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The Korea Exchange has activated a sell-side sidecar after the KOSPI plunged more than 5%. This marks the first such activation in eight days, following the last one on March 23. The KOSPI is currently trading at 5,195.61, down 5.17% from yesterday.

An Iranian military spokesperson has announced that a larger, more extensive, and more destructive attack is imminent, according to Iran's Tasnim News Agency.

Drift (DRIFT) has surged on South Korean exchange Bithumb's KRW market, currently trading at 225 won, up 110.28% from yesterday. The token briefly surpassed 230 won. Previously, South Korean exchanges Upbit, Bithumb, and Coinone designated DRIFT as an investment warning item. Deposits and withdrawals for DRIFT are temporarily suspended on Bithumb. The Drift protocol previously suffered a loss of approximately $350 million from a hacking attack.

Drift Protocol (DRIFT) announced on X that a hacker gained unauthorized access to the administrative privileges of its Security Committee today using a novel attack vector involving a "durable nonce." The protocol described the incident as a highly sophisticated strategy that included several weeks of preparation and a phased execution, which utilized a structure to delay the execution of a pre-signed transaction. Drift previously suffered a loss of approximately $350 million from a hacking attack.

According to Wu Blockchain, the transfer volume of tokenized stocks reached an all-time high of $2.87 billion in March. This represents a surge of over 80% from the previous month. The transfer volume for real-world asset (RWA) platform Ondo Finance (ONDO) surpassed $2 billion, while the number of tokenized stock holders exceeded 200,000.

South Korea's three largest crypto exchanges—Upbit, Bithumb, and Coinone—have announced the placement of Drift (DRIFT) on their delisting watchlists. The exchanges stated the decision was made after confirming protocol damage and an abnormal outflow of assets. This incident reportedly affected the virtual asset itself, wallets managed by the issuer, or the distributed ledger on which the token is issued and stored.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, while the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. These brighter areas can potentially act as support or resistance. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

The fallout from the hack of Drift Protocol (DRIFT) has affected approximately 11 DeFi protocols, according to Solana ecosystem media platform SolanaFloor. The affected projects include Reflect Money, Ranger Finance, and Natural Trade. Ranger Finance has confirmed exposure of around $900,000. In response, some of the projects have suspended minting, redemptions, and deposit and withdrawal functions.

Jamie Coutts, a crypto market analyst at Real Vision, stated on X that Bitcoin's value should be viewed as a probabilistic concept rather than a precise figure. He explained that while the Bitcoin MVRV Z-Score has sometimes signaled a bottom weeks or months ahead of the actual low in past cycles, the key takeaway is that BTC is currently approaching a bottom zone. The MVRV Z-Score is calculated by subtracting the realized market cap (RV) from the market cap and dividing the result by the standard deviation of the market cap. It is typically used to identify overbought and oversold zones.

AI-based education firm Genius Group, which holds Bitcoin on its balance sheet, sold its entire BTC holdings in the first quarter of this year to repay $8.5 million in debt, Cointelegraph reported. The company stated it would resume purchasing Bitcoin when it deems market conditions more favorable. Genius Group's holdings have been steadily declining since a U.S. court restricted the company from expanding its Bitcoin portfolio in April 2025. As of March this year, the company held 84 BTC, valued at approximately $5.7 million, prior to the sale.

U.S. spot Ethereum ETFs saw $7.02 million in net outflows on April 1, according to data compiled by Trader T. This marks a shift to net outflows after two consecutive days of inflows. - BlackRock ETHA: -$32.15 million - Fidelity FETH: -$11.73 million - Bitwise ETHW: +$4.28 million - 21Shares TETH: +$3.2 million - BlackRock Staking ETHB: +$5.48 million - Grayscale ETHE: +$17.42 million - Grayscale Mini ETH: +$6.49 million

U.S. Bitcoin spot ETFs recorded a total net outflow of $173.76 million on April 1, according to Trader T. This marks a return to net outflows after two days. - BlackRock IBIT: -$86.56 million - Fidelity FBTC: -$78.64 million - Bitwise BITB: -$5.55 million - Ark Investment ARKB: -$30.45 million - Grayscale GBTC: -$13.26 million - Grayscale Mini BTC: +$10.25 million

Top 5 Gainers (24h) - STO: +37.5% to $0.6167, volume $778.6M - DMAIL: +30.69% to $0.00072, volume $25.57K - MATH: +28.57% to $0.0324, volume $425.75K - NAP: +18.51% to $2.1, volume $540.01K - PTB: +18.09% to $0.0014, volume $5.52M Top 5 Losers (24h) - HIFI: -35.77% to $0.0058, volume $177.15K - DRIFT: -17.92% to $0.0408, volume $37.47M - DELABS: -13.37% to $0.0017, volume $35.22K - SYND: -13.05% to $0.0354, volume $2.7M - WET: -12.22% to $0.1019, volume $15.44M

Paul Grewal, Chief Legal Officer (CLO) of Coinbase, said an agreement on the issue of stablecoin interest within the U.S. crypto market structure bill (CLARITY) is close to being reached, The Block reported, citing an interview with Fox Business. Grewal argued that the matter of stablecoin interest should not be conflated with other challenges facing the banking sector. He noted that while banks have expressed concerns about potential rapid deposit outflows if stablecoin interest were permitted, they have failed to provide concrete evidence. Grewal expressed optimism that the CLARITY bill aligns with the pro-crypto policies of the Trump administration and expects congressional proceedings to advance soon.

Prediction market Polymarket recorded $927,000 in fee revenue on April 1, its first full day of complete monetization, Wu Blockchain reported. This performance projects to an annualized revenue of $400 million, with $338.35 million from fees. The platform transitioned to a fully paid model on March 30, having rolled out transaction fees in stages. Fees were first introduced for crypto-related wagers early this year, followed by sports betting, and were extended to most other bets late last month.

The Bitcoin Policy Institute (BPI) has suggested that Taiwan should consider adopting Bitcoin as a reserve asset to prepare for a potential war with China, Cointelegraph reports. In a report, the BPI argued that in the event of a Chinese blockade or full-scale invasion, Bitcoin would be the only fully accessible and usable reserve asset. The institute noted that gold could be confiscated or become unusable and dollar holdings might be limited, whereas Bitcoin requires no physical transport, ensuring complete access. The report highlighted that at least 80% of Taiwan's central bank reserves are in U.S. dollar assets, which could face headwinds if the dollar's value declines due to rising U.S. debt or a downturn in the AI market. The BPI suggested Bitcoin could serve as a hedge against this risk. It also noted that if Taiwan adopts Bitcoin before other nations, it could benefit from future price appreciation. Currently, Taiwan holds 210 BTC confiscated during criminal investigations, an amount that ranks it seventh globally, behind El Salvador.

Social Dominance Top 5 - Bitcoin: 28.25% (-6.2%) - Ethereum: 11.55% (-0.65%) - XRP: 3.35% (-0.05%) - Chainlink: 0.25% (-0.5%) - Litecoin: 0.4% (-0.1%) AI Search Volume Top 5 - Ethereum (14%) - Solana (11%) - Based (6%), up one spot - EdgeX (5%), down one spot - Bittensor (4%)

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - ETH: $96.57 million liquidated (51.19% longs) - BTC: $95.71 million liquidated (56.15% longs) - SOL: $24.58 million liquidated (72.59% longs)

Russel Chesler, Head of Investments and Capital Markets at VanEck, stated that the market clearly did not view President Trump's recent speech as positive news, adding that it failed if the goal was to boost market confidence. He noted that the primary concern for all investors is when the current war will end, and this uncertainty is increasing market volatility. Chesler explained that if the perception of a prolonged war spreads, asset prices will enter a correction phase. While the U.S. dollar might strengthen in the short term amid such a volatile environment, its long-term structural downtrend will remain unchanged, he added. Chesler also warned that the market is currently heading toward a period of stagflation, marked by slowing economic growth and rising inflation expectations.

Michael Hwang, CEO of the Solana-based decentralized exchange (DEX) Orca, announced on X that the platform is monitoring the recent hack of Drift. He confirmed that Orca's funds are safe and were unaffected by the incident. Hwang also noted that Orca's smart contracts have been audited by four independent firms and that the company will continue to raise its standards to protect users and their funds. Drift previously suffered a loss of approximately $350 million in a hacking attack.

South Korea's National Policy Committee has effectively postponed discussions on the second phase of a basic act on digital assets until after the June 3 local elections, a move that is deepening uncertainty in the industry, Maeil Business Newspaper reported. The committee excluded the bill from the agenda of its bill review subcommittee on March 31. The newspaper added that the key legislative sticking points include: - Whether to designate banks as the sole issuers of won-denominated stablecoins. - The potential introduction of regulations restricting the post-facto equity holdings of major exchange shareholders. With the bill's proposal now likely delayed until after the June elections, related businesses have begun to readjust their roadmaps, the report noted.

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,961.52 on the Binance USDT market.

A whale address (pension-usdt.eth, starting with 0x0ddf) with a win rate of over 80% on Hyperliquid has just opened a 3x short position on 20,000 ETH and added a 3x cross short position on 750 BTC, according to Onchain Lens. The total value of these positions amounts to $92.4 million.

According to CryptoQuant, Bitcoin's Apparent Demand, an indicator of real market demand strength, turned negative at the end of March, falling by approximately 63,000 BTC. CryptoQuant explained that this signifies new demand is failing to offset selling pressure from existing holders. Selling by retail and other investors has outpaced institutional buying, and whale addresses have shifted from continuous accumulation to net selling. The platform noted that this selling trend has accelerated since the fourth quarter of last year. Furthermore, weakening demand from U.S. investors has caused the Coinbase Premium to turn negative again.

Cryptocurrency worth $285 million stolen from the Drift protocol has been swapped for 129,000 ETH, valued at $278 million, EmberCN reported. Drift, a Solana-based decentralized perpetual futures exchange, was hacked on April 1. EmberCN added that the hackers sold the various stolen assets, transferred the funds to the Ethereum chain, and then purchased the ETH. The swapped assets are now being held across four separate addresses.