Gate Crypto Flash News and Market Updates

Sonic Labs announced that 32.69 million S tokens that were not yet claimed in the Q1 and Q2 airdrops will be burned on October 15. Claims for the Q1 airdrop must be made by April 18; otherwise, you may face a penalty. For Q2, claims must be made by May 24.

On Polymarket, one account staked $170,000 on the Mavericks to beat the Spurs, with odds over 70%. The Mavericks’ current record is 39 wins and 37 losses, ranked 8th in the Western Conference; the Spurs are 57 wins and 18 losses, ranked 2nd. Victor Wembanyama may be sidelined.

Goolsbee said that with the economy impacted by the shock from oil prices and inflation not yet having eased, rising oil prices could further worsen inflation expectations, bringing greater difficulties and slowing hiring. Companies are facing uncertainty.

Gate News message, April 3, a representative from a prediction market platform, Mustafa, posted on the X platform, stating that in April the platform will provide over $5 million in liquidity subsidies for sports prediction markets.

Gate News reports that on April 3rd, according to OnchainLens monitoring, a newly created wallet address received 488,599 HYPE tokens from FalconX, worth 17.18 million USD.

Gate News message, April 3, Grayscale withdrew 11,169 ETH (about $22.86 million) and 150.4 BTC (about $10.07 million) from a certain CEX, totaling approximately $32.93 million.

Gate News message, April 3, Alternative.me data shows that today’s Crypto Fear and Greed Index fell to 9, and the market is in an “extreme fear” state. Yesterday, the index was 12, also in an “extreme fear” state.

Circle announced the launch of Circle Wrapped Bitcoin (cirBTC), a tokenized bitcoin product backed 1:1 by BTC. It is designed for institutional markets, supports on-chain real-time verification, and is suitable for institutional use cases, with plans to expand to multiple chains in the future.

Gate News update, April 3, according to The Atlantic, a source said that FBI Director Patel, Army Secretary Driskoll, and Labor Secretary Chavez-Dremer may leave the Trump administration.

Gate News message. On April 3, according to The Information, the AI company Anthropic acquired the biotech startup Coefficient Bio for about $400 million. Anthropic is the developer of the Claude large language model, and this acquisition marks its expansion into the biotech sector.

Gate News update, April 3, the Nikkei 225 index (Japan’s stock market benchmark) opened up 615.75 points, a gain of 1.17%, to 53,079.02 points. The Korea KOSPI index (South Korea’s stock market benchmark) opened up 145.0 points, a gain of 2.77%, to 5,379.05 points.

One of the largest Bitcoin mining companies in the world, MARA, will lay off about 15% of its employees. The CEO said this is part of the company’s strategic transformation as it moves into the energy and AI sectors. MARA is also selling Bitcoin to repay its debts, and it expects a net loss of $1.3 billion in 2025. Affected employees will receive corresponding compensation.

SpaceX has raised its target valuation for its first public offering (IPO) to $200 billion, exceeding most S&P 500 companies. The company plans to meet with potential investors in the coming weeks to share information supporting that valuation.

Trump expressed disappointment to Commerce Secretary Lutnick and Labor Secretary Dremer, considering a cabinet reshuffle, especially targeting members who have underperformed. If Lutnick is fired, it could signal a shift in Trump’s economic policies. The White House said the two secretaries performed well and received the president’s support.

SpaceX is currently planning the largest IPO in its history, with a target valuation of $1.75 trillion. It is expected to list as early as June, raising up to $75 billion. The funds will be used for space AI and lunar projects. The company has already selected its lead underwriters and will hold an analyst briefing in April.

Gate News message, according to Bloomberg, Tether is making a final push for fundraising at a $500 billion valuation. The stablecoin issuer is working to complete this funding round at the specified valuation level.

Gate News: According to the latest Gate TradFi data, JPN225 (Nikkei 225) has dropped by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

On April 2, the spot price of Brent crude oil broke through $140 per barrel, reaching the highest level since 2008, mainly due to a shutdown of the Strait of Hormuz that disrupted global oil supply. This supply crisis put refineries under immense pressure, driving a sharp rise in crude oil prices over a short period of time.

Gate News message: On April 2, U.S. President Donald Trump said that Iran is at the point where it should reach an agreement to avoid it being too late.

Gate News update, April 2, stablecoin issuer Circle announced that it is about to launch a wrapped Bitcoin cirBTC. cirBTC is backed 1:1 by BTC and can be verified on-chain; its design is intended to seamlessly collaborate with Circle’s infrastructure and the broader DeFi ecosystem, thereby creating a neutral foundation for new on-chain applications.