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Bitcoin Climbs to Four-Week High on Hopes of US-Iran Peace Talks
Bitcoin rose to its highest level in four weeks as risk assets rallied on hopes that the US can strike a deal with Iran to end their conflict.
The largest cryptocurrency climbed to $74,328, its highest since March 17. Smaller tokens also advanced, with Ether up 5% to $2,370.
The moves followed President Donald Trump’s claim that Iran had reached out to his administration for potential peace talks, even as the US began a naval blockade of the Strait of Hormuz. Asian stocks also climbed on optimism that a deal would help ease oil prices and boost economic growth.
Strategy Funds Entire $1 Billion Bitcoin Buy With Hybrid Securities
For the first time since launching its high-yield securities in July, Michael Saylor’s Strategy Inc. funded its latest $1 billion weekly Bitcoin purchase entirely through the sale of its “Stretch” perpetual preferred shares.
The tokens were acquired in the seven days ended April 12, the largest corporate holder of Bitcoin said in an US Securities and Exchange Commission filing on Monday.
Saylor, who started the Bitcoin treasury strategy in 2020, debuted the variable rate preferred issue last year in a $2.5 billion offering as the company co-founder and chairman sought to diversify funding sources. Strategy has raised tens of billions of dollars from selling common shares over the last several years to buy the digital currency.
Kraken Crypto Exchange Says Criminal Group Claims Access to Some Customer Data
Kraken, one of the world’s oldest crypto exchanges, said it’s being extorted by a criminal group that claims to have access to some client account information.
Client funds were never at risk, Nick Percoco, chief security officer for Kraken, said in a post on the X social network on Monday. The exchange didn’t say how much was being sought by the group.
Some limited client information — including names and addresses — may have been stolen when client support staffers took photos and videos of the data during two incidents, in 2025 and earlier this year, according to a person familiar with the matter who declined to be named because the details haven’t been made public. The company told about 2,000 clients who may have been affected to be careful with outreach to them, the person said.
South Korea penalizes Coinone with a $3.5M fine for AML lapses
The Korea Times, Chosun, and Yonhap News reported on Monday that the Financial Intelligence Unit (FIU) discovered roughly 70,000 instances where the exchange failed to verify user identities.
Investigators also found that Coinone processed over 10,000 transactions involving 16 unregistered foreign platforms, allegedly ignoring multiple prior warnings from the authorities.
Beyond the identity lapses, the FIU accused the exchange of bypassing due diligence by marking customer profiles as complete even when vital data was missing and allowing unverified users to continue trading.
Bitcoin Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Monday was $291.11 million. The total net asset value of Bitcoin spot ETFs is $94.51 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.45%.
The Bitcoin spot ETF with the highest net inflow on April 13 was iShares Bitcoin Trust (IBIT), with a net inflow of $34.7 million, according to SoSoValue.
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