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On April 16, Drift announced that the Drift Protocol has received support from Tether and other partners, with Tether contributing $127.5 million and other partners contributing $20 million to assist in user recovery following the attack on April 1. The support plan includes a $100 million revenue-linked credit line, ecosystem grants, and loans to market makers. Drift will establish a dedicated user recovery pool aimed at gradually addressing the $295 million in outstanding user losses as trading revenues increase. Additionally, Drift will issue independent recovery tokens to affected users, which represent a claim to the recovery pool and can be transferred. Drift is currently working on restarting the protocol and has hired Ottersec and Asymmetric for audits, while migrating the settlement layer from USDC to USDT. The previous attack resulted in the theft of approximately $295 million in assets, while the insurance fund's assets remained unaffected.

[Drift Secures $147.5 Million in Funding from Tether for User Recovery]On April 16, Drift announced that the Drift Protocol has received support from Tether and other partners, with Tether contributing $127.5 million and other partners contributing $20 million to assist in user recovery following the attack on April 1. The support plan includes a $100 million revenue-linked credit line, ecosystem grants, and loans to market makers. Drift will establish a dedicated user recovery pool aimed at gradually addressing the $295 million in outstanding user losses as trading revenues increase. Additionally, Drift will issue independent recovery tokens to affected users, which represent a claim to the recovery pool and can be transferred. Drift is currently working on restarting the protocol and has hired Ottersec and Asymmetric for audits, while migrating the settlement layer from USDC to USDT. The previous attack resulted in the theft of approximately $295 million in assets, while the insurance fund's assets remained unaffected.

Drift Secures $147.5 Million in Funding from Tether for User Recovery

On April 16, according to HTX data, ORDI has continued to rise, briefly surpassing $7, currently priced at $6.889, with a 24-hour increase of 151%. In the past 12 hours, the total liquidation amount for RAVE contracts across the network reached $11.91 million, with long positions liquidated at $9.47 million and short positions at $2.44 million. This liquidation amount exceeds that of Bitcoin and Ethereum, ranking first across the network.

[ORDI Surges Past $7, Leading Liquidations Across the Network]On April 16, according to HTX data, ORDI has continued to rise, briefly surpassing $7, currently priced at $6.889, with a 24-hour increase of 151%. In the past 12 hours, the total liquidation amount for RAVE contracts across the network reached $11.91 million, with long positions liquidated at $9.47 million and short positions at $2.44 million. This liquidation amount exceeds that of Bitcoin and Ethereum, ranking first across the network.

ORDI Surges Past $7, Leading Liquidations Across the Network

On April 16, local time, U.S. Secretary of Defense Lloyd Austin stated at a press conference that the U.S. Treasury Department is initiating an operation codenamed 'Economic Fury' to 'apply maximum economic pressure on Iran.' (CCTV)

[U.S. Launches Operation 'Economic Fury' Against Iran]On April 16, local time, U.S. Secretary of Defense Lloyd Austin stated at a press conference that the U.S. Treasury Department is initiating an operation codenamed 'Economic Fury' to 'apply maximum economic pressure on Iran.' (CCTV)

U.S. Launches Operation 'Economic Fury' Against Iran

On April 16, U.S. Defense Secretary Lloyd Austin stated, 'If Iran makes a wrong decision and refuses to reach an agreement, we will be prepared to restart military operations. The U.S. is reinforcing its capabilities with unprecedented strength.' (Jinshi)

[U.S. Defense Secretary: Ready to Resume Military Operations if Iran Makes Wrong Decisions and Rejects Agreement]On April 16, U.S. Defense Secretary Lloyd Austin stated, 'If Iran makes a wrong decision and refuses to reach an agreement, we will be prepared to restart military operations. The U.S. is reinforcing its capabilities with unprecedented strength.' (Jinshi)

U.S. Defense Secretary: Ready to Resume Military Operations if Iran Makes Wrong Decisions and Rejects Agreement

On April 16, Fox (FOXA.O) designated Amazon Web Services as its preferred AI cloud service provider. (Jin Shi)

[Fox Designates Amazon Web Services as Preferred AI Cloud Provider]On April 16, Fox (FOXA.O) designated Amazon Web Services as its preferred AI cloud service provider. (Jin Shi)

Fox Designates Amazon Web Services as Preferred AI Cloud Provider

On April 16, U.S. Secretary of Defense Lloyd Austin stated at a press conference that the U.S. Treasury Department is launching an operation codenamed 'Economic Fury' to 'maximize economic pressure on Iran.' (CCTV)

[U.S. Launches Operation 'Economic Fury' Against Iran]On April 16, U.S. Secretary of Defense Lloyd Austin stated at a press conference that the U.S. Treasury Department is launching an operation codenamed 'Economic Fury' to 'maximize economic pressure on Iran.' (CCTV)

On April 16, US Secretary of Defense Lloyd Austin stated at a Pentagon press conference on Thursday that if Iran does not agree to a peace agreement, US troops stationed in the Middle East are prepared to resume military operations. "Iran, you can choose a prosperous future, a golden bridge, and we hope you do this for the Iranian people," he said. "But if Iran makes the wrong choice, they will face blockades, and their infrastructure, electricity, and energy will suffer bombings." As part of efforts to pressure Tehran to reach an agreement, the US military is implementing a blockade on all vessels attempting to enter or exit Iran.

[US Secretary: Military Ready to Resume Operations if Iran Fails to Reach Peace Agreement]On April 16, US Secretary of Defense Lloyd Austin stated at a Pentagon press conference on Thursday that if Iran does not agree to a peace agreement, US troops stationed in the Middle East are prepared to resume military operations. "Iran, you can choose a prosperous future, a golden bridge, and we hope you do this for the Iranian people," he said. "But if Iran makes the wrong choice, they will face blockades, and their infrastructure, electricity, and energy will suffer bombings." As part of efforts to pressure Tehran to reach an agreement, the US military is implementing a blockade on all vessels attempting to enter or exit Iran.

US Secretary: Military Ready to Resume Operations if Iran Fails to Reach Peace Agreement

Market data shows that TAO has fallen below $240, currently priced at $239.9, with a 24-hour decline of 3.62%. The market is experiencing significant volatility, so please ensure proper risk management.

[TAO Falls Below $240]Market data shows that TAO has fallen below $240, currently priced at $239.9, with a 24-hour decline of 3.62%. The market is experiencing significant volatility, so please ensure proper risk management.

TAO Falls Below $240

On April 16, in response to rumors that ByteDance spent nearly 100 million yuan to recruit former DeepSeek researcher Guo Daya, Douyin Vice President Li Liang stated that the salary system for all technical personnel in the Seed team at ByteDance is the same. This includes cash, ByteDance stock options, and Doubao options, with options fully vesting over four years without any conditions required to receive the full amount. Recently, there have been no hires with annual salaries nearing 100 million yuan. The future earnings of Seed employees from ByteDance and Doubao options may fluctuate based on option prices, and if the business develops well, it is possible that some Seed technical personnel could see earnings reach several hundred million yuan after four years.

[ByteDance Responds to Rumors of Hiring DeepSeek Core Employee for Nearly 100 Million Yuan]On April 16, in response to rumors that ByteDance spent nearly 100 million yuan to recruit former DeepSeek researcher Guo Daya, Douyin Vice President Li Liang stated that the salary system for all technical personnel in the Seed team at ByteDance is the same. This includes cash, ByteDance stock options, and Doubao options, with options fully vesting over four years without any conditions required to receive the full amount. Recently, there have been no hires with annual salaries nearing 100 million yuan. The future earnings of Seed employees from ByteDance and Doubao options may fluctuate based on option prices, and if the business develops well, it is possible that some Seed technical personnel could see earnings reach several hundred million yuan after four years.

ByteDance Responds to Rumors of Hiring DeepSeek Core Employee for Nearly 100 Million Yuan

Bitcoin Fear and Greed Index is 64. Greed.
Current Price: $96066.32.

[Bitcoin Fear and Greed Index is 64]Bitcoin Fear and Greed Index is 64. Greed.
Current Price: $96066.32.

Bitcoin Fear and Greed Index is 64

Article

edge soared to 1.0899 USDT, a new high with a 24-hour increase of -0.10%. It currently trades at 1.027 USDT on HTX.

cfg soared to 0.2115 USDT, a new high with a 24-hour increase of -4.34%. It currently trades at 0.2005 USDT on HTX.

Israel Warns of Possible Renewed Conflict with Iran, Continues Strikes on Hezbollah

SpaceX Plans Site Visits for Potential Major Investors Ahead of Large IPO

US Dollar Index Declines 0.07% on April 15

Iranian Speaker Ghalibaf: Lebanon's Ceasefire is a Result of Resistance Front's Struggle

Bitunix Analyst: Energy Supply Risks Shift to Manageable but Not Resolved, Delayed Responses in Policy and Corporate Behavior, Market Enters Asymmetric Pricing Phase

Bitcoin Fear and Greed Index is 64

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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