[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1745405290ann_en.webp) Gate Research Daily Report: On April 23, BTC rose 5.38% to $92,877.5, and ETH surged 13.19% to $1,783.45, driven by multiple positive factors including the easing of US-China trade tensions and changes in SEC leadership. However, sluggish inflows into Ethereum spot ETFs and continued pressure on locked token holders highlight structural divergences in the market. Meanwhile, there have been notable developments in the on-chain ecosystem and regulatory landscape: Hyperliquid introduced a new validator mechanism, and JD.com's stablecoin entered Hong Kong's regulatory sandbox—signaling progress in infrastructure development and compliance efforts. - **Market Analysis**: Bitcoin surged 5.28% to $92,877, while Ethereum fell sharply by 13.19% to $1,783.45. - **Top Performers**: The top performing altcoins in the past 24 hours were ZEREBRO, DEEP, and TURBO, posting gains of 136.89%, 108.88%, and 49.95%, respectively. - **Data Highlights**: Inflows into Ethereum spot ETFs remain sluggish, while Polygon NFTs have surpassed Ethereum in 7-day sales volume. - **Spotlight Analysis**: Hyperliquid has updated its mainnet validator mechanism. Meanwhile, JD.com's stablecoin has entered the regulatory sandbox testing phase in Hong Kong. - **Market Opportunities**: Bitdeer specializes in Bitcoin mining services, including miner hosting, proprietary mining, and cloud hashrate solutions. The company has secured $179 million through loans and equity funding to expand its data center infrastructure. Explore today's details → Gate Research: China-U.S. Tariff Tensions Ease, BTC Breaks $90K **Gate Research** Gate Research is a comprehensive blockchain and crypto 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 the Link to learn more **Disclaimer** This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit some or all services for users from restricted regions. For more information, please read the User Agreement at: https://www.gate.io/user-agreement. Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions. Gate Team April 23, 2025 **Gateway to Crypto** Trade over 4,100 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

Gate Research: China-U.S. Tariff Tensions Ease, New SEC Chair Sworn In

Gate Research: China-U.S. Tariff Tensions Ease, New SEC Chair Sworn In