Gate Crypto Flash News and Market Updates

The U.S. Department of Justice has decided to appeal a federal judge’s ruling that blocked the government from prohibiting the use of Anthropic technology. The judge said the government’s national security rationale was insufficient, and that the government’s actions were akin to punishing Anthropic because it requires that the technology not be used for surveillance or autonomous weapons.

Gate News, on April 2, the New York–based ETF provider Global X announced the launch of the Global X Ethereum Covered Call Options ETF (ticker: EHCC). The ETF uses an options strategy to provide exposure to Ethereum-related investments, aiming to generate returns without directly holding digital assets. Global X said this is its first fund created in connection with a cryptocurrency other than Bitcoin.

Gate News message, April 2, market sources say that Microsoft plans to create large cutting-edge AI models before 2027.

Yupp.ai announced that it will shut down starting immediately. The website will remain available for 15 days so users can download their chat data. With improvements in AI model capabilities and changes in user needs, the company has decided to end operations early and return the remaining funds to investors.

The International Monetary Fund said in its annual assessment report that although U.S. inflation is expected to fall to the 2% target in the second half of 2026, the room for rate cuts this year is extremely limited—at most there may be one opportunity for a rate cut by the end of 2026. This will need to take into account changes in the labor market and the impact of commodity prices.

The live prediction market platform Pumpcade completed a $1 million seed pre-round funding on April 2, and the funds will be used to expand the team and advance its launch strategy. The platform allows users to quickly create multiple types of prediction markets with different themes during live streams, and it settles through an official API to reduce risk and disputes.

Project 0 Co-Founder MacBrennan posts an update, stating that the losses from the Drift vulnerability incident will be addressed by April 2, and the specific calculation method will be announced before resuming operations. Drift lenders will share losses proportionally, while non-lenders may face an impairment of up to approximately 2%. The loss assessment is based on the most conservative scenario; conditions may improve in the future.

YZi Labs, after EASY Residency Season 2, added an investment in the prediction market platform Predict.fun, with Susquehanna Crypto participating in this round of funding. Predict.fun has accumulated trading volume of over $1.8 billion, with more than 130,000 users, and completed the acquisition of Probable to expand into the Asian market.

Gate News update: On April 2, U.S. front-month crude oil futures (the contract about to expire) set record highs for the premium versus next-month futures (the contract due to expire next month), and also for the premium versus seven-month futures (the contract due to expire seven months later).

Gate News, April 2. According to MLM monitoring, Hyperliquid early contributor Loracle transferred 450,000 HYPE from HyperEVM about 20 minutes ago, worth approximately $15.5 million, and then began selling. Currently, sell orders for 253,861 HYPE are listed in the $34.801 to $35.493 price range.

From 2026-04-02 13:45 to 2026-04-02 14:00 (UTC), within 15 minutes BTC’s return rate reached +0.62%. The price range was 65841.3 to 66288.3 USDT, with a volatility of 0.68%. During this period, market activity rose significantly. On-chain data shows the number of active addresses reached 30,953, and on-chain BTC trading volume surged to 420,690 BTC, drawing widespread attention and increasing market volatility. The main drivers behind this unusual move are concentrated ETF fund inflows and exchange reserves

From 2026-04-02 13:45 to 2026-04-02 14:00 (UTC), the ETH price showed a clear move. The 15-minute candlestick return was +0.92%. It traded in a range of 2018.99 - 2040.78 USDT with an amplitude of 1.08%. During this period, on-chain activity increased significantly: the number of transactions grew by 18% compared with the previous hour. Capital flows accelerated noticeably, and rising market attention contributed to heightened volatility. The main driving force behind this move came from the flow of large on-chain funds and whale activity. In the short term, whale addresses transferred to a certain large wallet or exchange, indicating active accumulation or distribution, which further amplified market fluctuations.

On April 2, gold and silver prices fell to $4,596.98 per ounce and $70.366 per ounce, respectively. The volatility indices BVIX and EVIX rose slightly. The U.S. dollar strengthened slightly against the Chinese yuan and the Japanese yen. Major European stock indexes generally declined, while U.S. crude oil prices rose by 13.45%. The Gate platform supports trading across a variety of financial market products.

Bitcoin's bear market has lasted for nearly six months. The market may be entering a "time pain" phase, with long-term holders making up about 80% of the supply. Glassnode believes the bear market is nearing the bottom, but it still needs several months of sideways consolidation.

Gate News reports that on April 2, according to Arkham monitoring, approximately 17 minutes ago, the Graycale Bitcoin Trust transferred 194.617 BTC, valued at about $12.87 million, to a certain CEX Prime address.

Gate News update, April 2, Citibank released an oil market outlook report, expecting that in the base case scenario for the Brent crude (the international benchmark oil price) in the second quarter of 2026, the average price would be $95 per barrel; in the bullish scenario, it would be $130 per barrel. The report noted that global oil supply may be short by 4.4 million barrels per day; if some Gulf countries refuse to agree to Iran’s so-called “transit fee,” the supply shortfall could widen to 8 million barrels per day.

Gate News update, April 2, Uniswap announced that Uniswap v2, v3, and v4 are now live on the Linea network. Linea is a zkEVM L2 scaling network built by Consensys. Currently, Linea is available on the Uniswap web app and the Uniswap API, and Uniswap Wallet for iOS and

Gate News: According to the latest Gate TradFi data, MU (Micron) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News update, April 2, according to an official announcement, the prediction market platform Polymarket has integrated Pyth Pro as the data source for its new series of traditional asset contracts. Polymarket will rely on Pyth Pro data to provide the daily rise and fall and daily closing markets for gold, silver, and major stock index ETF, and will ensure full transparency throughout via real-time price charts updated every second.

Gate News message, seven major token unlock events are scheduled for April. $RAIN ranks first with an unlock value of $294.26M, followed by $ZRO at $45.56M, $TON at $43.08M, $UDS at $42.02M, $STABLE at $30.95M, $ADI at $29.89M, and $PUMP at $15.84M.