Gate Crypto Flash News and Market Updates

A cryptocurrency trader, Loracle, profited by about $2 million by shorting WTI crude oil perpetual futures during a sharp pullback in oil prices, and currently has more than $8 million in on-chain assets. This case shows how participants in the crypto market are extending on-chain derivatives strategies to trading in traditional assets. Trading activity on the Hyperliquid platform has been rising, reflecting a convergence trend between commodities and the crypto market.

As U.S.-Iran tensions ease, asset prices rebound. Some traders have predicted the market with pinpoint accuracy to profit from ceasefire gains, sparking discussion about insider trading. Although there is no evidence yet, frequent cases have challenged market fairness, and regulators have begun to pay attention. Polymarket has also updated its rules to strengthen market integrity. The industry faces a key question of balancing openness with compliance.

Gate News message, on April 8, a CEX founder recalled in a new book that from the very beginning, the exchange’s token was positioned as being bigger than the exchange itself. In the white paper, it states: The token does not represent equity. As a utility token, holders can enjoy trading fee discounts, and the token’s use cases will not be limited to the exchange; in the future, it will also expand into blockchain and the DeFi ecosystem.

Several Swiss financial institutions jointly launched a Swiss franc stablecoin sandbox test, aiming to build a blockchain-based digital settlement layer and promote stablecoin payments and asset transfers. This project is subject to regulation and will continue until 2026, to accumulate experience for future commercialization. This move strengthens Switzerland’s competitive edge in the digitization of finance and indicates that the global financial system is evolving toward “on-chain” development.

After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.

CZ, in his new book, recalls his experience of quitting high-frequency socializing activities around 2015, emphasizing that his core focus was working with high efficiency—compressing meetings, reducing ineffective communication, and concentrating on quickly executing projects. This shift became an important turning point in his career development and influenced his management style. He warns that “success slightly above average is the most dangerous,” as it can lead to complacency.

In 2026, the Korean crypto market will see significant changes, with USD Coin trading activity surging, reflecting growing demand for dollar-pegged stablecoins. Circle’s CEO will visit South Korea to discuss stablecoin use cases and partnerships with multiple banks. At the same time, South Korean regulators are strengthening stablecoin legislation, laying the groundwork for the digital asset market.

Gate News message. April 8, CZ posted on the X platform stating that his old phone number has been deactivated for many years. He said the identity of the current owner using that number appears suspicious—possibly a hacker or a police officer. CZ said that the new number’s owner previously attempted to apply to be his assistant. CZ reminded users to pay attention to account security and advised them not to add this number.

ANUBIS Chain’s mainnet officially launched on the evening of April 7. Built on an EVM architecture, it uses a selective privacy and ZK-KYC framework to balance privacy protection and verifiability, and supports applications such as RWA tokenization and enterprise-grade payments.

Gate News updates—On April 8, according to monitoring by @mlmabc, on the Hyperliquid platform, assets in the combined oil (Combined oil) category have today’s trading volume exceed that of all other perpetual contract products on the platform, including BTC.

U.S. housing finance institution Fannie Mae rolls out a Bitcoin mortgage pilot, allowing borrowers to use Bitcoin as collateral to obtain cash loans, a move that has sparked heated discussion in the market. Experts say the model is suitable for groups with strong financial assets, but it also faces high risk from Bitcoin’s price volatility. Even though it is unlikely to become a mainstream product in the short term, this initiative provides a new path for crypto assets to enter traditional finance.

Gate News update, April 8, Iran’s Deputy Speaker of the Islamic Parliament, Ali Nikzad, said that if the U.S. side does not accept the 10 ceasefire provisions proposed by Iran, Iran’s Supreme Leader will not approve signing onto the ceasefire agreement. Nikzad also said that the Strait of Hormuz will not be restored to its previous state.

Gate News message: On April 8, according to monitoring by Hyperinsight, Huang Licheng (nickname “Maji”) recently added to a leveraged ETH long position by 25x, about 300 ETH, bringing the total position size to $25.16 million. They also placed sell orders in the $2,260 to $2,300 range, planning to partially take profit of about $1.8 million of the position. During this round of the upswing, this address has accumulated profits of $1.5 million, with account funds increasing to $2.57 million; the current ETH liquidation price for their holdings is $2,066.

Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.

Gate News message. On April 8, according to monitoring by Hyperinsight, a whale starting with 0xec4, after taking profit on long positions, opened a BTC short position within the past 1 hour using 40x leverage. The average price was $71,638, with a size of 200 BTC, approximately $14.3 million. The liquidation price was $76,013.

According to data from the International Monetary Fund, global public debt is approaching 100% of GDP, fiscal space is tightening, and policy-making faces challenges. Unlike past debt crises, debt in this round continues to rise, which may lead to higher inflation and increased attention to crypto assets, while also raising policy uncertainty and causing volatility in the market. Global economic growth is slowing, and the stability of the traditional financial system is being tested; the role of crypto assets may gradually increase.

Gate News update, April 8, according to analysis by the finance website Investinglive, after the U.S.-Iran ceasefire, gold and silver prices rose. The analysis said that before the outbreak of the U.S.-Iran conflict, gold and silver positions relied mainly on leveraged trading; the negative impact brought by the conflict led to leveraged selling, causing gold and silver prices to fall. After the U.S.-Iran ceasefire, improved market sentiment drove a rebound in gold and silver. In addition, the U.S.-Iran ceasefire also means that major central banks may not need to be overly aggressive in raising interest rates, which is one of the reasons for the rebound in precious metals.

Gate News: On April 8, Bitcoin Treasury Company MetaPlanet CEO Simon Gerovich announced that the number of the company’s Japanese shareholders has surpassed 250,000, making it one of the stocks with the highest holdings in Japan.

Gate News message, April 8, according to CryptoQuant data, the number of Bitcoin active addresses has fallen to the lowest level in 8 years. The data indicates that current market speculation activity has clearly decreased and may be in a potential long-term accumulation phase.

Gate News: According to the latest Gate TradFi data, MU (Micron) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.