Gate Crypto Flash News and Market Updates

Gate News: According to the latest Gate TradFi data, XAUUSD (Gold) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Ethereum Foundation researcher Devansh Mehta proposed a Validator Revenue Redistribution (VRR) plan at the EthCC conference. It would allow validators to independently redirect a portion of their staked rewards to designated smart contracts, such as public funding platforms or audit organizations. The goal of this proposal is to empower validators to participate in ecosystem governance and security building while reducing reliance on centralized donations.

Gate News update. On April 1, according to people familiar with the matter, Usman Ahmad, CEO of Zodia Markets, the cryptocurrency trading company under Standard Chartered, has left the company. The Zodia Markets website shows that Nick Philpott, who previously served as the company’s head of partnerships, has been appointed interim CEO. As of now, both Zodia Markets and Standard Chartered’s spokespeople have declined to comment on the matter.

U.S. mortgage rates have risen for four straight weeks, reaching the highest level since last August, dampening refinancing and home-buying activity. The 30-year mortgage rate rose to 6.57%, and both the home purchase application index and the refinancing index declined. Inflation concerns have driven rates higher, as the low borrowing-cost effects seen earlier in the year have faded.

Gate News message, on April 1, due to Iran shutting the Strait of Hormuz, Saudi Arabia’s oil exports in March fell by 50%.

Bitcoin mining company Cango Inc. received a remediation notice from the New York Stock Exchange because its share price stayed below $1.00 for 30 consecutive trading days. It has a six-month remediation period. If it does not meet the requirements, it will face a suspension of trading and delisting, but the company’s operations and filing obligations will not be affected.

The chairman of Iran’s government information commission, Hazratati, said that although there are disagreements within the country, the Iranian people remain united in the face of foreign aggression and have confidence in the armed forces and the government. He criticized Trump’s misjudgment of the situation in Iran and emphasized that the enemy failed to achieve its goals.

Franklin Templeton announced on April 1 that it will acquire 250 Digital to expand its cryptocurrency investment business. 250 Digital primarily serves institutional investors and was founded by former CoinFund executives. This move is part of Franklin Templeton’s efforts to deepen its digital asset strategy.

Gate News message, on April 1, according to data monitoring by the on-chain analytics platform Onchain Lens, a whale address once again purchased 21,000 ETH from a certain CEX, worth approximately $44.74 million. At this point, the address’s total ETH holdings have increased to 25,000 ETH, with a current market value of approximately $53.28 million.

At the EthCC conference, Nethermind founder Tomasz Stanczak said that Ethereum has shifted toward efficient execution and market integration, emphasizing the importance of collaboration between the protocol team and developers, and proposing three major technical directions. In addition, he revealed that he is working on a Taiko-based Rollup project to improve integration with traditional finance.

Gate News message. On April 1, the Islamic Republic News Agency (IRNA) reported that Iran launched multiple missile and drone attacks on Israel and U.S. military bases.

Gate News, April 1, according to CME's "FedWatch" data, the probability that the Federal Reserve will raise rates by 25 basis points in April has fallen to 0.5%, down sharply from 12.4% on March 23; the likelihood of a rate hike is virtually negligible. Meanwhile, the probability that the Federal Reserve will keep rates unchanged in April is 99.5%.

Gate News update: On April 1, the Arizona Digital Asset Reserve Bill is approaching the final voting stage. The bill would allow the state to hold the seized BTC and XRP instead of auctioning them off.

The head of the largest energy company in the United Arab Emirates said that Iran’s blockade of the Strait of Hormuz constitutes “global economic extortion,” threatening energy flows and economic stability. He called for international cooperation to address this “intolerable threat.”

On April 1, ahead of the U.S. stock market open, crypto concept stocks generally rose, with SBET seeing the largest gain reaching 2.02%. Others such as COIN, MSTR, and BMNR also rose as well. msx.com is a decentralized RWA trading platform that has already launched multiple U.S. stock and ETF tokens.

Gate News reports that, on April 1, according to Onchain Lens monitoring, a certain whale purchased 4,000 ETH from a certain CEX, valued at $8.54 million.

Ethereum Foundation researcher Jihoon Song presented FOCIL’s progress at the EthCC conference. The project aims to reduce Ethereum’s centralization risk by using a decentralized committee of validators. FOCIL improves blocks’ resistance to censorship by randomly selecting validators and encoding rules, lowers attack risk, and supports account abstraction and privacy protocols. This mechanism has been confirmed as a core feature of Ethereum’s future upgrades.

Gate News, April 1, according to monitoring by BitcoinTreasuries.NET, Strategy accounted for 94% of the total amount of Bitcoin purchased by listed companies in March. In that month, listed companies bought a total of 47,000 BTC, but 9 companies reduced their holdings by 22,000 BTC, narrowing the net increase to 25,000 BTC.

EddyAncogld is betting $170,000 on the prediction market. The US and Iran will not cease fire before April 15, and the current unrealized profit is $2,561. Trump stated that US troops will withdraw from Iran within two to three weeks, while Iran indicated that the decision-making authority regarding negotiations lies with the Supreme Leader.

An analyst at ING said that the re-opening of the Strait of Hormuz could be a key factor driving a sharp drop in the U.S. dollar. It is still unclear whether the strait will re-open, and the U.S. Dollar Index falling back to the March 23 low of 99.0 needs a clearer timeline.