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02:12
Fleeting Victory Illusion Shattered in Market, Japanese and South Korean Stocks Plummet
BlockBeats News, April 2nd, due to Trump's failure to provide a clear ceasefire schedule in a national address, the stock markets of Japan and South Korea plunged. The Japanese Nikkei 225 index gave back its early gains, currently down 1.1% at 53,151.80 points; the South Korean KOSPI index plummeted by 3.00% intraday, now at 5,313.97 points. Trump's remarks poured cold water on the market's hope for a swift resolution to the Iran conflict. Trump stated that the U.S. is about to achieve all military goals and said that it will strike Iran very fiercely in the next two to three weeks. (FX678)
02:09
Trump's Tough Stance Triggers Market Volatility: Oil Prices Surge, Gold Plummets, Risk Assets Under Pressure
On April 2, U.S. President Trump declared in a national address that military actions against Iran have achieved a 'swift and decisive victory,' with core objectives nearly completed. He explicitly stated that further 'heavy strikes' against Iran will occur in the next two to three weeks, but did not mention any ceasefire arrangements or a clear path to resolution, leading to significant market fluctuations. In the energy market, Trump threatened to strike Iran's energy infrastructure if no agreement is reached, while reiterating that the security of navigation in the Strait of Hormuz should be the responsibility of other countries, significantly raising expectations of supply disruptions. As a result, WTI crude oil surpassed $103 per barrel, and Brent crude oil exceeded $102 per barrel, both rising over 4% in a single day, with energy risk premiums rapidly expanding. Financial markets also came under pressure: U.S. stock futures declined, with the S&P 500 futures dropping about 0.5% at one point, and the Asia-Pacific stock markets turned lower; the yield on the U.S. 10-year Treasury bond rose to about 4.35%, while the yield on Japan's 30-year Treasury bond also increased, reflecting a market re-pricing of inflation and policy uncertainty. Precious metals experienced a significant correction, with spot gold falling below $4,700 per ounce, a drop of over 2% in a single day, and silver's decline exceeding 3%, indicating a temporary outflow of some safe-haven funds amid rising interest rates and short-term risk appetite disturbances. Market analysts believe that Trump's speech oscillated between contradictory signals of 'near victory' and 'continued strikes,' failing to provide a clear resolution to the conflict or alleviate concerns about navigation in the Strait, instead reinforcing risks to energy supply and expectations of global inflation, leading to a stark divergence in the performance of commodities and risk assets.
02:03
SlowMist: Drift's multi-signature mechanism was modified a week before the theft, followed by an admin key leak
BlockBeats News, April 2nd, SlowMist's analysis of the Drift hack incident pointed out that a week before the attack, Drift adjusted its multi-signature mechanism to "2/5" (1 old signer + 4 new signers) and did not set a timelock. The attacker subsequently gained administrative privileges, minted fake CVT tokens, manipulated the oracle, disabled security mechanisms, and transferred high-value assets from the liquidity pool. Currently, the stolen funds have mainly been consolidated into an Ethereum address, totaling approximately 105,969 ETH (about $226 million). SlowMist stated that the whereabouts of the related funds are still being traced.
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