Crypto Morning Brief April 2 | Drift hit by hackers, nearly $300M stolen | US Treasury introduces new stablecoin law | Trump’s speech tanks the market TL;DR (Too Long; Didn’t Read): • New US stablecoin legislation: The Treasury officially implements the "GENIUS Act," offering state-level regulatory options for issuers with a scale below $10 billion, significantly lowering compliance barriers. Major boost for crypto payment infrastructure. • Drift protocol suffers massive blow: Solana-based DeFi platform attacked, with losses reaching $285 million. Platform halted, token crashes—DeFi security alarm bells ringing loud. • Institutional giants return to crypto: Bitcoin ETFs see monthly net inflows for the first time since October 2025. Meanwhile, traditional finance giant Citadel-backed EDX Markets applies for a U.S. trust license, signaling big money is making moves. • Trump stirs geopolitical tensions again: His mixed statements on Iran’s energy and regime disrupt the crypto market’s recovery momentum. Gold plunges in response, and macro uncertainty hits a peak.