Trump: Surprised by Stock Market Rebound, Thought It Would Fall 20%

Key Takeaways:

• U.S. President Trump was caught off guard by the stock market’s resilience during the Iran War, initially predicting a 20% dip.
• A notable crypto transaction involved the movement of 35,000 ETH from Binance to BitGo.
• A whale increased HYPE token holdings by 40,000 tokens, valued at approximately $1.63 million.
• A Kelp DAO attacker redirected 50,700 ETH across two new addresses, indicating a significant shift in holdings.
• Despite a drop in Hyperliquid trading volume, its TVL remains unmatched in the DeFi space.

WEEX Crypto News, 2026-04-21 15:27:22

President Trump’s Stock Market Misjudgment

In a striking revelation, U.S. President Trump admitted his astonishment at the stock market’s buoyancy amid the geopolitical tensions of the Iran War. Initially, he foresaw a calamitous drop of 20% in the Dow Jones Index. However, the market defied these expectations with an unexpected rebound, showcasing resilience that left many, including Trump, bewildered.

Significant ETH Movement: Binance to BitGo

In the crypto sphere, a major movement caught the attention of traders – a fresh address facilitated the withdrawal of 35,000 ETH from Binance, subsequently transferring it to BitGo. This transaction underscores the shifting dynamics within crypto custodial services and may indicate strategic repositioning by large investors wary of recent volatility.

Whale’s HYPE Acquisition

An influential whale in the crypto market enhanced their portfolio significantly by adding 40,000 HYPE tokens, translating to an approximate value of $1.63 million. Such a substantial acquisition suggests growing confidence in HYPE’s prospects or an anticipation of forthcoming bullish trends in its market trajectory.

Kelp DAO Exploit Aftermath

In the wake of a targeted exploit, the Kelp DAO community witnessed the unsettling transfer of 50,700 ETH by an attacker, distributed to two newly-created addresses. This movement has prompted heightened scrutiny and strategic recalibrations among DeFi participants, highlighting the persistent security challenges in decentralized ecosystems.

Hyperliquid’s Prowess in DeFi

Despite a downturn in trading volume, the Hyperliquid platform’s Total Value Locked (TVL) continues to outshine its peers in the decentralized exchange (DEX) market. This paradox highlights an intense market engagement and confidence in Hyperliquid’s offering, even as trading activities fluctuate, demonstrating the platform’s resilience and appeal among DeFi enthusiasts.

FAQ Section

What led to the stock market’s unexpected performance during the Iran War?

During the Iran War, a multitude of factors might have countered market fears, including diplomatic negotiations or market confidence stemming from robust economic indicators, which kept the downturn at bay.

Why was there a significant ETH transfer from Binance to BitGo?

The movement of 35,000 ETH from Binance to BitGo could be due to strategic asset relocation for security or regulatory compliance, as BitGo provides custodial services with enhanced protections aligning with investor needs.

How does the whale’s acquisition impact HYPE tokens?

The acquisition of 40,000 HYPE tokens by a whale could potentially influence the token’s price trajectory through increased demand and signal confidence in HYPE’s long-term value proposition.

What are the implications of the Kelp DAO exploit?

The Kelp DAO exploit underscores the vulnerabilities in DeFi protocols, prompting the community to review security measures and encouraging protocols to bolster defenses against such breaches.

Why is Hyperliquid’s TVL outperforming despite lower trading volumes?

Hyperliquid’s outperformance in TVL suggests robust user trust and engagement, likely driven by its innovative features, favorable user experience, or competitive advantages that maintain a high asset commitment despite fluctuating trade volumes.