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According to Onchain Lens monitoring, a whale (0xEe0...b71C) has withdrawn 72,264 HYPE, worth $3.06 million, from Gate. The whale currently holds 396,820 HYPE, with a total value of $16.8 million.
According to an official announcement, the on-chain burn of GateToken (GT) for the first quarter of 2026 has been officially completed, with a total of 2,557,729.381387 GT transferred to the burn address, representing a burn value exceeding $20.68 million.Since the launch of the Gate Chain mainnet in 2019, GT has maintained a continuous burn mechanism. To date, a total of 187,377,156 GT have been burned, with a cumulative burn value exceeding $1.382 billion (at current prices). The total token supply has been significantly reduced by approximately 62.46% from its initial 300 million tokens.With the launch of Gate Layer and the gradual rollout of native applications such as Gate Perp DEX, Gate Fun, and Meme Go, the utility frequency of GT, the sole Gas token for Gate Layer, has been continuously increasing. Concurrently, Gate is driving the coordinated development of infrastructure and applications including Gate for AI Agent, GateClaw, Gate.AI, and GateRouter, leading to a simultaneous increase in on-chain transaction and interaction demand. Gate will continue to implement its long-term, stable GT burn mechanism, fostering a tighter positive feedback loop between the token's economic model and real usage demand alongside ecosystem expansion.
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.
According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, the price of RAVE has plummeted from a high of $28 to $0.45, with a rebound to $2.68 during the period.A new address withdrew 635,000 RAVE from Gate 4 hours ago, worth approximately $908,000.
Odaily News According to an official announcement, Gate has integrated with the Kasplex L2 network and enabled deposits and withdrawals for Kaspa (KAS) tokens on the Kasplex L2 network. Users can now withdraw KAS from the Kaspa L1 to Kasplex L2 wallets via Gate, significantly lowering the entry barrier and enhancing asset transfer efficiency and on-chain interaction experience.Kasplex is a Layer 2 network built on the Kaspa ecosystem, designed to improve smart contract compatibility and transaction processing efficiency, supporting a wider range of decentralized applications (dApps) to operate securely and efficiently within the Kaspa ecosystem. As an L2 network sequenced by Kaspa L1, Kasplex still uses KAS as its sole network token.
Odaily News According to Odaily, as geopolitical tensions eased and inflationary pressures subsided, market risk appetite showed a significant recovery over the past week, with oil prices falling and the VIX declining. BTC is currently fluctuating around $75,000. On the capital front, institutional buying has regained dominance, with both BTC ETF and ETH ETF recording net inflows. In terms of trading structure, capital is concentrating towards high-liquidity assets and leading platforms, trading in macro high-volatility assets like crude oil remains active, while stablecoins and the DeFi ecosystem are also undergoing synchronous repair.Against this backdrop, Gate's institutional trading performance continues to improve, with spot and derivatives trading overall outperforming the market, and derivatives maintaining industry leadership. With the iteration of market maker fee rates and assessment mechanisms, the activity of mid-tier clients has increased, further improving the trading structure. CrossEx trading volume and capital deposits have reached new highs, and collaboration with asset management and OTC Loan services is accelerating. In terms of capital business, demand for mainstream assets like ETH and USDT has rebounded, and the gradual implementation of AI customer service is enhancing institutional service efficiency.Simultaneously, Gate's multi-asset trading system continues to meet institutional demand. The platform covers multiple asset classes including metals, stocks, indices, forex, and commodities, with related derivatives trading remaining active. Leveraging the SuperLink architecture and cross-venue capital scheduling capabilities, Gate continues to provide institutions with more flexible trading and risk management tools.
Odaily News: Digital asset trading platform Gate will list the first Pre-IPOs project SpaceX (SPCX) and simultaneously launch an airdrop incentive program targeting high-tier users and super agents.The subscription period for this SpaceX (SPCX) project is from 18:00 on April 20, 2026, to 18:00 on April 22, 2026 (UTC+8). The total subscription amount is 33,900 SPCX, valued at approximately $20.001 million. The project supports subscriptions in USDT and GUSD. Upon completion of the subscription, tokens will be 100% unlocked for pre-market trading.Concurrently, the platform has initiated a VIP-exclusive airdrop event, distributing SPCX asset vouchers to users with VIP level 5 and above and super agents. The event runs from 18:00 on April 15, 2026, to 18:00 on April 22, 2026 (UTC+8). Users must meet conditions such as registration and net deposits to participate. Rewards will be distributed in tiers based on VIP level and will be issued collectively after the subscription period ends. Additionally, eligible super agents can also receive a fixed quota of SPCX airdrops.
According to on-chain analyst Yujin (@EmberCN), the suspected ARIA controller sold 45.64 million ARIA tokens in bulk today at dawn via eight wallets, receiving 5.42 million USDT in return—the average sale price was $0.12. This large-scale sell-off caused ARIA’s price to plummet from $1.01 to $0.09, a 91% decline, and its circulating market cap dropped from $315 million to $38.5 million. The aforementioned 45.64 million ARIA tokens were withdrawn from Gate onto the blockchain three weeks ago.