On April 2, the KOSPI index in South Korea activated its circuit breaker mechanism following a 5% drop in KOSPI 200 futures, according to BlockBeats. This led to a temporary halt in algorithmic trading for five minutes. The previous day, the KOSPI index had surged over 5% at the opening, triggering the circuit breaker, and at one point during the session, it rose to 8.72%.

According to Gate.com data, XAUUSD (gold) has fallen below 4600 USD and is currently trading at 4599.97 USD, with the daily decline widening to 3.26%.

According to Iran's Tasnim News Agency, an Iranian military spokesperson stated that a larger, wider, and more destructive attack is imminent. The war will continue until "the enemy surrenders and permanently regrets it." (Jin Shi)

On April 2, renowned technical analyst Killa (@KillaXBT) released a long-term logarithmic chart of Bitcoin. According to BlockBeats, the chart highlights the 'perfect halving lower bound' and the upper and lower band ratios, asserting that Bitcoin's current bear market will inevitably fall below $60,000. Killa, known for his focus on BTC quantitative trading, previously predicted the peak of the current bull market in May 2025. He has amassed over 180,000 followers on the X platform.

Iran has announced plans for more extensive and destructive military operations. According to BlockBeats, a spokesperson from Iran's military indicated that these attacks will continue until the adversary surrenders and expresses lasting regret. The statement suggests an escalation in military activities, signaling a prolonged conflict.

Jupiter Litterbox Trust has recently expanded its holdings by acquiring 1,278,492 JUP tokens. According to Foresight News, this acquisition is valued at approximately $200,000. The strategic reserve trust fund aims to bolster its portfolio with this latest purchase.

Drift Protocol disclosed the execution process of this security incident, stating that the attack began with a test withdrawal transaction initiated from an insurance fund. Approximately one minute later, the attacker seized administrator privileges and executed subsequent operations through two pre-signed durable nonce transactions. The project team stated that the attack was caused by multiple factors, including the delayed execution of pre-signed transactions and the breach of multi-signature approval, possibly related to targeted social engineering attacks or transaction misrepresentation. Drift is currently collaborating with multiple security agencies to investigate the cause and is working with cross-chain bridges, exchanges, and law enforcement agencies to track and freeze related funds. A detailed review report will be released later.

Bitcoin traders might need to pay attention to the shipping conditions in the Strait of Hormuz rather than focusing solely on U.S. President Donald Trump's remarks about Iran. According to NS3.AI, the Strait of Hormuz is a crucial passage, handling approximately 20% of the global seaborne oil trade. A strategic release of 426 million barrels has been mitigating the supply gap. However, S&P Global Market Intelligence reports that only 21 tankers have crossed the Strait since the onset of the conflict, compared to over 100 ships daily prior to the war.

1. ZachXBT again criticizes Circle for its inaction in the Drift hack, allowing illicit funds to leak from Solana via CCTP; 2. Polymarket's daily transaction fee revenue surpasses $1 million; 3. 11 DeFi protocols affected by the Drift security incident, some suspending core functions; 4. Yu Xian: Drift migrated multisignature a week ago, the new multisignature only requires a 2/5 signature threshold and has no time lock; 5. Funds linked to the Drift hacker's address originated from Backpack, possibly leaving KYC-related clues; 6. Genius Group liquidates all Bitcoin inventory to repay $8.5 million in debt; 7. Coinbase's Chief Legal Officer: "Clear Act" is "very close" to reaching an agreement on stablecoin yields; 8. Yinchuan court mediates a cryptocurrency investment dispute, the defendant returns the invested principal; 9. Polymarket's probability of "SpaceX IPO before June 15" rises to 52%, up 24% in 24 hours; 10. Profits exceed... The $1.7 million account purchased a total of $160,000 worth of goods during the NBA regular season game when the Spurs defeated the Warriors.

The Strait of Hormuz is expected to remain closed until May, even in the most optimistic scenario, according to Amena Bakr. She cautioned readers to brace for the potential impact of this extended closure.

Behind this push for regulation lies a struggle over stablecoin yields and control over digital capital flows.

North Korean hackers briefly accessed a software developer’s account for Axios and sent malicious updates to thousands of US companies. Experts warn the attack could take months to fully assess and may be part of a long-term effort to steal cryptocurrency.

SOLANA and Drift Suffer Over $200 Million Hacking: The Story and Deeper Warnings (Golden Finance) - The Root Cause of the Theft: Not a Smart Contract Vulnerability, but Human Error

The Drift Protocol attack, which resulted in the theft of $285 million in assets, exposed fatal flaws in DeFi projects' multi-signature permission management and oracle security. Was this a hacking incident or an inside job by the project team?

Elon Musk’s SpaceX is preparing to storm Wall Street with what could be the largest public listing in history, targeting a staggering $1.75 trillion valuation and a $75 billion raise that would instantly place it among the world’s most valuable assets.

Cardano founder Charles Hoskinson warned that the U.S. CLARITY Act could take years to implement and may favour established cryptocurrencies while making it harder for new projects to grow.

The Strait of Hormuz crisis, triggered by the conflict between the United States and Iran, has become one of the biggest external shocks facing the global economy in 2026. It not only tests energy security and supply chain resilience but also reshapes the monetary policy framework.

Crypto asset valuations remained firm in March, posting a slight increase despite declines in most major assets. Current prices still present an attractive entry point for long-term investors, but a further valuation recovery requires a reduction in geopolitical uncertainty.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse 8 AM," issue 3014, providing you with the latest and fastest news on the digital currency and blockchain industry.

Elon Musk held a press conference in an abandoned power plant and announced something no one in the AI ​​industry dared to do: make their own chips.