Gate Cryptocurrency News and Market Analysis

_Stablecoins processed $28T in 2025 and could scale to $1.5 quadrillion as adoption and wealth shifts accelerate._ Stablecoins are moving beyond crypto trading into real economic activity at a rapid pace. Payments, remittances, and settlements now form a growing share of on-chain volume. New

The Bank of Korea recommends introducing a circuit breaker mechanism in the crypto-asset industry to prevent abnormal trading, and points out that the Bithumb mistaken payment incident reveals a structural vulnerability. The governor nominee, Hyun-sung Shin, emphasizes that CBDCs and deposit tokens should be the core of digital currencies, and proposes a phased opening strategy for stablecoins. The Bank of Korea also plans to launch an offshore KRW system with real-time gross settlement in 2027 to reduce credit risk.

XRP beats Bitcoin, Ethereum, Solana and Dogecoin in 24-hour ETF flows Cardano founder criticizes XRP Adam Back denies Satoshi rumors again David Schwartz explains why no one alive likely has Satoshi's keys SHIB extends price rally amid 237% surge in burn activity XRP beats Bitcoin, Ethereum,

The U.S. Navy began blockading the Strait of Hormuz starting April 13, U.S. Eastern Time, with all passage halted. Crude oil prices jumped nearly 10% in a single day, while Bitcoin fell 1.2% over the past 24 hours.

Hong Kong police have recently disclosed an online dating scam in which the losses exceeded HK$2 million. The fraudster initiated contact on Instagram, built trust, and then lured the victim in the name of “cryptocurrency investment,” prompting them to exchange in seven installments for USDT and transfer the funds. Police reminded residents to recognize the hallmarks of scams and advised using anti-fraud tools, urging vigilance when engaging in online dating that involves any fund transfers.

Justin Sun has exposed that the World Liberty Finance project has backdoor functions in its smart contracts, allowing asset confiscation without notice. This violates decentralization principles, harming investor rights and undermining trust in the blockchain community.

According to on-chain analysis, after the suspected market-rigging party saw the “Binance Life” token’s price rise by 6x, it allegedly withdrew about 57.88 million tokens from Binance, with a market value as high as $177 million, demonstrating its influence on the market. The token name is derived from Binance founder CZ’s memoir, which has recently attracted widespread attention due to the book’s release, forming a typical “hot-topic bandwagon” Meme coin phenomenon. Investors should be alert to potential sell-off/distribution risks.

Hyperbridge's cross-chain gateway contract was recently attacked. The attacker forged messages to tamper with the contract administrators' permissions, illegally minted 1 billion bridged DOT, and sold it all off—but due to insufficient liquidity, they ultimately made only about $237k in profit. This incident did not affect the security of Polkadot's native chain.

The airdrop program launched by Genius has sparked controversy, and on April 13 it added a refund feature that allows users to burn their allocated airdrop shares within 48 hours after the TGE in order to receive a net-fee refund. The original rules required instant claimers to burn 70% of the tokens, which led to widespread community dissatisfaction and criticism that it was a rule reversal. Users have expressed strong outrage over the unfair cost calculations and potential losses.

In brief A new game based on the arcade classic Space Invaders will let one person earn a real Bitcoin reward. To claim the reward ,they must destroy 10,000 BTC worth of transactions that mirror actual activity on the blockchain. The winner will earn a 10,000 sats bounty, valued

Bitmine rose to the NYSE main board on April 13 and increased its share repurchase authorization from $1 billion to $4 billion to support its stock price. Chairman Tom Lee said that U.S. stocks may have already bottomed out because the Iran-Iraq ceasefire agreement eased geopolitical risks and because the fundamentals of ether (ETH) have improved. Bitmine holds about 4.8 million ETH, and each 1% increase brings roughly $100 million in asset appreciation.

Korean game company NXC is scaling back its crypto assets. As of the end of 2025, its total size was 147.6 billion won, and it sold Bitstamp and plans to exit Korbit. This move reflects NXC shifting toward European industrial investment, with its business becoming more diversified. Revenue growth in 2025 was strong, but net profit fell sharply, mainly due to a lack of non-recurring gains.

OpenAI CEO Sam Altman’s San Francisco residence was recently hit by two attacks, and the suspects have been arrested. The first occurred on April 10, when a man from Texas threw a Molotov cocktail and threatened the OpenAI headquarters; the second took place on April 12, when another pair of men and women fired shots from a vehicle. Altman called for reducing confrontation levels and improving security awareness among technology executives.

Nous Research releases the open-source AI Agent framework Hermes Agent, featuring a long-term memory mechanism based on SQLite and a self-evolving architecture, and supporting one-click migration of OpenClaw's memories and skills. The installation process includes nine steps to ensure safety, and it can be run in an isolated environment via Docker. In addition, Hermes Agent supports local model deployment, making it suitable for users who prioritize data privacy.

Bittensor co-founder characterized Simon Dare’s exit as a “deep betrayal,” accusing his former colleague of intentionally inflicting “maximum pain” on the community and causing significant financial losses for investors. Key Takeaways: Jacob Steeves accused Samuel Dare of betrayal after

_Morpho borrowers paid $170M in interest over one year, Token Terminal data shows, outpacing Aave’s $140M revenue against a comparable $1.5B valuation._ DeFi lending is moving fast. And one protocol nobody was talking about two years ago just posted numbers that are turning heads across the

Justin Sun, the founder of the Tron ecosystem, has publicly criticized World Liberty Financial (WLFI), a decentralized finance project co-founded by Donald Trump’s sons, over what he describes as opaque and rushed governance processes tied to WLFI’s governance token lock-up. Sun, who says he

Bitcoin is set for a potential short squeeze as on-chain indicators illuminate a crowded setup against a backdrop of rising open interest and persistently negative funding rates. After BTC briefly breached $73,000 last Friday, traders are watching how leveraged shorts might be forced to cover as fun

SpaceX's commitment to its Bitcoin reserves, despite significant losses, signals a potential wave of corporate adoption, according to SkyBridge Capital's Anthony Scaramucci. The upcoming IPO will require public disclosure of its $603 million Bitcoin position.

In brief San Francisco police arrested a suspect after an incendiary device was thrown at the home of OpenAI CEO Sam Altman. Officers later detained the same individual near OpenAI’s headquarters after he allegedly threatened to burn down the building. No one was injured, and police say t