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As Market Bets Pause, New Address Goes Long 43.7M on Crude Oil Amid Ceasefire Expectation, Conflict Unresolved Within Day

2 hours ago

April 1 – Per HyperInsight monitoring, a new wallet starting with 0x9d3 transferred three large sums totaling $19.6 million to Hyperliquid overnight, all withdrawn from its Binance account. At the time, WTI and Brent crude had fallen to recent lows amid expectations of easing geopolitical tensions. The wallet went bottom-fishing, opening 20x leveraged long positions on both WTIOIL and BRENTOIL, and continuously added to its holdings via rollovers in the hour prior to the reporting cutoff. It now holds the largest WTI crude long position on Hyperliquid. The total size of the two long positions has since grown to $43.7 million, with average entry prices of $102.2 (WTI) and $106.5 (Brent). The move is a heavy bet on renewed geopolitical tensions and a rebound in oil prices.
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Suspected April Fools' Day Prank, Liquity Claims to Have Been Acquired by Circle as Token Price Surges Over 10%

April 1: Liquity took to its official social media to claim stablecoin giant Circle has acquired the protocol. In the post, the team stated the acquisition would enable Circle to offer an unfreezable stablecoin and distribute earnings directly under the Clarity Act. While the announcement reads like an April Fools' Day prank, it still sent LQTY’s price surging over 11% to $0.295. As of press time, the Liquity team has yet to issue further clarification.

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Fidelity: Anticipates that as the industry matures, Bitcoin's bull and bear market cycles will gradually narrow

April 1 — Fidelity Digital Assets noted Wednesday that Bitcoin has fallen roughly 50% in its current market cycle, a pullback far smaller than in prior cycles, and suggested this trend could persist over time. Fidelity Digital Assets research analyst Zack Wainwright said Tuesday that Bitcoin has historically seen sharp 80% to 90% pullbacks after hitting new all-time highs—but this cycle’s retracement is around 50%. Looking at Bitcoin’s price performance relative to the peak of the prior cycle, a “diminishing returns” pattern has emerged between cycles, he added. “Each cycle’s upward momentum has weakened compared to the one before,” Wainwright explained. “This cycle—extending to 2026—has also seen reduced downside risk.”

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Goldman Sachs: Likelihood of US Rate Hike This Year Still Low

April 1: A Goldman Sachs analyst noted in a report that U.S. Federal Funds Rate market pricing has seen significant volatility since the outbreak of the Iran-Iraq conflict, but the likelihood of a rate hike this year remains low. The analyst pointed out the current supply shock is relatively small, with a more limited inflation impact than past shocks that triggered inflation concerns. Oil price gains are also smaller than those in the 1970s. Additionally, the analyst argued: “The economy’s starting point makes large-scale inflation spillover less likely,” and the current monetary policy starting point has cut rate hike odds. Key takeaway: “The Fed typically does not tighten policy solely in response to an oil shock.”

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US-Iran Tensions Ease, South Korea and Japan Stock Markets Surge

April 1: Per Bitget data, South Korea’s KOSPI index closed up 9% and is currently at 5,507.50 points. Japan’s Nikkei 225 index surged 5% intraday and now trades at 53,625.91 points.

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Flash Loan Attack: LML Plunges Over 99% in Price After Being Exploited, Resulting in a Loss of Around $950,000

On April 1st, per PeckShieldAlert’s monitoring, LML was hacked, resulting in losses of roughly $950,000. This attack triggered a 99.6% plunge in the LML token’s value. The attacker swapped $950,000 worth of USDT for 450.6 ETH and deposited the ETH into Tornado Cash.

5 minutes ago

A whale went 20x long on BTC and ETH, with a position value of $80 million

April 1st: Per LookOnChain data, whale address 0x049b holds a 20x leveraged long position comprising 19,007 ETH (valued at $40.08M) and 587 BTC (valued at $40.05M).

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