South Korean police disclosed that some criminal groups use USDT to provide retaliatory attack services. Victims can pay in cryptocurrency to hire others to carry out retaliation, which has led to multiple cases. Police say it is difficult to track down the perpetrators. Experts warn that such services may spread as Web3 technology grows, and they call for increased cybersecurity awareness.

In 2026, tensions in the Middle East led Americans to face an economic burden, with the cost of military operations ranging from $30 billion to $45 billion, increasing spending by about $2.5 to $3.8 per person per day. Oil prices rose due to the conflict, driving up household fuel and living costs, intensifying inflation pressure, and affecting interest rates and financial markets, which could trigger greater risks.

Gate News message, April 3, Web3 magical chess platform Pixie Chess completed a $5.2 million seed round of financing, led by Paradigm, with participation from SEED CLUB and some angel investors.

Yupp.ai announced that it will shut down starting immediately. The website will remain available for 15 days so users can download their chat data. With improvements in AI model capabilities and changes in user needs, the company has decided to end operations early and return the remaining funds to investors.

The Middle East war has led to a sluggish market, which could weaken the size of SpaceX’s initial public offering (IPO). Analysts noted that a weak market would limit valuations, even though SpaceX is expected to list in July, with Musk counting on retail investors to boost demand.

Circle (CRCL) stock price continues to weaken, affected by multiple factors such as regulatory repricing and others. At the same time, market participants are re-evaluating its profitability as Tether’s market expansion intensifies competition and impacts Circle’s market share. Profit-taking and strategic de-risking have led to price volatility, reflecting deeper changes in the crypto industry; the market is gradually shifting toward fundamentals-driven dynamics.

Kulipa’s stablecoin card issuance infrastructure platform completed a $6.2 million seed round on April 2, led by Flourish Ventures and 1kx. Founder Axel Cateland said the financing was structured as a SAFE form; previously, it completed a $3.0 million funding round in 2024.

From 02:00 to 02:15 (UTC) on 2026-04-02, ETH experienced a significant decline. Over 15 minutes, the return was -1.01%. The price fluctuated between 2078.19 and 2100.1 USDT, with an amplitude of 1.04%. Short-term trading was active, market attention increased, and volatility intensified. The main driver behind this movement was that the sell-side order proportion on a certain trading platform's order book rose to 63%, while buy orders weakened significantly, directly triggering the price decline. At the same time, during this period, capital flowed out net, buy-side support was insufficient, and the concentrated selling pressure led to a sharp short-term decline in ETH.

The founder of SlowMist, Yu Xuan, disclosed that the Drift Protocol theft incident was caused by its migration to a 2-of-5 multisig scheme without a timelock, which enabled the attacker to quickly seize control of permissions and resulted in losses of over $200 million. He urged DeFi project teams to regularly review risks, and users need to pay attention to the protocol’s risk of capital loss.

On April 1, Kulipa announced that it has completed a $6.2 million seed round. Flourish Ventures and 1kx led the investment, aiming to provide white-label stablecoin payment card services for fintech companies. The funding was structured as a Simple Agreement for Future Equity (SAFE); no further details have been disclosed yet.