- Market Commentary: BTC surged to around $79,477 over the past 24 hours before quickly retracing. After falling below the $76.6K level, it staged a technical rebound, though the overall trend remains a weak recovery within a high-level consolidation range. ETH moved largely in line with BTC over the same period, with limited follow-through buying during rebounds.
- Hot Tokens: PRL surged on the back of liquidity mining incentives and positive DeFi partnership developments. XCN gained momentum driven by protocol upgrade plans and growing expectations for institutional adoption, while PENGU demonstrated strong resilience in a weak market environment thanks to NFT community enthusiasm and concentrated capital inflows.
- Alpha Insights: Sky announced it is building Laniakea, an institutional-grade on-chain capital allocation infrastructure; ZetaChain confirmed that its GatewayEVM contract was exploited and has temporarily suspended cross-chain transactions; Compound introduced a proposal supporting DeFi United, with plans to contribute up to 3,000 ETH.
Discover more details today → Gate Research: ZetaChain GatewayEVM Exploited, Compound Backs DeFi United Proposal
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
April 28, 2026
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