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Phillip Pon, CEO of Cardano (ADA) infrastructure developer Emurgo, said the company is pursuing a partnership with Mastercard despite not being on the payment giant's initial list of global crypto partners. He noted that Emurgo is collaborating with Mastercard's Asia-Pacific (APAC) team and has successfully connected with a new representative following a leadership change. Pon added that the company has now entered the qualification review stage to become a global crypto partner.

WTI crude oil continued its recent surge, rising 13% during the trading day to hit $112.01 per barrel.

Bitcoin faces an increased risk of further declines as global oil prices continue to rise, according to an analysis by CryptoSlate. The outlet noted that a strengthening U.S. dollar and rising oil prices create a challenging investment environment for risk assets. A strong dollar puts pressure on global liquidity, while higher oil prices can exacerbate inflation, interest rates, and geopolitical tensions. CryptoSlate added that Bitcoin has historically shown vulnerability to both a strong dollar and rising oil prices. From a technical standpoint, BTC has failed to maintain a significant recovery, falling back into a weak, range-bound pattern. An attempt to test resistance levels was unsuccessful, and the breakdown of the $68,000 level, which had previously acted as support on multiple occasions, is a particularly bearish signal.

Telegram is introducing a perpetual futures trading feature within its native wallet. The technology will be provided by the decentralized perpetual futures exchange (Perp DEX) Lyra (LIT).

A recent increase in Binance's stablecoin holdings could signal growing demand for spot purchases, according to a CryptoQuant post by analyst Amr Taha. Taha noted that Binance's Ethereum holdings have dropped to 3.3 million ETH, the lowest level since February 2024, while its Bitcoin reserves have decreased from 670,000 BTC to 636,000 BTC. Conversely, the exchange's stablecoin balances have shown significant growth, with USDT rising from $35 billion to $38 billion and USDC expanding from $4.6 billion to $6.6 billion. This trend indicates a reduction in the supply of cryptocurrencies available for sale on the exchange, alongside a potential strengthening of its capacity for spot buying, Taha explained. He added that if this movement continues, it could foster a favorable environment for price increases.

U.S. initial jobless claims for last week totaled 202,000, coming in below the forecast of 212,000. This weekly figure is a key labor market indicator for the Federal Reserve's interest rate decisions. A higher-than-expected number signals a cooling job market as companies increase layoffs, potentially providing a reason for the Fed to cut rates. Conversely, a lower-than-expected figure suggests a robust labor market, which could justify the Fed holding or raising rates to focus on curbing inflation.

According to CoinNess market monitoring, BTC has fallen below $66,000. BTC is trading at $65,996.65 on the Binance USDT market.

Top 5 Gainers (24h) - NTRN: +134.78%, now $0.0054, volume $5.12M - NOM: +72.38%, now $0.0101, volume $349.37M - STO: +62.45%, now $0.7286, volume $1.63B - SOLV: +54.25%, now $0.006, volume $158.77M - MATH: +38.89%, now $0.035, volume $2.25M Top 5 Losers (24h) - HIFI: -35.66%, now $0.0058, volume $114.83K - D: -30.68%, now $0.0094, volume $88.57M - SXP: -25.93%, now $0.002, volume $1.21M - DELABS: -22.52%, now $0.0014, volume $37.47K - SIS: -17.48%, now $0.0402, volume $619.64K

The Bitcoin network has reached block 943,400, with approximately 1,600 blocks remaining until it hits the 945,000-block mark, the midpoint to the next halving at block 1,050,000. Generating these blocks is expected to take about 11 days. The last halving occurred on April 20, 2024, and the next is projected for around April 2028. From a Bitcoin cycle perspective, the midpoint between halvings is often interpreted as a period when market sentiment begins to shift.

Iran may have the upper hand in negotiations with the U.S. because President Donald Trump, despite his aggressive rhetoric, appears desperate to end the conflict, according to Jasmine El-Gamal, a former advisor to the U.S. Department of Defense. In an analysis for CNN, El-Gamal said the Iranian regime interprets Trump's statements as a sign of his desperation for a deal. She argued that Iran believes it can secure more favorable terms by continuing to impose costs on the U.S., its Gulf allies, and global energy markets. Her comments follow a threat from President Trump on April 1 to bomb Iran back to the Stone Age. El-Gamal pointed out that this inconsistent stance of urging dialogue while also warning of military escalation undermines progress toward a negotiated settlement.

A spokesperson for India's Ministry of Foreign Affairs has denied that the country ever paid fees to Iran to ensure the safe passage of its ships, according to a media outlet. The statement follows speculation that India had paid for passage through the Strait of Hormuz after Iran permitted Indian vessels to transit the waterway on March 28. Several of the ships were reportedly escorted by Iran's Revolutionary Guard at the time, fueling the rumors.

U.S. stock index futures are extending their losses. Nasdaq 100 futures are down more than 2%, while Dow futures have fallen by approximately 1.4% and S&P 500 futures have dropped by around 1.6%.

International crude oil prices are surging in intraday trading today. WTI crude has extended its gains to as much as 10%, trading at $109.04 per barrel, while Brent crude is also up 8.8%.

Polygon (POL) has announced the launch of its Private Mempool, designed to protect transactions from front-running and sandwich attacks. Through the Private Mempool, transactions are sent directly to selected producers without passing through the public mempool. This process prevents arbitrage bots from viewing pending transactions, allowing them to be included in blocks without interference. The Private Mempool is currently operational with MEV protection, and the project plans to add features such as dedicated block space and stable fees in the future.

Cryptocurrency custody firm BitGo has launched a stablecoin issuance and management service for institutional investors, The Block reported. The service will initially provide issuance and redemption functions for World Liberty Financial's (WLFI) stablecoin USD1 and SoFiUSD, issued by SoFi Bank.

Brian Armstrong, CEO of the largest U.S. cryptocurrency exchange Coinbase, said that making Bitcoin quantum-resistant is an urgent problem that everyone must work together to solve. He added that he plans to personally dedicate time to the issue, which he believes needs to be resolved as soon as possible. His comments follow earlier remarks from Coinbase Chief Strategy Officer (CSO) Philip Martin, who stated it is time to begin addressing the challenge of quantum computing. Martin noted that while quantum-resistant cryptography already exists, Bitcoin needs to accelerate its implementation. He specifically highlighted the need for an industry-wide consensus on how to handle wallets that are not upgraded before the emergence of a quantum computer capable of breaking Bitcoin's encryption. Martin emphasized that this problem cannot be solved by a single developer or company but requires a collaborative, ecosystem-wide response.

Tron (TRX) founder Justin Sun announced on X that HTX is now the sole platform token for the cryptocurrency exchange HTX. Previously, both TRX and HTX were used as the exchange's platform tokens. Sun explained that over the past few years, TRX has served as a platform token and enjoyed various benefits through its collaboration with HTX. He noted that during this period, HTX has achieved independent operation, its business has stabilized, and its profitability is increasing. Consequently, Sun believes that designating HTX as the sole exchange token is a better choice for both HTX and Tron. He added that as HTX's performance improves, its contribution to the Tron ecosystem will also grow.

Russia is on the verge of cutting oil production after Ukrainian attacks on its port infrastructure, pipelines, and refineries reduced its export capacity by about one million barrels per day, or roughly one-fifth of the total, Reuters reported on April 2, citing three industry sources. A production cut by Russia, the world's second-largest oil exporter, could significantly tighten global supply amid unprecedented disruptions from the conflict in the Middle East. Over the past month, Ukraine has intensified its attacks on Russian oil export infrastructure, targeting the Baltic Sea ports of Ust-Luga and Primorsk. According to the sources, at least 20% of Russia's total export capacity remains offline. While this is down from a peak of 40% in March, it is still substantial enough to affect the output of the world's third-largest oil producer. The major Baltic port of Ust-Luga halted oil exports a week ago. With pipelines full and storage space rapidly diminishing, some oil fields are now being forced to reduce production to prevent system overload.

The recent $285 million hack of Drift (DRIFT) may have been carried out using a method similar to an attack on Bybit in February 2025, according to Ledger CTO Charles Guillemet. In a post on X, Guillemet explained that the protocol's controlling multisig wallet was likely compromised. He suggested that attackers may have infiltrated the devices of multiple signers and tricked them into approving malicious transactions, believing they were authorizing routine operations. Guillemet added that the attack could have started weeks before the funds were actually drained. He noted the similarity to the Bybit hack, which resulted in the theft of approximately $1.4 billion in cryptocurrency.

BlackRock has deposited 1,360 BTC, worth $90.28 million, and 15,103 ETH, valued at $30.82 million, into Coinbase Prime, Onchain Lens reported. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody services for institutional investors.

The dYdX (DYDX) Foundation announced that a proposal to use $10 million USDC from its insurance fund to finance its DAO has passed. Specifically, $2.5 million USDC will be used as operating funds for the dYdX operations sub-DAO, while $5 million USDC will be allocated to the sub-DAO's treasury. The remainder has been assigned to the dYdX Foundation. The insurance fund currently holds approximately $17 million USDC, and the remaining $7 million USDC will be used as a buffer for protocol safety.

On-chain analyst ai_9684xtpa has pointed out that StakeStone (STO) has shown extreme price swings, surging 2212% in the last week before crashing 73% in a single hour. The analyst suggested this activity is a high-stakes maneuver ahead of the first token unlock for the team and investors, scheduled for tomorrow. According to the analyst, approximately 13.21 million STO, valued at around $7.265 million at current prices, are set to be unlocked. He noted that following the price peak, a sharp decline led to the forced liquidation of a single $7.67 million short position on the on-chain trading platform Aster. The position's liquidation price was $2.55, but the price rose to $2.56, precisely triggering the event. The analyst described the situation as a "game for experts," adding that it is unclear whether the move was intended to target large investors hedging their profits or retail investors who had followed the rally.

Nasdaq-listed company ZeroStax (Nasdaq: ZSTK) announced through its official channels that it is investing $107 million to acquire 21% of the total supply of 0G tokens. According to the company, the move is intended to expand its investment in decentralized AI infrastructure and strengthen its strategic position within the 0G ecosystem.

Safe (SAFE), an on-chain digital asset custody protocol, has announced the launch of Safenet, a decentralized protocol that verifies transaction security on-chain before execution, according to a post on X. Safenet is designed to have its network analyze user-requested transactions in real-time to generate a cryptographic proof, which is then verified on-chain by a safeguard. If a transaction is deemed risky, its execution is restricted, requiring explicit approval and a time delay to proceed. The protocol does not directly control the wallet but serves as a protective layer against external attacks.

U.S. venture capital firm Borderless Capital has purchased a total of 841,000 MNT, worth $570,000, in two transactions via Wintermute over the past eight days, according to crypto data analytics firm Nansen. MNT is now the largest single asset in Borderless Capital's portfolio, accounting for 40% of its holdings.