Gate Cryptocurrency News and Market Analysis

Taiwanese musician Huang Licheng (A-Ma-Ji Big Brother) recently achieved 13 consecutive profitable trades in cryptocurrency trading, totaling $1.14 million in gains, and has gone 10 straight days without being liquidated, indicating that his trading style has improved. However, his cumulative losses in the past exceed $30.35 million, and his trading fees are nearing $2 million; although his recent performance has been impressive, his high-risk trades have still prompted community skepticism.

Polygon Labs is seeking $50-$100 million to launch a stablecoin payments business, led by CEO Marc Boiron. This strategic move aims to diversify operations amid a challenging crypto market, focusing on payments infrastructure for more stable revenue.

Evernorth is advancing a merger plan with Armada Acquisition Corp II. After the merger, it will be listed on the Nasdaq under the ticker symbol XRPN, with XRP as its core asset. This move not only enables institutional investors to gain indirect exposure to XRP, but also is expected to reduce circulating market supply, enhance recognition of XRP’s value, and promote the integration of traditional finance with digital assets.

Coinbase's developer platform upgrades the x402 protocol, launching the “Upto” plan and enabling a variable pricing mechanism that replaces the previous fixed-fee model to support large language model (LLM) inference and related computing services. This plan is intended to address the issue where users can’t predict costs because they pay fixed fees, with the final amount paid not exceeding the user-set cap. The x402 protocol has been taken over by the Linux Foundation, but transaction volume has continued to decline after the 2025 peak, and it remains to be seen whether the Upto upgrade can boost network activity.

The Korean Financial Intelligence Unit will impose stricter regulation on individual crypto wallets and overseas crypto exchanges. Under the new rules, digital assets transferred to individual wallets exceeding 10 million KRW must be reported, and the 1 million KRW minimum threshold will be removed. The industry is concerned this move may limit trading by Korean users, affect market liquidity, and is calling on the FIU to establish clear risk classification standards.

According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.

The French National Assembly has passed a rule requiring mandatory reporting of crypto assets held in self-custody wallets above 5,000 euros, applicable to multiple mainstream wallets. The DGFIP opposes this, arguing that enforcement will be difficult and that data centralization will increase user risk. Experts say the law may be hard to implement and urge users to closely monitor subsequent developments.

The Japanese government approved amendments to the Financial Instruments and Exchange Act on April 10, marking the first time that crypto assets are brought under regulation. The amendments prohibit insider trading and require issuers to disclose annual information. The amendments increase penalties for violations; if approved by the National Diet, they will take effect in 2027, with the goal of improving market fairness and protecting investors.

Blockchain security platform GoPlus issues an alert, warning that the EngageLab SDK has a serious vulnerability that affects more than 50 million Android users, mainly cryptocurrency wallet users. Attackers can steal private keys and login credentials through stealthy cross-app attacks. Developers and users are advised to update immediately to the secure version to prevent losses.

FDIC proposes rules requiring 1:1 reserves, daily monitoring, and strict redemption timelines for stablecoin issuers. Framework sets capital, liquidity, AML, and cybersecurity standards for banks issuing payment stablecoins. Proposal clarifies reserves lack direct deposit insurance,

Olaoluwa Osuntokun of Lightning Labs has revealed a prototype for a Bitcoin wallet rescue mechanism to aid wallets at risk due to future quantum upgrades. The tool leverages zk-STARK proofs and aims to provide a fallback for BIP-86 wallets, allowing them to transition to a post-quantum environment without exposing sensitive seed information.

xAI, owned by Musk, filed a lawsuit in Colorado seeking to block SB 24-205 from taking effect. The bill is designed to prevent AI systems from producing algorithmic discrimination. xAI alleges that the law infringes on freedom of speech, requires it to adjust its information output based on specific political stances, and points out logical contradictions within the bill. This is xAI’s second legal action on AI regulatory issues, and it could affect the development of the AI regulatory landscape across the United States.

Covenant-72B release boosted TAO, proving distributed AI training can match centralized models. Ecosystem growth from subnets like Targon increased adoption and use cases for TAO. Grayscale TAO Trust filing provided new investment access, supporting token demand and market

U.S. First Lady Melania Trump issued a public statement on April 9 denying any private connection to Jeffrey Epstein or Ghislaine Maxwell, and defending the rights of victims in the Epstein case. However, Trump later said she was “unaware of” her wife’s statement, sparking questions about communication within the White House. The timing of the statement coincides with rising political pressure related to the Epstein case, and analysts believe it is a proactive response to external pressure.

Three Democratic senators are asking for documents related to the \$TRUMP Meme coin activity, accusing the organizers of encouraging token purchases by dangling access to President Trump. The event may allow Trump and his family to benefit and raises concerns about a conflict of interest. The senators emphasized that the organizers’ promotion is misleading and urged the addition of moral provisions in the crypto market bill to limit current officials from profiting. This incident could affect confidence in the crypto market and the legislative process.

Anthropic’s unreleased Claude Mythos Preview has autonomously identified thousands of high-severity zero-day vulnerabilities across every major operating system and web browser, prompting the company to launch Project Glasswing, a defensive cybersecurity coalition backed by up to $100 million in