Odaily Planet Daily reported that on-chain analyst Yujin said Maji Dage (0x020...872) is holding an ETH long position valued at $29 million, with an unrealized profit of $2.14 million. The position was opened at $2,195; ETH is currently trading around $2,365 after rising 8% over the past 24 hours. Separately, the trader's cumulative losses on Hyperliquid total $26.4 million.

Bit Digital has stepped up its Ethereum staking activity. Data tracked by @lookonchain shows the firm staked about 29,900 ETH earlier today, valued at more than $65 million. Over the past week, total staking reached 73,234 ETH, worth close to $157 million. Bit Digital positions itself as a "Strategic Asset Company (SAC)" focused on active participation in Ethereum infrastructure.

NHN KCP, a South Korean payments services provider, said it will develop its own Layer 1 blockchain on Avalanche.

BlockBeats report: April 14 — The global oil crunch is set to enter a more acute stage as the final tankers that left the Strait of Hormuz before the Iran war began on February 28 start arriving at refineries worldwide in the coming days, after the United States formally imposed a maritime blockade on the strait on Monday. The Financial Times said the remaining pre-war cargoes are expected to reach Malaysia and Australia by April 20, while the last shipments bound for the U.S. are also due to dock before the end of this week. J.P. Morgan said Denmark received its final batch of aviation fuel from Kuwait over the weekend. Nick Dale, an analyst at Energy Aspects, said: "When all Asian purchases leave the Atlantic basin, the shock will reach the West one month later. Refineries in Europe and the U.S. will also be forced to cut production starting next month." Stress is already visible in physical markets. North Sea Forties crude jumped to nearly $149 a barrel on Monday, its highest level since just before the 2008 financial crisis, while Brent crude futures traded around $100 a barrel. JPMorgan analyst Natasha Kaneva said refiners in Europe and Asia are competing aggressively for the remaining cargoes, driving the premium of spot crude over futures to a record high. Energy Aspects estimates that average daily arrivals of Middle Eastern crude (excluding Iran) into Asia in the first two weeks of April fell to 4 million barrels, far below the normal 13.4 million barrels. TotalEnergies CEO Patrick Pouyanné warned on Monday that a blockade lasting more than three months would create "severe supply issues" for jet fuel, diesel and liquefied natural gas, potentially forcing rationing. Governments are already responding. The Philippines, which sources more than 95% of its oil from the Middle East, declared a national energy emergency after domestic gasoline prices doubled. Indonesia and Vietnam have told citizens to work from home. Australia has drawn on fuel reserves, cut fuel taxes and launched a National Fuel Security Plan. The United Nations Development Programme warned that up to 32.5 million people could be pushed into poverty by the combined impact of higher energy and food prices and an economic slowdown.

ChainCatcher cited Coinglass data showing that if Bitcoin (BTC) slides below $70,604, long liquidations on major centralized exchanges (CEXs) could total $2.108 billion. If BTC instead rallies above $77,964, short liquidations on major CEXs are estimated at $750 million.

Circle CEO Jeremy Allaire (@jerallaire) said the company does not freeze USDC unless it is tied to legal proceedings. The remarks follow backlash from parts of the crypto community after Circle did not freeze roughly $230 million in USDC linked to the widely publicized Drift Protocol exploit. Critics argue the episode puts Circle in a no-win position: freezing funds could have sparked renewed concerns about the stablecoin's permissioned controls.

The SEC on Monday unveiled a new, more accommodating policy governing DeFi interfaces, a move that was quickly welcomed by leaders across the crypto industry.

BIG: Strategy's $STRC set a new record with $1.1B in daily trading volume, a 46.5% jump from its previous high.

The U.S. Securities and Exchange Commission (SEC) issued interim guidance indicating that crypto user interfaces that help facilitate blockchain transactions are not automatically considered "brokers". SEC Commissioner Hester Peirce criticized the agency's fragmented approach and urged permanent rulemaking, warning that overly expansive broker definitions could chill innovation in the crypto sector.