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📢 Gate Square Daily | April 21
1️⃣ Geopolitical Situation:
Polymarket estimates that the probability of the “Strait of Hormuz returning to normal before May 31” has increased to 68%, up 9% over the past 24 hours.
2️⃣ Market Trends:
Bitcoin (BTC) is up around 2.4% in the last 24 hours. Ethereum (ETH), XRP, SOL, and other major altcoins are also showing strong upward momentum.
3️⃣ Crypto Regulation:
The U.S. crypto market structure legislation has been delayed. The Senate Banking Committee is unlikely to hold its April review session.
4️⃣ Security Incidents:
Following the Kelp hack, ripple effects have continued across the DeFi sector. Aave’s total value locked (TVL) has dropped by $8 billion, with bad debt estimated at around $195 million, triggering significant withdrawal activity.
5️⃣ Platform Updates:
Gate Pre-IPOs’ first launch, SpaceX ($SPCX), has surpassed the $300 million subscription milestone.