Crypto Data and Research Reports

What to know: Stablecoins are into their third phase of evolution - the institutionalization era - transitioning from crypto-native tools into core financial infrastrucutre. What began as a mechanism for trading and liquidity has evolved into a foundational layer for payments, cross-border

The essay discusses advancements in machine learning for Bitcoin transaction classification, highlights Zcash's increasing use of shielded transactions, and outlines the growth of decentralized liquidity in bypassing KYC. It also covers Zcash's post-quantum initiatives and its recent organizational restructuring.

2026-04-05 15:15 to 2026-04-05 15:30 (UTC), during this period ETH’s return within 15 minutes was +0.97%, the price range was 2040.32 to 2063.89 USDT, and the amplitude reached 1.15%. During this period, market attention increased, volatility clearly intensified, and short-term capital remained active, driving ETH slightly higher. The main drivers of this abnormal move are ETH’s net outflows from exchanges and the persistently high DeFi locked-in amount. According to on-chain data, the 24-hour net outflow amount reached -11,970.54 E

2026-04-05 15:15 to 15:30 (UTC), the BTC price fluctuated within the 66,938.9 to 67,529.9 USDT range, with a 15-minute return of +0.84% and a volatility (amplitude) of 0.88%. During the same period, market trading activity increased: the number of active on-chain addresses over 10 minutes reached 420,690, short-term buying sentiment improved, and attention to the market was boosted. The main drivers behind this move are persistent liquidity tightness in the spot and derivatives markets. Current trading volume is significantly lower than the range since the end of 2023, and the threshold for buy-side pressure to push prices higher has dropped markedly.

According to analysis, on April 5 an address received 30.99 million STO tokens worth $5.98 million, and then deposited 10 million tokens to a CEX, earning a profit of $207k. During the April 2 price peak, this batch of tokens was up by $52.33 million.

From 2026-04-05 12:30 to 12:45 (UTC), the ETH price range is 2022.11 to 2037.82 USDT. The 15-minute K-line return is -0.62%, and the amplitude is 0.77%. Against the backdrop of elevated on-chain activity, market attention has increased, volatility has picked up, and this reflects stronger short-term risk-averse sentiment. The main driver behind this unusual move is that large funds have continued flowing out of exchanges. Data shows that in the past 24 hours, ETH net outflows were as high as -11,970.54 coins, and in the $1M-$10M range, large net outflows were -5

Gate News message, April 5, MicroStrategy founder Michael Saylor once again posted a Bitcoin Tracker update. Based on historical data, Strategy disclosed information about increasing its Bitcoin holdings the day after the relevant message was released. According to CoinGecko data, as of April 5, MicroStrategy holds 528,185 BTC.

A six-month intelligence operation preceded the $270 million exploit of Drift Protocol and was carried out by a North Korean state-affiliated group, according to a detailed incident update published by the team earlier on Sunday. The attackers first made contact around fall 2025 at a major crypto c

DOGE active addresses jumped 28% in one week, showing growing network engagement. Price holds critical levels near $0.0912–$0.0928 despite minor dips. Breaking above $0.0930 could target $0.0950, $0.0980, and potentially $0.10. Dogecoin — DOGE, has shown interesting movements this week,

10x Research noted that over the past five years, Ethereum (ETH) has performed lackluster, with its price trading around $2,000, mainly due to weak on-chain activity leading to insufficient demand. After falling 57% from its 2025 peak, ETH’s current valuation remains low, while capital accumulation is still ongoing; USDT’s issuance has surpassed Tron, sparking discussion that ETH could become a leading beneficiary of stablecoin growth. Analysts are now re-evaluating ETH’s potential turning point.

Gate News message, April 5, according to DefiLlama data, despite cooling in the crypto market, the stablecoin market continues to grow rapidly. Over the past week, the total stablecoin market capitalization increased by 0.43%, and the circulating market cap reached $317.26B, hitting an all-time high. At the same time, USDT’s market share has continued to decline, falling below 60% and currently at 58.03%. Sky’s stablecoin USDS performed outstandingly: over the past week, its circulating market cap grew by 9.57%, currently at $8.92B, becoming the third-largest stablecoin by market cap.

Gate News message, April 5, on-chain data shows that an address deposited 1,856 ETH into a certain CEX about 45 minutes ago, worth approximately $3.78 million. The address has held ETH for two months, including 1,450 ETH that was withdrawn from an exchange on January 18 when the price was $3,339.38. If sold, it would incur a loss of $1.89 million, with assets shrinking by 39%.

On April 5, Glassnode data showed that in the first quarter, the “sharks” holding 100–1,000 BTC and the “giant whales” holding 1,000–10,000 BTC together incurred losses of about $337 million, with total losses of $30.9 billion year to date. Long-term holders are losing about $200 million per day on average, and the market expects Bitcoin’s potential bottom range to be between $40k and $50k.

Digital asset ETPs saw a peak of over $250B, ending 2025 with $184B AUM, mainly driven by Bitcoin products. The market is evolving, with over 125 new filings indicating a trend toward diversified asset offerings.

This essay discusses the inefficiencies of stablecoins, highlighting that 90% are unproductive and act as a hidden tax. It identifies a significant opportunity within DAO treasuries and DEX liquidity, as well as emerging solutions like HyENA and Solomon that aim to enhance yields for users.

Hong Kong Special Administrative Region Government Financial Secretary Paul Chan said that in March, the average daily trading value of the Hong Kong stock market exceeded HK$300 billion, up 8% year over year. This year, funds raised through IPOs have already exceeded HK$103 billion, the world’s No. 1, and companies collectively view Hong Kong as an important window for financing and for “going global.”

Riot Platforms’ Q1 2026 report shows that its Bitcoin holdings fell from 19,223 BTC to 15,680 BTC, mainly due to the sale of 3,778 BTC, generating nearly $290 million in proceeds. Although Bitcoin production declined slightly, its hash rate grew by 26%, and the average electricity cost fell to 3.0 cents per kWh. The company is transitioning into a large data center developer and is participating in multiple industry conferences to advance its capital planning.

Arkham Intelligence revealed that the largest Ethereum (ETH) holder is the ETH2 Beacon Deposit Contract, with over 82 million ETH. Vitalik Buterin is the second-largest individual holder with 224,000 ETH, while investor Rain Lohmus holds 250,000 ETH but cannot access it.

San Francisco, CA, February 26th, 2026, Chainwire SolanaCDN delivers 3.8x faster shred propagation through a global mesh of 35,000+ nodes, provided as a public good for the Solana network Pipe Network today announced the launch of SolanaCDN, a free, open-source Solana validator client with an