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4/2
01:46
Iranian Military Spokesperson: Larger, Broader, More Destructive Attacks Are Imminent
According to Iran's Tasnim News Agency: An Iranian military spokesperson stated that larger, broader, and more destructive attacks are imminent. The war will continue until "the enemy surrenders and permanently repents." (Jin10)
01:37
Drift Reveals Attack Details: Multi-Signature Compromised and Pre-Signed Transactions Used in Attack
Svmuu News Drift Protocol disclosed the execution process of this security incident, stating that the attack began with a test withdrawal transaction initiated from its insurance fund. Approximately one minute later, the attacker took over administrator permissions and executed subsequent operations through two pre-signed durable nonce transactions.
The project team indicated that this attack was caused by multiple factors, including the delayed execution capability of pre-signed transactions, and the compromise of multi-signature approval, which may be related to targeted social engineering attacks or transaction spoofing. Drift is currently collaborating with multiple security agencies to investigate the cause, and is working with cross-chain bridges, exchanges, and law enforcement to track and freeze the related funds. A detailed post-mortem report will be released subsequently.
01:30
Svmuu Noon News
1. ZachXBT once again criticized Circle for inaction in the Drift hack incident, allowing stolen funds to flow out of Solana via CCTP;
2. Polymarket's daily fee revenue surpasses $1 million;
3. 11 DeFi protocols affected by the Drift security incident, some have suspended core functions;
4. Cosine: Drift migrated its multi-signature wallet a week ago, the new multi-sig only requires a 2/5 signature threshold and has no timelock;
5. Funds in addresses linked to the Drift hacker originated from Backpack, potentially leaving KYC-related clues;
6. Genius Group liquidates entire Bitcoin holdings to repay $8.5 million debt;
7. Coinbase Chief Legal Officer: "Clarity Act" is "very close" to reaching an agreement on stablecoin revenue issues;
8. Yinchuan court mediates a virtual currency entrusted investment dispute, defendant returns the principal investment;
9. Polymarket probability for "SpaceX IPO by June 15th" rises to 52%, up 24% in 24 hours;
10. Account with over $1.7 million in profit purchases $160k on NBA regular season Spurs defeating Warriors.
01:25
Bitget has launched USDT-margined BZ, NATGAS, and PRL perpetual contracts
According to an official announcement, Bitget has announced the launch of USDT-margined BZ, NATGAS, and PRL perpetual contracts, with maximum leverage of 100x, 100x, and 20x respectively. Contract trading BOTs will be available simultaneously.
01:24
European stock index futures decline further expands
Svmuu News According to Gate data, Euro Stoxx 50 index futures extended losses to 2.0%, German DAX index futures fell 1.9%, and FTSE 100 index futures fell 0.8%. (Jin10)
01:13
Uniswap Founder: Must Stop Centralized Projects from Calling Themselves DeFi
Svmuu News Uniswap founder Hayden Adams posted on the X platform, stating that although he might be accused of schadenfreude, it is necessary to stop centralized projects from calling themselves DeFi. If an admin key can drain all funds, the project is CeFi. If no distinction is made, DeFi becomes meaningless and its brand will be damaged. No version of Uniswap has an admin key capable of draining funds.
01:07
Energy Intelligence Group Reporter: Under the most optimistic scenario, the Strait of Hormuz will remain closed until May.
Svmuu News According to Amena Bakr, a reporter from Energy Intelligence Group: Given the current situation, even under the most optimistic scenario, the Strait of Hormuz will remain closed until May. Please prepare for the impact. (Jin10)
01:02
UPBIT: Designates DRIFT as a Trading Caution Item
Svmuu News UPBIT Announcement: Notice regarding the designation of DRIFT as a trading caution item.
00:39
Genius Group Liquidates Entire Bitcoin Holdings to Repay $8.5 Million Debt
Svmuu News AI and crypto company Genius Group disclosed on Tuesday that it had sold all its remaining Bitcoin holdings in the first quarter to repay debt. The company stated it would rebuild its Bitcoin reserves when market conditions are more favorable. This move contradicts its "Bitcoin-first" strategy announced in November 2024, under which the company pledged to hold over 90% of its current and future reserves in Bitcoin.
As of March 2026, Genius Group held 84 BTC, valued at approximately $5.7 million. Its holdings have been declining since April 2025, when a U.S. court temporarily prohibited it from expanding its Bitcoin reserves. The company reported strong first-quarter results, with revenue surging 171% year-over-year to $3.3 million, gross profit increasing 228% to $2 million, and net profit turning from a $500,000 loss in Q1 2025 to a $2.7 million profit.
Several companies have reduced their Bitcoin holdings in 2026. MARA Holdings sold 15,133 BTC in March, raising about $1.1 billion for convertible bond repurchases; Bitdeer liquidated its entire 943 BTC position in February; Cango Inc. sold 4,451 BTC; and GD Culture Group confirmed authorization to sell part of its holdings. In contrast, Michael Saylor's Strategy has accumulated 89,581 BTC this year, worth approximately $6.1 billion.
00:38
Sun Wukong (SunX) to Host Live Stream Today Discussing the Safe-Haven Logic of Crude Oil, Gold, and BTC
Svmuu News According to official news, the decentralized contract trading platform Sun Wukong (SunX) will host a live stream titled "Crude Oil, Gold, BTC: Which is the True Safe-Haven Asset?" today at 20:00 (UTC+8). At that time, crypto KOLs including Mr.Ice Fire, Zhengrong Shuo, Bit Qi, Crypto Monkey Uncle, and Qiu Rong will attend. Together, they will delve into the logic of asset allocation against the backdrop of increasing global macroeconomic uncertainty, focusing on analyzing the traditional safe-haven attributes of crude oil and gold, the evolving "digital gold" narrative of Bitcoin, and the differences and interplay among these three asset classes in terms of liquidity, volatility, and risk hedging.
00:31
Brent crude oil intraday gains expanded to 7%
Svmuu News According to Gate data, Brent crude oil intraday gains expanded to 7%, currently reported at $105.79 per barrel; WTI crude oil rose by 6.6%.
00:25
Gulf States Plan Massive Investment in Pipeline Export Projects to Bypass the Strait of Hormuz
Svmuu News According to the Financial Times, due to the threat posed by Iran's potential long-term control over the Strait of Hormuz, Gulf states are reevaluating costly pipeline plans to bypass this critical shipping chokepoint and ensure oil and gas exports. Government officials and industry executives point out that although pipeline projects are expensive, politically complex, and take years to complete, they may be the only way to reduce the Gulf states' dependence on the strait. The current conflict further highlights the strategic value of Saudi Arabia's 1,200-kilometer-long "East-West Pipeline." Built in the 1980s, its original purpose was to address concerns about the strait's closure during the Iran-Iraq "Tanker War." Today, it has become a crucial lifeline, transporting 7 million barrels of crude oil daily to the Red Sea port of Yanbu, completely bypassing the Strait of Hormuz. Saudi Arabia is currently considering how to export more crude oil via pipelines, with specific options including expanding the capacity of the "East-West Pipeline" or developing new routes. (Jin10)
00:24
Bitget Launchpool Project MEZO Estimated APR Range: 30.31% - 1,551.67%
Svmuu News Bitget Launchpool project MEZO is now open for deposits. As of the time of writing, the BGB staking pool offers an APR of 30.31%, while the MEZO staking pool offers an APR of 1,551.67%.
00:23
Ethereum Spot ETFs Saw a Total Net Outflow of $7.1047 Million Yesterday, with BlackRock's ETHA Leading Outflows at $32.2589 Million
According to SoSoValue data, Ethereum spot ETFs experienced a total net outflow of $7.1047 million yesterday (Eastern Time, April 1).
The Ethereum spot ETF with the largest single-day net inflow yesterday was Grayscale's Ethereum Trust ETF (ETHE), with a net inflow of $17.4187 million. Currently, ETHE's historical total net outflow stands at $5.16 billion.
Following that was Grayscale's Ethereum Mini Trust ETF (ETH), with a single-day net inflow of $6.4932 million. Currently, ETH's historical total net inflow has reached $1.831 billion.
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF (ETHA), with a net outflow of $32.2589 million. Currently, ETHA's historical total net inflow has reached $11.609 billion.
As of the time of writing, the total net asset value of Ethereum spot ETFs is $12.206 billion. The ETF net asset ratio (the proportion of ETF market cap to Ethereum's total market cap) has reached 4.72%, and the historical cumulative net inflow has reached $11.552 billion.
00:23
Bitcoin Spot ETFs Saw a Total Net Outflow of $174 Million Yesterday, with BlackRock's IBIT Leading with a Net Outflow of $86.5222 Million
According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $174 million yesterday (Eastern Time, April 1).
The Bitcoin spot ETF with the highest single-day net inflow yesterday was the Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of $10.2509 million. BTC's historical total net inflow has now reached $2.191 billion.
The Bitcoin spot ETF with the highest single-day net outflow yesterday was the BlackRock ETF (IBIT), with a net outflow of $86.5222 million. IBIT's historical total net inflow currently stands at $63.118 billion.
As of the time of writing, the total net asset value of Bitcoin spot ETFs is $87.707 billion, with an ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) reaching 6.43%. The historical cumulative net inflow has reached $55.948 billion.
00:22
11 DeFi Protocols Affected by Drift Security Incident, Some Suspend Core Functions
According to SolanaFloor monitoring, the Drift protocol vulnerability incident has affected 11 DeFi protocols, including Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet. Some protocols have suspended functions such as minting, redemption, or deposits/withdrawals.
Ranger Finance confirmed an exposure of approximately $900,000, accounting for about 6% of its total value locked (TVL) of $14.6 million. Pyra stated that user funds were affected because they were deposited in Drift to earn yields, and has suspended the Pyra Card function. Asgard Finance indicated that its exposure related to Drift is not significant, has disabled this credit source, and is contacting affected users. Fuse Wallet has paused deposits from its Earn product into Drift, while the wallet itself remains unaffected. DeFi Carrot has suspended minting and redemption functions, but its Boost and Turbo products are unaffected. xPlace has paused deposits and withdrawals for its Savings product and temporarily disabled its credit model and lending functions. Protocols such as Elemental DeFi and Project 0 stated that related fund allocations have been suspended, awaiting Drift's resumption of operations. Lulo Finance warned that Classic deposit users may be affected, while its Protected and Boosted products have no exposure.
00:22
BitMart Futures will launch VSTONUSDT and VRTXONUSDT
According to an official announcement, BitMart Futures will list VSTONUSDT and VRTXONUSDT perpetual contracts at 16:00 (UTC+8) on April 2, 2026, respectively, with support for up to 20x leverage.
4/1
23:58
A newly created wallet withdrew 11.76 million STO from Binance, with an unrealized profit of $4.05 million in less than 24 hours
Svmuu News According to Onchain Lens monitoring, STO has surged over 200% in the past 24 hours. A newly created wallet withdrew 11.76 million STO, worth $2.94 million, from Binance. The current value of these tokens is $6.99 million, resulting in an unrealized profit of $4.05 million for the wallet in less than 24 hours.
23:50
Machi Big Brother's ETH long position faces liquidation, only $13 away from liquidation price
According to on-chain analyst Ai Yi's monitoring, Machi Big Brother (0x020...872) currently holds a 6000 ETH 25x long position. The entry price is $2,084.5, and the liquidation price is $2,040.5, leaving only a $13 gap to liquidation. Previously, he closed a 1700 ETH position, incurring a loss of $48,000.
23:38
Cango Completes $75 Million Financing to Advance Compliance Rectification and Expand AI Business
Svmuu News Cango has responded to the non-compliance requirements raised by the NYSE and has entered the rectification phase. All business operations are functioning normally, and the company is actively cooperating with the exchange's requirements to advance the rectification work.
The company recently completed a $75 million financing round. Of this, $65 million came from value-added investments by members of the company's board of directors and has been fully received; an additional $10 million came from Delin. The two parties also signed a memorandum of cooperation, agreeing to collaborate in the future on mining farm acquisitions and the AI field. This financing will be used to optimize the balance sheet, reduce debt levels, and provide funding support for the company's expansion into the AI field.
23:25
Yinchuan Court Mediates a Virtual Currency Entrusted Investment Dispute, Defendant Returns the Investment Principal
Svmuu News The Xinqing District People's Court in Yinchuan City recently concluded a civil and commercial dispute arising from entrusted investment in virtual currency. Plaintiff Wei Moumou met defendants Li Mou and Hu Moumou online and subsequently transferred funds to Li Mou, entrusting him and Hu Moumou to jointly manage virtual currency investment operations. The initial investment generated some returns, and the plaintiff participated in profit sharing. Later, when the plaintiff urgently needed funds and requested the return of the investment capital without success, they filed a lawsuit with the court on the grounds of "unjust enrichment."
After reviewing the case, the presiding judge determined that the fundamental legal relationship should be an entrusted contract relationship. The judge explained to the plaintiff that pursuing the lawsuit on the grounds of unjust enrichment carried a high risk of losing the case. Simultaneously, the judge pointed out to the defendants that an entrusted investment relationship indeed existed between the parties, and if the case proceeded as an entrusted contract dispute lawsuit, the defendants would very likely bear the responsibility of returning the funds. Through mediation, the plaintiff withdrew the lawsuit against Hu Moumou. Li Mou returned the investment principal to the plaintiff, and both parties reached a settlement.
23:16
Bitget Wallet Integrates Hyperliquid HIP-3 to Expand Range of Tradable RWA Assets
Svmuu News Bitget Wallet has announced the integration of the Hyperliquid HIP-3 RWA perpetual contract market to expand the range of on-chain assets available for daily trading.
Through HIP-3, users can trade RWA perpetual contracts on Bitget Wallet. The underlying assets cover a wide range, including major ETFs like the S&P 500 and the US Top 100 Companies Index; precious metals such as copper, aluminum, and uranium mining indices; energy commodities like crude oil and natural gas; foreign exchange pairs like the Japanese Yen and Euro; Japanese and Korean stock market indices and equities such as SK Hynix, Samsung, and Hyundai; US stock assets like US Rare Earths, SanDisk, and CoreWeave; as well as various Pre-IPO assets.
This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to complete daily financial transactions directly through their on-chain wallet. Currently, Bitget Wallet's RWA trading requires no KYC, has no minimum trading threshold, and supports 24/7 trading. Spot trading offers dividends and incurs no transaction fees. The platform already covers nearly 300 US stocks and ETFs, commodities, regional assets from markets like Japan, Korea, India, and Brazil, as well as Pre-IPO assets like SpaceX and OpenAI, supporting both spot and contract trading.
23:07
Polymarket's Daily Fee Revenue Exceeds $1 Million
According to data from DefiLlama, Polymarket's daily fee revenue on April 1st exceeded $1 million, reaching $1.02 million. Additionally, the fee revenue on March 31st was $696,000.
Previously, Polymarket adjusted its fee mechanism starting March 30th. In addition to the original Crypto and Sports categories, several new market categories including Finance, Politics, Economics, Culture, and Weather have been included in the taker fee scope.
Polymarket's Daily Fee Revenue Exceeds $1 Million
22:55
Coinbase Chief Legal Officer: "Clarity Act" "Very Close" to Agreement on Stablecoin Yield Issue
Svmuu News: Paul Grewal, Chief Legal Officer of Coinbase, stated in an interview with Fox Business that the debate over stablecoin yield in the upcoming "Clarity Act" is "very close" to reaching an agreement.
Grewal mentioned that the crypto market structure bill is progressing, although the debate surrounding stablecoin yield continues. He noted that all parties are gradually recognizing that while reward mechanisms are important, other key elements in the bill are equally crucial for realizing President Trump's vision of making the United States the "global crypto capital."
The U.S. banking industry has previously lobbied for the "Clarity Act" to include provisions prohibiting crypto platforms from offering yields on idle stablecoin balances, arguing that this could lead to a significant outflow of bank deposits. In response, Grewal stated that there is currently no evidence to suggest that such deposit outflows are actually occurring and pointed out that the stablecoin yield issue should not be conflated with other challenges facing the banking sector.
Grewal expressed optimism about the bill's prospects, saying he expects the Senate Banking Committee to initiate review hearings in the coming weeks, followed by a final full vote.
Coinbase and its CEO Brian Armstrong have previously publicly opposed versions of the bill that prohibit rewards for idle stablecoin balances on multiple occasions, arguing that such restrictions would stifle innovation in the U.S. and harm consumers. Meanwhile, Coinbase's stock price (COIN) has fallen 50% over the past six months amid the ongoing downturn in the crypto market, closing down 0.9% at $172.99 on Wednesday.
22:35
Crypto Market Sees Broad Decline, ETH and GameFi Sectors Show Relative Resilience
According to SoSoValue data, the crypto market sectors experienced a broad decline. The RWA sector fell 1.71% over 24 hours, with Ondo Finance (ONDO) down 3.42% and Keeta (KTA) down 7.24% within the sector. The Layer1 sector dropped 1.66%, with Solana (SOL) down 4.30% and Canton Network (CC) down 3.96%. Additionally, Bitcoin (BTC) fell 0.75%, breaking below $68,000. However, Ethereum (ETH) rose 0.15%, maintaining its position above $2,000.
In other sectors, the GameFi sector showed relative resilience, gaining 0.71% over 24 hours, with Gomining Token (GMT) up 4.61%. The Meme sector fell 0.51%, although MemeCore (M) surged 5.79% during the session. The Layer2 sector declined 0.63%, with ImmutableX (IMX) down 4.25%. The DeFi sector dropped 0.70%, with Ethena (ENA) down 4.78%. The PayFi sector fell 0.72%, while Telcoin (TEL) bucked the trend, rising 7.50%. The CeFi sector decreased 1.65%, with Binance Coin (BNB) down 2.58%.
The crypto sector indices reflecting historical sector performance showed that the ssiAI and ssiSocialFi indices rose 0.82% and 0.08% respectively, while the ssiCeFi index fell 1.77%.
22:26
Drift Hacker's Associated Address Funds Originated from Backpack, Possibly Leaving KYC-Related Clues
Svmuu News: SendAI developer aryan posted on X, stating: "I found some interesting clues on-chain: The Drift attacker address (HkG...ZES) received funds via Near Intents 8 days ago but remained inactive until it suddenly received a large amount of funds from the Drift vault. The attacker then transferred/exchanged these funds to a money laundering address (8ub...Gxw) and several other addresses. Interestingly, all these addresses received funds from Backpack just yesterday, which likely means Backpack has performed KYC on these accounts. Subsequently, these money laundering addresses transferred the funds via Wormhole to an Ethereum address, which had previously received funds through Tornado Cash.
Drift Hacker's Associated Address Funds Originated from Backpack, Possibly Leaving KYC-Related Clues
22:14
BTC Falls Below 67,000 USDT, 24H Decline 1.1%
Svmuu News According to OKX market data, BTC has fallen below 67,000 USDT and is currently trading at 66,972.9 USDT, with a 24-hour decline of 1.1%.
22:09
Iran Launches Missiles in Response to Trump's Speech
Svmuu News According to Al Jazeera: Just as Trump concluded his national address, Iran once again launched a large number of missiles towards Israel. (Jin10)
22:06
Cosine: Drift migrated its multi-sig a week ago, the new multi-sig only requires a 2/5 signature threshold and has no timelock
Svmuu News SlowMist founder Cosine posted on X, stating: "Drift Protocol was hacked for over $200 million in assets. A week ago, it migrated to a 2/5 multi-sig with no timelock (1 old + 4 new signers). The attacker took over admin permissions hours ago, minted CVT fake tokens, manipulated the Oracle, disabled related security mechanisms, and drained the pool's valuable assets..."
22:05
Account with over $1.7 million in profit purchases $160,000 on Spurs defeating Warriors in NBA regular season
Svmuu Seer Channel monitoring shows that in the Polymarket prediction event "NBA Regular Season Bulls vs. Pacers," an account with over $1.7 million in profit (address: 0xbddf61af533ff524d27154e589d2d7a81510c684) purchased $160,000 on the Spurs defeating the Warriors.
The NBA regular season game between the Spurs and Warriors tipped off at 10:00 AM Beijing time today. The NBA regular season is currently in its final stages, with the Spurs holding a record of 57 wins and 18 losses, ranking 2nd in the Western Conference; the Warriors have a record of 36 wins and 39 losses, ranking 10th in the Western Conference.
Svmuu Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.
Account with over $1.7 million in profit purchases $160,000 on Spurs defeating Warriors in NBA regular season

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