily payments.”

Reports indicate that over $23 billion worth of Rakuten Points circulate within the loyalty network. Users will now earn and spend SHIB through this points ecosystem. Consequently, Rakuten connects digital assets with its established rewards infrastructure.

Market Reaction and XRP, XLM Pairings Confirmed

Rakuten Wallet confirmed that it will list XRP and XLM with SHIB. The platform plans to support trading pairs denominated in Japanese yen. However, the company postponed the initial April 15 launch date.

A community member known as Kuro shared the update on social media. Kuro stated that Rakuten Wallet will publish the revised schedule on its official website. Therefore, users must wait for confirmation before trading begins.

Ahead of the planned listing, Shiba Inu reached $0.000006 on April 14. At press time, SHIB traded at $0.0000005834, down 0.02% in 24 hours. The token also recorded a 2.42% weekly decline.

Despite the short-term dip, SHIB price trades above its 50-day moving average of $0.00000584. Analysts identified the $0.000006 to $0.0000062 range as immediate resistance. Price action near this zone reflects limited upward momentum.

Rakuten Wallet stated that it will announce the new listing date soon. Until then, SHIB remains available on other exchanges but awaits activation on Rakuten’s platform. The company will publish further updates through its official channels.

A conservative U.S. political action committee backed by the Solana Policy Institute — the Sentinel Action Fund — has committed to a massive advertising spend on the political opponent of former Senator Sherrod Brown, a Democrat and prominent crypto skeptic who is trying to return to Washington in this year’s Ohio Senate election.

Sentinel and its affiliated nonprofit, Right Vote, committed $8 million to Jon Husted, the Republican named to fill Vice President JD Vance’s seat, according to a Wednesday statement. The committee accused his opponent, Brown, who had been the chairman of the Senate Banking Committee prior to losing his seat in 2024, of having “stood in the way of pro-innovation policies when it comes to digital assets.”

The super PAC is partially funded by the Solana Institute and crypto venture firm Multicoin Capital, in addition to several high-profile financial figures such as Blackstone CEO Stephen Schwarzman, Ken Fisher of Fisher Investments, AQR Capital Management co-founder Cliff Asness and Paul Singer, the billionaire co-CEO of hedge fund Elliott Management who has a stake in Michael Saylor’s bitcoin behemoth, Strategy.

The leading donor to the PAC, though, is a nonprofit, Townsend Six Corp., which was established in late 2024 and backed by an $8 million contribution from an unidentified donor.

The Ohio election will be among the hotly contested Senate battles that decide the majority of that chamber for next year. While the lineup of open seats had been a difficult one for Democrats, the slip in Republican popularity during the administration of President Donald Trump has given Democrats a chance to retake that majority.

While polling last year had indicated that Husted had a strong lead over Brown, more recent polls have shown the race going neck and neck.

Sentinel joins the crypto industry’s leading PAC, Fairshake, and this month’s newly emerging Fellowship PAC, as entities supporting pro-digital assets candidates. When Brown was defeated in the 2024 elections, Fairshake had devoted $40 million to his opponent.

The Solana Policy Institute donated a total of $750,000 to the Sentinel Action Fund. The group, however, has split its party allegiances in its campaign spending. It gave $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims, according to Federal Election Commission records.

If Democrats win the Senate, House of Representatives or both, it could shift the course of crypto legislation, though the industry has amassed significant bipartisan support in Congress and is likely to add more names in the November midterm elections.

TLDR

• Charles Hoskinson questioned Bitcoin’s ability to protect legacy coins from future quantum threats.
• Adam Back defended ongoing post-quantum research and dismissed criticism as financially motivated.
• The debate focused on exposed public keys in early Bitcoin wallet addresses.
• Hoskinson said securing legacy coins may require a hard fork.
• Back described current quantum computers as theoretical and limited to laboratory experiments.

Charles Hoskinson challenged Bitcoin’s post-quantum roadmap after Adam Back defended current research efforts. Back rejected claims that developers ignore quantum threats and called such warnings financially driven. The exchange unfolded on X and centered on how Bitcoin would secure exposed legacy coins.

Back, who leads Blockstream, responded to rising concerns about quantum computing risks. He argued that critics spread fear to promote post-quantum startups and related stocks. He stated, “Mostly people with investments in PQ startups and stocks are those falsely claiming Bitcoin is doing nothing.”

Bitcoin Post-Quantum Strategy Faces Scrutiny

Back said current Cryptographically Relevant Quantum Computers remain theoretical and limited to laboratory settings. He described them as “blue sky research” still trapped in experiments. He contrasted that view with what he called the “actual fast pace of bitcoin PQ work.”

He maintained that developers continue to research quantum-resistant cryptography for Bitcoin. He argued that public criticism ignores ongoing technical discussions within the community. However, he did not outline a detailed timeline for deployment in his posts.

He also pushed back against claims that the network lacks preparation. He said critics become upset when confronted with technical realities. Therefore, he framed the debate as driven by misinformation rather than engineering gaps.

Hoskinson responded directly to Back’s comments on X. He focused on legacy wallet structures that expose public keys on-chain. He questioned how developers would secure those coins without a hard fork.

Cardano Founder Raises Legacy Coin Concerns

Hoskinson pointed to early Pay-to-PubKey and reused P2PKH addresses. These addresses reveal public keys directly on the blockchain. A powerful quantum computer could use Shor’s algorithm to derive private keys from those public keys.

He warned that attackers could target dormant holdings, including coins linked to Satoshi Nakamoto.

He wrote, “Not sure how you address the legacy coins without a hard fork.” He added, “But best of luck. We are all watching.”

His comments highlighted the complexity of altering Bitcoin’s base rules. A hard fork would require broad network agreement and coordinated upgrades. Such changes often create debate within decentralized communities.

Back did not directly address the hard fork scenario in his initial response. Instead, he reiterated that practical quantum threats remain distant. He maintained that Bitcoin research continues at a steady pace.

The discussion reflects ongoing technical disagreement between prominent industry figures. Both executives used X to state their positions publicly. As of the latest exchange, neither side announced new protocol changes or formal proposals.

TLDR

• BlackRock recorded $935 million in digital asset inflows during the first quarter of 2026.
• Market declines reduced BlackRock’s digital asset AUM by $18.7 billion in the same period.
• The firm ended the quarter with $60.7 billion in digital assets under management.
• Digital assets represented less than 0.5% of BlackRock’s total $13.9 trillion in AUM.
• BlackRock’s iShares Bitcoin Trust increased its holdings to 785,240 BTC by quarter’s end.

BlackRock released its first-quarter 2026 results on April 14 and reported mixed digital asset figures. The firm drew $935 million in digital asset inflows during the quarter. However, market declines reduced its digital asset AUM by $18.7 billion.

BlackRock Digital Asset Inflows Reach $935 Million

BlackRock recorded $935 million in net inflows into digital asset products during the first quarter. The company disclosed the figures in its quarterly earnings report. Finbold reviewed the report on April 15 and confirmed the data.

However, market losses erased $18.7 billion from BlackRock’s digital asset AUM during the same period. The firm also reported a $5 million foreign exchange impact loss. As a result, digital assets closed the quarter at $60.7 billion in total value.

Digital assets accounted for less than 0.5% of BlackRock’s $13.9 trillion in total AUM. The category generated $42 million in base fees during the quarter. This figure represented about 0.77% of $5.4 billion in total base fees.

Digital assets also contributed 0.63% of BlackRock’s $6.7 billion in total revenue intake. For the full year, digital assets brought in $32.3 billion of $744 billion in net inflows. This share represented 4.3% of total net new inflows.

IBIT Expands Bitcoin Holdings as ETHA Reduces Ethereum Exposure

BlackRock’s iShares Bitcoin Trust (IBIT) increased its Bitcoin holdings during the first quarter. The fund added nearly 15,000 Bitcoin to its portfolio. This move brought total holdings to 785,240 BTC by quarter end.

The company confirmed the updated holdings in its quarterly filing. The increase reflected continued capital allocation to Bitcoin exposure. However, the broader crypto market downturn affected asset valuations.

In contrast, BlackRock’s iShares Ethereum Trust (ETHA) reported lower Ethereum holdings in the quarter. The fund reduced its holdings by about 410,750 Ethereum. It closed the period with roughly 3.06 million ETH.

BlackRock continued to expand its digital asset offerings during the quarter. In March 2026, the firm launched the iShares Staked Ethereum Trust ETF (ETHB). The product combines spot Ethereum exposure with staking yield.

The company also filed for the iShares Bitcoin Premium Income ETF (BITA). The proposed fund seeks to generate yield through a covered call strategy. It plans to use options on existing IBIT holdings.

BlackRock operates under CEO Larry Fink. The firm confirmed its ongoing product development efforts in digital assets during the quarter. It ended the period with $60.7 billion in digital asset AUM.

The tone in bitcoin BTC$75,072.57 has been more positive of late, but the rally from the February lows has been rather meek, with any attempts to return to $80,000 quickly getting shot down.

U.S. stocks, though, continue their remarkable run in the face of the Iran war, with the Nasdaq gaining 1.6% for its 11th consecutive daily advance and closing at a new record high above 24,000. The S&P 500 added 0.8% and also touched a new record above 7,000.

Bitcoin made another push to break above $75,000 on Wednesday, but the move stalled once again at a threshold that has repeatedly capped gains in recent months.

Trading recently around $75,134, bitcoin was higher by 1.45% over the past 24 hours, according to CoinDesk data.

Crypto-linked stocks moved higher alongside the broader risk-on tone. Coinbase (COIN) rose 6.2%, Robinhood (HOOD) jumped more than 10%, and bitcoin treasury firm Strategy (MSTR) gained 4.4%.

While equities have fully recovered and pushed into new highs, bitcoin is still playing catch-up after its sharp February drop to $60,000.

“Since yesterday we’ve rejected from the top end of this two-month range,” said Jasper de Maere, trader at Wintermute. “It feels like the flow picture, which looked encouraging yesterday, is already being questioned.”

For now, he pointed to $72,000 as the key level to watch. Holding above it would keep the breakout narrative intact, allowing for further attempts at the range highs.

A break lower, however, could see bitcoin slip back into consolidation as volatility compresses, he added.

Bitcoin’s rally above $76,000 cooled on Tuesday as short-term holders started taking profits at the strongest pace seen in 2026, even as longer-term investors continued to accumulate. The dynamic—profit-taking from new entrants meeting persistent demand from whales—could influence BTC’s ability to push into the $80,000 zone in the near term.

Data from on-chain trackers show a contrasting pair of behaviors: fresh buyers and short-term traders trimming gains versus entrenched holders quietly adding to their stacks. The tug-of-war helps explain why Bitcoin has paused near a key resistance level while still showing underlying bid support from larger investors.

Key takeaways

• Short-term holders booked profits: Bitcoin in profit moved to exchanges reached 63,000 BTC on April 14, the highest in 2026, compared with a 44,800 BTC spike on January 14.
• Fresh supply to exchanges and local profit-taking: The 1 day-to-1 week cohort transferred roughly 2,000 BTC back to Binance while BTC hovered near $76,000, suggesting coins are rotating into sell-side liquidity at a key resistance level.
• Early-stage cooling signal from buyers: Crypto analyst Amr Taha described the move as the first clear wave of profit-taking after the retest of monthly highs, signaling a natural cooling of upside momentum.
• Whales step in as buyers of last resort: Inflow of about 71,000 BTC into accumulation addresses represented the largest bullish influx since early 2022, as large holders absorbed available supply from short-term sellers.
• Liquidation landscape hints at a near-term dip before a potential rebound: The market’s liquidity map shows a cluster of long liquidations around $73,000 (about $1.4 billion) and $70,500 (around $3.5 billion in long positions at risk), while a move toward $80,000 could expose roughly $2 billion in leveraged short bets.

Profit-taking versus whale-driven demand

On-chain analysis indicates a sharp contrast between the actions of newer market entrants and those of veteran holders. The surge in BTC moved to exchanges by short-term holders—63,000 BTC in profit on April 14—marks the highest such metric in 2026, following a notable spike of 44,800 BTC on January 14. This activity aligns with a broader pattern: investors new to the market take profits near obvious resistance, a tactic that can temper momentum in bear-market cycles.

Separately, the 1-day-to-1-week cohort reallocated nearly 2,000 BTC back to Binance during the same window, suggesting freshly acquired coins are being used to provision sell-side liquidity as BTC trades around the $76,000 mark. Crypto analyst Amr Taha framed this as the first clear wave of profit-taking after the retest of monthly highs, a signal that momentum may be cooling rather than reversing decisively.

Against this backdrop, a markedly different flow emerged from the so-called smart money. A tweet from market watcher CW highlighted a single-day inflow of more than 71,000 BTC into accumulation addresses—the largest bullish influx in years. This pattern implies that large holders are absorbing supply from the sellers, potentially stabilizing price action while preserving upside potential for longer-horizon players.

Liquidity pockets and near-term price dynamics

The price action around the $76,000 area has been telling. After forming equal highs near that level, BTC faced a rejection at the 100-day exponential moving average, marking the first test of this resistance since mid-January. The immediate result was a pullback toward the mid-$70s, with prices dipping to around $73,500 in the near term.

Looking at the intraday liquidity landscape, buyers’ interest appears to accumulate around $73,000 and $72,000 on shorter timeframes. This could generate bid activity that would help sustain a trend continuation, should the market find fresh thrust from stronger hands.

Another lens on the risk surface comes from liquidation maps. The current heatmap shows roughly $1.4 billion in cumulative long liquidations concentrated near $73,000, and about $3.5 billion worth of long positions at risk near $70,500. On the flip side, an ascent toward $80,000 would expose around $2 billion in leveraged short positions. The spread between these long- and short-side risk zones suggests the market could retest the lower end of the range before attempting a meaningful move higher.

For context, investors should also note related coverage on the broader macro and product side of the Bitcoin market. A separate Cointelegraph report this week highlighted inflows into Bitcoin exchange-traded products as Goldman Sachs reportedly filed for a BTC ETF, signaling continued institutional interest and potential long-term demand drivers for the asset class. Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF.

As observers weigh these flows, the critical question remains: will long-term holders’ accumulating pressure sustain a phase of consolidation, or can the market muster enough demand to push through the next major hurdle around $80,000? The answer may hinge on how new buyers balance the temptation to realize gains against the willingness of whales to absorb supply and push price higher in a market still grappling with macro uncertainty and evolving regulatory signals.

In the near term, traders should keep a close watch on how the price behaves around the $72,000–$73,000 range, where bid interest and on-chain liquidity could set the tone for the next move. Eyes also stay on broader market catalysts, including ETF-related flows and any shifts in risk sentiment that could tilt the balance between profit-taking and accumulation.

Related: Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF.

Bitcoin’s current dynamics illustrate a market that’s no longer dominated solely by momentum players. A growing chorus of long-term holders and institutions suggests that even as spot prices wobble around resistance, the supply-demand balance may remain tight enough to underpin a continuation of the bull narrative—albeit with increased volatility and intermittent retracements as traders calibrate risk and realize gains.