Gate Cryptocurrency News and Market Analysis

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Gate Daily Report (April 7): SEC submits crypto “safe harbor” proposal to the White House; Argentina president and LIBRA call records exposed

Gate Daily Report (April 7): SEC submits crypto “safe harbor” proposal to the White House; Argentina president and LIBRA call records exposed

Bitcoin gives back its gains on April 7, trading at $68,800. A U.S. SEC “safe harbor” proposal for crypto has been submitted for review by the White House. Argentina’s President Milei has been accused of having multiple calls with LIBRA’s founder, sparking a scandal. Bitcoin’s market volatility is high; it’s advised to control leverage to prevent large-scale liquidations.

Resolv Labs contract upgrade, forcibly destroys 36.73 million hacker USR tokens

Resolv Labs conducted a contract upgrade on April 6 following the minting vulnerability attack on March 22, forcibly burning 36.73 million USR stablecoins held by the attacker. The attack used leaked AWS keys, leaving Resolv facing a $34 million loss. The incident highlights the major risks DeFi protocols face in terms of security for off-chain infrastructure, underscoring that security audits should include backend key management and abnormal transaction detection mechanisms.

Polymarket Major Upgrade: Phasing Out USDC.e, Launching Native Collateral Tokens

The prediction market platform Polymarket will undergo a full rebuild, launching a new collateral token, “Polymarket USD,” to replace the existing USDC.e, in order to enhance its control over the settlement layer and comply with regulatory requirements. The upgrade will affect users’ trading workflows: ordinary users can complete the conversion automatically, while advanced users must do it manually. This move is intended to strengthen management of market manipulation and to promote a shift toward compliance.

Why is Bitcoin down today? Saudi petrochemical industrial facilities were hit, and Trump issued an ultimatum to Iran

Bitcoin (BTC) fell to about $68,800 on April 7, driven by geopolitical risks in the Middle East and Trump’s hardline remarks toward Iran. The Saudi explosion incident boosted global safe-haven sentiment, and technical indicators showed overbought pressure. In addition, Bitcoin’s key support lies in the $67,500 to $69,500 range; if it breaks below $66,000, the risk will widen to $64,000. Several analysts believe the pullback is more like a healthy correction rather than a trend reversal.

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Bitcoin spot ETF net inflows of $471 million in a single day, BlackRock's IBIT claims the top spot

As of April 6, Bitcoin spot ETFs recorded a net inflow of $471 million in a single day. IBIT and FBTC accounted for nearly 70%, indicating that institutional investors prefer stability. On the same day, Ethereum spot ETFs also saw a net inflow of $120 million; market sentiment leaned toward risk-on, and institutional capital’s demand for allocations to mainstream crypto assets remains strong. In addition, BlackRock has filed to enter the Nasdaq 100 ETF market, expanding its ETF product lineup.
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MarketWhisper·6m ago
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Grayscale Cites Google Quantum AI Paper to Urge Blockchains to Accelerate Post-Quantum Cryptography

Grayscale, a digital asset manager, argued on April 6, 2026 that a new research paper from Google Quantum AI makes post-quantum cryptography an urgent priority for public blockchains, as quantum progress may arrive in “discrete jumps” rather than linear steps, requiring as few as 1,200 to 1,450 logical qubits to break classical cryptography.
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CryptopulseElite·13m ago
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TRM Labs tracks on-chain convictions for ISIS financing, sets precedent in Indonesia

An Indonesian court for the first time successfully convicted three terrorist financing suspects using on-chain cryptocurrency evidence, marking an important breakthrough for the country’s law enforcement system. Through a comprehensive analysis of wallet addresses, transaction history, and the flow of funds, Indonesian authorities were able to effectively trace the inflow of money into ISIS activities, demonstrating the potential and importance of on-chain data in combating terrorist financing. The technical support provided by TRM Labs has also been a key factor, and in the future, other countries across Southeast Asia will actively strengthen their blockchain intelligence capabilities.
MarketWhisper·14m ago
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MegaETH releases an investor memo, and in April it will roll out new products and TGE milestones

High-performance Layer 2 protocol MegaETH recently released an investor memo, outlining on-chain progress and updates to the Mafia ecosystem, and clearly set out a KPI-based token generation event plan. GMX, through its deployment on MegaETH, delivers real-time trading experiences with performance close to that of a centralized exchange, further narrowing the performance gap between DeFi and CEX. The team commits to driving stablecoin adoption and the growth of functional applications through accountability mechanisms, and expects to achieve major progress in April.
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MarketWhisper·17m ago
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Fireworks AI launches a training platform, supporting full-parameter training with billions of parameters

Fireworks AI launched a Fireworks Training preview version, transforming from an inference infrastructure to an integrated training-and-deployment platform, offering a three-tier training architecture suitable for users with different technical backgrounds. Its main customers, such as Vercel, Genspark, and Cursor, have already deployed its technology in production environments and achieved significant results. The company emphasizes consistency between training and inference, helping developers assess model stability through publicly available KL-divergence data.
MarketWhisper·28m ago
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Trump Announces April 25 Mar-a-Lago Gala, Dispelling Rumors of Sudden Illness

Trump announced on April 7 that he will hold a meeting and luncheon at Mar-a-Lago on April 25. This news came at the height of the spread of health rumors. A White House spokesperson denied that Trump is ill, emphasizing that he is working normally at the White House. During the rumor period, the price of the TRUMP coin associated with Trump rose at one point, showing how politically themed meme coins are sensitive to news events, but long-term value has remained under pressure; the TRUMP coin is down more than 96% from its all-time high.
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MarketWhisper·42m ago
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BitOK publishes analysis of fund flows following the Solv Protocol exploit

This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers
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Cointelegraph·44m ago

Two major high-win-rate accounts bet on the U.S. seizing Iran’s “enriched uranium,” with the highest win rate reaching 81%

Recently, on prediction market platform Polymarket, two accounts collectively staked $5,900, betting that the odds of the “United States obtaining Iran’s highly enriched uranium before June” are 81%. These two accounts have strong historical performance in Iran-related categories and chose to enter when the valuation was undervalued. According to reports, the U.S. military has proposed a plan to deploy ground forces to seize highly enriched uranium, but it faces legal constraints.
ETH-1,04%
MarketWhisper·1h ago
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