Gate Crypto Flash News and Market Updates

A major cryptocurrency exchange’s market value has fallen by more than 50%, it has laid off 30% of its staff, and it is considering asking the founders to forgive several hundred million dollars in loans. It lost $585 million last year, plans to exit multiple markets, and senior executives have stepped down. The Winklevoss brothers have not yet said whether they support the proposal.

According to The Wall Street Journal, there are still several thousand ballistic missiles in Iran’s armaments stockpile, and damaged launchers can be repaired or retrieved from underground. Although the missile arsenal was cut in half during the conflict, Iran still has short-range and medium-range missile capabilities. If negotiations between the U.S. and Iran fail, they could be used to attack U.S. forces and maritime targets.

Multiple senior core executives at OpenAI’s Stargate data center have left the company, signaling a major strategic shift in the company’s AI infrastructure rollout. The project faces issues related to funding, partnerships, and geopolitical risks, and OpenAI is re-evaluating its compute infrastructure build-out strategy.

WLFI repaid 25 million USD1 loans on Dolomite, restoring liquidity to $35 million, with a deposit interest rate of 10.43%. Currently, WLFI still has $162 million in outstanding borrowings, with collateral of 4.99 billion WLFI tokens.

Gate News message. On April 11, according to Lookonchain monitoring, within the past 12 hours, a wallet associated with Cumberland (address 0x091...336) withdrew 26.5k ETH worth $59.52 million from multiple CEXs.

OpenAI CEO Sam Altman responds to the Molotov cocktail attack, admits he underestimated the societal impact of AI-related anxiety, calls for democratizing technology, and acknowledges mistakes in corporate governance, reiterating his refusal to comply with Elon Musk’s demands for control of OpenAI to ensure the company develops independently.

Gate News message, April 11, Tesla’s FSD driver-assistance software received regulatory approval in the Netherlands, becoming the first EU country to approve the software for on-road use. Tesla said it hopes other EU member states will take similar action. Widespread adoption of FSD is at the core of Tesla’s growth strategy. A large portion of the company’s current valuation of roughly $1 trillion depends on Musk’s bet that AI-driven self-driving software and robotaxi services will become the company’s primary revenue sources in the future.

OpenAI issued a security advisory on April 11 confirming that it identified a security issue involving the third-party library Axios, but found no evidence that user data was accessed. To ensure security, the company requires all macOS users to update to the latest version to prevent the risk of forged applications.

Anthropic’s AI product Claude recently rolled out a Word document plugin in beta, supporting drafting, editing, and revisions while automatically preserving the original formatting. The plugin can share context with Excel and PowerPoint, enabling cross-document collaboration. At this stage, it is only available to Team and Enterprise users.

Gate News message, a whale holding a 50,000 $ETH long position with 20x leverage, valued at $111.9M, currently has a floating profit exceeding $11.29M as the market rises.

Gate News message, April 11, listed crypto wallet provider Exodus launched a new feature called Exodus Pay, aiming to turn its self-custody storage app into an everyday payments tool. The feature allows users to make payments with cryptocurrency. Currently, Exodus Pay is only available to users in five U.S. states, including New York and California.

Gate News message, April 11, Bloomberg ETF analyst Eric Balchunas revealed that Bitwise has once again updated its Hyperliquid ETF application documents. The trading ticker is set to BHYP, and the management fee is 67 basis points (0.67%). Eric Balchunas said this move typically means the ETF will be formally launched soon.

On April 11, DefiLlama data shows that crypto startups raised $76.0 million in funding this week, bringing 2026’s total to nearly $500 million. Major deals include Pharos’s $44.0 million Series A round, Oh’s $7.5 million Series A round, and Kulipa’s $6.2 million seed round, covering blockchain, Web3 AI, and crypto wallet services.

Gate News update, April 11, according to Arkham data, about 8 hours ago the U.S. government address transferred a total of approximately 2.438 BTC to a certain CEX address in two transactions, of 0.46 BTC and 1.979 BTC, respectively. The related funds belong to the Bitcoin that was previously seized by law enforcement from Glenn Olivio.

Gate News update: On April 11, according to monitoring by Onchain Lens, a newly created wallet withdrew 600.5k TRUMP tokens from a CEX, worth $1.72 million, and may be used to attend a Trump dinner hosted on April 25. However, this whale was unable to obtain an invitation, because eligibility is determined by a time-weighted points system based on the period from March 12 to April 10.

On April 10, the XRP spot ETF saw a net inflow of $9.0939 million in a single day. Of this, the Bitwise XRP ETF recorded a net inflow of $7.6149 million, and the Franklin XRP ETF recorded a net inflow of $1.4790 million. Total net asset value was $968 million, and the historical cumulative net inflow has reached $1.22B.

Gate News update: On April 11, Strategy (formerly MicroStrategy) led by Michael Saylor purchased 3,468 BTC early this morning through its perpetual preferred stock STRC（Stretch）.

U.S. Vice President Vance will arrive in Islamabad on Saturday to hold talks with Iranian officials, aiming to end the war through negotiations. Iran views Vance as the most anti-war figure in Trump’s inner circle and hopes he can use good faith to help move the agreement toward completion.

Gate News message. On April 11, the U.S. Department of Energy announced that it will lend 8.5 million barrels of crude oil from the Strategic Petroleum Reserve to four companies. Companies that will borrow crude oil from the U.S. Strategic Petroleum Reserve include Macquarie and Phillips 66.