Bitcoin's bear market has lasted for nearly six months. The market may be entering a "time pain" phase, with long-term holders making up about 80% of the supply. Glassnode believes the bear market is nearing the bottom, but it still needs several months of sideways consolidation.

The Yinchuan City Xingqing District People's Court concluded a virtual currency investment dispute case. The plaintiff, Mr. Wei, entrusted the defendant to invest, and later, after requesting repayment due to an urgent need for funds and failing to obtain it, brought a lawsuit for "unjust enrichment." The court held that the matter should be governed by a mandate contract relationship, and ultimately, through mediation, the plaintiff withdrew the lawsuit and Li returned the invested principal, and both parties reached a settlement.

From 02:00 to 02:15 (UTC) on 2026-04-02, ETH experienced a significant decline. Over 15 minutes, the return was -1.01%. The price fluctuated between 2078.19 and 2100.1 USDT, with an amplitude of 1.04%. Short-term trading was active, market attention increased, and volatility intensified. The main driver behind this movement was that the sell-side order proportion on a certain trading platform's order book rose to 63%, while buy orders weakened significantly, directly triggering the price decline. At the same time, during this period, capital flowed out net, buy-side support was insufficient, and the concentrated selling pressure led to a sharp short-term decline in ETH.

On April 2, U.S. stocks closed higher: the Dow rose 0.48%, the S&P 500 gained 0.72%, and the Nasdaq rose 1.16%. The crypto market was sluggish; Circle fell 4.89% and Solana dropped 1.73%. Meanwhile, SharpLink edged up 0.16%. msx.com is a decentralized RWA trading platform.

Gate News reports that on April 2, WTI crude oil broke through $103 per barrel, rising 4.07% intraday; Brent crude oil surged by $4 intraday, currently at $102.86 per barrel, up 4.06%. According to reports, Trump stated that if no agreement is reached, he will strike Iran’s energy facilities. As a result, U.S. stock index futures declined; S&P 500 index futures are down 0.5% latest.

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.

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, according to 8marketcap data, Bitcoin (BTC)’s current market cap is approximately $1.37 trillion. In the global asset market cap ranking, it ranks 14th, down 2 places from before. Meta Platforms (Facebook) ranks 12th with approximately $1.447 trillion in market cap; Tesla ranks 13th with approximately $1.394 trillion—both have surpassed Bitcoin.

This article summarizes cryptocurrency news for April 1, 2026, focusing on the latest updates on Bitcoin, Ethereum upgrade, Dogecoin trend, Hong Kong stablecoin license, Hong Kong dollar stablecoin regulation encountering obstacles, and Bitcoin's first quarter. Major Web3 events today include: 1、The CFTC issues a strong warning about insider trading in prediction markets; violators may face enforcement actions; 2、Delays in the issuance of Hong Kong stablecoin licenses—will Hong Kong dollar stablecoin regulation encounter obstacles? 3、Bitcoin plummeted 24% in the first quarter, marking its worst performance since 2018.

Bitcoin asset management company Strive, based in Dallas, has seen its Bitcoin-preferred shares SATA reach a record high single-day trading value of $43 million since listing in 2025, drawing the attention of institutional investors. SATA’s trading volume has risen significantly in the short term, closely tied to its stable price range and dividend design, highlighting the unique value of Bitcoin preferred shares as a financing tool.