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.

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.

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.

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Moody’s Rates First Bitcoin-Backed Muni Bond in Landmark Move

_Moody’s assigns a Ba2 rating to a $100M Bitcoin-backed municipal bond in New Hampshire, marking a historic first for crypto in credit markets._ Moody’s has officially rated a Bitcoin-backed municipal bond for the first time.  The credit agency assigned a provisional Ba2 rating to a $100 million b
BTC-2,85%
LiveBTCNews·4m ago

Blockstream CEO: Slam $1.5 billion to stockpile 21,000 Bitcoin

Blockstream CEO Adam Back plans to purchase about $1.5 billion worth of Bitcoin within the next few weeks, further strengthening its Bitcoin reserve strategy and positioning it as one of the largest Bitcoin-holding institutions globally. At the same time, the financing completed by Capital B uses a convertible note conversion mechanism, providing a model for European companies’ future Bitcoin procurement. As the EU’s MiCA regulations are advanced, it will encourage more companies to include Bitcoin in their asset allocation.
BTC-2,85%
MarketWhisper·5m ago
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Bitcoin, ether, solana slide further as Trump threatens to hit Iran 'extremely hard'

Bitcoin and major cryptocurrencies fell sharply after Trump's address threatened escalated military action against Iran, reversing a previous rally. The ongoing conflict continues to create volatility in the market. Despite historical April gains, optimism is tempered by geopolitical tensions.
BTC-2,85%
SOL-5,79%
BNB-4,54%
XRP-2,24%
CoinDesk·47m ago

TON Begins Sub-Second Upgrade as Dynamic Adds Embedded Wallet Infrastructure for Telegram Mini Apps

The Open Network (TON) has commenced deployment of a Sub-Second upgrade on its mainnet as of March 31, 2026, a consensus-layer update designed to achieve sub-second confirmation times and improve on-chain response speed, while infrastructure provider Dynamic has added embedded wallet capabilities enabling developers to deploy TON wallets automatically inside Telegram Mini Apps without building custom wallet systems.
TON-0,28%
BTC-2,85%
CryptopulseElite·48m ago
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Trump’s “Stone Age” speech threatens to seriously hit the market; Bitcoin’s price gives back its gains

U.S. President Trump threatened in a speech to launch even harsher strikes against Iran. The market reacted sharply: Bitcoin and the stock market fell significantly, and oil prices surged. Iran has no intention of backing down and is pushing for legislation on permanent tolls, showing that tensions between the two countries have not eased. The market believes a ceasefire cannot be achieved quickly.
ETH-3,09%
MarketWhisper·1h ago
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