An address is hoarding 1.61 million UNI tokens, worth approximately $9.1 million.

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.

On April 2, per Cointelegraph, Alabama Governor signed the Decentralized Nonprofit Organization Act—making the state the second, after Wyoming, to grant legal status to decentralized autonomous organizations (DAOs). The legislation provides DAOs with legal standing and limited liability protection, granting them full legal entity status to own property, sue and be sued, enter into contracts, and shield individual members and managers from personal liability. Eligibility requires a DAO to have at least 100 members and operate for a common nonprofit purpose, such as governing a blockchain network or smart contract system. The policy head at a16z Crypto stated that decentralized governance is core to crypto’s future, and this act gives decentralized communities certainty to build, govern, and scale in the real world. A similar West Virginia bill has passed the House and is awaiting the governor’s signature.

April 2nd: Binance Alpha will launch an airdrop at 4:00 PM today, per an official announcement. Users with at least 242 Alpha points can claim their tokens on a first-come, first-served basis until the airdrop pool is exhausted or the event concludes. Additional details will be released shortly.