MarketWhisper

In April 2023, the NFL first found itself without an official betting partner after its contracts with FanDuel, DraftKings, and Caesars Entertainment were not renewed. The main reason the negotiations failed was that data provider Genius Sports’ fees increased significantly. In addition, legal challenges related to prop bets have also put pressure on the NFL and could affect the way it partners with the gambling industry.

On April 3, the XPL token price saw extreme volatility within a short period, seemingly due to manual manipulation. Five addresses opened high-leverage long positions on Hyperliquid at the same time, and ultimately, after realizing profits of about $1.602 million, they quickly closed their positions. Afterwards, the price plunged, and the accumulated losses of the short positions liquidated by forced selling exceeded $32.99 million. The market showed an overbought warning, and there may be a risk of a pullback in the future.

Drift decentralized exchange protocol recently issued an announcement, identified important information related to the attack, and sent on-chain messages to affected Ethereum wallets, urging the attacker to communicate. The number of affected protocols increased to 20, with total losses exceeding $28 million. The market has speculated that the stolen funds may flow out through the Jupiter protocol, causing JUP to briefly fluctuate. Drift said it will continue to provide updates on developments.

Polymarket achieved $1.71 million in daily revenue on April 3, and for the first time introduced a fee for multiple categories through a new rate structure. At the same time, users holding POLY tokens can receive a fee discount, enhancing the token’s utility. Polymarket’s prediction data is also favored by traditional financial markets, influencing the global oil futures market and further demonstrating its commercial potential.

Blockchain analytics platform Artemis’ data shows that the 30-day rolling trading volume of stablecoins reached $7.2 trillion in February, for the first time surpassing the $6.8 trillion of the U.S. ACH network. This milestone is the result of the stablecoin market’s rapid growth over the past six years, suggesting it may break through $2 trillion under future regulatory support. The characteristics of stablecoins allow them to operate globally 24/7, highlighting a fundamental difference from traditional payment systems.

Grayscale has filed an S-1 amendment for its Bittensor (TAO) trust with the U.S. Securities and Exchange Commission, a vehicle that allows investors to gain TAO exposure in the form of securities. The trust carries risks of premium/discount and liquidity restrictions, and has not yet met its goal of tracking the TAO price. This filing could be an important step toward a regulated investment product or an ETF. As attention to technical breakthroughs in the Bittensor ecosystem grows, institutional demand is also increasing.

Adobe appears to have suffered a targeted attack; roughly 13 million user records may have been leaked. The source is its contracted Indian outsourcing company. The attackers used a remote access Trojan to obtain access privileges; the data breach includes information on customers and employees, as well as unpublished security vulnerability records. Experts advise users to enable two-factor authentication immediately, change their passwords, and stay alert to guard against social engineering scams.

The Covenant-72B model led by Bittensor Subnet 3 was recently released. It has 72 billion parameters and was trained without permission across more than 70 nodes worldwide. It scored 67.1 on the MMLU test. This achievement boosted the TAO token price by nearly 2x and also changed the industry’s understanding of decentralized AI training. In addition, most of the increase in the GMAI index was driven primarily by TAO, suggesting that the overall market recovery still needs to be observed.

Kentucky successfully blocked Section 33 of HB380, which required hardware wallet manufacturers to provide a password reset mechanism. It was criticized as an indirect ban because it conflicts with the existing HB701 law’s protections for individuals’ right to independently control encrypted assets. After final revisions, the updated HB380 was submitted to the governor for signature, maintaining the state’s pro-Bitcoin policy.

Tencent QQ officially integrates with the OpenClaw platform, allowing QQ users to directly use the “lobster” AI feature in the chat box without any technical setup. This integration includes capabilities such as one-on-one chat conversations, multimedia messages, cross-account management, and security credential management, lowering the barrier for users to enter the AI ecosystem. In addition, Tencent has also launched the “Lobster” long-term memory service to enhance the AI chat experience and memory persistence, and plans to expand its AI computing power data centers.

A whale address known for chasing high to go long and chasing lows to go short recently faced a series of liquidations on April 3. The cumulative liquidation amount reached $23.85 million, with 37 liquidations in total over the week, for an overall scale of $116 million. After the liquidations, the address quickly injected new capital and rebuilt high-leverage positions, showing a cyclical operating pattern of “liquidation—top-up—then liquidation again.” If the market continues to move downward, it will face further liquidation risk.

Riot Platforms sold 3,778 bitcoins in the first quarter, at an average price of $76,626, generating roughly $289.5 million in revenue, and retained 15,680 bitcoins. Miners were forced to dump coins due to rising energy costs and faced the impact of higher oil prices and increasing mining difficulty, which created structural selling pressure in the market, drove industry consolidation, and benefited larger miners with greater cost efficiency.

U.S. spot Bitcoin ETF markets have recently seen outflows, with net redemptions of $173.73 million in a single day. These were mainly driven by BlackRock and Fidelity’s two major funds. At the same time, Ethereum ETFs have also experienced mixed outflows, suggesting that capital is rotating among different products. Market sentiment remains uncertain, influenced by geopolitics and policy; meanwhile, institutions’ ongoing accumulation appetite has stayed weak.

x402 The foundation was established on April 3 by the Linux Foundation and Coinbase, with the goal of managing and standardizing AI agents in payment protocols. Founding members include 15 organizations such as Google and Microsoft. The protocol aims to facilitate payments without human intervention. As industry demand for AI autonomous trading rises, the x402 protocol is seen as a key to reviving trading activity, but trading volume plummeted sharply after reaching its peak.

An American court ruled to forfeit more than $600,000 in USDT, stemming from a physical letter phishing scam targeting Ledger users. After receiving the disguised letter, the victims leaked their seed phrases, and their funds were stolen. The scammers tried to conceal the funds through multiple transfers and conversion methods, but the transparency of the blockchain helped the police track the path of the fund movements. They then successfully recovered the funds through a civil forfeiture proceeding.

The European Central Bank plans to officially issue a digital euro in July 2029, and has already reached consensus on legislation. The digital euro is intended to strengthen financial sovereignty and reduce reliance on the U.S. payment system. Completing legislation by the end of 2026 will drive a 12-month pilot in 2027.

Boxing champion Mike Tyson will attend a TRUMP token luncheon hosted at Mar-a-Lago on April 25 and give a speech. Entry to the event is tiered by the holders’ rankings: the first 297 holders can attend the luncheon, and the first 29 can enjoy VIP treatment. WLFI is integrating traditional finance with the crypto space, advancing the drive toward compliance, and attracting multiple financial titans to participate.

Safe Foundation launched Safenet on April 2, providing decentralized transaction security verification for Safe non-custodial wallet users. By having independent verifiers assess transactions, it ensures they are executed only after passing safety checks, blocking common attacks. The SAFE token expands utility, allowing holders to stake for rewards. The platform is designed to strengthen users’ asset security, and is expected to reach breakeven in 2025.