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The globally leading digital asset trading platform Gate has released its latest quarterly report, showcasing strong momentum in the continuous expansion of several core businesses. Gate Perp DEX has entered a phase of scaled growth based on a mature product system, with a cumulative trading volume exceeding $13 billion in the first quarter, over 10 million transactions, and the number of trading pairs surpassing 600. While covering mainstream crypto assets, it has also introduced TradFi perpetual contracts for gold, silver, and crude oil, pushing the platform to extend from single crypto derivatives trading to a multi-asset market.At the same time, the ETF and derivatives markets have shown active performance, with quarterly ETF trading volume increasing from 6.7 billion USDT at the beginning of the year to over 18 billion USDT, covering more than 320 trading pairs; the daily trading user growth for options business has increased by 54.6%. TradFi-related products have become an important driving force for the growth of derivatives, promoting the trading structure from single crypto assets to a multi-asset system.In terms of institutional and product ecosystem, the platform's growth momentum continues to be released. The trading volume of institutional contracts has increased by over 50% compared to the end of last year, and the total number of institutional users has grown by over 66%; asset management scale has increased by 22%, and trading volume has grown by 192%. CrossEx trading volume and net asset scale have achieved approximately 9.4 times and 3.1 times growth, respectively. Gate's multi-business collaborative growth, relying on the integration of TradFi and crypto assets, is accelerating its evolution into a comprehensive multi-asset trading platform.

The DeFi United ecological rescue initiative led by Aave is ongoing. The Arbitrum DAO has released 30,765 ETH that was frozen after the rsETH incident on April 18. The designated donation address has accumulated a total of 100,360 ETH to address the collateral asset gap caused by the rsETH incident on April 18.The plan aims to restore the rsETH backing assets through multi-party collaboration, stabilize the market, and prevent the spread of bad debts across protocols. The funds will be used to support the recovery of collateral rates and gradually promote market normalization in conjunction with relevant protocols.Current major commitments or participants include: Arbitrum DAO releasing 30,765 ETH frozen after the rsETH incident on April 18, Mantle proposing to contribute 30,000 ETH, AaveDAO proposing to contribute 25,000 ETH, Aave founder Stani Kulechov confirming to provide 5,000 ETH, EtherFi proposing to provide 5,000 ETH, Lido proposing to provide 2,500 stETH, Golem Foundation and related projects totaling 1,000 ETH, among others. Additionally, LayerZero, Ethena, FraxFinance, InkFoundation, and others have also confirmed participation, but specific amounts have not yet been disclosed.It should be noted that the progress of this rescue still relies on several external key conditions, including KelpDAO restoring rsETH redemptions and the Arbitrum security committee releasing frozen assets. The overall recovery time and effectiveness remain uncertain.

According to Gate market data, the S&P 500 index reached a new intraday high, rising 0.13% latest.

According to Decrypt, Admiral Samuel Paparo, the commander of the U.S. Pacific Command, stated during a hearing before the U.S. House Armed Services Committee that the U.S. government is currently running a Bitcoin node for cybersecurity-related testing, but is not engaged in mining.Paparo indicated that the U.S. military's interest in Bitcoin primarily focuses on its value as a computer science tool, including cryptography, blockchain, and reusable proof-of-work mechanisms, with the aim of using the Bitcoin protocol to strengthen cybersecurity and enhance military capabilities, which is still in the experimental stage. He also mentioned that maintaining the global dominance of the U.S. dollar aligns with U.S. military interests and gave a positive evaluation of the stablecoin legalization bill, the GENIUS Act, signed by Trump last summer, believing that the bill helps to solidify the global position of the dollar.

According to monitoring by Hyperinsight, after the market rise this morning, HYPE rebounded to around 40 dollars and fluctuated, with a 24-hour decline still reaching 3%. The latest whale (0xec8) on Hyperliquid opened a 5x leveraged HYPE short position in the past hour, with an average price of 40.04 dollars and a liquidation price of 46.6 dollars, with a position size of approximately 3.38 million dollars.In addition, among the whales that opened positions during the day (with a size over 1 million dollars), the address (0x4a8) closest to the liquidation line opened a position at 1 PM today, with an average price of 39.64 dollars, and has now turned from profit to loss. If HYPE rises to 41.6 dollars, this position will trigger liquidation.

As high APY and liquidity bonuses gradually recede, DeFi is undergoing a critical cycle test from "narrative-driven" to "real demand."On April 21st at 8 PM, the themed Space "From Narrative-Driven to Real Demand: What Cycle Test is DeFi Undergoing?" will commence. This session will focus on three core topics: whether DeFi can return to the narrative mainline under the diversion of AI and RWA; whether JUST's completion of the third round of buyback and destruction marks a shift in value standards from high APY to real returns; and how ordinary users can identify signals and misconceptions in a volatile market. The event will feature special guests including WinkLink Oracle, with multiple speakers participating in the discussion.Users are encouraged to follow the official accounts @sunpumpmeme and @Agent_SunGenX, retweet the post, and @ three friends. The official account will randomly select 5 lucky users from participants to receive a reward of 10 USDT each.

The Solana ecosystem perpetual contract trading platform Pacifica announced that the Vaults feature has officially launched on the testnet. Users can browse existing vaults and deposit funds to follow strategies for returns, or they can create their own vaults, set deposit limits, profit and loss distribution ratios, and manage trades.In addition, the official statement indicated that all Pacifica users included in the snapshot on April 18 can enjoy a 3x points loyalty bonus each week. Currently, the platform has issued approximately 333 million points, with a weekly trading volume of $2.455 billion.

According to Decrypt, Coinbase is testing AI agents integrated with Slack and email to provide high-level feedback to employees as virtual colleagues. The first systems are designed based on the decision-making styles of co-founder Fred Ehrsam and former CTO Balaji Srinivasan, with the "Fred" agent assisting in refining documents, strategies, and concepts, while the "Balaji" agent focuses on inspiring innovation and new perspectives.Coinbase CEO Brian Armstrong stated that the next step will make it easier for employees to create more agent employees, and in the future, agents may not necessarily be digital avatars of real people, adding that the number of AI agents at the company may soon exceed that of human employees.

DefiLlama founder 0xngmi has outlined three possible courses of action that KelpDAO may take following the rsETH hacking incident. Each of the three paths has significant flaws, and the final decision will test KelpDAO's credibility and Aave's risk tolerance.Path One: All users share the losses. KelpDAO will uniformly deduct 18.5% of the losses from all rsETH holders proportionally. Currently, there are about 666,000 rsETH collateralized across the Aave network, primarily highly leveraged on the mainnet and L2 (assuming all are at a 95% liquidation LTV). Once socialized losses occur, the equity of all positions on the mainnet will be completely wiped out, resulting in approximately $216 million in bad debt. The Umbrella protocol can cover $55 million in bad debt, and the Aave treasury will additionally bear $85 million, leaving a gap of about $76 million. KelpDAO may fill this gap by borrowing or selling Aave tokens (currently valued at about $51 million), but this would still put significant pressure on Aave, and all users would need to share the losses.Path Two: Directly rug the rsETH holders on L2. KelpDAO will only guarantee the mainnet rsETH and consider the rsETH on L2 as worthless. Currently, Aave L2 has about $359 million in rsETH collateral (calculated at current oracle prices), and if all are calculated at maximum leverage, it would result in approximately $341 million in bad debt, which cannot be covered by the Umbrella protocol at all. Aave can only use the treasury or borrowing to save part of the market, most likely abandoning chains like Arbitrum, Mantle, and Base, which have the largest losses, leading to a collapse of these L2 markets. This option has a minor impact on the Aave mainnet but would severely damage the credibility of the L2 ecosystem and could trigger a chain reaction.Path Three: Attempt to refund only the holders based on a snapshot taken before the hack, which is extremely difficult to execute. KelpDAO tries to fully refund only the rsETH holders based on the snapshot taken before the hack, while subsequent buyers or transfer holders would bear the losses themselves. However, since funds have significantly flowed after the attack, and the nature of DeFi protocols is liquidity pools, it is impossible to truly distinguish between different batches of depositors, making technical execution very challenging. The hacker borrowed $124 million on the Aave mainnet and $18 million on Arbitrum, and after deducting the coverage from the Umbrella protocol, there remains about $91 million in losses. Although this plan theoretically minimizes the spread of impact, its practical implementation is nearly impossible and could easily lead to legal and community disputes.

According to the official announcement from OneBullEx, the platform will officially launch the targeted testing of its AI strategy tool OneAlpha on April 20, 2026, to optimize product experience and collect real user feedback.It is reported that OneAlpha is aimed at futures trading scenarios, allowing users to generate trading strategies through natural language and complete processes such as strategy generation, validation, optimization, and deployment within the platform. During the testing period, users will have priority access to features such as natural language input, strategy logic generation, code generation, strategy validation, strategy optimization, deployment, and performance tracking.The internal testing period is from April 20, 2026, to May 3, 2026, lasting two weeks. Registration will be conducted through targeted invitations, with users invited to participate by BD and official OneBullEx channels, and the registration deadline is April 26. Users can contact customer service through official channels to learn about the registration method and participation details.

The Ministry of Economy and Finance of South Korea announced that it will launch a pilot program for blockchain deposit tokens in Sejong City in the fourth quarter of 2026, to replace traditional government procurement card payments.The project has been approved under the 2026 regulatory sandbox program, allowing institutions to pay business promotion expenses in the form of tokenized deposits. Token payments can preset spending limits and available industry ranges, helping to reduce the need for manual audits and lowering transaction fees for small businesses by removing intermediaries such as card networks.This is the second application of deposit tokens in fiscal operations, following the completion of the first pilot in the electric vehicle charging infrastructure subsidy program. If the pilot proves effective, the Ministry of Finance of South Korea plans to further promote the program.

AI native infrastructure and programmable IP blockchain Story announced the launch of the Confidential Data Rails (CDR) testnet, a universal secure data transmission architecture designed to enable the secure flow and compliant use of sensitive data in AI and general scenarios, under the premise that data is always encrypted and does not leave the domain.CDR supports end-to-end encryption, preset access permissions, and provides secure sharing capabilities for API keys and integration credentials. In addition, Story, as the infrastructure provider for the Seoul Exchange over the next two years, will provide ongoing technical and ecological support for the Korean RWA market.

According to analyst Alicharts, Bitcoin is at a critical turning point. Bitcoin is testing the 100-day Simple Moving Average (SMA) resistance level, marking its third test in six months. The previous two tests ended in failure: in October last year, Bitcoin faced rejection, leading to a 30% drop from $116,000 to $80,000. In January, Bitcoin similarly faced rejection, resulting in a 39% drop from $97,000 to $59,800.Alicharts warns that a third rejection here would represent a significant structural failure. It could trigger a triple top effect, potentially pushing Bitcoin's price back to the annual low of $59,800. If BTC can ultimately break through this barrier and close above the 100-day SMA, then the upper limit will be breached. A breakout here would open a direct path to $80,000 - $84,000, confirming that the macro adjustment may have ended.

According to official news, the scalable blockchain network AO based on Arweave has announced the launch of the "Network Availability Staking Alpha (NASA)" testing program, which is a key step in its AO ecosystem aimed at enhancing the availability and reliability of decentralized data networks through a staking mechanism. The program is currently in the Alpha stage, and users can participate in network availability verification and earn rewards by providing data services for Arweave gateways and staking AO tokens.In the first pilot phase, AO introduces the "availability staking" mechanism, requiring node operators to stake 25 AO to participate in the network and compete for the speed and stability of responding to user requests. The system will allocate rewards from a monthly reward pool of 1000 AO based on the performance of nodes in data services. This mechanism relies on the next-generation HyperBEAM architecture, enabling higher levels of verifiability and trustlessness for gateway and routing services while significantly reducing operational costs.The project team stated that NASA aims to establish a stronger decentralized economic model for the entire permanent network infrastructure, paving the way for future expansion into areas such as computing scheduling, data indexing, and network services. Although the current reward scale is small and still in the testing phase, the program is seen as an important starting point for the AO-Core economic system and will gradually expand to more network infrastructure services in the future.

According to Gate market data, after the release of the US PPI data, the US dollar index DXY continued to decline, latest down 0.4% to 98.02 points.

Twin3 has proposed a digital identity soul infrastructure oriented towards the Agent economy, with the core idea being to give everyone a "digital body"—by binding human identity, personality, and experiences on-chain through a 256-dimensional Soulbound Token.Users can deploy personal AI agents based on this digital identity, joining the Agentic ecosystem to participate in automated economic collaboration, making human real experiences into verifiable and tradable RWA assets.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated that peace negotiations typically move from disagreement to consensus. The motivation for continued warfare among all parties is weakening under the current circumstances, and the conflict may gradually come to an end. "We still insist that the war will end; neither side has any reason to continue fighting. Waiting for a rebound without taking profits, the moment an agreement is reached will be a bullish signal."He pointed out that, from a medium to long-term perspective, the market is generally waiting for a potential large-scale financial crisis. There are signs of defensive positioning on the funding side, such as large capital holding a high proportion of cash and sovereign entities increasing their gold holdings. In this context, if a crisis occurs again, it will be a key moment to test whether Bitcoin possesses the attributes of a safe-haven asset, and it may also present significant opportunities for low-position allocations.In addition, Yi Lihua believes that AI technology is bringing a new round of opportunities for outstanding entrepreneurs. A small number of teams can create global products, reducing financing and organizational management costs. Especially experienced serial entrepreneurs should seize this "AI Age of Exploration."

According to official news, the digital asset investment platform Grayscale has recently updated its list of candidate assets, covering six major cryptocurrency sectors, with new candidate assets particularly concentrated in the AI and finance categories.The AI sector has the most new candidate assets, including a total of 9 projects: Fabric Protocol, Flock, Grass, Kaito, Kite AI, Nous Research, Poseidon, Venice, and Virtuals Protocol. These are considered alongside Bittensor, Livepeer, Near, Render, and Story, reflecting institutional interest in the AI + cryptocurrency sector.In the finance sector, 7 DeFi projects have entered the candidate list: Ethena, Hyperliquid, Jupiter, Kamino Finance, Maple Finance, Morpho, and Pendle, complementing existing products such as Aave, Aerodrome, Curve, Ondo, and Uniswap.In the smart contract platform sector, 6 new projects have been added: Celo, Mantle, MegaETH, Monad, Toncoin, and Tron, with Canton Network also included. The utility tools sector has added DoubleZero, Geodnet, Helium, Jito, LayerZero, and Wormhole.Currently, Grayscale's existing product suite covers mainstream assets such as BTC, ETH, SOL, XRP, AVAX, BNB, and ADA. The candidate list does not guarantee that related products will be launched, and Grayscale has stated that it will update the list within 15 days after the end of each quarter.