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The Data Nerd reports that an estimated $350 million was stolen in the Drift Protocol (DRIFT) hack. The assets were moved to an anonymous address (starting with HkGz4) and have mostly been swapped for USDC and ETH.

Approximately 38% of major altcoins are trading near their all-time lows (ATL), continuing a trend of structural weakness, XWIN Research Japan noted in a contribution to CryptoQuant. The research firm explained that according to CryptoQuant indicators, the share of altcoin trading volume has been declining since 2021, indicating a risk-off flow of funds toward BTC. This situation signifies a phase of expanding unrealized losses rather than just a simple price decline. The analysis suggests the market is currently in a sideways phase centered on BTC. While altcoins may be approaching a bottom, any potential rebound is likely to be limited without a recovery in trading volume.

A senior Iranian source stated that Iran has not conducted any negotiations for a temporary ceasefire through any intermediary.

Sentora, formerly known as IntoTheBlock, announced via X that its vaults and strategies were unaffected by the recent Drift Protocol (DRIFT) hack. The platform stated it is closely monitoring the situation and maintaining communication with its partner protocols. Drift had previously disclosed the hack after detecting abnormal activity on its platform.

Multiple U.S. intelligence agencies have concluded in a recent assessment that the Iranian government has no current intention of entering into substantive negotiations to end the war, The New York Times (NYT) reported. The agencies noted that Iran believes President Trump's stated willingness to negotiate is not genuine.

U.S. fund manager Volatility Shares has launched three 2x leveraged exchange-traded funds (ETFs) based on Cardano (ADA), Stellar (XLM), and Chainlink (LINK), Decrypt reported. These ETFs are designed to track twice the price movement of their respective underlying assets. Alongside these products, the company also introduced standard futures-based ETFs for the same three assets. Volatility Shares has previously launched leveraged ETFs for BTC, ETH, SOL, and XRP.

Bithumb's management and its auditor have offered conflicting assessments of the company's internal controls, Yonhap News reported. According to a disclosure filed on April 2 with South Korea's Financial Supervisory Service, Bithumb's management stated in its 2025 fiscal year business report that it believes the company's internal accounting management system is effectively designed and operating. In contrast, Bithumb auditor Lee Byung-ho stated in the same report that from a materiality perspective, the system is not effectively designed and operating.

Whale Alert reported that 348,000,000 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $348 million.

The three major U.S. stock indices closed higher today. - S&P 500: +0.72% - Nasdaq: +1.16% - Dow Jones: +0.49%

President Donald Trump is scheduled to declare in an evening speech on April 1 that the war in Iran is nearing its end, Politico reported. He is also expected to state that other nations must resolve the ongoing issues in the Strait of Hormuz.

Spot trading volume on decentralized exchanges totaled $155 billion in March, the lowest level since September 2024, according to Unfolded.

Solana-based decentralized perpetual futures exchange Drift Protocol has detected abnormal activity and is advising users not to deposit funds while it investigates the matter. The protocol announced the issue on its official X account, stressing that the warning was not an April Fools' joke and that it would share updates as the investigation progresses. According to CoinMarketCap, DRIFT is trading at $0.05339, down 20.5%.

Galaxy Digital (GLXY) announced it recently suffered a hacking attack on its testnet, clarifying that no customer funds or information were compromised. According to CoinDesk, the affected testnet is used solely for research and development and is not connected to the company's core infrastructure, production systems, trading platforms, or customer accounts. Galaxy stated that to date, there have been no instances of customer funds or account information being compromised and that all its platforms and services are operating securely. The company added that it detected the attack, responded immediately to block it, and has since taken additional preventative measures across its on-chain infrastructure. The attack reportedly resulted in a loss of under $10,000 of the company's own funds.

Following Morgan Stanley's submission of an amended S-1 filing for its own branded spot Bitcoin ETF, Bloomberg analyst James Seyffart said on X that the product appears highly likely to be listed on April 8. The ETF is currently awaiting final approval from the U.S. Securities and Exchange Commission (SEC). Its ticker is reportedly BITA, and the fees have not yet been disclosed.

Chainalysis reported that by 2025, cryptocurrency had become a key element of the national strategies for North Korea, Russia, and Iran. The firm noted that most criminal organizations do not limit themselves to a single type of crime, but rather seek to generate revenue through all possible illegal activities. Chainalysis urged for a more proactive approach to identifying the tools available to these actors.

Bithumb announced it has temporarily suspended deposits and withdrawals for Drift (DRIFT), citing a potential security incident.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

South Korean crypto exchange Upbit has announced the temporary suspension of deposits and withdrawals for Drift (DRIFT), citing a potential security incident.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,990.14 on the Binance USDT market.

Whale Alert reported that 200 million XRP has been locked in escrow at Ripple.

Whale Alert reported that 500 million XRP has been locked in escrow at Ripple.

U.S. President Donald Trump has threatened to halt weapons support for Ukraine if Europe does not participate in the Strait of Hormuz coalition, the Financial Times (FT) reported.

Lookonchain has reported a potential hack of Drift Protocol, a Solana-based decentralized exchange for perpetual futures. According to the on-chain analytics firm, $270 million was transferred from an address linked to Drift Protocol to a wallet starting with HkGz4K. The amount represents about 50% of the protocol's Total Value Locked (TVL).

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Gillick stated that the agency is prepared to oversee the entire cryptocurrency market and is ready to take on that responsibility. According to Cointelegraph, Gillick made the comments to mark his 100th day in office. He also reiterated that the CFTC is the sole regulatory body with the authority to supervise prediction markets.