Key Market Intelligence on April 4th, how much did you miss?

Top News

1.Justin Sun: FDT's Net Worth at the End of 2024 Plunges to Negative 100 Million Hong Kong Dollars, Massive User Asset Misappropriation Leads to Huge Loss

2.Multiple Institutional Addresses Deposit Large Amounts of ETH into CEX in the Past 24 Hours, Totaling Over 1.17 Billion US Dollars

3.Today, Several Whales Unlock and Sell SOL, Totaling Over 46.3 Million US Dollars

4.FIL Sees Short-Term Surge of 28% Following Upbit Listing, Then Retraces Losses

5.Analyst: Regardless of Tonight's Non-Farm Payrolls Data, the Crypto Market Could See a Rebound

Featured Articles

1.《How Did the TreasureDAO, Aiming to Be the Web3 Nintendo, End Up in Failure?》

From the grand vision of being the "Web3 Nintendo" to the difficult decision to terminate game development and shift to AI, TreasureDAO experienced a dramatic turnaround from glory to obscurity over three years. Initially rising rapidly with the NFT ecosystem built on the inspiration of Loot and the $MAGIC token, Smol Brains and Bridgeworld once drove up Arbitrum NFT trading volumes, with $MAGIC hitting a peak of 6 US dollars in early 2022. However, price drops, unfinished games, and high operating costs have left it financially strained, with the treasury now holding funds for only a few months. Under survival pressure, TreasureDAO has laid off employees, cut expenses, and abandoned game releases, attempting a comeback through AI and streamlined strategies. However, the dream of becoming the "Web3 Nintendo" has faded away.

2.《JELLY Exposes HLP Risk Vulnerability, How Did Hyperliquid Counterattack?》

The article analyzed the event where the soaring price of JELLY resulted in the liquidation of a $4 million short position, revealing the HLP's underlying design flaw that exposed platform risk. It introduced measures such as the HLP Liquidation Reserve, dynamic Unrealized Contract Cap, and asset delisting to optimize risk management. It also launched a multi-table dashboard to monitor real-time metrics such as Unrealized Contracts, liquidity, funding rates, etc., to help validators identify manipulation risks and make decisions on asset delisting.

On-Chain Data

On-chain fund flows for the week of April 4