US President Trump: We are now conducting operations to clear the Strait of Hormuz. (Jinshi)

A correspondent for Iranian state television in Islamabad confirmed that the United States has agreed to unfreeze Iranian funds. (Jinshi)

US media reported that several US Navy ships passed through the Strait of Hormuz on the 11th, a move that was not coordinated with Iran and marked the first such passage since the outbreak of hostilities with Iran.

On April 11, U.S. officials announced that several U.S. Navy vessels traversed the Strait of Hormuz on Saturday. According to BlockBeats, the passage was conducted without coordination with Iranian authorities. The Strait of Hormuz is a strategic waterway, and such movements often draw international attention due to the geopolitical tensions in the region.

Key Takeaways Bitcoin breaks key bearish pattern, reclaiming $72K–$73K levels.Technical setup points to $80K–$87K upside range.Onchain resistance expected near $78K–$82K.Market sentiment improving, with rising odds of $80K in April. Bitcoin Breakout Signals Shift in Momentum Bitcoin has strengthened its bullish outlook after breaking above a previously forming bearish pennant pattern. The breakout above $70,000 was supported by rising trading volume, pushing BTC to above $73,000 and signaling renewed market conviction. Price has also reclaimed key technical levels: 20-day EMA50-day EMA200-week EMA This combination suggests a trend reversal in favor of bulls. Technical Structure Points to $80K–$87K Bitcoin is now forming a symmetrical triangle breakout, a pattern that often leads to strong directional moves. Based on technical projections: Short-term target: $75,000 (next resistance)Mid-range target: $80,000Extended target: ~$87,000 (measured move) Additionally, RSI divergence indicates building bullish momentum over the past two months. Onchain Data Highlights Key Resistance Zone Despite bullish momentum, onchain data suggests upside may face resistance: $78,000–$80,000: Short-term holder cost basis$82,000–$85,000: High supply zone (~1.3M BTC accumulated) According to Glassnode, this range could trigger selling pressure from investors exiting at breakeven. Supply Gap Supports Faster Price Movement Between $72,000 and $82,000, onchain data shows a relatively thin supply zone. This implies: Less resistance in the short termPotential for faster price movement upwardIncreased volatility if momentum continues Market Sentiment Turns More Bullish Prediction market data reflects improving sentiment: $80K target probability rising (~26%)Strong conviction for $75K (~76%)Declining expectations for downside scenarios This shift suggests traders are increasingly positioning for upside. Path to $80K Depends on Momentum Bitcoin’s path toward $80,000 in April depends on several factors: Bullish drivers: Sustained breakout above $73KContinued ETF and institutional inflowsStable macro conditions Risks: Rejection at $75K resistanceSelling pressure near $78K–$82KMacro volatility (inflation, geopolitics) Bitcoin is entering a critical phase where technical breakout, improving sentiment, and favorable onchain structure align. If momentum holds, $80,000 is a realistic near-term target, though strong resistance levels above may determine whether the rally extends further or stalls.

According to reports from Tasnim News Agency and other Iranian media outlets on the 11th, given the intensive consultations in Islamabad, the capital of Pakistan, the progress made at the meeting between the Iranian and Pakistani leaders, the restraint of Israeli attacks in Lebanon, and the US acceptance of the proposal to unfreeze Iranian assets, Iran and the US decided to initiate negotiations. Earlier, the White House denied claims that the US had agreed to unfreeze Iranian assets. (Xinhua)

Key Takeaways XRP shows oversold RSI at multi-month lows, historically linked to rebounds.Onchain data (MVRV Z-score) signals accumulation zone.Critical support lies at $1.25–$1.30.Upside targets range from $1.45 to $1.70+, if support holds. Technical Indicators Point to Possible Bottom XRP has been in a prolonged downtrend for roughly eight months, but key technical signals now suggest a potential reversal. The XRP/BTC relative strength index (RSI) has dropped to 24, marking its most oversold level since October 2025. Historically, similar RSI levels have preceded: 65% to 345% rallies against BitcoinStrong recovery phases following extended downtrends Historical Support Zone Holds Again XRP/BTC is currently trading within a long-term consolidation range that has previously acted as a launchpad for major rallies. Past examples: June 2025: Led to a 61% gain vs BTC and a 92% XRP price rallyMultiple previous cycles show this zone aligning with macro bottoms This reinforces the importance of the current price region. Onchain Data Signals Accumulation Phase Onchain metrics further support a bottoming narrative: MVRV Z-score near zero → indicates holders are near breakevenReduced selling pressureHistorically aligned with accumulation zones Previous instances (2021, 2022, 2024) saw similar conditions followed by strong rallies. Additionally: The 0.80 MVRV pricing band (~$1.14) aligns with recent lowsSuggests XRP may be undervalued at current levels Key Support Zone: $1.25–$1.30 The most critical level for XRP remains: Primary support: $1.25–$1.30Strong buyer concentration (~1.73B XRP accumulated here) If this zone holds: Short-term bounce toward $1.45 possibleBroader recovery toward $1.70+ remains in play Downside Risk if Support Breaks If XRP loses key support: Next support: $1.15 (near 200-week moving average)Breakdown scenario: potential drop toward $0.80 (~40% downside) This makes the current range a decisive battleground for bulls and bears. Recovery Depends on Holding Support XRP is showing early signs of a potential bottom, supported by both technical and onchain indicators. However, confirmation depends on: Holding the $1.25–$1.30 support zoneReclaiming higher resistance levelsBroader market conditions If these align, XRP could transition from consolidation into a new recovery phase, but failure to hold support would invalidate the bullish setup.

According to Lookonchain monitoring, a trader entered the market four months ago at a price of $38.68, using 5x leverage to go long on 1.38 million HYPE tokens, worth $58.4 million, making it the largest on-chain HYPE long position. The trader has now returned to profitability, and despite paying a $2 million funding fee, the unrealized profit still exceeds $5 million.

Key Takeaways Bitwise Asset Management files second amendment for Hyperliquid ETF.Proposed ticker BHYP and 0.67% fee signal potential near-term launch.Competing filings from Grayscale Investments and 21Shares.Hyperliquid ecosystem shows strong growth, with rising trading volume and token performance. Bitwise Updates Filing, Signals ETF Launch Readiness Bitwise Asset Management has taken another step toward launching a spot Hyperliquid ETF by submitting a second amended filing with the U.S. Securities and Exchange Commission. The updated filing includes: Proposed ticker: BHYPManagement fee: 0.67% According to Bloomberg ETF analyst Eric Balchunas, such details are typically added shortly before a product launch, indicating the ETF could go live soon. Race Intensifies for First Hyperliquid ETF Bitwise is competing with other asset managers seeking to launch the first ETF tied to Hyperliquid: Grayscale Investments21Shares Bitwise was the first to file in September, followed by 21Shares in October and Grayscale in March. If approved, the ETF is expected to trade on NYSE Arca, offering investors exposure to the spot price of Hyperliquid. Staking Feature Could Differentiate Product Earlier filings indicate that Bitwise’s ETF may include staking-based yield generation, a feature not explicitly outlined by competing issuers. This could provide: Additional returns beyond price exposureDifferentiation in a growing ETF marketIncreased appeal to yield-seeking investors Hyperliquid Ecosystem Gains Momentum The ETF push comes as Hyperliquid’s native token HYPE continues to gain traction: Up ~65% year-to-date in 2026Up ~180% over the past 12 monthsQ1 trading volume reached ~$492.7 billion The protocol is emerging as a major player in decentralized derivatives trading. Expanding Crypto ETF Market The potential launch of a Hyperliquid ETF reflects a broader expansion of crypto investment products beyond Bitcoin and Ethereum. Key implications: Increasing institutional access to alternative crypto assetsGrowing competition among ETF issuersInnovation in product structures, including staking yields If approved, the BHYP ETF could mark a new phase in crypto ETFs, bringing DeFi-linked assets into regulated investment vehicles.

Chainalysis senior intelligence analyst Kaitlin Martin said shipping companies using cryptocurrency to pay transit fees for shipments potentially destined for Iran could face serious sanctions risks. Martin told Cointelegraph that under the current sanctions framework, any payments to the Iranian regime, including those related to passage through the key waterway, could be interpreted as “material support,” putting companies at risk of violating U.S. and international restrictions. “Doing so could carry serious sanctions risks because the Iranian Revolutionary Guard is sanctioned by multiple jurisdictions, and Iran is also subject to comprehensive U.S. sanctions,” she said. Previous reports indicated that Iran might seek to collect transit fees in cryptocurrency. While not officially confirmed, U.S. President Donald Trump has stated that he will not accept any attempt by Tehran to impose tolls on shipments passing through this vital waterway. (Cointelegraph)

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This article will share my impressions from the scene, and I hope it will be helpful to all entrepreneurs in the AI ​​era who are either still observing or already on their journey.

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Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3023, providing you with the latest and fastest news on the digital currency and blockchain industry.