VelaFi Completes $20M Series B Funding Round, Led by XVC and Ikuyo

On April 3rd, per LookOnChain monitoring, trader loracle.hl (@loraclexyz) is dumping 450,000 HYPE tokens—valued at $15.98 million. Over the past 9 hours, he has sold 311,946 HYPE via limit orders (totaling $10.97 million) and currently holds 138,054 HYPE, worth $4.91 million.

Pixie Chess, a Web3 magic chess platform, has secured $5.2 million in seed funding. The round was led by Paradigm, with participation from SEED CLUB and several angel investors.

April 3 – SolanaFloor has released updated data showing the Drift protocol attack’s impact continues to expand, with the number of affected protocols rising to 20. Nine new protocols are now included: PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent. Losses per affected protocol are as follows: - Prime Numbers Fi: Estimated over $10 million - Gauntlet: Approximately $6.4 million - Neutral Trade: Approximately $3.67 million - Elemental DeFi: Approximately $2.9 million - Reflect Money: Approximately $1.95 million - Vectis: Approximately $1.69 million - Ranger Finance: Approximately $919,000 - Pyra: Approximately $551,000 - PiggyBank: Confirmed $106,000 loss (fully compensated by its team)

April 3rd — Per GMGN monitoring data, Solana ecosystem token PUMPCADE has hit an all-time high market cap, briefly topping $21.1 million before retracing to roughly $18.55 million. The token is up 45% over the past 24 hours. The project behind the token, Pumpcade, is a prediction market built on Pump.fun. It took third place in a March hackathon, earning a $250,000 investment from the Pump Fund — Pump.fun’s in-house investment arm.

On April 3, Intergaze—a zero-gas-fee blockchain optimized for NFTs—will begin winding down operations. Users must withdraw their assets within 14 days of the cross-chain shutdown cutoff, with a firm deadline of April 16. NFTs held by Intergaze users will migrate to Stargaze (on the Cosmos Hub) in the second half of May. To qualify for the migration, users must register a Cosmos wallet by May 1.

April 3rd, on-chain analyst Murphy stated that the on-chain average cost basis for BTC held 1–2 years (yellow line) has crossed above that for BTC held 1–3 months (orange line). This signal is nearly 100% confirmed in on-chain data, marking BTC’s official entry into the latter half of the bear market. Additionally, Murphy noted that Willy Woo—renowned Bitcoin on-chain analyst—saw his long-term valuation metric CVDD hit $45,410 at the end of last month, with only a slow $506 increase since February 10. This reflects that early whale holders have significantly reduced, or nearly halted, on-chain activity. CVDD is one of the few metrics in Bitcoin’s history that has never failed: BTC’s price has always traded above CVDD, and bear market bottoms only ever approach it without breaking below. Thus, even if there’s a “final drop,” BTC will theoretically not fall below ~$45,500—with a maximum potential decline of ~30%, though the actual drop is likely far smaller.