Blockchain data shows a transfer of 108,128,131 USDC, worth about USD 108,096,179, from Coinbase Institutional to an unidentified wallet.

Drift said a $280 million exploit was the result of a 'sophisticated' takeover of an administrative account. Separately, on-chain investigator ZachXBT criticized Circle's handling of USDC tied to the incident.

Axe Compute (NASDAQ: AGPU), a Nasdaq-listed company backed by the Aethir decentralized GPU network, released its FY2025 annual financial report on April 1 (UTC+8), outlining the progress of its decentralized computing business for institutional investors. According to the report, the total value of contracts executed over the past 30 days reached about $12 million. The company estimates monthly revenue of $835,000 for Q2 and reported more than 20 enterprise clients. After the disclosure, AGPU rallied as much as 152% in a single session. Trading volume topped 900x the 20-day average, with daily turnover exceeding $300 million. The company said all enterprise computing deployments were delivered through the Aethir network, covering 94 countries and more than 200 nodes. The network has surpassed 435,000 GPU containers, with cumulative deliveries exceeding 1.8 billion compute hours. Source: ODAILY

Odaily Planet Daily reported that on April 1, Axe Compute (NASDAQ: AGPU), a Nasdaq-listed company built on the Aethir decentralized GPU network, published its FY2025 annual report, outlining the progress of its decentralized computing business to institutional investors through a public-company disclosure. The filing said executed contract value over the past 30 days totaled about $12 million, with estimated Q2 monthly revenue of $835,000 and more than 20 enterprise clients. After the report was released, AGPU posted an intraday peak gain of 152%. Trading volume topped 900 times the 20-day average, with daily turnover exceeding $300 million. The company said all enterprise compute deployments are delivered via the Aethir network, spanning 94 countries and more than 200 nodes, supported by over 435,000 GPU containers and more than 1.8 billion cumulative compute hours delivered.

Onchain analyst Onchain Lens (@OnchainLens) reports that Solana-based perpetuals platform Drift Protocol was exploited, with losses surpassing $270 million. The attacker has swapped almost all of the stolen assets into 129,067 ETH, valued at about $277 million, and later used $2.46 million in USDC to buy an additional 1,195 ETH. The wallet now holds 130,262 ETH, worth roughly $268 million.

US consumers' inflation expectations surged to 6.2% in March, marking the highest level recorded since August 2025. This substantial increase also represents the sharpest month-on-month rise observed since the implementation of the 'Liberation Day' tariffs. The latest data suggests a significant shift in public sentiment regarding future price trends, which could have notable implications for consumer behavior and overall economic stability. This development is crucial for policymakers and market analysts to monitor closely, as it may signal persistent or escalating inflationary pressures within the broader economy, potentially influencing monetary policy decisions in the near term.

On April 2, a significant crypto whale, identified by wallet 0x06a, fully exited a $10.3 million GOLD long position, according to data from Hyperinsight reported by Huo Xing Finance. The position, initially valued at $10.3 million, was closed at an average price of approximately $4,587. This strategic move resulted in a realized profit of $418,000, despite intraday price declines that saw unrealized gains shrink from a peak of $870,000. The final profit represented more than a 50% reduction from the peak paper gain, highlighting a calculated profit-taking strategy amidst market volatility.

On April 2, the U.S. Dollar Index (DXY) experienced an intraday climb of over 0.50%, reaching 100.07. Concurrently, precious metals saw significant declines, with spot gold falling $150 to $4,606.39 an ounce, representing a 3.16% drop. Spot silver also tumbled 6.00% intraday, settling at $70.53 an ounce. These market movements occurred amidst evolving geopolitical developments, including former President Trump's refusal to provide a timetable for troop withdrawals and Iran's warning of a potentially imminent, stronger attack.

On April 2, Huo Xing Finance reported, citing Hyperinsight data, that a prominent whale address, identified as 0x965, opened a highly leveraged 50x short position on the S&P 500. The $12.2 million position, initiated at an average entry price of $6,453.50, rapidly incurred a 19% loss, equivalent to approximately $450,000, within just 10 minutes. The current liquidation price for this position stands at $6,537.70. Concurrently, the same address fully closed an intraday BRENTOIL short, realizing an $806,000 loss, and has been actively depositing $478,000 into Hyperliquid to meet ongoing margin requirements.