Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Gate Daily Report (April 2): The U.S. Department of the Treasury releases a notice of proposed rules for the “GENIUS Act”; the CFTC says it is prepared to regulate the entire crypto market

Gate Daily Report (April 2): The U.S. Department of the Treasury releases a notice of proposed rules for the “GENIUS Act”; the CFTC says it is prepared to regulate the entire crypto market

Bitcoin (BTC) dipped in the short term to $67,600. The U.S. Department of the Treasury launched a small consultation on regulatory guidance for stablecoins under the “GENIUS Act,” and the CFTC Chair said he is ready to regulate the entire crypto market. Amid market developments, spot Bitcoin inflows are slightly higher than outflows, and the CFTC and the SEC have signed an agreement to coordinate digital asset regulation.

Hong Kong stablecoin licensing missed the March deadline, and the Monetary Authority has not provided a new timetable

The Hong Kong Monetary Authority failed to issue stablecoin licenses by the end of March as scheduled, with review delays caused by the high threshold requirements. In addition, state-linked enterprises such as Ant and JD.com have paused their applications due to mainland regulatory pressures, further affecting the approval timeline. The Monetary Authority did not provide a specific schedule, only stating that it is still moving forward with the licensing process.
04-02 01:16
Market Whisper

Drift Protocol is suspected to have suffered an internal attack, causing the DRIFT token to plummet 18% within an hour.

Drift Protocol was attacked on April 2, and about $220 million to $270 million in assets were transferred, causing its TVL to fall to $255 million. The attacker moved some funds to Ethereum and performed swaps, and a statement from the Jupiter platform said it was not affected. Security organizations warned that after the attack, the native token faced prolonged downward pressure, and the future outlook for the DRIFT token needs to be carefully assessed. The investigation is still ongoing.
04-02 01:08
Market Whisper

Why is Bitcoin rising today? Trump plans to declare the end of the war, and the short covering potential is being strengthened.

U.S. President Trump plans to announce that Iran’s military targets have been achieved, the war is nearing its end, and the U.S. and Iran are in talks to negotiate a ceasefire. This situation is boosting market sentiment and pushing Bitcoin higher. K33 Research shows that Bitcoin ETF shorts have reached a historical high, and the market structure indicates signs that a bottom may be forming, suggesting a possible near-term uptrend.
04-02 01:03
Market Whisper

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Trump appoints acting Attorney General who holds BTC, raising ethical questions about crypto enforcement policy

The President of the United States, Donald Trump, appointed Deputy Attorney General Todd Blanche as Acting Attorney General, and dissolved the National Cryptocurrency Enforcement Team, issuing a memorandum to halt regulatory enforcement against the crypto industry. When Blanche signed this memorandum, he still held crypto assets, which allegedly violated ethical standards and sparked legal disputes; whether transferring his assets into his family’s name can eliminate the conflict of interest remains controversial.
BTC-2,71%
ETH-4,87%
SOL-3,03%
ADA-4,16%
MarketWhisper·10m ago
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CFTC sues in 3 states to reclaim jurisdiction over prediction markets, as a U.S. conflict landscape begins to take shape

The Trump administration has recently intervened in a lawsuit involving the CFTC and the regulators of gambling in three states, challenging the states’ authority to regulate prediction markets. The CFTC argues that, under the Commodity Exchange Act, it has exclusive jurisdiction over these markets, and accuses the states of overstepping their authority in an attempt to change the nature of the wagering event contracts. This lawsuit reflects regulatory actions by 11 states regarding prediction markets, each facing different legal challenges. If a federal court sides with the CFTC, it will help provide legal protection for prediction markets; otherwise, it will increase operational uncertainty.
MarketWhisper·15m ago
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What If Bitcoin Everlight Shards Unlock Your BTC Earnings Today?

There’s a specific type of crypto participant who doesn’t chase price charts. They look for infrastructure. They look for systems that generate Bitcoin — not promises of Bitcoin, not tokens that might convert to Bitcoin someday — but actual BTC, flowing from real network activity. That participan
BTC-2,71%
CryptoPotato·16m ago

Why is Bitcoin down today? Trump’s “Stone Age” comments trigger a $440 million liquidation

Trump, in a speech on April 2, warned Iran, causing market risk sentiment to contract sharply; Bitcoin fell by about 4%, hitting a low of $65,789. Rising oil prices and a strengthening dollar index intensified macro pressure, further impacting the market. From a technical perspective, Bitcoin may face a key support level at $64,000.
ETH-4,87%
XRP-2,94%
MarketWhisper·26m ago
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Bitcoin at risk of fresh lows until $76K holds as support

Bitcoin has stubbornly maintained a 60,000 to 73,000 USD trading band as macro headwinds intensify. Oil prices hover at levels not seen since 2008, geopolitical tensions flare across the US, Israel and Iran, and stock markets remain volatile after a choppy start to the year. In this environment,
BTC-2,71%
CryptoBreaking·1h ago

Ripple Expands RLUSD Access in South Korea With Coinone Listing

Ripple expands RLUSD into South Korea, opening direct KRW access on a major exchange as its stablecoin strategy continues to expand across global regulated markets and gains traction with growing adoption and liquidity use cases. Ripple Opens Korean Market Access as RLUSD Debuts on Coinone
XRP-2,94%
Coinpedia·1h ago

Hyperliquid (HYPE) Price to $45? Analyst Weighs In

The HYPE price is getting attention again after a strong run that pushed it all the way to the $43 zone before pulling back. That move didn’t come out of nowhere. Traders who followed the structure early were already watching that level as a clear target. Now, with price climbing back toward
HYPE-2,29%
STABLE6,29%
CaptainAltcoin·1h ago

Three Macro Signals Align for Altcoins: But Is It Alt Season?

The ALT/BTC chart has printed four consecutive green MACD bars for the first time in nearly 6 years, according to popular analyst Ash Crypto. The last time this happened, there was a 60% altcoin outperformance against Bitcoin over the three months that followed. Three Signals
ALT-4,6%
BTC-2,71%
ETH-4,87%
XRP-2,94%
CryptoPotato·1h ago