EMPD News & Events

Thursday's session picks up where Wednesday's ceasefire rally left off, with bitcoin(BTC-USD)trading near $71,641 and sitting roughly $360 below the $72,000 level that CoinGlass estimates would trigger $2.5B in cascading short liquidations. The derivatives coil arrives as Wall Street's institutional infrastructure build-out accelerates: Morgan Stanley's(MS)spot bitcoin ETF reported first-day results and Bitmine Immersion Technologies(BMNR)is making its debut on the NYSE main board. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.MSBT LOGS $34M IN DAY-ONE INFLOWS AS WALL STREET'S BITCOIN EMBRACE HOLDS:, making it the first such product from a major Wall Street bank and the cheapest in the market at a 0.14% expense ratio.The broader spot bitcoin ETF complex saw $124.5M leave incumbent funds simultaneously, meaning MSBT attracted fresh capital as the cohort faced net outflows.Bloomberg's April 9 newsletterframes the institutional picture more broadly, noting that Wall Street's structural embrace of bitcoin remains intact even as speculative retail enthusiasm has cooled. The newsletter's framing carries weight for equity investors tracking crypto-adjacent names: sustained institutional demand at the infrastructure layer, custody, settlement, and ETF distribution, can support revenue lines at firms like Coinbase even during periods of subdued retail activity.BITMINE UPLISTS TO NYSE MAIN BOARD AND EXPANDS BUYBACK TO $4B:Bitmine Immersion Technologies, the ether(ETH-USD)treasury company chaired by Fundstrat's Tom Lee, began trading on the NYSE main board Thursday after transferring from NYSE American.According to a company release, the company simultaneously expanded its share repurchase authorization from $1B to $4B, described as one of the ten largest buyback programs announced in 2026 per Fundstrat, while holding approximately 4.803M ether, representing roughly 3.98% of total ether supply, with total crypto and cash holdings of $11.4B. The NYSE uplisting is being closely watched as a benchmark for whether an ether treasury strategy can attract mainstream institutional capital at the same scale that Strategy'sbitcoin model has for BTC-denominated proxies.DERIVATIVES COIL TIGHTENS; HYPERLIQUID OIL VOLUME TOPS BITCOIN FOR FIRST TIME:, bitcoin futures open interest climbed 7.01% in 24 hours to $52.04B with Binance leading at $8.73B, signaling that leverage is re-accumulating rapidly in the aftermath of Wednesday's $427M short squeeze. Ether futures open interest surged 11.93% in the same window to $31.62B, creating a fragile leverage stack with an estimated $810M in long liquidations clustered below $1,952, directly relevant to spot ether ETF AUM mechanics and Coinbase's derivatives revenue line.On Hyperliquid, combined WTI and Brent crude perpetuals hit $2.45B in 24-hour volume on Thursday, surpassing bitcoin perpetuals at $2.29B on that platform for the first time, a result reflecting macro traders routing commodity exposure through on-chain perpetual DEXs on a day when oil crashed more than 16% following the U.S.-Iran ceasefire, and positioning Hyperliquid's HYPE(HYPE-USD)token as a live barometer of traditional finance crossover demand for on-chain derivatives infrastructure.BITMEX REPORTS 500%+ SURGE IN TOKENIZED COMMODITY AND EQUITY PERPETUALS:shows that BitMEX's Q1 2026 derivatives report found that tokenized commodity perpetuals surged more than 500% quarter-over-quarter while tokenized equity perpetuals grew 900% to $4.9B in weekly volume, driven by traditional finance crossover demand for on-chain exposure to conventional asset classes. The data provides a quantitative frame for the structural shift that Hyperliquid's oil volume milestone illustrates: traditional financial instruments are migrating to on-chain perpetual venues at an accelerating rate, with direct competitive implications for centralized exchange operators like Coinbase and Bullish(BLSH).BITCOIN DEPOT DISCLOSES $3.6M HACK; BITCOIN BANCORP LAUNCHES CALIFORNIA ATM ROLLOUT:Bitcoin Depot(BTM), operator of approximately 25,000 bitcoin ATMs across North America,disclosed that attackers breached its IT systems on March 23, stealing 50.9 BTC worth approximately $3.665Mby compromising digital asset settlement account credentials before being locked out, at least the company's second known security event following a 2023 user data breach affecting 58,000 customers. The disclosure arrives on the same day that Bitcoin Bancorpannounced an expansion into the space. Bitcoin Bancorp, one of only three publicly traded bitcoin ATM operators and holder of foundational bitcoin ATM patents, launched the initial Southern California deployment of its licensed ATM network as the next phase of its national expansion strategy.SOLUNA COMMISSIONS 48MW PROJECT KATI; BITGO POWERS ANDX U.S. LAUNCH:Soluna Holdings(SLNH)reported that its Project Kati 1 K1A Galaxy facility, a 48 MW bitcoin hosting and mining site, was fully commissioned ahead of schedule in March, while the company is in active hyperscaler negotiations for the AI and HPC-focused Project Kati 2, with its total development pipeline now surpassing 4.3 gigawatts.According to a press release, BitGo(BTGO)announced its OCC-regulated Crypto-as-a-Service platform now underpins the U.S. launch of AndX, an AI-native Web3 trading platform, providing custody, compliance, and settlement infrastructure with $250M insurance coverage across all 50 states.GREENLANE HOLDS 32% OF BERA SUPPLY AND AUTHORIZES $2M BUYBACK:, Greenlane Holdings(GNLN)reported holding 77.9M BERA tokens, representing approximately 32% of the circulating supply of the Berachain native asset as of April 7, with 50M tokens deployed to validators to generate staking yield, while its board simultaneously authorized a new $2M common stock buyback. Greenlane's concentrated BERA position makes it one of the most direct public-market proxies for the Berachain ecosystem, and the buyback authorization mirrors the capital return discipline shown by Empery Digital(EMPD)the prior session, contrasting with the equity issuance posture of most smaller crypto-adjacent names.BITWISE LISTS HYPERLIQUID STAKING ETP IN FRANKFURT; BLACKROCK ETF WALLETS MOVE $49M TO COINBASE:, Bitwise launched the Bitwise Hyperliquid Staking ETP under the ticker symbol 'BHYP' on Deutsche Börse Xetra in Frankfurt, offering regulated access to the HYPE token with an expected net staking yield of approximately 1% and a total expense ratio of 0.85%, marking Bitwise's seventh staking ETP; on-chain data also shows a purchase of 67,648 HYPE tokens for approximately $2.6M by large wallets flagged byLookonchainWednesday, confirming active accumulation. Separately,Arkham Intelligence data showedBlackRock'sIBIT and ETHA ETF wallets transferred 416.65 BTC and 8,513 ETH, a combined value of approximately $49M, to Coinbase Prime during Wednesday's session, confirming that Coinbase's custody and settlement operations are handling significant flow mechanics on volatile sessions and supporting the revenue case for Coinbase independent of spot trading volumes.PRICE ACTION:As of time of writing, bitcoin was trading at $71,490.96, while ether was trading at $2,190.08,.

Wednesday's session is shaped by two converging forces: a geopolitical surprise that rewired overnight risk appetite, and an institutional landmark in digital asset access. The Trump-brokered U.S.-Iran ceasefire and the debut of the first bank-affiliated spot bitcoinETF in the U.S. arrived on the same morning, creating an unusually dense convergence of catalysts for crypto-linked equities. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.MORGAN STANLEY LAUNCHES SPOT BITCOIN ETF AT INDUSTRY-LOW 0.14% FEE:Morgan Stanley(MS)crossed an institutional threshold Wednesday, becoming the first U.S. bank-affiliated asset manager to offer a spot bitcoin ETF.According to a press release, the Morgan Stanley Bitcoin Trust, or MSBT, began trading today at a unitary fee of 0.14%, undercutting BlackRock'sIBIT at 0.25% and every other incumbent in the category. Coinbaseis named as bitcoin custodian and BNY(BK)handles cash, making both firms primary beneficiaries of AUM growth as Morgan Stanley's roughly 16,000-advisor distribution network channels client capital into the vehicle. Commentary in today's source material notes that Strategy's(MSTR)CEO projected up to $160B in potential flows through Morgan Stanley's $8T AUM network, a figure that, even partially realized, would represent a durable demand floor beneath the bitcoin price.The competitive fee dynamic carries clear equity implications: MSBT's debut intensifies pressure on existing ETF issuers' revenue per AUM dollar while expanding the addressable institutional pipeline. Strong first-session inflows could force fee compression responses from BlackRock, Fidelity, and other incumbents, with implications for Coinbase's custody revenue mix and the competitive structure of the bitcoin ETF market.CEASEFIRE DRIVES CRYPTO EQUITY SURGE AS INSIDER-TRADING FLAGS CLOUD THE RALLY:that bitcoin surged to an intraday peak of $72,738, a 4.9% gain, after President Trump announced a two-week ceasefire with Iran.Investopedia notedthat shares of Strategy, Coinbase, MARA Holdings, and Robinhoodall jumped in premarket trading alongside the move. Bitcoin opened Wednesday at $71,926, up 4.5% from Tuesday and crossing $70,000 for the first time since March 26, while etheradvanced 6.3%.The rally did not arrive without integrity questions.Bitcoin.com News reportedthat on-chain analysts flagged a cluster of newly created wallets with zero prior transaction history that turned approximately $10,000 into $154,000 or more bybetting on the ceasefire outcomeat 3–10% odds on Polymarket, with four suspected insider wallets netting a combined estimated $663,000 in profits. A separate whale on Hyperliquid placed a $60M 5x short on oil and a $16M 10x long on bitcoin hours before Trump's announcement, in tandem, earning roughly $5M in under two hours. No formal investigation has been announced and the allegations remain unconfirmed, but the short-covering cascade that followed cleared mechanical overhead: total cross-asset liquidations hit an estimated $403M to $427M in 24 hours, including a single-hour spike of $209M, leaving crypto-linked equity technicals in a more constructive posture.ETF INFLOWS ABSORB WHALE DISTRIBUTION AS BITCOIN FLOAT TIGHTENS:The ceasefire-driven advance is unfolding against a backdrop of significant large-holder supply movement. Source data indicates wallets holding 1,000 or more BTC sent approximately 42,000 BTC to exchanges in the first week of April, the highest seven-day whale exchange inflow since January 2026, concentrated in addresses that acquired bitcoin at $15,000–$35,000 in 2022–23 and are now booking multi-year gains. That distribution wave is being partially absorbed by institutional buying:Yahoo Finance reportedthat U.S. spot bitcoin ETFs recorded $471M in net inflows on April 6, their largest single-day haul since late February, with BlackRock's IBIT adding $181.9M on April 7. The net result is a tug-of-war between long-term holder profit-taking and fresh institutional demand arriving via ETF wrappers, a dynamic in which MSBT's debut opens a new absorption channel.BULLISH POSTS $60.4B IN MARCH VOLUME; MAWSON RECONSTITUTES BOARD UNDER ACTIVIST PRESSURE:Bullish(BLSH)disclosed two sets of March operating data Wednesday.According to a company press release, pure spot trading volume for March reached $52.9B, with BTC monthly average volatility at 48% and ETH at 46%. Aseparate SEC filingreported the regulatory aggregate, spot plus derivatives, at $60.4B, with BTC spot at $29.1B and ETH spot at $8.0B.In a separate governance development, Mawson Infrastructure Group(MIGI)disclosed a full governance overhaul Wednesday.According to an SEC filing, the company announced the complete reconstitution of its board of directors and the appointment of new executive leadership, including a new executive chairman, CEO, and COO, effective immediately following a cooperation agreement with the Endeavor Investor Group. The Endeavor-backed reconstitution signals an activist-driven push to sharpen capital deployment at a time when compressed mining margins are intensifying institutional pressure on operational efficiency across the sector.FORUM MARKETS PIVOTS TO NVIDIA GPU BRIDGE LOANS TOKENIZED ON ETHEREUM:Forum Markets(FRMM)filed multiple disclosures Wednesday revealing an operational pivot.According to an SEC filing, the company entered an arrangement to deploy capital into short-term NVIDIAGPU chip infrastructure bridge loans targeting annualized mid-teens returns, with a plan to tokenize a portion of each loan on Ethereum. The company also updated its at-the-market equity offering program through a Second Amended and Restated Sales Agreement with Clear Street and Texas Capital Securities,as disclosed in a separate SEC filing, with anaccompanying prospectus supplementamending its $500M ATM common stock program to reflect the updated agents.The GPU bridge loan strategy merges two dominant infrastructure themes, AI compute demand and on-chain issuance, into a single financing product. For equity investors, using Ethereum as a tokenization rail for each loan converts what would otherwise be a niche private credit strategy into a live proof-of-concept for real-world asset issuance on a public blockchain, squarely relevant to broader narratives around Coinbaseas a key Ethereum ecosystem gateway.EXODUS TREASURY REACHES 628 BTC WHILE SECURITIZE PUTS NASDAQ EQUITY ON-CHAIN:, Exodus Movement(EXOD)reported that its digital asset treasury held 628 bitcoin, 1,857 ether, and 17,541 solanaas of March 31, while monthly active users reached 1.5M despite an industry-wide decline in crypto trading volumes. The continued accumulation of BTC, ETH, and SOL during a period of market stress mirrors, at smaller scale, the approach taken by Strategy, positioning Exodus as a mid-tier multi-asset digital treasury proxy.In a separate on-chain securities development,according to a company press release, Securitize placed the ordinary shares of Currenc Grouponto a blockchain, enabling 24/7 trading, lower-cost transactions, and fractional ownership for the first time on a publicly listed equity, a working demonstration of the broader NYSE-Securitize tokenized securities platform under development. Separately,according to a company press release, Virtune AB listed the Virtune Coinbase 50 Index ETP on the Warsaw Stock Exchange, marking the first-ever crypto index ETP in Poland and extending the Coinbase brand's reach into Eastern European retail markets via a benchmark covering up to 50 crypto assets.EMPERY DIGITAL DISCLOSES $142M IN BUYBACKS, NYT NAMES BLOCKSTREAM'S ADAM BACK AS PROBABLE SATOSHI:, Empery Digital(EMPD)announced its 2026 Annual Meeting will be held on July 29, and disclosed it has repurchased 24.6M shares at an average of $5.77 under its $200M buyback program, implying approximately $142M deployed to date. The share repurchase disclosure stands in contrast to the ATM offering activity seen across much of the sector, signaling balance-sheet discipline at a firm whose core asset, bitcoin, is in the middle of a geopolitically charged repricing.On the speculative side,the New York Times published an investigative reportconcluding that Adam Back, CEO of Blockstream and the figure behind a pending Nasdaq de-SPAC vehicle called Bitcoin Standard Treasury Company, or BSTR, completing a merger with Cantor Equity Partners I, is the most probable identity behind Satoshi Nakamoto.BBC News reportedthat Back categorically denied the identification. The story carries limited near-term equity impact given the denial and the speculative nature of the claim, but sentiment around the pending BSTR public vehicle could be affected as the story circulates.PRICE ACTION:As of time of writing, bitcoin was trading at $71,121.37, while ether was trading at $2,204.10,according to price data from TipRanks.

Digital asset strategies are dominating Monday's tape, with a wave of SEC filings, exchange uplistings, and infrastructure pivots hitting simultaneously as bitcoin climbs toward $70,000 on Iran ceasefire optimism. Strategyremains the gravitational center of the bitcointreasury universe, but a growing field of smaller public companies is executing its own accumulation and pivot plays, from etherconcentration to solanastaking infrastructure and quantum-resistant protocol development. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.STRATEGY RESUMES BITCOIN BUYS DESPITE $14.46B UNREALIZED LOSS:Strategy returned to the bitcoin market after a one-week pause,, at an average price of roughly $67,718 per coin.: a $14.46B unrealized loss on digital assets, a $2.42B deferred tax benefit, and a $1.73B valuation allowance established against deferred tax assets. These are disclosures that equity analysts are expected to scrutinize ahead of the formal 10-Q. Strategy's total holdings now stand at 766,970 BTC, carried at $51.65B on the balance sheet against an aggregate cost basis of $58.02B, representing an average of $75,644 per coin. The company's ATM machinery continues to operate at scale, with preferred stock series STRC generating $227.3M in net proceeds over just two days at the end of March, and new $21B capacity facilities announced March 23 providing material forward purchasing power.Strivealso disclosed a bitcoin treasury of 13,741 BTC as of April 2, alongside $86.9M in cash and $50.5M in Strategy's STRC preferred stock, according to its SEC filing. Separately, Empery Digital, while retaining 2,989 BTC in treasury.BITMINE APPROACHES 4% OF ALL ETHER SUPPLY AHEAD OF NYSE UPLISTING:Bitmine Immersion Technologies, approximately $10.2B at current prices, representing 3.98% of total ETH supply and putting the company within striking distance of its stated 5% "Alchemy" target achieved in roughly nine months of accumulation. Total combined crypto, cash, and "moonshot" holdings stand at $11.4B, including $864M in cash. The company also received board approval to uplist from NYSE American to the NYSE, effective April 9, a market-structure catalyst that widens the eligible institutional investor base. Theinstitutional backing from ARK's Cathie Wood, Pantera, Founders Fund, Kraken, DCG, and Galaxy Digital.KEEL INFRASTRUCTURE DEBUTS AS FORMER BITFARMS PIVOTS TO AI:Former bitcoin miner Bitfarms began trading today under the new ticker Keel Infrastructureon both the Nasdaq and Toronto Stock Exchange, following its completion of a U.S. domiciliation from Canada to Delaware on a 1:1 share exchange of 602.9M shares,. The company has exited bitcoin mining entirely and is pivoting toward a 2.2-gigawatt pipeline of high-performance computing and artificial intelligence data center infrastructure, part of a broader sector trend also visible in MARA Holdings, which sold 15,133 BTC for approximately $1.1B in March at a $72,689 average to fund a similar compute pivot, the largest single-month corporate bitcoin sale on record.BROADRIDGE AND GALAXY DIGITAL TAKE TOKENIZED EQUITY GOVERNANCE ON-CHAIN:Broadridge Financial Solutions, with the platform currently processing $8T per month in tokenized assets. Galaxy Digital will be the first public company to use the platform for shareholder voting at its May annual meeting, a structural first for institutional digital asset governance that could accelerate adoption across custody, brokerage, and transfer agency workflows. For equity investors, Broadridge's position as a backbone provider of shareholder communications and proxy services gives it a direct monetization path as tokenized equities scale.SOL STRATEGIES BUILDS INSTITUTIONAL VALIDATOR MOMENTUM FOR SOLANA:SOL Strategiestokens, with its Orangefin validator network at 3.81M SOL under delegation. Balance, described as Canada's largest digital asset custodian, integrated the Orangefin validator for its institutional custody clients, citing the validator's 100% uptime record as a key qualification criterion. The company also confirmed new CEO Michael Hubbard and named Steve Ehrlich, co-founder of now-defunct exchange Voyager Digital, as Chief Strategy Officer, bringing direct brokerage and exchange credentials to the firm's institutional push.STABLECOIN, REAL WORLD ASSETS, AND SHELL PIVOTS MULTIPLY ACROSS EXCHANGES:Stablecoin Development Corp., formerly the pharmaceutical company NovaBay, began trading under its new ticker on NYSE American following a full business-model pivot,, native to the Sky/Maker protocol, representing 9.15% of total supply, with approximately 35.3M additional SKY earned via staking rewards through March 31. OFA Groupseparatelyfor a Long Island City, New York mixed-use real estate project, with a $15M technology fee covering smart contract deployment and digital asset registry infrastructure through its Hearth RWA platform. SMXannounced the launch of its Digital Material Passport Platform, enabling blockchain-backed traceability for physical materials including plastics, gold, and rare earth elements across global supply chains,.ProCap Financialalsothe completion of its acquisition of CFO Silvia, an artificial intelligence agent laboratory for finance with over $30B in assets under management on its platform, positioning the Anthony Pompliano-founded firm at the intersection of bitcoin treasury strategy and agentic finance automation.QUANTUM SECURITY BECOMES A CAPITAL ALLOCATION THEME FOR BITCOIN:MicroCloud Hologram, employing hybrid post-quantum cryptographic methods including CRYSTALS-Dilithium and SPHINCS+, targeting a phased soft-fork deployment. The capital commitment is notable relative to the company's approximately $390M in reported cash reserves, suggesting near-total resource allocation to the initiative. BTQ Technologiestook a complementary but distinct stance,establishing the first end-to-end physical cost estimate for using quantum hardware to mine bitcoin, concluding that quantum mining is economically untenable, a finding that reinforces BTQ's focus on its post-quantum signature architecture rather than hash-based compute.PRICE ACTION:As of time of writing, bitcoin was trading at $69,715.17, while ether was trading at $2,162.79,.

As of April 3, 2026, the Company has repurchased 24,640,671 shares of its common stock under its $200M share repurchase program, at an average purchase price per share of $5.77, including all fees and commissions. Following these repurchases, the current number of shares outstanding is 31,417,783, after giving effect to the potential exercise of 2,596,395 pre-funded warrants. During the week ending April 3, 2026, the Company sold 370 BTC for an average price of $66,632 per BTC, generating approximately $24.7M of gross proceeds. As of April 3, 2026, the Company held 2,989 BTC in its treasury.