Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-04-02
12:01

Wormhole Responds to Drift Protocol Attack: Users’ Assets Are Not at Risk, Some Solana Cross-Chain Transfers May Be Delayed

Gate News message, on April 2, Wormhole posted on the X platform in response to the Drift Protocol attack incident. Wormhole said that user assets are not currently at risk, and the cross-chain bridge functionality can still be used normally. However, due to the built-in security mechanisms configured for Solana, some cross-chain transfers may experience delays. Wormhole’s core contributors have been in communication with the Solana ecosystem team and will continue to provide support as needed.
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12:01

Soluna Holdings will spend $53 million to acquire a wind farm in Texas and will build an AI data center

Gate News message, April 2, Nasdaq-listed company Soluna Holdings announced that it has spent $53.0 million to acquire a wind farm located in West Texas. Soluna Holdings focuses on developing green data centers for compute-intensive applications such as bitcoin mining and artificial intelligence. After the transaction is completed, the company will launch the Dorothy 3 project development to support building a renewable-energy-driven AI data center.
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BTC2.14%
12:00

U.S. Challenger layoffs rose to 60,620 in March, up 25.5% month over month

Gate News message: On April 2, the U.S. March Challenger job-cut report (Challenger Job-Cut Report, a leading indicator for the U.S. employment market) showed that the number of layoffs in the month was 60,620, compared with a prior value of 48,307, rising 25.5% month over month. At the same time, the March Challenger firm layoffs year-over-year rate was -78%, versus a prior value of -71.90%, with the year-over-year decline widening.
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11:41

The core executive Li Xiong of the Taizi Group was escorted back to his home country, and the related wallets of Huìwàng that he founded have received more than $24 billion in cryptocurrency

Li Xiong, a core member of the Taizi Group, has been escorted back to China on suspicion of multiple crimes. Since 2021, the Huiwang Pay company he established in Cambodia has been involved in large-scale cryptocurrency transactions, becoming the largest online illegal marketplace.
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11:31

Solana Foundation CPO: The Drift security incident is a case-by-case matter and does not indicate that there is a systemic problem in Solana DeFi

Solana Foundation Chief Product Officer Vibhu Norby responded to the Drift Protocol security incident, confirming that an attack occurred. The cause of the attack is still under investigation. The incident is related to operational security or social engineering, highlights the potential risks of multisig mechanisms, and says that this incident does not represent a systemic issue with Solana DeFi.
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DRIFT3.15%
11:22

Flashbots scientist: Encrypted mempools are not yet economically feasible; programmable privacy may be the better path

At EthCC, Jonathan Passerat-Palmbach discussed the evolution and challenges of crypto mempool technology, noting that current solutions cannot meet protocol-level requirements. He also argued that blind ordering mechanisms could increase centralization and degrade transaction quality. He suggested exploring programmable privacy as a compromise, emphasized that privacy must be combined with economic incentives, and advocated conducting experiments outside the protocol.
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ETH2.01%
10:42

Today’s Cryptocurrency News (April 2) | Drift Protocol Suffered an Attack Loss of About $280 Million; Key Figure in the Huione Case Arrested

This article summarizes cryptocurrency news for April 2, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin price action, real-time cryptocurrency prices, and price predictions, among others. Major events in the Web3 space today include: 1、Drift Protocol suffers a new type of attack resulting in losses of about $280 million, with administrative privileges taken over; 2、Australia’s new crypto law takes effect! Mandatory licensing and oversight arrive, and trading platforms face life-or-death divergence; 3、Key figures in a Huione money-laundering network have been arrested, with funds involved exceeding $89 billion, dealing another major blow to crypto-related illicit businesses.
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10:42

The People’s Bank of China adds 12 digital yuan business operating institutions

Gate News message: On April 2, the People’s Bank of China added CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, Guangfa Bank, Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank as bank-type digital RMB business operating institutions, and they have been connected to the People’s Bank of China’s digital RMB system. After the newly added institutions complete business and technical preparations, they will carry out digital RMB business.
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10:41

Lista DAO launches Tokenomics Model 2.0, with protocol revenue shifting to LISTA buybacks

On April 2, DAO Lista announced the approval of proposal LIP-024 and officially launched LISTA’s tokenomics model 2.0. Major changes include ending the veLISTA staking model, immediately unlocking staked tokens, adjusting the revenue distribution mechanism, compressing the token supply cap to 800 million tokens, and simplifying the governance mechanism—holders of LISTA can vote directly.
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10:29

Polymarket’s average daily costs exceed $1 million—can it keep growing under regulatory pressure?

Polymarket, after adjusting its fee structure, saw a significant increase in its daily fees and revenue; revenue at one point reached $995,000. The platform faces intense regulatory scrutiny, but it is still seeking to expand and preparing for a new round of funding, with a valuation that could reach $20 billion. Future development will depend on balancing compliance with market activity.
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