An whale has taken a 20x leverage long position on $11.5 million worth of gold and silver.

April 16 — U.S. initial jobless claims for the week ended April 11 totaled 207,000, coming in below the expected 215,000. The prior week’s reading was revised down from 219,000 to 218,000. Per CME’s FedWatch Tool, after today’s claims release, the probability the Federal Reserve holds interest rates steady at its April meeting stands at 99.5%, with just a 0.5% chance of a 25-basis-point rate hike.

On April 16, data from HTX shows DRIFT has surged over 15% in the short term, currently trading at $0.0526. Earlier reports note Drift announced its Drift Protocol has secured support from Tether and other partners. Tether plans to contribute $127.5 million, while other partners intend to put in $20 million—jointly backing user recovery efforts following the April 1 exploit.

April 16: Drift Protocol announced it has secured backing from Tether and other partners to support recovery efforts for users affected by its April 1 exploit. Tether is committing $127.5 million, while other partners are contributing $20 million as part of the support package. This includes a $100 million revenue-based lending credit line, ecosystem grants, and loans for liquidity providers. Drift will establish a dedicated user recovery pool to gradually address $295 million in outstanding user losses as transaction fees accrue. It will also distribute separate transferable recovery tokens to affected users, representing claims on the recovery pool. Additionally, Drift is rebooting its protocol, has engaged auditors Ottersec and Asymmetric, and is migrating its settlement layer from USDC to USDT. The April 1 exploit resulted in approximately $295 million in stolen assets, but the insurance fund remains unaffected.

On April 16th, data from HTX shows ORDI continued to surge—briefly topping $7—before settling at $6.889, with a 24-hour price jump of 151%. Over the past 12 hours, $11.91 million worth of RAVE contract positions were liquidated across the network: $9.47 million in long positions and $2.44 million in shorts. The liquidation volume outpaced that of Bitcoin and Ethereum, leading all assets on the network.

On April 16 (local time), U.S. Secretary of Defense Lloyd Austin stated during a press conference that the U.S. Treasury is launching an operation codenamed "Economic Fury" to apply maximum economic pressure on Iran. (CCTV)

April 16 – In response to rumors that ByteDance spent nearly 100 million yuan to poach former DeepSeek researcher Guo Daya, Douyin Vice President Li Liang issued a statement clarifying key points: All technical members of ByteDance’s Seed team have the same salary structure, covering cash, ByteDance options and Bean options. These options come with a four-year vesting period, and there is no requirement to meet specific conditions to receive full benefits. Additionally, no new hires have been offered an annual salary of nearly 100 million yuan recently. The future returns from Seed team members’ ByteDance and Bean options will fluctuate with option prices. If the business performs well, some technical members could potentially see returns reaching hundreds of millions of yuan after four years. (Yicai)