Gate Crypto Flash News and Market Updates

Gate News message. On April 14, according to Gate Market Data, as of the time of writing, GT (GateChain) is currently trading at $6.75. Over the past 24 hours, it is up 2.42%, hitting a high of $6.85 and falling to a low of $6.59. The 24-hour trading volume reached $485.5k. The current market cap is approximately $736 million, ranking 92nd. GateChain is a new-generation public chain focused on securing users’ assets and decentralized trading. It features an original online hot insurance account and a settlement/clearing protection system, creatively addressing the industry’s core foundational issues, such as users’ digital assets being stolen, private keys being damaged and lost, decentralized trading, and cross-chain transfers. GateChain is an EVM-compatible Layer-1 blockchain, allowing developers to quickly deploy it at zero cost

Gate News: According to the latest Gate TradFi data, XUNCE (XUNCE 03317.HK) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

On April 13, Bitcoin spot ETF total net outflows were $291 million, BlackRock’s IBIT had net inflows of $34.7012 million, Bitwise’s BITB had net inflows of $11.8758 million, and Fidelity’s FBTC had net outflows of $229 million. Total spot ETF assets net asset value was $94.51B, and the net asset ratio was 6.45%.

Hyperliquid founder Jeff Yan reviewed his experiences before creating Hyperliquid in an interview. He once ran a large anonymous trading team, Chameleon Trading, and used $10k to achieve significant growth. Due to dissatisfaction with the state of the crypto industry and the FTX event, Jeff decided to shut down Chameleon Trading and focus on building the decentralized exchange Hyperliquid.

Anthropic announced on April 14 that it is partnering with the lobbying firm Ballard Partners, aiming to improve its relationship with the Department of Defense. The two sides had previously failed to reach an agreement due to disagreements over the scope of AI use: the Department of Defense wanted its tools to be used without restrictions, while Anthropic demanded limits on their use for fully autonomous weapons and surveillance. This move signals a significant increase in policy outreach investment in the AI industry.

Gate News message, April 14, according to Gate market data, as of the time of writing, INX (Infinex) is trading at $0.01516. It is down 29.98% over the past 24 hours, with a high of $0.0296 and a low of $0.01413. The 24-hour trading volume is $9.0676 million. The current market cap is approximately $54.7882 million. Infinex is a crypto super app (Superapp) that aims to provide users with a unified experience across more than 25 blockchains by abstracting away the complexity of on-chain interactions. Infinex was founded by Kain Warwick, the founder of Synthetix. It includes Passkey authentication, cross-chain swaps and bridging, as well as native trading applications

Hyperliquid founder Jeff Yan revealed in an interview that, although he negotiated with investors and agreed on conditions for a $1 billion valuation, he ultimately decided to turn down the funding, emphasizing the team’s commitment to a neutrality philosophy. He believes that if Bitcoin had accepted venture capital back then, its value would have been compromised.