Trump Claims Trump Gold Card Sales Have Surpassed $1.3 Billion, Polymarket Officially Adds Rule Deeming It 'Not Credible'

**April 2nd** Bitcoin dipped below $66k on Wednesday, down 3.7% over the past 24 hours, and has held within a $60k-$70k range in recent weeks. - **On-chain/holder trends**: Glassnode notes spot demand is absorbing selling pressure but not yet enough to fuel sustained upside. An estimated 8-9 million BTC are held at a cost basis above current prices, creating resistance to rebounds. Long-term holders are still realizing losses at elevated levels, signaling the redistribution phase isn’t over. - **Derivatives**: Funding rates were negative for most of Q1, meaning short traders have been paying a premium. Bitfinex analyst: “Traders are paying to keep short positions— a short squeeze could materialize if upside momentum hits this concentrated short.” Option demand has fallen: implied volatility is contracting, and skew tilts slightly toward downside protection (investors hedging risk over betting on breakouts). - **Macro/outlook**: Bitunix analyst says the market is in a “suppl

On April 2nd, U.S. weekly initial jobless claims for the week ending March 28th were reported at 202K—coming in below the 212K consensus forecast. The prior week’s figure was revised from 210K to 211K. (IG)

April 2: UBS strategist Joni Teves says gold will hit a new high this year despite recent price volatility, viewing the latest pullback as a buying opportunity. The bank forecasts average gold prices at $5,000 per ounce in 2026, $4,800 in 2027, and $4,250 in 2028. (Source: FX678)

Bitcoin slipped below $66,000 on April 2nd, per HTX market data, with a 24-hour drop of 3.75%.

On April 2, Telegram’s native encrypted wallet—Wallet in Telegram—announced the launch of perpetual contract trading, with technical backing from Lighter. The platform supports over 50 markets, offering leveraged trading for metals, stocks, oil, and cryptocurrencies with up to 50x leverage.

On April 2nd, Solana Foundation Chair Lily Liu posted a statement: "The Drift incident has had a far-reaching impact, rippling across the entire ecosystem. The Drift team is working around the clock to investigate and contain the situation, and we are fully committed to providing support. The smart contract itself has held up to scrutiny. The attack’s actual target is people — tied more to social engineering and operational security gaps, not code-level exploits. Solana has weathered multiple challenges before, advancing through faster iteration, better infrastructure, community support, and enhanced security. Stay vigilant, review your security settings thoroughly, and keep building. We’ll provide updates on any new developments as they emerge."