A whale address group linked to #Matrixport has closed out all long positions across four wallets over the past two days, unwinding 1,500 BTC ($112.35M) and 120,000 ETH ($286M). Total realized profit: $59M. Wallets: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41 0x6C8512516Ce5669d35113A11Ca8B8DE322fD84F6 0xFd423284f6a9C73A2a3D53cAb8921D6533533d97 0xA875890465dA20062bCF3b024Bf7d54E69C725a8

April 16 — Apple says it has removed a scam app that posed as the Ledger Live self-custody wallet from the App Store. The takedown follows an on-chain probe cited by Finance Feeds showing more than 50 victims were drained of a combined $9.5 million in cryptocurrency over roughly a week. On-chain investigator ZachXBT previously reported the counterfeit Ledger Live app was available between April 7 and April 13, 2026. The stolen funds spanned multiple networks, including Bitcoin, Ethereum, Solana, Tron and Ripple.

Scott Bessent said Kevin Warsh is likely to be confirmed as the next chair of the Federal Reserve, pointing to support from Republicans ahead of Warsh's April 21 hearing.

The S&P 500 climbed above 7,000 to a fresh all-time high, marking the first time the index has crossed that threshold. The move added about $6 trillion in market capitalization over the past 12 trading days.

The S&P 500 closed at a record high as the U.S.'s ceasefire with Iran entered its second week.

U.S. stocks finished Wednesday, April 16, mixed, with the S&P 500 up 0.8% and the Nasdaq climbing 1.59%, both closing at record highs. The Dow Jones Industrial Average slipped 0.15%. Tesla (TSLA.O) surged 7.6%, Apple (AAPL.O) gained nearly 3%, and SanDisk (SNDK.O) dropped 5.5%. (Jinshi)

BlockBeats reported that on April 16, the S&P 500 set a new intraday high in Wednesday trading, marking its first fresh record since the Iran war broke out. Risk appetite improved as investors bet on a cooling of the conflict and looked for solid earnings to underpin equities. The move suggests markets are assigning a lower probability to near-term escalation, even as geopolitical risks remain. When fighting erupted last month, global stocks sold off sharply, oil markets saw historic dislocations, and inflation worries resurfaced alongside renewed uncertainty over the U.S. interest-rate outlook. Since the conflict began on February 28, the S&P 500 has at one point fallen as much as 9%, stopping short of a confirmed "technical correction," while both the Nasdaq and the Dow Jones have slipped into correction territory. Improving corporate earnings expectations have also helped stabilize sentiment. Senior executives at major banks said that despite the oil-price shock, U.S. consumers have held up well, and pipelines for mergers and acquisitions as well as IPOs remain strong. (Jin10)

Jonathan Gibbs, Riot Platforms' head of data centers, has left the company less than a year after taking the role, sending the stock down about 6% on the day, Odaily Planet Daily reported. Gibbs joined in 2025 to steer Riot' shift away from traditional Bitcoin mining toward AI and hyperscale data center operations. The company has not disclosed the reason for his departure. His unvested equity awards, valued at roughly $18.7 million, were forfeited. Riot has already begun executing its pivot. The company has partnered with AMD to develop data center capacity and started using its power resources to offer AI compute services, generating some early revenue contribution. To fund infrastructure spending, Riot also trimmed its Bitcoin reserves, selling about 3,778 BTC in the first quarter of 2026 for approximately $290 million. Investors see Riot at a key moment in a dual transition spanning mining and AI computing. While the leadership change could slow execution, the longer-term outlook hinges on whether the company can deliver on its data center strategy.

April 16 — On-chain analyst Yujin said Tether, the issuer of USDT, transferred 951 BTC (about $704.7 million) out of Bitfinex roughly three hours ago. The bitcoin was bought using 15% of Tether's Q1 profits and is typically withdrawn from Bitfinex a few days after each quarter ends. The receiving address now holds 97,141 BTC (around $7.2 billion), ranking as the fifth-largest bitcoin wallet. Based on the purchase price at the time of withdrawal, the average cost is about $51,312 per BTC, implying roughly $2.175 billion in unrealized gains.