A major whale has deposited an additional 26.3 million USDC to increase their ETH short position, currently with an unrealized loss of approximately $1.19 million.

Ethereum rebounds to $2,257 as network stablecoin supply surpasses $180 billion, setting a new all-time high

Fueled by a ceasefire agreement between the United States and Iran, the price of Ethereum rose by about 9% on Wednesday, reaching a new high in several weeks. At the same time, stablecoin supply hit a historical high, suggesting increased activity across the Ethereum ecosystem. Analysts believe this provides solid support for Ethereum, and investors should watch macro events and changes in technical indicators.

Price predictions 4/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA

Key points: Bitcoin rose above the $70,000 level on Monday, but analysts remain skeptical, expecting a drop below the $60,000 support. Several major altcoins have bounced off their supports, indicating demand at lower levels. Buyers pushed Bitcoin (BTC) above the $70,000 level, but

South Korea plans to regulate real-world assets and stablecoins, pushing for the legalization of digital assets

The Democratic Party of Korea plans to regulate tokenized real-world assets and stablecoins in the soon-to-be enacted “Framework Act on Digital Assets.” The proposal would require issuers to deposit assets with a trustee-managed trust institution, and classify stablecoins as a means of payment, subject to oversight by foreign exchange regulators. The bill bans earnings from idle stablecoins and calls for the development of interoperable technical standards, aiming to improve market transparency and safety. This marks an important step forward for South Korea’s digital asset regulation.

SEC report disclosure: In the Gary Gensler era, crypto cases “did not bring benefits to investors”

The U.S. Securities and Exchange Commission (SEC) acknowledged in its FY 2025 enforcement report that crypto registration cases under the leadership of the former chair did not effectively protect investors. The current chair, Paul Atkins, emphasized that the focus will be on fraud and market manipulation that directly affect investors’ interests, and has already withdrawn enforcement actions against several crypto companies, which is expected to improve the compliance environment for crypto businesses. This indicates that the SEC is re-evaluating its regulatory strategy, with an emphasis on market health and investor protection.

Huang Licheng recently added to his position by buying 300 ETH long contracts, and placed a take-profit sell order in the $2260–$2300 range.

Gate News message: On April 8, according to monitoring by Hyperinsight, Huang Licheng (nickname “Maji”) recently added to a leveraged ETH long position by 25x, about 300 ETH, bringing the total position size to $25.16 million. They also placed sell orders in the $2,260 to $2,300 range, planning to partially take profit of about $1.8 million of the position. During this round of the upswing, this address has accumulated profits of $1.5 million, with account funds increasing to $2.57 million; the current ETH liquidation price for their holdings is $2,066.

Biconomy and the Ethereum Foundation jointly launch the ERC-8211 standard, introducing a smart batch processing mechanism

Biconomy and the Ethereum Foundation launch the ERC-8211 smart batch processing standard to address static limitations in smart contract execution, support dynamic parameter adjustments, and enhance the execution capabilities of AI agents and complex DeFi workflows.