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Key events in the crypto world in the past 24 hours! 1-minute overview of overnight market movements | April 2nd

➡️Crypto Market $BTC After repeatedly testing the 66k-65k range, it rebounded slightly, but the rebound strength was unsatisfactory. It followed the US stock market for a while, but its explosive power was far less than that of technology stocks, and it is still lingering around 68k. $ETH It outperformed BTC slightly, rising about 2.3% in 24 hours to $2,152. It is said that Tom Lee is continuing to increase his holdings, but it is hard to say who else is buying besides him. $SOL The weakest one, really not many people play it after the meme craze faded. The monthly chart barely ended the six-month losing streak, but the rebound was of poor quality. BTC couldn't hold above 72k before continuing to grind for a bottom. ➡️Global Stock Markets 1. U.S. stocks rebounded strongly on Tuesday, with the Dow Jones Industrial Average up 2.48%, the S&P 500 up 2.9%, and the Nasdaq Composite up 3.8%, all marking their biggest single-day gains since May of last year. Nvidia rose more than 5%, and Intel rose 7%. 2. Previously, the Japanese and South Korean stock markets plummeted due to the situation in the Middle East. The South Korean KOSPI once plunged by 4% in a single day. Riding such a roller coaster really requires a strong heart. Gold prices continued their rebound, rising more than $150 to $4,667 per ounce during the day, but still recorded their worst monthly performance since October 2008. WTI crude oil fell back to around $99 per barrel, after breaking through $105 a few days ago. Brent crude oil fluctuated between $101 and $104. The situation in the Middle East remains the core factor in pricing. ➡️Macroeconomic Dynamics 1. Drift Protocol suffered an epic $285 million hack, with attackers using $500 worth of fake token CVT to fool oracles and empty nearly 20 vaults in 12 minutes. This could be considered the biggest April Fool's joke ever; DeFi security has been dealt another severe blow. 2. Trump will deliver a national address tonight, and sources say he will announce that the war with Iran has entered its "final stage," but Iran has not confirmed the ceasefire request. They said it would be over in two or three weeks, but then they sent an additional 2,500 Marines, a classic case of doves on one hand and hawks on the other. 3. Google's quantum computing research shows that the number of qubits required to crack BTC/ETH elliptic curve signatures has been reduced by about 20 times. However, there is no need to panic in the short term; the real threat is still far away. 4. SpaceX has secretly filed for an IPO, aiming to raise up to $75 billion, with a valuation of up to $1.75 trillion. Musk plans to allocate 30% of the shares to retail investors. This could become the largest IPO in history. 5. OpenAI completed a $122 billion funding round at a valuation of $852 billion, opening its shares to retail investors for the first time. The AI ​​arms race is burning through money faster than anyone imagined. 6. The U.S. Treasury Department released proposed rules for stablecoin regulation in light of the GENIUS Act, clarifying that state-level regulations must be "substantially similar" to the federal framework. The CFTC simultaneously stated that insider trading regulations apply to the prediction market. A regulatory framework for stablecoins is rapidly taking shape. 7. FTX creditors have officially begun distributing $2.2 billion in funds, and liquidity is finally returning. Pay attention to the subsequent flow of funds.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

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07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

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07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

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07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

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07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

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