Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
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.
04-07 01:23
Market Whisper

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.
04-07 01:15
Market Whisper

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.
04-07 01:10
Market Whisper

Latest Article

More

Stabble sparks scandal involving North Korean employees, urgently urging LPs to withdraw liquidity as a hedge

Solana ecosystem decentralized exchange Stabble issued an emergency notice on April 8 due to warnings triggered by an association involving a North Korean developer, which raised concerns that liquidity providers may withdraw funds. Although no smart contract vulnerabilities or fund losses were found, the incident reflects the long-term threat of North Korean technical personnel infiltrating the crypto industry and exposes the risk of identity checks for project developers. Stabble plans to conduct a new round of security audits to ensure the safety of funds.
STB-31,72%
DRIFT35,62%
RDNT-2,23%
MarketWhisper·4m ago
news-image

FDIC issues stablecoin rollout guidance, with banks strictly controlling reserves and redemptions

The U.S. FDIC approved a proposal on April 7 to establish a federal regulatory framework for stablecoins, covering four main compliance requirements: reserves, redemptions, capital, and risk management. The proposal is intended to improve stablecoin compliance and bring stablecoins into the banking system, ensuring that stablecoin holders can redeem at par. However, stablecoins are not protected by federal deposit insurance. The proposal is currently in the public comment period.
MarketWhisper·12m ago
news-image

Fifth Element Star Milla Jovovich Reveals AI Memory Tool MemPalace

In brief Actress Milla Jovovich says she helped build an AI knowledge tool called MemPalace, inspired by the ancient memory palace mnemonic technique. The system organizes documents in virtual rooms instead of relying on keyword searches. Jovovich designed the concept while Bitcoin
BTC4,11%
Decrypt·17m ago

Nexera-Powered Evergon v0.23 Makes Crypto Tokenization Simple

_Evergon v0.23 groups sales into projects, showing aggregated fundraising progress for investors._ _ERC-721 deployment and RWA 2.0 support now allow NFT and real-world asset tokenization._ _Porto wallet integration enables email-first access and Keypass-style transaction signing._ Evergon
LiveBTCNews·1h ago