Gate Crypto Flash News and Market Updates

Linea launched the EIP-7702 protocol on April 3, enabling users to execute smart contracts, batch transactions, and enable features like paying for gas without changing their wallet addresses. The protocol is fully compatible with ERC-4337, has been integrated into MetaMask, and is planned to achieve full EVM compatibility in 2026.

On April 3, a miner who mined solo through CKPool successfully mined block #943,411, earning about 3.139 BTC in rewards, worth about $210k. Solo mining is still a low-probability event; in the past 12 months, only 20 blocks were mined. Mining competition has intensified, and network difficulty has shown fluctuations.

S&P Global Market Intelligence analysis shows that the U.S. economy is facing upward price pressures and uncertainty, with the services sector contracting for the first time since January 2023. In March, economic growth slowed to just 0.5%. Consumer-facing service industries have been hit hard, with rising costs and a decline in purchasing power leading to a drop in spending; in the future, consumer price inflation could accelerate to nearly 4%.

At EthCC 2026, Offchain Labs’ Edward Felten said that Ethereum L2 networks need to introduce a “responsive pricing” mechanism to reduce fee volatility and support hundreds of millions of users. Even though EIP-1559 has improved fee mechanics, Gas price volatility still affects user acceptance. Today, the industry focus has shifted to how to make costs more predictable—Arbitrum One has already been the first to put a dynamic pricing mechanism into practice.

On-chain investigator ZachXBT accuses stablecoin issuer Circle of making more than $420 million in compliance execution mistakes since 2022, failing to promptly freeze the USDC funds involved, which led to funds draining in multiple security incidents, with a slower response time than competitors.

Agora announces that, effective immediately, it will stop issuing and supporting AUSD on the Injective network. Users can redeem AUSD on a 1:1 basis, with the redemption window running until September 28, 2026. Users must operate through official channels; afterward, KYC verification and fees may be involved. This adjustment is based on a multi-chain deployment assessment mechanism.

Gate News update, April 3, Carson Group’s Chief Macroeconomic Strategist Sonu Varghese said that the latest labor data show that the economy’s new job growth is sufficient to keep pace with population growth. He noted that this will put the Federal Reserve in a more complicated position, making rate cuts pointless—especially given the size of the inflation shock that’s coming. He added that the inflation problem already existed before the Middle East crisis that sent energy prices soaring, and in the end, it appears that the rate cuts implemented last year were a mistake.

Gate News message. On April 3, local time on April 3, it was learned that recently three large commercial vessels operated by Oman have successfully passed through the Strait of Hormuz. The convoy consists of two ultra-large oil tankers and one liquefied natural gas carrier. According to relevant tracking data, the three vessels have arrived off the coast of Muscat, Oman, and completed entry into port. The data show that the two tankers are each loaded with approximately 2 million barrels of crude oil, while the liquefied natural gas carrier is empty. All three vessels are managed by an Omani shipping management company, but the company has not yet commented on the matter.

Gate News update, April 3, Hyperbot data shows that Brother MaJi opened a 40x-leverage BTC long position 4 hours ago (position size: 11 BTC) and a 10x-leverage HYPE long position (position size: 10k HYPE). In addition, he also holds a 25x-leverage ETH long position (position size: 7,171 ETH). Currently, the total position value is $10k, with an unrealized loss of about $196k.

Gate News message. On April 3, according to multiple sources, Iran shot down a U.S. F-15 fighter jet on Friday (April 2). A search and rescue operation is currently underway to locate two crew members. This is the first time a U.S. jet fighter has been shot down by enemy fire since the start of the Iran war. On Friday, Iran’s state media released images and videos of part of the wreckage of the purportedly crashed aircraft and one of the ejection seats; the photos and videos show that it is an F-15 fighter jet. The U.S. military and the White House have not yet responded to the matter.

Gate News message, on April 3, after the Non-Farm Payrolls data was released, the U.S. Dollar Index DXY (a measure of the dollar’s strength versus a basket of currencies) surged sharply in the short term, topping out at 100.1. Non-U.S. currencies generally fell; EUR/USD and GBP/USD both dropped nearly 30 points in the short term.

Gate News update: On April 3, the U.S. reported that March’s unemployment rate was 4.3%, below market expectations of 4.4%, down slightly from last month’s 4.4%.

Gate News message, on April 3, edgeX released an announcement stating that it has permanently destroyed 2.52837 million EDGE tokens. The announcement stated that the burning of EDGE tokens obtained from the buyback has officially been initiated; going forward, it will permanently destroy the tokens obtained from the buyback once every 24 hours.

Gate News message, on April 3, market pricing shows that bets on the Federal Reserve cutting rates in 2026 have eased.

Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.

Gate News update: On April 3, according to CME's “FedWatch” data, ahead of the nonfarm payrolls release, the probability that the Federal Reserve will raise rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%. The probability that the Federal Reserve will cut rates by a cumulative 25 basis points by June is 7.8%, the probability of keeping rates unchanged is 91.7%, and the probability of raising rates by a cumulative 25 basis points is 0.5%.

Gate News message. On April 3, Hyperliquid announced that after the next network upgrade, users whose trading account assets exceed $10k will be able to enable Portfolio Margin without any trading volume requirements. After depositing funds, new users can immediately use this mode to trade. Meanwhile, accounts whose weighted trading volume in the main account reaches $5 million can still enable Portfolio Margin, and this rule remains unchanged.

The latest report from the Cardano Foundation shows that its asset structure is shifting from reliance on ADA toward more diversified allocations. By the end of 2025, the ADA share is expected to fall to 51.6%, while the Bitcoin share increases to 25.5%. Total assets amount to CHF 287.5 million, down by about 45% compared with the end of 2024. The reserve system will move from a single token to a more diversified configuration.

Gate News message, on April 3, Hyperliquid co-founder Jeff posted an announcement on the community platform, stating that the result trading from the binary markets testnet has been included in the mainnet-level bug bounty program. The announcement notes that the current scope of the bug bounty does not include multi-outcome markets. In addition, while users are welcome to provide feedback on the frontend, frontend-related issues are not within the reward scope of the bug bounty program.

Gate News message: On April 3, U.S. President Trump said that with a little more time, he could easily open the Strait of Hormuz to obtain oil and make huge wealth.