Solana

On April 2, 2026, Coinbase Global (COIN) joined the Linux Foundation to formally establish the x402 Foundation, a nonprofit set up to steward an open-source protocol built around HTTP 402 "Payment Required". The X402 protocol turns the long-unused status code into a machine-readable payment flow that lets websites, APIs, and autonomous AI agents price and settle requests via digital wallets, including stablecoin-based settlement such as USDC.

Drift Protocol said Friday it initiated onchain outreach to wallets holding Ether linked to an exploit that outside firms estimate at roughly $280 million to $286 million. The team said it sent messages from Ethereum address 0x0934faC to four wallets associated with the exploiter, asking them to contact Drift via Blockscan chat. The outreach followed Thursday onchain messages from an unknown ENS user demanding 1,000 ETH to withhold alleged identity information.

On April 2, 2026, the Linux Foundation announced the x402 Foundation at the MCP Dev Summit North America in New York. The effort includes Coinbase formally contributing the x402 protocol to the Linux Foundation to support open, internet-native payments over HTTP for AI agents, APIs, and apps. The foundation launched with backing from more than 20 companies, while the Solana Foundation was cited as an early adopter with nearly 65% of this year's x402 transaction volume.

Solana (SOL) is trading around $79–$83 as the market digests a Drift Protocol exploit that drained at least $270 million in under 60 seconds. Analysts frame $85 as a key level, warning that failing to regain it could increase downside risk toward $50, while the incident is described as abuse of Solana’s durable nonces rather than a broken codebase.

SoFi Technologies introduced its Big Business Banking platform, aiming to let institutions move and settle funds 24/7 using both fiat and digital assets, with Solana expected to be one of the supporting networks. Over the last 30 days, Solana DEX volume slid to $55.5 billion—its lowest level since September 2024—while network fees fell 42% and SOL dipped below $80 amid soft momentum signals.

On Thursday, April 2, 2,665,137 SOL previously locked in staking was unlocked within a few minutes, with the holdings valued at over $211 million. The unstaking occurred in two transactions as SOL traded around $79, while the token later changed hands near $77, down 6.52% over the past day.

On Thursday, SoFi Technologies launched SoFi Big Business Banking, enabling U.S. enterprises to hold deposits, move money, and settle in fiat, SoFiUSD, and select cryptocurrencies 24/7 from SoFi Bank, N.A. The company says the platform combines a nationally chartered bank’s regulatory framework with API-based rails designed to reduce settlement delays tied to traditional banking hours.

Drift Protocol on Solana lost about $285 million in an exploit, including stablecoins such as Circle's USDC. ZachXBT said Circle failed to freeze $230 million USDC that was bridged from Solana to Ethereum via CCTP and claimed it had roughly six hours to act. Multiple protocols reportedly paused activity after the incident, while Circle's CRCL stock extended a decline with MFI falling to 19 and BBP indicating seller dominance.

Drift Protocol suspended deposits and withdrawals after an exploit drained about $280 million via admin-level access. The Solana-based DEX said the attacker took over Security Council permissions using pre-approved transactions, then removed withdrawal limits and added a malicious asset. The incident underscores how governance, multisig approvals, and signing workflows can become key DeFi attack surfaces.

Solana (SOL) traded around $78, falling nearly 6% on the day and extending an 11% weekly decline. Drift Protocol said it suffered an exploit, while an on-chain monitor claimed nearly 980,000 SOL was drained and losses exceeded $200 million. The move leaves traders watching whether SOL can reclaim $85 or risks breaking below the $78 support zone.