#Gate广场四月发帖挑战 Today (April 5) Cryptocurrency Hot Topics at a Glance

Overall: Volatile but cautious—focus on regulation, unlocks, institutions, and the AI track

1. Major Regulatory Event: The US SEC Clarifies Mainstream Coins Are Not Securities

• The latest filing makes it clear: 18 mainstream coins such as BTC, ETH, SOL, XRP are not securities

• POS staking, mining, and airdrops are also excluded from the definition of securities

• Impact: Big regulatory loosening, removal of barriers for institutional participation, and long-term positive outlook

2. Token Unlocking—Final Stretch (3.30–4.5)

• Total unlocks this week: over $100 million

• Key highlights today:

◦ SUI: Unlocked on April 1 — 47.5 million (largest)

◦ EDGE: Unlocked on April 2 — 16.6 million (13.8% of supply)

◦ ENA, GUNZ, EIGEN: all have sizable unlocks

• Market: Nearing the end of the unlock wave; selling pressure eases, and some oversold coins rebound

3. Institutional Updates

• BTC spot ETF: Moderate net inflow (about $0.8 billion); no large-scale outflows

• MicroStrategy: Added 88,000 BTC in Q1, continuing to buy the dip

• Institutional expectations: Neutral target of $120,000–$150,000 (by end of 2026)

4. Hot Sector: AI Computing Power Coins Lead the Gains

• Strongest: TAO, RNDR, FET, OCEAN up 3–8%

• Logic: Integration of AI + blockchain, explosive growth in computing power demand, and institutional positioning

• Comparison: DeFi and Memecoin are lackluster, while capital clusters around AI

5. Macro and Sentiment

• Waiting for the April 10 CPI: it will determine the pace of the Federal Reserve’s rate cuts

• Fear Index: 31 (fear), with heavy watch-and-wait sentiment

• Middle East situation: Slightly supports BTC as risk-aversion rises

6. Other Hot Topics

• ETH ETF: Approval speeds up, and the L2 ecosystem keeps rolling out

• Stablecoin regulation: The US, UK, and Hong Kong push forward compliance for regulated stablecoins

• Telegram: The founder says the Iran ban backfired; the TON ecosystem remains active

Today’s Strategy (Not investment advice)

• Main theme: Hold a light position and stay cautious, waiting for CPI

• Opportunities: Buy on dips with support levels in AI computing power and BTC/ETH

• Risks: Stay away from small coins with high unlock ratios