Wintermute's liquidity provision address has generated a profit of $1.9 million today, with a total position size of around $74.9 million.

April 2nd: Iran’s top foreign policy advisor and former foreign minister Velayati said in a post on his personal social media account that the Strait of Hormuz is open to the world but will remain closed to enemies of the Iranian people and their regional strongholds. He noted that conflict resolution depends on Iran’s decisions and power, not the delusions and arrogance of aggressors. (CCTV News)

A spokesperson for Pakistan’s Ministry of Foreign Affairs said on April 2 that it has not yet been confirmed whether any U.S. delegation has arrived for talks on the Iran issue.

April 2nd — Per HyperInsight monitoring (via its Telegram channel: https://t.me/HyperInsight), a whale with an address starting with 0x06a has been taking profits on a GOLD long position over the past hour. As of 10 minutes prior to this update, the whale fully closed the position at an average price of ~$4,587; the prior position size was $10.3M. Driven by intraday gold price declines, the position’s unrealized profit narrowed from a peak of $870K to a final realized profit of $418K — a drop of more than 50% from its peak unrealized value.

On April 2, Coinbase CEO Brian Armstrong took to social media to share: “I’m going to personally focus on Bitcoin’s post-quantum security—looks like we all need to tackle this sooner rather than later.” Earlier, Coinbase Chief Security Officer Philip Martin noted that a recent quantum computing paper from Google and Caltech is a major signal for the entire industry. While the timeline remains up for debate, he stressed now is the time to act. Coinbase has already audited and upgraded its internal infrastructure, researched post-quantum cryptography, and established a quantum advisory board. Since Bitcoin needs to make quick progress on this front, Coinbase is stepping up to rally the community—uniting Bitcoin Core developers and broader stakeholders to start addressing the issue.

April 2nd: LookOnChain monitoring data indicates that "Big Brother Whale" Huang Li manually closed 2,700 ETH long positions (valued at $5.54 million) to avoid liquidation. He still holds 5,000 ETH long positions (worth roughly $10.22 million), with a new liquidation price of $2,031.52.

On Wednesday, April 2nd, the U.S. Commodity Futures Trading Commission (CFTC) announced a supplemental consent order in its enforcement action against Nishad Singh, FTX’s former Head of Engineering. Singh is ordered to pay a $3.7 million fine tied to illegal profits, and he faces a five-year trading ban and an eight-year registration ban—barring him from obtaining licenses to operate in relevant industries. The CFTC’s Enforcement Director noted the penalty accounts for Singh’s cooperation with authorities. Previously, Singh faced multiple legal actions from the CFTC, U.S. Securities and Exchange Commission (SEC), and Department of Justice (DOJ) over his role in FTX’s November 2022 insolvency and user fund misappropriation. His SEC case settled in December 2025 with an eight-year industry ban. In the criminal matter, Singh cooperated by testifying against former CEO Sam Bankman-Fried and working with prosecutors, resulting in a sentence of time served plus three years of supervised r