Gate Crypto Flash News and Market Updates

OpenAI Chief Operating Officer Brad Lightcap said that, amid rapid AI development, traditional software companies are actively pivoting and deeply integrating AI capabilities. He noted that although software stocks have pulled back, most companies are still innovating at startup speeds, using customer relationships to maintain competitiveness. Opinions in the industry differ on whether AI will replace traditional software, emphasizing the importance of collaboration complexity and existing infrastructure. Analysts believe software companies with integration capabilities will see value repair.

Gate News message, on April 2, the Ministry of Commerce held a regular press conference. In response to questions from reporters about Meta’s acquisition of Manus and matters related to companies’ cross-border operations, He Yaodong, spokesperson for the Ministry of Commerce, said that the Chinese government supports enterprises in carrying out cross-border operations and technology cooperation as needed. Such activities must comply with China’s laws and regulations and follow the legally required procedures. (Xinhua News Agency)

Gate News update. On April 2, the privacy-preserving project zERC20 launched its frictionless privacy feature. For new wallets connecting to zERC20, this will eliminate the initial gas fees. The new features include: receiving zAssets without gas fees, with transaction fees automatically deducted from your assets; and one-tap conversion of some zAssets into their native form

A CEX CEO said they will study Bitcoin’s quantum-resistance-related issues and urged the industry to address potential threats as early as possible. Although post-quantum cryptography is feasible, execution must be approached with caution to avoid new risks. The exchange has already initiated infrastructure upgrades and is pushing community collaboration to develop quantum-resistant solutions.

Gate News update. On April 2, global markets were hit again as oil prices were pushed higher by Trump’s speech and expectations for rate cuts were undermined, leading to a pullback in Japanese and South Korean stock markets. On April 1, Japan’s Nikkei 225 Index (Japan’s benchmark stock index) closed down 1,276.41 points, a decline of 2.38%, to 52,463.27 points. South Korea’s KOSPI Index (South Korea’s benchmark stock index) closed down 244.91 points, a decline of 4.47%, to 5,233.79 points.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message: On April 2, according to data tracked by Santiment, on-chain network activity for Ethereum has recently risen significantly. The data shows that the number of Ethereum daily active addresses has reached 788,000, the number of new daily wallet addresses has reached 255,000, and overall activity is already approaching the all-time high record.

Gate News message: April 2, according to market data, STO briefly touched 0.99 USDT, and is currently trading at 0.86 USDT, with a 24-hour gain of 280%.

Gate News message, April 2, spot gold fell sharply by 4.00% during the day, now quoted at $4,564.73 per ounce. Spot silver slipped back below $70 per ounce, with a daily decline of 6.72%.

The number of independent senders of non-USD stablecoins on the Solana chain has grown nearly threefold year over year, driven mainly by the euro stablecoin EURC and the Brazilian real stablecoin BRZ. Solana’s technical advantages have attracted the integration of multiple payment providers, reflecting a rising market demand for cross-border payments on high-throughput blockchains.

Gate News message, April 2, a Korean exchange started the KOSPI index (Korea Composite Stock Price Index) circuit breaker mechanism. Earlier, KOSPI 200 futures (South Korea’s benchmark equity index futures) fell by 5%, and algorithmic trading was paused for 5 minutes.

Gate News message: On April 2, Gate market data shows that XAUUSD (gold) has fallen below the $4,600 threshold. It is currently trading at $4,599.97, and the intraday decline has widened to 3.26%.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News report, April 2, Jupiter Strategic Reserve Trust Fund Jupiter Litterbox Trust increased its holdings by 1,278,492 JUP yesterday, worth approximately $200,000.

More than 200 child rights organizations and experts jointly sent a letter to YouTube and Google’s CEO, calling for a ban on low-quality AI-generated videos from appearing on YouTube Kids. The letter points out that these contents are low quality and attract children’s attention, affecting their cognitive development, and urges structural reform.

Gate News message, on April 2, Clem Chambers, founder of the European stocks and market news platform ADVFN, said that the crypto industry is moving out of a cycle centered on token speculation, and that the next bull market will be driven by real-world blockchain use cases. Chambers noted: "That era may have ended, and is heading toward its conclusion; what will replace it is genuine use cases." He advised investors to "forget financial primitives (Fi) and instead focus on applications—the actual use-case scenarios where tokens and blockchain are put to work."

A Deutsche Bank research report shows that the three major AI systems believe AI’s impact on inflation is negligible. Among them, the probability that AI will raise inflation is higher than the probability of a statistically significant reduction, mainly due to demand-pull inflation pressures driven by an investment boom.

Gate News message: On April 2, Energy Intelligence Group reporter Amena Bakr said that, given the current situation, even in the most optimistic scenario, the Strait of Hormuz (one of the world’s most important oil shipping lanes) will still be closed until May, reminding the market to prepare for the shock.