Gate Crypto Flash News and Market Updates

Cloudflare plans to achieve full post-quantum encryption by 2029, sparking interest in quantum security across the Bitcoin community. Google and IBM are also advancing related technologies. Breakthroughs in quantum computing could threaten Bitcoin’s security; research suggests that quantum computing may be able to recover private keys in the future. The encryption community urgently needs to pay attention to progress in post-quantum encryption to address potential risks.

Three men accused of cryptocurrency extortion have been charged. Police say they are part of a larger criminal organization, and their methods include monitoring victims’ lives and issuing threats to extort them. Cryptocurrency asset holders face high risk; security experts advise strengthening awareness and protection, and they call for cross-border law enforcement cooperation to address such crimes. The incident has sparked further concern about cryptocurrency security and regulation.

The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.

In March, retail investors shifted toward stock sellers, and buy order volume fell nearly 50%. Despite bearish market sentiment, seasonal factors and ceasefire-related news may prompt the market to rebound in the second quarter, and investors should pay particular attention to the energy, technology, and crypto asset sectors.

Fueled by a ceasefire agreement between the United States and Iran, the price of Ethereum rose by about 9% on Wednesday, reaching a new high in several weeks. At the same time, stablecoin supply hit a historical high, suggesting increased activity across the Ethereum ecosystem. Analysts believe this provides solid support for Ethereum, and investors should watch macro events and changes in technical indicators.

A trader made about $5 million in a short period before the U.S.-Iran ceasefire agreement by rapidly profiting through simultaneously building leveraged positions in both the oil market and the crypto market. This operation highlights the high-risk, high-reward nature of leveraged trading, reflects how geopolitics can impact markets, and reminds investors to maintain strong risk-management awareness.

Argentine President Milei is connected to the Libra cryptocurrency project; call records show he repeatedly contacted entrepreneurs before and after the token was listed, raising questions about his independence. After Milei’s social media posts helped drive the token price to surge and then quickly fall, investors suffered losses of about $250 million. The investigation is still ongoing, and it may affect Argentine politics and the crypto market.

Gate News, news. On April 8, U.S. Vice President Vance said Iran has agreed to open the Strait of Hormuz. The Strait of Hormuz is a strategic chokepoint connecting the Persian Gulf and the Arabian Sea, through which about one-fifth of the world’s oil shipments pass.

Artificial intelligence company Anthropic has launched the “Glasswing project,” using AI model Claude to detect and patch software vulnerabilities, improving cybersecurity. The initiative brings together multiple companies for coordinated defense, advancing the use of AI in security and potentially reshaping industry standards. Successful deployment will enhance vulnerability detection efficiency and user trust, becoming a core tool for enterprises to safeguard the security of their systems.

Gate News update: On April 8, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins announced that he has ended “enforcement-led regulation,” and said that the seven crypto-related registration cases brought by the previous administration were a “misallocation of resources,” providing no direct benefit to investors.

The Iranian Navy announced that all vessels passing through the Strait of Hormuz must obtain permission; those that do so without authorization will be destroyed. At the same time, fighter jets are still flying over the Persian Gulf, and most ships are moored. The move shows that Iran continues to exert influence over the waterway.

Adam Back clarified on the X platform that he is not Satoshi Nakamoto, but since 1992 he has been involved in research on electronic cash and privacy technology, helping to drive the development of Hashcash. This response was in reply to a report by The New York Times, which suggested that he shares many similarities with Nakamoto.

Gate News: According to the latest Gate TradFi data, JPN225 (Nikkei 225) has surged by 4.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

On April 8, the three major U.S. stock index leaders traded broadly higher before the opening bell; the Nasdaq rose 3.37%, the Dow Jones rose 2.44%, and the S&P 500 rose 2.61%. The seven major technology stocks also moved higher across the board, with Meta up 4.87% and Tesla up 4.36%.

World Liberty Financial borrowed more than $50 million in stablecoins on the Dolomite platform in the short term, drawing attention from the DeFi market. WLFI deposited large amounts of governance tokens as collateral, causing the liquidity pool utilization rate to exceed 100%, leaving liquidity nearly exhausted and pushing interest rates sharply higher. Analysis suggests this move could be intended to meet liquidity demand or to increase on-chain activity; investors should carefully assess the risks.

The Democratic Party of Korea plans to regulate tokenized real-world assets and stablecoins in the soon-to-be enacted “Framework Act on Digital Assets.” The proposal would require issuers to deposit assets with a trustee-managed trust institution, and classify stablecoins as a means of payment, subject to oversight by foreign exchange regulators. The bill bans earnings from idle stablecoins and calls for the development of interoperable technical standards, aiming to improve market transparency and safety. This marks an important step forward for South Korea’s digital asset regulation.

Bernstein analysts say that quantum computing poses a potential threat to Bitcoin, but it is not a terminal crisis—it is part of a broader technological upgrade. Technology companies plan to transition to post-quantum cryptography before 2029, while Bitcoin and Ethereum are already rolling out the corresponding upgrades to ensure long-term security. While risks do exist, they need to be managed with sensible planning and not exaggerated.

Pi Network is testing its Launchpad functionality, introducing a “12-grid” token distribution system where users can obtain and verify tokens by subscribing to projects. Test results show the system is stable and supports future ecosystem development. Although it is still on the test network, it has already laid the groundwork for the project’s token distribution and smart contract applications. Overall, the project is moving toward a complete blockchain ecosystem.