On-Chain Data

Cryptocurrency market fund flows are diverging: Bitcoin, Ethereum, and Solana ETFs have seen outflows, while XRP bucked the trend by attracting a net inflow of $3.32 million. The analysis suggests that XRP is benefiting from the regulatory environment and its payment prospects, as institutional investors shift toward it to seek diversification and returns. XRP’s resilience could shape the market landscape going forward.

Gate News update. On April 8, according to data from analyst Darkfost, after news of a two-week ceasefire agreement between the United States and Iran was confirmed, within 2 hours Bitcoin saw $2.7 billion in aggressive buy volume (taker orders) in a certain CEX derivatives market. After geopolitical developments eased, the Bitcoin price rose to about $71,700.

The crypto market has seen a 23.11% increase in trading volume, with Bitcoin and Ethereum rising by 4.37% and 6.38%, respectively. Notable gainers include $CATX, $DOGO, and $PENGU, while DeFi and NFT sectors also grew significantly. Additionally, Morgan Stanley launched a BTC ETF, and FDIC proposed stablecoin regulation.

Since early February, AAVE exchange reserves have been rising, while whales have continued to sell down tokens, and market sentiment has leaned bearish. On-chain data shows that both whales and mid-sized holdings are selling off; the AAVE price fell to $85.05, then rebounded to $95. Going forward, the outlook will depend on market supply and demand and whale activity.

A cryptocurrency trader, Loracle, profited by about $2 million by shorting WTI crude oil perpetual futures during a sharp pullback in oil prices, and currently has more than $8 million in on-chain assets. This case shows how participants in the crypto market are extending on-chain derivatives strategies to trading in traditional assets. Trading activity on the Hyperliquid platform has been rising, reflecting a convergence trend between commodities and the crypto market.

As U.S.-Iran tensions ease, asset prices rebound. Some traders have predicted the market with pinpoint accuracy to profit from ceasefire gains, sparking discussion about insider trading. Although there is no evidence yet, frequent cases have challenged market fairness, and regulators have begun to pay attention. Polymarket has also updated its rules to strengthen market integrity. The industry faces a key question of balancing openness with compliance.

Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.

Gate News message, April 8, according to CryptoQuant data, the number of Bitcoin active addresses has fallen to the lowest level in 8 years. The data indicates that current market speculation activity has clearly decreased and may be in a potential long-term accumulation phase.

The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal. Ethereum holds 60% of the market share in stablecoins, which have seen a 150% increase in onchain value over the past three years, the firm r

The Ethereum network’s stablecoin on-chain value reaches $180 billion, accounting for 60% of the global market. Over the next four years, on-chain capital inflows are expected to reach $1.7 trillion; if Ethereum grows by 470%, there will be $850 billion in new funding before 2030. Major financial institutions have already launched tokenized funds, driving stablecoin supply to an all-time high.

Africa’s digital asset adoption is rapidly expanding as Ripple highlights rising usage, regulatory clarity, and growing institutional demand across key markets. Key Takeaways: Ripple highlights $205B+ in on-chain value, signaling massive capital inflows into Africa. 52% growth shows Africa

Gate News message: On April 8, according to @ai_9684xtpa monitoring, the WLFI strategic reserve address deposited 3 billion WLFI into Dolomite over the past 5 days, and lent out 50.44 million USD1 while putting USD1 on loan short. Currently, the borrowing interest rate on Dolomite is 30%, and it has already been fully borrowed out; liquidity shows as -232k USD1.

MicroStrategy has bought 94,470 bitcoins year-to-date, which is 2.2 times the new issuance over the same period. It warns that 2026 could be the last window in which bitcoin falls below $100k. This rate of supply absorption could further shrink the market’s available supply, strengthening bitcoin’s scarcity.

Gate News, a message from April 8: According to monitoring by Trader T, yesterday (April 7), Ethereum spot ETFs saw net outflows of $64.61 million. Among them, Fidelity FETH had outflows of $48.21 million, and BlackRock ETHA had outflows of $16.39 million; together, they accounted for all of the total outflow. The remaining institutions had no fund flows that day.

On April 7, Bitcoin spot ETF net outflows totaled $159.4 million. The main outflow managers included Fidelity, Grayscale, Ark, VanEck, and BlackRock. The only net inflow provider was Valkyrie, with inflows of $2.32 million.

A multisig wallet on a certain chain is purchasing SKY every hour via CoW Swap, with a planned total investment of 5,000,000 USDC units. Half has been executed so far, costing 2,431,000 USDC units.

Gate News message, whale address "0xaBb" purchased 2,521 ETH using $5.5 million USDC and supplied it into Aave V3. The whale currently holds 36,385 ETH valued at $81.24 million and has borrowed $41.8 million USDC. The address is 0xabbd5b2b0b034781e58434736728b9d0673de7f1.

At the XRP Tokyo Conference, Ripple predicts that global on-chain stablecoin transaction volume will exceed $33 trillion in 2026, while large investors continue to withdraw XRP from exchanges, pushing its holdings to a 10-month high. The market is watching regulatory developments, especially the impact of the “CLARITY Act.” In the short term, the XRP price is consolidating between $1.28 and $1.35; if it breaks above $1.35, it may see an upward move.

April 7, SOL spot ETF net outflows totaled $15.4020 million, including $13.3409 million outflows from the Bitwise Solana Staking ETF and $1.8222 million outflows from the Grayscale Solana Trust. Currently, the total net asset value of SOL spot ETFs is $776 million.

Gate News message. On April 8, according to on-chain analyst Yu Jin’s monitoring, a DeFi whale repaid a 4.14 million DAI loan on Spark about 9 hours before an Israel-Iran ceasefire proposal was agreed upon, then retrieved 264.4 WBTC worth of collateral and transferred it to a certain CEX to sell at a price of about $67,990 per WBTC, for a total value of approximately $17.98 million. Six hours later, the Israel-Iran ceasefire proposal was agreed upon; as a result, the BTC price rose 5%, causing the whale to miss out on about $1 million in potential gains.