HuoXing Finance reported that on April 1, Hyperinsight monitoring showed that comments by Trump on a troop withdrawal sparked a sharp shift in market sentiment, pushing both WTI and Brent crude below $100 per barrel. Two Abraxas Capital addresses—the largest on-chain holder of crude oil positions—moved from losses to gains on their short exposure, with combined unrealized profit expanding to $4 million. Total position size climbed to $144 million. Key positions: BRENTOIL short (5x leverage) with a $92 million notional at an average entry of about $103; WTICRUDE short (5x leverage) with a $52 million notional at an average entry of about $98.30.

Crypto-related thefts jumped in March 2026, with more than $52 million stolen across 20 major incidents, according to PeckShield. The figure represents a 96% month-on-month increase from February's $26.5 million, ending what had been the lowest monthly total in 11 months and pointing to a renewed rise in threat levels. PeckShield said the most significant March incident involved Resolv Labs. Chainalysis reported that an attacker compromised Resolv's cloud infrastructure and gained access to its AWS Key Management Service (KMS) environment, enabling the minting of 80 million unbacked USR tokens. USR subsequently crashed, and the attacker ultimately extracted about $25 million in ETH, Chainalysis said. Losses extended beyond Resolv. The USR price collapse triggered bad debt across Fluid, Morpho Blue, and Euler Finance. March also saw a renewed wave of physical and social engineering attacks. Pseudonymous trader Sillytuna reportedly lost $24 million in early March after attackers used violence, weapons, and kidnapping threats. In a separate case, a social engineering attack targeting a Kraken account holder drained roughly $18 million. Venus Protocol (XVS) ended the month with $2.15 million in bad debt. With total crypto losses in Q1 2026 exceeding $164 million, the growing use of hybrid and offline tactics is increasing personal security concerns for high-value holders.

The Uniswap Foundation (@UniswapFND) published its FY2025 financial summary, stating that its current funding is sufficient to support operations through January 2027. The report has not been audited. The foundation reported total assets of $85.8 million, comprising cash, stablecoins, and holdings in $UNI and $ETH. Liquid reserves were listed at nearly $50 million. More than $106 million has been earmarked for grants and incentives to support developers and projects, with distribution expected to occur over time. All figures are based on year-end 2025 prices.

April 1 — Bitcoin closed the first quarter of 2026 down 23.8%, its worst Q1 showing since 2018, The Block reported, cited by Huo Xing Finance. In Q1 2018, Bitcoin fell 50%. Following a 23% decline in Q4 2025, Bitcoin's six-month drawdown has reached roughly 41.6%. Market participants pointed to a mix of ETF flows and macro headwinds. Andri Fauzan Adziima, Research Director at Bitrue, said the Q1 drop was largely driven by outflows from U.S. spot Bitcoin ETFs, with elevated inflation, the Federal Reserve's cautious posture and broader risk aversion adding pressure. Spot Bitcoin ETFs posted net outflows of $965 million in Q1. Withdrawals totaled $1.8 billion across January and February, while March saw $1.32 billion in inflows, partially offsetting earlier redemptions. Analysts said the long-term thesis remains largely unchanged. Min Jung, a researcher at Presto Research, said there is little sign of a structural shift in Bitcoin's long-term narrative, noting that institutional participation and adoption trends remain intact—suggesting the move is cyclical rather than fundamental. She added that a Q2 rebound would likely require greater macro clarity, particularly around the Middle East. Nick Ruck, Director of Research at LVRG, said a second-quarter reversal would depend on renewed net ETF inflows, tangible progress on pro-crypto regulation in the U.S., and a turn toward looser monetary conditions.

Google Quantum AI has published a technical blog post outlining new resource estimates for quantum attacks on the 256-bit elliptic curve discrete logarithm problem (ECDLP256), the cryptographic foundation behind Bitcoin and many other blockchain systems. The post, dated March 31, 2026, is co-authored by Ryan Babbush (Director of Quantum Algorithms Research, Google Quantum AI) and Hartmut Neven (VP of Engineering, Google Quantum AI and Google Research). Its central takeaway: the estimated number of physical qubits required to break ECDLP256 has dropped by roughly 20x compared with prior estimates. In a whitepaper accompanying the update, the authors describe two fault-tolerant circuit designs implementing Shor's algorithm for ECDLP256. One uses fewer than 1,200 logical qubits with 90 million Toffoli gates; the other uses fewer than 1,450 logical qubits with 70 million Toffoli gates. Under standard hardware assumptions aligned with Google's superconducting quantum roadmap, they estimate the circuits could run in minutes on a cryptographically relevant quantum computer (CRQC) requiring fewer than 500,000 physical qubits. Google argues the results strengthen the case for accelerating migration to post-quantum cryptography (PQC). The company notes it recently proposed a 2029 migration timeline and says PQC is already a mature path for securing blockchains against future CRQCs. The post points to existing examples of post-quantum blockchains as well as experimental deployments of PQC on blockchains that are currently vulnerable to quantum attacks. For the cryptocurrency ecosystem, the authors recommend steps to reduce near-term exposure, including limiting the exposure or reuse of vulnerable wallet addresses. They also suggest exploring policy options related to abandoned cryptocurrencies, given the long-term implications of quantum-enabled key recovery. A key element of the publication is its disclosure approach. The authors emphasize that blockchain security discussions are unusually sensitive because market confidence can be damaged by fear, uncertainty, and doubt (FUD), and they argue that unsound quantum-breaking estimates can themselves function as an attack vector. To balance transparency with risk, Google says it is releasing verification materials based on a "zero-knowledge proof" method, allowing third parties to validate the resource estimates without revealing the underlying quantum circuits or operational attack details. Google says it hopes the work will help align quantum computing, security, cryptocurrency and policy communities around responsible disclosure practices for quantum cryptanalysis, while supporting long-term resilience of the broader digital economy.

Bitcoin ended the first quarter with a 24% decline, marking its worst Q1 performance since 2018.

A renewed slide in oil prices has fully liquidated whale wallet 0xc278 after repeatedly adding to a leveraged long. The trader is estimated to have lost about US$1 million. Liquidated position: 211,335 xyz:BRENTOIL, worth US$21.37 million.

HuoXing Finance said that, per official updates on April 1, the total value locked (TVL) in USDD, a multichain overcollateralized decentralized stablecoin, has climbed past $2 billion. USDD's circulating supply also rose to $1.53 billion, with both metrics marking new all-time highs. The parallel rise in TVL and supply is being read as a sign of growing market confidence in USDD's stability and real-world utility. After TVL jumped from $1.45 billion to $1.93 billion over the prior week, USDD has continued to see sizeable inflows, reinforcing its positioning as a "yield-bearing USDT." USDD combines overcollateralization with a PSM-based 1:1 redemption framework and cross-chain support, a structure it says has helped it maintain resilience and user traction during periods of market volatility.

The CFTC's enforcement director said U.S. insider trading laws extend to prediction markets and warned the agency will actively pursue violations involving misappropriated information.