Gate Cryptocurrency News and Market Analysis

The Federal Reserve chair nominee, Kevin W. Walsh, has submitted documents to the Office of Government Ethics, successfully completing the final procedures before the confirmation hearing. Although the hearing could be held as early as April 21, North Carolina Senator Tillis has threatened to oppose all nominations, which could affect the confirmation timeline. Walsh is under pressure to complete his confirmation before the end of Powell’s term. His ethics review was delayed due to his wife’s large fortune.

Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk. To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not

Pi Network's native token PI fell to $0.165 in April, hitting a 7-week low and leaving market sentiment weak. The unlock peak will release more than 60 million PI, adding downward pressure. Despite the core team recently publishing technical updates, it failed to improve market confidence and instead drew community criticism due to KYC access issues and the ongoing slide in price. Increased future supply could further drive prices lower.

The 2028 U.S. election prediction market has opened, and although Vice President JD Vance’s approval rating has fallen to a historical low, he still remains in first place on major platforms. Vance’s net approval rating has dropped to -18%, influenced by factors such as inflation and oil prices. The trading volume on Polymarket and Kalshi shows that competition is still intense. Analysts believe poll data may be volatile, and the situation remains unclear.

In brief A major multi-university study finds faster AI means fewer people working. Economists now see real job losses alongside strong economic growth. The debate has shifted to whether AI will replace the need for new jobs entirely. For years, economists were the professionals most

The U.S. FBI and Indonesian police successfully cooperated to dismantle a W3LL phishing network, seizing related equipment and detaining suspects. The W3LL phishing toolkit offers low-priced fake login pages that use man-in-the-middle attacks to easily bypass multi-factor authentication, forming an organized cybercrime ecosystem. This operation marks cooperation between the U.S. and Indonesia in law enforcement against cybercrime; however, the security threats to cryptocurrency users remain severe.

Trump removed an AI-generated Truth Social image showing him in a white robe, glowing hand on a sick man's forehead — immediately compared to Jesus healing miracles. The post drew swift bipartisan backlash, including from conservative Christians in his own base, hours after he attacked Pope Leo XIV on the same platform.

Alameda Research has transferred $16 million worth of Solana tokens linked to FTX creditor repayments, following a pattern of past transactions. Despite these moves, Alameda retains a significant holding of 3.5 million SOL, potentially impacting market liquidity.

Exodus Movement files a lawsuit in Delaware against W3C and its CEO, seeking to enforce a $175 million stock purchase agreement, and alleging misappropriation of assets, document forgery, and other actions. This case will affect Exodus’s acquisition plans and the crypto payments business under W3C.

Solana ecosystem multi-signature agreement Squads issued a warning, pointing out that attackers launched an address poisoning attack against users by using fake accounts to trick users into making unauthorized transfers. Squads confirmed that there was no loss of funds and emphasized that this is a social engineering attack rather than a protocol vulnerability. To respond, Squads has implemented protective measures such as a warning system, non-interactive account prompts, and a whitelist mechanism. This incident reflects the growing social engineering threats in the Solana ecosystem and has prompted ongoing security reviews.

Renowned music producer Licheng Huang has a long position in ETH worth $29 million at Hyperliquid. As ETH surged 8%, he is currently up by $2.14 million in unrealized gains, but he still faces a cumulative loss of $26.4 million. His high-leverage trading strategy has drawn market attention and sparked discussion.

Broadridge Financial Solutions has launched an integrated digital asset platform for Canadian wealth management firms, enabling companies to provide cryptocurrency and traditional investment services in a single system and addressing the issue of fragmented infrastructure. The platform supports a wide range of digital assets and includes compliance control tools to lower the barrier for institutions to enter the market. This comes at a critical time when financial institutions are competing for digital asset infrastructure, strengthening the platform’s market competitiveness.

Korean payment service provider NHN KCP and Avalanche developer Ava Labs have signed a memorandum of understanding to cooperate and jointly develop a Layer 1 network centered on payments, focusing on ultra-fast payment authorization, encryption of on-chain transaction data, and customizable merchant base infrastructure. Both parties plan to confirm technical feasibility through a proof of concept, expand digital commerce opportunities, and integrate traditional financial infrastructure with blockchain technology.