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Genius Group Liquidates Entire Bitcoin Inventory to Repay $8.5 Million Debt

2 hours ago

**Genius Group Sells All Remaining Bitcoin in Q1 to Repay Debt (Contradicts 2024 “Bitcoin-First” Pledge)** Genius Group, an AI and crypto firm, said Tuesday it sold its entire remaining Bitcoin in the first quarter to repay debt—walking back its 2024 “Bitcoin-first” strategy—while noting it will rebuild reserves when market conditions improve. In November 2024, the company vowed to hold over 90% of its current and future holdings in Bitcoin. As of March 2026, Genius held 84 BTC (worth approximately $5.7 million). Its Bitcoin holdings have declined since April 2025, when a U.S. court temporarily barred it from expanding its position. The firm posted strong Q1 2026 results: revenue surged 171% year-over-year to $3.3 million, gross profit rose 228% to $2 million, and net income swung from a $500,000 loss in Q1 2025 to a $2.7 million profit. Other companies have cut Bitcoin reserves in 2026: - MARA Holdings sold 15,133 BTC in March, raising ~$1.1 billion for convertible bond repurchases; - Bitdeer liquidated its entire 943 BTC holdings in February; - Cango Inc. sold 4,451 BTC; - GD Culture Group confirmed authorized sales of part of its Bitcoin inventory. In contrast, Michael Saylor’s Strategy has accumulated 89,581 BTC this year, worth around $6.1 billion.
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Japanese and South Korean Stock Markets Retreat, KOSPI Falls by Nearly 4.5%

April 2: Trump’s speech lifted oil prices and dashed hopes for interest rate cuts, jolting global markets—with Japanese and South Korean stocks retreating. The Nikkei 225 closed Thursday down 1,276.41 points (2.38%) at 52,463.27. The South Korean KOSPI finished lower by 244.91 points (4.47%) at 5,233.79. (Source: FXStreet)

8 minutes ago

After multiple liquidation events, the "buy high, sell low" whale shorted the S&P 500 with 50x leverage, suffering a 19% loss immediately after opening the position

April 2nd — Hyperinsight monitoring data shows that over the past 20 minutes, the "buy the dip" whale (address 0x965) opened a 50x-leveraged short position on the S&P 500 with a position size of $12.2 million, at an average entry price of $6,453.5. Ten minutes after opening, the position was down 19% (roughly $45,000) and is currently being liquidated at $6,537.7. Additionally, the address has fully closed its newly opened Brent Oil short position today, posting a total daily loss of $806,000. It has also sequentially deposited $478,000 into Hyperliquid.

8 minutes ago

Russia Imposes Gasoline Export Ban on Producers, Until End of July

April 2nd — Tass News Agency reports that Russia has imposed a ban on gasoline exports by producers through the end of July.

8 minutes ago

HyperCore's daily net burn exceeds 17,000 HYPE, putting the projected annualized deflation at over 6 million tokens.

**April 2 Update** Per official data from Hyperliquid (via https://app.hyperliquid.xyz/join/NTOD), April 1 activity included: - HyperCore repurchasing 43,749.54 HYPE at an average price of ~$36.77; - 26,657 HYPE distributed to stakers and 24 validating nodes; - A net permanent burn of 17,092 HYPE (offsetting repurchases against distributions) → ~17,000 HYPE in daily net deflation. Extrapolating this daily rate suggests ~6.15 million HYPE in annual deflation. By comparison, Solana adds ~25.19 million SOL yearly via staking and validator rewards (driven by inflation). Notably, HyperCore’s repurchase efficiency is negatively correlated with price—designed to smooth supply pressure across market cycles.

8 minutes ago

Alabama Becomes Second State in the U.S. to Grant DAOs Legal Status

On April 2, per Cointelegraph, Alabama Governor signed the Decentralized Nonprofit Organization Act—making the state the second, after Wyoming, to grant legal status to decentralized autonomous organizations (DAOs). The legislation provides DAOs with legal standing and limited liability protection, granting them full legal entity status to own property, sue and be sued, enter into contracts, and shield individual members and managers from personal liability. Eligibility requires a DAO to have at least 100 members and operate for a common nonprofit purpose, such as governing a blockchain network or smart contract system. The policy head at a16z Crypto stated that decentralized governance is core to crypto’s future, and this act gives decentralized communities certainty to build, govern, and scale in the real world. A similar West Virginia bill has passed the House and is awaiting the governor’s signature.

8 minutes ago

Binance Alpha will distribute an airdrop today at 4:00 PM, with a threshold of 242 points.

April 2nd: Binance Alpha will launch an airdrop at 4:00 PM today, per an official announcement. Users with at least 242 Alpha points can claim their tokens on a first-come, first-served basis until the airdrop pool is exhausted or the event concludes. Additional details will be released shortly.

8 minutes ago

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