Gate Insights and Crypto Market Analysis

A Bank of America report says that prediction markets are expected to see trading volume grow this week, with Kalshi growing 6% under CFTC regulation and accounting for 89% market share. By contrast, Polymarket saw its trading volume fall 16% due to compliance restrictions. Legal disputes between the CFTC and various states will affect the future direction of prediction markets and may reshape the market’s competitive landscape. Major exchanges such as Coinbase and Binance are accelerating entry into this space, further driving prediction markets to become a mainstream financial product.

Ethereum’s on-chain stablecoin activity surged to a record level, with the combined value of stablecoins on the network reaching $180 billion, according to blockchain analytics firm Token Terminal. The figure positions Ethereum as the dominant home for stablecoins, representing roughly 60% of the

Bitcoin dominance easing is encouraging early monitoring activity around memecoins, historically known for fast sentiment-driven rebounds. DOGE and SHIB continue attracting stronger liquidity tracking compared with newer speculative tokens.  PIPPIN, TOSHI, and REKT are being considered fo

SHIB price rose 2.37% while futures activity and trader participation declined. Traders reduced exposure as outflows exceeded inflows across SHIB derivatives markets. Wallet growth hit record levels, signaling strong long-term holder confidence. Shiba Inu posted a modest price increase a

Circle Internet Group（CRCL）stock price fell 9.9%, and Compass Point cut its rating to “Sell,” with a target price of $77, reflecting regulatory risk and the impact of market sentiment. At the same time, a hacking incident involving Drift Protocol triggered a collective lawsuit investigation, indirectly affecting CRCL’s stock price. Market awareness of DeFi risks has increased, and with stablecoin legislation stalled, Circle faces greater structural pressure.

Covenant AI announced on April 10 that it was withdrawing from the Bittensor network, accusing key figure Jacob Steeves of betraying the promise of decentralization and citing multiple suppression actions. Covenant AI emphasized that the apparent decentralized governance of Bittensor is actually controlled by a single person, creating a “decentralization theater.” The team’s decentralized LLM pretraining project, Covenant-72B, has significant influence in the industry; this withdrawal is seen as a proactive choice rather than a failure.

Bitmine Immersion Technologies completes its uplisting from the U.S. board of the New York Stock Exchange (NYSE) to the NYSE, keeping its stock ticker unchanged, and announces that it will expand its share repurchase plan to $4 billion. The uplisting shows that it meets the rigorous standards of the NYSE main board and can attract more institutional investors. The share repurchase plan reflects the company’s commitment to its shareholders and is intended to boost its stock price.

An independent Bitcoin miner using 70 TH/s successfully mined the 944,306th block in April, earning a reward of about $222,012. Although the success rate is extremely low, this event demonstrates the decentralized spirit of the Bitcoin network—any miner has a chance to mine a block. However, according to statistics, last year solo miners mined only 22 blocks, showing the real-world challenges and hardships involved.

Scott Bessent has stepped into the crypto debate with a strong message. He says the Digital Asset Market Clarity Act is not just about finance. Instead, he calls it a matter of national security. In a recent opinion piece published by The Wall Street Journal, Bessent urged lawmakers to act fast. He

FIO Protocol has plunged 17.66% in 60 minutes amid broader cryptocurrency sell-offs, now trading at $0.005178. Increased trading volume and market dynamics suggest cautious sentiment among traders as they reassess positions.

Research shows that multiple reputable AI benchmark tests have security vulnerabilities that can be systematically exploited to achieve high scores. The research team revealed structural flaws and developed the WEASEL scanning tool to identify and patch these vulnerabilities. They noted that improper evaluation design may distort results and affect the assessment of an AI’s real capabilities.

Lightning Labs’ Chief Technology Officer, Olaoluwa Osuntokun, proposed a quantum-resistant wallet prototype that addresses a signature scheme vulnerability in the Bitcoin Quantum Defense Initiative. The prototype uses zero-knowledge proofs to let users prove wallet ownership without having to disclose their seed, preventing funds from being locked due to an “emergency brake.” Although the prototype works as intended, there is still a way to go before any formal deployment, and the community has differing views on the assessment of quantum threats.

_Canary Capital files for a PEPE ETF with the SEC, aiming to bring memecoins to Wall Street while facing strong regulatory challenges._ Canary Capital has made a bold move in the crypto market. The company has suggested a new PEPE exchange-traded fund. This fund will be tracking the spot price of t

AlphaTON Capital announced plans to raise $43.0 million through a transaction with Vertical Data Inc. to support its AI infrastructure operations, with a focus on deploying NVIDIA B300 GPUs to enhance the computing power of the Cocoon AI platform. This move is part of the company’s transition from biotechnology to encrypted AI infrastructure, aiming to achieve data privacy protection and deep integration of AI with digital assets.

CryptoQuant research indicates that after the ceasefire agreement, the price rise in Bitcoin and Ethereum was driven by new longs establishing positions, not by short liquidations. The open interest in BTC and ETH perpetual futures increased by $2.1 billion and $2.2 billion, respectively. Renewed institutional buying in the U.S. brought the Coinbase premium back into positive territory. Bitcoin broke above $69,400, targeting $79,000.

The crypto market continues to evolve with new narratives shaping investor interest. One major trend now dominates attention, the rapid rise of tokenized real world assets. The latest data confirms this shift with strong numbers from BNB Chain. Tokenized RWA growth on BNB Chain reached a new peak of

Pi Network released version 21 on April 9. The key update is that the testnet RPC has officially gone live, providing developers with a secure environment to test smart contracts and DApps. Next, smart contracts are expected to be deployed within two months, enabling Pi幣 to transition from a community token into a functional digital asset and to support DeFi applications and automated workflows, while also advancing the KYC migration to ensure compliance.