According to an analysis by The Kobeissi Letter, hedge funds sold off stocks worth $40 billion in a single day on Thursday, the largest since 2010; the volume of short selling was three times that of buying, with North American stock trading accounting for 75% of the total. During the Lehman crisis in 2008, the market's single-day sell-off was $28 billion, adjusted to $42 billion, while the net sell-off during the COVID-19 shock in 2020 was $52 billion.

Odaily News Professional Capital Management founder and CEO Anthony Pompliano stated that Trump is deliberately causing the Capital Market to collapse in order to force a drop in interest rates and lower the cost of repaying U.S. government debt. Although the current U.S. government policies will bring short-term pain, the effects of low interest rates will encourage borrowing and drive up the prices of risk assets in the long run. (Cointelegraph)

Jin10 reported on April 5 that Ukrainian President Zelensky harshly criticized the U.S. Embassy on the same day, stating that its statement was "weak and powerless" and did not blame Russia for the missile attack on the city of Kryvyi Rih in Ukraine.

Hyperliquid's co-founders responded to concerns about market manipulation, stating that the Margin design ensures the platform's solvency through mathematical mechanisms, with losses limited to its own treasury and not relying on HLP for operation. After the JELLYJELLY incident, the backup liquidation protection mechanism was strengthened, optimizing HLP's loss resistance without changing the underlying architecture. The liquidation treasury sets a collateral cap, processing Position orders while preserving market liquidation, backup liquidation, and automatic deleveraging. Backup liquidation increases the loss limit, drops the attack cost, and maintains the operating mechanism.

At the beginning of 2022, OpenSea accounted for as much as 97% of the volume in the Ethereum NFT market, but its market share has since fallen to around 20%. However, over the past 10 months, OpenSea's share has steadily climbed and has now surpassed 51%. Analysts believe that the recovery of OpenSea's market share may be due to the poor performance of its competitors. The volume of NFT transactions on Blur has continued to decline, with an average monthly decrease rate of 55%. Additionally, the overall Ethereum NFT industry has seen a significant drop in volume over the past three months, performing poorly.

FTX cancels $2.5 billion claims due to users not completing identity verification. Nearly 400,000 users failed to complete KYC before the deadline, leading to FTX canceling the $2.5 billion claims. These claims were dismissed by the Delaware bankruptcy court and involved amounts exceeding $2.5 billion, including $655 million in small claims and $1.9 billion in large claims. These canceled claims are part of the $33.6 billion disputed claims that FTX expects to reject, aimed at compensating for the mismanagement of the former management.

OpenSea's market share in the Ethereum NFT market has fluctuated, dropping from a high of 97% to 20%, and then rising to 51%. Analysis points out that this return is not due to its own performance, but rather the poor performance of competitor Blur. ( comes from The Block )

According to Gate.io News bot, The Kobeissi Letter reported that hedge funds dumped $40 billion worth of stocks on Thursday, marking the largest single-day sell-off since 2010. Data shows that short positions reached three times that of long positions, with North American stocks accounting for 75% of the total trading volume. On the same day, retail investors took the opposite action, buying $4.7 billion in stocks, reaching the largest single-day purchase scale since 2015. However, between 9:30 AM and 12:00 PM on Friday, retail investors turned to sell $1.5 billion, setting the record for the largest sell order within 2.5 hours. Source: Wu Says

Hedge funds are dumping stocks on a large scale, setting the largest single-day record since 2010. On Thursday, the volume of shorting was three times that of going long, with North American stocks accounting for 75%. During the Lehman crisis, the single-day dumping was $28 billion, which is approximately $42 billion today. In the week of the COVID-19 shock in 2020, the net selling was $52 billion.

According to the Gate.io News bot, data from DappRadar shows that the launcher Blum Memepad of the TON application Blum set multiple historical highs on April 3. On that day, the number of independent active addresses reached 9.87k, the number of transactions reached 12.8k, and the volume reached 1.29 million USD, marking the highest level in over a month. DappRadar data indicates that the number of active addresses for Blum Memepad accounts for over 10% of the total TON. Previously, Blum, which received investment from YZi Labs, announced plans for an airdrop during Q2-Q3. Users must meet three conditions to qualify for the airdrop: a minimum of 100k BP, a minimum of 750 MP or completed PoA, and at least 2 referrals. Currently, no snapshot has been taken. Source: Wu Shuo

BlockBeats news, on April 5th, according to official news, X.me plans to integrate Wallet services to provide a more secure Crypto Assets storage solution and enhance user services. To this end, X.ME has partnered with the Crypto Assets service provider BKT.

PANews April 5 news, Gate.io has now launched BABYUSDT Perptual Futures pre-trading (USDT Settlement), supporting 1-10x leverage.

Odaily News Gate.io has now launched pre-market trading for BABYUSDT Perptual Futures (USDT Settlement), supporting 1-10x leverage.

Jin10 data reported on April 5, the Small Commodity City released its 2024 annual report on April 4. In addition to the Chinese version, the company also disclosed English and Arabic versions. This is the first annual report summary of a listed company edited in Arabic in the history of A-shares. A person familiar with the company stated that the content of all versions is the same, and this move is likely to facilitate overseas investors' understanding of the company.

Jin10 data reported on April 5th that the Small Commodity City released its 2024 annual report on April 4th. In addition to the Chinese version, the company also disclosed English and Arabic versions. This is the first annual report summary of a listed company in A-shares that has been edited in Arabic. A person familiar with the company stated that the content of all versions is the same, and this move is likely to facilitate foreign investors' understanding of the company.

$PI

PANews, April 5 - According to DL News, FTX will disqualify claims from nearly 400,000 customers because they failed to start verifying their identities before the March 3 deadline. Non-compliance with Know Your Customer regulations could lead to the cancellation of claims amounting to as much as $2.5 billion, including $655 million in small claims and $1.9 billion in large claims. FTX stated that this process is crucial as it is essential to address the failures of the previous management in collecting user data and conducting due diligence.

PANews, April 5th news, according to DL News reports, FTX will disqualify nearly 400,000 customers from claims due to users failing to start verifying their identity before the March 3rd deadline. Non-compliance with know-your-customer regulations may lead to up to $2.5 billion in claims being cancelled, including $655 million in small claims and $1.9 billion in large claims. FTX stated that this process is crucial as it is essential to remedy the failures of the previous management in user data collection and due diligence.

On April 5, Jin10 reported that former German Foreign Minister and current Chairman of the Atlantic Bridge Association, Sigmar Gabriel, stated that Canada could join the European Union and that it might be conceivable for Canada to partially integrate into the EU.

The U.S. "reciprocal tariff" policy has faced opposition from multiple countries, with questions raised about the method of calculating the tax rates. It has been criticized as "simplistic and crude" and "fabricated," not meeting economic standards. Experts argue that this calculation method does not align with usual standards and cannot serve as a basis for negotiations.

The United States' "reciprocal tariff" policy has faced opposition from multiple countries, with questions raised about the method of calculating tax rates, being criticized as "simplistic and brutal" and "fabricated," not meeting economic standards. Experts have accused this calculation method of not conforming to usual standards and being unable to serve as a basis for negotiations.

$STBU

According to Gate.io News bot, Stephanie Ruhle, host of NBC News, revealed on the 4th that U.S. Treasury Secretary Scott Pruitt is considering resigning due to his inability to accept the tariff algorithm imposed by the Trump administration. Lüle stated in the "Good Morning, Joe" program that, according to his sources, Besant seemed out of place in the Trump administration, and Trump had a lukewarm attitude towards him and did not accept his suggestions. Insiders also revealed that Besant is seeking an opportunity to switch to the Federal Reserve, as recent developments have affected his market credibility and professional reputation. So far, Besant himself has not responded.

BlockBeats news, on April 5, according to DL News, FTX stated that approximately 250 million dollars in customer claims have been canceled due to nearly 400,000 users not completing identity verification (KYC) before March 3. According to documents from the Delaware bankruptcy court dated April 2, 392,000 claims have been completely rejected and removed, involving content up to 2,377 pages. Although the initial estimate for unverified claims was around 1 billion dollars, creditor representative Sunil Kavuri mentioned that the actual amount could exceed 2.5 billion dollars, including 655 million dollars in small claims and 1.9 billion dollars in large claims. These canceled claims are part of FTX's total of 33.6 billion dollars in disputed claims that it expects to reject. FTX stated that this process is aimed at compensating for the actions of the former management regarding users.

BlockBeats news, on April 5th, according to DefiLlama data, the current total market capitalization of stablecoins across the network is reported at 235.101 billion USD, with a rise of 0.71% over the past 7 days, among which the market share of USDT is 61.56%.

Gate.io News

According to BlockBeats news on April 5th, Gate.io will launch ALE spot trading on April 7th at 16:00 (UTC+8), and will open the HODLer Airdrop from April 5th at 17:00 to April 7th at 12:00 (UTC+8), holding 1

The diamond industry in Surat, India is facing pressure from the U.S. imposing a 26% "reciprocal tariff," which has hindered the diamond business. Manufacturers may cut production or even shut down. The tariffs have led to rising export prices and weakened demand, threatening the livelihoods of 700,000 workers in the diamond industry.

Odaily News DWF co-founder Andrei Grachev posted on the X platform stating that a project contacted us, and we supported and executed a buyback (or referring to HIPPO), while another Token is under consideration. Andrei Grachev stated, "Fck bears and make crypto great again! LFG!" and attached