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Brent Crude Oil Futures Surge Above $140 per Barrel, Hitting a New High Since 2008

2 hours ago

April 3: Spot Brent crude — the North Sea’s physical oil delivery benchmark — topped $140 per barrel, hitting its highest level since 2008. Per S&P Global Platts, North Sea-delivery Brent crude reached $141.37/bbl, marking the highest price since 2008. The Strait of Hormuz has been closed for over a month, triggering the largest oil supply disruption in market history, according to the International Energy Agency (IEA). The strait handles roughly one-fifth of global oil shipments, and refineries have been scrambling for available supplies in recent weeks. Spot Brent was just below $128/bbl one day earlier, and current prices now surpass the peak seen during the 2022 Russia-Ukraine conflict. While benchmark Brent crude futures remain below that peak, spot Brent reflects the price of oil traded over a shorter time horizon. (FXStreet)
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Hyperliquid continues to capture CEX market share, with the perpetual contract market share approaching 6%.

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Trump: Iran is reaching the point where they will have to make a deal, or it will be too late

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"Pal" Increases ETH Long Position to 6860 Coins, Equivalent to $14.15 Million

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Circle will be launching cirBTC, a 1:1 pegged Bitcoin asset with on-chain attestation.

On April 3rd, Circle announced the launch of wrapped Bitcoin (cirBTC)—a token backed one-for-one by Bitcoin that’s easily verifiable on-chain, with the goal of seamless integration into Circle’s infrastructure and the broader DeFi ecosystem.

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44% of Bitcoin's circulating supply is currently in a state of unrealized losses, with hodlers facing nearly $600 billion in unrealized losses

April 2nd — Bitcoin trades at $66,450 as of press time, 47% below its $126,000 all-time high set in October 2025, leaving HODLers facing steep unrealized losses. Per Glassnode data, ~8.8 million BTC are currently in a loss position, translating to ~$598.7 billion in unrealized losses—over 44% of Bitcoin’s circulating supply. The firm notes this loss scale is structurally similar to Q2 2022: “Historically, resolving this level of supply excess requires loss-making holders to shift BTC to new buyers entering at lower prices.” Long-term holders (holding >155 days) are realizing $200 million in losses daily—Glassnode calls this “confirmation of active stop-loss selling.” A meaningful drop below $25 million/day would signal selling pressure exhaustion, a historical prerequisite for a bottom preceding a bull market transition, the firm adds. Bitcoin’s spot price also sits below the $83,408 average cost basis for U.S. spot ETF holders, ramping up pressure on these investors. As of th

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KuCoin, as the sole global exchange, has been selected to participate in the Nigeria Central Bank's virtual asset regulation pilot, demonstrating its global compliance strategy.

On April 2nd, the Central Bank of Nigeria (CBN) launched a regulatory pilot program for Virtual Asset Service Providers (VASPs). The first group of participating institutions includes several regional fintech and digital asset firms, with KuCoin as the only global exchange platform selected. The pilot focuses on Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Combating Proliferation Financing (CPF) compliance—aiming to strengthen the digital asset industry’s risk management and regulatory capabilities. Participating entities must engage in structured regulatory communication and submit regular compliance data. KuCoin CEO BC Wong noted that constructive regulatory dialogue is a critical foundation for the long-term sustainable growth of the digital asset sector. The company will continue to deepen communication and collaboration with global regulators to enhance transparency and risk management capabilities. Market observers generally see this selec

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