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 1): Bitfarms plans to sell $161 million worth of Bitcoin; Tether lays off a senior gold trader

Gate Daily Report (April 1): Bitfarms plans to sell $161 million worth of Bitcoin; Tether lays off a senior gold trader

Bitcoin (BTC) was flat at $68,060 on April 1, and U.S. President Trump said he will end the Iran war. The Bitcoin miner Bitfarms plans to change its name to Keel and sell $161 million worth of Bitcoin. Stablecoin issuer Tether fired two precious-metals traders. U.S. stocks rebounded, and all three major indexes hit new highs. Market sentiment fluctuated with news of the Iran war, so it’s necessary to carefully control investment risk.

New Hampshire issues $100 million in bitcoin-backed municipal bonds, rated Ba2 by Moody's

New Hampshire plans to issue $100 million in Bitcoin-backed municipal bonds, which have already received a Moody’s Ba2 rating, marking the convergence of traditional municipal bonds and high-volatility crypto assets. The bond uses Bitcoin income as the sole repayment source and includes downside protection provisions. While this innovation offers the potential for higher returns, it also faces the risk of Bitcoin price volatility, and no issuance date has been announced yet.

Magic Eden wallet shuts down trading services, fully ceases operations on May 1

The NFT marketplace Magic Eden announced that its native crypto wallet will enter “withdraw-only” mode starting April 1, and will fully stop operating on May 1. Users must withdraw their private keys or seed phrases before May 1; otherwise, they will permanently lose their assets. The wallet has been delisted and cannot be downloaded again. This shutdown is part of Magic Eden’s business transformation, shifting its focus toward crypto entertainment. The ME token incentive program is not affected, but the price is near its historical low.

Why is Bitcoin up today? Trump’s move to withdraw from Iran within 2 to 3 weeks sparks a rebound

U.S. President Trump announced that he would withdraw from Iran within 2 to 3 weeks, prompting a short-term bounce in Bitcoin and a rebound in market risk appetite. However, Bitcoin faces the risk of falling for the sixth consecutive month; if this month’s close is below $67,300, it would further confirm downward pressure. Analysts noted that there are three possible market scenarios ahead, and it is necessary to closely watch how the outlook develops.

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OpenFX Raises $94M to Expand Stablecoin Network for Cross-Border Payments

OpenFX has raised $94 million in Series A funding to enhance its stablecoin-based cross-border payments network, targeting growth in Southeast Asia and Latin America. The company aims to improve liquidity and expedite international transactions, emphasizing stability and efficiency over consumer-oriented solutions.
CryptoNewsFlash·32m ago

Trump’s Troop Withdrawal Sparks a Crude Oil Selloff Wave: How the Waning Energy Premium Could Reshape the Crypto Market Logic

On April 1, 2026, Trump’s remarks about withdrawing troops triggered a sharp sell-off in the crude oil market, and oil prices quickly fell. This shift not only affects the energy market, but also changes the pricing of global broad asset classes. The decline in crude oil has a dual impact on the liquidity environment in the crypto market and on mining costs; the market has begun to reassess the relationship between geopolitical risk and crypto assets. In the future, the market will be constrained by multiple structural risks, and industry competitiveness may shift toward improving technology and compliance capabilities.
BTC2,13%
ETH3,99%
InstantTrends·40m ago
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Australia tightens crypto regulations; exchanges must have a financial license

Australia tightening crypto regulations: exchanges must have a financial services license Australia has just approved a new regulatory framework for the cryptocurrency industry; under it, exchanges and digital asset custody platforms will be required to apply for a financial services license within the next six months. The move is seen as a significant step toward greater oversight and regulation of the sector.
TapChiBitcoin·1h ago