Twenty One's stock plummeted over 26% intraday on its first day of trading, and is currently trading at $10.5.

April 2nd: LookOnChain monitoring data indicates that "Big Brother Whale" Huang Li manually closed 2,700 ETH long positions (valued at $5.54 million) to avoid liquidation. He still holds 5,000 ETH long positions (worth roughly $10.22 million), with a new liquidation price of $2,031.52.

On Wednesday, April 2nd, the U.S. Commodity Futures Trading Commission (CFTC) announced a supplemental consent order in its enforcement action against Nishad Singh, FTX’s former Head of Engineering. Singh is ordered to pay a $3.7 million fine tied to illegal profits, and he faces a five-year trading ban and an eight-year registration ban—barring him from obtaining licenses to operate in relevant industries. The CFTC’s Enforcement Director noted the penalty accounts for Singh’s cooperation with authorities. Previously, Singh faced multiple legal actions from the CFTC, U.S. Securities and Exchange Commission (SEC), and Department of Justice (DOJ) over his role in FTX’s November 2022 insolvency and user fund misappropriation. His SEC case settled in December 2025 with an eight-year industry ban. In the criminal matter, Singh cooperated by testifying against former CEO Sam Bankman-Fried and working with prosecutors, resulting in a sentence of time served plus three years of supervised r

April 2: Trump’s speech lifted oil prices and dashed hopes for interest rate cuts, jolting global markets—with Japanese and South Korean stocks retreating. The Nikkei 225 closed Thursday down 1,276.41 points (2.38%) at 52,463.27. The South Korean KOSPI finished lower by 244.91 points (4.47%) at 5,233.79. (Source: FXStreet)

April 2nd — Hyperinsight monitoring data shows that over the past 20 minutes, the "buy the dip" whale (address 0x965) opened a 50x-leveraged short position on the S&P 500 with a position size of $12.2 million, at an average entry price of $6,453.5. Ten minutes after opening, the position was down 19% (roughly $45,000) and is currently being liquidated at $6,537.7. Additionally, the address has fully closed its newly opened Brent Oil short position today, posting a total daily loss of $806,000. It has also sequentially deposited $478,000 into Hyperliquid.

April 2nd — Tass News Agency reports that Russia has imposed a ban on gasoline exports by producers through the end of July.

**April 2 Update** Per official data from Hyperliquid (via https://app.hyperliquid.xyz/join/NTOD), April 1 activity included: - HyperCore repurchasing 43,749.54 HYPE at an average price of ~$36.77; - 26,657 HYPE distributed to stakers and 24 validating nodes; - A net permanent burn of 17,092 HYPE (offsetting repurchases against distributions) → ~17,000 HYPE in daily net deflation. Extrapolating this daily rate suggests ~6.15 million HYPE in annual deflation. By comparison, Solana adds ~25.19 million SOL yearly via staking and validator rewards (driven by inflation). Notably, HyperCore’s repurchase efficiency is negatively correlated with price—designed to smooth supply pressure across market cycles.