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The newly appointed chief economist of New Fire Group, Fu Peng, stated on Twitter that the underlying business model of Bitcoin perpetual contracts is essentially the same as the "rollover fee/overnight fee" in traditional finance's gold and industrial commodity spot exchanges.Fu Peng pointed out that back in the day, gold exchanges settled through daily forced liquidation, with longs and shorts paying each other rollover fees. When retail investors held a large number of high-leverage long positions, the rollover fee became the most stable and hidden source of income for the platform. Nowadays, Bitcoin spot platforms mainly rely on perpetual contracts, with both sides settling the funding rate every 8 hours. When longs dominate, retail investors holding long positions continuously pay funding rates to shorts.Although the platform does not directly collect this fee, it significantly enhances trading activity, open interest, and liquidity, indirectly generating a large amount of fee income and forming a stable and substantial cash flow. Essentially, it is a business model where large players/institutions "collect rent" from long-term holdings, retail investors pay for leverage to go long, and the platform indirectly takes a cut.

Binance contracts will automatically liquidate the VINEUSDT and AIUSDT U-based perpetual contracts on April 28, 2026, at 18:00, and the aforementioned perpetual contract trading pairs will be delisted after the liquidation is completed. Starting from April 28, 2026, at 17:30, users will not be able to open non-reducing positions in the aforementioned perpetual contracts.

Due to the ongoing escalation of the US-Iran conflict and restrictions on transportation in the Strait of Hormuz, international oil prices continue to rise strongly, experiencing the longest consecutive increase since January. Data shows that Brent crude oil (XBRUSDT) on the Gate platform is priced at $99.78, an increase of about 2.31%; WTI crude oil (XTIUSDT) is priced at $96.62, an increase of about 2.22%. Against the backdrop of rising oil prices, the trading activity of related derivatives has also increased.According to Coinglass data, the 24-hour trading volume of WTI crude oil (XTIUSDT) on the Gate platform reached $20.08 million, with a position size of about $4.53 million, ranking first among all exchanges; the 24-hour trading volume of Brent crude oil (XBRUSDT) reached $10.92 million, with a position of about $3.81 million, also ranking first. Driven by high volatility, market participation continues to rise, further highlighting Gate's advantages in liquidity and trading depth in the energy derivatives sector.Gate Contracts has pioneered the commodity contract sector, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas), providing 24/7 trading, USDT settlement, and up to 100x leverage, helping users with cross-market asset allocation and strategic layout in volatile markets.

The cryptocurrency trading platform SuperEx announced that it will soon launch Canton (CANTON) in the innovation zone and open the CANTON/USDT spot trading pair. Trading will officially start on April 24, 2026, at 11:00 Beijing time (03:00 UTC), and the deposit and withdrawal channels will soon be opened.The official stated that with the launch of spot trading, CANTON will also be included in the margin support range for all-currency contracts, allowing users to use it directly as margin assets for contract trading.It is reported that the Canton Network is a public, permissionless blockchain network designed specifically for institutional finance, aiming to integrate privacy, compliance, and scalability. The network is managed by the Canton Foundation and supported by several leading global financial institutions, enabling instant, secure synchronization and settlement of various asset classes on its shared infrastructure powered by its native token, Canton Coin.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.34% in the past 24 hours, with the current total open interest at 59.571 billion USD. Among them, Binance's open interest is 10.25 billion USD, OKX's open interest is 3.488 billion USD, Bybit's open interest is 4.652 billion USD, and Gate's open interest is 4.902 billion USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 7.04% in the past 24 hours, with the current total open interest at $30.588 billion. Among them, Binance's open interest is $6.683 billion, OKX's open interest is $1.709 billion, Bybit's open interest is $2.067 billion, and Gate's open interest is $3.178 billion.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.74% in the past 24 hours, with the current total open interest at 60.08 billion USD. Among them, Binance's open interest is 10.26 billion USD, OKX's open interest is 3.615 billion USD, Bybit's open interest is 4.795 billion USD, and Gate's open interest is 5.181 billion USD.

Binance contracts will delist the B3USDT, DEGENUSDT, and BOBUSDT U-based perpetual contracts on April 28, 2026, at 17:00, and will delist the ZKJUSDT, IRUSDT, and DAMUSDT U-based perpetual contracts on April 29, 2026, at 17:00. Users are advised to close their positions before trading stops to avoid automatic liquidation of positions.

Meta Pool indicates that a suspicious contract has been found attempting to impersonate a legitimate staking pool and tokens. Meta Pool emphasizes that this contract is not associated with Meta Pool or any official NEAR liquidity staking provider.

According to market data, the Binance BTC/USDT contract and spot market briefly showed a significant price difference, peaking at around 700 USD, and then quickly converged, with the current price rising to 77365 USD.

Axe Compute Inc. (NASDAQ: AGPU), a publicly traded company on NASDAQ, announced that it has signed a 36-month AI infrastructure contract with an enterprise client, with a total contract value of approximately $260 million. The deployment includes a dedicated cluster of 2,304 NVIDIA B300 GPUs and a high-speed AI storage system, expected to officially launch in the third quarter of 2026 at a Tier 3 data center in the United States. This is the largest single enterprise contract since the establishment of Axe Compute.Axe Compute's underlying computing power infrastructure is supported by Aethir's decentralized GPU cloud. The contract includes a dedicated 4.8 megawatt N+1 redundant power supply, with deployment locations and service standards specified by the client, utilizing a structured payment arrangement. Daniel Wang, co-founder and CEO of Aethir, stated that this contract is the result of months of deep collaboration between the two teams: "The enterprise-grade workloads supported by 2,304 NVIDIA B300 GPUs are exactly the scale we aimed for when building Aethir's computing power infrastructure. Today's announcement proves that decentralized GPU infrastructure is capable of handling AI workloads from the world's top enterprises."After the announcement, Axe Compute (NASDAQ: AGPU) experienced significant stock price volatility, with an intraday increase of over 166%, reaching $14.47, and the trading volume exceeding one hundred times the average daily level over the past three months.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.04% in the past 24 hours, with the current total open interest at $31.147 billion. Among them, Binance's open interest is $6.983 billion, OKX's open interest is $1.753 billion, Bybit's open interest is $2.14 billion, and Gate's open interest is $3.114 billion.

According to monitoring by Hyperinsight, after the S&P 500 index surged to a new high last week, it has tested the peak three times in a row, with the amplitude gradually narrowing, accompanied by a continuous rise in the bottom support range. The S&P 500 contract on the Hyperliquid platform fell below $7,100 during the pre-market trading session, currently reported at $7,090.The largest long position on the platform for the S&P 500 currently has a scale of $66.28 million, with an average opening price of $6,891, opened on April 10, and the current floating profit still reaches $1.9 million, with no reduction in position during the holding period.It is reported that this address was previously the "largest short" whale for ZEC, holding a long-term bearish view on several altcoins in the crypto market. Currently, the largest position in the crypto portfolio is a short position in HYPE, with a scale of $7.76 million, an average price of $36.91, and a current floating loss of $760,000.

According to CoinGlass data, XAU is currently priced at $4716.22, with a 24-hour decline of 1.01%. Due to market fluctuations, the total trading volume of XAU contracts across the network reached $2.064 billion in 24 hours, a decrease of 22.29% compared to the previous period.In centralized exchanges, liquidity is mainly distributed among Binance, Bitget, and OKX, with their 24-hour trading volumes being $1.297 billion, $293 million, and $139 million, respectively, ranking in the top three.

According to the official announcement, Bitget has launched the U-based OPG perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will also be opened simultaneously.

According to CoinGlass data, the price of gold tokens is fluctuating upwards, with gold contracts XAUT_USDT and PAXG_USDT both breaking above $4700. Currently, XAUT is quoted at $4,682.15, and PAXG is quoted at $4,687.79. Although there has been a short-term pullback, the overall price remains in a high range, and market attention continues to increase.In addition, in terms of the spot market for gold (PAXG), Gate ranks among the top with a 24-hour trading volume of approximately $1.8846 million, with an increase of up to 99.87%, ranking first.Currently, Gate has fully deepened its TradFi layout, with the spot sector supporting trading in stocks and metals, and the contract sector covering diversified assets such as gold, silver, foreign exchange, and commodities. With a flexible USDT settlement mechanism and leverage of up to 100 times, Gate continues to assist global investors in achieving cross-market, round-the-clock asset allocation and risk management.

The new crypto bank and non-custodial financial application Tria announced the official integration of the decentralized perpetual contract exchange Decibel on April 21.Through this integration, Tria users can directly access Decibel's full-chain central limit order book (CLOB) for perpetual contract trading within a single self-custodial account, without the need for asset cross-chain transfers or switching between multiple wallets. The official statement indicated that this move aims to reduce friction in DeFi operations, seamlessly unifying functions such as derivatives trading, yield aggregation, and cross-chain payments within the same interface.It is reported that Decibel is built on the Aptos network and will launch its mainnet in February 2026. During its testnet period, it recorded over 650,000 independent accounts and an average of over 1 million transactions per day. Tria currently serves over 500,000 users in 150 countries worldwide, with investors including Polychain Capital and the Ethereum Foundation.

The "contract whale" posted on social media stating that the long position they entered yesterday has been closed for profit.It is reported that the opening price of their long position was $75,731, with a total position of 717.491 bitcoins, valued at approximately $55.6 million.