Ripple Expands RLUSD to the Ethereum Layer 2 Network

April 2 — Iran’s Islamic Revolutionary Guard Corps released a statement saying it has conducted the 90th round of its “Firm Response-4” operations, targeting steel and aluminum facilities in the region linked to the United States. (CCTV)

April 2 — Per Onchain Lens monitoring, BlackRock has deposited 1,360 BTC (~$90.28 million) and 15,103 ETH (~$30.82 million) to Coinbase just 5 minutes ago.

April 2nd, per HyperInsight monitoring (via their Telegram channel @HyperInsight), a whale with an address starting with 0xcab attempted to bottom-fish ETH long positions twice today—both trades closed at breakeven, resulting in a total loss of roughly $17,000. Subsequently, within the past half hour, the same address reversed course, opening a 25x leveraged ETH short position. The position size is $4.89 million, entry price is $2,033, and liquidation price is $2,076 (about 2% above entry). Currently, the whale holds a minor unrealized loss of roughly $11,000 (-5%).

As of April 2nd, market data shows STO tokens have surged 2,458% — or 25.5x — over the past 8 days, climbing from $0.0727 to a peak of $1.86 (per Binance pricing). However, in the 30 minutes after 17:20 Beijing time today, the token flashed crashed 70%, tumbling to a low of $0.528. It’s now trading at $0.66, still up 164% in the past 24 hours. Notably, even as Bitcoin and Ethereum remain firmly in a bear market lately, some long-dormant coins have started to rally. Take Binance’s current top 5 gainers — including STO — all of which were in a long-term downtrend but began rising 5-6 days ago. They all dropped simultaneously after STO’s crash, with the following details: - NOM: Began rallying 6 days ago, peaked with a cumulative gain of 590% → Plummeted as much as 27% post-17:20 - SOLV: Began rallying 4 days ago, peaked with a cumulative gain of 137% → Plummeted as much as 26% post-17:20 - D: Began rallying 5 days ago, peaked with a cumulative gain of 180% → Plummeted as much as 29

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.