Empery Digital Inc., a Nasdaq-listed company, announced on April 6 the progress of its share buyback initiative. According to BlockBeats, as of April 3, 2026, the company has repurchased a total of 24,640,671 common shares under its $200 million buyback plan, with an average repurchase price of $5.77 per share. On the asset side, the company sold 370 Bitcoins during the week ending April 3, at an average price of $66,632, generating approximately $24.7 million. Empery Digital currently holds 2,989 Bitcoins in reserve. The company stated its intention to continue optimizing its capital structure through a buyback strategy below net asset value (NAV). It may also consider increasing credit financing or moderately reducing its Bitcoin holdings to support future buybacks. The goal is to enhance the "Bitcoin per share" metric and reduce the discount between the stock price and NAV.

South Korean payment and banking giant Toss is contemplating the development of its own blockchain network and the issuance of a native cryptocurrency. According to Odaily, the company is exploring the possibility of building on a Layer1 mainnet while also considering Layer2 expansion solutions. Insiders indicate that Toss has not yet finalized whether to adopt a Layer1 or Layer2 architecture. The decision is influenced by the progress of South Korea's Basic Act on Digital Assets, which aims to regulate key areas such as token issuance, stablecoins, and crypto ETFs.

According to data from msx.com, US stocks opened higher, with the three major indices rising. The Dow Jones Industrial Average fell 0.1%, the S&P 500 rose 0.09%, and the Nasdaq Composite rose 0.2%. Cryptocurrency stocks generally rose, with Circle up 2.16%, Coinbase up 2.13%, Robinhood up 1%, Bit Digital up 0.73%, and Strategy up 3.35%. msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stocks and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

On April 6, the U.S. stock market opened with mixed results. According to Jin10, the Dow Jones Industrial Average fell by 0.1%, while the S&P 500 Index rose by 0.09%, and the Nasdaq Composite Index increased by 0.2%. Netflix (NFLX.O) saw a significant rise of 2.7% after Goldman Sachs upgraded its rating from neutral to buy. Additionally, Seagate Technology (STX.O) experienced a substantial increase of 6.3% as Morgan Stanley added the stock to its preferred list.

South Korean payment and banking giant Toss has disclosed that it is considering developing its own blockchain network and issuing a native cryptocurrency, potentially based on a Layer 1 mainnet and exploring Layer 2 scaling solutions. Sources familiar with the matter say that Toss has not yet finalized its decision on whether to adopt a Layer 1 or Layer 2 architecture, and the decision is influenced by the progress of South Korea's Digital Assets Basic Law. This law will regulate key areas such as token issuance, stablecoins, and crypto ETFs. (The Block)

Key TakeawaysOnchain perp DEX volume fell to $699B in March, down from $1.36T peak in October 2025.Daily volume dropped to $8.4B, lowest since July 2025.Hyperliquid leads with $185.5B monthly volume (~34% share).Decline signals reduced speculative demand and leverage in crypto markets.Perpetual DEX Volumes Extend Multi-Month DeclineOnchain perpetual futures trading continues to weaken, with decentralized exchange (DEX) volumes declining for five consecutive months since peaking in late 2025.Data shows monthly perp DEX volume dropped to $699 billion in March 2026, nearly halving from the $1.36 trillion recorded in October 2025, according to DefiLlama.The decline has been consistent, with volumes trending lower through November and December before extending losses across Q1 2026.Daily Trading Activity Hits Multi-Month LowsThe slowdown is also visible in daily trading metrics.On April 4, perp DEX volume fell to $8.4 billion, marking the first sub-$10 billion reading since September 2025 and the lowest level since July 2025.Perpetual futures volumes are widely viewed as a proxy for speculative activity and leveraged positioning, suggesting a broader cooling in trader risk appetite.Trading Activity Concentrates Among Top PlatformsDespite the overall decline, activity remains heavily concentrated.Hyperliquid dominates the sector with $185.5 billion in 30-day volume, accounting for roughly 34% of total volume among leading platforms.Other major players include:edgeX: ~$73BAster: ~$68BLighter: ~$50BGrvt: ~$40BSmaller platforms recorded significantly lower activity, highlighting ongoing liquidity concentration in the sector.Cooling Follows Record Growth in 2025The decline comes after a period of rapid expansion.Perp DEXs generated $12.09 trillion in total volume in 2025, with approximately 65% of that activity occurring within the year. Monthly volumes averaged close to $1 trillion during Q4 2025, marking peak speculative engagement.

Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that it sold 370 bitcoins last week at an average price of $66,632, generating a total profit of approximately $24.7 million. Its total bitcoin holdings have fallen below the 3,000- bitcoin mark, dropping to 2,989. The company also disclosed that it has spent approximately $142 million to repurchase 24,640,671 shares of common stock and will continue to sell bitcoins as needed to fund future share buybacks and potentially repay some outstanding debt. (Businesswire)

Key TakeawaysStrategy bought 4,871 BTC for $329.9M at ~$67,718 per coin.Total holdings reach 766,970 BTC (~3.8% of supply).Average cost sits at $75,644, implying ~$5B unrealized loss.Purchases largely funded via STRC preferred stock sales.Strategy Continues Aggressive Bitcoin AccumulationStrategy has added another 4,871 Bitcoin to its balance sheet, reinforcing its position as the largest corporate holder of BTC.The latest purchase, valued at approximately $330 million, was executed at an average price of $67,718 per coin, according to a recent filing.This brings Strategy’s total Bitcoin holdings to 766,970 BTC, representing about 3.8% of the total circulating supply.Position Remains Underwater Despite Continued BuyingDespite ongoing accumulation, Strategy’s Bitcoin position remains below its average cost basis.The company has spent approximately $58.02 billion acquiring Bitcoin at an average price of $75,644. With Bitcoin currently trading near $69,000, the position reflects an unrealized loss of around $5 billion, or roughly 8%.However, Strategy has maintained its long-term accumulation strategy regardless of short-term price fluctuations.Funding Driven by Equity and Preferred Stock SalesThe latest purchases were primarily funded through capital markets activity.$227.3 million raised via STRC preferred stock$72 million from common stock salesThis approach allows Strategy to continue accumulating Bitcoin without directly liquidating existing assets.Institutional Accumulation Remains Key Market SupportStrategy remains one of the largest sources of institutional demand for Bitcoin.Alongside spot Bitcoin ETFs, which absorbed roughly 50,000 BTC in recent weeks, Strategy has contributed significantly to market absorption, accumulating around 44,000 BTC over a 30-day period.

Bitcoin has emerged as the leader in social dominance with a ranking of 31.55%. According to NS3.AI, Ethereum has taken the lead in AI search volume, accounting for 12%, surpassing Solana, which stands at 10%.

Wells Fargo has updated its forecast regarding the Federal Reserve's interest rate policy for 2026. According to Jin10, the bank now anticipates that the Fed will maintain its current interest rates throughout the year, contrary to its previous prediction of two rate cuts in 2026. This revision reflects a shift in expectations about the U.S. economic outlook and monetary policy strategy. The decision to hold rates steady suggests a more cautious approach by the Fed, potentially influenced by ongoing economic conditions and inflationary pressures. Wells Fargo's adjustment underscores the uncertainty surrounding future monetary policy decisions.

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