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Ethereum Foundation Sells 5,000 ETH for $10.2M in OTC Deal: Ethereum Foundation

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Ethereum Foundation Sells 5,000 ETH for $10.2M in OTC Deal: Ethereum Foundation

The Ethereum Foundation completed a $10.2 million over-the-counter sale of 5,000 ETH to BitMine at $2,042.96 per token as part of treasury management.

The Ethereum Foundation has completed an over-the-counter sale of 5,000 ETH to BitMine Immersion Technologies for $10.2 million, priced at $2,042.96 per token. The OTC transaction represents a strategic move by the foundation to manage its treasury and fund ongoing operations and ecosystem development initiatives.

The sale signals continued institutional engagement with Ethereum and the foundation’s active approach to treasury liquidity management. OTC deals of this scale are typically used to avoid market impact while securing capital for long-term protocol funding and ecosystem support.

Sources: Cointelegraph | KuCoin Insights | TokenPost | Our Crypto Talk | Coin Bureau

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This article was generated automatically by The Defiant’s AI news system from publicly available sources.

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Oklo (OKLO) Stock Climbs 7.2% Despite $50M Insider Share Dump

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OKLO Stock Card

Key Takeaways

  • Oklo (OKLO) shares advanced 7.2% Monday, finishing at $53.85 with approximately 8.29 million shares changing hands
  • Wall Street maintains a “Moderate Buy” consensus with an $84.30 average price target, despite recent downgrades from UBS, Citi, and B. Riley
  • The company’s Q4 earnings per share came in at −$0.27, falling short of analyst expectations of −$0.17
  • Company insiders offloaded more than 818,000 shares valued at approximately $50.9 million during the past quarter
  • The company plans to bring its inaugural Aurora reactor online in Idaho by 2027, projecting revenues of $36 million by 2028

Shares of Oklo (OKLO) surged 7.2% during Monday’s trading session, settling at $53.85. The stock peaked at $53.96 intraday, representing a solid gain from Friday’s closing price of $50.25. Approximately 8.29 million shares traded hands, falling roughly 17% short of the stock’s typical daily volume of 10 million.


OKLO Stock Card
Oklo Inc., OKLO

The upward movement occurs as nuclear energy equities maintain investor attention, fueled by escalating electricity demands from artificial intelligence operations and data center expansion.

Oklo’s current valuation stands at approximately $9.35 billion. The stock trades significantly below its 50-day moving average of $60.16 and its 200-day moving average of $89.90.

Wall Street Analysts Lower Price Expectations

Analyst sentiment toward Oklo has moderated somewhat over recent weeks. UBS slashed its price objective from $95 down to $60 while maintaining a “neutral” stance. Citi reduced its target from $95 to $73.50, also with a “neutral” rating. B. Riley lowered expectations from $129 to $92 while retaining a “buy” recommendation.

Cantor Fitzgerald maintained its “overweight” position with a $122 price objective. Wedbush similarly preserved its “outperform” assessment.

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The overall Wall Street consensus stands at “Moderate Buy” with an $84.30 average price target. While this remains substantially above current trading levels, analyst expectations have been trending downward.

Among 19 analysts tracking the stock, two assign a Strong Buy rating, nine recommend Buy, six suggest Hold, and two advise Sell.

Regarding financial performance, Oklo posted a quarterly loss of $0.27 per share, underperforming analyst projections of −$0.17 by $0.10. Wall Street forecasts a full-year loss of −$8.20 per share for the current fiscal year.

Company Executives Unload Significant Stock Holdings

Insider transactions have increased notably. CFO Richard Craig Bealmear divested 16,342 shares on April 1st at $51.08 per share, generating proceeds of approximately $834,749. This transaction decreased his holdings by about 4%.

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William Carroll Murphy Goodwin, another insider, sold 2,820 shares in March at $56.69 each, reducing his position by approximately 15%.

Collectively, company insiders have sold 818,766 shares valued at roughly $50.9 million throughout the previous quarter. Despite these sales, insiders maintain 18.9% ownership, while institutional investors control 85.03%.

Oklo’s Aurora microreactor technology delivers 1.5 MW of power independently and can expand to 75 MW per installation. The platform is designed for remote and off-grid applications, utilizing metallic uranium fuel capable of operating approximately ten years between refuelings.

The company currently generates minimal revenue. Its inaugural 75 MW Aurora Powerhouse reactor deployment in Idaho is scheduled for 2027. Additionally, Oklo secured a U.S. Department of Defense agreement to construct a reactor at Eielson Air Force Base in Alaska.

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Revenue projections show growth from less than $1 million in 2026 to $36 million by 2028.

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Why is Crypto Up? Ether, HYPE, and Solana Lead Following US Grand Deal

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🇮🇷

Why is crypto going up? Ethereum is about to tap $2,400, while Solana mirrors Bitcoin’s gain as it pushes toward $75,000 on the back of what analysts are calling the “US grand deal.” It’s a macro catalyst that may have more runway than most expect.

The rally is broad-based; Aave, HYPE, Ethereum, and Solana are all leading gains as risk appetite floods back into digital assets. Positive regulatory sentiment under the current US administration, combined with accelerating institutional inflows into ETH products, appears to be driving the move. Citi’s 12-month ETH target of $5,440 is suddenly getting attention again.

The question now is not why crypto is up, but how far it can run, and which assets offer the most asymmetric upside from here.

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Discover: The best pre-launch token sales

Why? Why is Crypto Going Up Today?

The Grand Deal. It is the macro layer that changes institutional math. It is maybe covering the peace deal on the US-Iran war, but it could also change the tailwinds on structured DeFi access, custody frameworks, and tokenized asset classification, and removing the compliance ambiguity that has been keeping institutional crypto allocations capped at exploratory positions.

The Grand Deal can also, in the end game passes key legislative hurdles, compliance teams greenlight expanded exposure, Bitcoin $75K becomes a structural target rather than a speculative one, and ETF inflow data confirms the repositioning over the following two to three weeks. Yes, when politicians stop thinking about war, they can start thinking about the Clarity Act more.

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For Altcoins like Solana, the picture is similarly constructive, SOL is tracking ETH’s momentum with the broader risk-on move, though specific technical levels remain in flux.

The macro tailwind, driven by the same geopolitical and trade deal sentiment that has lifted Bitcoin toward $75,000, provides a supportive floor for both assets.

Discover: The best crypto to diversify your portfolio with

LiquidChain Targets Early Mover Upside as Altcoins Test Key Levels

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Altcoins at the current price are already priced in a significant recovery. To 4x from here, big coins like Ether and SOL need to reach something beyond a multi-year horizon, but hardly the asymmetric bet it was in 2022. Early-stage infrastructure projects launching into a bull market tend to offer a different risk/reward profile entirely.

LiquidChain is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer — fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The core architecture includes a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once framework that lets developers reach all three ecosystems simultaneously without rebuilding protocol stacks.

The presale is currently priced at $0.01449, with more than $660K raised to date. The coin also offers 1600% APY staking bonus for new buyers.

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Research LiquidChain’s presale terms before the next pricing tier closes is worth the 10 minutes.

The post Why is Crypto Up? Ether, HYPE, and Solana Lead Following US Grand Deal appeared first on Cryptonews.

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Bitcoin holds steady above $74K as US blocks hormuz amid Iran talks

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BTC/USD 4H Chart

Key takeaways

  • BTC is approaching $75,000 after adding nearly 5% to its value since Monday.
  • The rally comes despite the ongoing crisis in the Middle East.

Bitcoin (BTC) has stabilized above $74,000 as of Tuesday’s press time, following a 5% rally the previous day. This price surge comes as the US enforces a blockade on the Strait of Hormuz during ongoing peace talks with Iran. US Vice President JD Vance hints at a grand deal in the works, demanding an end to Iran’s nuclear ambitions.

Market sentiment recovers with $500M in liquidations

The broader cryptocurrency market is seeing a recovery, with over $500 million in liquidations across the last 24 hours, primarily driven by short squeezes. Aave (AAVE), Algorand (ALGO), and Ethereum (ETH) are leading the charge in the market’s upward momentum.

As negotiations between the US and Iran progress, the US military has started blocking the Strait of Hormuz, halting the movement of transiting ships. Vice President JD Vance emphasized that the situation is now in Iran’s hands, with the primary focus of US talks being Iran’s nuclear material exit and halting uranium enrichment. Former President Donald Trump also commented that “the other side” has approached him for a deal.

The peace talks appear to be fueling a “risk-on” sentiment, especially in the cryptocurrency market. According to CoinGlass data, the last 24 hours saw $531 million in liquidations, with $426 million attributed to short liquidations. This massive short squeeze indicates a major bearish wipeout.

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Bitcoin is approaching key resistance levels

The BTC/USD 4-hour chart remains bearish and efficient despite the recent rally. Bitcoin remains in a neutral-to-bullish trend, holding above its 50-day Exponential Moving Average (EMA) at $71,019. However, it is still capped below the 100-day EMA at $75,309.

Immediate resistance lies near the 100-day EMA and the 23.6% Fibonacci retracement level at $75,623, from a previous downtrend spanning $126,199 to $60,000. A daily close above this range would signal potential upward movement, with the next target being the 200-day EMA at $82,936, followed by the 50% Fibonacci retracement at $93,099.

BTC/USD 4H Chart

Market momentum is favoring the bulls, with the Relative Strength Index (RSI) at around 62 and the Moving Average Convergence Divergence (MACD) in positive territory, both suggesting upward pressure is gaining traction.

On the downside, Bitcoin’s initial support is found at the 50-day EMA around $71,019. A break below this support could weaken the current bullish momentum and push the price lower, potentially testing the Fibonacci support level near $60,000.

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STRC trading surge drives record volume and signals largest bitcoin purchase since launch

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Strategy’s STRC maintains dividend at 11.5% after steady increases

Stretch (STRC), the perpetual preferred security sold by Strategy (MSTR) to fund its bitcoin purchases, posted record trading volume on Monday, funding the biggest single-day buying splurge through the company’s at-the-market (ATM) program.

The world’s largest publicly traded bitcoin holder is estimated to have added 7,800 BTC, according STRC.live, as STRC volume surged to $1.16 billion, more than four times the 30-day average of $278 million.

This comes after Strategy purchased $1 billion worth of bitcoin last week, funded entirely by STRC, which offers an 11.5% annual dividend, paid monthly in cash. The stock maintained its $100 par value throughout the entire trading session.

Historically, the trading day preceding the ex-dividend date, the cutoff date after which new buyers are no longer entitled to the next dividend payment, tends to see the highest trading volume. That’s Wednesday, so it’s possible trading on Tuesday may be even higher than Monday’s record.

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STRC now has a market capitalization of $6.4 billion, exceeding the combined market cap of the company’s other preferred securities, including STRD at $1.1 billion, STRK at $1 billion, and STRF at $1.2 billion, according to the MSTR dashboard.

The common stock rose 2.9% on Monday and was 3.7% higher in pre-market trading.

Read More: The one metric investors are overlooking in Michael Saylor’s Strategy

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Hyperliquid (HYPE) price continues to surge, targeting $50 Mark

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Toncoin (TON) price heavily oversold as Telegram introduces Vaults in TON Wallet

Key takeaways

  • Hyperliquid is up 8% in the last 24 hours, maintaining its position in the top 10.
  • The coin could rally towards the $50 psychological level if the bullish sentiment persists.

Hyperliquid (HYPE) continues its upward momentum, trading above $44 as of Tuesday after an 8% surge on the previous day. With strengthening on-chain data, favorable derivatives metrics, and technical analysis pointing to further gains, the outlook for HYPE remains bullish, with a target of $50 in sight.

Bullish Sentiment Backed by On-Chain and Derivatives Metrics

On-chain data from CryptoQuant suggests a strong buy-side dominance in both Hyperliquid’s spot and futures markets, with cooling conditions indicating a favorable environment for a potential price rise. The market shows mostly neutral conditions across other metrics, reinforcing the possibility of an upside move.

On the derivatives front, CoinGlass data reveals that HYPE’s futures Open Interest (OI) has surged to $1.96 billion on Tuesday, up from $1.5 billion on April 3. This steady rise in OI points to new capital entering the market, which could propel HYPE’s price higher. This is the highest level of futures OI seen since early November.

Moreover, CoinGlass’ long-to-short ratio for HYPE stands at 1.04, signaling a predominantly bullish sentiment in the market, as more traders expect the price to rally.

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Price Forecast: HYPE bulls target $50

The HYPE/USD 4-hour chart is extremely bullish and efficient. HYPE’s price has extended its gains, surpassing the March high of $43.75 and reaching above $44 on Tuesday. If the upward trend continues, HYPE could target the October 30 high of $50.15.

The Relative Strength Index (RSI) on the daily chart is currently at 69, indicating strong bullish momentum as it moves toward overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) indicator recently showed a bullish crossover on April 10, further supporting a positive outlook for HYPE.

Should HYPE experience a pullback, it could find support near the psychological $40 level. However, the prevailing market conditions suggest a strong potential for further upside, with $50 being the next major resistance.

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Lib Dems Urge FCA Probe into Farage Over Stack BTC Bitcoin Promotion

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Lib Dems Urge FCA Probe into Farage Over Stack BTC Bitcoin Promotion

UK Liberal Democrats have urged the Financial Conduct Authority (FCA) to investigate Nigel Farage’s ties to Bitcoin treasury company Stack BTC after it disclosed a 37 Bitcoin purchase and published promotional material featuring the Reform UK leader, who is also a shareholder.

In a letter to the FCA, Liberal Democrat deputy leader Daisy Cooper asked the regulator to investigate whether Farage breached market rules by appearing in a promotional video for Stack BTC while holding a financial stake in the company.

“The FCA must investigate whether Farage’s plans to cash in on Crypto could potentially amount to market abuse and a conflict of interest,” she wrote, adding that “we cannot allow political leaders to treat the financial markets like a personal piggy bank to potentially line their own pockets.”

Stack BTC said Monday that it purchased 37 Bitcoin (BTC) for roughly $2.7 million as part of its treasury strategy. In a video tied to the purchase, Farage said that a Bitcoin treasury company cannot exist without holding Bitcoin.

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The scrutiny adds to questions over the intersection of crypto and UK politics as Farage deepens his involvement with Stack BTC and lawmakers push for tighter rules on digital asset donations to political parties. An FCA spokesperson told Cointelegraph that they will “review the letter and respond directly.”

Cointelegraph reached out to Stack BTC for comment, but had not received a response by publication.

Related: UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

Farage deepens ties to Stack BTC

Farage, leader of Reform UK, has recently deepened his relationship with Stack BTC. In March, he disclosed a $286,000 equity investment in the company, acquiring a 6.31% stake in the company through his media vehicle Thorn In The Side.

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Stack BTC, chaired by former UK Chancellor Kwasi Kwarteng, holds over 68 BTC purchased at an average cost of $72,400 per coin, according to its website.

Cooper’s letter also references the record 9 million British pounds (about $12 million) donation to Reform UK from early crypto investor Christopher Harborne and Farage’s push for crypto-friendly policies.

“Taken together, these facts beg the question whether Mr Farage is promoting cryptocurrencies through his political platform in order to inflate crypto values for his own financial benefit, as well as that of his party and his inner circle of donors,” she wrote.

Source: Daisey Cooper

Related: UK lawmakers seek moratorium on crypto donations to political parties

UK moves to ban crypto political donations

Last month, the Rycroft Review recommended a moratorium on cryptocurrency donations to political parties, warning they could open the door to foreign financial interference in UK elections. The UK government moved forward with the proposal, with Prime Minister Keir Starmer stating the government will impose a temporary ban on crypto donations until stronger safeguards are in place.

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Several members of parliament, including the chair of the security committee, have been pushing for a full ban this year.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026