Gate Crypto Flash News and Market Updates

Gate News message: On April 2, Energy Intelligence Group reporter Amena Bakr said that, given the current situation, even in the most optimistic scenario, the Strait of Hormuz (one of the world’s most important oil shipping lanes) will still be closed until May, reminding the market to prepare for the shock.

Gate News message, April 2, Uniswap founder Hayden Adams posted on the X platform, saying that centralized projects must be prevented from calling themselves DeFi. He said that if a project has an admin key that can empty all funds, then the project is CeFi rather than DeFi. Hayden Adams emphasized that if this is not distinguished, DeFi will be meaningless and its brand will be destroyed. He also noted that any version of Uniswap does not have an admin key that can empty funds.

Gate News update, April 2, European stock index futures fell across the board. EURO STOXX 50 Index (Eurozone blue-chip stock index) futures were down 2.0%, German DAX Index (Germany’s benchmark stock index) futures fell 1.9%, and FT 100 Index (the UK’s benchmark stock index) futures fell 0.8%.

Bitcoin is trading sideways near $66,000, influenced by remarks by Trump on the situation in Iran. The shipping and insurance costs in the Strait of Hormuz reflect elevated risk. It is expected that an expanding supply shortfall will continue to weigh on Bitcoin and other risk assets, and in the short term the market may still remain choppy.

Boundless Ark recently completed two rounds of Pre-A funding, with total funding in the hundreds of millions of yuan. Its core product, EVA OS, is an AI operating system that supports a variety of hardware terminals, with efficiency far higher than traditional solutions. It has already attracted more than 2,500 enterprises to integrate.

Axios Suffers a Supply-Chain Attack, Where the Attacker Uses the Chief Maintainer’s npm Token to Publish a Malicious Version Containing a Trojan. Despite the Project Taking Security Measures, the Attacker Still Bypassed the Defenses, Causing at Least 135 System Compromises.

Gate News, April 2, Alibaba released the Qwen3.6-Plus next-generation large language model Qwen3.6-Plus. The model has native multimodal understanding and reasoning capabilities, and can autonomously break down tasks, plan paths, test changes, and complete tasks in scenarios such as front-end web development and warehouse-level complex tasks. Currently, Qwen3.6-Plus has been listed on Alibaba Cloud’s Bailian platform, priced at the equivalent of 2 yuan minimum per million Tokens (tokens) for input; Qwen 3.6 has also launched on Wu Kong, the Qwen App, and other AI applications and platforms.

Genius Group announced that it will sell all its Bitcoin in the first quarter of 2026 to repay a $8.5 million debt, bringing its holdings to zero; this move contradicts its 2024 commitment to a “Bitcoin-first” strategy. Other companies such as MARA Holdings and Bitdeer have also continued to sell Bitcoin to meet financial needs.

Drift Protocol recently suffered a complex attack. Malicious actors used the durable nonce technology to obtain unauthorized administrative privileges, resulting in approximately $280 million in funds being withdrawn. The investigation found no program vulnerabilities; it may involve social engineering. Drift has frozen protocol functionality and updated the multisig to protect assets.

Gate News, April 2—International oil prices surged sharply during the day. The gain in Brent crude (the international oil price benchmark) widened to 7%, trading at $105.79 per barrel; WTI crude (the U.S. oil benchmark) rose 6.6%.

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

April 2, the Drift attack incident affected multiple DeFi protocols, including Reflect Money and Ranger Finance, among 11 projects. Some projects paused features such as minting and withdrawals. Ranger Finance lost about $900,000, accounting for 6% of its total value; Pyra also paused the relevant functions because users’ funds were affected.

Gulf states are reconsidering costly pipeline plans due to the threat posed by Iran’s control of the Strait of Hormuz, in order to safeguard oil and gas exports. Saudi’s east-west pipeline has been viewed as a critical lifeline, and efforts are currently underway to expand it or build new pipelines to reduce reliant.

On April 1, the U.S. spot Ethereum ETF saw a net outflow of $7.02 million, with BlackRock and Fidelity being the main outflow sources, while Grayscale ETHE and other parts of the products pulled in inflows against the trend.

Gate News message: On April 2, DeBox has been officially incorporated into the Circle Alliance Program, enabling integration of stablecoin payments for more than 20 million users. DeBox will deeply integrate Circle’s stablecoin infrastructure (such as USDC) into its native app.

Driven by the impact of Trump’s hardline remarks toward Iran, the crypto market weakened, with Bitcoin and Ethereum falling to $66,609 and $2,056, respectively. Market panic sentiment intensified, and the Fear & Greed Index dropped to 8. War risk pushed energy prices up, suppressing the valuations of risk assets, and in the short term volatility in crypto assets could increase.

On April 1, Bitcoin spot ETFs had total net outflows of $174 million, Grayscale’s Bitcoin Mini Trust ETF had net inflows of $10.25 million, and BlackRock ETFs had net outflows of $86.52 million. The total net asset value of Bitcoin spot ETFs was $87.71 billion, with historical net inflows of $55.95 billion.

Kulipa’s stablecoin card issuance infrastructure platform completed a $6.2 million seed round on April 2, led by Flourish Ventures and 1kx. Founder Axel Cateland said the financing was structured as a SAFE form; previously, it completed a $3.0 million funding round in 2024.

Cango completed a $75 million fundraising round, including $65 million from board members and $10 million from Delin, and both sides signed a memorandum of cooperation. The funding will be used to optimize the balance sheet and support development in the AI sector. Cango has responded to the New York Stock Exchange’s noncompliance requirements and has entered the remediation phase.

Gate News message: On April 2, Onchain Lens monitoring shows that STO is up more than 200% over the past 24 hours. A newly created wallet extracted 11.76 million STO tokens from a certain CEX; at the time of extraction, the value was $2.94 million. At present, the value of this token is $6.99 million. In less than 24 hours, the wallet is up by $4.05 million.