Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Gate Daily Report (April 2): The U.S. Department of the Treasury releases a notice of proposed rules for the “GENIUS Act”; the CFTC says it is prepared to regulate the entire crypto market

Gate Daily Report (April 2): The U.S. Department of the Treasury releases a notice of proposed rules for the “GENIUS Act”; the CFTC says it is prepared to regulate the entire crypto market

Bitcoin (BTC) dipped in the short term to $67,600. The U.S. Department of the Treasury launched a small consultation on regulatory guidance for stablecoins under the “GENIUS Act,” and the CFTC Chair said he is ready to regulate the entire crypto market. Amid market developments, spot Bitcoin inflows are slightly higher than outflows, and the CFTC and the SEC have signed an agreement to coordinate digital asset regulation.

Hong Kong stablecoin licensing missed the March deadline, and the Monetary Authority has not provided a new timetable

The Hong Kong Monetary Authority failed to issue stablecoin licenses by the end of March as scheduled, with review delays caused by the high threshold requirements. In addition, state-linked enterprises such as Ant and JD.com have paused their applications due to mainland regulatory pressures, further affecting the approval timeline. The Monetary Authority did not provide a specific schedule, only stating that it is still moving forward with the licensing process.

Drift Protocol is suspected to have suffered an internal attack, causing the DRIFT token to plummet 18% within an hour.

Drift Protocol was attacked on April 2, and about $220 million to $270 million in assets were transferred, causing its TVL to fall to $255 million. The attacker moved some funds to Ethereum and performed swaps, and a statement from the Jupiter platform said it was not affected. Security organizations warned that after the attack, the native token faced prolonged downward pressure, and the future outlook for the DRIFT token needs to be carefully assessed. The investigation is still ongoing.

Why is Bitcoin rising today? Trump plans to declare the end of the war, and the short covering potential is being strengthened.

U.S. President Trump plans to announce that Iran’s military targets have been achieved, the war is nearing its end, and the U.S. and Iran are in talks to negotiate a ceasefire. This situation is boosting market sentiment and pushing Bitcoin higher. K33 Research shows that Bitcoin ETF shorts have reached a historical high, and the market structure indicates signs that a bottom may be forming, suggesting a possible near-term uptrend.

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Genius Group taps Bitcoin reserve to service $8.5M debt

Genius Group, an AI-powered Bitcoin treasury and education company, disclosed in its first-quarter 2026 results that it has sold the remainder of its Bitcoin holdings to pay down debt. The move marks a notable shift for a company that had branded itself with a “Bitcoin first” strategy just over a
BTC-3,12%
CryptoBreaking·3m ago

'Living Rent-Free': Ripple CEO Fires Back at Avalanche Founder - U.Today

Ripple CEO Brad Garlinghouse responded to Avalanche founder Emin Gün Sirer's mocking comments about Ripple's banking partnerships, sarcastically noting that Ripple is "living rent-free" in Sirer's mind. The exchange highlights ongoing tensions within the crypto space, showcasing Garlinghouse's history of public feuds with industry figures.
AVAX-4,44%
XRP-2,67%
SHIB-2,78%
ETH-3,82%
UToday·4m ago

HyperEVM Is Not Down! PeckShield: Front-End Delay on the Block Explorer Caused the False Alarm

On April 2, PeckShield clarified that HyperEVM was not down; the anomaly was limited to the official block explorer frontend not syncing data. The incident was caused by a data source deviation that led to a misclassification. In reality, the underlying chain was operating normally. On the same day, MetaMask announced full support for HyperEVM, lowering the usage barrier. This incident underscores the importance of verifying across multiple data sources to prevent false alarms.
HYPE-5,13%
MarketWhisper·7m ago
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Russia criminalizes illegal mining; of 50,000 miners, only 1,500 are registered, facing investigations

The Russian government has introduced a draft criminal law, planning to impose fines and prison terms for illegal cryptocurrency mining. About 97% of miners are in a legal gray area due to not being registered. At the same time, 13 regions have fully banned mining. The government will shift its focus on resource allocation to artificial intelligence, signaling that mining in the future may shrink and that the global hash rate landscape is facing change.
MarketWhisper·9m ago
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Prince Group's Li Xiong is arrested; Huiawon exposes $24 billion in crypto money laundering

Prince Group’s core member Li Xiong was escorted back to China by the Ministry of Public Security of China on April 1, after being arrested in Cambodia. He is suspected of multiple offenses including fraud and money laundering. He is the chairman of Huowang Group, which is under the Prince Group umbrella. The amount involved in the group’s cryptocurrency business reaches $24 billion, and the money-laundering amount is at least $4 billion. This operation was carried out with cooperation from Cambodia, and it has raised issues related to international judicial cooperation.
MarketWhisper·12m ago
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Paradigm Builds Prediction Market Terminal for Pro Traders

_Paradigm is building a prediction market trading terminal for pro traders, with partner Arjun Balaji leading the effort since late 2025._ Paradigm is making a bold move into prediction markets.  The crypto-focused venture capital firm is developing a dedicated trading terminal for professional tr
BTC-3,12%
LiveBTCNews·16m ago

STO sees a single-day surge of 200%, with a mysterious address showing unrealized gains of $4.05 million

StakeStone(STO)saw a sharp surge on April 2, with the highest gain reaching 166.9%. The price jumped to $0.49159 and was accompanied by large withdrawals. This rally was driven by the launch of a new payment feature, with the 24-hour trading volume up 590.8%. However, the technical picture shows an overbought condition, and combined with selling pressure from upcoming unlocks, short-term pullback risk should be watched closely.
STO304,3%
MarketWhisper·20m ago
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Goldman Sachs dismisses expectations that the Federal Reserve will raise rates by 45%, and still expects two rate cuts within the year.

Goldman Sachs analysts said the market’s expectations for the Federal Reserve to raise rates in 2026 are too high, mainly because the impact of the oil price shock has been overstated. They believe that factors such as the U.S. economy’s reduced dependence on oil, weak labor market conditions, and the policy interest rate already being above the neutral level will lower the risk of inflation transmission. Therefore, Goldman Sachs maintained its forecast of two rate cuts within the year.
MarketWhisper·24m ago
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OpenAI Super App Roadmap Leaked, ChatGPT and Codex Move Toward Integration

OpenAI CEO Greg Brockman introduced the super app initiative in an interview, integrating ChatGPT, Codex, and Atlas into a unified assistant system with the goal of deeply understanding user needs. The plan will move forward step by step, focusing on expanding Codex’s application scope, and shutting down the Sora project due to insufficient compute power in order to concentrate resources on developing the core products.
MarketWhisper·31m ago
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Moody’s Rates First Bitcoin-Backed Muni Bond in Landmark Move

_Moody’s assigns a Ba2 rating to a $100M Bitcoin-backed municipal bond in New Hampshire, marking a historic first for crypto in credit markets._ Moody’s has officially rated a Bitcoin-backed municipal bond for the first time.  The credit agency assigned a provisional Ba2 rating to a $100 million b
BTC-3,12%
LiveBTCNews·42m ago

Blockstream CEO: Slam $1.5 billion to stockpile 21,000 Bitcoin

Blockstream CEO Adam Back plans to purchase about $1.5 billion worth of Bitcoin within the next few weeks, further strengthening its Bitcoin reserve strategy and positioning it as one of the largest Bitcoin-holding institutions globally. At the same time, the financing completed by Capital B uses a convertible note conversion mechanism, providing a model for European companies’ future Bitcoin procurement. As the EU’s MiCA regulations are advanced, it will encourage more companies to include Bitcoin in their asset allocation.
BTC-3,12%
MarketWhisper·43m ago
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