Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-04-09
15:22

A joint enforcement operation by the U.S., the U.K., and Canada froze more than $12 million in cryptocurrency scam assets and identified more than 20,000 victims.

The “Atlantic Initiative” carried out jointly by the United States, the United Kingdom, and Canada has ended, successfully freezing more than $12 million in scam assets, identifying more than 20k victims, with scam proceeds totaling over $45 million, focusing on cracking down on authorized phishing attacks. A certain CEX participated in the operation but did not freeze funds.
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15:04

Ethereum developer Joe Schiarizzi runs for Virginia congressional seat as a Democrat

Gate News update: On April 9, Ethereum developer Joe Schiarizzi is running for Congress in Virginia as a Democrat. Joe Schiarizzi says he is against Trump and argues that cryptocurrencies should focus on public-interest use cases, not be used for political profit. He also criticizes some lawmakers who support cryptocurrencies as opportunists, saying these people have no real interest in the underlying crypto technology.
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14:54

A Trump family crypto project, WLFI, borrows $31.4 million via Dolomite, and controversy has been sparked by overlapping adviser roles

A crypto project founded by the Trump family, WLFI, has drawn market attention to liquidity risk and alleged insider connections through lending facilitated by Dolomite. WLFI pledges stablecoins USD1 and platform tokens, borrows $31.4 million, and moves it to a CEX that is suspected to be used for exchanging it into fiat currency. WLFI has a high concentration level and also carries liquidation risk. On-chain data shows that WLFI has recently transferred a large amount of tokens, with the destination unclear, and has not yet responded regarding the transactions.
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WLFI0.26%
DOLO3.05%
USD10.02%
14:42

Circle launches a CPN hosted payments product, allowing financial institutions to operate on its payment network

Circle’s official announcement: it is launching CPN managed payments, enabling banks and fintech companies to conduct fiat and stablecoin transactions on the Circle Payments Network without having to manage digital assets or compliance requirements themselves. This will accelerate the adoption by global financial institutions and expand Circle’s product lineup.
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14:42

The TON blockchain has completed a major upgrade, with overall processing speed increasing by about 10x

Telegram founder Pavel Durov announced that the TON public chain has completed a major upgrade. Overall processing speed has increased by about 10x, block generation speed has improved by 6x, and transaction confirmations reach sub-second level. This is the first step of the “Make TON Great Again” plan; in the future, transaction fees will be further reduced by about 6x.
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TON0.9%
14:41

One Football(OFC) will launch on Gate on April 9, and the CandyDrop airdrop campaign will distribute 2.5 million OFC

Gate News update. According to an official Gate announcement dated April 9, 2026, Gate will list One Football (OFC) spot trading and flash swap trading on April 9, 2026 at 18:00 (UTC+8). Spot trading will open at 18:00, flash swap trading will open at 19:00, and withdrawals are expected to be available by April 10, 2026 at 18:00 (UTC+8). OFC is deployed on the Base and ERC20 blockchains. Gate also simultaneously launches the CandyDrop airdrop campaign. The campaign runs from April 10, 2026 at 12:00 to April 23, 2026 at 12:00 (UTC+8). A total of 2,500,000 OFC will be distributed in this round. The campaign includes four prize pools: first spot trading, spot trading, flash swap trading, and inviting friends. Each prize pool is 400,000 OFC, 700,000 OFC, 700,000 OFC, and 700,000 OFC, respectively. Users earn candy by completing trading tasks to participate in the token airdrop. OneFootball (OFC) is a community platform that provides rewards and a sports experience for fans. The official website is https://club.onefootball.com/.
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OFC-7.62%
14:36

Stablecoin foreign exchange conversions in Latin America and East Africa are nearing the level of traditional banks.

Gate News message, April 9, payment infrastructure company Borderless data shows that stablecoin FX conversions along key corridors in Latin America and East Africa are gradually reaching parity with traditional banking channels. In the Latin America market, “institution-level” pricing has already emerged, with execution costs close to zero; in East Africa, as competition among service providers intensifies, spreads are rapidly narrowing.
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14:33

A certain CEX participated in an international operation led by the UK’s NCA to crack down on authorized phishing scams

A certain CEX participated in an "Operation Atlantic" operation led by the U.K. National Crime Agency to crack down on crypto and investment scams, with a particular focus on authorized phishing schemes. The CEX provided on-site support, helped identify victims and malicious websites, and shared intelligence with law enforcement agencies, protecting thousands of potential victims.
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14:21

ZachXBT: Spartans co-founder is allegedly behind the Blockdag pre-sale scam, raising over $300 million

On-chain sleuth ZachXBT accuses Gurhan Kiziloz, the suspected co-founder of the casino platform Spartans, of spearheading the Blockdag Network project, allegedly luring retail investors into fundraising with false promotion of $300 million, and withdrawing the funds to the Middle East within two years. Gurhan is also suspected of lavish spending and using public relations to maintain his image.
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14:18

OpenAI plans to launch a new product for network security

Gate News message, April 9, according to a report by the AXIOS website, OpenAI is finalizing a product with advanced cybersecurity capabilities and plans to first roll it out to a small number of partners. According to reports, AI technology has already reached a tipping point in autonomy and hacking capabilities. Developers of AI models are concerned about the potential damage that their own tools could cause, so they are taking a cautious approach toward a wider release.
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