The UK regulatory body has removed Coinbase ads over 'irresponsible' concerns

April 3 — Conflict in the Middle East has disrupted shipping through the Strait of Hormuz, sending global shipping costs sharply higher and pushing war risk insurance premiums for vessels to skyrocket. Additionally, shipping firms are factoring in freight rates, with industry insiders noting current rates have jumped 11 to 12 times. The mounting costs of insurance and rerouting are continuing to hit global trade and supply chain security, per CCTV Finance.

As of April 3rd, per Coinglass data: - A Bitcoin decline below $65,000 would trigger cumulative intensity of long liquidations totaling $1.143 billion across major centralized exchanges (CEXs). - Conversely, a Bitcoin rise above $68,000 would lead to cumulative intensity of short liquidations worth $754 million on these same platforms. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. Instead, the bars represent the relative importance of each liquidation cluster compared to neighboring clusters—defined here as "intensity." This means the chart shows how strongly a given price level will impact the market. A taller "liquidation bar" indicates that hitting that price will spark a more intense reaction due to a liquidity cascade.

On April 3rd local time, UAE Ministry of Defense spokesperson Hou Maidi told reporters in an interview that no attacks on Iran have been launched from UAE territory, firmly rejecting claims that the U.S. military carried out strikes on Iran from a base inside the UAE. Maidi emphasized the UAE is currently focused on defense while “retaining all military options.” He added the UAE will not tolerate violations of its sovereignty and security and will take all necessary measures to counter threats. (CCTV News)

On April 3, Deepcoin announced the official launch of its **Event Contracts** feature. This rollout follows the platform’s official collaboration with prediction market Polymarket in February 2024, aiming to give centralized exchange (CEX) users a direct entry point to trade on global hot-button events. Technically, Deepcoin didn’t just embed a Polymarket page—instead, it integrated and synchronized settlements with Polymarket’s underlying logic. That means Deepcoin users can trade global event contracts directly using their platform accounts, with market quotes and liquidity fully aligned to Polymarket’s. For user experience, Deepcoin optimized the process to fit professional traders’ habits. In its official statement, the platform noted that as the official partner of the Argentine national team, it will continue refining trading tools tailored to CEX users’ preferences.

April 3rd: Per HyperInsight monitoring, disruptions to Middle East crude oil shipments have pushed the market to pivot to physical WTI crude demand. U.S. oil futures have overtaken Brent, with Hyperliquid’s WTIOIL token currently trading at $111—intraday volume also outpacing BRENTOIL. A whale with the address starting 0x9d3 has been closing out its 20x leveraged long position on BRENTOIL overnight into this morning, fully liquidating a $13.43 million position and netting a final profit of ~$2,830. The released margin was then fully reinvested into WTIOIL, boosting its position size to $35.4 million (average entry price: $102.5) with current unrealized profits of $2.72 million (+15.5%).

April 3rd — Per data from Cloverpool, Bitcoin’s mining difficulty was adjusted at block height 943,488 (at 17:28:40 Beijing time today), rising 3.87% to 138.97 T. The network’s current 7-day average hash rate stands at 986.74 EH/s.