GateBlog

Gate DEX will launch the Bonus Earning Activity Zone in December 2025, now opening the second phase of the USDD event.
Users can earn a 4.5% APY and a maximum of 50,000 USDD rewards by staking USDD or USDT.
The event runs from April 11, 2026, to May 31, 2026.
Participation is simple: users need to download the GATE APP and stake their tokens.
During the event, APY fluctuates dynamically; the more you stake, the higher the returns.

Strategy (formerly MicroStrategy) repurchased 4,871 Bitcoins between April 1 and 5, 2026, at an average price of $67,718 per coin, with a total investment of approximately $329.9 million. As of April 10, 2026, based on Gate market data, Bitcoin prices have been trading within a certain range, and Strategy's total holdings have increased to 766,970 coins, accounting for about 3.65% of the total circulating supply of Bitcoin.
Based on the current accumulation rate, the company is expected to surpass Satoshi Nakamoto's estimated holdings (about 1.1 million coins) as early as next year or the year after, becoming the world's largest single holder of Bitcoin. This process indicates that institutional holdings are approaching a critical historical threshold and has sparked discussions about threats to decentralization, liquidity crises, and

Multicoin Capital Co-Founder Kyle Samani has expressed willingness to bet up to $1 million on whether TAO can enter the top 10 cryptocurrencies by 2028. TAO currently has a market capitalization of approximately $3.21B, requiring a 3 to 5 times increase to reach the top 10 threshold. The Bittensor ecosystem already has over 120 subnets, but governance risks have emerged. Whether TAO can succeed depends on overall market expansion and consensus dynamics.

The price discovery mechanism of crypto assets differs fundamentally from that of traditional financial markets. In traditional markets, prices are formed through the collective bargaining of a wide distribution of buyers and sellers, with liquidity dispersed among multiple independent market makers. In crypto markets, however, leading market makers control the majority of token liquidity supply, and the position adjustments of a single institution can often trigger sharp fluctuations in token prices. On April 10, 2026, the PARTI token plummeted 63% within a few hours, with on-chain data and market timing highly coinciding, once again bringing this core industry contradiction into the public eye. As of the time of writing, PARTI is temporarily reported at $0.0486, with the 24-hour decline narrowing to 45%.
The core function of market makers is to place buy and sell orders on both sides of the order book, earning profits from the bid-ask spread while providing liquidity to the market. Taking Wintermute as an example, this institution in 5

On April 10, 2026, the cryptocurrency market showed a clear structural divergence. According to Gate market data, as of the time of this publication, the price of Bitcoin (BTC) was 71,800 USD, up about 1% over the past 24 hours. Meanwhile, over the same period, the gains of Ethereum (ETH), Solana (SOL), and XRP were all less than 1%. What’s even more noteworthy is that the 20-day rolling correlation coefficient between BTC and the Nasdaq Index has fallen to about 0.34, a level that marks the lowest point in nearly one year.
From a statistical perspective, 0.34 falls within the low-correlation range, meaning that the link between Bitcoin and tech stocks has weakened significantly. Typically, when the correlation coefficient is higher than 0.7, the market regards the two as having a strong positive correlation; below 0.4 indicates a significant drop in how closely their price movements are associated.
Historical Retrospective: The Evolution of BTC and Nasdaq Correlation
Looking back over the past 2

Before March 30, 2026, Polymarket operated with a zero-fee model for most of its development history, allowing users to trade freely without paying any fees to the platform. However, just one week after the full pricing reform was implemented, the transaction fees in the first week of Q2 reached approximately $7.1 million, maintaining an average of about $1 million per day. If this pace continues, the annualized transaction fee revenue could reach around $365 million, potentially accounting for 96.8% of on-chain prediction market transaction fees.
This shift was not simply a matter of "raising prices." While price increases led to a decline in some trading volume, Polymarket achieved reverse revenue growth by precisely targeting a user base willing to pay premiums for high-quality trading markets. From January to late March, its daily fee rate (the proportion of fees to trading volume) doubled from about 0.001 to 0.0

On April 8, 2026, the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury, in conjunction with the Office of Foreign Assets Control (OFAC), issued a Notice of Proposed Rulemaking (NPRM) that for the first time defines licensed payment stablecoin issuers (PPSIs) as financial institutions under the Bank Secrecy Act. This marks the most specific enforcement step in the U.S. stablecoin sector since the passage of the GENIUS Act in July 2025.
According to the summary of the proposal, issuers must establish a comprehensive anti-money laundering and counter-terrorism financing (AML/CFT) system, with core requirements including: implementing a risk-based compliance program, allocating more resources to high-risk customers and transactions; establishing transaction control mechanisms with technical capabilities to block, freeze, and reject suspicious transactions; and complying with OFAC sanctions obligations by conducting real-time screening of transactions. The proposal specifically

In April 2026, the U.S. cryptocurrency regulatory landscape entered its most intensive policy advancement period in recent years. Senate negotiators reached a compromise on the profit provisions of the CLARITY Act for stablecoins, the SEC officially submitted the "Reg Crypto" framework for White House review, the FDIC released banking stablecoin guidelines based on the GENIUS Act, and the Treasury Department simultaneously advanced anti-money laundering rulemaking. Four regulatory axes are progressing in parallel, forming an accelerating dual-track U.S. crypto regulation system composed of congressional legislation, institutional rules, and inter-agency coordination.
Legislative Breakthrough: What Does the Compromise on the CLARITY Act Mean?
The compromise reached by the Senate Banking Committee on stablecoin profit issues broke the months-long deadlock over the CLARITY Act. The core logic of the final plan is clear: it allows reward programs based on user stablecoin activities, but does not permit

On April 7, 2026, U.S. President Donald Trump announced a two-week ceasefire agreement with Iran. However, just hours before the official announcement, three independent markets—cryptocurrency prediction markets, crude oil futures markets, and stock options markets—simultaneously showed highly accurate bets, sparking widespread suspicion of insider trading.
On the cryptocurrency prediction platform Polymarket, at least 50 new accounts that had never placed bets before concentrated their bets on "a ceasefire will be reached" prior to Trump's announcement, collectively earning hundreds of thousands of dollars in profit. Meanwhile, the crude oil futures market experienced a concentrated sell-off during the inactive period at 19:45 GMT (3:45 a.m. Beijing time the next day), with investors selling approximately 8,600 Brent and U.S. crude oil futures contracts, totaling around $950 million in positions.

From 2025 to 2026, YouTube accelerated the removal of crypto channels, affecting approximately 35 million subscribers, reflecting centralized platforms' systematic suppression of the crypto ecosystem. Decentralized platforms like Bitchat have gained attention due to their censorship resistance but still face challenges in user experience and commercial monetization. content creators need to diversify distribution strategies to reduce platform dependency risks.

According to Gate market data, as of April 10, 2026, Solana (SOL) is priced at approximately $83.01, with a 24-hour trading volume of $47.63 million, a market capitalization of about $47.68 billion, and a market share of 2.01%. Over the past year, SOL's price has decreased by approximately 30.22%, and it has closed lower for six consecutive months. Currently, SOL is at a point where bullish and bearish signals are highly contradictory — on-chain ecosystems continue to improve after the sandwich attack vulnerability was fixed, while technical charts show a cyclical bearish pattern, and SOL ETFs have recorded record weekly outflows. This article will analyze the current situation in a structured manner from four dimensions: technical, capital, on-chain ecosystem, and network fundamentals.
Mixed Bull and Bear Signals: Market Patterns Under Three Contradictory Paths
April 2026

In the first quarter of 2026, The Open Network’s native token TON faced sustained price pressure. Since the beginning of the year, its market capitalization has contracted by approximately 24%, and it has closed for three consecutive months with monthly bearish candles. However, on-chain data shows a completely different signal—during the same period, the top 100 wallet addresses collectively increased their net holdings by 189,730 TON, creating a clear divergence between the price trend and holding behavior. Meanwhile, the TON mainnet completed the Catchain 2.0 consensus upgrade, compressing transaction confirmation time from about 10 seconds to sub-second levels. This article provides a structured breakdown of TON’s current market landscape from three dimensions: on-chain data, technical upgrades, and the macro environment.
Market capitalization shrinking and whale accumulation occur in parallel
According to on-chain data platform Santiment, although TON’s market capitalization has fallen by about 24% since the beginning of the year, its top 10

Entering April, Bitcoin's price trend has shown a set of intriguing contradictory signals. After experiencing volatile corrections from the end of March to early April, the daily chart has gradually built a clear upward breakout structure, which is also the first complete bullish pattern observed at the beginning of this month. However, in stark contrast to the optimistic technical signals, the key indicator measuring capital flow—the net outflow from exchanges—has decreased by over 50% from March's peak. The structure is in place, but the "fuel" is waning; this divergence has become the most critical variable currently warranting market scrutiny.
Early April Market Review: From Sharp Decline Recovery to Structural Formation
Since late March, Bitcoin has undergone multiple rounds of intense volatility. According to Gate data, as of April 10, 2026, Bitcoin's price was approximately $71,696, with a 24-hour high of $73,141 and a low of $70,5

The capital flow of US spot ETFs has become a key window for observing institutional sentiment and capital allocation logic in the crypto market. On April 9, 2026, the Bitcoin spot ETF recorded a single-day net inflow of $358.1 million, while the Ethereum spot ETF saw a synchronized net inflow of $85.2 million, totaling over $440 million for both. The scale of single-day net inflows itself carries certain indicative significance, but more valuable for analysis are the distribution characteristics of funds across different products, the significant differentiation within Ethereum ETFs, and the potential impact of this data on subsequent market structure. This article, based on real-time Gate market data and publicly monitored fund information, provides a structured breakdown of the ETF flow situation on that day.
Single-day net inflows exceed $440 million
According to Farside Investors on April 10, 2026

On April 10, 2026, the cryptocurrency market witnessed a landmark trading day. Privacy coins, represented by Zcash (ZEC) and Dash (DASH), led the rally against the trend, with ZEC surging over 17% in a single day and DASH climbing more than 12% simultaneously, making them the standout performers among all market assets. This rally was not an isolated technical rebound but the result of multiple narratives stacking together—Grayscale's privacy coin ETF expectations continuing to heat up, Dash Evolution chain integrating Zcash privacy technology, Barry Silbert's prediction about Bitcoin capital flowing into the privacy sector, and Midnight privacy.

On April 10, 2026, BTC reported $72,000 USD in Gate market data, with a 24-hour increase of 1.4%. However, compared to short-term price fluctuations, on-chain data is revealing a deeper structural change: the available supply of Bitcoin on exchanges has fallen to its lowest in nearly three years, while whale addresses have maintained large-scale accumulation for six consecutive months. Meanwhile, the fund flow ratio, which measures the correlation between network activity and exchange activity, has reset to the 0.065 level, a region that has historically marked multiple market turning points.
Why has exchange reserves plummeted almost vertically from the peak of 3.2 million coins?
According to monitoring data from CryptoQuant and Glassnode, the global Bitcoin reserves on exchanges have fallen below 2.7 million coins, the lowest level since early 2023. More noteworthy

In early April 2026, the global financial markets experienced a sharp upheaval driven by geopolitical signals. On April 8, the United States and Iran announced a two-week temporary ceasefire mediated by Pakistan, causing crude oil prices to plummet over 19%, and Bitcoin temporarily rebounded to a weekly high of $72,698. However, less than 48 hours after the ceasefire took effect, it broke down—Israel launched a large-scale airstrike on Lebanon, the Strait of Hormuz was closed again, and Bitcoin's price quickly gave back its gains, falling below $71,000. This event provided a critical observation window for the crypto market: when the "ceasefire dividend" is quickly discredited and geopolitical uncertainty once again becomes the market's main variable, what role do crypto assets actually play?
How the 48-hour ceasefire drama tears open the pricing cracks in geopolitics
On the morning of April 8 Beijing time, the United States and Iran successively

After more than five years of congressional tug-of-war and industry debate, the U.S. cryptocurrency regulatory framework is about to run its final 100 meters. On April 9, 2026, U.S. Treasury Secretary Scott Bessent publicly spoke out on social media, urging the Senate Banking Committee to immediately begin the review process of the “Clear Act,” so the bill can be sent to President Trump’s desk for signature. Minutes later, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), responded that the SEC and the Commodity Futures Trading Commission (CFTC), leading “Project Crypto,” are ready—once Congress completes its legislative actions, the two regulators can immediately move into the bill-implementation stage.
This signal of coordination between the executive and legislative systems marks the official shift in U.S. crypto regulation from the long-running phase of legislative debate into execution

Recently, crypto projects have begun emphasizing "co-construction," driving growth through user participation and gradually changing the traditional project development logic. This model blurs the boundaries between users and builders, with endogenous motivation becoming a new source of growth. Although co-construction increases engagement, it also brings governance complexity and resource allocation challenges. Future competition will focus more on organizational and collaboration capabilities rather than just technology and capital.

Recently, the absurd meme "7x7=49" has rapidly entered the crypto market through TikTok, becoming a trading target and reflecting a shift in the growth logic of meme coins. Its dissemination relies on social imitation and participation, with KOLs and communities collaboratively amplifying this symbol. Unlike traditional projects, the growth of 49 depends on attention rather than technological value, leading to increased market volatility and liquidity flows. The scarcity of attention and the imbalance in dissemination pace may cause structural risks, reminding market participants to pay attention to how the dissemination path affects asset value.