Ethena Labs has partnered with Anchorage Digital, with the latter set to provide platform rewards for USDtb and USDe.

U.S. President Donald Trump stated on April 2 that the U.S. neither needed the Strait of Hormuz in the past nor needs it now. Once the conflict ends, the strait will naturally reopen. Iran is effectively destroyed, and the hardest part is behind us. Iran had been stockpiling conventional ballistic missiles that could soon have reached the U.S. mainland, Europe, and nearly any other location on Earth. Iran possessed certain weapons that no one believed it had, and we destroyed those weapons.

**April 2: Trump on Iran, US Energy Independence & Gas Prices** Former US President Donald Trump said April 2 that Iran’s missile and drone launch capabilities have been greatly diminished, vowing he will never allow Iran to obtain nuclear weapons. He added the US is now fully independent of Middle East energy—partly due to Venezuela’s oil and gas resources. Calling the Iran nuclear deal “flawed,” he said it should never have been struck. On the Iran issue, Trump claimed the core strategic goal is nearly achieved, stressing the mission must be completed quickly. Regarding recent gasoline price hikes, he labeled them a “short-term” phenomenon, predicting a sharp increase in oil production soon. He also stated the US economy has never been so well-prepared.

April 2, U.S. President Donald Trump said U.S. forces have secured a rapid, decisive victory. Iran’s air force is in ruins, and the Islamic Revolutionary Guard Corps’ (IRGC) command and control capabilities are being dismantled.

April 2nd CNBC analysis shows the energy market is under significant pressure as former President Trump prepares to deliver a speech on the “victorious conclusion” of the Iran conflict. U.S. gasoline prices have topped $4 per gallon, and international oil prices have risen by roughly 27% since the start of the conflict. The blockage of the Strait of Hormuz has tightened global energy supplies: jet fuel prices have soared by nearly 96%, while Asian LNG prices are up about 43%. Analysts warn that if supply disruptions persist, oil prices could approach or even surpass historical highs. Historians point out the current situation carries risks similar to the 1970s energy crisis—where inflation and energy shocks could have a lasting impact on the U.S. economy and politics. While the U.S. is buffering the shock by releasing strategic reserves, global inventories are depleting rapidly, exacerbating the energy crunch.

April 2: DeFi Protocol Drift Hack Causes ~$1.556B Loss for JLP Jupiter Officials Confirm Platform Unscathed, Jupiter Lend Uninvolved in Drift Market JLP Assets "Fully Backed by Underlying Assets," Jupiter Says On April 2, the Solana-based DeFi protocol Drift was targeted in a hack, resulting in an estimated $1.556 billion loss for JLP. In response, Jupiter officials issued a statement clarifying: - The platform was not impacted by the incident. - Its lending product, Jupiter Lend, did not engage with the Drift market. - JLP assets remain "fully backed by underlying assets." Jupiter also characterized the event as a "difficult day" for the Solana DeFi ecosystem, expressing concern for the Drift team and affected users.

On April 2nd, Bloomberg reported that crypto data platform CryptoQuant noted Bitcoin’s overall demand remains under pressure despite renewed ETF inflows and ongoing accumulation in strategies. As of March 30th, data shows Bitcoin’s “apparent demand” — demand relative to new supply — was negative by roughly 63,000 coins, reflecting that selling by large holders is the dominant market driver. The report points out that selling by retail investors and other participants has outpaced incremental institutional buying, and demand has been contracting since late November 2025 — signaling the market remains in a distribution phase. Whales that accumulated around 200,000 Bitcoin during the 2024 bull run began large-scale distribution in mid-2025, with selling accelerating in Q4 2025. Buying by mid-sized investors has also slowed.