Gate Crypto Flash News and Market Updates

Gate News update, April 9, the Nasdaq-listed company Brag House Holdings announced that its shareholders approved a merger proposal with Dogecoin Foundation official entity House of Doge with voting in excess of 98%. The two sides then plan to launch a publicly traded platform that connects sports, digital finance, and blockchain infrastructure, and integrate Brag House’s resources in collegiate athletics and media.

Gate News said that on April 9, according to Lookonchain monitoring, a whale address opened 20x leveraged BTC and ETH short positions about 30 minutes ago. Among them, the Bitcoin short position holds 562.58 BTC, and the Ethereum short position holds 18,350 ETH; the total value of the two positions is about $80 million.

Bitcoin Bancorp launched a licensed Bitcoin ATM network in Southern California on April 9, with the first batch of machines already installed in Los Angeles, marking a new phase of retail expansion in the United States. The company’s accelerated expansion strategy is significant, and it is expected that the industry’s size will reach $7.68 billion by 2034.

Gate News message: On April 9, the publicly listed self-custody crypto company Exodus Movement in the U.S. stock market released updated data on its digital asset holdings as of March 31. The company’s Bitcoin holdings increased to 628 BTC, a net gain of 18 BTC over the month; Ethereum holdings increased to 1,857 ETH, a net gain of 17 ETH over the month; and Solana holdings increased to 17,541 SOL, a net gain of 1,847 SOL over the month. (Globenewswire)

OpenAI has paused the Stargate infrastructure project it planned to advance in the UK due to high energy costs and regulatory uncertainty. Whether the project will move forward is still being evaluated; OpenAI will instead use third-party cloud services, and it is expected that compute spending will be significantly reduced by 2030.

Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

An independent Bitcoin miner succeeded in mining the 944,306th block at an extremely low probability, earning a reward of 3.128 BTC, highlighting the difficulty and randomness of solo mining.

The Bitcoin options market has turned, with Deribit’s $80,000 call options open interest exceeding $1.6 billion, surpassing its $60,000 put options. The Iran–U.S. ceasefire has fueled rising expectations in the market for a Federal Reserve rate cut, which could be beneficial for Bitcoin. If geopolitical tensions ease, Bitcoin is expected to challenge $100,000, but risks from the Middle East conflict still need to be monitored.

Gate News update, April 9, Xverse, a Bitcoin wallet, announced the launch of its Bitcoin-native AI agent wallet, the Xverse Agentic Wallet. The wallet enables AI agents to execute payment, trading, and fund management operations on the Bitcoin network. Lightning payments are settled via Spark, and it also supports machine-to-machine payments through MPP (multi-path payments)

On-chain sleuth ZachXBT said the Bitcoin Depot hack resulted in an actual loss of 54 bitcoins, which is more than its official reported figure of 50.9 bitcoins. The hacker stole the funds on March 20 after compromising credentials, and Bitcoin Depot only discovered the loss three days later.

Gate News message: April 9, according to market data, AriaAI (ARIA) is down 76.6% over the past hour, now trading at 0.134 USDT.

Gate News: According to the latest Gate TradFi data, NIO (NIO) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message, April 9, a spokesman for the Iranian military said that Iran is prepared for a long-term war.

Gate News message, on April 9, ARIA has dropped 83% within the past hour, and is currently trading at 0.1238 USDT.

Gate News: On April 9, the Chairman of Iran’s parliament, Kalibaf, said that violating the ceasefire agreement would lead to clear costs and consequences.

Gate News, April 9, Arkham monitoring data shows that about 50 minutes ago, BlackRock, via its Ethereum exchange-traded fund ETHA, transferred a total of 19,935 ETH worth $43.65 million to a CEX Prime address.

Galaxy Digital releases its first annual report. Its founder, Mike Novogratz, says that the listing signals that the digital economy is now a reality. The company will shift its focus to compliant financial infrastructure, actively develop AI projects, and expects its Helios data center investment to exceed $15 billion, aiming to build a $1 billion-level asset portfolio.

Gate News message, April 9, Meta Platforms (META.O) pledged an additional $21 billion in investment to AI infrastructure company CoreWeave.

A CEX co-founder, Ben Delo, donated $5.4 million to the Reform UK party, and the donation took place before new UK regulations came into effect. Delo was previously fined $10 million for violating anti–money laundering compliance and received a pardon from Donald Trump. Reform UK positions itself as a pro-cryptocurrency political party and is currently facing a pause order on crypto donations. After relocating to the UK, Delo plans to be exempt from donation limits.

Gate News message: On April 9, the quant yield protocol Axis announced the launch of a synthetic U.S. dollar USDx and completed its first minting, with a size of 10 million US dollars. It is currently in a private testing phase. After minting is completed, USDx will be deployed to Axis’s market-neutral arbitrage engine, covering more than 40 trading venues, to provide liquidity and capture opportunities from market price spreads.