「Ice King of Cool-Headed Orders」 Adding to Short Position, Current Short Position has a Unrealized Loss of $2.31 million

April 2: Per LookOnChain monitoring, Bitcoin miner Riot Platforms reportedly offloaded another 500 BTC roughly two hours ago, valued at $34.13 million.

On April 2, Bloomberg reported that the U.S. Supreme Court has cast doubt on former President Donald Trump’s attempt to end birthright citizenship, suggesting a key component of his immigration agenda may be struck down. Trump sat in the front row of the courtroom during oral arguments. Trump has long argued that the current U.S. birthright citizenship system is widely abused and represents a major loophole in the country’s immigration framework. He has repeatedly stated publicly that birthright citizenship—under which anyone born on U.S. soil automatically receives U.S. citizenship—is not a “gift” for illegal immigrants or temporary visitors, but was established post-Civil War to protect the descendants of enslaved people. Per monitoring by PolyBeats (via the link [https://t.me/PolyBeats_Bot]), the probability on the prediction market Polymarket that the U.S. Supreme Court will overturn Trump’s executive order related to birthright citizenship has risen from 81% to 95%.

LookOnChain monitoring shows that on April 1, whale address bc1q9j withdrew 1,000 BTC (valued at $67.25 million) from Binance. As of April 2, the whale has just redeposited the same 1,000 BTC, netting a $1.46 million profit.

On April 2, the U.S. Securities and Exchange Commission (SEC) approved NYSE Arca’s rule change application to list options for cryptocurrency commodity trusts holding multiple digital assets. Previously, the exchange only allowed options for single-cryptocurrency asset trusts; the new rule expands support to include multi-asset commodity trust options. Key listing requirements include: - Each digital asset held by the trust must individually meet a high liquidity threshold: an average daily market value of at least $700 million over the prior 12 months, plus derivative contracts for the asset must have a comprehensive surveillance-sharing agreement with the trading platform. - Trust shares must satisfy the platform’s initial and ongoing listing standards for ETF options and qualify as NMS stocks. Following SEC review, the rule change is expected to give investors expanded cryptocurrency investment opportunities and hedging tools—without requiring additional SEC approval fo

On April 2, stablecoin payment card infrastructure provider Kulipa closed a $6.2 million seed funding round, led by Flourish Ventures and 1kx, with White Star Capital and Fabric Ventures also participating.

On April 2nd, Bitget market data shows U.S. major indexes extended gains: - S&P 500 neared 6,600 points; - Dow rose ~1%; - Nasdaq climbed ~1.7%. U.S. crypto-related stocks were mixed: - MicroStrategy (MSTR): -0.79% - Coinbase (COIN): +0.62% - Circle (CRCL): -1.9% - BitMine Immersion (BMNR): +0.05% - SharpLink Gaming (SBET): +1.16%