ga

The law firm Burwick Law has filed a federal class action lawsuit in the Southern District of New York (SDNY) against the creators of AI16Z and ELIZAOS, including defendant Walters, accusing them of violating consumer protection laws, false advertising, and unjust enrichment. Legal documents show that the defendants are accused of leveraging the brand reputation of Andreessen Horowitz (a16z) to package the project and issued the AI16Z token on Solana on October 24, 2024, later renamed ELIZAOS. The complaint alleges that the project claimed to have self-investing AI agents, which were actually operated manually, and did not generate revenue during the lawsuit period.On January 2, 2025, the token price reached a historical high of approximately $2.47, with a market capitalization exceeding $2.6 billion, and subsequently collapsed due to large holders reducing their positions. On-chain data shows that the most profitable traders realized approximately $39 million in profits.

According to Gate market data, the Nasdaq index has increased, reaching a new intraday historical high of 24,537.58 points.

At the Bitget "Obsidian Night" offline event, the platform's Chinese language head, Xie Jiayin, elaborated on the IPO Prime product strategy. He stated that relying on the UEX panoramic exchange architecture, IPO Prime aims to break the barriers of traditional primary markets that have long been monopolized by leading institutions, building a standardized asset subscription channel that allows ordinary users to fairly participate in the early value growth of global unicorns like SpaceX.Xie Jiayin emphasized that "coming means being a VIP" has never just been a slogan, but a substantial right delivered to users based on UEX capabilities. IPO Prime is not only an upgrade and iteration of the product system but also a deep practice of the concept of financial equality in the cryptocurrency trading field. By continuously lowering participation thresholds and improving asset circulation efficiency, the rights to allocate high-quality global assets are truly made accessible to every user.

At the Web3 exchange event "Web3 Dialogues @ HKU - Academia x Industry" held at the University of Hong Kong, Gate founder and CEO Dr. Han engaged in face-to-face communication with students, sharing his entrepreneurial experiences and personal reflections in the digital asset industry.Dr. Han stated, "Do not blindly trust your parents, nor blindly trust your teachers, even though I have learned a lot from them." He pointed out that this expression does not negate experience and education itself, but rather aims to remind students that they cannot simply rely on existing authorities or established answers; they need to build independent thinking abilities to cope with the rapidly changing era of technology and markets.In the context of the accelerated integration of Web3 and AI, the rules of the cryptocurrency industry are still being reshaped. During this event, Dr. Han systematically reviewed the significant opportunities and changes in the cryptocurrency industry in recent years, engaging in in-depth discussions with the attending faculty and students on technological innovation and industry trends. Gate will deepen its communication and cooperation with academia and industry in the future, while continuing to promote the dissemination of high-quality industry experiences while leading industry development.

Gate will hold the "Institutional Circle: Al Reshaping Crypto Liquidity & Market Access" institutional exchange event in Hong Kong, aimed at institutional participants, focusing on discussions related to "AI Reshaping Crypto Liquidity and Market Structure." The event will invite institutional founders and business leaders from the Asia-Pacific region to explore the direction of industry evolution from a practical perspective.On the day of the event, Addis Hu, Global Head of Institutions at Gate, will deliver the opening speech and a keynote address; Ethan Hui, Senior Regional Business Development Manager at AWS, and Chen Zhao, Executive Director of Digital Assets and CEO of FinChain, will also attend as special guests and give speeches.In addition, the event will include registration and gift distribution, free networking, and a dinner segment, providing attendees with opportunities for in-depth communication and resource connection, further promoting institutional collaboration and industry cooperation.

According to official data, the Gate Pre-IPOs project SpaceX (SPCX) has been open for 24 hours, with subscription enthusiasm continuing to rise, and the total subscription amount has exceeded $353 million.The current subscription activity is still ongoing and will close on April 22 at 18:00 (UTC+8). The total subscription volume is 33,900 SPCX, with a unit price of $590, totaling approximately $20.01 million, with an implied valuation of $1.4 trillion. This product supports participation in both USDT and GUSD, and after the subscription is completed, the SPCX asset certificates will enter the pre-market trading with a 100% unlock form.In addition, for new users participating in the subscription, a maximum of 200% annualized returns can be enjoyed through the remaining coin treasure; users who choose to participate in the subscription with GUSD can enjoy a 2.9% minting return bonus; VIP 5 and above users and super agents are receiving additional airdrop rewards, continuously enhancing the overall participation return space. Gate Pre-IPOs provides users with more forward-looking allocation opportunities by introducing high-quality pre-IPO assets.

Helius CEO mert posted on platform X, stating that decentralization is essentially "coordination without a central authority." If the cost of coordination is close to zero, then it is effectively centralized; if the cost of coordination is infinitely high, then it technically cannot be called decentralized, as the system would not function properly.mert illustrated this point through a thought experiment: suppose there currently exists a highly decentralized blockchain with hundreds of thousands of nodes running from home, distributed mining power, and token supply. He then proposed another extreme hypothesis—if North Korea could transfer funds from wallet A to wallet B within time T, then this would be equivalent to that chain being able to simultaneously detonate nuclear weapons in most countries around the world.Finally, assuming that the blockchain could successfully freeze the funds in wallet A through a fork without causing mass casualties, would this blockchain still be considered decentralized? mert believes that although humanity can achieve coordination due to the shared incentive of "not dying," this does not mean that the chain is "unorganized." Decentralization is still fundamentally "coordination without a central authority."

According to Jinshi reports, strategists at JPMorgan Chase have stated that the renewed enthusiasm for artificial intelligence technology will drive the U.S. stock market to exceed expectations this year. The bank has raised its annual target for the S&P 500 index to 7,600 points, up from 7,200 points last month. On Monday, the S&P 500 index closed at 7,109 points, indicating an increase of about 7% still to come. The strategists' optimistic forecast is based on a more favorable outlook for the technology and artificial intelligence sectors.

According to GMGN monitoring, the market capitalization of the meme coin MAGA (Make Aliens Great Again) on the Solana chain has surged again, reaching a high of $9.96 million, setting a new record. It is currently reported at $9.1 million, with a 24-hour increase of 350%, and a trading volume of approximately $2.6 million during the same period.It is reported that since April 17, when Trump publicly stated his intention to release government documents related to UFOs, UAPs, and possible extraterrestrial life, the related narrative has continued to heat up, and MAGA's market capitalization has risen from less than $50,000 all the way up.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, and has no actual value or use case, so investors should be aware of the risks.

ChainCatcher reported live that Celine Tan, Head of Liquidity Distribution at BNY Mellon Investment Management Hong Kong Limited, Kelly Sohn, Head of Digital Asset Strategy at Mirae Asset Securities (HK) Limited, Victor Jung, Head of Digital Assets at Hamilton Lane, and Xu Ping, Managing Director of Global Investment Banking at JPMorgan, attended the HK Web3 Feastival roundtable to share "The RWA Moment in Asia-Pacific: Hong Kong vs Singapore."The attendees generally believe that RWA is currently transitioning from proof of concept to broader implementation, driven mainly by the gradual maturity of technology, increasingly clear regulatory frameworks, and the rising market demand for stable, yield-generating asset allocations.Kelly Sohn stated that this round of RWA warming is different from the past, not driven by a single factor, but rather the result of the combined effects of technology, regulation, and capital flow. She also pointed out that the assets currently more suitable for tokenization include standardized products such as money market funds and commodities, and the combination of stablecoins and tokenized assets will further enhance on-chain transaction and settlement efficiency.Xu Ping mentioned that Singapore has become more cautious overall after the FTX incident, with a greater focus on institutional investors; in contrast, Hong Kong has advantages in retail access, licensing systems, and market innovation inclusiveness, making it more attractive to exchanges, stablecoin issuers, and custodians. She also noted that banks will play a key role in infrastructure, custody, and payment settlement within the RWA ecosystem.Victor Jung indicated that the market has previously focused too much on the institutional narrative, but the retail side is also an important source of demand for tokenization. He summarized the current demand into two categories: one is to obtain more yield through on-chain solutions, and the other is to reduce costs by improving efficiency. In his view, the industry driving force has gradually shifted from early technology supply to being driven by real investor demand.The roundtable discussion also mentioned that for RWA to further expand its application in the next phase, it still needs to address issues such as regulatory clarity, institutional infrastructure readiness, and investor education, as these factors remain key variables affecting the further development of the market.

According to monitoring by Hyperinsight, in the past 16 hours, the Galaxy Digital associated address (0xcac) has continuously closed ETH short positions, reducing holdings by a total of 905 ETH, approximately worth 2.09 million USD. Currently, there is still a floating profit of 2.6 million USD, with a position size reaching 7.4 million USD.Since March, this address has significantly reduced its positions, continuously selling BTC and ETH spot while simultaneously closing short positions, with a total spot selling volume reaching 11 million USD, completing the liquidation; the size of the short positions has also decreased from 35 million USD to the current 13.8 million USD, during which the funding rate settlement recorded approximately 3.5 million USD in profits.It is reported that this address has received on-chain funds from Galaxy Digital multiple times and has been executing a neutral arbitrage strategy on Hyperliquid for a long time, typically maintaining risk neutrality by selling spot and closing short positions, or buying spot and increasing short positions.

According to CoinGlass data, Brent crude oil (XBR) has a 24-hour contract trading volume of 16.5 million USD across the network, with a contract open interest of 6.2258 million USD; among them, the Gate platform has a 24-hour contract trading volume of 15 million USD, ranking first in the world; the contract open interest is 2.67 million USD, ranking second in the world. WTI crude oil (XTI) has a 24-hour contract trading volume of 20.6188 million USD across the network, with a contract open interest of 22.8109 million USD.Among them, the Gate platform has a 24-hour contract trading volume of 13.08 million USD, ranking first in the world; the open interest reaches 4.75 million USD, ranking second in the world.In the metals sector, the 24-hour trading volume of XAG contracts across the network reaches 900 million USD, among which the Gate platform's XAUT/USDT contract open interest records 72.3609 million USD, ranking third in the world.Currently, Gate has fully deepened its TradFi layout, with the spot sector supporting stock and metal trading, and the contract sector covering diversified assets such as gold, silver, foreign exchange, indices, and commodities. With a flexible USDT settlement mechanism and up to 100 times leverage, Gate continues to assist global investors in achieving cross-market, round-the-clock asset allocation and risk management.

Lion Global Investors, an asset management company under Singapore's OCBC Bank, has launched a tokenized physical gold fund, with the underlying token GOLDX issued on Ethereum and Solana.This product is aimed at institutional investors, hedge funds, and asset management companies, supporting subscriptions and redemptions through stablecoins or fiat currency. GOLDX is linked to the physical gold fund launched by Lion Global, which is set to go live in December 2025, and currently manages assets of approximately $525 million.

According to Jinshi News, JPMorgan has raised its S&P 500 index target for the end of 2026 to 7,600 points, up from the previous target of 7,200 points.

Since Trump publicly announced on the 17th that he plans to release government documents related to UFOs, UAPs, and possible extraterrestrial life, the related narrative has continued to heat up. The market capitalization of the meme coin MAGA (Make Aliens Great Again) on the Solana chain has risen from less than $50,000. As of the time of writing, the token reached a high of $7.4 million this morning, setting a new historical record, and has now fallen back to $6 million, with a 24-hour increase of 140% and a trading volume of $2.1 million during the same period.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, and has no actual value or use case. Investors should be aware of the risks.

According to the official announcement, Gate will launch the 13th phase of the Flash Exchange Lucky Draw event from April 20 at 18:00 to April 27 at 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of only $1, enjoy a zero-fee fast experience, and participate in the lottery to unlock PIEVERSE and lucky bag rewards. The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, available on a first-come, first-served basis.During the event, new users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users who complete a flash exchange transaction volume of $100 daily will receive 1 lottery chance, and additional lottery chances can be unlocked when the transaction volume reaches $500, $1,000, $5,000, and for every additional $10,000; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, 1 lottery chance can be obtained, with a maximum of 10 chances per individual.In addition, users whose flash exchange transaction volume reaches 80,000 USDT can also participate in the cash reward activity, with a maximum reward of 200 USDT available, and a total prize pool of 20,000 USDT, distributed based on transaction volume ranking, available on a first-come, first-served basis.It is reported that Gate Flash Exchange currently supports over 2,400 types of cryptocurrency assets, providing zero fees, fast transactions,

According to data from DefiLlama, Gate's 24-hour net capital inflow exceeded $175 million, ranking among the top three centralized exchanges globally.

According to Onchain Lens monitoring, Morgan Stanley increased its holdings by 215 BTC 4 hours ago, worth 16.43 million dollars. It currently holds 1820.6 BTC, valued at 138.1 million dollars.

According to Jinshi reports, European Central Bank President Lagarde stated that if extensive fiscal support is implemented, it will force the European Central Bank to further raise key interest rates.

Glassnode's latest report indicates that although buying interest remains strong, providing some buffer for prices, market sentiment is turning cautious. Data shows that the cumulative volume delta (CVD) has shifted from positive to negative, selling pressure is rising, and bearish sentiment is beginning to emerge.Meanwhile, centralized exchanges are active, and market participation remains high. In the futures market, the increase in open interest indicates a rise in risk appetite, but the funding rate for long positions has significantly decreased, and the CVD for perpetual contracts has sharply declined, suggesting that traders are more willing to pay a premium to short, while buyer initiative is weakening and bearish sentiment is intensifying.In the options market, the demand for downside protection has decreased, which may ease bearish sentiment, but the contraction in open interest could indicate profit-taking, affecting subsequent volatility. The narrowing of volatility spreads suggests that market sentiment is shifting from risk pricing to neutral.The ETF sector has become a highlight, with the MVRV ratio and net inflows of U.S. spot ETFs rising, profitability and investor interest strengthening, and trading activity significantly increasing, indicating a growing enthusiasm for participating in Bitcoin through regulated channels, with market sentiment being cautiously optimistic.In terms of liquidity, the share of hot money has decreased, and the negative change in realized market value has narrowed, indicating that old money is dominating and net outflows are easing. The supply ratio between short-term and long-term holders remains stable, and long-term holders' confidence is solid.