Market Update - Thursday, April 2

- Oil prices have risen back above $100, gold has dropped below $4,700, and Bitcoin is down to around $67,000.
- Trump has announced plans for a strong attack on Iran in the next 2-3 weeks, reaffirming previous statements.
- March's ADP private employment data exceeded expectations, marking the ninth consecutive month of growth.

ETF Spot Update as of April 1:
- Bitcoin is down $87.2 million; BlackRock has not provided data.
- Ethereum is up $19.7 million; BlackRock has not provided data.
- Solana has no trading activity.

- The CFTC Chair is prepared to regulate the entire crypto market, despite the Clarity Act not yet being passed by Congress.
- Hong Kong has missed its deadline to issue stablecoin licenses by the end of March, stating it is still processing applications without a new timeline.
- Li Xiong, chairman of Huione, has been extradited from Cambodia to China for trial related to money laundering under Chen Zhi.
- The decentralized exchange Drift on Solana has been hacked for over $270 million, likely due to an exposed admin private key; operations have been temporarily halted.
- Deepcoin has partnered with Polymarket to launch "Event Contracts," allowing users to trade prediction markets directly on the centralized exchange.
- Empery Digital has sold the remaining 1,795 BTC (approximately $123 million) to Gemini, having previously accumulated 3,803 BTC at an average price of about $117,706.