Gate Crypto Flash News and Market Updates

Charles Schwab Investment Management published a report stating that cryptocurrency investments do not have a fixed allocation percentage and should be determined based on investors’ goals and risk tolerance. It proposes two investment approaches: return-based and risk-based, and also notes that a modest increase in crypto asset allocation can improve portfolio performance, and that cryptocurrencies can provide diversified returns for traditional asset portfolios.

Gate News Message, April 8, Circle announced the launch of a stablecoin payouts (Stablecoin Payouts) service for Circle Mint Singapore partners, further expanding its payment infrastructure into Asian markets. The feature is designed for global scale, aiming to help businesses automate payment processes, reduce the complexity of manual operations, and complete cross-border fund transfers more efficiently using stablecoins such as USDC.

Gate News: According to the latest Gate TradFi data, EURUSD (EUR/USD) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

The Chicago Mercantile Exchange plans to launch Avalanche and Sui futures contracts. After regulatory approval is obtained, they will be listed in both standard and micro specifications to improve traders’ capital efficiency and strategic flexibility, further expanding its cryptocurrency derivatives product lineup.

Gate News message: On April 8, according to Gate market data, as of the time of publication, L3 (Layer3) is trading at $0.01448. In the past 24 hours, it is up 28.98%, with a high of $0.01524 and a low of $0.01081. The trading volume over the past 24 hours reached $945,100. The current market cap is approximately $20.2989 million. Layer3 is infrastructure for the value of a new era that users own, supported by the All-Purpose Chain identity and the Distribution Protocol. Through a decentralized engine, the platform has created an open identity, incentive, and interface network owned by participants. Layer3 is the first cryptocurrency protocol to commoditize attention, and is committed to solving the problem of ecosystem fragmentation. The platform offers features such as smart wallets, curated activations, rewards and earning, social and community building. Users can do so by completing on-chain

Gate News announcement, April 8—Nikkei 225 (Japan’s benchmark stock index) expanded its intraday gain to 5%.

Sky Governance submitted two upgrade proposals on April 7, aiming to strengthen the protocol’s capital protection by implementing a stronger solvency-capability buffer and a sustainable staking rewards model, improving long-term stability and focusing on credibility rather than short-term returns.

Solana decentralized exchange Stabble issues an emergency notice urging liquidity providers to withdraw funds due to a security risk involving a former North Korean employee. The warning was disclosed by on-chain investigator ZachXBT, in the context of a U.S. warning about the infiltration of North Korean technical personnel. Stabble emphasizes that no attack has happened yet and will conduct a new security audit.

April 7, SOL spot ETF net outflows totaled $15.4020 million, including $13.3409 million outflows from the Bitwise Solana Staking ETF and $1.8222 million outflows from the Grayscale Solana Trust. Currently, the total net asset value of SOL spot ETFs is $776 million.

Gate News message. On April 8, according to on-chain analyst Yu Jin’s monitoring, a DeFi whale repaid a 4.14 million DAI loan on Spark about 9 hours before an Israel-Iran ceasefire proposal was agreed upon, then retrieved 264.4 WBTC worth of collateral and transferred it to a certain CEX to sell at a price of about $67,990 per WBTC, for a total value of approximately $17.98 million. Six hours later, the Israel-Iran ceasefire proposal was agreed upon; as a result, the BTC price rose 5%, causing the whale to miss out on about $1 million in potential gains.

Gate News message, April 8, the A-share market opened, and all three major indices rose collectively. The Shanghai Composite Index (China’s A-share main board index) rose 1.03%, the Shenzhen Component Index (Shenzhen market comprehensive index) rose 2.36%, and the ChiNext Index (ChiNext market index) rose 3.07%.

GSR announced that it would lead the investment in Libeara, the tokenized platform under Standard Chartered. The investment amount has not been disclosed. GSR has acquired Autonomous and Architech, aiming to become a “Web3 investment bank” for global digital asset and RWA capital markets, providing end-to-end services. Founded in 2023, Libeara has generated more than $1 billion in on-chain assets and has obtained a license from the Monetary Authority of Singapore.

Gate News message, April 8, today the Hong Kong stock market opened, the Hang Seng Index (Hong Kong’s benchmark stock index) rose 2.61%. The oil sector’s performance was mixed: China National Offshore Oil (00883.HK) fell 5.26% at the open, PetroChina (00857.HK) fell 2.69% at the open, and Sinopec Shanghai Petrochemical (00386.HK) rose 0.65% at the open.

On April 8, the U.S. stock market closed: the Dow fell 0.18%, the S&P 500 rose 0.08%, and the Nasdaq rose 0.1%. The crypto market was mixed—TRON fell by more than 7.92%, while CRCL rose by more than 2.14%. The decentralized RWA trading platform msx.com has launched hundreds of RWA tokens.

Gate News message: On April 8, The Times of Israel, citing a security official, reported that despite the United States and Iran having announced a ceasefire, Israel is "still continuing to strike Iran."

Bloomberg analyst Eric Balchunas revealed that Musk may set the stock ticker for the SpaceX IPO as SPCX, a ticker that was previously held by Matt Tuttle. The news was proposed by Will Hershey, founder of Roundhill Investments.

Gate News, April 8, according to monitoring by Hyperinsight, the ETH price broke above $2,200. Around 3:00 this morning, a certain whale opened an ETH short position worth $22 million. As the coin price rose, the short position came under pressure; the whale closed the position to cut losses, ultimately recording a loss of $1.47 million. At present, the whale has a buy order for 5,000 ETH, with the order price set at $2,229.

Gate News update, April 8, Lighter officially posted on the X platform saying that since the TGE (token generation event), the project team has repurchased 10 million LIT tokens, accounting for 4% of the current circulating supply.