USDe Stablecoin Market Cap Falls Below $9 Billion, Decreasing by Approximately 45% in the Past Month

April 1st — Data from HTX shows Bitcoin rebounded to break above $68,000, posting a 1.94% gain over the past 24 hours.

On April 1, the New Hampshire Bureau of Business and Finance is set to issue a $100 million Bitcoin-backed bond, which has earned a "Ba2" speculative-grade rating from Moody’s. BitGo will serve as custodian and settlement agent, responsible for liquidating Bitcoin as needed to cover interest and principal payments.

April 1st — On-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address linked to Justin Sun deposited approximately $16.1997 million worth of five tokens into HTX overnight. The deposit breakdown includes: - ~$2.53 million in TRX - ~$13.45 million in stablecoins (USDT, USDC, USDD) - ~$1,270 in FF - ~$75,000 in KERNEL - ~$132,000 in LIT Notably, FF, KERNEL, and LIT are all project airdrops (excluding TRX and stablecoins), and the transfer may signal a sell-off.

April 1: Explosion in Tehran unprecedented in scale, according to Iranian media and witnesses. (Jin10 Data)

April 1 — Per Coinglass data, Bitcoin rebounded to $68,000 this morning, with funding rates across major centralized (CEX) and decentralized (DEX) exchanges showing a slight easing of bearish sentiment, returning to neutral levels. Specific funding rates are detailed in the attached chart. BlockBeats Note: Funding rates are set by crypto exchanges to align perpetual contract prices with their underlying asset values. They facilitate fund transfers between long and short traders—exchanges do not collect this fee. The rate adjusts traders’ holding costs or profits to keep contract prices close to underlying asset prices. - A 0.01% rate is the baseline. - Rates above 0.01% signal a generally bullish market. - Rates below 0.005% signal a generally bearish market.

On April 1st, per HyperInsight monitoring (via https://t.me/HyperInsight), the “30x Longing Whale” (address 0x8d0) stubbornly opened a 20x-leveraged BTC long position this morning. Within three hours, its floating loss widened to -21% — approximately $70,000. As of now, the whale holds 100 BTC in long positions, valued at roughly $6.76 million, with an average entry price of $68,333.