Affected by multiple rug pulls, the total value locked (TVL) of the protocol has plummeted by nearly $12 billion.

On April 1, Tom Lee told CNBC in an interview that he believes the market has already absorbed 90-95% of selling pressure, the selling cycle may have ended, and rebuilding can now begin. He emphasized that stocks typically bottom out early in wartime environments: “We’ve studied every war since 1900, and markets tend to hit a bottom within the first 10% of the conflict’s duration. If this follows that pattern, we’re in the early stages now.” Right now, any negative news can spark risk-off moves—this is why position sizing matters, he added. “At some point, if investors grow too neutral, the market could stage a V-shaped rebound even if conditions aren’t that dire.” Lee also noted on social media that even if a bottom hasn’t been hit yet, he thinks the U.S. economy can handle $100 or even $120 oil.

April 1: South Korea’s KOSPI index surges 7% intraday, currently at 5,407.10 points, per Bitget data.

On April 1, UX Chain—a lending blockchain in the Cosmos ecosystem—officially announced it will gradually suspend operations. Users must close out all open positions before the platform’s full liquidation process kicks off on April 30. The protocol is expected to be fully shut down by May 15. UX reserves and the treasury will cover the protocol’s funding gap.

Per official sources, Bithumb has listed Venice Token (VVV) for trading as of April 1, with support for KRW trading pairs.

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.