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.
2026-04-04
08:16

Gansu Tianshui Court Tries a Cryptocurrency Money-Laundering Case: Defendant “Picked Up Cash as a Runner” Sentenced to Two Years and Four Months for 390k Yuan

A court in Qinchou District, Tianshui, Gansu, tried a case of virtual currency money laundering. The defendant withdrew more than 390k yuan using a “high-paying errand runner” method, converted the funds into virtual currency, and earned profits of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him 10k yuan. The judge reminded the public to stay alert against participating in cash withdrawals and transfers, so as not to become an accomplice to crime.
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08:09

VanEck Research Director: BTC derivative protective demand hits the 99th percentile historically, signaling a potential contrarian long setup

VanEck Research head Matthew Sigel said that demand for hedging in the Bitcoin derivatives market has reached the 99th percentile in history, suggesting that it may be suitable to establish long positions. At the same time, he warned that high capital expenditures in the artificial intelligence sector could put pressure on the market, especially in the S&P 500.
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BTC-0.11%
NODE0.68%
07:46

The IMF urges the Bank of Japan to keep raising interest rates, saying that the Middle East war poses major new risks

The International Monetary Fund recommends that the Bank of Japan continue raising interest rates, despite new risks to Japan’s economy stemming from the Middle East war. Rising oil prices and yen depreciation have intensified inflation pressures. The IMF expects inflation to return to the 2% target in 2027 and emphasizes the importance of a flexible interest-rate policy.
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07:30

Nevada court extends ban on Kalshi sports prediction market, ruling it has no substantive difference from gambling

A Nevada judge ruled that Kalshi’s sports prediction market products have no substantive difference from gambling, extended the injunction prohibiting it from offering related services locally until the case is further considered. Regulators believe it should be subject to the state’s gambling regulations.
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06:31

Israeli Prime Minister: We will continue to strike Iran with the United States, and have already destroyed about 70% of its steel production capacity

Gate News message, on April 4, Israel’s Prime Minister Netanyahu said during a situation assessment with senior officials that the Israel Defense Forces will continue to carry out intense strikes with the U.S. against Iran. Netanyahu said that the Israeli forces are continuously removing Iranian military commanders and bombing infrastructure, including bridges. He revealed that the Israeli forces have destroyed about 70% of Iran’s steel production capacity, weakening the Islamic Revolutionary Guard Corps’ financial sources and reducing its ability to mass-produce weapons.
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06:02

Polymarket’s Claude Mythos model: the April release probability drops to 28%, and the June release probability rises to 53%

Polymarket’s prediction data shows that the probability of the "Claude Mythos" model released in April dropped sharply to 28%, while the probability of the model released in June rose to 53%. Related contract rules require that the model must be confirmed only after following specific naming conventions and being made publicly accessible, and Anthropic also prohibits users from "free-riding" on Claude.
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05:31

Ireland launches digital wallet testing, adding an age verification feature to protect teens’ online cybersecurity

Gate News updates: On April 4, the Irish government officially launched the digital wallet testing phase on April 3. The wallet includes an age verification feature. According to a statement from Ireland’s Department of Public Expenditure and Reform, this digital ID will support social media platforms in verifying users’ ages, with the goal of protecting children and teenagers from online harms.
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03:31

Cambodian lawmakers unanimously pass a new law; fraud-ring operators could face up to 5 years in prison

Gate News message, April 4. Recently, Cambodia’s National Assembly passed a new law unanimously with 58 votes in favor, officially criminalizing the operation of scam bases. Under the law, those involved will face imprisonment of 2 to 5 years and a maximum fine of $125k; if it involves organized crime or multiple victims, the penalties will double. The bill is currently pending the King’s signature to take official effect. Against this legislative backdrop, the UK has already imposed sanctions on operators of scam networks within Cambodia, and Cambodia has also extradited a person suspected to be the leader of a criminal syndicate to China.
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01:32

Japan’s Financial Services Agency Issues a Network Security Reinforcement Policy for Crypto Asset Exchange Businesses

The Japan Financial Services Agency has issued “Policy Guidelines for Strengthening Cybersecurity for Crypto Asset Exchange Businesses and Related Entities,” with the aim of strengthening investor asset protection. It proposes a three-layer security framework to address the new landscape of cyberattacks. In subsequent plans, it will conduct penetration testing on major operators and revise the guidance to raise security standards.
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