Morning paper | YZi Labs Strategic Additional Investment Predict.fun; Drift Protocol at least $200 million lost in attack; Coinbase x 402 joined Linux Foundation
Photo by ChainCatcher
Important information:
- Kulipa SFA infrastructure service provider completed $6.2 million seed ship financing, co-financed by Florish Ventures and 1kx
- Solana Ecology Drift Protocol was attacked and lost at least $200 million
- Metaplanet has an additional 5075 BTCs in the first quarter, with a total of 40177
- YZi Labs announces strategic additional investment
- Coinbase AI payment agreement x 402 Join Linux Foundation, supported by various institutions such as Google, Stripe, AWS
- Telegram's encrypted wallet announces a lasting contract deal
- Polymarket Integration Pyth Pro, which provides a source of data on traditional assets
What's important about the past 24 hours
Telegram's encrypted wallet announces a lasting contract deal
ChainCatcher, Telegram's built-in encrypted wallet “Wallet in Telegram” announced the launch of a contract deal for renewal, and Lighter provided technical support. Supported over 50 markets, including metals, stocks, oil and encrypted currency leverage up to 50 times。
YZi Labs announces strategic additional investment
ChainCatcher reports that, according to official sources, YZi Labs announced strategic additional investment in Predict.fun after the second season of EASY Residency, with the participation of Susquehanna Crypto, the leading global digital asset trading company。
Predict.fun has grown rapidly since graduation from the YZi Labs Incubation Project EASY Residency, with cumulative orders of more than 4 million orders and trades exceeding $1.8 billion。
ChainCatcher reports that CoinDesk has developed a smart-body business payment agreement x 402 that formally joins the Linux Foundation and promotes it as an open, standardized infrastructure。
The agreement established the initial governance structure, the Foundation, Cloudflare and Stripe as founding members, as well as Adyen, Amazon Web Services, American Express, Ant International, Base, Circle, Google, KakaoPay, Mastercard, Microsoft, Polygon Labs, Shopify, Solana Foundation, Visa and others。
The Linux Foundation CEO Jim Zemlin stated that the x402 Foundation would contribute to capacity development in an open, community-based manner to ensure that it evolved under the principles of transparency, interoperability and broad participation。
Google Cloud Web3 and James Tromans, Managing Director of Digital Asset Operations, also stated that joining the X402 Foundation was the expression of Google's commitment to supporting interoperable, AI-driven trading standards。
Polymarket Integration Pyth Pro, which provides a source of data on traditional assets
ChainCatcher, according to official sources, Polymarket, the forecasting market platform, has integrated Pyth Pro as a data source for a new set of traditional asset contracts. From gold and silver to the main stock index ETF, Polymarket relies on Pyth Pro data to provide a daily upswing and downswing market and ensures transparency throughout the process through real-time price charts updated every second。
ChainCatcher, X Platform Product Manager Nikita Bier sent a message that X is pushing forward with an encrypted currency fishing program Anti-fish fraud measures: If an account is first published in its historical records about the encrypted currency, the platform will automatically trigger the account lock and require authentication。
Nikita Bier says this is expected to eliminate 99% of the motive. At the same time, he noted that Google was currently unable to effectively intercept relevant fishing mail and that the issue remained one of the important channels of transmission of current fraud。
ChainCatcher, according to The BlockKulipa, a SFI service provider, announced the completion of $6.2 million in seed ship financing, a joint vote by Fluush Ventures and 1kx, and a vote by White Star Capital and Fabric Ventures, which helped FTS to issue white-marked stabilization cards without having to manage its own card operations。
According to the Kilipa founder and CEO, Axel Cateland, the current round of financing was actually completed in December last year, using the FFA financing model, but he refused to disclose details of when the financing process began, the financing split structure, company valuation and allocation of board seats。
Solana Ecology Drift Protocol was attacked and lost at least $200 million
ChainCatcher NewsThere was a security incident at the Derift Protocol derivatives trading platform based on Solana, with chain data showing losses of at least $200 million, estimated in part at close to $270 million。
The project party indicated that it had detected unusual activity and was investigating, reminding users not to deposit funds in the agreement for the time being and emphasizing that “this is not a fool's day joke”。
The attack involved several financial pools, including JLP Delta Neutral, SOL SuperStaking and BTC SuperStaking. In addition, assets such as SOL, USDC, cbBT and wBT were transferred out。
According to statistics, the event was one of the largest deFi attacks in the history of Solana ' s ecological resonance with Wormhole Bridge addition。
ChainCatcher, the President of the Solana Foundation, Lily Liu, wrote that “the Drift incident has far-reaching implications and the whole ecology has been affected. The Drift team is constantly investigating and controlling events, and we are doing our best to support them. Smart contracts have themselves survived the test。
The real target of the current attack is `people' — more of a loophole in social engineering and operational security than a code-level use. Solana has repeatedly emerged from difficulties and continues to move through faster and more sophisticated construction, mutual support and increased security. Please remain vigilant, check your own security set-up and continue building. Further developments will continue to be updated.”
ChainCatcher reports that, according to Politico, three informed sources have revealed that the encryption money company and Wall Street will be reading a new version of the text of the Stabilization Currency Proceeds Agreement, drafted by Senator Tom Tillis of the United States Republican Party and Senator Angela Alsobrooks of the Democratic Party, from 2 to 3 April。
It is currently planned to limit access to the text to interested parties and not to make it more widely available. Last week, parties visiting the Hill of Congress were allowed to read the text on the spot, but were not allowed to leave with a copy。
ChainCatcher reports that Gulf States are revisiting costly pipeline schemes to bypass the shipping throat and ensure the export of oil and gas because of the threat posed by Iran ' s possible long-term control over the Strait of Hormuz. Government officials and industry executives noted that, while pipeline projects were costly, politically complex and time-consuming, they could be the only way to reduce the dependence of the Gulf States on the Strait. When
The previous conflict had further highlighted the strategic value of Saudi Arabia's “east-west pipeline” over 1,200 kilometres. The pipeline was built in the 1980s to respond to fears about the closure of the Strait as a result of the Iran-Iraq war. Today, it has become a vital lifeline, sending 7 million barrels of crude oil daily to the Red Sea port of Yambu, completely bypassing the Strait of Hormuz。
Saudi Arabia is currently considering how to export more crude oil through pipelines, including by expanding “West-West” pipeline capacity or opening new routes。
ChainCatcher reports that according to @defioasis, Polymarket has entered the age of full fees, and costs have risen significantly in the last two days. The cost of the latest full single day, 1 April, is $ 92.27 million and is expected to break down by $ million in the next few days or hopefully. Based on one-day costs on 1 April, the annualization amounted to $338 million。
ChainCatcher reports that the United States Department of the Treasury has officially launched the implementation of the Stable Currency Innovation GENIUS Act, issuing a circular for the development of proposed rules and regulations for article 1 of the Act, covering 87 pages and a public comment period of 60 days。
UNDER THE GENIUS ACT, THE ISSUER OF A SUM NOT EXCEEDING $10 BILLION IN PAYMENTS MAY OPT FOR A STATE-LEVEL REGULATORY SYSTEM PROVIDED THAT THE STATE'S REGULATORY FRAMEWORK IS “SUBSTANTIVELY SIMILAR” TO THE FEDERAL REGULATORY FRAMEWORK. THROUGH THIS CIRCULAR, THE UNITED STATES TREASURY DEPARTMENT WILL DEVELOP BROAD PRINCIPLES TO JUDGE “SUBSTANTIAL SIMILARITIES”。
Blockstream CEO: $1.5 billion in bitcoin in a few weeks, approximately 21,000
ChainCatcher reports that, according to The Bitcoin Historian, Adam Back, CEO of Blockstream (BSTR), in an interview with CNBC, indicated that he would purchase $1.5 billion in bitcoin in a few weeks, or about 21,000 bitcoin。
ChainCatcher NewsAccording to Cointelegraph, an encrypted journalist, Eleanor Terrett, revealed that the text of the Stabilisation Gains Bill would not be published this week as planned, fearing that it would give opponents the opportunity to delay the bill before it is considered by the Senate。
ChainCatcher News, Defillama data show that in March of this year, the total DEX trade reached $20.2 billion, almost back to last March ($251.3 billion); in March, Solana DEX traded about $57.3 billion, falling to a low point since September 2024。
ChainCatcher, from Metaplanet CEO Simon Gerovich, writes:IN THE FIRST QUARTER OF 2026, THE COMPANY PURCHASED 5075 BTCS AT AN AVERAGE PRICE OF APPROXIMATELY $798988, WITH A TOTAL INVESTMENT OF APPROXIMATELY $405.4 MILLION, COMPARED WITH A RATE OF RETURN OF 2.8 PER CENT IN BITCOIN AT THE BEGINNING OF THE YEAR。
AS AT 31 MARCH, THE COMPANY HAD A CUMULATIVE HOLDINGS OF 40177 BTCS AT A TOTAL COST OF APPROXIMATELY $4.18 BILLION AND AN AVERAGE COST OF APPROXIMATELY $104106。
Meme Hot List
According to Meme Currency Tracking and Analysis PlatformGMGNAs of April 03 0900
The top five of the 24h ETH popular tokens were: HEX, SHIB, LINK, PEPE, UNI
In the past 24h Solana top five hot coins were: VDOR, swarms, Punch, 114514, Net
In the past 24h Base top five of the popular tokens were: SKITTEN, PEPE, BASED, B3, Skya
What are the good articles worth reading in the past 24 hours
DeFi Loan Agreement Drift stole over $200 million in 10 seconds, over 15 projects were affected
At about 1 a.m. this morning, another massive theft occurred in the DeFi field, and the Solana Loan Agreement Drift was hacked and over $220 million of user assets were stolen by hackers in 10 seconds。
After the incident, Drift coins fell by over 40 per cent in a short time, and the current FDV is about $44 million. As a result of the many ecological assets involved in Solana, the solana fields, such as SOL and JUP, have seen an abnormal decline of varying degrees。
Drift, formerly one of Solana's largest ecological lending agreementsRootDataThe cumulative financing of the agreement was shown to be in excess of $52 million from multicoin Capital, Polychain, Robot Ventures, Blockchain Capital, Ethel Ventures, and Jump Capital VC。
For many years, monetization has been positioned as a bridge between encrypted currency and Wall Street. The logic behind the chaining of national debt, the issuance of monetization funds, and the digitization of shares is one that leads to the natural follow-up of institutional funds as long as assets are chained。
But monetization is never the end in itself. According to DWF Ventures, the key to truly opening up the institutional market is not to digitize assets, but to finance gains。
Since 2025, the total value of DeFi ' s locket (TVL) has risen from approximately $115.0 billion to over $23.7 billion, with the main driving force behind it no longer being purely speculative. Now, instead of just watching, institutions are beginning to see DeFi as a deployable capital infrastructure。
It can be argued that what Wall Street really wants to see is a shift from “placeting assets in chains” to a fixed-income infrastructure that is “programmable, reorganizable, capable of hedge interest rate risk”. Now we can see this shift from TVL to RWA data, examples of institutional agreements, revenue monetization theory, and how privacy and compliance are implemented。
