April 4th Market Key Intelligence, How Much Did You Miss?
Top News
3. Today Several Whales Unlock and Sell SOL, Total Value Exceeds 46.3 Million USD
4. FIL Temporarily Rises 28% Following Upbit Listing, Then Retraces
5. Analyst: Regardless of Tonight's Non-Farm Payrolls Data, the Crypto Market Could See a Rebound
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
Featured Articles
1. "How did the TreasureDAO, aiming to become the Web3 Nintendo, end up in failure?"
From the grand ambition of becoming the "Web3 Nintendo" to the difficult decision to terminate game development and pivot to AI, TreasureDAO has experienced a dramatic turn of events from glory to desolation over three years. Initially rising rapidly with the inspiration of Loot and the $MAGIC token, Smol Brains and Bridgeworld once drove Arbitrum NFT trading volume to soar, with $MAGIC reaching a peak of $6 in early 2022. However, price crashes, unfinished games, and high operating costs have left them financially strained, with the treasury now holding funds for only a few months. Faced with the survival pressure, TreasureDAO has laid off employees, cut expenses, and abandoned game releases, attempting to turn the tide through AI and a streamlined strategy, but the dream of being the "Web3 Nintendo" has now evaporated.
2.《JELLY Exposes HLP Risk Vulnerability, How Did Hyperliquid Strike Back?》
The article analyzed the event where the surge in JELLY price led to the liquidation of a $4 million short position, revealing a design flaw in HLP's backstop that exposed platform risk. It introduced risk management optimizations such as the HLP liquidation fund, dynamic unclosed contract limits, and asset delisting. It also launched a multi-table dashboard to monitor unclosed contracts, liquidity, funding rates, and other metrics in real-time, helping validators identify manipulation risks and make decisions on asset delisting.
On-chain Data
On-chain Fund Flow for the Week of April 4th
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