- Pin
- Gate.io Suggested Topics Posting Event: #CPI Data Drops#
✍️ Please include the topic #CPI Data Drops# in your post.
💰 5 quality posters * each receive $10 Points
The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
⚠️ Notes: Plagiarism is prohibi
- 📢 Gate Post Ambassador are Now Actively Recruiting! 🔥
💡 Join Gate Post Ambassador and embark on an exciting journey of creativity and rewards!
Why Become a Gate Post Ambassador?
🎁 Unlock Exclusive Benefits and Showcase Your Talent
- Special Benefits Tasks – earn while creating
- Exclusive Merch – represent Gate.io in style
- VIP5 & Golden Mark – stand out from the crowd
- Honorary Ambassador – shine in the spotlight
🚀 As an Ambassador, You Will Be:
- A key influencer in the community
- A creative leader in the Web3 space
- A driving force behind top-quality content
🎉 Click the link to be
- 🐣 Gate.io Easter Bunny Wonderland is Live!
🚀 Swipe to match Easter eggs, and share a $50,000 fabulous prize
🔥 Get 1 chance for your first login of the day: https://www.gate.io/activities/easter-2025
💡 Clear as many Easter eggs as you can. The more eggs you collect, the more rewards you get
More: https://www.gate.io/announcements/article/44292
#Easter2025#
Gate Research Institute: gate released the Q1 report for the 12th anniversary celebration, Trump repealed the encryption tax regulations, tokenization of gold volume hits a new high.
Summary
Market Commentary
Popular Tokens
According to Gate.io market data【9】, combined with the trading volume and price performance over the last 24 hours, the popular altcoins are as follows:
XCN (Onyxcoin) — Daily increase of approximately 48.92%, with a circulating market cap of 534 million USD.
Onyxcoin (XCN) is the governance and utility token of Onyx Protocol, running on Ethereum, aimed at supporting the decentralized construction of financial services, including lending, payments, and blockchain infrastructure development. Onyx Protocol allows institutions to launch and operate blockchain networks through Onyx Core, supporting multiple types of digital assets, and positions itself as a provider of Web3 financial infrastructure solutions. XCN is used not only to participate in DAO governance and pay platform fees but will also play a key role in its Layer-1 blockchain project Goliath.
The recent price increase may be driven by the market's positive expectations for the upcoming Goliath mainnet launch. This Layer-1 blockchain project is scheduled to launch its testnet in Q3 2025 and officially start its mainnet in early 2026. Recently, Onyx's official mentions of the project have attracted market attention. At the same time, trading volume surged over 300% in one day, indicating a significant rise in market participation; coupled with whales maintaining their positions and investors shifting from other cryptocurrencies (such as XRP) to XCN, this collectively boosted price performance.
AERGO (Aergo) — A daily increase of approximately 58.82%, with a circulating market capitalization of $103 million.
Aergo is an open-source hybrid blockchain platform designed for enterprises and developers to build decentralized applications (DApps). The platform supports Lua and SQL smart contracts, balancing developer-friendliness and performance, with capabilities of over 10,000 transactions per second, 1-second block generation, and transaction fees as low as 0.001 dollars, making it suitable for building efficient and environmentally friendly blockchain applications. Its hybrid architecture allows for flexible switching between private and public chains, and it has been implemented in various enterprise scenarios, being one of the early blockchain solutions designed for enterprise-level needs.
The price increase was mainly boosted by the passage of the AIP-21 proposal. The proposal, which was officially announced on April 9, covers Aergo's Layer 2 expansion plans and integration into the Superchain ecosystem, marking the project's progress towards greater interoperability and utility. In addition, the official launch of the "Vote to Earn Airdrop" campaign to increase community participation significantly boosted the market heat in a short period of time after the proposal was announced, pushing the price of AERGO to rise by more than 55% in 24 hours.
**ZRC (Zircuit) **—— Daily increase of about 30.31%, circulating market value is 74.6 million USD.
Zircuit is a zero-knowledge proof Rollup designed to enhance the scalability and security of Ethereum. It is fully compatible with the Ethereum EVM, making it easy for developers to migrate applications. Zircuit employs a hybrid architecture that utilizes zero-knowledge proofs to improve efficiency and reduce transaction costs. Zircuit has received support from notable investment firms, including Pantera Capital, and is considered a promising solution to the scalability and security challenges of Ethereum.
Zircuit recently partnered with DiffuseFi to introduce on-chain data to help users make more informed decisions. At the same time, Zircuit serves as an AI-powered hybrid zkEVM, which combines a balance of AI security, speed, and proof, with full EVM compatibility. These positive news may attract more attention and interest, which will push up the price of the token.
Highlight Data
Ethereum network Gas fees hit an all-time low, with the average monthly transaction cost in March dropping 80% compared to the end of last year
Data shows that the average Gas fee on the Ethereum network reached an all-time low at the end of March 2025, with a monthly average cost of only 2.71 Gwei, a sharp drop of 80% compared to 16.9 Gwei at the end of 2024.
The significant drop in gas fees on the Ethereum network this time is mainly due to a significant decline in market activity. With the recent weakening of ETH price shocks, the popularity of on-chain transactions has continued to decline, and user activity and liquidity have decreased simultaneously, resulting in a significant decrease in network usage, which has led to a continuous decline in gas fees. In addition, Layer 2 solutions such as Arbitrum and Optimism also offload a large number of mainnet transactions, keeping mainnet gas fees low. 【13】
Bitcoin mining has had a strong start, with leading companies' mining revenue nearing 800 million dollars in Q1 2025
According to the latest data from Cointelegraph, in the first quarter of 2025, the largest publicly listed Bitcoin mining companies in the world mined a total of 9,746 bitcoins (BTC), with a market value of approximately $800 million. The price of Bitcoin remains high (around $81,600), driving steady growth in the earnings of mining companies.
Among them, Marathon Digital, with a market capitalization of 2,285 BTC (approximately 186 million USD), ranks first in mining performance. The company's production in March reached 829 BTC, a month-on-month increase of 17.4%. Following is CleanSpark, which produced 1,950 BTC in the first quarter, with a market capitalization of nearly 160 million USD, and its March output also rose by 13.4%. Ranked third is Iren (formerly Iris Energy), with a production of 1,513 BTC (worth approximately 124 million USD), showing a month-on-month growth of 16.1% in March.
Despite ranking lower in quarterly total production, Hut 8 Mining stood out with an impressive monthly growth of up to 91%, reaching a production of 88 BTC in March, compared to only 46 BTC in February. Notably, on March 31, Hut 8 announced the launch of a mining project called "American Bitcoin" in collaboration with former U.S. President Donald Trump's sons, Donald Trump Jr. and Eric Trump, aiming to create the largest and most efficient pure Bitcoin mining facility in the world.
Trump's tariffs boost safe-haven demand, tokenized gold trading volume hits a two-year high
Affected by the recent announcement of import tariffs by U.S. President Trump, market risk aversion has continued to rise, driving a significant increase in the trading volume of Tokenized Gold. This week, the weekly trading volume of Tokenized Gold surpassed 1 billion dollars, setting a new high since the U.S. banking crisis in March 2023.
According to research reports, since Trump first announced the tariffs on January 20, Paxos Gold (PAXG) trading volume has soared by more than 900%, Tether Gold (XAUT) has grown by more than 300%, and Kinesis Gold (KAU) has surged by a staggering 830x. This trend marks that tokenized gold has become one of the important tools for investors looking for a safe haven.
At the same time, the price of physical gold has recently reached a historic high. As of March 31, the price of gold has first surpassed $3,100 per ounce, and the current price remains above $3,118 per ounce. Since 2025, gold has accumulated an increase of over 18%, significantly outperforming Bitcoin, which has dropped more than 12% during the same period. Currently, the rapid growth of tokenized gold reflects the strong demand from investors for safe-haven assets. However, at this stage, tokenized gold cannot completely replace physical gold, but rather serves primarily as an alternative for crypto investors to diversify risks and stabilize their investment portfolios.
It is worth mentioning that the background for the surge in tokenized gold trading volume is the global trade tensions triggered by the Trump administration. As investors increasingly turn to more stable and safer assets, tokenized gold and other crypto products linked to real-world assets (RWA) are expected to continue to be favored in the market for some time to come. 【15】
Hot Commentaries
Nasdaq Applies for Listing VanEck Spot Avalanche ETF, AVAX May Welcome Expansion of Mainstream Investment Channels
The American stock exchange Nasdaq recently filed an application with the U.S. Securities and Exchange Commission (SEC) to list the VanEck Avalanche spot ETF to further enrich its crypto asset portfolio. The purpose of this application is to provide investors with an investment channel that does not need to directly hold Avalanche (AVAX) tokens, and indirectly access the potential benefits of AVAX price fluctuations through ETFs.
According to the application documents, VanEck Digital Assets will serve as the sponsoring organization of the trust fund, with a third-party custodian holding all Avalanche tokens on behalf of the trust. This ETF will track the market price of AVAX, lowering the barrier for traditional financial market participants to access crypto assets, allowing users to allocate this asset without the need for a digital wallet or exchange account.
This application is VanEck's latest move in the Avalanche ETF space. In March of this year, VanEck registered the trust in Delaware and publicly shared its plans via social media, demonstrating a strong emphasis on this product. This is also the fourth crypto ETF project promoted by VanEck following its Bitcoin, Ethereum, and Solana spot ETFs.
Trump signs resolution to repeal late Biden administration crypto tax rules, marking the official enactment of the first crypto legislation
On April 10, 2025, U.S. President Trump officially signed a resolution that repealed the cryptocurrency tax rules established by the Biden administration at the end of its term. This bill, initiated by Republican lawmakers Mike Carey and Ted Cruz, aims to eliminate the IRS's data reporting requirements for "custodial brokers." The regulation originally required DeFi participants to operate like traditional securities brokers, collecting and reporting users' trading data, and even issuing 1099 forms to users for reporting non-employment income, including gambling, rental, and copyright income.
The bill was passed in both the House and Senate, and even received support from some Democratic lawmakers, including Senate Minority Leader Schumer. At the signing ceremony, Kerry stated that this is the first cryptocurrency bill to be implemented in American history, symbolizing a shift towards rational and practical cryptocurrency regulation.
According to the U.S. Department of the Treasury's definition, the rule applies to "front-end service providers that interact directly with users," aiming to regulate entities operating DeFi protocol portals rather than the protocols themselves. Today, this regulatory attempt has been officially withdrawn. This move is seen not only as a symbolic gesture of the Trump administration's renewed embrace of the cryptocurrency industry but also releases a clearer policy-friendly signal for the development of digital assets in the U.S. 【17】
Gate.io Releases Q1 2025 Report, Trading Volume and Reserves Rise Together
The globally leading cryptocurrency trading platform Gate.io celebrates an important milestone of its 12th anniversary, while showcasing impressive results in the first quarter of 2025. The platform's user base and contract trading volume continue to rise, with a contract trading volume increase of about 31% compared to the previous quarter; LaunchPool has undergone a comprehensive upgrade, with airdrops and mining rewards exceeding 14 million USD; in terms of security, Gate.io's total reserves amount to 10.328 billion USD, ranking fourth globally, with a total reserve ratio of 128.58% and an excess reserve ratio of 28.58%; in terms of performance, institutional business latency has been reduced by 50%, quantitative follow-up trading volume has surged by 780%, the number of bot strategies has skyrocketed by 404%, and ETF leveraged tokens support over 200 types; the GT ecosystem also performs strongly, with prices hitting an all-time high, a nearly 70% increase since the beginning of the year, and ongoing token burn activities. In terms of globalization, Gate.io has become the official sponsor of the F1 Red Bull Racing team, significantly enhancing its brand influence. The platform has also launched multiple public welfare activities in places like Vietnam and Benin in Africa, demonstrating corporate social responsibility.
Gate.io 2025 Q1 Under the guidance of the strategy of "safety as the foundation, innovation as the spear", it has achieved a double breakthrough in business and brand. On the one hand, Gate.io further strengthens the security of users' assets by virtue of transparent audits and excess reserves. On the other hand, Gate.io continues to enrich its product matrix, building a multi-level ecological closed loop from spot to contract, from quantitative trading to DeFi staking. Global compliance and top-tier sports sponsorship complement each other, significantly enhancing brand influence; At the same time, the layout of public welfare and education demonstrates corporate social responsibility. Looking ahead, Gate.io will further optimize the risk control model and user experience, promote technological innovation and compliance, and set a new benchmark for the digital asset industry while maintaining high growth. 【18】
Integration Information
According to RootData, in the past 24 hours, a total of 1 project publicly announced funding, with an amount of 40 million dollars, involving the AI insurance sector. Here are the details of the funded project: 【19】
**Meanwhile **—— Meanwhile completed a $40 million seed round financing, led by Framework Ventures and Fulgur Ventures, with participation from 6th Man Ventures and several independent investors. Meanwhile is a cryptocurrency-based life insurance company that offers core financial products priced in Bitcoin (BTC) and utilizes an AI-driven system to enable users to easily apply for BTC life insurance policies. Its life insurance policies operate similarly to traditional life insurance. Insurers pay monthly premiums calculated by actuaries. However, customers do not pay through bank accounts or checks but rather through Bitcoin in their crypto wallets. This financing will be used to expand its life insurance business priced in Bitcoin, primarily targeting so-called "inflation-affected economies."【20】
Airdrop Opportunity
Krain AI is a platform focused on the AI agent ecosystem, providing intelligent infrastructure to facilitate the discovery, evaluation, and creation of AI applications. The core functionalities of the platform include the AI agent portal, workflow builder, agent discovery engine, community reputation system, advanced search tools, no-code builder, and the Orion protocol, aimed at lowering the technical barriers for AI agents and promoting the deep integration of Web3 and AI, widely applicable to various creators and users. 【21】
Currently, Krain AI is conducting an airdrop event for its native token $KRAIN. Users can accumulate points by completing specified tasks, which may be used to exchange for tokens in the future. Basic tasks include creating an account (reward: 5,000 points) and connecting a Solana wallet that has been active for ≥30 days (reward: 1,000 points). In addition, users can earn extra points by sharing referral links to invite friends, engaging on social media (such as likes, shares), and interacting on Telegram.
Participation method:
Tip: The airdrop plan and participation methods may be updated at any time. It is recommended that users pay attention to the official channels of Kraine AI for the latest information. At the same time, users should participate cautiously, be aware of risks, and conduct thorough research before participating. Gate.io does not guarantee the distribution of subsequent airdrop rewards.
Reference materials:
Gate Research Institute Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Click 链接 to go now.
Disclaimer Investing in the cryptocurrency market involves high risks. It is recommended that users conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate.io is not responsible for any losses or damages resulting from such investment decisions.