Gate Crypto Flash News and Market Updates

Three U.S. senators questioned whether former President Trump is promoting the purchase of TRUMP Coin through a luncheon event, and asked the organizers to provide relevant documents. The event is limited to the first 297 token holders, and whether Trump can attend is also in doubt. The senators accuse the effort of encouraging people to buy the coin in order to profit.

Gate News message: On April 10, according to monitoring by The Data Nerd, last month (March), a wallet address that is suspected to belong to Matrixport opened two long positions on BTC and ETH with a total value of about $197 million. As of now, the address shows an unrealized gain of about $5 million and still holds these positions.

Gate News message, April 10, according to multiple people familiar with the matter, in recent internal communications DeepSeek’s founder, Liang Wenfeng, of AI large model company DeepSeek, revealed that DeepSeek’s next-generation flagship large model, DeepSeek V4, will be officially released in late April.

Reports say Iran’s foreign minister, Amir-Abdollahian, and the speaker, Kalibaf, are still in Tehran, denying that they have gone to Pakistan to negotiate with the United States. Insiders say the stalled talks are due to the United States not fulfilling its ceasefire commitments and Israel’s attack actions.

Gate News: Message. On April 10, the U.S. Department of Labor will release the U.S. March CPI (Consumer Price Index) data at 20:30 Beijing time tonight. This release will include: the 3-month unadjusted CPI year-over-year rate, the seasonally adjusted CPI month-over-month rate, the seasonally adjusted core CPI month-over-month rate, and the unadjusted core CPI month-over-month rate. CPI data is a key indicator used to measure the level of inflation and has historically had an important impact on financial markets; it may trigger market volatility at the time of release.

Market maker Keyrock and tokenization platform Securitize jointly released a report predicting that the on-chain transferable distributed RWA market will grow from $29.0 billion to $400.0 billion, an increase of over 1,000%. It is expected that by 2028, RWA perpetual contracts could account for 50% of the total on-chain derivatives market. Currently, tokenized RWAs account for less than 0.1% of the global tokenizable market.

Gate News message. On April 10, according to Gate market data, as of the time of publication, ZEC (Zcash) was trading at $372.38. In the past 24 hours, it was up 17.44%, reaching a high of $389.83 and falling to a low of $308.32. The 24-hour trading volume was $7.6093 million. The current market cap is approximately $6.2B. Zcash is the first blockchain system to use a zero-knowledge proof mechanism, which can provide complete payment confidentiality while still using a public blockchain to maintain a decentralized network. The total supply of ZEC is 21 million. Transaction information automatically hides the senders, recipients, and amounts of all transactions on the blockchain. Only people who have the viewing key can see the transaction contents. Users have full control and can choose themselves to provide the viewing key to others. Zca

On April 9, Ethereum spot ETFs saw net inflows of $106 million, a marked increase compared with the previous day. BlackRock’s ETHA and ETHB had net inflows of $90.94 million and $13.67 million, respectively, while Grayscale’s mini version of ETH recorded net inflows of $9.67 million. Meanwhile, 21Shares TETH, Franklin EZET, and Grayscale ETHE saw net outflows.

StarkWare researchers proposed a quantum-safe Bitcoin scheme called QSB, aiming to replace the elliptic curve mechanism with hash assumptions to counter the threats posed by Shor’s algorithm. The scheme can run within existing scripts, requires no consensus changes, but does require submitting a transaction to a specific service.

Gate News message, on April 10, the head of digital assets at Morgan Stanley said that the bank’s newly launched Bitcoin ETF (exchange-traded fund) delivered the best first-day trading performance among all the bank’s ETF products. In addition, the executive disclosed that Morgan Stanley is preparing additional crypto-related products.

On April 10, after BTC reached $72k, a whale starting with 0x2fc liquidated twice in a row at 40x leverage, totaling 423.4 BTC, or about $30.5 million. Due to a liquidation loss of $580k, the address opened a short position again and was liquidated again; it can currently support 67 short positions, with a liquidation price of $72,669.

Gate News message. On April 10, according to Gate market data, as of the time of writing, MON (MON Protocol) is trading at $0.03414. In the past 24 hours, it is up 14.31%. It reached a high of $0.03494 and fell to a low of $0.02915. The 24-hour trading volume was $4.6408 million. Its current market cap is approximately $370 million. MON Protocol is a high-performance Layer 1 blockchain built to support next-generation decentralized applications. As an Ethereum-compatible chain, Monad provides 10,000 TPS, sub-second finality, low fees, and scalable decentralization. The project is committed to accelerating decentralization by building blockchains that are 100 times, or even 1,000 times, faster than the closest competing rivals.

Musk confirmed on the X platform that Grok 4.2 has 0.5 trillion parameters. Calculations suggest that Claude Opus has about 5 trillion parameters, and Sonnet has 1 trillion. Although Anthropic has not disclosed the model parameters, these figures come from Musk’s remarks. Meanwhile, SpaceX AI’s Colossus 2 supercomputer is training a model with the largest scale of 10 trillion parameters, which will become a key competitive factor.

On April 10, analyst Yu Jin reported that a giant whale established a $74.47 million crude oil short position on Hyperliquid, with an unrealized gain of about $1.2 million. It consists of 399k barrels of WTI crude oil and 390k barrels of Brent crude oil.

Gate News: According to the latest Gate TradFi data, CHCUSD50 (China A50 50x) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News, April 10, according to Gate market data, as of the time of publication, DASH (Dash) is currently trading at $37.38. Over the past 24 hours, it is up 17.75%, with a high of $37.76 and a low of $31.75. The trading volume over the past 24 hours reached $1.1898 million. Its current market cap is approximately $473 million. Dai is a digital currency. With it, anyone anywhere in the world can complete transactions quickly and easily at low fees at any time, without needing to rely on a central institution. Dai is built on a decentralized peer-to-peer network, secured by strong cryptography, providing a secure, good user experience, and frictionless payment method. Dai is portable, affordable, divisible, and capable of fast transactions digital cash, suitable for online trading and everyday life. Get

U.S. First Lady Melania Trump issued a statement at the White House, denying any relationship with the late financier Jeffrey Epstein and saying she will take legal action to counter false allegations. She called on Congress to hold hearings so that survivors of Epstein’s crimes can testify publicly, drawing widespread attention.

Gate News message, swing trader 0x4F51 sold his remaining 1,000 ETH valued at $2.22 million 5 hours ago, realizing a $1.44 million loss on the transaction. Since January 27, 2025, the trader has executed 4 swing trades, with 3 resulting in losses totaling $2.45 million.

April 10, Hong Kong-listed AI application stocks rose strongly, with Xunce rising 11% and Dipu Technology up more than 5.5%. Both the Hang Seng Index and the Hang Seng Tech Index rose by more than 1%, and multiple stocks including Longfor Group and Semiconductor Manufacturing International Corporation performed strongly.

Gate News message, on April 10, blockchain analyst Onchain Lens monitored data shows that a wallet associated with Metalpha deposited 7,200 ETH, worth about $15.79 million, into a certain CEX.