Gate Crypto Flash News and Market Updates

On April 8, the three major U.S. stock index leaders traded broadly higher before the opening bell; the Nasdaq rose 3.37%, the Dow Jones rose 2.44%, and the S&P 500 rose 2.61%. The seven major technology stocks also moved higher across the board, with Meta up 4.87% and Tesla up 4.36%.

World Liberty Financial borrowed more than $50 million in stablecoins on the Dolomite platform in the short term, drawing attention from the DeFi market. WLFI deposited large amounts of governance tokens as collateral, causing the liquidity pool utilization rate to exceed 100%, leaving liquidity nearly exhausted and pushing interest rates sharply higher. Analysis suggests this move could be intended to meet liquidity demand or to increase on-chain activity; investors should carefully assess the risks.

The Democratic Party of Korea plans to regulate tokenized real-world assets and stablecoins in the soon-to-be enacted “Framework Act on Digital Assets.” The proposal would require issuers to deposit assets with a trustee-managed trust institution, and classify stablecoins as a means of payment, subject to oversight by foreign exchange regulators. The bill bans earnings from idle stablecoins and calls for the development of interoperable technical standards, aiming to improve market transparency and safety. This marks an important step forward for South Korea’s digital asset regulation.

Bernstein analysts say that quantum computing poses a potential threat to Bitcoin, but it is not a terminal crisis—it is part of a broader technological upgrade. Technology companies plan to transition to post-quantum cryptography before 2029, while Bitcoin and Ethereum are already rolling out the corresponding upgrades to ensure long-term security. While risks do exist, they need to be managed with sensible planning and not exaggerated.

Pi Network is testing its Launchpad functionality, introducing a “12-grid” token distribution system where users can obtain and verify tokens by subscribing to projects. Test results show the system is stable and supports future ecosystem development. Although it is still on the test network, it has already laid the groundwork for the project’s token distribution and smart contract applications. Overall, the project is moving toward a complete blockchain ecosystem.

In 2026, the Bitcoin market’s supply and demand imbalance is severe. The institutional firm Strategy has purchased 94,470 Bitcoins, far exceeding the 43,000 Bitcoins produced by miners. This reduces the number of available Bitcoins, intensifies market scarcity, increases upward pressure on prices, and strengthens investors’ confidence in Bitcoin’s long-term value. Institutional buyers’ behavior dominates market dynamics; tight supply and demand may persist, and it’s important to monitor how it affects prices.

Bitcoin’s price rose 6.7% on Wednesday to $72,379, influenced by easing tensions between the US and Iran and falling oil prices. Investor risk-avoidance sentiment eased, driving crypto and traditional assets to rise in tandem. Technical indicators show strong upward momentum for Bitcoin; if it breaks through $74,500, it could further test the $76,000 or $80,000 targets.

AI company Anthropic has restricted access to its new AI system, Claude Mythos Preview, after finding thousands of critical software vulnerabilities in testing. Many of these vulnerabilities had gone unnoticed for years, including security issues across multiple operating systems and cryptographic protocols. Industry experts warn that AI-driven cyberattacks will grow significantly, and that the balance between technical innovation and security defenses must be prioritized.

The U.S. Securities and Exchange Commission (SEC) acknowledged in its FY 2025 enforcement report that crypto registration cases under the leadership of the former chair did not effectively protect investors. The current chair, Paul Atkins, emphasized that the focus will be on fraud and market manipulation that directly affect investors’ interests, and has already withdrawn enforcement actions against several crypto companies, which is expected to improve the compliance environment for crypto businesses. This indicates that the SEC is re-evaluating its regulatory strategy, with an emphasis on market health and investor protection.

Gate News update: On April 8, according to Bitcoin Archive data, 21% of the total Bitcoin supply is currently held by long-term holders.

Seven members of the U.S. House of Representatives sent a letter to the CFTC Chair, questioning the regulator’s lack of enforcement regarding insider trading in prediction markets related to Iran and Venezuela, and requesting answers to six questions from the CFTC. The incident has sparked concerns about the legitimacy of prediction markets and the strength of regulatory oversight, and the CFTC has pledged to pursue selective enforcement. As the market expands, in the absence of clear regulations, investors need to pay attention to possible policy changes and their impacts.

Changpeng Zhao, recalling the 2017 policy turmoil, said that after it, venture capital took a cautious approach, and Sequoia paused its collaboration. He felt disappointed, but he still achieved user growth after the policy shock. In the end, due to a valuation disagreement, Sequoia was unable to invest. CZ believes that venture capital only supports projects in good times.

Gate News message, April 8, Iranian Supreme Leader’s military adviser Muhsin Rezaei said in a post on social media on the 8th, "The armed forces’ hands are still on the trigger," until Iran’s national interests are fully secured. (Xinhua)

Cryptocurrency market fund flows are diverging: Bitcoin, Ethereum, and Solana ETFs have seen outflows, while XRP bucked the trend by attracting a net inflow of $3.32 million. The analysis suggests that XRP is benefiting from the regulatory environment and its payment prospects, as institutional investors shift toward it to seek diversification and returns. XRP’s resilience could shape the market landscape going forward.

Gate News message: On April 8, the Federal Reserve will release the minutes of the March monetary policy meeting at 2:00 a.m. Beijing time on April 9. Against the backdrop of intensifying conflict in the Middle East and an increasingly complex market environment, this document will reveal how Federal Reserve officials assess supply shocks and inflationary pressures, as well as the framework they use to judge the balance of risks.

Mastercard’s cryptocurrency business partners number more than 100, covering multiple key areas and working toward becoming the connection layer in the payments pathway. Its strategy aims to lower the access threshold, expand network effects, and attract payment institutions and financial endpoints to join the network, which differs from the strategies of traditional payments giants.

Gate News update. On April 8, according to data from analyst Darkfost, after news of a two-week ceasefire agreement between the United States and Iran was confirmed, within 2 hours Bitcoin saw $2.7 billion in aggressive buy volume (taker orders) in a certain CEX derivatives market. After geopolitical developments eased, the Bitcoin price rose to about $71,700.

Gate News updates, according to Gate's official announcement Gate has delisted the trading markets for 30 tokens, including DFYN, ADIX, BOTIFY, BBLAST, UNITE, JUICE, SNIFT, THINK, DRX, JOYSTREAM, WWY, IONX, ITGR, FOR, BUZ, ANI, MOTHER, LIVE, APP, MINT, RAGE, PORK, SAY, HOUSE, 1DOLLAR, DRAC, METAL, HAPPY, TXT, UPC, etc. Gate has conducted repurchases for eligible users and deposited the corresponding repurchase amounts into users' accounts. After delisting, users can still continue to use Gate as a wallet for the above-mentioned tokens to store their assets. The specific delisting time and operational details for the wallet function will be notified separately through official announcements.