Gate Crypto Flash News and Market Updates

Chip startup SiFive completed a $400 million funding round on April 9, valuing the company at $3.65 billion. This round was led by Atreides Management, with participation from Nvidia and others. The funds will be used to expand its influence in artificial intelligence data centers.

Gate News message, on April 9, the U.S. stock market opened. The Dow Jones Industrial Average (Dow) fell 0.14%, the S&P 500 Index (U.S. large-cap stocks index) fell 0.05%, and the Nasdaq Composite Index (Nasdaq) rose 0.06%.

TON treasury company AlphaTON Capital and Vertical Data signed a strategic financing agreement of about $43 million, expected to be completed in 2026. The financing will be used for AI hardware deployment and the build-out of privacy computing infrastructure, supporting the development of applications with partners such as Telegram.

Gate News: According to the latest Gate TradFi data, WDC (Western Digital Corp) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News message: On April 9, according to Arkham monitoring, the whale address “0x63c” had a crude oil short position with a position value that at one point reached as high as $30 million on Hyperliquid. Because the crude oil market funding rate is negative, the address can currently earn $388,000 per day in funding fee income, translating to an annualized funding fee income of up to $142 million. However, due to crude oil price fluctuations, the whale is currently down $2 million in unrealized losses.

Securitize, an asset tokenization platform, appointed Brett Redfearn as President and a member of the board of directors on April 9. Redfearn previously served as Chair of the advisory committee and has extensive experience in regulation and market structure, helping advance the development of capital markets.

Gate News message: On April 9, Circle’s L1 blockchain, Arc, announced that it has open-sourced the testnet code ahead of going live on the mainnet. Effective immediately, developers can independently start testnet nodes and review the source code. At the same time, Arc has launched a bug bounty program on the HackerOne platform.

Wintermute launched a yield dashboard for its institutional platform NODE on April 9, providing quote estimates for options strategies across more than 50 assets. The tool lets users explore strategies on their own without disclosing information, making it suitable for institutions holding token positions with lower liquidity.

Gate News message, April 9, the head of the National Bank of Poland, Glapiński, said the National Bank of Poland will continue to buy gold. Glapiński reiterated the target to increase gold reserves to 700 tons; the National Bank of Poland currently holds 580 tons of gold.

Gate News message, April 9, according to market data, WTI crude oil futures (West Texas Intermediate) were up 6.00% intraday, trading at $100.08 per barrel.

Crypto analyst Ali Martinez says that current market volatility could provide cycle-level get on board opportunities, and has set multiple key price ranges based on on-chain data. The main support band is $63,111 to $70,685; if it breaks below, it could lead to a liquidity vacuum. In the long term, BTC is approaching its historical uptrend line, and it’s recommended to accumulate in batches.

Gate News, April 9, the Solana treasury company DeFi Development listed on Nasdaq released its March operating report. The report shows that as of the end of March, the company held 2.22 million SOL, and the amount of the liquid staking token dfdvSOL increased from 513k to more than 656k. In addition, DeFi Development said it will continue to advance its strategic investment in the stablecoin protocol Apyx.

Social app Giggles announced on April 9 that it has completed more than $1 million in Pre-Seed funding, led by 1kx. The funds will be used to improve the product and scale its user base. The app combines a prediction-market mechanism, allowing users to “buy in” early to help turn “content discovery” into an economic activity.

Gate News message: As of April 9, Japan-compliant stablecoin JPYC has reached a total trading volume of $137 million since the end of October last year. Of this, Polygon leads with $90.4 million, accounting for 66%, Avalanche has a trading volume of $26.4 million, and Ethereum has $19.7 million. In addition, Polygon’s founder confirmed that Japanese physical retail stores have supported offline payments for JPYC on the Polygon network.

Gate News update, April 9, the U.S. Q4 actual GDP (gross domestic product) annualized quarter-over-quarter final value was 0.5%, below the market expectation of 0.7%, and the prior value was 0.70%.

U.S. law firm Gibbs Mura initiates a class-action investigation into the Drift Protocol theft incident, involving an amount of approximately $280 million to $285 million. The law firm said that Circle did not freeze the stolen funds in a timely manner, and urged affected users to join the lawsuit to recover their losses.

Multiple European financial institutions predict that international oil prices will be difficult to fall back to pre–U.S.-Iran conflict levels in the short term; attention should be paid to the recovery of the Strait of Hormuz and Middle East infrastructure. Although ceasefire news has eased concerns about supply, oil prices may continue to fluctuate in the future.

An S&P Global Market Intelligence report shows that although the stablecoin market has already surpassed $316B, the banking industry’s strategic positioning for stablecoins is still in an early stage, with only 7% of surveyed banks developing relevant frameworks. Banks are concerned about issues such as deposit outflows and impacts on revenue, and it is expected that large banks will explore tokenized deposits, while mid-sized and smaller banks will use fiat deposits to participate.

BitMine Immersion Technologies announced that it has officially been upgraded to the New York Stock Exchange and will stop trading on NYSE American. At the same time, it has expanded the authorized total amount of its share repurchase program to $4.0 billion. Currently, the company holds about 4.8M ETH and has completed 79% of its target.

Gate News message: On April 9, the U.S. reported that the February Core PCE price index (Personal Consumption Expenditures Price Index, a key inflation indicator of the Federal Reserve) came in at 3% year-over-year, in line with the market’s expected value of 3%.