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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Goldman Sachs dismisses expectations that the Federal Reserve will raise rates by 45%, and still expects two rate cuts within the year.

Goldman Sachs analysts said the market’s expectations for the Federal Reserve to raise rates in 2026 are too high, mainly because the impact of the oil price shock has been overstated. They believe that factors such as the U.S. economy’s reduced dependence on oil, weak labor market conditions, and the policy interest rate already being above the neutral level will lower the risk of inflation transmission. Therefore, Goldman Sachs maintained its forecast of two rate cuts within the year.
MarketWhisper·6m ago
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OpenAI Super App Roadmap Leaked, ChatGPT and Codex Move Toward Integration

OpenAI CEO Greg Brockman introduced the super app initiative in an interview, integrating ChatGPT, Codex, and Atlas into a unified assistant system with the goal of deeply understanding user needs. The plan will move forward step by step, focusing on expanding Codex’s application scope, and shutting down the Sora project due to insufficient compute power in order to concentrate resources on developing the core products.
MarketWhisper·13m ago
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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-3,12%
LiveBTCNews·24m 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-3,12%
MarketWhisper·25m 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-3,12%
SOL-6,38%
BNB-4,48%
XRP-2,67%
CoinDesk·1h 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-0,65%
BTC-3,12%
CryptopulseElite·1h ago
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