Morgan Stanley’s ‘Monster’ Bitcoin ETF Goes Live Tomorrow

Morgan Stanley is set to launch its spot bitcoin exchange-traded product, the Morgan Stanley Bitcoin Trust (MBST), on April 8, according to a listing notice from NYSE Arca, shared by Eric Balchunas. Trading should begin on Wednesday, marking a major step for a U.S. bank entering the spot bitcoin ETF market with its own product.

MBST will trade under the ticker MSBT US and is structured as an exchange-traded product that holds bitcoin directly. The launch would position Morgan Stanley as the first major U.S. bank to issue a spot bitcoin ETF, rather than distribute products from external asset managers.

The fund enters a market that has seen rapid growth since the approval of spot…

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Altcoins Are Down 70%, But Data Says Watch The Action On Binance

Altcoin markets remain under heavy pressure, with many assets down 70–80%, but recent data shows a notable shift in where trading activity is flowing.

Trader Behavior Shift

According to data from CryptoQuant, altcoin inflows spiked to around 34,000 on Apr. 2, the highest in 2.5–3 months, but unusually, this surge was concentrated almost entirely on Binance rather than spread across multiple exchanges.

This concentration suggests a shift in trader behavior.

One key reason is Binance’s expansion into traditional finance (TradFi) futures, including contracts tied to commodities like oil, natural gas, gold, and silver.

As trading volume in these assets increases, it appears that some…

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Michael Saylor’s Strategy Posts $14.5B Unrealized Loss In Q1: What Is Going On? – Strategy (NASDAQ:MSTR)

The Q1 Loss

Strategy held more than $50 billion of cryptocurrency at quarter-end as Bitcoin tumbled more than 20% in Q1, the largest first-quarter drop since 2018.

The company adopted accounting standards last year requiring changes in Bitcoin holdings to flow through earnings, driving multibillion-dollar swings in results. 

Strategy reported a $2.42 billion deferred tax benefit in the quarter.

Strategy bought 4,871 Bitcoin from April 1-5 for $330 million at an average price of $67,700, funded through Class A common stock sales and Stretch preferred share sales.

The company has $2.25 billion in cash reserves, enough to cover interest and distributions for more than two years.

The Shrinking… Read more on Benzinga

Ripple Targets Africa’s $205 Billion Crypto Market But XRP Can’t Hold $1.30

Ripple is expanding into Africa’s $205 billion crypto market with RLUSD partnerships and custody solutions as XRP (CRYPTO: XRP) tests the $1.30 support that has held multiple times over the past two weeks.

The Africa Push

Sub-Saharan Africa received more than $205 billion in on-chain value between July 2024 and June 2025, a 52% year-over-year increase. 

Nigeria ranked 6th and Ethiopia 12th in the 2025 Global Crypto Adoption Index.

Ripple’s RLUSD stablecoin has seen strong demand across Africa through partnerships with Mercy Corps Ventures in Kenya for aid delivery, plus Chipper Cash, VALR, and Yellow Card for institutional access. 

Moreover, Absa Bank signed a strategic partnership for…

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Bitcoin ETF Inflows Hit $471 Million As Trump’s Iran Deadline Nears Expiry

The ETF Surge

The figure remains below January’s peak flow regime when multiple trading days topped $700 million.

The inflows come as Bitcoin continues stalling below $70,000, with weak spot demand and distribution by large holders capping upside. 

ETFs are increasingly offsetting that pressure, acting as the primary source of marginal buying.

The Iran Binary

Iran delivered its 10-point response to the U.S. peace plan. Key demands include guarantees Iran won’t be attacked again, permanent end to war, lifting of all U.S. sanctions, and opening the Strait of Hormuz in exchange—with a $2 million per ship fee split with Oman.

The White House holds its “no extension” posture, demanding…

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Bitcoin, Ethereum, XRP, Dogecoin Slide 2% Amid Ceasefire Hopes

Bitcoin is trading around $68,000 as liquidations stand at $162.5 million over the past 24 hours.  

Bitcoin ETFs saw $471.3 million in net inflows on Monday, while Ethereum ETFs reported $120.2 million in net inflows.  

Meme coin market capitalization is down by around 2% over the past 24 hours.

Trader Commentary: 

CryptosBatman notes that Bitcoin has broken out of a short-term bearish trend, but a previous support level has flipped into resistance, creating a key battleground between bulls and bears. The Fair Value Gap (FVG) below is now seen as the final support zone, making upcoming price action critical

Crypto Tony identifies the $2,075–$2,072 range as the next critical support,…

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Virtune AB (Publ) (“Virtune”) has completed the rebalancing for March 2026 of its Virtune Stablecoin Inde

Stockholm, April 7th, 2026 – Virtune today announces the completion of the rebalancing for the Virtune Stablecoin Index ETP (SE0026821282), listed on Nasdaq Stockholm, Nasdaq Helsinki and Xetra.

Index allocation as of March 30th (before rebalancing):Ethereum: 41.67%XRP: 23.99%Solana: 17.92%Chainlink: 6.69%Stellar: 6.59%Aave: 3.14%

Index allocation as of March 31st (after rebalancing):Ethereum: 41.43%XRP: 23.83%Solana: 18.57%Chainlink: 6.60%Stellar: 6.17%Aave: 3.40%

The index is rebalanced quarterly to reflect market changes and ensure it continues to represent the most relevant and qualitative crypto assets. The rebalancing adjusts the weighting based on market capitalization and may…

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Rwanda Reaffirms Crypto Ban After Bybit Adds Franc Support

Rwanda’s central bank has restated its prohibition on cryptocurrency activity involving the national currency after Bybit introduced support for the Rwandan franc on its peer-to-peer marketplace, prompting a swift regulatory response.

In a statement published Sunday, the Centrak Bank of Rwanda said crypto-assets are not authorized for payments, conversions involving the franc, or peer-to-peer trading under the current framework. The central bank warned residents against using such services, citing financial risks and the absence of legal protection in cases of loss.

The clarification followed an announcement from Bybit on Friday that users could buy and sell digital assets using the…

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Bitcoin, Ethereum, XRP, Dogecoin Gain Momentum On Renewed Ceasefire Hopes

Bitcoin trades below $70,000 amid hopes for a ceasefire in the U.S.-Iran war.

Notable Statistics:

Coinglass data shows 84,159 traders were liquidated in the past 24 hours for $330.88 million.

SoSoValue data shows net inflows of $8.99 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $71.2 million.

In the past 24 hours, top gainers include Morpho, Ethena and Bonk.

Notable Developments:

Trader Notes: Trader Castillo describes the current environment ascautiously neutral to mildly bullish, with expectations of short-term sideways price action rather than a sharp decline.

Despite some uncertainty, the broader outlook remains stable, with no strong signals…

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Demonstration Of “Attack Blocks” On Bitcoin’s Signet Test Network

In two days, on Wednesday April 7th, a handful of Bitcoin Core developers are going to be doing a demonstration of “attack blocks” designed to take an inordinate amount of time to verify on Signet.

The demonstration will take place at 10 AM EST (2 PM UTC). Anyone who wishes to participate can run Bitcoin Core node on Signet and watch the blocks be mined and processed by their node in real-time.

Instructions can be found here to spin up a node and follow along (including how to check your node’s logs to see the verification times for the attack blocks).

The demonstration is not going to show the worst case of the attack (the script and transaction structure required…

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