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On April 5, Bitcoin at Block, led by Jack Dorsey, announced that it will launch the Bitcoin 'faucet' page btc.day on April 6. Images suggest that this event may offer the equivalent of $1 million in Bitcoin (approximately 15 BTC). This initiative aims to pay tribute to the early Bitcoin faucet activities from 2010, originally introduced by one of Bitcoin's early core developers, Gavin Andresen, who rewarded users with 5 BTC each time (worth only a few cents at the time).

[Bitcoin at Block, Led by Jack Dorsey, to Relaunch Bitcoin Faucet on April 6]On April 5, Bitcoin at Block, led by Jack Dorsey, announced that it will launch the Bitcoin 'faucet' page btc.day on April 6. Images suggest that this event may offer the equivalent of $1 million in Bitcoin (approximately 15 BTC). This initiative aims to pay tribute to the early Bitcoin faucet activities from 2010, originally introduced by one of Bitcoin's early core developers, Gavin Andresen, who rewarded users with 5 BTC each time (worth only a few cents at the time).

Bitcoin at Block, Led by Jack Dorsey, to Relaunch Bitcoin Faucet on April 6

On April 5, NBC reported that the prediction market platform Polymarket issued an apology for allowing users to bet on the fate of a U.S. pilot from a fighter jet shot down over Iran. A U.S. official previously stated that a two-seat F-15E 'Strike Eagle' was downed on Friday. One crew member has been rescued, but the other remains missing. In a market that was later deleted, users could predict when the pilot would be rescued, with most guessing it would happen on Saturday. The market was titled: 'U.S. confirms pilot will be rescued on...?' U.S. Congressman Seth Moulton, a veteran of the Marine Corps who served in Iraq, harshly criticized the market on social media platform X, pointing out that it was inappropriate to bet on such matters while dangerous rescue operations were underway in Iran. In response to Moulton's post on X, Polymarket expressed its apology and stated that the market had been removed. The company wrote: 'We have immediately removed this market as it does not meet our integrity standards. This content should not have been published, and we are investigating how it bypassed our internal review mechanisms.'

[Polymarket Apologizes for Allowing Bets on Fate of U.S. Pilot Shot Down in Iran]On April 5, NBC reported that the prediction market platform Polymarket issued an apology for allowing users to bet on the fate of a U.S. pilot from a fighter jet shot down over Iran. A U.S. official previously stated that a two-seat F-15E 'Strike Eagle' was downed on Friday. One crew member has been rescued, but the other remains missing. In a market that was later deleted, users could predict when the pilot would be rescued, with most guessing it would happen on Saturday. The market was titled: 'U.S. confirms pilot will be rescued on...?' U.S. Congressman Seth Moulton, a veteran of the Marine Corps who served in Iraq, harshly criticized the market on social media platform X, pointing out that it was inappropriate to bet on such matters while dangerous rescue operations were underway in Iran. In response to Moulton's post on X, Polymarket expressed its apology and stated that the market had been removed. The company wrote: 'We have immediately removed this market as it does not meet our integrity standards. This content should not have been published, and we are investigating how it bypassed our internal review mechanisms.'

Polymarket Apologizes for Allowing Bets on Fate of U.S. Pilot Shot Down in Iran

On April 5, Iranian media reported that Iran warned the United States and Israel that if the situation continues to escalate, "the entire region will become your hell." (Jinshi)

[Iran Responds: If Situation Escalates, the Entire Middle East Will Be Hell for the US and Israel]On April 5, Iranian media reported that Iran warned the United States and Israel that if the situation continues to escalate, "the entire region will become your hell." (Jinshi)

Iran Responds: If Situation Escalates, the Entire Middle East Will Be Hell for the US and Israel

On April 5, according to Xinhua News Agency, Abdollahian, the commander of the Central Headquarters of the Iranian Armed Forces, responded on the 4th to the '48-hour' ultimatum issued by U.S. President Trump, emphasizing that the Iranian military will firmly defend national rights and protect state assets, making aggressors pay the price. The Islamic Republic of Iran Broadcasting reported that Abdollahian stated that after facing continuous failures, Trump has resorted to 'helpless, panicked, unbalanced, and foolish actions' in an attempt to threaten Iran's infrastructure and national assets. Abdollahian stressed that if the U.S. and Israel launch such attacks, 'we will launch sustained and devastating strikes on all infrastructures used by U.S. forces and Israeli infrastructures without restrictions.' He reminded the U.S. and Israel that since the beginning of this imposed war on Iran, 'everything we have said has been put into action.'

[Iranian Military Rejects Trump's '48-Hour' Ultimatum]On April 5, according to Xinhua News Agency, Abdollahian, the commander of the Central Headquarters of the Iranian Armed Forces, responded on the 4th to the '48-hour' ultimatum issued by U.S. President Trump, emphasizing that the Iranian military will firmly defend national rights and protect state assets, making aggressors pay the price. The Islamic Republic of Iran Broadcasting reported that Abdollahian stated that after facing continuous failures, Trump has resorted to 'helpless, panicked, unbalanced, and foolish actions' in an attempt to threaten Iran's infrastructure and national assets. Abdollahian stressed that if the U.S. and Israel launch such attacks, 'we will launch sustained and devastating strikes on all infrastructures used by U.S. forces and Israeli infrastructures without restrictions.' He reminded the U.S. and Israel that since the beginning of this imposed war on Iran, 'everything we have said has been put into action.'

Iranian Military Rejects Trump's '48-Hour' Ultimatum

On April 5, Michael Saylor tweeted that Bitcoin has emerged victorious, with a global consensus recognizing it as 'digital capital.' The traditional four-year cycle has ended, and price movements are now driven more by capital flows, with the banking system and digital credit determining Bitcoin's future growth trajectory. He also warned that the biggest risk lies in erroneous ideas leading to 'iatrogenic' modifications of the protocol, meaning that human intervention could potentially harm the Bitcoin protocol itself.

[Michael Saylor: The Four-Year Bitcoin Cycle is Dead, Biggest Risk Lies in Erroneous Protocol Modifications]On April 5, Michael Saylor tweeted that Bitcoin has emerged victorious, with a global consensus recognizing it as 'digital capital.' The traditional four-year cycle has ended, and price movements are now driven more by capital flows, with the banking system and digital credit determining Bitcoin's future growth trajectory. He also warned that the biggest risk lies in erroneous ideas leading to 'iatrogenic' modifications of the protocol, meaning that human intervention could potentially harm the Bitcoin protocol itself.

Michael Saylor: The Four-Year Bitcoin Cycle is Dead, Biggest Risk Lies in Erroneous Protocol Modifications

On April 5, the decentralized lending protocol Project 0 announced the resumption of operations. Previously, Project 0 had paused operations and initiated a deleveraging process due to a hacker attack on the Drift protocol. Project 0 stated that the remaining socialized loss amounts to approximately $1.9147 million, which will be distributed across the credit pool, resulting in an average write-down of 2.61% for lenders' assets. 

According to asset risk levels, the write-downs for USDC, SOL, and USDT are 1%, while mainstream assets like BTC and ETH face a 2.61% write-down, and WIF, BONK, and governance tokens face a 6.62% write-down. Project 0 indicated that as Drift assets are gradually unlocked and returned to affected users, the actual loss will be lower than the aforementioned benchmark figures. 

MacBrennan, co-founder of Project 0, previously explained that the protocol utilizes a unified credit pool to achieve cross-protocol margin functionality, which is a core mechanism of P0. However, some community members expressed dissatisfaction, stating that they were affected even though they did not directly participate in Drift lending.

[Project 0 Resumes Operations After Drift Deleveraging, Average Lender Asset Write-Down of 2.61%]On April 5, the decentralized lending protocol Project 0 announced the resumption of operations. Previously, Project 0 had paused operations and initiated a deleveraging process due to a hacker attack on the Drift protocol. Project 0 stated that the remaining socialized loss amounts to approximately $1.9147 million, which will be distributed across the credit pool, resulting in an average write-down of 2.61% for lenders' assets. 

According to asset risk levels, the write-downs for USDC, SOL, and USDT are 1%, while mainstream assets like BTC and ETH face a 2.61% write-down, and WIF, BONK, and governance tokens face a 6.62% write-down. Project 0 indicated that as Drift assets are gradually unlocked and returned to affected users, the actual loss will be lower than the aforementioned benchmark figures. 

MacBrennan, co-founder of Project 0, previously explained that the protocol utilizes a unified credit pool to achieve cross-protocol margin functionality, which is a core mechanism of P0. However, some community members expressed dissatisfaction, stating that they were affected even though they did not directly participate in Drift lending.

Project 0 Resumes Operations After Drift Deleveraging, Average Lender Asset Write-Down of 2.61%

On April 5, Reuters reported that a senior Israeli defense official stated on Saturday local time that Israel is preparing to launch an attack on Iran's energy facilities, but is currently waiting for U.S. permission. He also mentioned that such an attack is likely to be carried out within the next week. These comments came after U.S. President Donald Trump issued a 48-hour ultimatum, raising concerns about whether the U.S. will support Israel in taking further military action against Iran.

[Israeli Official: Preparing to Attack Iranian Energy Facilities, Awaiting U.S. Approval]On April 5, Reuters reported that a senior Israeli defense official stated on Saturday local time that Israel is preparing to launch an attack on Iran's energy facilities, but is currently waiting for U.S. permission. He also mentioned that such an attack is likely to be carried out within the next week. These comments came after U.S. President Donald Trump issued a 48-hour ultimatum, raising concerns about whether the U.S. will support Israel in taking further military action against Iran.

Israeli Official: Preparing to Attack Iranian Energy Facilities, Awaiting U.S. Approval

HTX data showed that BTC fell below 67000  USDT and is now at 66995.62 USDT, with a increase of 0.21% in 24H.

[BTC fell below 67000  USDT] HTX data showed that BTC fell below 67000  USDT and is now at 66995.62 USDT, with a increase of 0.21% in 24H.

BTC fell below 67000  USDT

On April 5, economists indicated that the sudden rise in gasoline prices, which consumers are feeling firsthand, will be fully reflected in the key inflation data to be released this week. The U.S. March CPI is expected to increase by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may rise by 0.3% month-on-month. Economists pointed out that persistent price pressures and new inflation risks arising from the Middle East conflict may make it difficult for the Federal Reserve to lower interest rates this year. (Jinshi)

[Economists Predict 1% Month-on-Month Increase in U.S. March CPI, Fed May Struggle to Cut Rates]On April 5, economists indicated that the sudden rise in gasoline prices, which consumers are feeling firsthand, will be fully reflected in the key inflation data to be released this week. The U.S. March CPI is expected to increase by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may rise by 0.3% month-on-month. Economists pointed out that persistent price pressures and new inflation risks arising from the Middle East conflict may make it difficult for the Federal Reserve to lower interest rates this year. (Jinshi)

Economists Predict 1% Month-on-Month Increase in U.S. March CPI, Fed May Struggle to Cut Rates

1. Joe Biden leads ‘critical’ call for game-changing, global Bitcoin and crypto rules after shock FTX collapse.
2. Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin.
3. Court sets Jan. 3 deadline for Celsius customers to file claims in bankruptcy case.

Detail

【Huobi Breaking News】1. Joe Biden leads ‘critical’ call for game-changing, global Bitcoin and crypto rules after shock FTX collapse.
2. Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin.
3. Court sets Jan. 3 deadline for Celsius customers to file claims in bankruptcy case.

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Huobi Breaking News

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