EDX Markets Holding Company, Inc. is seeking approval to form EDX Trust, National Association, a de novo national trust bank based in Chicago, to serve institutional clients with digital asset custody, asset management, and settlement. The application became public on Wednesday, April 1, and the OCC had already placed it on its pending digital-asset licensing list on March 26. If cleared, EDX Trust would operate electronically with no branches or retail offering, while trading and order matching would remain with affiliate EDX Markets LLC.

Drift Protocol, a Solana-based DeFi platform, said on April 1, 2026 that it is investigating unusual activity and urged users not to deposit funds while the review continues. Lookonchain reported that more than $270 million in crypto was suspiciously moved to wallet "HkGz4K", then swapped into USDC and bridged to Ethereum to purchase ETH. The tracker said the buying reached 19,913 ETH ($42.6 million) before rising to 38,820 ETH ($82.6 million).

QCP Group published a note assessing quantum-computing risks for crypto after a Google whitepaper dated March 30 argued Bitcoin-style elliptic-curve cryptography could be broken with fewer quantum resources than previously believed. The firm says the issue is a long-term, system-wide challenge tied to public-key infrastructure rather than an immediate market shock, while noting BTC was trading in the high $68k range at the time of writing.

Crypto analyst Sykodelic said in an X post that Bitcoin's "bleed" is close to ending and argued BTC is unlikely to fall into the $40,000 range, pointing to how 2022 dip buyers waiting for $12,000 were sidelined. He outlined a scenario around a deviation near $60,000 and a potential move back above $74,400, while Willy Woo separately flagged model-based bottom estimates between $46,000 and $54,000. At the time of writing, BTC traded around $68,600, up over the past 24 hours.

Cango Inc. closed a $65 million insider equity placement on March 31, 2026, and completed a $10 million convertible note on April 1, 2026, for a combined raise of about $75 million. The company said the proceeds will support acquisitions and AI computing infrastructure under its Ecohash unit, alongside integrated energy and distributed AI inference pilots. Cango shares traded at $0.40 on April 1, down 5.18% on the day, after falling 73.65% year-to-date.

Stablecoin transaction volume on Solana climbed to a record $650 billion in February and was described as tracking toward a comparable jump in March. Over the same period, Solana DEX activity cooled, with last week’s volume at $11.42 billion versus Ethereum’s $7.25 billion, while one analyst projected a potential move to $360 with support and resistance levels outlined.

Drift Protocol has suspended deposits and withdrawals after confirming an active attack and disclosing the incident on 1 April. Early on-chain estimates put potential losses near $285m, spanning assets such as $71.4m in USDC and $159.3m in JLP. The team said it is working with security firms, bridges, and exchanges, while the alleged exploit method remains unconfirmed.

On April 1, the US Treasury released the first rules to implement the GENIUS Act, outlining federal oversight, reserve standards, reporting duties, and issuer licensing for the stablecoin market. The framework sets a $10 billion threshold that affects whether an issuer may remain under state supervision, while also banning yield or incentive-like features on stablecoins. Regulators expect the final framework by July, with full rollout planned by the end of the year.