Gate Crypto Flash News and Market Updates

DeFi lending protocol HypurrFi issues a security warning, saying that its website domain has been compromised. It urges users not to use that domain and to pause interactions. The team confirms users’ funds are safe and is investigating the domain hijacking incident.

JPMorgan Chase’s analysis shows that in Q1 2026, digital-asset fund flows totaled only $11 billion, market momentum slowed, and the main sources of capital were corporate allocations and crypto venture capital; meanwhile, traditional investors’ participation declined, and the overall market exhibited the characteristics of being dominated by a few large players.

Cosmos ecosystem non-custodial wallet Leap Wallet announced that it will stop operating on May 28, affecting multiple services and features. Users need to re-delegate ATOM as soon as possible to avoid an interruption in earnings. Even though it is shutting down, the team still believes in the future of the crypto industry.

Among the top 100 cryptocurrencies by market cap today, edgeX (EDGE) had the biggest gain, up 40.35%; while Midnight (NIGHT) had the biggest drop, down 6.84%. Overall market performance was noticeably volatile.

On April 3, under market pressure, Bitcoin Treasury Company adopted different strategies: Nakamoto Holdings sold 284 bitcoins to adjust its balance sheet, while Strategy kept 762,000 BTC untouched. New Hampshire plans to issue Bitcoin-backed municipal bonds, expected to raise $100 million. CoinShares merged with Vine Hill Capital and listed on Nasdaq.

The United States will provide a $40 billion reinsurance commitment for vessels transiting the Strait of Hormuz, and will introduce new insurance partners to boost confidence in maritime trade. The DFC will work with multiple insurance companies to jointly determine which vessels qualify for reinsurance.

According to CoinGlass data, on April 3 the total crypto market liquidation amount within 24 hours reached $136 million, affecting 91,285 people. Of this, BTC and ETH liquidations were $33.7147 million and $23.7248 million respectively, and the largest single liquidation was $8.9259 million.

Despite a strong rebound in U.S. March employment data, EY-Parthenon economist Lydia Boussour says the labor market remains fragile, with companies’ hiring intentions declining, and expects the market to be frozen in 2026. The unemployment rate could rise to 4.7%, and the probability of an economic recession is 40%.

Charles Schwab will launch a cryptocurrency trading service called “Schwab Crypto” on its investment platform on April 3, initially supporting trading in Bitcoin and Ethereum and covering most states in the United States. The service has been developed by its subsidiary. Charles Schwab has previously offered related ETF products and supported trading on the EDX Markets exchange.

four.meme announcement: Because the project tax fee receiving address that starts with 0x9f4 has a defect, sell transactions have failed. The related token creation function has been paused, and users are advised to stop trading. Also, full refunds will be provided to affected users who purchased before April 3 at 22:50.

Gate News message, April 3, former Obama presidential campaign manager Stephanie Cutter joined prediction market platform Kalshi as a policy advisor.

CPI Macro analyst Stephen Brown discusses the March nonfarm payrolls employment report, pointing out that a strike in the healthcare industry has ended and that weather factors have hindered hiring, helping to drive an employment rebound. However, rising oil prices may affect near-term demand; falling consumer purchasing power will curb hiring. Employment is declining in areas such as information and financial services, and artificial intelligence is also suppressing hiring in some industries.

Trump released the FY 2027 budget proposal, planning to request $1.5 trillion in defense spending, a record high. Of this amount, $1.1 trillion would be allocated to the Department of Defense, and $350 billion would be used for ammunition procurement and industrial expansion. In addition, the budget also supports projects by the National Fraud Investigation Bureau and construction projects in Washington, D.C., including defense spending.

Gate News updates, April 3. The Trump administration’s budget proposal is expected to have the U.S. real GDP grow by 3.1% in fiscal year 2027.

Gate News update: On April 3, according to Lookonchain monitoring, Circle has continued minting USDC over the past 4 days. The daily minting amount is 750 million tokens, for a total of 3 billion minted USDC over 4 days.

Gate News message, according to the April 3 update, Bitcoin ETFs recorded a 1-day net outflow of 21 BTC (approximately $1.39 million) and a 7-day net outflow of 3,616 BTC (approximately $240.99 million). Ethereum ETFs saw a 1-day net outflow of 15,212 ETH (approximately $31.14 million) and a 7-day n

On April 3, BVIX was quoted at 49.18, with an intraday decline of 7.56%; EVIX was quoted at 69.80, with an intraday decline of 5.50%. The U.S. dollar to offshore Chinese yuan exchange rate fell by 0.05%, and the U.S. dollar to the Japanese yen fell by 0.02%. Gate supports users in trading multiple asset types within the platform, enabling the fusion of crypto and traditional financial assets.

Linea launched the EIP-7702 protocol on April 3, enabling users to execute smart contracts, batch transactions, and enable features like paying for gas without changing their wallet addresses. The protocol is fully compatible with ERC-4337, has been integrated into MetaMask, and is planned to achieve full EVM compatibility in 2026.

On April 3, a miner who mined solo through CKPool successfully mined block #943,411, earning about 3.139 BTC in rewards, worth about $210k. Solo mining is still a low-probability event; in the past 12 months, only 20 blocks were mined. Mining competition has intensified, and network difficulty has shown fluctuations.

S&P Global Market Intelligence analysis shows that the U.S. economy is facing upward price pressures and uncertainty, with the services sector contracting for the first time since January 2023. In March, economic growth slowed to just 0.5%. Consumer-facing service industries have been hit hard, with rising costs and a decline in purchasing power leading to a drop in spending; in the future, consumer price inflation could accelerate to nearly 4%.