April 5 — HyperInsight data shows Huang Licheng has increased his 25x-leveraged ETH long position to 7,500 ETH, valued at about $15.24 million. The position carries an average entry price of $2,073.10 and a liquidation level of $1,988.30, with an unrealized loss currently standing at $306,000.

Resolv says a coordinated attack on March 22, 2026 enabled intruders to obtain signing authority, mint 80 million USR, and rapidly swap the proceeds into ETH, draining about $25 million. The protocol's post-incident report describes a multi-stage compromise spanning GitHub, cloud environments, and exposed API keys. Resolv said direct production code deployment was blocked by safeguards, prompting the attackers to shift to a malicious workflow that quietly exfiltrated sensitive credentials. Resolv traced the initial access to a compromised third-party project connected to a contractor account. The attackers used the resulting GitHub credentials to enter internal repositories, then pivoted into cloud systems to map infrastructure and hunt for API keys. They ultimately escalated privileges by altering access policies tied to a signing key, giving them the ability to approve mint operations. With signing control in hand, the attackers executed a first mint at 02:21 UTC for 50 million USR, then began routing tokens through multiple wallets and decentralized exchanges to convert into ETH. A second transaction at 03:41 UTC minted another 30 million USR. Resolv said the conversion and extraction unfolded over roughly 80 minutes. Monitoring tools flagged unusual activity early, triggering an incident response that included halting backend services and preparing contract pauses. Resolv said it revoked compromised credentials by 05:30 UTC, cutting off the attackers' access, and paused relevant smart contracts while shutting down affected infrastructure. After containment, the protocol neutralized about 46 million USR via token burns and blacklist controls. Resolv said pre-hack USR holders are being made whole, with most redemptions already processed. External responders Hypernative, Hexens, MixBytes, and SEAL 911 are supporting the investigation. Additional reviews involving Mandiant and ZeroShadow are focused on infrastructure hardening and fund tracing. Resolv said operations remain paused as forensics and system upgrades continue.

Drift Protocol released the results of its investigation into a $285 million theft, saying the incident appears to stem from a coordinated, long-running infiltration campaign that lasted roughly six months. According to Drift, the attackers began in the fall of 2025, presenting themselves as a quantitative trading firm and repeatedly approaching team members at crypto conferences around the world. The group is said to have compromised devices by directing targets to links involving code repositories and Apple's TestFlight app. Drift added that the operation may be tied to a North Korea-linked hacking group previously associated with the 2024 Radiant Capital theft.

April 5 — Economists say the recent jump in gasoline prices, which U.S. consumers have felt immediately at the pump, is expected to show up fully in key inflation data due this week. The March consumer price index (CPI) is projected to rise 1% month over month, the biggest monthly increase since 2022. Core CPI, which excludes food and energy, is forecast to increase 0.3% month over month. Earlier, the war in Iran drove U.S. retail gasoline prices up by about $1 per gallon. A day before the CPI release, the Federal Reserve's preferred inflation gauge will offer a read on price pressures prior to the conflict. Economists expect the core personal consumption expenditures (PCE) price index to have risen 0.4% in February for a third straight month, indicating that the move toward more moderate inflation had already stalled before the fighting began. With the labor market showing signs of stabilizing, inflation proving sticky, and fresh upside risks tied to the Middle East conflict, economists say the Fed may find it difficult to deliver rate cuts this year, making easing in 2026 increasingly unlikely. (Jin Shi)

April 5 — Economists say the sharp jump in gasoline prices paid by U.S. consumers is expected to show up clearly in the inflation data due this week. They forecast the March CPI will climb 1% month over month, the biggest monthly increase since 2022, while core CPI is seen rising 0.3%. Gasoline prices at U.S. pumps previously jumped about $1 per gallon after the war in Iran. A day before the CPI report, the Fed's preferred inflation gauge will offer a read on price pressures before the conflict: economists expect the February core PCE price index to rise 0.4% for a third straight month, indicating disinflation had already stalled even ahead of the fighting. Alongside signs of a stabilizing U.S. labor market, sticky inflation and fresh price risks tied to the Middle East war help explain why the Federal Reserve may find it difficult to cut interest rates this year. (Jin10)

The US federal government has filed suit against the State of Illinois after state regulators issued cease-and-desist letters to prediction market platforms including @kalshi and @Polymarket. The complaint argues that Illinois is intruding on markets overseen by the Commodity Futures Trading Commission (CFTC), weakening the agency's regulatory authority. Source: WuBlockchain

Elemental said it has resumed normal operations, according to ME News. In an update posted on April 5 (UTC+8), the DeFi protocol confirmed final figures showing an 87.51% write-down for its SOL 1 and SOL 2 vaults, and a 62.10% write-down for the USDC Lend vault. The platform said the impacted vaults have now been fully restored after the adjustments, enabling users to unstake, withdraw, and deposit funds without restrictions. Elemental also merged its Beta environment into the main platform and added a transaction history feature to improve transparency. (Source: PANews)

Over the past 72 hours, about 1.4 million Solana (SOL) tokens—valued at roughly US$110 million—were transferred to exchanges, a flow pattern often watched for potential selling pressure. The increase comes as SOL trades around key technical levels, with analysts flagging the risk of short-term downside momentum. Glassnode data shows exchange balances rising from 27.6 million SOL to 28.6 million SOL over the period. Ali Charts highlighted the move as a notable jump in exchange holdings, a typical precursor to liquidation activity even though inflows alone do not guarantee a price decline. At the time of writing, SOL was up 0.59% over 24 hours to US$80.93, reflecting mixed sentiment despite the elevated exchange inflows. On the technical side, Crypto_Scient pointed to a breakdown from a daily bear-flag pattern and a loss of a market-structure shift near US$85. SOL is now trading below a key supply zone, and repeated failed consolidation attempts are reinforcing bearish conditions. Analysts say a rebound into the US$84–US$89 area may function as a retest of the broken structure, potentially validating seller control rather than signaling renewed strength. Support is now being watched in the US$66–US$70 range. Until SOL reclaims US$90 with strong volume, the broader setup remains pressured, with exchange inflows and market structure likely to remain key short-term indicators. Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Several major US-listed altcoin spot ETFs recorded no daily inflows or outflows this week. The flat flows applied to spot products tracking $DOGE, $HBAR, $LTC, $AVAX and $DOT. With altcoin activity muted, market focus has gravitated toward larger assets such as $BTC and $ETH. That dynamic could shift at some point in 2026. Source: @SoSoValueCrypto