Gate Crypto Flash News and Market Updates

North Korean hackers’ attacks against the cryptocurrency industry continue to escalate, becoming an important source of funding for maintaining their military budget. Experts say that, unlike hackers from other countries, North Korea relies more heavily on crypto theft; its tactics have evolved into precision takeover—long-term infiltration that is difficult to effectively defend against—posing a serious threat to the industry.

U.S. Senator Cynthia Lummis is calling for advancing the 《CLARITY Act》 legislation as soon as possible, warning that otherwise it may take nearly four years to restart the regulatory framework. The bill is intended to provide a clear regulatory structure for the crypto industry and to promote innovation and market development. Multiple industry figures and regulators support the legislation, emphasizing the need to avoid regulatory uncertainty.

Gate News update: On April 12, according to on-chain analyst Ai Yi’s monitoring, the multi-signature address 0x0A1...790d7 accumulated a withdrawal of 31.93 million RAVE tokens from a certain CEX over the past two days. Its asset value has risen from $37.54 million to $89.10 million, an increase of $50 million within two days. Earlier, on April 8, the value of these tokens was only $8.52 million.

CryptoQuant analyst Darkfost noted that although March CPI recorded the largest month-over-month increase, core CPI remained stable, indicating that U.S. inflation has not fully spread yet. Attention should be paid to upcoming PCE data. If the Iran-Iraq conflict continues, inflation could evolve into a systemic risk and affect economic growth, and the Federal Reserve may need to continue raising rates to respond.

Musk said on the X platform that xAI’s Grok model is catching up to Anthropic’s Claude Opus 4.6, with a prediction it will come close to parity in May and may surpass it in June. He said that this timeline counts as a long time in the AI field. Claude Opus 4.6 is Anthropic’s flagship AI model and is the strongest version in the Claude 4 series.

On April 12, the prediction market Polymarket briefly appeared in Google News search results, but was then removed. Google said this was an error and said it will no longer display it. The platform has been proactively integrated with media and has already partnered with Google and the X platform.

The U.S.-Iran negotiations did not reach an agreement, and U.S. Vice President J.D. Vance has left Pakistan. The Iranian delegation put forward a forward-looking initiative, but it was unable to win the U.S. side’s trust. The time and location for future negotiations have not been announced yet.

Robinhood takes a cautious approach in its prediction market business, excluding “market mentions” contracts that could easily trigger manipulation risks, and emphasizing that it only offers regulated event contracts to protect customer interests. Recent insider trading incidents have intensified industry concerns, and to mitigate risk, Robinhood partners with regulated platforms to ensure user identity verification.

Bank of America releases a report, adjusting its global economic outlook due to geopolitical shocks in the Middle East. The U.S. growth forecast for 2026 is lowered to 2.3%, and inflation is raised to 3.1%. The eurozone growth forecast is cut, with inflation raised to 3.3%. The report emphasizes that the impact of the shocks is uneven.

Bitcoin’s short-term trading difficulty is increasing. Analyst Murphy recommends adopting a DCA (dollar-cost averaging) strategy over the next six months, with a win rate approaching 100%. He emphasizes the need to distinguish between investing and trading, avoid wishful thinking, follow the long-term trend, and strictly adhere to short-term trading discipline.

A 27-year-old German hacker, Noah Christopher, was arrested in Thailand and faces up to 74 counts of cybercrime, accused of developing ransomware and providing network attack services, involving transnational cybercrime. His visa was revoked, and he is awaiting extradition to Germany.

Gate News message, April 12, the Argentine Securities and Exchange Commission (CNV) issued General Resolution No. 1125/2026, formally recognizing cryptocurrencies as an asset category that can be included in an individual's net worth for determining eligibility as a qualified investor. Under this resolution, virtual assets are defined as "any digital value representation that can be traded and/or transferred digitally and that is used for payment or investment." This definition covers digital asset types such as cryptocurrencies, tokenized assets, and stablecoins.

Wang Yongli analyzed the progress of U.S. cryptocurrency asset policy in his article, saying that the CLARITY Act provides clear guidance for regulation. He emphasized that the development of the on-chain crypto world should be given due attention, and suggested implementing effective regulation based on an understanding of the nature of cryptocurrency assets, while also adapting the U.S. experience to the country’s own conditions.

X platform product lead Nikta Bier announced that the split for aggregated accounts will be reduced to 60% and that it plans to reduce it by another 20% in the next cycle. This move is intended to curb the impact of stolen content and clickbait information on real creators. Going forward, accounts that use clickbait-style tags will face a permanent reduction in earnings.

Grayscale has updated its list of candidate assets for its products, covering four major categories: AI, finance, smart contract platforms, and utility tools, and adding multiple new projects. Current products include mainstream assets such as BTC and ETH, and the candidate list will be updated each quarter.

Gate News message, April 12, the second batch of Hong Kong compliant stablecoin license applications is underway. According to reliable sources, Futu Securities and OSL Group are both applicants for the second batch of licenses. Previously, in November 2025, 13 ministries including the People’s Bank of China issued a statement, reaffirming China’s crackdown on virtual currency trading and classifying stablecoins as virtual currency, which means stablecoins will be impossible to trade in mainland China.

WLFI CEO Zach Witkoff responded to a critical article, pointing out that the article’s author is not affiliated with WLFI and that multiple pieces of information in the piece are incorrect, including confusing WLFI with the Trump meme coin and having no connection to CIC digital. He emphasized that WLFI’s main product is stablecoins and urged people to do thorough research before publishing.

Gate News update, April 12, BTC’s current price is about $71,646, up about 6.1% from $76,000; ETH’s current price is about $2,215, up about 8% from $2,400.

Gate News message: On April 12, RAVE briefly surged more than 40%, reaching a high of $2.97 and currently trading at $2.4.

Bittensor co-founder Jacob Steeves responds to the Covenant AI incident, accusing its founder of betraying trust and issuing an apology. Steeves says he will move forward with a locked staking mechanism, enhance protocol transparency and resilience to risk, and continue to push for open AI development.