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Wang Chun, co-founder of F2Pool, stated on the X platform that Bitcoin protocol upgrades should not adopt forced approaches similar to those used by American politicians with 'omnibus bills.' This is also a key reason for his opposition to BIP-110 and BIP-54. Several issues under discussion lack actual urgency: for instance, the 'Timewarp attack' has existed for a long time but does not provide substantial benefits to miners; block validation efficiency has significantly improved due to libsecp256k1 and hardware upgrades, making protocol layer adjustments unnecessary; and the 'forgery of confirmed transactions' fundamentally relies on breaking the double SHA256 collision, which, if successful, would mean that Bitcoin's core security has been compromised. Wang Chun added that the aforementioned issues are insufficient to drive protocol modifications, and currently, only the 'duplicate transactions' issue holds some repair value, potentially being one of the few changes worth implementing.

[F2Pool Co-founder Wang Chun: Bitcoin Protocol Upgrades Should Avoid Forced Approaches Like 'Omnibus Bills']Wang Chun, co-founder of F2Pool, stated on the X platform that Bitcoin protocol upgrades should not adopt forced approaches similar to those used by American politicians with 'omnibus bills.' This is also a key reason for his opposition to BIP-110 and BIP-54. Several issues under discussion lack actual urgency: for instance, the 'Timewarp attack' has existed for a long time but does not provide substantial benefits to miners; block validation efficiency has significantly improved due to libsecp256k1 and hardware upgrades, making protocol layer adjustments unnecessary; and the 'forgery of confirmed transactions' fundamentally relies on breaking the double SHA256 collision, which, if successful, would mean that Bitcoin's core security has been compromised. Wang Chun added that the aforementioned issues are insufficient to drive protocol modifications, and currently, only the 'duplicate transactions' issue holds some repair value, potentially being one of the few changes worth implementing.

F2Pool Co-founder Wang Chun: Bitcoin Protocol Upgrades Should Avoid Forced Approaches Like 'Omnibus Bills'

The People's Court of Qinzou District, Tianshui, Gansu Province, recently tried a criminal case involving virtual currency, where the defendant, aware that the funds were obtained through fraud, repeatedly withdrew over 390,000 yuan within seven days in areas without surveillance, while working as a 'high-paying errand runner.' The defendant then converted the funds into virtual currency and transferred them to an upper-level accomplice, earning a profit of 21,500 yuan. The court found the defendant guilty of concealing and disguising criminal proceeds, sentencing them to two years and four months in prison, imposing a fine of 10,000 yuan, and ordering the return of the illegal gains. The judge warned that offline cash withdrawals have become a critical step in laundering proceeds from telecom fraud, and activities like 'errand cash withdrawals' and 'high-paying daily settlements' are often part of the fraud chain. The public should be vigilant against cash collection, money transfers, and assisting in fund transfers to avoid becoming accomplices in crime.

[Tianshui Court Sentences Defendant to 2 Years and 4 Months for Laundering Virtual Currency Proceeds]The People's Court of Qinzou District, Tianshui, Gansu Province, recently tried a criminal case involving virtual currency, where the defendant, aware that the funds were obtained through fraud, repeatedly withdrew over 390,000 yuan within seven days in areas without surveillance, while working as a 'high-paying errand runner.' The defendant then converted the funds into virtual currency and transferred them to an upper-level accomplice, earning a profit of 21,500 yuan. The court found the defendant guilty of concealing and disguising criminal proceeds, sentencing them to two years and four months in prison, imposing a fine of 10,000 yuan, and ordering the return of the illegal gains. The judge warned that offline cash withdrawals have become a critical step in laundering proceeds from telecom fraud, and activities like 'errand cash withdrawals' and 'high-paying daily settlements' are often part of the fraud chain. The public should be vigilant against cash collection, money transfers, and assisting in fund transfers to avoid becoming accomplices in crime.

Tianshui Court Sentences Defendant to 2 Years and 4 Months for Laundering Virtual Currency Proceeds

Hyperscale Data, a publicly traded Bitcoin treasury company, announced that its subsidiary Ault Lending LLC and RiskOn International have received approximately $26.6 million from a multi-year lawsuit settlement. The specific terms of the settlement agreement have not been disclosed, and this cash influx will further improve its liquidity. Additionally, Hyperscale Data's latest disclosure indicates that the company's Bitcoin holdings have increased to 633.8609 BTC, which includes 586.6674 BTC held by its wholly-owned subsidiary Sentinum (comprised of approximately 440.2341 BTC acquired on the open market and about 146.4333 BTC obtained through its Bitcoin mining operations), as well as approximately 47.1935 BTC purchased by another subsidiary, ACG, from the open market.

[Hyperscale Data Receives $26.6 Million Settlement to Enhance Liquidity]Hyperscale Data, a publicly traded Bitcoin treasury company, announced that its subsidiary Ault Lending LLC and RiskOn International have received approximately $26.6 million from a multi-year lawsuit settlement. The specific terms of the settlement agreement have not been disclosed, and this cash influx will further improve its liquidity. Additionally, Hyperscale Data's latest disclosure indicates that the company's Bitcoin holdings have increased to 633.8609 BTC, which includes 586.6674 BTC held by its wholly-owned subsidiary Sentinum (comprised of approximately 440.2341 BTC acquired on the open market and about 146.4333 BTC obtained through its Bitcoin mining operations), as well as approximately 47.1935 BTC purchased by another subsidiary, ACG, from the open market.

Hyperscale Data Receives $26.6 Million Settlement to Enhance Liquidity

According to on-chain data from Glassnode, in the first quarter of 2026, Bitcoin holders categorized as 'sharks' (holding 100–1,000 BTC) and 'whales' (holding 1,000–10,000 BTC) incurred average daily losses of approximately $188.5 million and $147.5 million, respectively, totaling about $337 million. Cumulatively, the losses for the year have reached as high as $30.9 billion, nearing the levels seen during the bear market of 2022. Analysis indicates that the current selling pressure is driven by rising macro risks (such as inflation expectations and crowded AI trading) and weakening market confidence, prompting large holders to accelerate their stop-loss exits. Meanwhile, long-term holders (LTH) continue to realize average daily losses of around $200 million, indicating that the market has not yet experienced a significant 'selling pressure exhaustion.' Institutions believe that under multiple pressures, Bitcoin still faces further downside risks, with some opinions suggesting a potential bottom range between $40,000 and $50,000.

[Data: Bitcoin Whales and Sharks Average Daily Loss Exceeds $300 Million in Q1, Total Losses Over $30.9 Billion for the Year]According to on-chain data from Glassnode, in the first quarter of 2026, Bitcoin holders categorized as 'sharks' (holding 100–1,000 BTC) and 'whales' (holding 1,000–10,000 BTC) incurred average daily losses of approximately $188.5 million and $147.5 million, respectively, totaling about $337 million. Cumulatively, the losses for the year have reached as high as $30.9 billion, nearing the levels seen during the bear market of 2022. Analysis indicates that the current selling pressure is driven by rising macro risks (such as inflation expectations and crowded AI trading) and weakening market confidence, prompting large holders to accelerate their stop-loss exits. Meanwhile, long-term holders (LTH) continue to realize average daily losses of around $200 million, indicating that the market has not yet experienced a significant 'selling pressure exhaustion.' Institutions believe that under multiple pressures, Bitcoin still faces further downside risks, with some opinions suggesting a potential bottom range between $40,000 and $50,000.

Data: Bitcoin Whales and Sharks Average Daily Loss Exceeds $300 Million in Q1, Total Losses Over $30.9 Billion for the Year

Shanghai has officially issued the 'Several Measures for Supporting the Development of the Gaming and eSports Industry in Shanghai' (referred to as 'Ten Measures for Gaming'). It emphasizes support for gaming and eSports companies in research and application of technologies such as AI large models, blockchain, big data, the Internet of Things, cloud computing, as well as foundational development tools like game development engines and 3D modeling software. The measures aim to actively promote the application of blockchain technology in areas such as copyright registration, rights protection, transactions, and settlements, encourage partnerships between gaming companies and electronic device manufacturers, and explore more possibilities for multi-terminal development in gaming.

[Shanghai Introduces 'Ten Measures for the Gaming Industry': Supporting eSports Companies in Blockchain Development and Application]Shanghai has officially issued the 'Several Measures for Supporting the Development of the Gaming and eSports Industry in Shanghai' (referred to as 'Ten Measures for Gaming'). It emphasizes support for gaming and eSports companies in research and application of technologies such as AI large models, blockchain, big data, the Internet of Things, cloud computing, as well as foundational development tools like game development engines and 3D modeling software. The measures aim to actively promote the application of blockchain technology in areas such as copyright registration, rights protection, transactions, and settlements, encourage partnerships between gaming companies and electronic device manufacturers, and explore more possibilities for multi-terminal development in gaming.

Shanghai Introduces 'Ten Measures for the Gaming Industry': Supporting eSports Companies in Blockchain Development and Application

In the past seven days, El Salvador has increased its Bitcoin holdings by 7 BTC, bringing its total Bitcoin holdings to 7,611.37 BTC, with a total value of $512 million.

[El Salvador's Current Bitcoin Holdings at 7,611.37 BTC]In the past seven days, El Salvador has increased its Bitcoin holdings by 7 BTC, bringing its total Bitcoin holdings to 7,611.37 BTC, with a total value of $512 million.

El Salvador's Current Bitcoin Holdings at 7,611.37 BTC

On April 5, CGTN reported, citing other sources, that the United States has officially notified Israel that negotiations with Iran have reached a deadlock. Additionally, Axios reported, citing two sources involved in the negotiations, that mediators are still attempting to facilitate direct meetings between Washington and Tehran, but to no avail. So far, Iran has rejected any proposals for a temporary ceasefire.

[Media: US-Iran Negotiations Have Stalled]On April 5, CGTN reported, citing other sources, that the United States has officially notified Israel that negotiations with Iran have reached a deadlock. Additionally, Axios reported, citing two sources involved in the negotiations, that mediators are still attempting to facilitate direct meetings between Washington and Tehran, but to no avail. So far, Iran has rejected any proposals for a temporary ceasefire.

Media: US-Iran Negotiations Have Stalled

On April 5, market news reported that as of 11:44 AM Eastern Time (11:44 PM Beijing Time), foot traffic at the nearest Domino's Pizza store to the Pentagon was above average. (Dongxin News Agency)

[Pentagon's Nearest Domino's Pizza Store Sees Higher Than Average Foot Traffic]On April 5, market news reported that as of 11:44 AM Eastern Time (11:44 PM Beijing Time), foot traffic at the nearest Domino's Pizza store to the Pentagon was above average. (Dongxin News Agency)

Pentagon's Nearest Domino's Pizza Store Sees Higher Than Average Foot Traffic

On April 5, according to a report by Sputnik on April 4, Mojtaba Ferdowsipour, head of the Iranian diplomatic mission in Cairo, stated in an interview that Iran prefers to resolve issues through diplomatic means, but the United States and Israel launched attacks on Iran twice during negotiations. Ferdowsipour said, 'We have always adhered to diplomatic methods during crises. In 2025, we were at the negotiating table, but at that time the U.S. and Israel attacked us. Progress was made in reaching an agreement afterwards, but then attacks occurred again.' The U.S. and Israel began striking targets within Iran on February 28. Iran retaliated against Israeli territory and U.S. military targets in the Middle East.

[Iranian Diplomat in Cairo: Iran Prefers Diplomatic Solutions but Faced Attacks During Negotiations]On April 5, according to a report by Sputnik on April 4, Mojtaba Ferdowsipour, head of the Iranian diplomatic mission in Cairo, stated in an interview that Iran prefers to resolve issues through diplomatic means, but the United States and Israel launched attacks on Iran twice during negotiations. Ferdowsipour said, 'We have always adhered to diplomatic methods during crises. In 2025, we were at the negotiating table, but at that time the U.S. and Israel attacked us. Progress was made in reaching an agreement afterwards, but then attacks occurred again.' The U.S. and Israel began striking targets within Iran on February 28. Iran retaliated against Israeli territory and U.S. military targets in the Middle East.

Iranian Diplomat in Cairo: Iran Prefers Diplomatic Solutions but Faced Attacks During Negotiations

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.

Huobi Breaking News

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Huobi Breaking News

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