Social app Giggles announced on April 9 that it has completed more than $1 million in Pre-Seed funding, led by 1kx. The funds will be used to improve the product and scale its user base. The app combines a prediction-market mechanism, allowing users to “buy in” early to help turn “content discovery” into an economic activity.

An S&P Global Market Intelligence report shows that although the stablecoin market has already surpassed $316B, the banking industry’s strategic positioning for stablecoins is still in an early stage, with only 7% of surveyed banks developing relevant frameworks. Banks are concerned about issues such as deposit outflows and impacts on revenue, and it is expected that large banks will explore tokenized deposits, while mid-sized and smaller banks will use fiat deposits to participate.

Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.

Liquid Capital founder Yihua Yi announced the establishment of the AI fund OpenX Labs, focused on investing in AI projects. He believes that the golden age of primary (early-stage) investing has arrived, that AI is creating opportunities for top-tier founders, and that small teams can operate efficiently. Yihua Yi hopes to learn together with outstanding AI founders and support AI projects.

Since early February, AAVE exchange reserves have been rising, while whales have continued to sell down tokens, and market sentiment has leaned bearish. On-chain data shows that both whales and mid-sized holdings are selling off; the AAVE price fell to $85.05, then rebounded to $95. Going forward, the outlook will depend on market supply and demand and whale activity.

Gate News message, April 8, DeepSeek’s website and app launched two new modes early this morning. Among them, the Quick mode is for everyday conversation scenarios, providing instant responses; the Expert mode is designed for complex problems and supports deep-thinking functionality, but it requires waiting during peak hours and does not support attachment or voice upload.

Bloomberg ETF analyst Eric Balchunas revealed that Musk may use SPCX as the stock ticker for the SpaceX IPO; this ticker was previously held by Matt Tuttle. The analysis had already made a prediction as early as December last year, and it was proposed by Will Hershey of Roundhill Investments.

Former Google quantum hardware head John Martinis warns that Bitcoin could become a target for quantum computing attacks. Quantum computers could derive Bitcoin private keys within minutes, posing a greater threat than traditional financial systems. He recommends that the community plan quantum-resistance upgrades as early as possible to address threats over the next 5 to 10 years.

Gate News message, April 7, on the BSC chain, the Meme coin Freedom of Money saw continued sharp gains starting in the early hours today, briefly breaking through $22 million and continuing to set new highs; it was temporarily reported at $21.2 million. The intraday gain once reached 50%, and the 24-hour trading volume was $5 million. Note that Meme coin trading is subject to massive volatility, relies largely on market sentiment and concept hype, and has no real value or use case; investors need to be cautious about risks.

Gate News message, April 6, OpenAI plans to hold an IPO as early as the fourth quarter. Previously, OpenAI raised $122 billion in funding, and its CEO and CFO expressed confidence in the IPO.