Crypto Market Trends and Price Analysis

Gate News消息，April 3, according to Trader T’s monitoring, yesterday (April 2) spot Bitcoin ETFs saw net inflows of $9.02 million. Among them, Fidelity FBTC recorded inflows of $7.29 million, VanEck HODL recorded inflows of $4.74 million, BlackRock IBIT recorded outflows of $3.01 million, and the remaining ETFs had no capital movement that day.

Decentralized exchange Hyperliquid’s market share rose from 3.5% to nearly 6% within a year, showing that it grew against the trend in a shrinking market and captured real trading activity. The platform not only focuses on crypto assets, but has also expanded to around-the-clock trading in non-crypto commodities such as oil, offering advantages over the structural shortcomings of traditional exchanges and attracting institutional traders who need precise risk management.

Gate News: According to the latest Gate TradFi data, CHCUSD100 () has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

The Arizona House Rules Committee unanimously passed the SB1649 bill, establishing a Digital Assets Strategic Reserve Fund that puts digital assets such as XRP under the management of the Department of the Treasury, and allows revenue to be generated through methods such as staking. If the bill passes, it will become the first U.S. state to officially recognize XRP as a fiscal reserve asset. XRP is currently trading at $1.28 and faces challenges from technical support and resistance.

Gate News, April 3, according to Gate market data, as of the time of publication, BR (Bedrock) is trading at $0.16122. In the past 24 hours, it has increased by 41.99%, reaching a high of $0.17303 and a low of $0.10486. The 24-hour trading volume has reached $1.3479 million. The current market capitalization is approximately $42.1187 million. Bedrock is a multi-asset supported liquidity re-staking protocol that has launched a Bitcoin staking product, uniBTC. As a BTC liquid staking asset, uniBTC enables users to earn staking rewards while maintaining the liquidity of their assets, opening up a new yield opportunity in the trillion-level Bitcoin market.

Polymarket has launched daily contracts tied to U.S. stocks and commodities, which are automatically settled using real-time price data from Pyth Network. The new contract formats include daily up-and-down contracts and settlement-price contracts, improving settlement efficiency and transparency. ICE is investing $600 million in Polymarket, signaling confidence in its potential.

Bitcoin (BTC) gives back this week’s gains, temporarily trading at around $66,780 on April 3. Bitcoin miner MARA cut 15% of its workforce, shifting its strategy toward energy and digital infrastructure. Blockchain analytics firm Elliptic says North Korean hackers may exploit a vulnerability in the Drift Protocol to profit $286 million.

As of April 2, the U.S. XRP spot ETF had a total net inflow of $646,000 in a single day, with the Bitwise XRP ETF seeing a net inflow of $1.3138 million, for total net inflows reaching $378 million. The Canary XRP ETF had a net outflow of $1.2492 million in a single day, with total net inflows reaching $420 million. The total assets net asset value of the XRP spot ETF is $917 million.

Genius has published a new prediction event. Data shows that the probability that FDV exceeds $100 million after one day from opening is 74%, and the probability that it exceeds $200 million is 33%. At the same time, Genius announced it will complete the TGE by April 12, with a total airdrop amount of 70 million tokens.

On April 3, U.S. stock market closed: the Dow Jones fell slightly by 0.13%, while the S&P 500 and the Nasdaq rose by 0.11% and 0.18%, respectively. Crypto sector performance was mixed: Solana rose 9.41%, while most other digital assets fell. msx.com launched hundreds of decentralized RWA tokens, involving multiple well-known U.S. listed companies.

Gate News reports that on April 3, Polymarket announced it has reached an exclusive prediction market partnership with Spain’s La Liga. La Liga becomes the first major European football league to partner with a prediction market platform. Following the agreement, official match prediction markets for teams such as Real Madrid and FC Barcelona will be available exclusively on Polymarket.

As of April 3, DRIFT’s price is up 24.16%, now trading at $0.0561, with a market cap of approximately $32.62 million. Drift Protocol, as a decentralized exchange, has performed well in terms of security and liquidity, but trading has been restricted due to recent security incidents and risk management measures by South Korean exchanges, which has increased market volatility.

Gate News, April 3, according to Gate market data, as of the time of this release, XPL (Plasma) is trading at $0.12. As of the time of this report, it has increased by 11.34% in the past 24 hours, reaching a high of $0.17 and dropping to a low of $0.10. The 24-hour trading volume is $9.1528 million. Its current market cap is approximately $281 million. Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoins. Plasma is committed to serving the stablecoin market that has already surpassed a total issuance of $275 billion and monthly transaction volumes in the tens of trillions of dollars. Its core advantages include: zero-fee USDT transfers, custom Gas tokens, and convenient crypto payments. At the same time, supported by outstanding throughput, it provides solid backing for global-level transaction circulation. This news does not constitute investment advice; investors should be mindful of market volatility.

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit on April 3 against Arizona, Connecticut, and Illinois, reaffirming its exclusive jurisdiction over event contracts and prediction markets, and seeking to have federal courts bar state-level interference with prediction market activities that comply with federal regulations.

Bittensor has recorded a 140% price increase over the past six weeks, including a 105% rise since March 8. The latest price action has pushed it to the 26th-largest cryptocurrency by market capitalization, according to new data from Santiment. AI Tokens Heat Up ----------------- The rally comes a

Gate News: According to the latest Gate TradFi data, CHCUSD100 () has dropped by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

The Trump administration has recently intervened in a lawsuit involving the CFTC and the regulators of gambling in three states, challenging the states’ authority to regulate prediction markets. The CFTC argues that, under the Commodity Exchange Act, it has exclusive jurisdiction over these markets, and accuses the states of overstepping their authority in an attempt to change the nature of the wagering event contracts. This lawsuit reflects regulatory actions by 11 states regarding prediction markets, each facing different legal challenges. If a federal court sides with the CFTC, it will help provide legal protection for prediction markets; otherwise, it will increase operational uncertainty.

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.