In November, the total trading volume of Kalshi and Polymarket approached nearly $10 billion.

**April 2 — Breaking: Latest U.S.-Iran Conflict Developments Overnight & This Morning** ### Iran - The Iranian military claims to have struck an Israeli military company, advancing **Operation True Commitment-4** to its 89th round. Officials say the conflict has damaged over 115,000 civilian facilities. - Iran continues missile/drone attacks on Israeli and U.S. military bases, stating targets include pressuring the U.S. to withdraw from the Middle East. - The Islamic Revolutionary Guard Corps (IRGC) says the Strait of Hormuz will remain closed in response to Donald Trump’s remarks; Iranian officials add navigation will not resume for U.S. vessels even if reopened. - Iran’s foreign minister stresses no ceasefire acceptance, demanding guarantees to prevent future conflicts. - Iran claims U.S./Israeli forces targeted its meteorological radar facilities, leaving senior advisers seriously injured; denies reports of a “ceasefire request.” ### U.S. - Reports indicate Trump h

April 2: Solana DeFi protocol Drift Protocol was hacked this morning. Preliminary estimates indicate roughly $220 million to $270 million in assets were suspiciously transferred to the address HkGz4K. Subsequently, some of the stolen assets were bridged to Ethereum to purchase ETH—19,913 ETH has been acquired so far, totaling $42.6 million. The attacker also converted a portion of the stolen SOL to ETH on Hyperliquid and transferred additional stolen SOL to Binance. Current on-chain data shows Drift Protocol’s total value locked (TVL) has plummeted to $255 million, a sharp drop from its pre-hack TVL of $534 million.

April 2 — U.S. President Donald Trump plans to announce in a primetime national address that all objectives of the military action against Iran have been achieved, with the conflict nearing its end, according to multiple sources cited by American outlet Politico. Trump will declare victory in the speech and pave the way for a gradual U.S. withdrawal from the conflict, the report states. He also intends to blame NATO allies for the most pressing current issue — shipping disruptions in the Strait of Hormuz — and demand European and Gulf countries take responsibility for subsequent security in the region. Former Trump chief strategist Steve Bannon noted Trump will emphasize “short-term military goals have been met” and may push for a ceasefire in the coming weeks, while making clear the strait issue “will no longer be resolved under U.S. leadership.” Iran continues to restrict shipping in the Strait of Hormuz, pushing global oil prices above $100 per barrel. Against this backdrop

**April 2 (Local Time) – Iranian President Mahmoud Pezeshkiyan published an open letter to the American people on X April 2 local time, criticizing U.S. military actions against Iran as effectively acting as a "proxy" for Israel and questioning whether the "America First" agenda truly serves U.S. national interests.** In the letter, Pezeshkiyan emphasized Iran harbors no hostility toward the American people, arguing portraying Iran as a threat is neither historically nor factually accurate. He stated Iran has never initiated a war and all its military actions fall under "legitimate self-defense." On historical matters, Pezeshkiyan referenced the 1953 Iranian coup, noting it interrupted Iran’s democratic process and deepened Iranian distrust of the U.S. He also criticized long-standing U.S. sanctions and Washington’s support for Saddam Hussein during the Iran-Iraq War. Pezeshkiyan accused recent U.S. strikes on Iran’s critical infrastructure of constituting "war crimes," warnin

April 2: Spot gold broke above $4,800 an ounce, per Bitget market data, up 0.8% intraday and on track for a fifth straight day of gains.