Gate.ioNewsBot

Gate.io News bot, according to Decrypt, Tether CEO Paolo Ardoino recently responded to the company's development strategy in the US market. He pointed out that in the face of a potential ban on USDT issuance in the United States, Tether has chosen to launch a new stablecoin product. This product will focus on payment scenarios and strictly comply with US stablecoin regulatory requirements.
Paolo Ardoino also emphasized that the main application scenario of USDT is in emerging markets. He directly pointed out that the dominant position of USDT in the US and European markets will gradually weaken.

According to the Gate.io News bot, the Washington Post reports that UK officials have revealed that the UK plans to reach an agreement with Trump in the coming weeks to eliminate or drop the 10% tariff imposed on the UK. Starmer is prepared to make a series of concessions, including dropping tariffs on US beef and fish, while offering tax incentives to large US tech companies.
The Office of the Prime Minister of Canada announced on April 3 that it will impose a 25% retaliatory tariff on American cars. This tariff applies to the complete assembly vehicles that do not meet the requirements of the United States-Mexico-Canada Agreement (USMCA), as well as vehicles that meet USMCA requirements but contain non-Canadian and non-Mexican parts.

Gate.io News bot message, the financial department of the SEC has released a latest statement, clarifying the regulatory positioning of Covered Stablecoins. According to the statement, Covered Stablecoins are not classified as securities.
Covered Stablecoins are a type of encryption asset that maintains a 1:1 exchange rate with the US dollar, backed by low-risk, high-liquidity assets. The issuer commits to providing one-to-one exchange services with the US dollar at any time. The main application scenarios for this type of stablecoin include payment, remittance, and storage functions, rather than investment purposes, and their sales and trading activities are not subject to SEC regulations.
Source: Wu Says

According to Gate.io News bot, Cointelegraph reports that the crypto assets custody and trading company Bakkt is facing a class action lawsuit. The lawsuit alleges that Bakkt failed to disclose information about its partnership agreement with Webull and Bank of America (BoA), and misleadingly represented to investors that its revenue "largely depends on a single contract with Webull."
The lawsuit documents show that the termination of the cooperation agreement between Webull and BoA resulted in a 73% loss of income for Bakkt. Specifically, Webull accounted for 74% of Bakkt's Crypto Assets service revenue, while BoA accounted for 17% of its loyalty service revenue.

gate News bot message, according to the latest data, on April 4, a total of 10 Bitcoin ETFs had a net inflow of 698 Bitcoins, worth approximately 58.19 million USD. Among them, BlackRock's iShares Bitcoin ETF had an inflow of 796 Bitcoins in a single day, worth 66.36 million USD, and the current open interest has reached 575,492 Bitcoins, approximately 48 billion USD.
On the same day, 9 Ethereum ETFs had a net outflow of 16,444 Ether, worth approximately $29.56 million. Grayscale's ETHE fund saw an outflow of 16,329 Ether, valued at $29.36 million, with current open interest standing at 1,200,338 Ether.

gate News bot message, SpaceX announced that the Dragon spacecraft has safely landed, marking the successful completion of the Fram2 mission. This mission was sponsored by Chun Wang, co-founder of F2Pool, and is the first orbital mission by humans over the poles of the Earth. The crew on the spacecraft includes Chun Wang, co-founder of F2Pool, Janick Mikkelsen from Norway, Rabea Rogg from Germany, and Eric Phillips from Australia. The mission was launched on April 1, 2025, and lasted four days.
Source: Wu Says

Gate.io News bot message, the parent company of the non-custodial liquidity protocol Aave, Avara, officially announced the launch of the Ethereum-based Layer 2 network Lens Chain Mainnet. Avara CEO Stani Kulechov pointed out that the platform focuses on providing development tools for on-chain social experiences while achieving low Transaction Cost with a focus on security.
Source: Wu Says

Gate.io News bot message, Wu said it has been learned that Pump Fun founder Alon announced that the platform has reopened the live streaming feature to 5% of users. This reopening is accompanied by the launch of a content management system and content management guidelines.
It is reported that Pump Fun previously suspended its live streaming service due to harmful and violent content appearing in user broadcasts, until the review infrastructure is improved. The platform stipulates that users who violate policies will have their live streaming privileges terminated and accounts disabled, and Pump Fun will submit illegal content to law enforcement agencies.
Source: Wu Says

Gate.io News bot message, EigenLayer announced that its Mainnet Slashing mechanism will officially launch on April 17. This mechanism gives AVS the authority to set operational standards for operators and is managed through a reward and punishment system.
Currently, the testnet is operational on Holesky, and the Sepolia and Hoodi testnets are also in the deployment plan. The Mainnet upgrade process will begin with the protocol committee upgrade on April 7, followed by a 14-day withdrawal queue period to ensure that AVS can properly handle staking withdrawal activities.
EigenLayer implements a phased Slashing strategy, allowing operators and stakers to independently decide whether to adopt Slashing standards.
Source: wublock123

Gate News bot news, The Federal Reserve (FED) Chairman Powell recently delivered a speech, announcing that the FED will maintain the current interest rate level. He pointed out that the current weakness in economic growth is hedging against rising inflation, and the FED still expects to cut rates twice in 2025.
Powell emphasized in his speech: "Our obligation is to keep long-term inflation expectations stable and ensure that one-time price increases don't become an ongoing inflation problem. We're better off waiting for clearer information before considering adjusting our policy stance. It's premature to say what the appropriate path of policy will be."

Gate News bot message, Reuters reported that Federal Reserve Chairman Jerome Powell delivered a speech on Friday, pointing out that the scale of new tariffs imposed by President Trump exceeds expectations, and current economic data shows inflation rising and growth slowing.
Powell emphasized in his speech: "We are facing a highly uncertain outlook, with high risks of rising unemployment and rising inflation." This situation diverges from the dual objectives set by The Federal Reserve (FED) of a 2% inflation rate and maximum employment.
Powell stated that tariffs have had a short-term impact on inflation, and there is a trend of continuation for this situation. He pointed out that the responsibility of the Federal Reserve (FED) is to stabilize long-term inflation expectations and prevent one-time price increases from evolving into persistent inflation issues. The Federal Reserve (FED) will continue to monitor changes in economic data and make corresponding adjustments based on specific economic data after policy implementation.
Source: Reuters

According to Gate.io News bot, as reported by Wu, the stablecoin USDe of Ethena has completed its deployment on the BNB Chain network. Users can now exchange, borrow, and save USDe and sUSDe through platforms such as PancakeSwap, Venus Protocol, and Pendle BNB.

Gate.io News bot, according to Wu, Trump called for Fed Chairman Jerome Powell to cut interest rates. Trump stressed that the current is the "perfect time" to cut interest rates and expressed dissatisfaction with Powell's "always moving too slowly." Trump pointed out that energy prices, interest rates and inflation have all fallen, employment data has risen, and egg prices have fallen by 69%. At the same time, he demanded that Powell "stop political manipulation."

According to the Gate.io News bot, on-chain data analysis platform Lookonchain monitored that a Large Investor purchased 4,100 ETH at a price of $1,785 today, with a total value of approximately $7.32 million.
Data shows that since March 26, the Large Investors have accumulated a purchase of 33,441 ETH, with a total investment amount reaching 65.5 million USD and an average purchase price of 1,959 USD.
In the previous hour, the Large Investors bought 3,195 ETH at a price of $1,868, worth $5.97 million. As of that time, the total amount of ETH purchased by the Large Investors since March 26 was 29,341, with a total investment of $58.18 million and an average purchase price of $1,983.

According to the Gate.io News bot, U.S. Bank strategist Michael Hartnett has released the latest market analysis. He pointed out that the current stock market, oil prices, bond yields, and the dollar are showing a fall.
Hartnett advises investors to aggressively increase their exposure to risky assets when the S&P 500 is in the 4,800-5,000 range and Trump's approval rating drops to 40-45%.
He also mentioned that there is a correlation between the performance of the job market and the uncertainty of fiscal policy with asset prices.

According to the Gate.io News bot, Wu Shuo reported that QwQiao, co-founder of AllianceDAO, stated on social media that in the current market, assets with high global Supply Chain dependency, such as Apple stocks, have experienced significant fall, while assets like Bitcoin that do not rely on Supply Chain have shown strong market performance.