Gate Crypto Flash News and Market Updates

Gate News message, April 5, on-chain data shows that an address deposited 1,856 ETH into a certain CEX about 45 minutes ago, worth approximately $3.78 million. The address has held ETH for two months, including 1,450 ETH that was withdrawn from an exchange on January 18 when the price was $3,339.38. If sold, it would incur a loss of $1.89 million, with assets shrinking by 39%.

On April 5, Glassnode data showed that in the first quarter, the “sharks” holding 100–1,000 BTC and the “giant whales” holding 1,000–10,000 BTC together incurred losses of about $337 million, with total losses of $30.9 billion year to date. Long-term holders are losing about $200 million per day on average, and the market expects Bitcoin’s potential bottom range to be between $40k and $50k.

A court in Qinzhou District, Tianshui City, Gansu Province, is trying a virtual-currency money-laundering case. The defendant used a part-time “high-paying errands” job to withdraw more than 390k yuan and, with knowledge of what was going on, exchange it for virtual currency, earning a profit of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him. The judge reminded the public to stay alert to related activities in order to prevent them from fueling crime.

Hong Kong Special Administrative Region Government Financial Secretary Paul Chan said that in March, the average daily trading value of the Hong Kong stock market exceeded HK$300 billion, up 8% year over year. This year, funds raised through IPOs have already exceeded HK$103 billion, the world’s No. 1, and companies collectively view Hong Kong as an important window for financing and for “going global.”

VanEck research chief Matthew Sigel noted that protective demand in the Bitcoin derivatives market has reached a historical high, suggesting the market may be suitable for establishing long positions. At the same time, he warned that high spending in the AI sector without returns could put pressure on the market.

Gate News message, on April 5, Tether is pushing investors to participate in a new round of financing at an estimated valuation of about $500 billion. If market demand does not meet expectations, the financing process may be delayed. It is reported that the company has been exploring financing plans since last year, but some investors are cautious about this valuation. If the financing is successful, Tether’s scale will exceed most U.S. banks, second only to JPMorgan Chase. Previously, Tether discussed raising about $15 billion to $20 billion through private placements, but those plans remain uncertain.

Gate News message: On April 5, according to Arkham monitoring, the investment firm Dragonfly transferred $2.12 million worth of MNT to a certain CEX. This is the first time in two months that it has moved funds out from a known crypto wallet, and it is also the largest position transfer out besides BGB. Currently, Dragonfly holds BGB worth $107.29 million and other cryptocurrencies worth $1.92 million.

Gate News message: On April 5, according to on-chain analyst Onchain Lens monitoring, a newly created wallet address received 40,000 ETH from FalconX, worth approximately $82.12 million. The wallet is suspected to belong to a certain CEX.

Indian AI startup Sarvam AI is nearing completion of a funding round of $300 million to $350 million, valuing the company at about $1.5 billion to $1.55 billion. It is expected to close next week. Bessemer Venture Partners will lead the round, and Nvidia, Amazon, and Prosperity7 Ventures will also participate.

Over the past two weeks, the number of transit vessels in the Strait of Hormuz has increased significantly, and throughput has reached the highest level since the outbreak of war. Multiple countries are negotiating with Iran to ensure their ships can pass. Among the most recent transit vessels, liquefied petroleum gas carriers dominate, involving multiple ships linked to Iran.

Gate News message, April 5, according to some CEX data, SOL fell below 80 USDT, and is currently trading at 79.96 USDT, down 0.27% over the past 24 hours.

2026-04-05 06:00 to 06:15 (UTC), ETH price oscillated in the range of 2031.63 to 2049.03 USDT, with the return rate recording -0.74% and the 15-minute amplitude at 0.85%. During this period, market attention increased, volatility intensified, and short-term capital became active. The main driver behind this unusual move was large-scale net outflows of spot funds, with 24-hour cumulative net outflows totaling $126 million. On-chain, the number of active addresses rose to a daily high of 1.2 million, and transaction volume exceeded 1.5 million, reflecting that large holders or institutional entities accelerated asset transfers or selling during this period. The market sells

Iranian parliamentary speaker Qalibaf threatened on social media to block commercial shipping through the Strait of Hormuz, citing the strait’s importance to global oil and food transportation. In recent years, the Strait of Hormuz has been targeted by attacks from Houthi forces supported by Iran, and in 2023, about 12% of global seaborne oil passed through this area.

The UK government is working to help AI company Anthropic expand its operations in the UK, including an expansion in London and a dual listing, with plans to raise it during the company CEO's visit. The move comes amid the backdrop that Anthropic has been placed on a U.S. government blacklist due to national security risks, and it is currently challenging that decision.

The Central Coordinating Group for Anti-Corruption recently launched the "Tianwang 2026" campaign, covering four special tasks. The effort aims to pursue fugitives and recover stolen assets, crack down on overseas official-duty crimes, and curb the transfer of stolen funds through offshore companies, while strengthening outbound travel oversight for public officials.

The head of the International Energy Agency, Birol, warned that if the Strait of Hormuz is not reopened, the oil losses in April will be twice those of March. Currently, 72 energy assets have been damaged. Saudi Arabia has redirected some oil exports through a new pipeline, but if this route is attacked, the global economy will face serious consequences.

Gate News update. According to a message on the X platform, the initial investigation into the Drift hacker attack indicates that members of the project team had previously been approached in person by North Korean intermediaries at a cryptocurrency industry conference. The investigation also reveals that there was in-person contact between the attacker and the team members.

Gate News message, April 5, cross-border remittance giant Western Union announced that it has completed its acquisition deal for Singapore digital wallet Dash. The specific acquisition amount has not been disclosed yet. Dash was previously owned by Singtel, and this acquisition gives Western Union its first wallet service in the Asia-Pacific region, further expanding its digital financial services beyond its traditional remittance business. Singtel and Western Union had previously said that the sale still needs approval from regulatory authorities. The completion of the deal announced this week marks that Dash has officially been folded into Western Union’s business.

Gate News message, April 5, the Kuwaiti side said that two power and seawater desalination plants were hit by Iranian drone attacks, causing "significant" material damage, and two generating units have been shut down.

Gate News message, April 5, economists said that the sudden jump in gasoline prices that American consumers can feel firsthand will be fully reflected in the key inflation data to be released this week. The U.S. is expected to see March CPI rise 1% month over month, which would be the largest monthly increase since 2022; core CPI could rise 0.3% month over month. Earlier, the Iran war pushed gasoline prices at U.S. gas stations up by about $1 per gallon. As a result, the Federal Reserve may find it difficult to carry out interest rate cuts this year.