Gold Token Contract Enters Hyperliquid's Top Ten in 24-Hour Trading Volume

On April 3rd, HyperInsight monitoring (via its Telegram channel at https://t.me/HyperInsight) reported that amid ongoing fallout from the Drift theft incident—coupled with Jupiter’s official statement that the platform was unaffected by the event—some funds may have flowed out via Jupiter. This triggered a temporary surge in trading volume, pushing JUP up 3.1% with its high briefly topping $0.16. During this period, a whale with an address starting with 0x8b0 on Hyperliquid fully closed out its JUP short position in half an hour, incurring a loss of approximately $33,700 at a liquidation price of $0.1625. The position had a notional value of $1.22 million prior to liquidation, making it the platform’s largest short-position whale.

On April 3rd, CryptoQuant analyst Darkfost noted that Bitcoin’s current profit supply stands at roughly 11.2 million coins, while its loss supply is around 8.2 million—levels approaching typical bear market ranges. By comparison, at the 2022 bear market low, profit supply was 9 million coins and loss supply hit ~10.6 million. Darkfost argues this signals the market is entering a "significantly undervalued state," with a potential bottom near. However, Bitrue research director Andri Fauzan Adziima contends the data reflects "rising market pressure, not immediate undervaluation." A true bottom, he says, would require deeper losses: e.g., loss supply exceeding 50% of total circulating supply and profit supply dropping below 45%. Currently, Bitcoin is down ~52% from its all-time high—far less than the 77%-84% drawdowns seen in prior bear markets. Additionally, analyst Timothy Peterson points out that a stronger U.S. dollar (the U.S. Dollar Index has climbed ~5% in two months) and

April 3: Drift announced via official social media that its team has identified key details about those involved in the security breach. We’re currently sending an on-chain message to the ETH wallet holding the stolen funds and are open to communication. Please reach out via Blockscan Chat.

On April 3rd, data from Coinglass and Hyperinsight Monitoring (Telegram: https://t.me/HyperInsight) shows the XPL token price saw sharp overnight volatility. Between 1:00–5:00 AM, XPL surged 42% in a straight line to a high of $0.167. But starting at 5:10 AM, it plummeted over 40% in less than 5 minutes—dropping below $0.12 and erasing all intraday gains. Ahead of the spike, five new Hyperliquid addresses simultaneously deposited funds around 1:00 AM: each transaction exceeded $200k, totaling ~$1.292 million. They then heavily opened leveraged XPL long positions, likely coordinating with buy orders on other platforms to pump the price. During this run, the five addresses racked up massive unrealized profits, more than doubling their initial capital. Between 4:30–4:40 AM, the five addresses quickly withdrew all deposited margins plus gains—pushing their liquidation price sharply higher, near the threshold. At 5:10 AM, they were simultaneously liquidated at ~$0.12971, triggering

April 3rd – Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, noted that a critical shift in the macro environment followed former President Donald Trump’s latest national address on Iran. The market has transitioned from being driven by “high interest rates + inflation constraints” to a new phase marked by “geopolitically driven supply shocks + policy uncertainty.” Oil prices rallied past $100 (WTI crude topping $103), the risk premium for the Strait of Hormuz surged, and U.S. Treasury yields climbed in tandem. Markets interpreted this as a mix of “stickier inflation and a longer tightening cycle,” forming a dual negative feedback loop of tightening liquidity and higher discount rates for risk assets. For the crypto market, the key question is whether global risk appetite has contracted. Oil price gains are essentially a reallocation of global liquidity: more capital is being passively deployed to hedge energy costs and inflation, reducing margin

April 3rd — According to official sources, OKX will support network upgrades for Polygon, Kaia, and Flare. To ensure a smooth upgrade process, the platform will suspend: - Kaia network deposits/withdrawals starting at 08:30 UTC+8 on April 7, 2026; - Polygon network deposits/withdrawals starting at 21:30 UTC+8 on April 8, 2026; - Flare network deposits/withdrawals starting at 19:30 UTC+8 on April 14, 2026. Please avoid making deposit or withdrawal transactions for the affected tokens during the upgrades to prevent fund losses. Once the upgrades are completed and running stably, deposit/withdrawal services will resume without further notice. Trading of the affected tokens will not be disrupted during the upgrades, but note market volatility risks.