News linked to both this project and an event.
Odaily Odaily News According to the latest weekly report from Gate Ventures, there are signs of a staged recovery at the macro level. While major stock indices showed divergent performance, the overall trend was upward, and market risk appetite has somewhat improved. Against this backdrop, the crypto market rebounded in tandem, with BTC rising by 6.6% and ETH by 4.7%. They also recorded net spot ETF inflows of approximately $823.7 million and $155 million respectively, indicating a strengthening return of capital. The total market capitalization increased by 5.2%, while the market cap excluding BTC and ETH grew by 2.6%, suggesting that upward momentum is beginning to spread to a broader range of assets, albeit at a relatively moderate pace.In terms of asset and sector dynamics, structural opportunities continue to emerge. The top 30 assets averaged a 4.2% increase. Meanwhile, advancements at the on-chain and industry levels are persisting, including ongoing developments in digital currency infrastructure and asset tokenization. Regarding investment and financing, 12 transactions were completed last week, with a total disclosed financing amount of approximately $54.89 million, representing a month-over-month increase of about 31%. Capital primarily flowed into DeFi and infrastructure sectors. Notably, JPYC secured $17.62 million in funding to advance the infrastructure development of its yen-backed stablecoin. 3F completed a $4 million seed funding round, with participants including Gate Ventures. Against the backdrop of a marginally improving macro environment, investment and financing activity has picked up, with capital still focusing on long-term application scenarios and foundational capability building amidst volatile conditions.
according to official sources, the overall fundraise scale for Gate's first Pre-IPO project, SpaceX (SPCX), has reached nearly $395 million. Simultaneously, users who stake in the GUSD pool can also enjoy an annualized return of approximately 2.90%, further enhancing capital utilization efficiency.In terms of pricing, the SPCX IPO subscription price was $590, while the current pre-market quote has risen to $600.99.
RWA leveraged solution 3F has completed a $4 million seed funding round, led by Maven 11, with participation from F-Prime, Metalayer Ventures, GSR, Susquehanna Crypto, Gate Ventures, and others.
Odaily reports: 3F, a vault protocol built on the decentralized lending protocol Morpho, has completed a total of $4 million in funding. The round was led by Maven 11, with participation from F-Prime, GSR, Gate Ventures, and other institutions. The company did not disclose its specific valuation.Built on top of Morpho, 3F aims to provide users with leveraged exposure to RWAs through a "one-click" operation. Users simply select their target asset and desired leverage multiple, and the protocol automatically executes the entire position-building process: purchasing the underlying asset via short-term bridge financing, depositing it as collateral on Morpho, and borrowing stablecoins to repay the financing.Essentially, this mechanism simplifies the traditional "looping" process in DeFi, which involves repeatedly buying assets, depositing them as collateral, borrowing, and reinvesting. While this process can be executed efficiently via flash loans in purely crypto-native assets, it is typically more complex and less efficient in the RWA context due to issues like settlement delays.3F is expected to officially launch in the second quarter of this year.
Odaily News: International gold and silver prices have experienced a slight pullback. Among them, gold (XAUT) saw a minor 24-hour decline of 1.10%, currently quoted at $4,752.65; silver (XAG) fell by 1.93%, currently quoted at $77.78. Despite signs of temporary easing in the international situation, market risk aversion sentiment remains strong, driving increased activity in both trading and open interest for related contracts.According to CoinGlass data, the 24-hour trading volume for Gate XAU contracts reached $197 million, a sequential increase of 68.68%, with open interest reaching $22.11 million. The 24-hour trading volume for Gate XAG contracts reached $143 million, a substantial sequential increase of 108.06%, with open interest reaching $15.30 million.Gate pioneered the metal contract trading sector, offering 7×24 hour continuous trading, providing users with greater strategic flexibility and asset management efficiency in volatile market conditions. Gate contracts now cover a wide range of traditional financial assets including stocks, metals, forex, indices, and commodities, supporting trading of core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.
Odaily News According to CoinGlass data, index-based contracts have been generally active over the past 4 hours. Among them, the HK50 contract on the Gate platform saw a position increase of up to 2647.1%, ranking first across the entire market.Gate pioneered the global index perpetual contract, using mainstream global indices and volatility indices as underlying assets, introducing market sentiment indicators into the crypto derivatives trading system. While maintaining the advantages of USDT settlement and 7×24 hour trading, it provides users with trading choices that are closer to the global macro market. Simultaneously, Gate has fully deployed a traditional finance trading zone covering stocks, metals, foreign exchange, indices, and commodities, continuously building a multi-asset contract system covering mainstream TradFi assets, and creating the industry's most comprehensive index and traditional financial asset contract trading zone.
Odaily News Digital asset trading platform Gate will launch the first Pre-IPOs project, SpaceX (SPCX), opening a channel for pre-listing asset subscriptions. This product supports participation with both USDT and GUSD. Upon completion of the subscription, SPCX asset vouchers will enter the pre-market trading market in a 100% unlocked form.The subscription period for this round is from 18:00 on April 20, 2026, to 18:00 on April 22, 2026 (UTC+8). SPCX is expected to be distributed before 18:00 on May 6 (UTC+8). The total subscription amount is 33,900 SPCX, with a total value of approximately $20.001 million, a unit price of $590, corresponding to an implied valuation of about $1.4 trillion.In terms of mechanism, Pre-IPOs adopts an "average hourly locked amount" for allocation, emphasizing the weight of early participation. After obtaining the asset vouchers, SPCX supports pre-market trading or subsequent delivery. Furthermore, the minimum participation threshold for this round is only 100 USDT, with no hidden costs such as handling fees, custody fees, or profit commissions.Gate Pre-IPOs focuses on early participation opportunities in high-quality projects before their listing, opening a new gateway for individual investors to access global premium assets. In the future, the platform will continue to expand more high-quality targets and product forms, promoting the industry towards a more open and efficient direction.
Odaily News: The metal market continues its upward trend. Among them, international silver reached a 24-hour high of $81.07 and is currently trading at $80.20, representing a 24-hour increase of approximately 5.24%; international gold reached a 24-hour high of $4,847.1 and is currently trading at $4,806.1, representing a 24-hour increase of approximately 1.35%. Against the backdrop of persistently strong metal prices, market trading sentiment has noticeably heated up.According to CoinGlass data, metal contract trading on the Gate platform is performing actively. Among them, the 24-hour contract trading volume for silver is approximately $168 million, ranking among the industry's top performers; the current open interest for gold is approximately $35.8041 million, also at an industry-leading level. Driven by the upward price movement, bullish sentiment dominates, further boosting market activity.Gate pioneered the metal contract trading sector, offering 7×24 non-stop trading, providing users with greater strategic flexibility and asset management efficiency in volatile market conditions. Gate contracts already cover various traditional financial assets including stocks, metals, forex, indices, and commodities, supporting trading of core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.