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Drift Protocol TVL Slashed by Half, Potential Loss of $270 Million

2 hours ago

April 2: Solana DeFi protocol Drift Protocol was hacked this morning. Preliminary estimates indicate roughly $220 million to $270 million in assets were suspiciously transferred to the address HkGz4K. Subsequently, some of the stolen assets were bridged to Ethereum to purchase ETH—19,913 ETH has been acquired so far, totaling $42.6 million. The attacker also converted a portion of the stolen SOL to ETH on Hyperliquid and transferred additional stolen SOL to Binance. Current on-chain data shows Drift Protocol’s total value locked (TVL) has plummeted to $255 million, a sharp drop from its pre-hack TVL of $534 million.
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HyperEVM is experiencing a major outage

On April 2nd, a major system failure hit HyperEVM, with numerous users and monitoring tools detecting network anomalies that prevented proper interaction with the platform. Hyperliquid’s official status page currently lists “All Systems Operational,” but this typically only covers its core L1 and API—it does not necessarily reflect real-time issues at the HyperEVM layer. HyperEVM is an EVM-compatible smart contract environment built atop Hyperliquid, with its mainnet launching in early March 2026. Discussions about the platform on X are surging, with some users reporting problems including transaction failures, contract interaction issues, and browser-related glitches.

3 minutes ago

Spot Gold and Silver Continue to Decline, Gold Falls Below $4700 Support

On April 2, per Bitget market data, spot gold fell below $4,700 per ounce, posting an intraday loss of 1.22%. Spot silver dropped to $73 per ounce, down 2.73% on the day.

3 minutes ago

Trump Concludes Iran Remarks, Gold Retreats 0.79% Intraday, WTI Crude Up Over 4.1%

April 2: U.S. President Donald Trump has wrapped up his speech on Iran, with spot gold down 0.79% intraday to $4,702; WTI crude oil is up more than 4.1%, now trading at $103.44.

3 minutes ago

During Trump's Speech, US Stock Index Futures Fall, Oil Price Continues to Rise

On April 2, U.S. stock index futures dipped as President Trump delivered a speech on Iran. S&P 500 futures were last down 0.5%. WTI crude climbed above $103 per barrel, up 4.07% intraday. Brent crude jumped $4 intraday to $102.86 a barrel, a 4.06% gain. Trump stated that Iran’s energy facilities would be targeted if no agreement is reached.

3 minutes ago

Trump: Heavy Blow to Iran Coming in the Next Two to Three Weeks

April 2: U.S. President Donald Trump stated Iran will face severe retaliation in the next two to three weeks. The response to Iran’s military concerns will hit Iran very fast and very hard. Replacing Iran’s regime is not part of the U.S. plan, but it has occurred. Our objective is clear: destroy Iran’s capability to threaten the United States and dismantle its defense industry. (USDC)

3 minutes ago

Trump: We Didn't Need the Strait of Hormuz in the Past, We Don't Need It Now

U.S. President Donald Trump stated on April 2 that the U.S. neither needed the Strait of Hormuz in the past nor needs it now. Once the conflict ends, the strait will naturally reopen. Iran is effectively destroyed, and the hardest part is behind us. Iran had been stockpiling conventional ballistic missiles that could soon have reached the U.S. mainland, Europe, and nearly any other location on Earth. Iran possessed certain weapons that no one believed it had, and we destroyed those weapons.

3 minutes ago

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