Figure is planning to introduce the security tokenized stablecoin YLDS on Solana.

April 2 (Xinhua) — The Chinese Ministry of Commerce held a regular press conference on April 2. When asked about China’s response to Meta’s acquisition of Meta Platforms Inc (note: potential typo, as Meta refers to Meta Platforms Inc) and related questions on corporate cross-border operations, Ministry spokesperson Gao Feng stated that the Chinese government supports enterprises in engaging in cross-border operations and technical cooperation as needed. However, such activities must comply with Chinese laws and regulations and follow proper legal procedures.

On April 2, the core market contradiction expanded further—shifting from “uncertain energy supply” to “physical industrial capacity damage.” EGA, the Middle East’s largest aluminum smelter, was attacked and fully shut down, alongside output cuts at multiple regional aluminum plants. This signals the war has not only disrupted energy and shipping but directly fractured the industrial metal supply chain, shifting inflationary pressure from oil prices to the manufacturing sector. Combined with OPEC production cuts and the Strait of Hormuz blockage, global supply constriction has escalated from a single category to a “dual squeeze of energy + industrial raw materials,” pushing inflation expectations higher again. Federal Reserve officials have explicitly stated the energy shock will broadly drive up prices, forcing policy to remain restrictive. Meanwhile, former President Trump has laid out a clear timeline for escalating military strikes in the next 2–3 weeks but offered no path to

April 2nd: Iran’s top foreign policy advisor and former foreign minister Velayati said in a post on his personal social media account that the Strait of Hormuz is open to the world but will remain closed to enemies of the Iranian people and their regional strongholds. He noted that conflict resolution depends on Iran’s decisions and power, not the delusions and arrogance of aggressors. (CCTV News)

A spokesperson for Pakistan’s Ministry of Foreign Affairs said on April 2 that it has not yet been confirmed whether any U.S. delegation has arrived for talks on the Iran issue.

April 2nd — Per HyperInsight monitoring (via its Telegram channel: https://t.me/HyperInsight), a whale with an address starting with 0x06a has been taking profits on a GOLD long position over the past hour. As of 10 minutes prior to this update, the whale fully closed the position at an average price of ~$4,587; the prior position size was $10.3M. Driven by intraday gold price declines, the position’s unrealized profit narrowed from a peak of $870K to a final realized profit of $418K — a drop of more than 50% from its peak unrealized value.

On April 2, Coinbase CEO Brian Armstrong took to social media to share: “I’m going to personally focus on Bitcoin’s post-quantum security—looks like we all need to tackle this sooner rather than later.” Earlier, Coinbase Chief Security Officer Philip Martin noted that a recent quantum computing paper from Google and Caltech is a major signal for the entire industry. While the timeline remains up for debate, he stressed now is the time to act. Coinbase has already audited and upgraded its internal infrastructure, researched post-quantum cryptography, and established a quantum advisory board. Since Bitcoin needs to make quick progress on this front, Coinbase is stepping up to rally the community—uniting Bitcoin Core developers and broader stakeholders to start addressing the issue.