Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-04-06
01:16

A whale deposited 31 million STO tokens into multiple CEXs, earning approximately $1.37 million

Gate News message, April 6, Onchain Lens monitoring shows that a whale address deposited 31 million STO tokens (worth about $5.86 million) in batches into multiple CEXs. This operation enabled the whale to profit by approximately $1.37 million. On-chain data shows that this address previously withdrew 31.06 million STO tokens from a certain CEX; at that time, the cost was about $4.49 million.
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STO-4,47%
00:32

Bahrain calls on the United Nations to pass a resolution authorizing the use of force to open up the Strait of Hormuz

Gate News message, April 6, the Bahraini foreign minister called on the United Nations to pass a resolution authorizing the use of force to clear the Strait of Hormuz to avert a humanitarian and economic crisis. The Bahraini foreign minister said: "This draft is not seeking to escalate the situation, but is intended to provide a framework to prevent the international system from further collapse by emphasizing the necessity of protecting freedom of navigation and transit and preventing further attacks."
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00:32

Arthur Hayes: Bitcoin’s long-term target price is $250k to $750k, and in the short term it could fall below $60k

Arthur Hayes said on a podcast that, because the Federal Reserve has not expanded liquidity, he will not put more money into Bitcoin. He expects his medium- to long-term target price to be between $250,000 and $750,000. He warned that if the Iran–U.S. conflict continues, Bitcoin could fall below $60,000 in the short term. Meanwhile, Charles Schwab will launch spot trading for Bitcoin and Ethereum. Research shows that after major shocks, Bitcoin has performed better than gold and the S&P 500, and its current price has rebounded to $67,300.
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BTC-1,79%
ETH-2,84%
00:31

The lawyer says the $280 million attack on Drift Protocol may constitute civil negligence

Attorney Ariel Givner said that the 280M-dollar attack incident involving the Drift Protocol, which resulted from failing to follow basic security procedures, could amount to civil negligence. The attacker, after 6 months of planning, used a trusting relationship to steal the developers’ devices; there is already a class-action lawsuit advertisement targeting Drift circulating.
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00:22

On-chain investigator disclosure: North Korean IT workers have previously been involved in building multiple well-known DeFi protocols, including SushiSwap and THORChain

Gate News message, April 6, on-chain investigator @tayvano_ posted and disclosed that North Korean IT workers had participated in building multiple well-known crypto protocols, with projects that can be traced back to the DeFi Summer era, including SushiSwap, THORChain, Harmony, Ankr, Shib, and Yearn. @tayvano_ also added that the “7 years of blockchain development experience” marked on these North Korean IT workers’ resumes is not false.
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SUSHI-0,9%
ANKR-3,65%
SHIB-1,91%
00:16

CME "Fed Watch": 98.4% probability that the rate will be held unchanged in April

Gate News message. On April 6, according to today's CME “FedWatch” data, the probability that the Federal Reserve keeps interest rates unchanged in April is 98.4%, and the probability of a 25-basis-point rate hike is 1.6%. The probability that the Federal Reserve will keep interest rates unchanged cumulatively by June is 96.6%, the probability of cumulative 25-basis-point rate cuts is 1.8%, and the probability of cumulative 25-basis-point rate hikes is 1.5%.
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