The Brooklyn Court has filed a lawsuit against the suspect in the Coinbase customer support scam case, involving approximately $16 million.

On Thursday, April 2, the U.S. Department of Labor reported that initial jobless claims fell to a seasonally adjusted 202,000 last week—signaling a stable labor market in March with minimal layoffs. So far this year, claims have fluctuated between 201,000 and 230,000, aligning with economists’ “low hiring, low firing” characterization. Economists link the labor market’s stagnation to ongoing uncertainty from former President Trump’s aggressive import tariff policies. Additionally, the one-month U.S.-Israel war against Iran has added another layer of uncertainty for businesses. A Reuters survey of economists projects March nonfarm payrolls will rebound by roughly 60,000 jobs, but some warn the surge may be temporary—driven by a global oil price jump of over 50% amid the conflict. Nancy Vanden Houten, chief U.S. economist at Oxford Economics, noted: “We expect the war to slow the modest labor market improvement we anticipated earlier this year, as businesses pause hiring amid un

**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.