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 1): Bitfarms plans to sell $161 million worth of Bitcoin; Tether lays off a senior gold trader

Gate Daily Report (April 1): Bitfarms plans to sell $161 million worth of Bitcoin; Tether lays off a senior gold trader

Bitcoin (BTC) was flat at $68,060 on April 1, and U.S. President Trump said he will end the Iran war. The Bitcoin miner Bitfarms plans to change its name to Keel and sell $161 million worth of Bitcoin. Stablecoin issuer Tether fired two precious-metals traders. U.S. stocks rebounded, and all three major indexes hit new highs. Market sentiment fluctuated with news of the Iran war, so it’s necessary to carefully control investment risk.

New Hampshire issues $100 million in bitcoin-backed municipal bonds, rated Ba2 by Moody's

New Hampshire plans to issue $100 million in Bitcoin-backed municipal bonds, which have already received a Moody’s Ba2 rating, marking the convergence of traditional municipal bonds and high-volatility crypto assets. The bond uses Bitcoin income as the sole repayment source and includes downside protection provisions. While this innovation offers the potential for higher returns, it also faces the risk of Bitcoin price volatility, and no issuance date has been announced yet.

Magic Eden wallet shuts down trading services, fully ceases operations on May 1

The NFT marketplace Magic Eden announced that its native crypto wallet will enter “withdraw-only” mode starting April 1, and will fully stop operating on May 1. Users must withdraw their private keys or seed phrases before May 1; otherwise, they will permanently lose their assets. The wallet has been delisted and cannot be downloaded again. This shutdown is part of Magic Eden’s business transformation, shifting its focus toward crypto entertainment. The ME token incentive program is not affected, but the price is near its historical low.

Why is Bitcoin up today? Trump’s move to withdraw from Iran within 2 to 3 weeks sparks a rebound

U.S. President Trump announced that he would withdraw from Iran within 2 to 3 weeks, prompting a short-term bounce in Bitcoin and a rebound in market risk appetite. However, Bitcoin faces the risk of falling for the sixth consecutive month; if this month’s close is below $67,300, it would further confirm downward pressure. Analysts noted that there are three possible market scenarios ahead, and it is necessary to closely watch how the outlook develops.

Latest Article

More

Ripple partners with Convera’s former Western Union division to enable stablecoin bridging for cross-border payments across 140 currencies.

Ripple Labs and Convera announced a partnership to improve global payment efficiency through a “stablecoin sandwich” model. Businesses can use fiat currency and stablecoins for cross-border payments without directly managing digital assets. This collaboration is intended to speed up settlement, reduce costs, and maintain compliance, helping companies make multi-currency payments in 200 countries. Ripple is also carrying out other expansion plans in Singapore.
XRP-0,22%
MarketWhisper·7m ago
news-image

Google Quantum Research Warns: Hackers Can Break Bitcoin in 9 Minutes, with Attack Efficiency Increased by 20 Times

A Google quantum artificial intelligence white paper shows that a quantum computer with about 500,000 qubits could break Bitcoin’s ECDSA algorithm in 9 minutes, dramatically increasing the threat level. The risk is mainly concentrated in old addresses whose public keys have already been exposed, especially about 2.3 million bitcoins that face high risk. The industry is calling for an upgrade to post-quantum cryptography before 2029 to strengthen security, but implementation faces consensus challenges.
BTC-0,54%
MarketWhisper·15m ago
news-image

12 European Big Banks Team Up to Launch a Euro Stablecoin to Counter the Threat of Digital Dollarization

Qivalis CEO said the euro’s share of on-chain trading is only 0.2%, which exposes Europe to the risk of dollarization. Supported by 12 banks, the Qivalis plan will issue a euro stablecoin to address fragmentation in the stablecoin market, and complement the European Central Bank’s digital euro, with the goal of safeguarding the euro’s position in the global financial system.
MarketWhisper·20m ago
news-image

WisdomTree executives: The CLARITY Act is not a gatekeeper—immediate settlement is already a reality

Will Peck said WisdomTree’s digital asset innovation won’t be affected by whether the $CLARITY Act is passed, because existing SEC regulatory tools are already sufficient to support the development of tokenized securities and funds. The company is committed to tokenized money market funds with real-time settlement, breaking traditional settlement constraints, improving liquidity, and reflecting that even amid market volatility, demand for tokenized financial products remains steady.
MarketWhisper·25m ago
news-image

Pi Network mainnet expansion is imminent, cross-chain bridge integrates KYB and smart contracts

Pi Network is developing a cross-chain bridge to connect its blockchain with other major networks, and to conduct smart contract testing and security audits. Its core features include using KYB identity verification to ensure compliance, and allowing businesses to enter the ecosystem. This series of measures is intended to improve the system’s transaction efficiency and security, and to expand the use cases for the PI token.
PI-0,43%
MarketWhisper·28m ago
news-image

Federal Reserve Board Governor Barr: Stablecoins carry money-laundering risk, the GENIUS Act framework is taking shape soon

The Federal Reserve Board member Michael Barr warned that stablecoin reserve assets face money laundering and financial stability risks, emphasizing that reserve quality is crucial. Stablecoins have advantages in areas such as real-time cross-border payments, but they could pose dangers due to insufficient regulation. Pushing the “Lummis Act” will require issuers to formally register and hold equivalent reserves to strengthen market stability. The implementation of regulatory details will directly affect the development of the U.S. stablecoin market.
MarketWhisper·35m ago
news-image

Better Money completes 10 million seed funding rounds, with former a16z investors betting on stablecoin liquidation exchanges

Stablecoin infrastructure startup Better Money announced the completion of a $10 million seed funding round, aiming to build a unified clearing platform and streamline stablecoin trading. Its business model works by establishing direct accounts with issuers to reduce transaction costs, while not supporting USDT that does not meet U.S. regulatory compliance standards. This move reflects the strong demand in the stablecoin market and its investment potential.
USAT0,19%
MarketWhisper·1h ago
news-image

XRP Today’s News: Large-Scale Token Withdrawals by Holders Emerge as a Supply Shock Signal

On April 1, XRP was trading at $1.32, attempting to stabilize after five months of continuous declines. On-chain data shows that the number of XRP leaving exchanges has been steadily increasing, especially with 7.03 billion coins flowing out in February. The behavior of institutions and whales has diverged: whales are accumulating assets, while institutional capital has seen outflows. The market needs to watch whether support at $1.27 holds. If that support is broken, it could trigger a deeper pullback.
XRP-0,22%
MarketWhisper·1h ago
news-image

Crypto Fear & Greed Index at Extreme Fear; Is a Rebound Possible?

Bitcoin and the wider crypto market continue to grapple with a mood of extreme caution as the Crypto Fear and Greed Index sits at a reading of 11. The measure, which blends volatility, trading volume, social momentum and market momentum, has kept investors in a state of “extreme fear” for 12
CryptoBreaking·1h ago

US Advances Crypto Mining Policy with New Legislative Push

Overview US lawmakers introduced fresh legislation to strengthen domestic Bitcoin mining and secure supply chains. The proposal also aims to formalize a national Bitcoin reserve framework. It signals a broader push to position the US as a global crypto leader. Supporters say the framework would
BTC-0,54%
DEFI-6,31%
CryptoBreaking·1h ago

Gold prices return to $4,600, as Schiff warns of a U.S. dollar credibility crisis that could trigger an economic recession

Economist Peter Schiff warns that a surge in gold prices reflects deeper market unease about the stability of U.S. fiscal policy and the currency, signaling that the process of de-dollarization is accelerating and will lead to high interest rates, inflation, and an economic recession. Schiff believes that foreign central banks shifting toward gold is a concrete sign of wavering confidence in the U.S. dollar.
MarketWhisper·1h ago
news-image

Bitfarms Rebrands to Keel, Plans to Sell Bitcoin for AI Pivot

Bitfarms Ltd. (Nasdaq/TSX: BITF) announced on March 31, 2026 that shareholders have approved the company’s redomiciliation from Canada to the United States and rebrand to Keel Infrastructure, effective April 1, 2026, as part of a strategic transformation from a pure-play Bitcoin miner to a North American digital infrastructure company focused on AI and high-performance computing.
BTC-0,54%
CryptopulseElite·1h ago
news-image