On-Chain Data

The Ethereum Foundation-backed ZKNox founder, Nicolas Bacca, introduced at the EthCC conference the integration progress between hardware wallets and Ethereum, significantly lowering the on-chain verification cost of post-quantum secure signatures and improving efficiency. The standardized SDK they developed supports a range of account abstraction features and is dedicated to implementing open-source security standards in hardware wallets.

On April 1, 2026, Drift Protocol in the Solana ecosystem was hacked, resulting in losses of about $285 million. The attacker obtained administrator permissions for a multisig wallet, swiftly withdrew funds, and transferred them cross-chain to Ethereum, becoming the largest single security incident in the DeFi space. The investigation found that the attack was caused by a multisig management configuration flaw: the lack of a time-lock mechanism allowed the attacker to execute malicious actions immediately. The incident caused Drift’s total value locked to drop sharply, significantly impacting the Solana ecosystem.

April 1, 2026, U.S. spot Bitcoin ETFs saw net outflows of $173.73 million, with cumulative net redemptions of about $500 million in the first quarter, the worst start since 2018. Grayscale products showed diverging performance: the low-fee Bitcoin mini trust attracted inflows, indicating institutional investors are adjusting their strategy. Ethereum ETFs also face pressure, and the market needs to watch future institutional demand and regulatory changes.

Bhutan has transferred 375 BTC, continuing a trend of significant outflows linked to trading activities, indicating a shift from mining to selling Bitcoin to fund infrastructure projects. Reserves have sharply declined from previous highs.

In April 2026, after Bitcoin pulled back for five consecutive months and then stabilized, demand remained weak, apparent demand was negative, and sell pressure was higher than buying. Bitcoin transfers by large mining companies and asset management institutions were seen as a sell-pressure signal; the whale cohort shifted to reducing holdings, and retail selling became even more pronounced. With market supply-demand imbalance, the upside room for a near-term rebound was limited.

Gate News message, the Drift Protocol exploiter has purchased an additional 1,195 ETH for $2.46M USDC. The hacker's wallet now holds 130,262 ETH valued at $267.67M. According to Onchain Lens, Drift Protocol was exploited for over $270M, with the stolen funds converted into 129,067 ETH worth $277.4

The Bitcoin mining industry is facing severe challenges. As the coin’s price declines and energy costs increase, mining expenses have soared to $88,000, with miners losing nearly $20,000 for each Bitcoin mined. Rising international oil prices and escalating geopolitical risks have further intensified miners’ financial pressures. Hashrate loss and extended block times indicate that miners are exiting the market, leading to a wave of sell-offs that further impact the price structure. To survive, miners are turning to AI and high-performance computing to seek new revenue sources.

In April 2026, the price of Ethereum fell under the influence of geopolitical pressure, but on-chain data performed well and network activity was high. User preference for self-custody increased, and the DEX market share rose. Analysts say the market has not seen panic selling; whether the price will reverse in the future still depends on the external environment.

Bitcoin’s price has been trading in a tight range around $68,000 ahead of an upcoming speech by Trump, and expectations that the conflict could ease have not translated into a more optimistic positioning of capital. Trading volume indicators show sellers are in control, and the market is in the “distribution phase.” Despite some buy-side attempts to enter, confidence is lacking, and near-term direction will be driven by geopolitical factors and capital flows.

Key Insights: XRP trades about 60% below its peak despite steady ETF inflows, reflecting a gap between improving fundamentals and current market valuation levels. Institutional exposure through XRP ETFs reached 1.1 billion dollars, yet analysts say inflow scale remains too small to

SBI Holdings is partnering with Madison Garden in the United States to build a large immersive spherical arena at Tokyo Odaiba, with a budget of about 350 billion yen. The venue will be designed as a fully enclosed sphere, emphasizing an immersive experience, and is expected to accommodate 20,000 people. SBI also plans to combine entertainment assets with digital finance to develop new investment products, while also participating in the establishment of an entertainment industry fund.

Gate News message: On April 2, according to data tracked by Santiment, on-chain network activity for Ethereum has recently risen significantly. The data shows that the number of Ethereum daily active addresses has reached 788,000, the number of new daily wallet addresses has reached 255,000, and overall activity is already approaching the all-time high record.

San Francisco, CA, February 26th, 2026, Chainwire SolanaCDN delivers 3.8x faster shred propagation through a global mesh of 35,000+ nodes, provided as a public good for the Solana network Pipe Network today announced the launch of SolanaCDN, a free, open-source Solana validator client with an

The number of independent senders of non-USD stablecoins on the Solana chain has grown nearly threefold year over year, driven mainly by the euro stablecoin EURC and the Brazilian real stablecoin BRZ. Solana’s technical advantages have attracted the integration of multiple payment providers, reflecting a rising market demand for cross-border payments on high-throughput blockchains.

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.

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.

2026-04-02 03:30 to 2026-04-02 03:45 (UTC), ETH experienced a short-term decline in yield of -0.94%. The price ranged from 2046.01 to 2075.41 USDT, with a fluctuation of 1.42%. During this period, market volatility intensified, on-chain attention increased, reflecting investors’ high sensitivity to upcoming network changes and large capital flows. The main drivers of this abnormal movement stemmed from large transfers concentrated among on-chain whales and institutional addresses, with some individual transactions exceeding 10,000 ETH, and simultaneously flowing in large volumes.

Decentralized exchange Drift Protocol was hacked on April 2, resulting in losses of up to $280 million, becoming one of the largest DeFi security incidents in the Solana ecosystem. The attacker exploited a multisig vulnerability to obtain administrator keys and quickly transferred assets. Drift has paused deposits and withdrawals and has promised to continue updating the incident investigation. Security experts noted that this incident highlights the risks of high-privilege key management for DeFi protocols, urging stronger security measures to protect users’ assets.

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.

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.