Good afternoon,

Bitcoin, gold, and U.S. equities came under pressure after Trump signaled a potential “extremely hard” stance toward Iran, with Bitcoin trading around $66K. Meanwhile, Drift reported that Wednesday’s $280 million exploit was likely tied to attackers getting multisig transaction approvals in advance via social engineering. Polymarket has enabled betting on stocks, gold, and oil through Pyth integration, and momentum behind the Bitcoin treasury strategy appears to be fading as some firms and governments begin trimming their holdings.

More news below! 👇

News Roundup

Artificial Intelligence

  • Google's Veo 3.1 Lite Cuts API Costs in Half as OpenAI's Sora Exits the Market (Decrypt)

  • Anthropic Took Down Thousands of GitHub Repos Trying to Yank its Leaked Source Code (TechCrunch)

  • AI Could Become 2,000 Times More Efficient by Copying the Brain (Decrypt)

Decentralized, Centralized, & Traditional Finance

  • Galaxy Digital's Testnet Suffers Hack (CoinDesk)

  • eToro Rolls Out Crypto Trading in New York Three Years After Receiving BitLicense (The Block)

  • SoFi Launches Big Business Banking to Power Fiat and Crypto Banking (Business Wire)

  • Drift Says $280M Exploit Tied to 'Sophisticated' Admin Takeover (The Block)

  • DeFi is Optimizing for Gas, Not For Markets (Cointelegraph)

  • France’s New Exchange is Taking Aerospace Firm Public Onchain (CoinDesk)

  • Tech, Crypto Giants to Help Steward Coinbase's Neutral x402 Payments Protocol Under Linux Foundation (The Block)

  • World Liberty Financial Gets ‘D’ Grade From New Crypto Risk Rating Firm (DL News)

  • Ripple Prime earns BBB rating from Kroll (Crypto Briefing)

  • Coinbase Receives Conditional Approval for US Trust Charter (Cointelegraph)

  • Polymarket Lets Traders Bet on Stocks, Gold, and Oil Via Pyth Integration (The Defiant)

  • Circle Unveils Plans for Wrapped Bitcoin Token cirBTC (The Block)

Exchanges

  • Tradfi Players That Offer Crypto Services Set to Muscle Out Crypto Exchanges (DL News)

  • Hyperliquid Gains Ground on Centralized Exchanges as Perps Market Share Nears 6% (The Block)

Exchange-Traded Funds

Infrastructure

  • Monad Tops $350 Million TVL Milestone as Low Fees, Falling FDV Signal Caution (The Block)

  • Vitalik Buterin Wants to Move Your AI Off the Cloud and Onto Your Desktop (Cryptopolitan)

  • Safe Unveils Security Network to Turn SAFE Tokens Into Economic Good (The Block)

  • USDT0 Halts Solana Legacy Infrastructure in Rapid Response to Security Incident (USDT0)

  • BitGo Launches Stablecoin Minting and Redemption for Institutions (The Block)

  • Telegram Wallet Integrates Lighter to Roll Out In-App Perpetual Futures Trading to 150M+ Users (The Block)

  • Polygon Launches Private Mempool: MEV Protection Is Now a One-Line Integration (Polygon)

Markets

  • Hyperliquid Whale Makes $80M Bet on Market Crash: Is Bitcoin in Trouble? (Cointelegraph)

  • Bitcoin Snaps 5-month Losing Streak: Key BTC Price Levels to Watch in April (Cointelegraph)

  • Selling by Bitcoin ‘Whales’ Blunts Institutional Demand (Bloomberg)

  • Polymarket Enters Full Fee Era with Revenue Run Rate Approaching $400M (DeFi Oasis)

  • SUI Expands Cross-Chain Reach with Trading Now Live on Solana (Solana)

  • Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’ (Decrypt)

  • Bitcoin Falls Below $66K as Crowded Shorts Hint at Upside Risk Ahead of Easter Holiday (The Block)

Meme Coins

  • Solana Meme Coin Linked to Death Hoax for 194-Year-Old Tortoise—Who Is Very Much Alive (Decrypt)

Mining

  • Quantum-Powered Crypto Mining Is Here—But It Won't Help You Mine Bitcoin (Decrypt)

Politics & Regulation

  • Strait of Hormuz: Ships Paying Iran Yuan and Crypto Tolls To Safely Pass Through (Bloomberg)

  • Taiwan Should Reconsider Bitcoin Reserve in Case of War, Says Think Tank (Cointelegraph)

  • Clarity Act Will ‘Progress’ Within 48 Hours, Coinbase Chief Legal Officer Says (DL News)

  • Alabama Governor Signs Bill Creating Legal Framework for DAO-Like Nonprofit Entities (The Block)

  • US Treasury Seeks Public Input for State-Level Stablecoin Regulations (Cointelegraph)

  • US Attorney's Office Recovers $600K in Crypto Fraud Scheme Targeting Ledger Wallet Owners (Decrypt)

  • CFTC Settles With Former FTX Engineer for $3.7M, Closing First Individual Case (Decrypt)

  • DOJ to Appeal Court Order Halting Trump’s Ban on Anthropic AI (Bloomberg)

  • Trump Admin Backs Prediction Markets With Lawsuits Against Illinois, Arizona and Connecticut (Decrypt)

Treasuries & Reserves

  • The Bitcoin Treasury Boom is Unwinding as Some Companies and Governments Sell Holdings (CoinDesk)

  • Metaplanet Acquires 5,075 BTC, Jumps to Third Largest Bitcoin Treasury Company (CoinDesk)

  • As Digital Asset Treasuries Face ‘Acute Stress,’ This Bitcoin Firm Continues to Buy (DL News)

Venture Capital

  • Pump.fun Leads $1 Million Pre-Seed Funding Round into Livestream Prediction Markets Startup Pumpcade (The Block)

  • YZi Labs Doubles Down on Predict.fun with Susquehanna Crypto Following EASY Residency S2 (YZi Labs)

Other News

  • Amazon in Talks to Buy $9 Billion Satellite Group Globalstar (Reuters)

  • Pay USDT and We’ll Carry Out ‘Any Form of Revenge You Like,’ Say South Korean Criminals (DL News)

  • Elon Musk's X to Deploy Scam Kill Switch by Auto-Locking First-Time Crypto Mentioners (CoinDesk)

Check This Out!

The U.S. leads global Bitcoin hashrate at ~38%, followed by Russia and China, with the top three accounting for 68% of total mining power.

Source Hashrate Index, CoinShares

Meme of the Day

Source: Confident_Salt_8108

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