Gate Cryptocurrency News and Market Analysis

_Polymarket’s 5- and 15-min crypto markets now average $153M daily trading volume after integrating Chainlink._ _Total volume across short-duration markets has surpassed $4B, with $200M traded in week one of 5-min markets._ _Chainlink’s decentralized data feeds power real-time market

The Federal Reserve's recent minutes revealed mixed signals on potential rate changes, influenced by inflation and geopolitical tensions. Bitcoin's price is currently around $71,000, with analysts divided on its future amid these macroeconomic pressures, relying on factors like the Iran ceasefire and inflation trends.

Stabble, a Solana decentralized exchange, advised users to withdraw liquidity after a former executive was linked to alleged North Korean hacking, causing its total value locked to plummet by 62%. This incident highlighted the importance of personnel trust in decentralized platforms.

A Bank of America report says that prediction markets are expected to see trading volume grow this week, with Kalshi growing 6% under CFTC regulation and accounting for 89% market share. By contrast, Polymarket saw its trading volume fall 16% due to compliance restrictions. Legal disputes between the CFTC and various states will affect the future direction of prediction markets and may reshape the market’s competitive landscape. Major exchanges such as Coinbase and Binance are accelerating entry into this space, further driving prediction markets to become a mainstream financial product.

Ethereum’s on-chain stablecoin activity surged to a record level, with the combined value of stablecoins on the network reaching $180 billion, according to blockchain analytics firm Token Terminal. The figure positions Ethereum as the dominant home for stablecoins, representing roughly 60% of the

Bitcoin dominance easing is encouraging early monitoring activity around memecoins, historically known for fast sentiment-driven rebounds. DOGE and SHIB continue attracting stronger liquidity tracking compared with newer speculative tokens.  PIPPIN, TOSHI, and REKT are being considered fo

SHIB price rose 2.37% while futures activity and trader participation declined. Traders reduced exposure as outflows exceeded inflows across SHIB derivatives markets. Wallet growth hit record levels, signaling strong long-term holder confidence. Shiba Inu posted a modest price increase a

Circle Internet Group（CRCL）stock price fell 9.9%, and Compass Point cut its rating to “Sell,” with a target price of $77, reflecting regulatory risk and the impact of market sentiment. At the same time, a hacking incident involving Drift Protocol triggered a collective lawsuit investigation, indirectly affecting CRCL’s stock price. Market awareness of DeFi risks has increased, and with stablecoin legislation stalled, Circle faces greater structural pressure.

Covenant AI announced on April 10 that it was withdrawing from the Bittensor network, accusing key figure Jacob Steeves of betraying the promise of decentralization and citing multiple suppression actions. Covenant AI emphasized that the apparent decentralized governance of Bittensor is actually controlled by a single person, creating a “decentralization theater.” The team’s decentralized LLM pretraining project, Covenant-72B, has significant influence in the industry; this withdrawal is seen as a proactive choice rather than a failure.

Bitmine Immersion Technologies completes its uplisting from the U.S. board of the New York Stock Exchange (NYSE) to the NYSE, keeping its stock ticker unchanged, and announces that it will expand its share repurchase plan to $4 billion. The uplisting shows that it meets the rigorous standards of the NYSE main board and can attract more institutional investors. The share repurchase plan reflects the company’s commitment to its shareholders and is intended to boost its stock price.

An independent Bitcoin miner using 70 TH/s successfully mined the 944,306th block in April, earning a reward of about $222,012. Although the success rate is extremely low, this event demonstrates the decentralized spirit of the Bitcoin network—any miner has a chance to mine a block. However, according to statistics, last year solo miners mined only 22 blocks, showing the real-world challenges and hardships involved.

Scott Bessent has stepped into the crypto debate with a strong message. He says the Digital Asset Market Clarity Act is not just about finance. Instead, he calls it a matter of national security. In a recent opinion piece published by The Wall Street Journal, Bessent urged lawmakers to act fast. He

FIO Protocol has plunged 17.66% in 60 minutes amid broader cryptocurrency sell-offs, now trading at $0.005178. Increased trading volume and market dynamics suggest cautious sentiment among traders as they reassess positions.