Gate Crypto Flash News and Market Updates

Crypto hedge fund Split Capital’s founder Zaheer Ebtikar announced the closure of the fund and is switching to become Chief Strategy Officer at stablecoin company Plasma. He believes the crypto hedge fund business model is no longer viable, mainly due to the impact of traditional financial institutions launching digital asset ETFs, which led to a sharp drop in demand. At the same time, crypto venture capital has also been squeezed out, and major coin prices have fallen by nearly 50%.

The Solana Foundation has launched STRIDE and SIRN, a security framework led by Asymmetric Research. The former provides independent security assessments and proactive monitoring, while the latter is responsible for real-time response and threat sharing. The initiative aims to improve ecosystem security, and all projects are available for free use.

Gate News message: On April 7, the crypto rewards fintech company GoSats announced the completion of a $5 million Series A round of financing, led by Konvoy, with participation from Y Combinator, Taisu Ventures, and others. GoSats' business model links Bitcoin and gold rewards to everyday spending, helping businesses acquire customers and boost user loyalty. The funds from this round will be used to develop innovative fintech products and to build AI-powered personalized services.

The Ministry of State Security has recently warned about various scams that use the slogan “accumulating Tokens can make you rich” and said these activities endanger the country’s economic security. It also urged the public to handle illegal cryptocurrency trading with caution.

Gate News message: On April 7, 360 vulnerability-hunting intelligence agents recently discovered and reported 1 high-risk and 2 medium-risk high-value vulnerabilities targeting OpenClaw. At present, all newly discovered vulnerabilities have been officially fixed and publicly disclosed. The three newly discovered vulnerabilities directly target the core operating mechanism of the AI intelligence agents, directly affecting the core security of users’ devices, data, and accounts.

Gate News message, April 7, Web3 security platform Immunefi announced that the DeFi protocol Alchemix has relaunched its bug bounty program on the platform based on its latest v3 contracts, with a maximum reward of up to $300k. This initiative is intended to encourage security researchers to review the new version of the contract code, identify potential vulnerabilities in advance, and improve the protocol’s overall security. Immunefi stated that this is currently a critical window period for auditing the relevant code and participating in the bounty program.

Gate News update, April 7, global payments platform Paysafe announced the launch of a "Pay with Crypto" crypto payment solution, mainly targeting the U.S. iGaming and daily fantasy sports markets, enabling users to fund their accounts using stablecoins and major cryptocurrencies. Data shows that about 70.4 million U.S. adults hold cryptocurrencies, and 83% of players are interested in crypto payments. Users can complete payments by connecting a crypto wallet or scanning a QR code, and the system will automatically complete the fiat conversion after the transaction is confirmed.

Gate News message, April 7: in Argentina, multiple domestic banks have already begun testing JPM Coin, a deposit token from JPMorgan Chase. JPM Coin is a deposit token product designed by JPMorgan Chase specifically for institutional users. At present, Banco CMF has confirmed that it is one of the financial institutions participating in the tests. The institution plans to apply JPM Coin to its backend settlement workflows to improve settlement speed and efficiency.

The negative correlation between Bitcoin and global central bank monetary policy suggests that institutional capital has already positioned itself ahead of a potential easing cycle. In the recent spot ETF net inflows have hit a new high, but the market remains choppy and unstable, with weak demand. Corporate allocation has slowed, volatility in the options market has increased, and traders are more inclined to add downside protection.

Hyperscale Data announced that its Bitcoin holdings increased to 639.2135 BTC, with a total market value of approximately $44.1 million. Its subsidiary Sentinum holds 591.3761 BTC, ACG acquired 47.1935 BTC, and the overall asset value exceeds $100 million.

Gate News announcement, April 7, the head of Iran’s securities exchange authority said on April 7 local time that four plans are currently being developed for the reopening of the Iranian stock market. Plan 1: maintain the existing conditions, meaning only allow fund trading, or reopen under the existing conditions but without publicly disclosing information. Plan 2: if hostilities escalate, it could lead to a pause of all trading, including funds. Plan 3: reopen after a written ceasefire agreement. Plan 4: gradually resume trading in the absence of a ceasefire agreement. Previously, trading on the Iranian stock market was suspended on March 1.

Gate News message, April 7, gold supporter Peter Schiff posted, saying that assuming Bitcoin drops to $10k by the end of 2026, it will still be the best-performing asset of the next decade. Schiff said he is sure Michael Saylor will rely on this to keep pushing up the price of Bitcoin and issue more shares to buy Bitcoin. But a 92% drop will make it the worst-performing investment for most long-term holders.

Circle CEO Jeremy Allaire plans to visit South Korea in April to meet with executives from multiple banks and exchanges to discuss USDC use cases, international payments cooperation, and its KRW stablecoin plans, with the goal of expanding USDC’s use in the Korean market.

Bitcoin has been trading in a two-month range continuously since April 7. In the recent period, the price’s high was between $72k and $75k, and the low was between $62k and $65k. Overall, the market is still consolidating; open interest remains steady at about $16.7 billion, and the funding rate has returned to a neutral range. Sentiment in the options market is stable: call options have risen to 47%, but there is still hedging against short-term downside risk.

Gate News update: On April 7, AINFT announced integration with Google sign-in. Users can choose to connect via a Google account or via a decentralized wallet. After logging in, new users can receive a million-point rewards bonus and access multiple leading AI model platforms worldwide.

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

Bitcoin is up more than 5% since February 28; it has now rebounded to $69k, while the technology software industry ETF is down more than 2% over the same period. The correlation between the two has significantly declined, and spot Bitcoin ETFs also saw a net inflow of $471 million on April 6.

Gate News updates, April 7, according to Onchain Lens monitoring, 30 minutes ago, a newly created wallet deposited $3.82 million USDC into HyperLiquid and opened a short position of 9,395.67 ETH with 20x leverage, worth $19.7 million.

Gate News message, April 7, VanEck’s Preferred Securities ex Financials ETF (PFXF, preferred securities ETF) disclosed that it purchased 1.27 million shares of Strategy’s perpetual preferred stock Stretch STRC, valued at $127 million, accounting for 6% of its digital credit net assets.

Web3 asset data platform RootData recently mapped out 16 of Ripple’s Web3 partners, covering key areas such as RWA tokenization, RLUSD stablecoin distribution, and ODL payments. It emphasized prioritizing real-world use cases and efficiency, while traditional partners focus on increasing ODL trading volume and compliance.