🚨Last Night's Breaking News Roundup! Fill the Information Gap in 1 Minute | 4/03
➡️Crypto Market
$BTC Last night, it briefly surged to 69k, but Trump's speech immediately pushed it back down to around 67k. It's the same old story: it doesn't follow the US stock market when it rises, but it's always the first to fall. There's just no way to beat it.
$ETH It's fallen with the market but not rising, and it's currently trading at around $2,058, down over 2%.
$SOL Currently trading at around $79, its performance is lackluster, but Solana stock in the US crypto sector bucked the trend, rising 9.4%, indicating positive sentiment from outside investors.
In the past 24 hours, $395 million in liquidations occurred across the entire network, with long positions losing $240 million and short positions losing $155 million.
➡️Global Stock Markets
1. US stocks were mixed, with the Dow Jones down slightly by 0.13%, the S&P 500 up 0.11%, and the Nasdaq up 0.18%. The cryptocurrency sector showed mixed performance.
2. Japanese and South Korean stocks rebounded at the open this morning, with the Nikkei 225 up 1.17% and the South Korean KOSPI up 2.77%. Goldman Sachs data showed that hedge funds withdrew from global stocks at the fastest pace in 13 years in March, and the MSCI World Index fell 7.4% in March.
➡️Commodities
1. WTI crude oil surged 13% to $112.29 per barrel, and Brent crude oil rose 8% to $112.55 per barrel. Trump's speech failed to suppress oil prices and instead fueled the fire.
2. Gold fell below $4720, down 1.72% on the day. Silver fell to $72.9, down 2.81%.
Gold's pullback amid war and inflation expectations is somewhat unusual.
➡️Macroeconomic Dynamics
1. Escalating US-Iran tensions, including the bombing of a landmark Iranian bridge, sent the market optimism into a panic.
2. Chicago Fed President Goolsby warned that the oil price shock was unfortunate, compounded by the lingering inflation from last year's tariffs, leading to a significant rise in inflation expectations.
3. The US Treasury issued a warning about the $2 trillion private lending market, with two Blue Owl funds experiencing "unusual redemption requests," setting a 5% withdrawal limit. Signs of economic weakness continue to emerge.
➡️Industry News
1. The $285 million theft from Drift Protocol continues to unfold, with Elliptic citing "multiple indications" pointing to the North Korean hacking group DPRK. $DRIFT fell over 40%. ZachXBT questioned Circle's slow response.
The DeFi security situation this year is worrying.
2. Coinbase received conditional approval from the OCC to establish the "Coinbase National Trust," not a banking license, primarily for custody services and institutional market infrastructure.
3. Circle announced the upcoming launch of cirBTC—a tokenized Bitcoin product backed 1:1 by native BTC, targeting the institutional market, initially launching on Ethereum and Arc.
4. Trump appointed Todd Blanche, who holds multiple cryptocurrencies, as acting Attorney General. Blanche previously signed a memorandum halting prosecutions for regulatory violations in the crypto industry, while still holding BTC, SOL, ADA, ETH, etc., violating ethical rules at the time of signing.
5. Bitcoin mining company MARA laid off approximately 15% of its staff, strategically shifting towards AI and digital infrastructure. It recently sold over 15,000 BTC to pay debts, resulting in a net loss of $1.3 billion for the year.
The mining business is becoming increasingly difficult.