Gate Crypto Flash News and Market Updates

Twin3 launched digital identity infrastructure for the Agent economy on April 14 and rolled it out on the testnet. The protocol uses soulbound tokens to store users’ identities and experiences, building digital identities, supporting personal AI agents, and driving automated economic collaboration.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News updates. On April 14, People’s Daily published an article titled “Disrupting the capital markets: these irregularities by finance-and-economics self-media accounts need to be on high alert,” which singled out and criticized certain accounts that drive users to virtual-coin trading by publishing false yield information such as “one hundredfold coins” and “making millions every month trading coins.” The article cites a notice previously issued by eight departments, including the People’s Bank of China, emphasizing that business activities related to virtual currencies constitute illegal financial activities. The article states that accounts and platforms suspected of providing referral traffic and technical services for illegal virtual currency trading may violate laws and regulations and could threaten financial security and anti–money laundering efforts.

Y Combinator makes its first fully stablecoin investment through the Solana network, paying Totalis, a prediction-market startup, $500k in USDC, and plans to open up stablecoin payment options for all supported startups. Totalis will use the platform to execute stablecoin-to-fiat trades.

Gate News message. On April 14, the Financial Times reported that OpenAI investors questioned its $852 billion valuation, saying the company’s strategy is shifting. Some investors said these strategic changes may make OpenAI more vulnerable to threats from competitors such as Anthropic and Google.

Gate News message. On April 14, the prediction platform Kalshi released a video teaser, announcing that it will launch a new product on April 27. The video shows a green spiral gradually forming an everlasting ring, finally displaying the words "Timeless" (eternal). The community speculates that this update may be introducing an open-ended perpetual prediction market without an expiration date, breaking through the existing time-limit constraints of Kalshi’s event contracts, and improving trading flexibility.

The Jito Foundation has signed a memorandum of understanding with the Korean digital asset custodian KODA, planning to provide institutional custody and staking support for JitoSOL in South Korea. This agreement is intended to advance the development of institutional investors and to support related compliance efforts under the digital asset regulatory framework that is expected to be introduced in South Korea.

U.S. Vice President Vance accuses Iran of carrying out “economic terrorism,” saying that it is closing the Strait of Hormuz and threatening the global economy, and he supports the U.S. blockade of Iranian ports, calling it a reciprocal response.

U.S. Representative reintroduces the “Digital Asset Protection Act,” revises the treatment of cryptocurrency taxation, removes the tax-exempt threshold for small transactions, clarifies the conditions for recognizing gains from stablecoin transactions, and sets rules for determining cost basis. Industry expects the bill to drive the inclusion of crypto provisions in tax legislation.

Gate News: According to the latest Gate TradFi data, XUNCE (XUNCE 03317.HK) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News message, April 14, Scroll released an important proposal for protocol governance, planning to dissolve the Security Council and transfer protocol management permissions to the Scroll Admin multisig address. The transition is expected to be completed within the next ten days. Scroll said that the operating costs of the Security Council are no longer reasonable compared with the actual usage in the past few quarters, and the related resources should be better used for product development and growth. Scroll will work with major stakeholders to explore a new Security Council structure that is more suitable for current market conditions.