Gate Crypto Flash News and Market Updates

Razorpay plans to file for an IPO in India, seeking to raise $600-$700 million at a valuation of $5-$6 billion, down from its previous peak of $7.5 billion. Despite losses and cautious market conditions, the company is set for public listing.

Gate News: According to the latest Gate TradFi data, MINIMAX (MINIMAX-W 00100.HK) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Russian Deputy Foreign Minister Grigory Karasev announced that Russia will consider France's plans to deploy nuclear weapons in non-nuclear European countries when updating its military target priorities amid ongoing conflict.

Between 2026-04-20 01:30 and 2026-04-20 01:45 (UTC), the BTC spot price fluctuated within a narrow range of 74290.9 to 74709.7 USDT. Over the 15-minute period, the return was +0.53%, with a range of 0.56%. Overall market volatility increased, drawing attention, but the number of active on-chain addresses remained steady, with no sign of extreme capital movements. The main driver behind this move is institutional capital inflows into mainstream futures platforms and adjustments to derivatives position structures, especially CME futures open interest (OI), which rose against the trend by 2.61%. Meanwhile, some institutions added to defensive hedges and positioned for short-term rebounds within the price consolidation range. In addition, short-term Put options trading on platforms such as Deribit was active: the main contracts were concentrated on near-term downside protection, indicating that derivatives capital has increased its allocation to defensive strategies and that the spot market has passively followed the upward move. In addition, ETF funds recorded $1.87 billion in net inflows in Q1, easing the consecutive net outflow trend seen earlier before March and providing medium-term background support for spot prices. Although on-chain active addresses over 1 hour stayed in the 19500–19600 range without abnormal increases or decreases, structural behavior by institutions across the derivatives and ETF markets converged to push short-term price volatility higher. There were no signals of sell pressure from retail traders or major whales, and no large transfers or extreme liquidation events; overall momentum came from institutional-level maneuvering. It is worth noting that the derivatives market Put/Call ratio remains on the high side. If the price cannot continue moving upward, short-term exit pressure could intensify at any time. With overall OI shrinking, the activity of leveraged funds in the market weakens. Going forward, it is important to focus on changes in derivatives positions, ETF fund flows, and the in-and-out movements of active capital on-chain in order to respond to the risk of sharp short-term volatility. For more market information, it is recommended to continuously track relevant data indicators and capital-level anomalies.

Global AI model call volumes declined to 206 trillion tokens last week. China's calls dropped to 444.1 trillion, while U.S. volumes rose to 490.8 trillion, surpassing China's for the first time in two months. Four of the top nine models are Chinese, with DeepSeek V3.2 second in calls.

CapitaLand Integrated Commercial Trust is acquiring Paragon for about $3.9 billion while selling Asia Square Tower 2 for $2.5 billion. The sale boosts investor payouts and enhances CICT's portfolio along Orchard Road, targeting stable income through retail and medical services.

David Meyer of Databricks highlights the limitations of top AI models in routine enterprise tasks, contrasting their success in complex problems. Fundamental differences in data types impact performance, leading to a shift towards smaller, efficient models tailored for specific workflows to improve reliability and cost-effectiveness in AI applications.

Hong Kong stocks rose on April 20, with the Hang Seng Index up 0.17%. Oriental Securities jumped 13.53% after announcing plans to acquire Shanghai Securities. Other notable gainers included Cambridge Technology and Blue Focus Technology, while Long-light Semiconductor and Sige New Energy saw declines.

Gate News message, April 20, according to Gate market data. As of the time of writing, AAVE (Aave) is trading at $92.32. Over the past 24 hours, it is down 6.53%, with a high of $99.17 and a low of $88.71. The 24-hour trading volume is $16.9544 million. The current market cap is approximately $140.1 million. Aave is an open-source decentralized lending protocol that provides deposit and borrowing services for users. The deposit interest rates for depositors and the loan interest rates for borrowers are calculated algorithmically based on the platform’s borrowing amount and deposit amount. The platform also uses Chainlink oracles to ensure fairness in the collateral price. AAVE’s recent important news: 1️⃣ **Kelp DAO cross-chain bridge hacked, triggering a liquidity crisis** The hacker exploited a LayerZero cross-chain bridge vulnerability to steal rsETH worth $291 million, and then used the illegally obtained rsETH to provide collateral and borrow on Aave, causing the utilization rate of Aave’s core lending pool to reach 100%. The incident triggered a chain reaction: Aave’s net withdrawals totaled $6.2 billion, and total deposits fell from $45.8 billion to $35.7 billion. This event directly hit market confidence and is the main reason for the recent decline. 2️⃣ **Multiple institutions and whales panic-selling** After the incident, multiple whale addresses sold AAVE heavily on-chain, including the "smaugvision" address selling 20,015 tokens, the 0xFC5 address selling 20,000 tokens, and the 0xA2E address selling 19,665 tokens—totaling nearly 60,000 tokens. The well-known whale "ThisWillMakeYouLoveAgain" even cut losses and stopped the loss by selling 29,400 AAVE for $2.73 million, with losses exceeding $6 million. Large-scale selling further intensified downward pressure on the market. 3️⃣ **DAO governance approves a large financing plan to support long-term development** The Aave DAO passed the first grant proposal under the Aave Will Win framework with 75% support. Aave Labs will receive $25 million in stablecoins and 75,000 AAVE (about $6.8 million) unlocked linearly over four years. Founder Stani clearly laid out the strategic direction: all product revenues will flow back to the DAO treasury, with the goal of expanding the protocol’s scale from $40 billion to the trillion-level. This financing plan provides a solid foundation for the protocol’s long-term development, but in the short term the market still needs to absorb the impact of the hacker incident. 4️⃣ **Smart money addresses build positions against the trend** On-chain data shows that over the past seven days, approximately $2.9 million worth of AAVE has flowed out of exchanges. Smart money addresses are accumulating AAVE, with their holdings increasing to 359,880 tokens. The top 100 traders saw a net inflow of $2.18 million, and the leading profit-taking wallets maintained their positions without moving, suggesting that institutional investors are optimistic about Aave’s long-term prospects and providing some support for the current price. This information is not investment advice. Please note the risk of market volatility when investing.

A whale linked to Matrixport has opened a 44,000 ETH long position, valued at about $100 million, indicating strong bullish sentiment toward Ethereum, as reported by Lookonchain.

Gate News: According to the latest Gate TradFi data, VIX (VIX) has surged by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Hana Financial Investment has partnered with Canton Network to explore collaboration in the financial sector. The blockchain network facilitates asset transfers and data exchanges among major financial institutions, enhancing interoperability and privacy.

Group 11's fifth fund achieved its first positive year in 2025 with $89 million in unrealized gains, boosting assets to $252.6 million. Despite a 28% return since launch, it underperformed compared to the Nasdaq. Founder Dovi Frances engages in AI policy discussions with Israeli leadership and Trump allies.

German Chancellor Friedrich Merz urged the EU to ease industrial AI regulations while ensuring consumer oversight, linking this to Germany's €800 billion "Made for Germany" initiative to boost AI in industries and reduce reliance on foreign tech.

Samsung Electronics will hold an installation ceremony for its Texas foundry, aimed at manufacturing Tesla AI chips using 2-nanometer technology. The facility, initially delayed, gained momentum after a $16.5 billion contract with Tesla for AI chips.

Google is collaborating with Marvell Technology to create two custom chips to enhance AI workload efficiency and lessen dependence on Nvidia's GPUs. One chip will be a memory processing unit, while the other will be a new tensor processing unit for AI inference, with designs expected by 2027.

Orca, the Solana liquidity protocol, addressed a security incident at its hosting provider, Vercel, by rotating compromised keys. They confirmed that user funds were unaffected and will provide updates as the situation evolves.

Gate News message, April 20 — Spot gold fell below $4,750 per ounce today, declining 1.76% intraday according to market data.

SK Hynix has commenced mass production of SOCAMM2, a 192GB memory module tailored for Nvidia's Vera Rubin platform, as announced on April 19.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.