Crypto Market
Market Action
$BTC is still hovering around the $75,000 level. Whales have accumulated roughly 270,000 BTC over the past 30 days, marking the strongest buying spree since 2013. Technical traders are already eyeing the next major target around $92,000.
$ETH remains stuck in a high-volatility tug-of-war. If it breaks above $2,462, cumulative short liquidations across major CEXs could reach about $932 million; if it falls below $2,232, cumulative long liquidations could hit roughly $842 million.
Hot Topics
Altcoin momentum has fully kicked into gear. ORDI surged more than 190% in 24 hours and is up 4x over the past 3 days. SIREN briefly touched 2.27 USDT and gained over 150% in 24 hours, but on-chain data shows the market maker has re-accumulated more than 93% of the supply, making it look extremely manipulated.
Capital is still rotating into high-beta names. AXL rose over 37%, NEIRO jumped more than 48%, and PNUT, DYDX, and TST also posted sharp rebounds. It’s the classic setup: majors stay stable while money flows into smaller coins for upside.
Russian exchange Grinex was hit by a “large-scale cyberattack,” losing more than $15 million. The stolen funds were reportedly swapped into TRX and ETH to avoid being frozen. Security risks are clearly back in focus.
Charles Schwab announced it will open direct crypto trading to retail investors in the coming weeks, starting with BTC and ETH. Traditional brokerages are now embedding crypto directly into stock accounts, showing Wall Street is still racing to capture the user entry point.
Macro Markets
Equities
U.S. stocks closed slightly higher on April 16, with the Dow up 0.24%, the S&P 500 up 0.26%, and the Nasdaq up 0.36%. The S&P and Nasdaq have now posted gains for 12 straight sessions, showing risk appetite is still alive.
Crypto-related stocks were broadly strong as well. MARA gained more than 10%, MSTR rose 3.76%, and COIN added 2%. The crypto-equity linkage remains very clear.
Commodities
Gold is still holding near elevated levels, with spot gold trading around $4,799. Silver was up more than 0.5%.
Oil rebounded modestly, with WTI back near $93.47 and Brent approaching $99.84. Middle East risk premium has not fully faded, and energy remains one of the market’s biggest sentiment drivers.
AI Frontiers
Anthropic officially launched Claude Opus 4.7 yesterday, with stronger coding and long-horizon task performance as its main selling points. The release has generated a lot of buzz. The market is praising the performance, while also complaining that token consumption has become even more aggressive. AI competition is no longer just about who is smarter, but also about who is more expensive and who can better handle production workloads.
OpenAI just rolled out a major Codex update. Codex can now directly view your screen on Mac, click, type, and operate any application. Multiple agents can work in parallel, each with its own cursor, without interfering with what the user is doing. For developers, that means when iterating on front-end UI, testing apps, or using tools without APIs, there’s no need to manually take screenshots and explain everything anymore. The agent can just see the environment and handle it itself.
