Gate Insights and Crypto Market Analysis

The Federal Reserve held interest rates steady for the third consecutive time, with a rare 8-4 split vote highlighting internal disagreements. Powell is stepping down as chair but remaining as a governor; this article analyzes his deeper impact on the crypto market.

According to SoSoValue data, on April 27, U.S. spot Bitcoin ETFs recorded a net outflow of $263 million in total, ending the prior streak of nine consecutive trading days of net inflows. Last week, the funds collectively absorbed about $767 million. On that day, iShares Bitcoin Trust (IBIT) under BlackRock saw net inflows of zero, as Bitcoin continued to trade below $80,000.

According to Hyperliquid’s official documentation update on April 30, the Hyperliquid team has clearly set out the fee logic for HIP-4 outcome tokens in the documents: the core rule is that outcome token trading only incurs fees when positions are closed or settled, and no fees are charged when opening positions; the fee formula is now disclosed to developers. In March, Hyperliquid announced the HIP-4 launch testnet.

According to BBC’s report on April 30, researchers at the Oxford Internet Institute (OII) analyzed more than 400k responses from 5 artificial intelligence systems that were “fine-tuned” to be friendlier, warmer, and more empathetic when interacting with users. The study found that the probability of incorrect responses from the friendly-trained models rose by an average of 7.43 percentage points, and the likelihood of reinforcing users’ incorrect beliefs was about 40% higher than in the unadjusted original models.

According to GoPlus’ technical analysis of the attack incident released on April 30 and an official statement from Aftermath Finance, the Sui-chain perpetual contract platform Aftermath Finance was attacked on April 29, suffering losses of more than $1.14 million. With support from Mysten Labs and the Sui Foundation, the project announced that all users will receive full compensation.

Ripple Prime and Bullish (NYSE: BLSH) announced on April 29 that they are expanding their integration. Ripple Prime customers can now trade Bitcoin (BTC) options directly on the Bullish platform through their existing sub-accounts, and options trading is supported using Ripple USD (RLUSD).

According to a report from The Wall Street Journal (WSJ) on April 30, Amazon is internally discussing restarting the reality competition show The Apprentice, which was previously hosted by U.S. President Donald Trump, with a potential streaming platform being its Prime Video service; if the show is approved, consideration is being given to having Donald Trump Jr., the president’s eldest son, serve as host.

According to the financial reports released by each company, Amazon, Meta, Microsoft, and Alphabet released their Q1 2026 earnings on April 30 (Wednesday), and all beat Wall Street analysts’ expectations. Cloud computing is the main growth driver for each company; however, on the same day, Meta also announced an increase to its full-year 2026 capital expenditure forecast, and its stock fell by about 6% in after-hours trading.

According to data published by on-chain monitoring platform Lookonchain on April 30, crypto trader Huang Licheng (@machibigbrother) turned from profit to loss over the past week, with losses of about $3.29 million. Lookonchain data shows that Huang Licheng currently holds 8,500 ETH and 152 BTC on the decentralized perpetual contracts platform Hyperliquid.

According to CoinDesk, on April 30, U.S. Republican Sen. Thom Tillis told reporters on Wednesday that the CLARITY Act is ready to be scheduled for a hearing in the Senate Banking Committee. CoinDesk also reported that, ahead of the midterm elections, the Senate’s agenda has only about 11 weeks left.

According to on-chain analytics firm Bubblemaps, on April 29 the Solana wallet address AuKRRB…L7sN bought in near the peak during the early launch of the Scam Altman token (ticker: SCAM), losing approximately $150k; within 24 hours, SCAM’s market cap shrank by about 88%, and the drop from the buy to the sell from that wallet was about 95%.

According to an official statement released on April 29 by Tether’s independent investment firm, Tether Investments, the proposal is to promote Twenty-One Capital (XXI) to complete two mergers in phases. As stated in the announcement, if the two transactions are completed, the merged entity will integrate Bitcoin fund management, mining, financial services, lending, and capital markets business, becoming the world’s leading listed Bitcoin comprehensive platform.

On April 30, DeFi unified platform Legend announced that it has completed a $3.5 million seed round, led by Electric Capital, with GSR also participating. This brings Legend’s total funding to over $5 million. According to Legend’s announcement, the platform launched a public Alpha test version three weeks ago, and its cumulative trading volume has already exceeded $80 million.

According to analysis published on X by cryptocurrency research firm Delphi Digital on April 30, backtest results since holding since May 2016 show that after accounting for staking rewards, ETH and SOL have had no negative returns across all five-year holding periods; in the worst case, BTC has lost about 13%. BTC’s five-year median return is more than 8x, and ETH’s five-year median return is close to 13x.

Bitcoin (BTC) makes a modest bounce back, trading around $76,390 as of April 30. Meta, with support from Stripe, has started offering stablecoin payments to some creators. Celsius founder Alex Mashinsky reached a $10 million settlement agreement with the U.S. Federal Trade Commission (FTC), and is permanently barred from working in the cryptocurrency industry.

Liquidity is rotating selectively into both DeFi and infrastructure tokens. Meme assets show higher volatility compared to utility-driven protocols. Market conditions resemble early-stage accumulation before potential expansion phases. Market participants are observing renewed accumulati

According to the post-incident briefing released after the SWEAT protocol attack, the user funds that were stolen in the vulnerability incident that occurred on Wednesday have been fully restored, and the protocol operations have returned to normal. Crypto security company Blockaid estimates that the attacker stole approximately 13.71 billion SWEAT tokens; the SWEAT team quickly paused the token contract, and coordinated with exchanges and the liquidity provider Rhea Finance, ultimately restoring all users’ account balances.

According to the official governance page for World Liberty Financial (WLFI), a decentralized finance project supported by the Trump family, which was published on April 30, the team has officially kicked off voting on a token unlock governance proposal, involving approximately 62.28 billion WLFI tokens. The voting period is 7 days, and the quorum threshold is 1 billion WLFI tokens.

On April 30, Bitcoin once dipped to around $75,000, then rebounded slightly. On April 29, the Federal Open Market Committee (FOMC), with a vote of 8 to 4, decided to keep the target range for the federal funds rate at 3.5% to 3.75%, marking the first time since October 1992 that four committee members cast dissenting votes. Analysts say the main drivers of this volatility were the split in voting and the tone of the statement.

Ripple Prime clients gained direct BTC options access through Bullish on April 29, expanding institutional derivatives trading. The rollout enables RLUSD use in options trading and connects clients to one of the largest regulated BTC options markets by open interest. Key Takeaways: Ripple Prime c