A whale deposited 302.4 Bitcoins into Binance, experiencing a total unrealized loss of approximately $8.56 million.

April 7th — Per DefiLlama data, HIP-3 ecosystem project TradeXYZ has seen its trading volume climb steadily, with total volume topping $24 billion and open interest exceeding $22 billion. Both metrics outpace other platforms, and TradeXYZ now accounts for 38% of Hyperliquid’s total trading volume. Below are the top perpetual DEXs by 24-hour trading volume: - Hyperliquid (including TradeXYZ): 24h trading volume ~$71 billion; open interest ~$76.3 billion - TradeXYZ: 24h trading volume ~$24.18 billion; open interest ~$22.33 billion - EdgeX: 24h trading volume ~$22.15 billion; open interest ~$10.01 billion - Lighter: 24h trading volume ~$18.8 billion; open interest ~$6.61 billion - Aster: 24h trading volume ~$18.29 billion; open interest ~$18.03 billion - Pacifica: 24h trading volume ~$4.31 billion; open interest ~$78.93 million [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) [Lighter](https://app.lighter.xyz/?referral=70045843) [Aster](https://www.asterdex.com/

On April 7th, per OnchainLens data, a newly minted wallet deposited 3.82 million USDC to HyperLiquid 30 minutes prior, opening a short position on 9,395.67 ETH with 20x leverage and a $19.7M notional value.

Binance released its April Reserve Report on April 7th, with Bitcoin (BTC) reserves at 100.03%, Tether (USDT) at 105.62%, Ethereum (ETH) at 100.00%, and Binance Coin (BNB) at 100.96%. This month’s report marks the first inclusion of PAX Gold (PAXG)—a gold-backed token issued by Paxos—pushing the total number of cryptocurrencies in reserves to 49. Compared to the March Reserve Report, user-held BTC on Binance decreased by 12,193.855 coins in March (valued at approximately $840 million). Ethereum (ETH) holdings fell by 178,067.716 coins, equivalent to roughly $374 million.

Bitget will list Midnight (NIGHT) on April 7. Deposits are now open, and trading will go live on April 9 at 7:00 PM UTC+8.

On April 7, the Islamic Revolutionary Guard Corps (IRGC) stated that it would focus on targeting infrastructure belonging to the United States and its allies, with the aim of preventing the U.S. and its allies from accessing the region’s oil and gas resources in the coming years. U.S. regional allies should also understand that, to date, the IRGC has exercised significant restraint in selecting retaliatory targets and acted with careful deliberation due to friendly ties with these nations. However, moving forward, all such considerations will no longer apply. (Source: Oriental Fortune)