Uzbekistan launched the Besqala Mining Valley zone in Karakalpakstan with tax exemptions until 2035; miners must bank revenue in Uzbekistan and pay 1% monthly to the zone, with use of renewables allowed. Abstract: Uzbekistan established Besqala Mining Valley in Karakalpakstan as a state-backed crypto mining zone. It provides tax exemptions through 2035, requires miners to deposit all revenue in Uzbek banks, imposes a 1% monthly levy to zone authorities, and permits mining with renewables, hydrogen, and grid power.

Uzbekistan creates Besqala Mining Valley SEZ to lure crypto miners with tax breaks till 2035, guaranteed grid access, and licenses from NAPP amid growing regional competition. Abstract: President Shavkat Mirziyoyev issued a decree establishing the Besqala Mining Valley, a special economic zone in Karakalpakstan designed to attract cryptocurrency miners. The zone offers income tax exemption through January 1, 2035 and other incentives, and guarantees access to Uzbekistan's unified power grid supported by renewable energy and hydrogen plants. Miners may sell mined assets on domestic and international platforms, subject to licensing by the National Agency for Prospective Projects (NAPP) and zone directorate applications. The move follows Uzbekistan issuing its first mining permit in February 2026 to NexaGrid in Bukhara after regulatory uncertainty, and comes as the country faces regional competition as Kazakhstan, Kyrgyzstan, Turkmenistan adjust crypto policies and Uzbekistan contemplates stablecoins for settlements this year.

Bitcoin's Composite Market Index is testing a crucial pivot level, indicating BTC is historically undervalued. Key metrics like MVRV and NUPL show reset investor sentiment, while a downtrend in the 90-day SMA suggests ongoing selling pressure.

Gate News update, according to Gate’s official announcement The Gate TradFi zone has launched multiple CFD trading pairs. The Forex zone has added 17 new trading pairs, including CHFSGD, EURDKK, EURPLN, USDBRL, USDCLP, USDCOP, USDILS, USDKRW, USDPLN, EURCNH, EURHKD, GBPNOK, GBPSEK, NOKSEK, NZDSEK, AUDZAR, and CHFZAR, supporting fixed leverage of 20 to 100x. The Indices zone has launched two trading pairs, ES35 and SA40, both supporting fixed leverage of 100x. The Metals zone has launched five trading pairs: XAGAUD, XAUAUD, XAUEUR, XAUJPY, and XPDUSD, supporting fixed leverage of 20 to 100x. The Commodities zone has launched a GAS gasoline trading pair, supporting fixed leverage of 20x. For all trading pairs, the minimum order quantity is 0.01.

Gate News message: According to the official announcement, the Gate TradFi Stock Trading Zone has launched 15 stock CFD pairs for Tencent, Meituan, Xiaomi, Kuaishou, AIA Insurance, Geely Automobile, Zhipu, MINIMAX, Xunce, Lenovo, Kangfang Bio, CITIC Shares, Rongchuang China, China Biopharmaceutical, Anta Sports, all of which support 4x fixed leverage, with a minimum order quantity of 0.1. In addition, the Gate TradFi FX Trading Zone has launched 6 foreign-exchange CFD pairs: EUR/Hungarian Forint, USD/Hungarian Forint, USD/Indonesian Rupiah, USD/Indian Rupee, USD/Thai Baht, and USD/New Taiwan Dollar. All pairs support 20x fixed leverage, with a minimum order quantity of 0.01.

AI Convergence 2026 will be held in Hong Kong on April 20, 2026, focusing on innovation at the intersection of AI and Web3, and exploring business opportunities in the crypto sector. The event uses a “two-zone structure,” including a main stage and a social exhibition area, where attendees can enjoy interactive sessions and receive rewards.

Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

XRP’s recent price fluctuations are in the $1.339 to $1.35 range, boosted by the U.S.-Iran ceasefire talks. It rose about 3% in a single day. The key resistance zone is $1.34 to $1.355; analysts say that only by breaking through this area can investors focus on higher targets. Downside support sits at $1.31 to $1.32, and if it breaks below, it could return to the consolidation range. The market is waiting for U.S. economic data, so the near-term dynamics are worth watching.

From 2026-04-02 00:30 to 2026-04-02 00:45 (UTC), the ETH 15-minute candlestick shows a gain of +0.72%. The price range is 2137.74 to 2157.47 USDT, with a swing of 0.92%. The volatility is moderate, but as market attention to this unusual move increases, the interest in related market conditions and risk discussions also rises. The main driver of this unusual move is the convergence of multiple technical rebound signals and derivatives positioning at high levels. A long-legged doji on the monthly chart has formed, creating expectations of a trend reversal. On the daily chart, the RSI is already at 42, having dropped into the oversold zone. 4

A report released on April 1 shows that on March 30 and 31, Bitcoin ETFs saw net inflows of $69.4 million and $114 million, respectively, ending the outflow trend. The main sources of inflows were ARK Invest and Fidelity. In the derivatives market, shorts are dominant; the funding rate remains negative, and there is a dense liquidation zone below the current Bitcoin price of $66.5k.