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On April 2, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday was $2.107 billion, with 9 counterparties involved, compared to $1 billion on the previous trading day.

[Federal Reserve Overnight Reverse Repo Usage Reaches $2.107 Billion]On April 2, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday was $2.107 billion, with 9 counterparties involved, compared to $1 billion on the previous trading day.

Federal Reserve Overnight Reverse Repo Usage Reaches $2.107 Billion

On April 2, the derivative trading platform Drift Protocol, based on Solana, experienced a security incident. On-chain data indicates losses of at least approximately $200 million, with some estimates nearing $270 million. The project team reported that they have detected unusual activity and are currently investigating, advising users not to deposit funds into the protocol and emphasizing that 'this is not an April Fool's joke.' The attack involved multiple liquidity pools, including JLP Delta Neutral, SOL Super Staking, and BTC Super Staking. A single transaction involved the transfer of approximately 41.7 million JLP tokens, valued at around $155 million, along with other assets such as SOL, USDC, cbBTC, and wBTC being withdrawn. According to statistics, this incident may become one of the largest DeFi attacks in the Solana ecosystem since the Wormhole bridge exploit.

[Drift Protocol on Solana Ecosystem Attacked, Losses Estimated at Over $200 Million]On April 2, the derivative trading platform Drift Protocol, based on Solana, experienced a security incident. On-chain data indicates losses of at least approximately $200 million, with some estimates nearing $270 million. The project team reported that they have detected unusual activity and are currently investigating, advising users not to deposit funds into the protocol and emphasizing that 'this is not an April Fool's joke.' The attack involved multiple liquidity pools, including JLP Delta Neutral, SOL Super Staking, and BTC Super Staking. A single transaction involved the transfer of approximately 41.7 million JLP tokens, valued at around $155 million, along with other assets such as SOL, USDC, cbBTC, and wBTC being withdrawn. According to statistics, this incident may become one of the largest DeFi attacks in the Solana ecosystem since the Wormhole bridge exploit.

Drift Protocol on Solana Ecosystem Attacked, Losses Estimated at Over $200 Million

On April 2, sources indicated that U.S. President Trump has instructed Vice President Pence to privately convey to Iran that he is open to a ceasefire as long as certain 'specific demands,' such as the reopening of the Strait of Hormuz, are met. As of March 31, Pence was still discussing the Iran issue with 'intermediaries.' He conveyed a 'tough' message, stating that Trump is 'impatient.' He also warned that unless Iran reaches an agreement, its infrastructure will face increasing pressure from strikes. Additionally, on April 1, three U.S. officials stated that the U.S. is discussing the possibility of reaching a ceasefire agreement conditioned on the reopening of the Strait of Hormuz. These officials also noted that it is unclear whether an agreement can be reached. Earlier that day, Trump stated on social media that Iran had 'just requested a ceasefire from the U.S.,' but that the U.S. would only 'consider' it if the Strait of Hormuz is reopened. Later that day, he is expected to deliver a nationwide address regarding the Iran issue.

[Sources Say Trump Sets Conditions for Ceasefire: Must Meet U.S. 'Specific Demands']On April 2, sources indicated that U.S. President Trump has instructed Vice President Pence to privately convey to Iran that he is open to a ceasefire as long as certain 'specific demands,' such as the reopening of the Strait of Hormuz, are met. As of March 31, Pence was still discussing the Iran issue with 'intermediaries.' He conveyed a 'tough' message, stating that Trump is 'impatient.' He also warned that unless Iran reaches an agreement, its infrastructure will face increasing pressure from strikes. Additionally, on April 1, three U.S. officials stated that the U.S. is discussing the possibility of reaching a ceasefire agreement conditioned on the reopening of the Strait of Hormuz. These officials also noted that it is unclear whether an agreement can be reached. Earlier that day, Trump stated on social media that Iran had 'just requested a ceasefire from the U.S.,' but that the U.S. would only 'consider' it if the Strait of Hormuz is reopened. Later that day, he is expected to deliver a nationwide address regarding the Iran issue.

Sources Say Trump Sets Conditions for Ceasefire: Must Meet U.S. 'Specific Demands'

On April 2, the U.S. Treasury released the first proposed rulemaking notice (NPRM) for the Guidance and Establishment of the U.S. Stablecoin National Innovation Act (GENIUS Act), seeking public input on the criteria for determining the applicable state regulatory framework for small stablecoin issuers. The proposal aims to clarify that when a state regulatory system is 'substantially similar' to the federal framework, stablecoin issuers with a market capitalization below $10 billion may choose to be regulated at the state level rather than under comprehensive federal regulation. The public will have a 60-day comment period following the publication of the rule in the Federal Register. The Treasury stated that the rule will establish overall principles for determining whether state regulation meets federal standards. Currently, major U.S. banking regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), are also releasing related draft rules to advance the stablecoin regulatory framework. Meanwhile, the GENIUS Act does not yet address rules for interest-bearing stablecoins, which has become a significant obstacle for Congress in advancing broader cryptocurrency market structure legislation.

[U.S. Treasury Releases First Draft Rules for GENIUS Act, Seeks State Regulatory Input for Small Stablecoin Issuers]On April 2, the U.S. Treasury released the first proposed rulemaking notice (NPRM) for the Guidance and Establishment of the U.S. Stablecoin National Innovation Act (GENIUS Act), seeking public input on the criteria for determining the applicable state regulatory framework for small stablecoin issuers. The proposal aims to clarify that when a state regulatory system is 'substantially similar' to the federal framework, stablecoin issuers with a market capitalization below $10 billion may choose to be regulated at the state level rather than under comprehensive federal regulation. The public will have a 60-day comment period following the publication of the rule in the Federal Register. The Treasury stated that the rule will establish overall principles for determining whether state regulation meets federal standards. Currently, major U.S. banking regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), are also releasing related draft rules to advance the stablecoin regulatory framework. Meanwhile, the GENIUS Act does not yet address rules for interest-bearing stablecoins, which has become a significant obstacle for Congress in advancing broader cryptocurrency market structure legislation.

U.S. Treasury Releases First Draft Rules for GENIUS Act, Seeks State Regulatory Input for Small Stablecoin Issuers

On April 2, U.S. President Trump stated that he is not concerned about Iran's stockpile of enriched uranium, claiming that the relevant facilities are 'buried very deep.' Trump mentioned that the U.S. will continue to monitor the situation via satellite and asserted that Iran is currently 'incapable' of developing nuclear weapons, while reiterating that the goal of preventing Iran from acquiring nuclear weapons has been achieved. (CCTV News)

[Trump Claims Iran Currently 'Incapable' of Developing Nuclear Weapons]On April 2, U.S. President Trump stated that he is not concerned about Iran's stockpile of enriched uranium, claiming that the relevant facilities are 'buried very deep.' Trump mentioned that the U.S. will continue to monitor the situation via satellite and asserted that Iran is currently 'incapable' of developing nuclear weapons, while reiterating that the goal of preventing Iran from acquiring nuclear weapons has been achieved. (CCTV News)

Trump Claims Iran Currently 'Incapable' of Developing Nuclear Weapons

On April 2, Bloomberg reported that the U.S. Supreme Court has raised questions about Trump's attempt to revoke birthright citizenship, suggesting that a core part of his immigration plan may be rejected. Trump was seated in the front row of the public section of the court during oral arguments. He has long argued that the current birthright citizenship system in the U.S. is severely abused and is one of the major loopholes in American immigration policy. He has repeatedly stated that birthright citizenship (which grants U.S. citizenship to anyone born on U.S. soil) is not a 'gift' for illegal immigrants or temporary visitors, but was established after the Civil War to protect the descendants of slaves. According to PolyBeats monitoring, the probability of the 'U.S. Supreme Court rejecting Trump's executive order related to birthright citizenship' has risen from 81% to 95% on the prediction market Polymarket.

[Supreme Court Questions Trump's Attempt to Revoke Birthright Citizenship]On April 2, Bloomberg reported that the U.S. Supreme Court has raised questions about Trump's attempt to revoke birthright citizenship, suggesting that a core part of his immigration plan may be rejected. Trump was seated in the front row of the public section of the court during oral arguments. He has long argued that the current birthright citizenship system in the U.S. is severely abused and is one of the major loopholes in American immigration policy. He has repeatedly stated that birthright citizenship (which grants U.S. citizenship to anyone born on U.S. soil) is not a 'gift' for illegal immigrants or temporary visitors, but was established after the Civil War to protect the descendants of slaves. According to PolyBeats monitoring, the probability of the 'U.S. Supreme Court rejecting Trump's executive order related to birthright citizenship' has risen from 81% to 95% on the prediction market Polymarket.

Supreme Court Questions Trump's Attempt to Revoke Birthright Citizenship

HTX data showed that BTC fell below 68000  USDT and is now at 67999.99 USDT, with a increase of 0.53% in 24H.

[BTC fell below 68000  USDT] HTX data showed that BTC fell below 68000  USDT and is now at 67999.99 USDT, with a increase of 0.53% in 24H.

BTC fell below 68000  USDT

On April 2, Iranian President Ebrahim Raisi delivered a speech on April 1, local time, regarding the Islamic Republic Day of Iran, emphasizing the reliance on popular support to defend the country's independence, security, and development. In his address, he stated that Islamic Republic Day is a clear manifestation of the Iranian people's desire for independence, dignity, and rejection of any aggression. The Iranian people will unite and steadfastly defend the nation's sovereignty and territorial integrity. (CCTV News)

[Iranian President Emphasizes Defense of National Independence and Security]On April 2, Iranian President Ebrahim Raisi delivered a speech on April 1, local time, regarding the Islamic Republic Day of Iran, emphasizing the reliance on popular support to defend the country's independence, security, and development. In his address, he stated that Islamic Republic Day is a clear manifestation of the Iranian people's desire for independence, dignity, and rejection of any aggression. The Iranian people will unite and steadfastly defend the nation's sovereignty and territorial integrity. (CCTV News)

Iranian President Emphasizes Defense of National Independence and Security

On April 2, the Iranian military announced that it has recently conducted multiple drone strikes targeting the infrastructure of Israel's Rafael Advanced Defense Systems, including weapon production and research and development centers. The attacks reportedly caused fires and damage. Rafael is one of Israel's major defense companies, focusing on the development of high-precision defense systems, with its flagship product being the Iron Dome air defense system. (CCTV News)

[Iranian Military Targets Israeli Defense Company]On April 2, the Iranian military announced that it has recently conducted multiple drone strikes targeting the infrastructure of Israel's Rafael Advanced Defense Systems, including weapon production and research and development centers. The attacks reportedly caused fires and damage. Rafael is one of Israel's major defense companies, focusing on the development of high-precision defense systems, with its flagship product being the Iron Dome air defense system. (CCTV News)

Iranian Military Targets Israeli Defense Company

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE.
The recent drama and decline in FTT and SOL caused the market crash. Bitcoin, ripple, and BNB faced an increase in selling pressure. Bitcoin is now below $20,000. ETH price declined over 7% and there was a strong decline below the 76.4% Fib retracement level of the main increase from the $1,500 swing low to $1,675 high.

Detail

【Ethereum price cashes below $1,500, why FTT and BNB sparked downtrend】Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE.
The recent drama and decline in FTT and SOL caused the market crash. Bitcoin, ripple, and BNB faced an increase in selling pressure. Bitcoin is now below $20,000. ETH price declined over 7% and there was a strong decline below the 76.4% Fib retracement level of the main increase from the $1,500 swing low to $1,675 high.

Ethereum price cashes below $1,500, why FTT and BNB sparked downtrend

Article

Fed's Barr Warns of Stablecoin Risks, Emphasizes Need for Enhanced Regulation and Reserve Scrutiny

Whale Withdraws 6,905 ETH Worth $14.496 Million

Trump's Withdrawal Signal Boosts Nikkei Index by 4%

Thousands of U.S. Soldiers Deploying to the Middle East

US Spot Bitcoin ETF Sees $117.31 Million Net Inflow Yesterday

On-chain Address Buys Back 500,000 SIREN for 144,000 USDT

Ethereum price cashes below $1,500, why FTT and BNB sparked downtrend

Isenção de responsabilidade：O conteúdo acima não representa as posições da HTX.，A HTX não faz quaisquer recomendações de negociação.。

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