Gate Crypto Flash News and Market Updates

Covenant AI announced that it is exiting the Bittensor network, questioning the authenticity of its decentralized governance structure and believing that decision-making power is centralized and lacks transparency. In recent subnet operations, it encountered improper behavior such as adjustments to management privileges. It believes this is inconsistent with the principles of decentralization. Covenant AI will continue to push forward in the direction of decentralized AI training.

Polymarket’s odds prediction for Taylor Swift’s wedding have fallen to 19%, down 45% within 24 hours. The latest reports indicate the wedding will take place on July 3 in New York, rather than the June 13 date previously rumored.

April 10, gold and silver prices fell slightly, trading at $4,758.37 per ounce and $75.165 per ounce, respectively. The Bitcoin Volatility Index (BVIX) dropped to 44.36, and in the foreign exchange market, the U.S. dollar rose against the offshore yuan and the Japanese yen. Major European stock indexes generally declined, while WTI and Brent crude oil rose slightly. The Gate platform supports trading a variety of financial market products.

Gate News, April 10, OpenAI announced it will launch a monthly $100 ChatGPT Pro subscription tier. Compared with the Plus version, the Pro tier offers a higher Codex usage allowance and is intended for high-intensity, code-related scenarios. At the same time, the official said that during a limited-time promotion (through May 31), Pro users’ Codex usage will be further increased to about 10 times that of the Plus version.

Changpeng Zhao said in an interview that advances in quantum computing technology could threaten the security of existing cryptocurrencies, and that Bitcoin may need to adopt post-quantum encryption technology through a fork upgrade. He emphasized that the emergence of new encryption algorithms will help address the challenges posed by quantum computing.

SpaceX will face nearly $5 billion in losses in 2025, mainly due to increased investment in AI infrastructure and computing power. While high capital expenditures may weigh on profits in the short term, core businesses such as Starlink continue to grow.

Galaxy Digital releases its annual financial report, with a full-year net loss of approximately $241 million, but an adjusted EBITDA of $216 million, indicating core operating profit. The gross profit from its digital asset business is approximately $505 million. After the earnings report was released, the company’s stock price rose by more than 11%.

AlphaTON Capital announces a collaboration with Vertical Data Inc. to raise $43 million to expand AI compute infrastructure, with an expected completion in 2026. The funding will deploy NVIDIA B300 GPUs, driving the convergence of AI, digital assets, and confidential computing, and will focus on investing in Cocoon, the decentralized AI platform under Telegram.

AI sentiment monitoring platform PeakMetrics announced it has completed a $6.0 million Series A round, bringing its total funding to $16.3 million. The platform aims to help businesses identify reputational risk stemming from social media and AI-generated content. It is expected that by 2026, 90% of internet content will be synthetic, presenting new challenges for corporate reputation management. AI-driven change is pushing updates to PR and brand risk management tools and increasing demand for funding.

The U.S. Department of the Treasury announced that it will open a cybersecurity threat information sharing service to encrypted businesses, and qualifying companies can apply to receive cybersecurity intelligence for free to build a safer digital asset ecosystem.

As of April 10, the U.S. XRP spot ETF saw a total net outflow of $661.2k on April 9, mainly caused by the 21Shares XRP ETF. The product’s historical total net inflow is -$25.8450 million. Its current total net asset value is $955 million, and its historical cumulative net inflow totals $661.2k.

Gate News, April 10, Polymarket prediction market data shows the probability of "OneFootball Club surpasses a $50 million FDV market cap after one day of opening" falling to 14%, with a 24-hour decline of 51%. Late yesterday afternoon (April 9), OneFootball Club announced on the X platform that its token OFC has officially gone live, with a current market cap of $45 million.

Gate News message, on April 10, RAVE briefly pumped and broke above $1.24, then dropped back to $1.04, with an intraday gain of more than 240%.

WLFI’s official response to market concerns says there is no liquidation risk, and that it relies on adding collateral to handle market volatility. Current annualized revenue is about $159.5 million, and it is set to buy back 435 million WLFI tokens. Next week, it will put forward a governance proposal to discuss unlocking early locked tokens and upgrading the USD1 feature.

Gate News message, Grayscale has staked 83,200 ETH valued at $183.97 million two hours ago. The staking operation represents a significant move by the digital asset management firm in the Ethereum network.

The White House warns staff not to use their positions to bet in prediction markets, especially by engaging in unusual trading activity before policies suddenly change. Accounts that have already profited more than $600k through prediction have drawn criticism, and critics suspect that someone used insider information to profit. The White House confirmed the authenticity of the warning.

Russian President Putin announced a 32-hour Easter ceasefire from April 11 at 16:00 to April 12 at 24:00, and called on Ukraine to follow suit. Ukrainian President Zelensky said he is ready to take reciprocal measures. Both sides expressed consistent views on this ceasefire window, but whether it can be implemented remains to be seen.

April 10, as European and Asian refineries competed for oil purchases, the price of North Sea crude surged to a record high. The spot price of Brent North Sea Forties crude was near $147 per barrel, exceeding the peak before the 2008 financial crisis, indicating signs of a shortage in the oil market.

U.S. stocks rose across the board on Thursday. The Dow rose 0.58%, the S&P 500 rose 0.6%, and the Nasdaq rose 0.8%. Tech stocks were broadly higher, with Amazon up more than 5%. The Nasdaq China Golden Dragon Index fell 1.3%, while NIO and Baidu fell more than 4.5%. Crypto-related stocks showed mixed performance.

On April 9, multiple energy infrastructure sites across Saudi Arabia were attacked, severely disrupting oil production and exports, with daily output reduced by about 1 million barrels. Several refineries were affected, lowering their capacity to export refined products. In addition, a fire at the Jaimah processing facilities disrupted LPG and LNG exports. The Ministry of Energy confirmed that one industrial security personnel has died, and some facilities have suspended operations.