Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Gate Daily Report (April 3): Bitcoin miner MARA lays off 15%; North Korea is accused of attacking Drift to profit 286 million

Bitcoin (BTC) gives back this week’s gains, temporarily trading at around $66,780 on April 3. Bitcoin miner MARA cut 15% of its workforce, shifting its strategy toward energy and digital infrastructure. Blockchain analytics firm Elliptic says North Korean hackers may exploit a vulnerability in the Drift Protocol to profit $286 million.
BTC0.02%
DRIFT0.63%
SOL-0.22%
HYPE-3.03%
MarketWhisper·04-03 01:35
Gate Daily Report (April 3): Bitcoin miner MARA lays off 15%; North Korea is accused of attacking Drift to profit 286 million

Big Tech firms back new x402 Foundation to advance agentic AI adoption

Google, Microsoft and Amazon Web Services are among the Big Tech firms named as founding members of the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat rails.  The x402 Foundation was launched on Thursday by the
Cointelegraph·04-03 01:33
Big Tech firms back new x402 Foundation to advance agentic AI adoption

Trump appoints acting Attorney General who holds BTC, raising ethical questions about crypto enforcement policy

The President of the United States, Donald Trump, appointed Deputy Attorney General Todd Blanche as Acting Attorney General, and dissolved the National Cryptocurrency Enforcement Team, issuing a memorandum to halt regulatory enforcement against the crypto industry. When Blanche signed this memorandum, he still held crypto assets, which allegedly violated ethical standards and sparked legal disputes; whether transferring his assets into his family’s name can eliminate the conflict of interest remains controversial.
BTC0.02%
ETH0.42%
SOL-0.22%
ADA-0.82%
MarketWhisper·04-03 01:16
Trump appoints acting Attorney General who holds BTC, raising ethical questions about crypto enforcement policy

CFTC sues in 3 states to reclaim jurisdiction over prediction markets, as a U.S. conflict landscape begins to take shape

The Trump administration has recently intervened in a lawsuit involving the CFTC and the regulators of gambling in three states, challenging the states’ authority to regulate prediction markets. The CFTC argues that, under the Commodity Exchange Act, it has exclusive jurisdiction over these markets, and accuses the states of overstepping their authority in an attempt to change the nature of the wagering event contracts. This lawsuit reflects regulatory actions by 11 states regarding prediction markets, each facing different legal challenges. If a federal court sides with the CFTC, it will help provide legal protection for prediction markets; otherwise, it will increase operational uncertainty.
MarketWhisper·04-03 01:11
CFTC sues in 3 states to reclaim jurisdiction over prediction markets, as a U.S. conflict landscape begins to take shape

Why is Bitcoin down today? Trump’s “Stone Age” comments trigger a $440 million liquidation

Trump, in a speech on April 2, warned Iran, causing market risk sentiment to contract sharply; Bitcoin fell by about 4%, hitting a low of $65,789. Rising oil prices and a strengthening dollar index intensified macro pressure, further impacting the market. From a technical perspective, Bitcoin may face a key support level at $64,000.
ETH0.42%
XRP-0.43%
MarketWhisper·04-03 01:00
Why is Bitcoin down today? Trump’s “Stone Age” comments trigger a $440 million liquidation