Wall Street may enter prediction markets and Solana-based platform Drift suffers an attack.

This is Coin Desk Daily. I'm Jen Sanassi.

JPMorgan's CEO Jamie Diamond revealed that the Wall Street giant is considering entering the prediction market space,

bringing more hype to a sector that has expanded rapidly in recent months.

Diamond explicitly rolled out offering markets on sports or politics due to a strict insider trading rules,

but it signals growing interest from major financial institutions. Meanwhile, Goldman Sachs, CEO David Solomon,

confirmed his team is actively exploring the sector, noting his recent meeting

with the leadership of Polly Market and Kalshi.

These two major platforms have reportedly reached staggering valuations of $20 billion and $22 billion,

respectively, and the CFTC is actively building a regulatory framework that could soon give

Wall Street the green light it needs.

Solana-based Defi platform, Drift, has suffered an active attack and suspended all withdrawals

and deposits after confirming the incident on the protocol.

The team initially warned users of unusual activity explicitly stating it was not an April

Fool's joke before halting the network.

According to Arkham data, over $250 million was

moved from Drift to an interim wallet before being scattered across various other addresses.

Following the news, the Drift token plummeted over 20%, bringing fresh pressure to Salon's recently

revived defy ecosystem. And over the past 24 hours, tokenized Brent Oil Futures on HyperLiquid

accounted for nearly $47 million in liquidations.

This makes oil the third largest liquidated asset in the crypto markets sitting just behind ether and Bitcoin.

The chaos was triggered by President Trump's national address where he promised to hit Iran, quote, extremely hard, crushing hopes for de-escalation.

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