Gate News message, according to an official announcement dated April 20, 2026 Gate launches a user-exclusive wealth management promo for SpaceX (SPCX) Pre-IPOs subscription users. The campaign runs from April 21, 2026 at 16:00 to April 24, 2026 at 16:00 (UTC+8). Users who have participated in SpaceX Pre-IPOs subscriptions can apply for USDT time deposit wealth management products. The promotion includes two benefits: New users who subscribe for a USDT 3-day time deposit wealth management product can enjoy an annualized return of 200%; all users who participate in SpaceX Pre-IPOs can subscribe for a USDT 14-day time deposit wealth management product with up to 5% annualized returns. The total quota is 100,000,000 USDT on a first-come, first-served basis.

2026-04-20 07:15 to 07:30 (UTC), ETH’s short-term return reached +1.22%. The price range spanned from 2285.19 to 2332.62 USDT, with a 2.07% amplitude. During this period, market attention heated up, volatility noticeably intensified. On-chain transaction volume rose in tandem, and key mainstream on-chain activity indicators expanded significantly on a month-over-month basis. The primary driver of this deviation was an increase in transaction activity related to DeFi protocols, which boosted the share of on-chain Gas consumption. At the same time, total on-chain transaction volume saw a sharp surge in a short time. DeFi scenarios such as decentralized exchanges and lending protocols led to a direct surge in demand for ETH, driving funds to flow quickly into the market. In addition, the average Gas fees and Gas prices on the ETH network continued to climb in this window, further validating that high-frequency trading and active capital were accelerating into the market and strengthening short-term bullish sentiment. Second, on-chain data also showed an expansion in liquidity related to stablecoins and ERC20 assets, strengthening market buy-side power. Although historical large-wallets such as Wilcke still held a large amount of ETH after early March, this cycle did not trigger abnormal transfers or large-scale sell-offs. Meanwhile, the positioning structure of mainstream ETH did not show passive deleveraging or concentrated liquidation. Under the combined effects of multiple factors, global buy-side demand was amplified, and short-term ETH volatility was further elevated. Be alert to the risk of capital sustainability after a surge in high-frequency trading volume and Gas fees. If subsequent incremental buying is lacking or on-chain attention cools down, ETH may face short-term pullback pressure. Monitor changes in large-holder positions, any abnormal shifts in network fees, and liquidity volatility on the DeFi protocol chain. While there have been no signs of security incidents involving major contracts and protocols so far, short-term liquidity disturbances still need close observation. Keep monitoring fund flows and on-chain structure to stay informed about subsequent market changes.

UBS analysts predict the Federal Reserve will cut interest rates by 50 basis points by 2026, despite rising energy prices. Fed Chairman Powell suggests limited tightening is needed, focusing on core inflation evidence before cuts. The forecast for Treasury yields indicates potential downward movement.

Gate News message, April 17 — The rate swap market is signaling a dovish shift, with current pricing reflecting expectations for 15 basis points of Federal Reserve rate cuts by December.

From 2026-04-15 19:30 to 19:45 (UTC), the BTC price fluctuated between 74,706.2 and 75,276.9 USDT. Within 15 minutes, the return reached +0.46%, and the range was 0.76%. Trading activity in the market for this window was active: spot trading volume rose 18% compared with the previous hour’s average. Volatility increased in the short term, and overall market attention improved. The main drivers behind this abnormal move are the short-term amplification of spot market trading volume and the coordinated increase in long positions in the derivatives market. Derivatives futures open interest (Open Interest) during this period, on a month-over-month basis,

The IRS will enforce mandatory cost basis reporting for digital asset brokers starting April 15, 2026, requiring them to submit Form 1099-DA to report sales and exchanges. This aims to reduce underreporting of capital gains and align cryptocurrency tax reporting with traditional securities.

Gate News, according to Gate’s official announcement Gate’s Yuebi Bao launches an ETH 7-day term wealth management product with an additional rewards pool. Subscription users can enjoy a 10% annualized return bonus. This rewards pool cumulatively provides 500,000 OFC in additional rewards, using a first-come, first-served mechanism. The additional rewards will be distributed to users’ accounts on a daily basis in the form of an equivalent amount of OFC. The platform has an overall cap on the total activity rewards and a limit on the maximum amount each individual user can receive.

U.S. Representative reintroduces the “Digital Asset Protection Act,” revises the treatment of cryptocurrency taxation, removes the tax-exempt threshold for small transactions, clarifies the conditions for recognizing gains from stablecoin transactions, and sets rules for determining cost basis. Industry expects the bill to drive the inclusion of crypto provisions in tax legislation.

From 01:30 to 01:45 (UTC) on 2026-04-12, the BTC price saw significant volatility within the 71,560.0–73,017.1 USDT range. The candlestick return rate recorded -1.75%, and the amplitude reached 2.00%. During this period, market attention increased, the trading atmosphere clearly became more cautious, and heightened volatility triggered short-term capital vigilance. The primary driving force behind this unusual move is the continued deterioration of liquidity in the derivatives market: CME futures open interest fell to a 14-month low, and institutional arbitrage capital accelerated its withdrawal. Futures trading volume trended lower over the long run, and arbitrage basis compression caused the market to deepen in…

Gate News update, April 12, Bloomberg ETF analyst Eric Balchunas disclosed that Bitwise has once again updated its Hyperliquid ETF application filings. The trading symbol is set to BHYP, and the management fee is 67 basis points (0.67%). Eric Balchunas said that this move typically means the ETF will be launched soon.