GateNews

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.

On April 2, the three major U.S. stock indexes fell across the board. The Nasdaq fell 1.69%, the Dow Jones fell 1.19%, and the S&P 500 fell 1.34%. The seven major tech stocks also declined in tandem, including Apple down 0.82%, Microsoft down 1.28%, and Alphabet down 2.28%, among others.

Former FTX engineer Nishad Singh agreed to pay a $3.7 million penalty to the CFTC to resolve its regulatory issues stemming from the FTX collapse. This case highlights the growing accountability that regulators are demanding from the digital asset industry, as well as the importance of internal industry cooperation in reducing legal risk. Singh’s cooperation demonstrates the impact that transparency and compliance can have on the industry’s development, reminding executives that they must take legal responsibility seriously as they grow.

Chainlink (LINK) whale activity has increased, but the price has fallen for seven consecutive months, drawing market attention. Despite a rise in whale outflow volume and soft institutional demand, the price remains under pressure. Future performance may be influenced by broader market sentiment, so investors should watch changes in whale behavior and ETF fund inflows.

Ethereum Foundation project manager Hester Bruikman updated the “Trillion-Dollar Security Plan” at the EthCC conference, released a WalletBeat wallet security maturity rating model, and emphasized progress on user security and Clear Signing. She also disclosed that in the first quarter of 2026, Ethereum experienced 16 security incidents, with losses totaling $93 million.

The dYdX Foundation announced on April 2 that it has passed the #372 on-chain community vote and will allocate $10 million USDC from the insurance fund to support DAO operations. The funds are allocated to the operating sub-DAO, the treasury sub-DAO, and the foundation for operations, reserves, and ecosystem development, respectively. The current insurance fund holds approximately $17 million USDC.

Brent crude oil prices have seen increased volatility recently. Driven by geopolitical factors and technical signals, oil prices have been trading in a range between $100 and $119. Technical analysis shows a double-top formation; if it breaks below the $107 support level, it could potentially reach a $55 target. Investors need to watch supply dynamics in the Strait of Hormuz to gauge the next direction.

Bitcoin’s hot-holdings trend is cooling off, as multiple companies and governments sell off their reserves, causing market volatility to increase. Companies such as Empery Digital and Genius Group have already cleared their bitcoin reserves, while Riot Platforms continues to reduce its holdings. Despite worries raised by the selloffs, the public vault still holds a large amount of bitcoin. The current bitcoin price is about $66,500, and market sentiment remains weak.

The Cardano Foundation has partnered with Flowdesk to launch a multi-million-dollar liquidity enhancement initiative aimed at strengthening the trading depth and stability of decentralized exchanges and advancing DeFi capabilities. By injecting ADA tokens and optimizing liquidity management, the program will improve market conditions, attract institutional investors, and support the ongoing growth of the Cardano ecosystem.

Alabama has officially granted decentralized autonomous organizations (DAOs) legal standing, becoming the second state to recognize DAOs as legal entities. The newly passed DUNA Act provides DAOs with limited liability protection, reducing operational risk, increasing trust, enabling interaction with traditional businesses, and driving innovations in blockchain governance. This move marks a new stage in which decentralized finance gains legal recognition in the real economy.

Solana has officially integrated SUI tokens, launched new trading pairs, simplified cross-chain operations, and improved liquidity and trading efficiency, bringing new opportunities to the DeFi ecosystem. This integration helps execute large orders, attracts more users and developers, and drives growth in the crypto market.

In recent times, Bitcoin market volatility has increased, and institutional investors such as Riot Platforms and Empery Digital have adjusted their positions, drawing attention. Riot sold 500 Bitcoins to cover costs, and Empery moved 1,795 Bitcoins to an exchange, showing market liquidity and strategic positioning. These actions reflect the trend of institutional dominance and the market’s maturity, and investors should pay attention to the motivations behind them.

The Bitcoin market is entering a critical phase. Large holders are shifting from accumulation to selling, causing liquidity to increase but demand to fall short, which affects price stability. Whale selling activity may trigger short-term volatility, while investors turn their attention to emerging opportunities. Over the next few weeks, closely monitor whale activity and changes in trading volume to assess market trends.

As global uncertainty increases, Taiwan is considering establishing a Bitcoin reserve to strengthen financial resilience, ensure autonomy, and hedge geopolitical risks. Despite facing price volatility and regulatory challenges, successful implementation would boost demand for Bitcoin and provide a reference for other countries.

Well-known trader “Auntie” Brother Maqi closed out about 2,700 Ethereum, cashing out $5.54 million to avoid forced liquidation and leaving nearly 5,000 long positions. This move highlights risk management in leveraged trading, showing that even experienced traders will prioritize position survival first—potentially increasing market volatility as a result.

Borderless Capital bought 841,000 MNT on Ethereum in 8 days via Wintermute, with a total position value of $570,000. It is now its largest single holding, accounting for about 40% of the investment portfolio. It also purchased 223,000 ZRO.

Gate News update: On April 2, according to Coinglass data, STO liquidated about $20.26 million in the past hour, including about $2.56 million liquidated on long positions and about $17.69 million liquidated on short positions. One user had their short position liquidated when the price touched around $2.55, with a position value of about $7.67 million. Previously, STO saw a brief plunge of over 50%; it is now trading at $1.

Gate News message, April 2nd, market data shows that STO’s short-term drop exceeds 50%, and it is currently trading at $1. Earlier reports indicated that an address transferred an STO token amount equal to 12.43% of the circulating supply into Gate.

The token supply model of Pi Network has sparked heated debate, and there is controversy over whether the tokens generated through user mining are fully owned by the community. Insufficient transparency has made some users cautious about the circulating supply and distribution structure, prompting calls for verifiable data. As the network transitions to the mainnet, transparency will affect user confidence and the project’s competitiveness.