Yesterday, a mysterious whale that initiated a large short position HYPE and faced partial liquidation has continued to add to their HYPE short position.

On April 2nd, Solana-based DeFi protocol Drift Protocol was hit by a major attack, with between $220 million and $270 million in assets suspiciously transferred to the address "HkGz4K", per LookOnChain monitoring. Subsequently, some stolen assets were bridged to Ethereum to purchase ETH—19,913 ETH have been acquired so far, worth approximately $42.6 million. The attacker also converted additional stolen SOL to ETH on Hyperliquid and transferred some SOL to Binance. Per onchainschool.pro monitoring, the hacker’s current stolen asset breakdown is: - $103 million in USDC - $54 million in SOL - $19 million in WBTC - $12 million in WETH - $11 million in cbBTC - $6 million in USDT - $5 million in USDS - $3 million in SYRUPUSDC - $2 million in JLP Drift Protocol’s official statement confirmed it has detected unusual activity and is actively investigating. During the probe, users are advised **not to deposit funds** into Drift. This is **not an April Fools’ Day prank

On April 2, per HTX market data, Bitcoin surpassed $69,000, up 1.85% over the past 24 hours.

April 2 — The U.S. Treasury Department has officially launched implementation efforts for the stablecoin-focused "GENIUS Act," releasing an 87-page proposed rulemaking notice as the Act’s first implementing regulation, with a 60-day public comment period. Under the "GENIUS Act," stablecoin issuers with total circulation under $10 billion may opt for state-level regulatory oversight, provided their state’s framework is "substantially similar" to the federal one. The Treasury will use this notice to establish general principles defining "substantial similarity."

April 2: U.S. officials say former President Trump will reiterate a 2- to 3-week timeline for withdrawing from Iran in an upcoming national address, and will tout "achievements in Iran." As previously reported, White House Press Secretary Levitt has stated that President Trump will deliver a national address at 9 p.m. Eastern Time (9 a.m. Thursday Beijing Time) to provide a major update on the Iran situation.

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%.