Original Canaan Inc. Co-Chairman: Recently, about 400,000 Bitcoin mining machines in Xinjiang, China have been shut down.

Bloomberg reported on April 2nd that some of the world’s largest hedge funds—known for stable returns—suffered losses in March as the Middle East conflict roiled energy, bond, and equity markets, forcing traders to unwind crowded positions. Insiders noted multi-strategy funds including ExodusPoint Capital Management, Balyasny Asset Management, and Millennium Management gave back all or part of their gains from the prior two months amid the declines. Still, some standout winners emerged: Kepos Capital’s Alpha Fund and Swiss firm ADAPT Investment Managers.

**April 2nd Update** U.S. storage-sector stocks traded lower in pre-market, per data from Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN, target="_blank"). Micron Technology (MU) fell nearly 4%, while SanDisk (SNDK) dropped over 4.1%. On Hyperliquid, their current contract prices are $353 and $663, respectively. A short-focused whale dubbed the "Silver Iron Head Air Force" capitalized on SNDK’s brief hit to its weekly high of $707 yesterday to build short positions: - Total deployed: $1.86 million - Average entry: $707.4 (near yesterday’s peak) - Floating profit peaked at $95k (24% return) as pre-market prices slid; ~$498k in profits partially realized so far. Also yesterday, the same address shorted MU at an average $376.2 (during a surge peak) with an initial $1.95 million position. This trade was fully closed for ~$112k in profit.

April 2nd: Per Coinglass data, STO has plummeted 67% over the past 22 minutes. Total liquidations for the token hit $19.77 million in the last hour, including $2.32 million in long positions and $17.44 million in short positions wiped out. Notably, STO briefly spiked to $2.56 on the Aster exchange. At the 17:20 Beijing time price peak, a user’s $7.67 million short position was liquidated at $2.55.

On April 2, per HTX market data, STO has plummeted 60% in the past 15 minutes, currently trading at $0.8, while posting a 211% gain over the past 24 hours.

**OKX to Launch BSBUSDT Perpetual Contract on April 2, 2026 (UTC+8)** Crypto exchange OKX will officially list the BSBUSDT perpetual contract across its web, mobile app, and API platforms at 18:00 UTC+8 on April 2, 2026, per official sources. Block Street is a DeFi protocol that unifies liquidity for tokenized assets, seamlessly bridging on-chain capital with global markets.

On April 2, the General Office of China’s Ministry of Industry and Information Technology (MIIT) issued a notice launching a special action to empower small and medium-sized enterprises (SMEs) through inclusive computing power. Key measures outlined in the notice include: - Innovating the inclusive computing power service model; - Enhancing three dedicated zones (collectively called the SME Platform Zones): the China Computing Power Platform SME Zone, the SME Service Network Computing Resource Matching Zone, and the National Computing Power Internet Service Node Zone; - Promoting precise matching between SME demand and computing power supply, and rolling out flexible billing models such as "Card Hour," "Core Hour," and token-based billing; - Exploring innovative offerings like the "Computing Power Bank" (allowing SMEs to deposit idle computing resources for flexible cross-region and cross-period access) and the "Computing Power Supermarket"; - Implementing the AI SME Entre