Gate Crypto Flash News and Market Updates

The Ethereum price is trading in a range near $2,055, facing the risk of a technical pullback. Although a whale has increased its holdings, price momentum is weakening. Investors should watch the key support level at $2,024 and potential market pressure, which could lead to further downside. Investors should carefully evaluate the potential impact.

The People Power Party of South Korea has introduced a new bill, calling for the repeal of the cryptocurrency trading tax that is set to take effect in 2027, aiming to win support from younger voters and affect the value of votes. Analysts believe it may simply be a political strategy, and the actual impact is unclear; in the future, the bill could be postponed or amended again.

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a surge in daily trading volume, making it the leader in U.S. spot trading volume. Although there has been overall ETF fund outflow, IBIT’s trading activity indicates that institutional investors are paying closer attention to the crypto market, reflecting intensifying competition between traditional finance and digital assets. In the future, Bitcoin prices and economic signals will influence ETF fund flows.

After Naoris Protocol goes live on the quantum blockchain mainnet, it uses NIST-approved post-quantum cryptography technology to ensure protection against quantum computers cracking mainstream blockchains. Users need to migrate their assets to receive quantum-safe security assurances, while Bitcoin and Ethereum developers are also exploring solutions to resist quantum attacks.

The International Monetary Fund (IMF) report warns that tokenized finance poses four major risks, including exacerbating market fragmentation, increasing financial stability risks, conflicts in cross-border settlement, and challenges for emerging economies. The IMF recommends implementing policies such as secure money anchoring and unified regulation to address these risks, and notes that the tokenized finance market is growing rapidly.

This week, Nakamoto Holdings sold part of its Bitcoin to maintain operations, drawing market attention. Analysts noted that digital asset management companies that rely on asset accumulation face pressure, while Japan’s Metaplanet continues to steadily increase its Bitcoin holdings, showing a firm buying strategy. Market developments still need to be monitored regarding the company’s operations and capital allocation.

Gate News update: On April 3, according to Onchain Lens monitoring, a whale deposited 689.34 BTC into a certain CEX, worth approximately $46.17 million.

A lawsuit involving SpaceX shares could have a major impact on how proceeds from its upcoming IPO are distributed. The dispute stems from a collaboration between Trellis Software and ClearList Holdings; Trellis alleges that ClearList attempted to dilute its stake, while ClearList counters that Trellis failed to deliver the software. The case’s progress will affect private equity funding worth billions of dollars and has sparked attention to protections for shareholders and market rules.

Trump family crypto project WLFI was rated “D” by new rating agency CORE3, making it a high-risk investment. CORE3 provides public, transparent risk assessments by analyzing the likelihood of capital losses, pointing out that WLFI faces multiple risks, including a lack of monitoring and security measures. This rating has drawn investors’ attention and may affect market decisions.

GoPlus announced on April 3 that SafuSkill would launch the Launchpad feature, aiming to build the underlying infrastructure for issuing AI Skills and generating revenue. This feature integrates the marketplace, a token launchpad, and a rewards system. It supports developers in issuing Skill tokens and connecting them to liquidity pools, providing security safeguards and enabling reward withdrawals. SafuSkill is intended to help AI Skills shift toward asset-like characteristics and to promote the growth of the Skill Economy ecosystem.

South Korean police disclosed that some criminal groups use USDT to provide retaliatory attack services. Victims can pay in cryptocurrency to hire others to carry out retaliation, which has led to multiple cases. Police say it is difficult to track down the perpetrators. Experts warn that such services may spread as Web3 technology grows, and they call for increased cybersecurity awareness.

Google DeepMind researchers, in a report titled “The AI Agent Trap,” warn that an open internet environment could be used to manipulate autonomous AI agents. The report identifies six main risks, including content injection traps and behavior control traps, and recommends addressing them with measures such as adversarial training and behavioral monitoring, urging the industry to strengthen AI safety safeguards.

Algorand (ALGO) price surged 23% within 24 hours, mainly driven by Google’s quantum AI whitepaper, with Algorand cited multiple times. The 24-hour trading volume jumped 429%, drawing institutional investors’ attention. The ALGO price rebounded to $0.1052, still below its all-time high, so the market needs to closely watch the subsequent trend.

Pi Network rolls out a security update, requiring Pioneers to enable two-factor authentication (2FA) to protect users’ account and wallet security and prevent loss of funds during the mainnet migration. This move addresses ongoing scam threats and ensures that sensitive actions are approved only by the account owner. At the same time, node operators have upgraded to protocol 21.2 to improve system performance. Users must complete the mainnet migration step by step to safeguard their assets.

The U.S. March unemployment rate and nonfarm payroll employment figures will be released on April 3 at 20:30. Forecasts from various institutions differ: expectations for nonfarm payrolls range from -25k to 80k, reflecting different views in the market on the state of the economy.

Gate News update: April 3, according to monitoring by BitcoinTreasuries.NET, the preferred shares STRC issued by Strategy are expected to raise enough this week to buy 4,535 Bitcoins.

Park Wang-yeol was referred to prosecutors over allegations of large-scale drug trafficking from the Philippines. During the period from November 2019 to July 2024, he was involved in smuggling illegal drugs, generating illegal proceeds totaling 6.8 billion won and bringing the total crime scale to 13.1 billion won. Police will pursue his concealed funds and records of Bitcoin transactions.

Gate News message: On April 3, the decentralized derivatives trading platform ApeX Protocol completed the distribution of March deposit and trading activity rewards, and the next round of activities is about to begin.

Gate News announcement: April 3, according to blockchain data analytics platform Arkham, the Ethereum Foundation has again staked approximately $46.64 million worth of ETH. As of now, the Ethereum Foundation’s total amount staked cumulatively has reached $96.59 million.

Recently, rumors that the world’s longest-living tortoise, Jonathan, had died were confirmed to be a cryptocurrency scam. A forged veterinarian account was intended to lure investors. The incident caused Meme coin prices themed around Jonathan to surge and then quickly fall, exposing the crypto market’s sensitivity to false information and reminding investors to verify the source of information carefully.