FAFO increased by 4305.24% after launching on Alpha. Current price: 0.001156 USDT

Pi Network RPC server startup, supply pressure obstructs a technical rebound for PI

Pi Network announced that its testnet remote procedure call (RPC) servers are now live, laying the groundwork for building a smart contract ecosystem. Although this news is seen as a positive, the core team’s selling of more than 21.8 million PI tokens, along with the ongoing supply pressure stemming from user top-ups, has still exerted downside pressure on the market. Technical analysis shows that the support level for the PI token is $0.1736; the future price action needs to be closely watched.

A whale-led selloff is driving the Bitcoin market, and ETF institutional buy pressure is unable to turn the tide

A CryptoQuant report indicates that as of the end of March, Bitcoin’s “apparent demand” is -63,000 BTC, showing that the market has an oversupply situation, and institutional buying cannot offset retail selling. Starting in mid-2025, the giant whales began large-scale selling, pushing the market into a distribution phase. Although ETF institutional buying has increased, it has not been able to change the weak demand situation, and weakening domestic U.S. demand may further affect the market. Easing geopolitical tensions could become a catalyst for a short-term rebound.

BTC 15-minute drop of 0.73%: Technical support fails and on-chain congestion converges to suppress the rebound

From 2026-04-02 02:00 to 2026-04-02 02:15 (UTC), the BTC price fluctuated within the 66,858.6 - 67,355.0 USDT range. Over the 15 minutes, the return was -0.73%, and the amplitude reached 0.74%. During this period, market attention increased, short-term volatility intensified, and investors’ sentiment clearly shifted toward caution. The main driving force behind this abnormal move was that the key technical support level of $66,700 was broken, along with the RSI falling below 30, indicating that short-term momentum weakened rapidly and investors’ willingness to sell increased. Additionally, the market sentiment became more cautious, and trading volume showed signs of decline.

The “crypto pullback” wave on April 1: Is it a joke or a warning sign from within the market?

On April 1, at least five influential figures in the cryptocurrency space simultaneously posted farewell messages, declaring that they were leaving the industry permanently. The posts quickly spread across X, creating a wave of confusion as the community couldn’t clearly tell where the serious statements ended.

Bitcoin, stocks soar as markets respond to chance of US and Israel-Iran war ending

Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump's statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran

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.