Gate Crypto Flash News and Market Updates

Gate News update: On April 3, the U.S. reported that March’s unemployment rate was 4.3%, below market expectations of 4.4%, down slightly from last month’s 4.4%.

Gate News message, on April 3, edgeX released an announcement stating that it has permanently destroyed 2.52837 million EDGE tokens. The announcement stated that the burning of EDGE tokens obtained from the buyback has officially been initiated; going forward, it will permanently destroy the tokens obtained from the buyback once every 24 hours.

Gate News message, on April 3, market pricing shows that bets on the Federal Reserve cutting rates in 2026 have eased.

Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.

Gate News update: On April 3, according to CME's “FedWatch” data, ahead of the nonfarm payrolls release, the probability that the Federal Reserve will raise rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%. The probability that the Federal Reserve will cut rates by a cumulative 25 basis points by June is 7.8%, the probability of keeping rates unchanged is 91.7%, and the probability of raising rates by a cumulative 25 basis points is 0.5%.

Gate News message. On April 3, Hyperliquid announced that after the next network upgrade, users whose trading account assets exceed $10k will be able to enable Portfolio Margin without any trading volume requirements. After depositing funds, new users can immediately use this mode to trade. Meanwhile, accounts whose weighted trading volume in the main account reaches $5 million can still enable Portfolio Margin, and this rule remains unchanged.

The latest report from the Cardano Foundation shows that its asset structure is shifting from reliance on ADA toward more diversified allocations. By the end of 2025, the ADA share is expected to fall to 51.6%, while the Bitcoin share increases to 25.5%. Total assets amount to CHF 287.5 million, down by about 45% compared with the end of 2024. The reserve system will move from a single token to a more diversified configuration.

Gate News message, on April 3, Hyperliquid co-founder Jeff posted an announcement on the community platform, stating that the result trading from the binary markets testnet has been included in the mainnet-level bug bounty program. The announcement notes that the current scope of the bug bounty does not include multi-outcome markets. In addition, while users are welcome to provide feedback on the frontend, frontend-related issues are not within the reward scope of the bug bounty program.

Gate News message: On April 3, U.S. President Trump said that with a little more time, he could easily open the Strait of Hormuz to obtain oil and make huge wealth.

On April 3, Orderly launched a permissionless listing feature that allows eligible Builders to independently list perpetual contract markets. Builders must meet specific conditions and pay 50,000 USDC as an insurance fund. After going live, Builders can customize parameters and earn market fees. Orderly plans to expand services such as custom oracles, supporting more than 200 projects.

A court in Honggang District, Daqing City, Heilongjiang Province, ruled that two men were convicted of stealing electricity by illegally tapping an oil-field high-voltage power line to power Bitcoin mining. The principal offender, Zhang, was sentenced to 10 years in prison and fined 50,000 yuan, while the accomplice, Zhao, was sentenced to 4 years and 10 months and fined 20,000 yuan. The total value of the stolen electricity exceeded 800,000 yuan.

A Bank of Canada research report states that Aave V3 on Ethereum is expected to achieve zero non-performing loans in 2024, with a total loan volume of about $6 billion. The report analyzes the effectiveness of over-collateralization and automatic liquidation mechanisms in protecting lenders, finding that leveraged loop transactions are mainly driven by large investors, liquidation activity is concentrated in a small number of assets, and it has little impact on market prices.

Monad co-founder Keone Hon posted a protocol security self-audit checklist on the X platform, covering 10 key areas including fund safety and management permissions. It includes items such as time locks, real-time monitoring, and multi-signature mechanisms, to improve protocol security.

Diamante Financial announced the completion of a $1.5 million strategic round of funding, with the funds earmarked for building an L1 encryption network based on post-quantum cryptography technology to address the security threats posed by quantum computing. Investors include Khofiz Shakhidi.

ARK Invest founder Cathie Wood says Bitcoin has entered a mature phase, and that the large drawdowns of the past may be behind us— even a future 50% pullback would be considered progress. She noted that Bitcoin has grown into a mature monetary system and asset class.

Gate News message, April 3, according to Vestbee, RWA tokenization platform Brickken, headquartered in Barcelona, Spain, recently announced it has completed a €3 million Pre-A round of financing, with Dedagroup and GRX participating in the investment. The new funding will be used for three areas: first, to strengthen the compliance of its RWA tokenization infrastructure; second, to support the tokenization of multiple types of assets such as stocks, debt, bonds, funds, real estate, and commodities; third, to expand into the European Union and the UAE markets.

Gate News message, April 3, the Nasdaq-listed blockchain-native capital markets Figure Technology Solutions released its 2026 Q1 operating data report. The report shows that its subsidiary stablecoin YLDS circulating supply has increased to $598 million, up 2% from last month; in addition, transaction volume in its platform consumer lending marketplace is close to $1.2 billion.

In the first quarter of 2026, total cryptocurrency market trading volume reached $2.057 trillion, with derivatives dominating trading volume at approximately $1.863 trillion; spot trading volume was about $205.7k. Competition among the top five exchanges was fragmented. The decentralized platform Hyperliquid emerged as the standout, with quarterly derivatives trading volume of approximately $492.7 billion.

Gate News message, April 3, CertiK monitoring data shows that in March 2026 there were 46 security incidents recorded (excluding phishing), with total losses of approximately $39.8 million. This is the highest number of recorded security incidents in a month since November 2024. CertiK said that after hitting a low point in the third quarter of 2025, security incidents increased again in the fourth quarter of 2025 and the first quarter of 2026, with more and more instances of code vulnerabilities being exploited over the past two quarters.

As of April 2026, the Ethereum Beacon Chain staking contract holds more than 82 million ETH, accounting for about 68% of the total supply. Multiple exchanges and institutions hold large amounts of ETH, and among individual holders, Vitalik Buterin is the largest holder. The U.S. government holds about 62k ETH.