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The UAE Seeks to Forcefully Open the Hormuz Strait and is Willing to Join Combat

2 hours ago

April 1 (Wall Street Journal) — The United Arab Emirates (UAE) is seeking to force open the Strait of Hormuz and says it’s willing to join military action, per the Journal. The UAE has begun efforts to persuade the U.S. and other nations to stand ready to open the waterway at any cost if needed.
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Justin Sun's wallet moved $16,198,700 worth of a meme coin to HTX

April 1st — On-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address linked to Justin Sun deposited approximately $16.1997 million worth of five tokens into HTX overnight. The deposit breakdown includes: - ~$2.53 million in TRX - ~$13.45 million in stablecoins (USDT, USDC, USDD) - ~$1,270 in FF - ~$75,000 in KERNEL - ~$132,000 in LIT Notably, FF, KERNEL, and LIT are all project airdrops (excluding TRX and stablecoins), and the transfer may signal a sell-off.

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Media and eyewitnesses describe the explosion in the Iranian capital Tehran as "unprecedented."

April 1: Explosion in Tehran unprecedented in scale, according to Iranian media and witnesses. (Jin10 Data)

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Current mainstream CEX, DEX funding rates show the market slightly returning to neutrality

April 1 — Per Coinglass data, Bitcoin rebounded to $68,000 this morning, with funding rates across major centralized (CEX) and decentralized (DEX) exchanges showing a slight easing of bearish sentiment, returning to neutral levels. Specific funding rates are detailed in the attached chart. BlockBeats Note: Funding rates are set by crypto exchanges to align perpetual contract prices with their underlying asset values. They facilitate fund transfers between long and short traders—exchanges do not collect this fee. The rate adjusts traders’ holding costs or profits to keep contract prices close to underlying asset prices. - A 0.01% rate is the baseline. - Rates above 0.01% signal a generally bullish market. - Rates below 0.005% signal a generally bearish market.

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A certain BTC FOMO whale suffered a short position liquidation with over 20% loss, reaching a position size of $6.76 million.

On April 1st, per HyperInsight monitoring (via https://t.me/HyperInsight), the “30x Longing Whale” (address 0x8d0) stubbornly opened a 20x-leveraged BTC long position this morning. Within three hours, its floating loss widened to -21% — approximately $70,000. As of now, the whale holds 100 BTC in long positions, valued at roughly $6.76 million, with an average entry price of $68,333.

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Spot Silver Falls Below $74/oz, Down 1.58% on the Day

On April 1st, data from Bitget shows spot silver has fallen below $74 per ounce, with an intraday decline of 1.58%.

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Thousands of US Troops Headed to the Middle East

April 1 — U.S. officials and sources report thousands of American troops are being deployed to the Middle East. Two U.S. officials confirmed the USS George H.W. Bush aircraft carrier was deployed April 1, set to head to the region with three accompanying destroyers. The carrier strike group includes more than 6,000 sailors. Separately, two anonymous U.S. officials note thousands of U.S. Army 82nd Airborne Division troops have also arrived in the Middle East. (CCTV News)

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