Weekly Crypto Break April 10
Weekly Newsletter
5 min read time
|Updated: 2026-04-10
This week, the
crypto market was shaped by a busy agenda where institutional capital actions, regulatory and reputation-driven debates, and operational risks moved to the forefront. On the institutional side, BitMine’s move to the NYSE and its expanded share repurchase program drew attention, while first-day flows into Morgan Stanley’s spot Bitcoin ETF were closely watched as a signal of institutional demand. From a broader market perspective, public disputes among major industry figures and claims around crypto-based payments tied to geopolitical developments stayed on the radar. Operationally, a court process linked to an exchange distribution error and a low-probability solo mining block win brought the market’s infrastructure and process dimension back into focus.
BitMine Uplists to the NYSE as Share Buyback Program Expands to 4 Billion USD
Known for its
Ethereum treasury approach, BitMine Immersion Technologies announced that it has moved from NYSE American to the New York Stock Exchange (NYSE), with its shares now trading on the NYSE under the ticker BMNR.
The company also said its board has expanded the share repurchase program launched in July 2025 from 1 billion USD to 4 billion USD, including shares already repurchased.
Why it matters An NYSE uplifting can improve access to a broader investor base and deeper pools of capital. The larger buyback authorization also reinforces BitMine’s message around capital allocation discipline and shareholder-focused strategy.
Morgan Stanley’s Spot Bitcoin ETF Sees 30.6 Million USD in Net Inflows on Day One
Morgan Stanley’s spot Bitcoin ETF,
Morgan Stanley Bitcoin Trust (MSBT), recorded 30.6 million USD in net inflows on its first trading day. The fund’s trading volume for the day was reported at roughly 34 million USD, and it held 444.4 BTC by the end of the first session.
MSBT is positioned with a relatively lower fee compared with similar products, and its first-day inflows were reported to rank second only to BlackRock’s ETF.
Why it matters
The launch suggests there is still room for demand even for late entrants in the
spot Bitcoin ETF market. It was also noted that outflows from some other ETFs on the same day pushed the overall daily aggregate flow into negative territory.
BlackRock’s Bitcoin ETF logs 269.3 million USD in net inflows
BlackRock’s iShares Bitcoin Trust (IBIT) recorded 269.3 million USD in net inflows on Thursday, marking its strongest day in five weeks. Total net flows across US spot Bitcoin ETFs were reported at 358.1 million USD, ending a two day streak of aggregate outflows.
Among other products, Fidelity’s FBTC saw 53.3 million USD in net inflows, while Morgan Stanley’s newly launched MSBT posted 14.9 million USD on its second trading day.
Why it matters
Spot ETF flows remain a key demand signal for Bitcoin. A strong IBIT inflow day suggests institutional activity can remain resilient on the flow side even amid choppy market conditions.
Iran Reportedly Seeks Crypto Payments for Strait of Hormuz Tanker Toll
According to reports, Iran is seeking to charge oil tankers transiting the Strait of Hormuz at a toll of roughly 1 USD per barrel, and is requesting payment in
cryptocurrency in some cases. Some reporting also suggests the payment request may include alternatives such as crypto or the Chinese yuan. For fully loaded tankers, the total fee could reach millions of dollars, while empty tankers are said to be exempt under certain frameworks.
The approach is viewed as an attempt to reduce reliance on dollar-based financial rails and establish a more sanctions-resilient collection mechanism.
Why it matters The appearance of “crypto for payment” in a strategically critical energy corridor like Hormuz offers a notable case study for how crypto could be positioned in geopolitical and commercial settlement scenarios. At the same time, it raises renewed focus on compliance, sanctions exposure, operational execution, and auditability considerations.
Solo Bitcoin Miner Beats Extremely Low Odds to Win a 222,000 USD Block Reward
A solo Bitcoin miner found block 944,306 and earned a total block reward of 3.128 BTC (approximately 222,000 USD). Of this amount, 3.125 BTC came from the block subsidy, while 0.003 BTC was generated from transaction fees.
The miner reportedly achieved this with roughly 70 TH/s of hash power, effectively at a single-device scale. According to a CKpool developer, a miner of this size has roughly a 1 in 100,000 chance of finding a block on any given day, equivalent to an average of about once every 300 years.
Why it matters This case highlights the purely probability-driven nature of
Bitcoin mining rewards, where extremely low-probability outcomes can still occur in the short term. It also underscores that successful solo mining can capture the full reward, preserving an incentive dynamic for smaller-scale participants.
Bitcoin Price Chart
Bitcoin price posted a strong move this week, gaining approximately 8% on a weekly basis. It tested 72,700 USD during the week, while the weekly low was 66,500 USD. In this setup, 74,000 USD is being monitored as a key near-term threshold, given the historically high level of activity around that area.
On the ETF side, total net inflows of +531.0 million USD were recorded over the week.
Ethereum Price Chart
Ethereum price delivered a more moderate performance than Bitcoin this week, rising by approximately 6.6%. The weekly low was 2,024 USD, while the weekly high reached 2,250 USD. In this setup, the 2,250 USD area stands out as one of the key near-term levels being monitored.
On the ETF side, total net inflows of +122.1 million USD were recorded over the week.
2026-04-10Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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