Gate Cryptocurrency News and Market Analysis

The Hong Kong Monetary Authority has issued stablecoin licenses for the first time to HSBC Bank and its joint venture, Anchorpoint Financial, and has confirmed that issuing a renminbi stablecoin requires approval from Chinese regulators. Stablecoins must be backed by 100% liquid reserves and a minimum capital of HK$25 million, with the aim of promoting financial innovation and stability.

Pi Network member Daniel F raised a logical contradiction in the PIRC token design, noting that if it has a 23.8% floor protection, it would need to behave like a stablecoin, which conflicts with its high volatility on CEX. This floor is based on Pi’s price calculations; if Pi itself fluctuates significantly, it will be unable to effectively protect holders. Daniel emphasized the importance of transparency, but the project team did not respond to it, leading the community to continue speculating about the reasons for its silence.

The Kenyan Ministry of Finance announced on April 11 that it has completed the public consultation process for the VASP regulatory draft, moving ahead with the implementation of the 2025 cryptoasset industry regulatory law. The new framework will establish a licensing regime, capital requirements, and consumer protection measures, with the aim of promoting the development of the local crypto market and attracting compliant operators to enter. This move aligns with the trend of rapid expansion in Africa’s crypto markets, and is expected to provide a reference for other countries.

Nashville, TN, USA, April 10, 2026 — Among the rarest physical artifacts in Bitcoin’s seventeen-year history—an original copy of The Times of London from January 3, 2009, the newspaper whose front-page headline Satoshi Nakamoto embedded into the genesis block—will be offered for public sale at Bitco

The Pi Network ecosystem is accelerating its transition, with more than 210 active applications and 23,000 developers actively participating in Pi Studio, spanning multiple areas such as payments, community engagement, education, and gaming. The ecosystem’s diversity shows indicators of healthy development, and developers’ engagement is driving ongoing application optimization. In the future, improving the usefulness of the mainnet will be a key challenge, including issues that need to be urgently addressed such as scalability, security, and user adoption rates.

The NFT sector experienced notable sales this week, led by Bitcoin, Ethereum, and Arbitrum. Top sales included the $X@AI BRC-20 NFT at $8,097,669, reflecting growing investor confidence in the market. Other blockchains like Polygon and Flow also had significant sales.

Bitcoin’s fifth halving is slated for April 2028, and the mining sector is entering that cycle with far tighter margins than in 2024. A mix of higher input costs, strained energy markets and increasingly explicit regulatory expectations are reshaping how miners operate, finance, and plan for the

Bittensor co-founder Jacob Steeves accuses Covenant AI’s Simon Dare of intentionally causing damage to the agreement, leading to a sharp drop in TAO tokens. Steeves proposes a locked-staking mechanism that uses on-chain code to enforce commitments and prevent founders from making sudden, surprise exits. Even as the crisis unfolds, Bittensor’s open-source architecture can still ensure the agreement continues to operate, and it is set to hold a meeting to introduce the new mechanism.

Sun Yuchen publicly accused WLFI of hiding a freezing function in its smart contracts without disclosing it to investors, and criticized its centralized practices as deviating from the principles of decentralized finance. His wallet was added to the blacklist on suspicion of misappropriating funds, causing losses of more than 80 million dollars. Facing multiple pressures such as a sharp collapse in token prices and liquidity risk, WLFI has begun repaying its loans and has promised to roll out a governance proposal.

Iranian Parliament Speaker Qalibaf warned that the U.S. oil price would rise due to blockade measures, hinting at retaliation against the United States. At the same time, tensions in the Strait of Hormuz are escalating, and market forecasts suggest that oil prices could break above $115 per barrel. The U.S. and Britain differ on their stance toward the blockade of Hormuz, and there are also differences in statements between Trump and the Central Command, affecting the likely future direction of oil prices.

Aave DAO has passed the “Aave Will Win” framework, allocating $25 million to Aave Labs, and confirming that all brand application earnings will be fully directed into the DAO treasury. It will reform its governance structure by replacing bureaucratic procedures with a results-oriented approach. Future agreement revenue is expected to reach $140 million. Funding for each specific product still requires a separate proposal review.

The Osaka/Mendel hard fork on BSC will launch on April 28, requiring node operators to update to BSC v1.7.2. The upgrade enhances block construction, transaction handling, and introduces a gas limit cap for improved network stability.

Bitcoin has pulled back from its peak to $71,110. The chair of the U.S. CFTC said it will defend its regulatory authority over prediction markets. An FBI report shows that in 2025, losses from cryptocurrency fraud reached $11.36 billion, with seniors hit the hardest. The market is optimistic in the short term, but you should be mindful of the impact of oil prices and monetary policy.

In brief ASI Alliance and Matterhorn said they are building tools to reduce risks from AI-generated blockchain code. The platform combines automated analysis, human review, and testing tools to audit smart contracts before deployment. The partnership runs on ASI:Chain and aims to

Michael Saylor, chairman of MicroStrategy, recently revealed that the company’s bitcoin holdings only need to achieve 2.05% annualized growth to avoid issuing new shares and pay preferred stock dividends indefinitely. With its current holdings of 766,970 bitcoins, at today’s market value they can support dividend payments for about 48.7 years, demonstrating financial sustainability. The company then uses the preferred stock funds to buy more bitcoins, creating a virtuous cycle.

American musician G. Love downloaded a counterfeit Ledger Live app from the Apple Mac App Store. After entering the recovery phrase, he lost 5.92 bitcoins, worth more than $424,000. The app passed the review successfully, creating a trust crisis for users. Security experts remind hardware wallet users never to enter recovery phrases on internet-connected devices and to go directly to the official website to download the app. The source of the funds appears to be a CEX, and the likelihood of recovery is extremely low.

The U.S. imposes a naval blockade on Iran, causing the U.S.-Iran nuclear talks to fall apart. Market risk sentiment intensifies, and Bitcoin drops to $71,000, with a 24-hour decline of 3.1%. Traditional market capital flows into safe-haven assets, and analysts are divided on Bitcoin’s future trend, with $70,000 support acting as a key level.

Garrett Jin, identified as the agent of “BTC OG Insider Whale,” called the U.S.-Iran ceasefire “poison wrapped in sugar” and said it made his principal even more bearish on markets. The comment, circulated via aggregator channels on April 12, 2026, argued that a two-week truce has no historical