BitMEX co-founder Arthur Hayes' family office Maelstrom stated that they have terminated their advisory relationship with Drift Protocol. Any mentioned articles and tweets are outdated and they no longer hold its tokens.

On April 2nd, Senator Ted Cruz of the United States announced the introduction of the "Facilitating Low Emissions Energy Utilization (FLARE) Act," a federal proposal aimed at converting wasted energy into effective use through targeted tax reforms. The federal bill seeks to: amend the 1986 Internal Revenue Code to provide for the full expensing of property used to capture natural gas that would otherwise be flared or emitted, and used for value-added products. Cruz described this measure as a strategic step to leverage the state's abundant energy supply and strengthen its leadership position in the digital asset space. The senator stated: "I am committed to making Texas the premier destination for Bitcoin mining. The 'FLARE Act' incentivizes entrepreneurs and cryptocurrency miners to utilize stranded natural gas."

according to the Japanese listed company Metaplanet, the company has added 160 bitcoins, with an average purchase price of 12,489,609 yen per coin. After this purchase, Metaplanet's total bitcoin holdings reached 4206 coins.

according to on-chain data tracking service Whale Alert, around 11:33 AM Beijing time, 370,000,000 XRP (778,259,699 USD) was locked in a Ripple custody address.

according to on-chain analyst @ai_9684xtpa monitoring, six hours ago, market maker Amber Group recharged 1.26 million KAITIO to Binance, worth 1.3 million US dollars; from four o'clock in the morning to now, the price of KAITO has dropped by 9.4% (1.0402 US dollars - 0.9421 US dollars).

On April 2nd, news came that as Trump's "equal tariffs" approach loomed, the market's sentiment went through repeated tests, ultimately betting that clear trade policies would help stabilize the market. The three major U.S. stock indexes experienced intense volatility during the session, with mixed closing results: the Dow fell slightly by 0.03%, the S&P 500 rose by 0.38%, and the Nasdaq increased by 0.87%. Large-cap tech stocks strengthened across the board, with Tesla's stock price rising by over 3%.

according to the official announcement, Binance is expected to suspend token deposits and withdrawals on the Sei (SEI) network on April 2, 2025 at 23:00 (UTC+8) to support its network upgrade. The project team will upgrade the network at block height 139,936,278 (expected on April 3, 2025 at 00:00 UTC+8).

according to Spot On Chain monitoring, a whale has just deposited 29,000 AAVE (4.75 million US dollars) into FalconX again. In the past 17 hours, a total of 59,001 AAVE (9.76 million US dollars) have been deposited, with an average price of 165.5 US dollars.

Nate Geraci, President of The ETF Store, stated on social media that Grayscale has submitted an S-3 form, planning to register its Grayscale Digital Large Cap Fund as an Exchange Traded Fund (ETF). It holds BTC, ETH, XRP, SOL, and ADA. The New York Stock Exchange has previously submitted a 19b-4 application to list and trade this ETF. Still, it is believed that index-based cryptocurrency ETFs will be approved by the end of the year (if not earlier).

On April 2nd, news came that Elon Musk's X platform is urging the U.S. Supreme Court to protect companies from being forced to disclose sensitive user financial data by federal law enforcement agencies without "reasonable suspicion". The X platform is requesting the judge to review the lower court's decision, which allows the IRS to enforce a subpoena for Coinbase customer transaction records in a tax investigation involving over 14,000 users of the cryptocurrency exchange.

Synthetix founder Kain stated in a post that the Ethereum mainnet is facing economic pressure due to the diversion of transaction activities to L2 scaling and the introduction of Blob in EIP-4844 to reduce data availability costs. Kain believes that the rise of L2 has diverted profits that originally belonged to the mainnet, and in the future, shifting towards solutions like Alt DA such as Celestia may further weaken the profitability of the Ethereum mainnet. To address this issue, he proposes that in the short term, L2 can contribute back to the mainnet through official L2 or rental mechanisms, while in the long term, it will be necessary to rely on new demands such as tokenization of real assets to increase the overall usage of L1/L2.

according to on-chain analyst Ali's monitoring, since February 25, the number of large transactions of Ethereum (ETH) has decreased by 63.8%, indicating that whale activity on the network may have decreased.

On April 2nd, according to Cointelegraph, the latest report from Google Threat Intelligence Group (GTIG) shows that IT technicians associated with North Korea are expanding their penetration targets beyond the United States to blockchain companies. As US regulatory scrutiny tightens, these tech spies have infiltrated cryptocurrency projects in the UK. The report points out that while the US remains a primary target, the increasingly strict employment checks have forced North Korean IT personnel to seek employment with non-US companies. These individuals are building a global operational network through identity forgery, with their penetration scope covering traditional network development as well as blockchain applications such as Solana and Anchor smart contracts.

The challenging start to the year for crypto assets resulted in a significant decline, with widespread liquidations in derivatives markets and weakening investor confidence. Ethereum's performance in Q1 was one of its worst since 2018, highlighting the market's struggles. While Bitcoin's losses were less severe, the overall sentiment in Q1 was bearish, with both major cryptocurrencies contributing to the downturn. The poor market performance led to many traders exiting, reducing liquidity as investors withdrew from high-risk assets, highlighting the challenges for the market in Q2. Despite the difficulties in Q1, there is growing optimism for a potential recovery in Q2, with expectations of important decisions by the U.S. SEC on spot crypto ETF applications and potential interest rate cuts by the Federal Reserve, which could attract more institutional investment and support the performance of risk-on assets like cryptocurrencies.

probability of "Circle's IPO in 2025" on Polymarket has reached 96%, with a total trading volume exceeding $680,000.

according to Token.Unlock data, TRUMP will unlock 40 million tokens on April 18, accounting for 20% of the circulation, worth approximately $4.132 billion.

Eric Trump, the second son of the US president, revealed in an interview on Fox Business Channel that three factors - "sovereignty, bank censorship, and resistance culture" - are driving his family to continue to increase their investment in the cryptocurrency industry. Eric Trump discussed the "weaponization" of banks against the Trump family on Tuesday, saying, "There is no reason for every bank to unilaterally cancel business with us just because my father was involved in politics. I never thought I would get involved in the cryptocurrency field until they viciously targeted us. It was only then that I realized the importance of cryptocurrency."

White House: Trump will deliver a speech in the Rose Garden at 4 pm on Wednesday.

 US Department of Justice is seeking the death penalty for the suspect Luigi Nicholas Mangione, who is accused of murdering UnitedHealth (UNH.N) CEO. After the news was released, the price of the related Meme coin of Luigi Nicholas Mangione fluctuated significantly in the short term.

OpenAI CEO Sam Altman posted on X platform, stating that the company is currently facing serious GPU computing power pressure, which may lead to delays in the release of new versions, occasional service interruptions, or slowdowns. He called on those with GPU resources at the 100,000 level to contact them as soon as possible, as the team is working hard to solve the problem.