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Gate is hosting an F1 Red Bull Racing car display parade in Hong Kong, with the display cars appearing around Victoria Harbour and proceeding along a designated route, attracting market and public attention.This parade serves as an important offline action in the cross-industry collaboration between Gate and the F1 Red Bull Racing team, bringing top-tier racing culture into urban landmark scenes, enhancing brand exposure and discussion.From April 18 to 24, Gate will also launch the "Racing the Future" outdoor cross-industry exhibition at the K11 MUSEA waterfront promenade in Hong Kong, which will focus on showcasing Red Bull Racing cars and related equipment, as well as setting up interactive experience areas.As the official sponsor of the F1 Red Bull Racing team, this exhibition will be the first to showcase the brand new 2026 Red Bull Racing car and core equipment, introducing an immersive interactive experience area that recreates the fusion of top racing engineering and the aesthetics of speed.In addition, Gate will hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the unveiling of the F1 Red Bull Racing display car and brand collaboration will take place. That evening, Gate will also host a high-end anniversary dinner event at the Rosewood Hong Kong, where platform founder and CEO Dr. Han will be present, and it is expected that over 300 representatives from top industry institutions and partners will be invited to participate in the exchange.

According to The Block, after the rebound driven by the ceasefire in the Middle East faded, Bitcoin hovered around $71,000, while Ethereum was around $2,190, and the overall cryptocurrency market weakened simultaneously. Analysts pointed out that the breakdown of US-Iran negotiations and the escalation of tensions around the Strait of Hormuz have caused the market to revert to the macro trading logic of "rising oil prices - increasing inflation expectations - declining risk appetite."Institutions believe that Bitcoin faces significant resistance around $74,000, compounded by crude oil returning above $100, putting pressure on capital risk appetite. However, most opinions suggest that the current pullback has not yet evolved into panic selling. Data shows that last week, the spot Bitcoin ETF still recorded nearly $1 billion in net inflows, and the scale of forced liquidations was significantly lower than the levels in the first quarter, indicating that the market's ability to absorb shocks has improved.Structurally, there is still strong selling pressure in the $70,000 to $80,000 range, with about 13.5 million addresses in a state of unrealized losses, limiting upside potential. At the same time, the scale of open futures contracts has decreased by more than 50% from the peak in 2025, showing that the previous excessive leverage has been somewhat cleared, and the market structure is becoming healthier. Bitcoin currently resembles a macro asset rather than an independent market, with its movements still highly dependent on inflation and liquidity conditions. In the context of rising inflation in the US and cautious monetary policy, Bitcoin may maintain a volatile pattern in the short term.

DeFi project Steakhouse Financial disclosed yesterday that it encountered a phone social engineering attack targeting OVH Cloud, where the attacker changed the DNS A records of the main site and app subdomains to point to a malicious IP, and attempted to initiate a 5-day domain transfer. The related changes have been revoked, the DNS records have been cleared, and they are working with OVH to resolve the issue. All vaults and contracts were unaffected, depositor funds are safe, and no other service accounts were compromised. Please do not interact with the official website and emails until the issue is resolved; a detailed post-incident report will be released as soon as possible.Early this morning, Steakhouse Financial stated that during the period when the official website domain DNS records were cleared, the vault could still be accessed directly through Morpho, and all functions such as deposits and withdrawals were operating normally. Confirmation will be provided once the front end is restored.

According to the Financial Times, despite U.S. President Trump threatening to seize Iran's oil production rights, he simultaneously emphasized that indirect negotiations with Iran are underway through a "special envoy" from Pakistan, and progress is being made. When asked whether a ceasefire agreement could be reached in the coming days and whether the Strait of Hormuz could be reopened, Trump declined to provide specific details.He stated, "We have about 3,000 targets left to bomb—13,000 targets have already been bombed—there are several thousand more targets to execute. An agreement is expected to be reached soon."Last week, Trump claimed that Iran had allowed 10 oil tankers flying the Pakistani flag to pass through the Strait of Hormuz, describing this move as "a gift to the White House." He stated that this number has now increased to 20 tankers, and the first batch has set sail, "sailing right through the center of the strait." He also mentioned that Iranian Parliament Speaker Ghalibaf had personally authorized the passage of these tankers.

According to Bitcoin Laws disclosed on the X platform, the "Bitcoin Reserve Act" HB1695 in the Tennessee House of Representatives has been "put behind the budget," which means the bill has been "softly shelved" due to its later scheduling in the legislative agenda.The corresponding Senate bill (No. 2639) is still progressing.

This week, a compromise proposal regarding the yield section of the Clarity Act by U.S. Senators has sparked mixed reactions within the crypto industry. Coinbase has expressed dissatisfaction with the latest compromise text to the senator's staff but has not publicly stated opposition.The proposal was presented to stakeholders in the crypto industry on Monday, with some expressing dissatisfaction while others felt the outcome was better than expected. The proposal will instruct certain regulatory agencies to formulate rules to clarify the regulatory approach to yield-generating activities, but there are concerns that regulators may set subjective standards. Additionally, the text may limit companies' ability to tie rewards to the scale of stablecoin transactions.During this week's industry conference call, Coinbase had disagreements with other parties, with some companies believing that giving up certain stablecoin rewards is too costly, while others felt that losing the Clarity Act poses a greater risk to the overall legislative framework for the crypto industry. Previously, news related to this compromise proposal had impacted the market, with Circle's stock price dropping 20% on Tuesday and slightly rebounding on Wednesday.White House crypto advisor Patrick Witt criticized the related predictions on the X platform as "uninformed" and stated that "everything will be resolved." The final text is expected to be released this weekend or early next week.

According to Jinshi reports, Federal Reserve Governor Mian stated that the current policy of the Federal Reserve is incorrectly suppressing economic growth.

According to a post from Cysic's official X account, the @cysic_fdn account was hacked due to unauthorized delegated operations. The team is currently working to revoke related access permissions and fix account security, reminding users to ignore any suspicious content posted by the account during this period.

According to Asia Economic Report, the Korean National Police Agency recently completed a draft directive for the management of compressed virtual assets, which for the first time includes management guidelines related to "dark coins" (highly anonymous virtual currencies) and clarifies the management plan for software wallets (hot wallets). Dark coins have been difficult to trace in transactions and have been used in criminal cases such as the "Room N" case and money laundering activities in North Korea. It is reported that the virtual assets compressed by the Korean police over the past five years are estimated to be about 54.5 billion won at current market prices, of which Bitcoin accounts for about 50.7 billion won and Ethereum about 1.8 billion won.In addition, the police agency plans to complete the selection of private custodial institutions within the first half of the year, but the previous three bidding attempts failed due to issues such as a budget of only 83 million won and the small scale of qualified institutions. Experts suggest establishing a government-led professional unified custodial system to prevent security vulnerabilities and internal risks.

The Ethereum Foundation's dAI team has partnered with Virtuals Protocol to launch a new standard, ERC-8183. ERC-8183 is designed for commercial transactions between AI Agents, defining a set of on-chain rules that allow two untrusted Agents to complete business processes such as "hire---deliver---settle" without relying on centralized platforms.

Vitalik posted on the X platform stating that Ethereum has been discussing account abstraction (AA) since early 2016. Now, EIP-8141 serves as a comprehensive proposal aimed at addressing all remaining issues related to AA. The core concept of this proposal is "frame transactions," where a transaction contains N calls that can read each other's call data and can authorize the sender and gas payer.This mechanism supports various use cases: ordinary account transactions (such as multi-signature, variable keys, quantum-resistant signature schemes) are completed through validating frames and executing frames; when paying gas fees with non-ETH tokens, it can be achieved through the main contract without any intermediaries.In terms of privacy protocols, ZK-SNARK verification or the addition of two-dimensional randomness can be implemented through payment contracts. Regarding security, on-chain transactions are only valid when the validating frame returns an ACCEPT with a gas payment flag, while the memory pool layer will initially adopt conservative rules, gradually expanding later.EIP-8141 is highly complementary to FOCIL, with FOCIL ensuring quick transaction inclusion and AA ensuring that complex operations can be executed as first-class transactions directly. The proposal is also discussing EOA compatibility, which is theoretically feasible. After more than a decade of research, these technologies are expected to be implemented within a year through the Hegota fork.

According to Jinshi, the U.S. non-farm payrolls unexpectedly surged, hitting the U.S. bond market, as traders rushed to cut bets on the Federal Reserve lowering interest rates this year. Short-term government bonds were hit hardest, with the two-year Treasury yield rising by 6 basis points to around 3.51%. The money market currently expects the Fed's next rate cut to occur in July, rather than the previously anticipated June.After the U.S. stock market closed flat, Asian stock index futures showed mixed trends. Futures indicate that the Japanese stock market will rise after reopening on Thursday following a holiday, while the Australian benchmark stock index contract saw a decline. These fluctuations suggest that the current strength of the U.S. economy is offsetting the market's desire for lower borrowing costs, supporting risk sentiment.Bret Kenwell from eToro stated that investors should welcome the U.S. employment report, even if it gives the Fed more room to keep rates unchanged. He noted, "If the labor market does stabilize, it will be constructive for both the economy and the market."

At the recent "Build and Scale in 2026" themed forum held in Hong Kong, guests including Lulu, the APAC market head of Billions, Laughing, the APAC head of KiteAI, Carter Feldman, founder and CEO of Psy Protocol, and Bitcoinmaodu, CEO of Huazhi Education RWA, engaged in a roundtable discussion on the topic of "Web3 New Phase: From 'Technological Vision' to 'Mainstream Consumption'."Lulu, the APAC market head of Billions, pointed out that the fundamental challenge in the AI era is the issue of identity and trust. She emphasized that future infrastructure must strike a balance between privacy protection and regulatory auditing, and believes that by 2026, the market's core will shift from speculation to infrastructure, particularly in meeting the identity and accountability verification (KYA) required by AI agents.Laughing, the APAC head of KiteAI, focused on the payment security of AI agents. He stated that blockchain technology is needed for permission control and behavior auditing of AI agents, establishing a "responsibility attribution closed loop" to build a secure and trustworthy payment system.Carter Feldman, founder and CEO of Psy Protocol, believes that the current blockchain cannot support the billions of concurrent transactions brought by AI agents. They are building a high-performance blockchain that supports AI scale and protects privacy. He pointed out that AI agents will ultimately bring massive users and sustainable transaction fee revenue to blockchain, driving the industry into a profit-driven phase.Bitcoinmaodu, CEO of Huazhi Education RWA, shared the Web3 practical path of Huazhi Education in the private education sector. He stated that education is a long-underestimated real asset, and RWA provides a new organizational method for private education. By assetizing course content, faculty contributions, and learning outcomes, Huazhi Education is promoting the transformation of traditional private education from a "cost center" to a "sustainable value network," making education a truly accumulative and replicable asset system.The attending guests unanimously agreed that the current period is crucial for building infrastructure, as Web3 is moving from concept to addressing real pain points. Identity verification, agent payment security, and RWA compliance in the AI era will become the core driving forces for industry development in 2026.

According to Jin Ten's report, the latest report from the Treasury and Market Research Department of CIMB International shows that the Singapore dollar slightly weakened against the US dollar during Thursday's Asian trading session due to market expectations that the Federal Reserve may pause interest rate cuts. Federal Reserve Governor Cook recently expressed a cautious attitude towards inflation, and several other Federal Reserve officials share similar concerns.Analysis indicates that unless inflation further slows down and there are no significant negative surprises in the labor market, the Federal Reserve's policy interest rate is expected to remain unchanged for some time.

BitMine Chairman Tom Lee recently responded to market doubts, denying that the company's substantial unrealized losses in Ethereum reserves would create a "ceiling" on future ETH prices. He stated that experiencing unrealized losses during a market downturn is an "intrinsic characteristic of the Ethereum reserve strategy, not a design flaw."Previously, some commentators claimed that BitMine's holdings of ETH had incurred approximately $6.6 billion in unrealized losses and believed that these ETH would eventually be sold off, thereby suppressing prices, even describing Lee as the "exit liquidity" for early ETH holders. In response, Lee countered that such views "misunderstand the operational logic of Ethereum reserve companies," emphasizing that BitMine's goal is to track and outperform ETH performance over complete market cycles, rather than engage in short-term trading.Data shows that over the past month, ETH prices have dropped nearly 30%, and BitMine's stock price has also fallen by about 30% during the same period. Currently, BitMine holds approximately 4.285 million ETH, accounting for about 3.5% of the circulating supply, making it the largest publicly listed Ethereum reserve company by known scale. Its holdings' market value had approached $14 billion at the end of 2025 and the beginning of 2026, before declining to below $10 billion with the market correction.Lee compared the current situation to an index ETF, stating that experiencing unrealized losses during a systemic downturn is a normal phenomenon, not a strategic failure. The debate surrounding Ethereum reserve companies has also intensified: critics argue that large reserve companies could become a potential source of selling pressure, while supporters emphasize that they are closer to long-term, index-like exposure tools.From a valuation perspective, as the market weakens, most ETH reserve companies' stock prices have fallen below their crypto asset net value (mNAV), which objectively suppresses the motivation for low-priced capital raises and limits dilution risk. Supporters believe that this mechanism acts as a "natural circuit breaker," reserving ammunition for the next cycle.

According to The Block, U.S. Congress members Maxine Waters, Sean Casten, and Brad Sherman sent a letter on Thursday to Securities and Exchange Commission Chairman Paul Atkins, requesting an explanation for why the agency has paused multiple cryptocurrency enforcement cases, including the lawsuit against Tron founder Justin Sun.The lawmakers pointed out in the letter that since early 2025, the SEC has dismissed over a dozen crypto-related cases, including those against Binance, Coinbase, and Kraken, coinciding with a surge in political donations from the industry, raising concerns about a "pay-to-play" scheme. The letter mentioned that crypto companies donated at least $85 million to President Trump's re-election campaign, and the companies whose cases were dismissed had each contributed at least $1 million to Trump's inauguration.They specifically highlighted the Justin Sun case, noting that it has been on hold for 11 months, signaling that enforcement may be selective and that political influence could affect accountability. The legislators also issued a separate document preservation request, asking the SEC to provide all communications related to the decision to pause the Justin Sun case.

OpenSea CMO Adam Hollander posted on the X platform that OpenSea is intensively advancing the construction and testing of new products, including the OpenSea mobile product and trading experiences related to Hyperliquid perpetual contracts, and has conducted extensive testing with active traders and collectors to gather feedback.The goal is to unify all users' assets, positions, and wallets into a multi-chain portfolio for one-stop management on mobile. Hollander also reminded users to connect and link their wallets on OpenSea as soon as possible, which will not only unlock the mobile portfolio asset management experience but also help the foundation to more comprehensively assess users' on-chain history and current activity in the upcoming TGE. He stated that preparations for the foundation's TGE are underway, and historical trading volume and Treasures in the rewards program will be important considerations, with the rewards program continuing before the TGE, where half of the fees from each round will go into the prize pool.

SVM Layer 1 project Fogo posted on platform X: "We have detected a vulnerability that causes the first season Flames EVM wallet points to not display correctly. We are currently investigating this issue, please check back in 24 hours. If the problem is resolved earlier, we will update the notice promptly."

According to the minutes of the 172nd Ethereum Consensus Layer Developer Meeting by ACDC, developers discussed the upcoming Glamsterdam upgrade and the next phase of the Hegota upgrade.Among them, EIP-8070 "Sparse Blob Pool" has been included as a candidate feature for Glamsterdam, and the second hard fork of Fusaka, limited to blob parameters, has successfully gone live on the mainnet, increasing blob transaction block space by 40%. In addition, the proposal window for the Hegota upgrade is now open, with a deadline of February 5. Relevant proposals must be published on Ethereum Magicians and presented at the developer meeting. The meeting also covered topics such as ePBS testing challenges, suggestions for consensus layer anti-censorship mechanisms, and optimization of the EIP governance process.

NVIDIA (NVDA.O) announced that the highly anticipated new "Rubin" data center product will be launched this year, allowing customers to trial the technology and accelerate the development of artificial intelligence. NVIDIA stated that six Rubin chips have been delivered from manufacturing partners and have passed several key tests, indicating that customer deployments are progressing as planned. The newly launched Rubin accelerator improves training performance by 3.5 times compared to the previous generation Blackwell, and speeds up the running of AI software by 5 times.The company emphasized that the operating costs of Rubin-based systems will be lower than those of Blackwell-based systems, as they achieve the same results with fewer components. It is reported that Microsoft and other large remote computing service providers will be the first to adopt this new hardware in the second half of this year. (Jin Shi)