MarketWhisper

Senior analyst Avi Gilburt warns that a gold rebound could be a trap, predicting that it will ultimately fall to near $3,800. He identifies two downside paths: one is a direct pullback, and the other is a bull trap, which may cause investors to misjudge that a bull market has already begun. Gilburt emphasizes that technical structure analysis takes precedence over macroeconomic factors, and he points to investment opportunities in silver and mining stocks.

On April 2, PeckShield clarified that HyperEVM was not down; the anomaly was limited to the official block explorer frontend not syncing data. The incident was caused by a data source deviation that led to a misclassification. In reality, the underlying chain was operating normally. On the same day, MetaMask announced full support for HyperEVM, lowering the usage barrier. This incident underscores the importance of verifying across multiple data sources to prevent false alarms.

The Russian government has introduced a draft criminal law, planning to impose fines and prison terms for illegal cryptocurrency mining. About 97% of miners are in a legal gray area due to not being registered. At the same time, 13 regions have fully banned mining. The government will shift its focus on resource allocation to artificial intelligence, signaling that mining in the future may shrink and that the global hash rate landscape is facing change.

Prince Group’s core member Li Xiong was escorted back to China by the Ministry of Public Security of China on April 1, after being arrested in Cambodia. He is suspected of multiple offenses including fraud and money laundering. He is the chairman of Huowang Group, which is under the Prince Group umbrella. The amount involved in the group’s cryptocurrency business reaches $24 billion, and the money-laundering amount is at least $4 billion. This operation was carried out with cooperation from Cambodia, and it has raised issues related to international judicial cooperation.

StakeStone（STO）saw a sharp surge on April 2, with the highest gain reaching 166.9%. The price jumped to $0.49159 and was accompanied by large withdrawals. This rally was driven by the launch of a new payment feature, with the 24-hour trading volume up 590.8%. However, the technical picture shows an overbought condition, and combined with selling pressure from upcoming unlocks, short-term pullback risk should be watched closely.

Goldman Sachs analysts said the market’s expectations for the Federal Reserve to raise rates in 2026 are too high, mainly because the impact of the oil price shock has been overstated. They believe that factors such as the U.S. economy’s reduced dependence on oil, weak labor market conditions, and the policy interest rate already being above the neutral level will lower the risk of inflation transmission. Therefore, Goldman Sachs maintained its forecast of two rate cuts within the year.

OpenAI CEO Greg Brockman introduced the super app initiative in an interview, integrating ChatGPT, Codex, and Atlas into a unified assistant system with the goal of deeply understanding user needs. The plan will move forward step by step, focusing on expanding Codex’s application scope, and shutting down the Sora project due to insufficient compute power in order to concentrate resources on developing the core products.

Blockstream CEO Adam Back plans to purchase about $1.5 billion worth of Bitcoin within the next few weeks, further strengthening its Bitcoin reserve strategy and positioning it as one of the largest Bitcoin-holding institutions globally. At the same time, the financing completed by Capital B uses a convertible note conversion mechanism, providing a model for European companies’ future Bitcoin procurement. As the EU’s MiCA regulations are advanced, it will encourage more companies to include Bitcoin in their asset allocation.

U.S. President Trump threatened in a speech to launch even harsher strikes against Iran. The market reacted sharply: Bitcoin and the stock market fell significantly, and oil prices surged. Iran has no intention of backing down and is pushing for legislation on permanent tolls, showing that tensions between the two countries have not eased. The market believes a ceasefire cannot be achieved quickly.

USD.AI has opened claims for the token CHIP, but trading is still not possible, which does not match the settlement standard “issue tokens” for prediction markets, resulting in settlement being “No.” The agreement is led by Framework Ventures, and although it has market momentum, there are risks in the lending model and team background that need to be assessed. The official listing date will be key to pricing.

Ningxia Xingqing Court concluded a virtual currency investment dispute. The plaintiff, Mr. Wei, almost lost the case due to an improper choice of cause of action. The case highlights the risks to the enforceability of virtual currency contracts; in particular, contracts signed after 2017 are often held to be invalid. The judge reminded investors to be alert to the risks related to contract enforceability, the choice of cause of action, and the burden of proof, so as to avoid losses of time and costs.

Trump expressed optimism in his speech about Iran’s military actions, saying the Strait of Hormuz will be “naturally open,” but he did not provide a specific plan, leading markets to sell off. Iran, in turn, made no concessions and plans to pass legislation to collect transit fees, further increasing uncertainty. The market reaction shows that risk assets underwent broad repricing.

SpaceX, owned by Elon Musk, has submitted an IPO application to the U.S. Securities and Exchange Commission, with plans to complete the listing in June 2026. The deal targets raising $75 billion, setting a record for the largest IPO in the United States. This IPO will use a dual-class share structure, offering 30% of the shares to retail investors, with the five largest investment banks on Wall Street underwriting the rest. In addition, SpaceX’s valuation is $1.75 trillion, which would place it among the top ten by market cap globally. The company also holds 8,285 Bitcoins, which could affect its IPO performance.

Monad blockchain reached a total value locked (TVL) of $355 million within about four months, setting a record for rapid growth, but its daily transaction fees are less than $3,000, indicating a disconnect between locked capital and real trading activity. At the same time, the fully diluted valuation of the MON token fell from $4.7 billion to about $2.2 billion, reflecting the market’s lack of confidence in its continued ability to attract users.

Claw Code is an open-source project developed by developer Sigrid Jin, rewritten from scratch within 24 hours after the Claude Code code leak, and quickly gained more than 124,000 stars on GitHub, becoming the fastest project in history to reach this milestone. It uses a “clean room implementation” approach, making it unaffected by the DMCA, because the code is completely original and does not include any of the leaked original code. The project’s rapid growth is mainly driven by the leak incident, reflecting unusually high user activity.

Trust Wallet’s Discord short link was hijacked and points to a malicious phishing server. Users should immediately stop clicking the relevant links and wait for official confirmation that they are safe. The newly released address poisoning protection feature can actively screen for potential scam addresses. Since 2025, Trust Wallet has faced multiple security challenges, so users need to take precautions.

The U.S. Office of the Comptroller of the Currency (OCC) issued Bulletin 2026-4, effective April 1, providing a clear regulatory path for Ripple’s national trust bank and allowing it to operate after meeting the conditions to open for business. This bulletin replaces “fiduciary activities” with “the operations of a trust company,” expanding the organization’s service scope, including digital asset custody services. Ripple’s regulatory status has undergone a significant transformation, and in its application for a licensed institution, it seeks a Federal Reserve master account, focusing on the growth and challenges of the digital asset market.

SlowMist analyzed the Drift Protocol hack, pointing out that the core vulnerability was that the multisig mechanism change did not include a time lock. After the attacker gained administrator privileges, they systematically extracted assets by forging tokens, manipulating oracles, and disabling security modules, ultimately stealing about 105,969 ETH. ZachXBT criticized Circle for not freezing USDC in time during this process, which had a negative impact on the industry and sparked widespread discussion.

Pi Network announced that its testnet remote procedure call (RPC) servers are now live, laying the groundwork for building a smart contract ecosystem. Although this news is seen as a positive, the core team’s selling of more than 21.8 million PI tokens, along with the ongoing supply pressure stemming from user top-ups, has still exerted downside pressure on the market. Technical analysis shows that the support level for the PI token is $0.1736; the future price action needs to be closely watched.

The TON core team announced a consensus mechanism upgrade: Catchain 2.0 has started mainnet deployment. The goal is to reduce block confirmation time to about 1 second. This upgrade improves block generation speed and emphasizes that application developers need to adapt to the Streaming API to ensure a good user experience. If they do not adapt, the benefits of the upgrade will be greatly diminished.