Gate Crypto Flash News and Market Updates

Nigeria's tax authority, FIRS, has begun legal proceedings against a centralized exchange for alleged tax evasion related to VAT and CIT on cryptocurrency transactions. The trial is set for April 11, 2025, as questions arise regarding the obligation of foreign entities to comply with local tax laws.

XRP Ledger has partnered with Boundless to implement zero-knowledge proof capabilities, allowing banks to conduct confidential transactions while ensuring compliance, validating payments without revealing sensitive details.

Gate News: According to the latest Gate TradFi data, USDINR (US Dollar vs Indian Rupee) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Michael Okoh, co-founder of Thepeer, refuted allegations of missing funds before the company's shutdown, clarifying that claimed investments were never made and funds were fully accounted for. He cited internal governance issues, not fraud, as the problem.

A major withdrawal of memecoin tokens from a centralized exchange led to a significant price surge, with the value of the withdrawn assets nearly doubling within 24 hours. This mirrors a previous withdrawal by a whale that saw its assets increase fivefold.

The Solana Foundation is collaborating with Triton One to enhance its on-chain data access layer, improving scalability and data retrieval. The redesign features two core modules: Accounts for adaptive indexing and Ledger for efficient historical data management. SOL is currently trading around $84.

Ghanaian fintech startup appsNmobile has secured $1 million from Oasis Capital VC to expand its e-payment services, especially its virtual point-of-sale solution for MSMEs, while meeting regulatory capital requirements.

Tether has launched tether.wallet, a user-friendly self-custodial digital wallet that simplifies transactions with readable identifiers and eliminates the need for separate network tokens for gas fees. Initially supporting USDT, XAU₮, and Bitcoin, the wallet aims to enhance accessibility for users.

Former NATO Secretary General Lord George Robertson criticized the UK government for being unprepared for war, highlighting welfare spending and complacency. He noted a £28 billion funding gap in defense plans despite commitments to increase defense spending.

Gate News: According to the latest Gate TradFi data, BE (Bloom Energy Corp) has surged by 22% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

US Treasury Secretary Scott Bessent expressed confidence in declining core inflation despite the Iran war, urging the Federal Reserve to cut rates. Rising consumer prices due to the conflict have impacted President Trump's approval ratings. Trump's Fed chair nominee, Kevin Warsh, faces nomination delays but may soon proceed.

Blockaid has identified a frontend attack on CoW Swap, marking its domain as malicious. Users are advised to cease interactions, revoke wallet authorizations, and await further updates from the CoW Swap team.

Kevin Warsh's Senate confirmation hearing for Federal Reserve chair is set for April 21. With assets valued between $131 million and $209 million, he may become the wealthiest Fed chair. His confirmation faces challenges due to an investigation into current Chair Jerome Powell.

The U.S. Treasury eased sanctions on Venezuela's financial system, allowing access to U.S. dollars and oil revenue, supporting Delcy Rodriguez's government amid public worker protests for better pay. Relations with Venezuela are normalizing post-Maduro's ouster.

The EBRD warns that a prolonged Iran war could severely impact Europe's economy, potentially shrinking growth and increasing inflation. Negotiations have stalled, and the bank plans to invest €5 billion to support affected nations while the EU proposes easing state aid rules to address energy costs.

Goldman Sachs has applied to the SEC to launch a Bitcoin Premium Income ETF, marking its entry into the Bitcoin ETF market. This follows Morgan Stanley's recent launch of a similar product, highlighting growth in institutional Bitcoin yield-focused investments.

Gate News bot 消息，Gate 行情显示，BTC 跌破 74000 USDT，现价 73999.9 USDT。

GMX has launched 24/7 gold and silver perpetual markets on Arbitrum, achieving over $10 million in trading volume on day one. Utilizing Chainlink Data Streams for secure pricing, GMX aims to expand into real-world asset derivatives. This move highlights the trend of decentralizing commodity trading.

Farul Fatih Ozer, founder of the collapsed cryptocurrency exchange Thodex, was arrested in Istanbul, facing fraud and money laundering charges. Allegedly fleeing with $2 billion in investor funds, Ozer's case claims significant financial losses and has led to a nationwide cryptocurrency payment ban in Turkey.

China condemned the U.S. blockade of Iran's Strait of Hormuz, calling it irresponsible and worsening tensions. China denied weapon shipments to Iran and urged for ceasefire adherence. Ship crossings have drastically declined, and Iran seeks to restart negotiations with the U.S. amid significant conflict damages.