Gate Crypto Flash News and Market Updates

Gate News: Bitcoin’s price has fallen to around $68,000. It had repeatedly failed to break through the $70,000 level, and market momentum has clearly weakened. The current price is still within the $65,000 to $73,000 trading range, but the risk of testing the lower end of the range is rising.

The U.S. Securities and Exchange Commission (SEC) is set to roll out new rules for “regulating cryptocurrencies” to完善 the crypto asset regulatory framework and clarify whether trading constitutes a security. The rule is based on the 1933 Securities Act and may affect compliance pathways for mainstream assets, aiming to balance protecting investors with encouraging innovation.

Gate News message: On April 7, according to monitoring by Onchain Lens, Bitcoin mining company Bit Digital staked 43,335 ETH via liquid_col, worth approximately $91.34 million.

Gate News message, April 7, according to crypto analyst Yu Jin, a whale address transferred 300 BTC into a certain CEX about half an hour ago, worth approximately $20.6 million. That address previously, from January to March last year, bought a total of 510 BTC through a certain CEX at an average price of about $98,190, for a total cost of approximately $50.07 million. The 300 BTC transferred out this time corresponds to realized losses of approximately $8.82 million.

Gate News update, April 7, the decentralized exchange Aster and World Liberty Financial (WLFI) announced that they have reached a partnership. Both sides are moving forward with deep coordination at the ecosystem level and exploring integration options for each of their tokens. Based on the details of the collaboration, USD1 will become the exclusive settlement asset for Aster’s TradFi perpetual contracts on the platform.

Gate News message: On April 7, the AI agent protocol Virtuals Protocol launched an embodied intelligence robotics accelerator, Eastworlds, aiming to help prototype robots in labs quickly move into real-world application scenarios. Eastworlds’ core functions include: building a community of robot engineers to jointly solve complex problems; providing ready-to-deploy robot hardware; and creating Embodied AI Data

Gate News update: On April 7, Indian crypto-rewards fintech company GoSats completed a $5 million A round of financing, led by Konvoy. Y Combinator, Taisu Ventures, and some angel investors also participated. The funding will be used to expand its product line and team size.

Solana ecosystem DEX aggregator Titan launched the on-chain router DART on April 7. By dynamically allocating trading volume to the best liquidity sources in real time, it reduces trading costs; tests show costs are below 0.02%. In the future, it will expand to more trading pairs, and the DART API will enter the beta testing phase.

Research by independent on-chain analyst Andrey Sergeenkov shows that 84.1% of traders on Polymarket lose money, only 2% have profits over $1,000, and 0.033% reach $100k in profits. Of the 6,600 traders with monthly profits over $5,000, only 2.6% remain consistently active for more than a year. Most traders leave after trading for a while.

Gate News message: On April 7, according to crypto analyst Ai Yi monitor, a new address withdrew 10M ASTER from a certain CEX 15 hours ago. The withdrawal price was about $0.6703 per coin, corresponding to a value of approximately $6.7 million.

Due to delays in the legislation of the Digital Asset Basic Act, several financial institutions in South Korea have launched stablecoin payment services for foreign users, building infrastructure. Industry analysis says that such services are like a “regulatory sandbox,” helping companies validate their business models.

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: On April 7, Multicoin Capital co-founder Kyle Samani posted on X in response to KOL ampera, saying he is willing to take a bet on ampera’s view that “Bittensor (TAO) will enter the top 10 among all crypto assets by 2028,” and is willing to accept a maximum bet amount of $1M.

Gate News message, April 7, according to crypto analyst Ai Yi monitoring, a well-known whale address "set 10 large targets first" increased its position by 270.37 BTC at the $69,574.7 level during the market downturn. At present, this address’s BTC long position holdings total 2,520.52 BTC, with a total value of about $170 million, and an average entry price of $67,449.12, with an unrealized profit of about $2.28M.

Gate News message, April 7, according to crypto analyst Ai Yi monitoring, a certain address built a position of 4,827 ETH at about $2,047.53 between April 4 and April 5, and sold it on April 7 at about $2,100.94. This batch of ETH was transferred to a certain CEX within the past 3 hours and exchanged for USDT; the transaction amount was approximately $10.14 million. The profit from this swing trade was approximately $256k.

On April 7, the crypto market fell broadly, with only the RWA sector up slightly by 0.42%. Major coins Bitcoin and Ethereum declined by 0.34% and 0.43%, respectively. Other sectors generally contracted, but some projects such as Creditcoin and Centrifuge rose against the trend.

Web3 fan platform OneFootball Club announced that the BALLS points leaderboard is not a final ranking, and users outside the top 25k may also qualify. All participants will receive a FanPass multiplier to use for future token air drops, and up to 100k OFC tokens will be allocated to actual contributors, with reward percentages that include different vesting periods. The claim window will remain open for 2 weeks; any unclaimed portion will be returned to the treasury.

Gate News message: On April 7, according to Alex data, Japan’s stablecoin JPYC has reached a total trading volume of $136 million, of which $90 million was processed through the Polygon network, accounting for more than 60%. JPYC’s use cases on Polygon are broad, and it is mainly used for payment services on platforms such as Tria, Daimo, and CurrencyCompetition.

April 7, under the influence of the bear market, 21 crypto projects announced they would shut down or scale back services, covering areas such as wallets, DeFi, NFTs, and games. Projects like Leap Wallet and Magic Eden exited or adjusted due to market pressure; industry insiders believe this shakeout will help reshape the market, and that focusing on sustainable Web3 projects in the future will be more competitive.

Gate News message, Circle redeemed $550 million USDC on Solana within a 12-hour period. Over the past 30 days, Circle has issued $10.19 billion in USDC on the Solana blockchain.