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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.

Hyperliquid's HyperEVM announced that it is currently undergoing system maintenance, which may cause delays in block data updates. The announcement follows an earlier report from blockchain security firm PeckShield, which suggested that HyperEVM was experiencing a serious service outage.

A whale address starting with 0x95Bf, which has been accumulating ETH since 2016 at an average price of $203.22, deposited 3,915 ETH and 24,000 AAVE to Kraken over the past two days. The deposit is worth a total of $10.72 million.

South Korea's KOSPI index turned lower following a national address by U.S. President Donald Trump. The index is currently trading at 5,381.48, down 1.78% from yesterday. Meanwhile, the U.S. dollar-won exchange rate also reversed course after the speech, rising 0.42% to 1,518.68 won.

U.S. President Donald Trump said in a national address that the United States has several options to target Iran's oil, including seizing key energy facilities. He stated that the U.S. will strike Iranian energy facilities within the next two to three weeks.

Four anonymous wallets have withdrawn 32,880 ETH, worth $70.03 million, from Kraken, according to Onchain Lens. The four wallets were all created simultaneously 113 days ago. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

U.S. stock index futures have declined following comments from U.S. President Donald Trump regarding a potential war with Iran. S&P 500 futures fell 0.5%.

U.S. President Donald Trump said in a national address that oil production will soon increase significantly and that the nation has never been better prepared economically. He asserted that the U.S. has never needed the Strait of Hormuz. Trump added that once the conflict is over, the strait will open naturally, and capital markets, including the stock market, will recover.

U.S. President Donald Trump said in a national address that the core strategic objectives regarding Iran have been almost achieved. While acknowledging concerns over rising oil prices, he described the current situation as temporary, attributing the price hike to Iran's attacks on oil tankers. Trump added that Iran obtaining nuclear weapons would have caused greater suffering than the current increase in oil prices.

PeckShield has reported a suspected major service outage on Hyperliquid's HyperEVM.

In a national address, U.S. President Donald Trump declared that most of Iran's leaders are already dead and that its navy and air force no longer exist. He asserted that the U.S. has achieved a swift and decisive victory. Trump further stated that the United States does not need oil from the Middle East and will never permit Iran to possess nuclear weapons.

Nishad Singh, the former head of engineering at the bankrupt cryptocurrency exchange FTX, has agreed to forfeit $3.7 million in ill-gotten gains in a settlement with the U.S. Commodity Futures Trading Commission (CFTC), Bloomberg reported. In a statement, the CFTC said it has banned Singh from trading for five years and from registering with the commission for eight years. However, the agency did not impose separate fines or restitution, citing his active cooperation with the investigation. Singh previously pleaded guilty to fraud charges, admitting that in 2019 he modified the codebase to allow FTX's sister company, Alameda Research, to make unlimited cryptocurrency withdrawals.

Iran has developed a plan to charge a toll of $1 per barrel on oil tankers passing through the Strait of Hormuz, with payments to be made in Chinese yuan or stablecoins, Bloomberg reported. Ship operators wishing to navigate the strait must contact a brokerage firm associated with Iran's Islamic Revolutionary Guard Corps (IRGC). They are required to submit details such as the vessel's ownership structure, shipment and cargo manifests, destination, crew list, and Automatic Identification System (AIS) data. The broker then communicates with an Iranian command center to verify that the vessel has no ties to nations Iran considers hostile. Iran reportedly classifies countries into five different tiers. The outlet noted that since a Very Large Crude Carrier (VLCC) typically has a capacity of 2 million barrels, the toll for such a vessel would amount to $2 million.

CoinMarketCap's Altcoin Season Index has dropped to 44, down eight points from yesterday. The index compares the price performance of the top 100 coins, excluding stablecoins and wrapped tokens, against Bitcoin. An "altcoin season" is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 indicates a stronger altcoin season.

On-chain analyst ZachXBT, known for exposing misconduct, alleged on X that USDC issuer Circle took no action as millions of dollars were swapped from Solana to Ethereum via its Cross-Chain Transfer Protocol (CCTP) during the multimillion-dollar Drift hack. He stated that the money was simply moved without any intervention from the company. ZachXBT contrasted this inaction with Circle's alleged unfair freezing of exchange wallets just days earlier, describing the company as a negative influence on the industry. On March 26, ZachXBT had previously claimed that Circle unfairly froze 16 hot wallets connected to exchanges and online casinos.