News

On the Hyperliquid platform, tokenized Brent crude oil futures recorded a total liquidation amount of 46.6 million USD within 24 hours, second only to Ethereum and Bitcoin. The largest single liquidation reached 17.17 million USD, marking the second time in a month that crude oil futures have led single liquidation records on a crypto trading platform. This wave of liquidations occurred after President Trump threatened to take tough actions against Iran, causing Brent crude oil prices to surge sharply and resulting in significant losses for traders shorting crude oil and longing cryptocurrencies.

BlockBeats news, on April 2nd, the Drift protocol vulnerability incident has affected multiple DeFi protocols. Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet have confirmed being impacted, with some protocols suspending minting, redemption or deposit and withdrawal functions. Among them, Ranger Finance confirmed an exposure of about $900,000, accounting for around 6% of its total $14.6 million total value locked. Pyra stated that user funds have been affected because they were generating yields through Drift and has suspended the Pyra Card feature. Asgard Finance noted that their exposure related to Drift is not significant; they have disabled this credit source and contacted affected users. Fuse Wallet has suspended Earn product deposits to Drift, but the wallet itself remains unaffected. DeFi Carrot has suspended mint and redemption functions, while Boost and Turbo products are not affected. xPlace has paused deposits and withdrawals for its Savings product, and the credit mode and lending functions are temporarily disabled. Elemental DeFi, Project 0, and other protocols stated that related fund allocations have been paused, awaiting Drift's operational recovery. Lulo Finance warned that Classic deposit users may be affected, while Protected and Boosted products have no risk exposure. (SolanaFloor)

The report shows that as a key channel for global energy trade, shipping activity in the Strait of Hormuz has nearly come to a standstill. The average daily number of vessels passing through dropped from about 130 in February to just 6 in March, a decrease of approximately 95% (Xinhua News Agency).