Gate News message, April 20, according to Gate market data. As of the time of writing, AAVE (Aave) is trading at $92.32. Over the past 24 hours, it is down 6.53%, with a high of $99.17 and a low of $88.71. The 24-hour trading volume is $16.9544 million. The current market cap is approximately $140.1 million. Aave is an open-source decentralized lending protocol that provides deposit and borrowing services for users. The deposit interest rates for depositors and the loan interest rates for borrowers are calculated algorithmically based on the platform’s borrowing amount and deposit amount. The platform also uses Chainlink oracles to ensure fairness in the collateral price. AAVE’s recent important news: 1️⃣ **Kelp DAO cross-chain bridge hacked, triggering a liquidity crisis** The hacker exploited a LayerZero cross-chain bridge vulnerability to steal rsETH worth $291 million, and then used the illegally obtained rsETH to provide collateral and borrow on Aave, causing the utilization rate of Aave’s core lending pool to reach 100%. The incident triggered a chain reaction: Aave’s net withdrawals totaled $6.2 billion, and total deposits fell from $45.8 billion to $35.7 billion. This event directly hit market confidence and is the main reason for the recent decline. 2️⃣ **Multiple institutions and whales panic-selling** After the incident, multiple whale addresses sold AAVE heavily on-chain, including the "smaugvision" address selling 20,015 tokens, the 0xFC5 address selling 20,000 tokens, and the 0xA2E address selling 19,665 tokens—totaling nearly 60,000 tokens. The well-known whale "ThisWillMakeYouLoveAgain" even cut losses and stopped the loss by selling 29,400 AAVE for $2.73 million, with losses exceeding $6 million. Large-scale selling further intensified downward pressure on the market. 3️⃣ **DAO governance approves a large financing plan to support long-term development** The Aave DAO passed the first grant proposal under the Aave Will Win framework with 75% support. Aave Labs will receive $25 million in stablecoins and 75,000 AAVE (about $6.8 million) unlocked linearly over four years. Founder Stani clearly laid out the strategic direction: all product revenues will flow back to the DAO treasury, with the goal of expanding the protocol’s scale from $40 billion to the trillion-level. This financing plan provides a solid foundation for the protocol’s long-term development, but in the short term the market still needs to absorb the impact of the hacker incident. 4️⃣ **Smart money addresses build positions against the trend** On-chain data shows that over the past seven days, approximately $2.9 million worth of AAVE has flowed out of exchanges. Smart money addresses are accumulating AAVE, with their holdings increasing to 359,880 tokens. The top 100 traders saw a net inflow of $2.18 million, and the leading profit-taking wallets maintained their positions without moving, suggesting that institutional investors are optimistic about Aave’s long-term prospects and providing some support for the current price. This information is not investment advice. Please note the risk of market volatility when investing.

Greater Bay Technology has produced its first all-solid-state battery cells, featuring an innovative solid electrolyte that enhances safety and performance. It aims for GWh production by 2026 and will debut in GAC's Hyptec vehicles, positioning itself as a pioneer in commercial solid-state batteries.

Fueled by a ceasefire agreement between the United States and Iran, the price of Ethereum rose by about 9% on Wednesday, reaching a new high in several weeks. At the same time, stablecoin supply hit a historical high, suggesting increased activity across the Ethereum ecosystem. Analysts believe this provides solid support for Ethereum, and investors should watch macro events and changes in technical indicators.

Gate News message. April 3, according to Solid Intel, Turkey sold about 120 tons of gold within three weeks, worth up to $20 billion, to support its legal tender lira. Of that, it sold about 70 tons of gold last week.

Gate News, April 3, according to Gate market data, as of the time of this release, XPL (Plasma) is trading at $0.12. As of the time of this report, it has increased by 11.34% in the past 24 hours, reaching a high of $0.17 and dropping to a low of $0.10. The 24-hour trading volume is $9.1528 million. Its current market cap is approximately $281 million. Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoins. Plasma is committed to serving the stablecoin market that has already surpassed a total issuance of $275 billion and monthly transaction volumes in the tens of trillions of dollars. Its core advantages include: zero-fee USDT transfers, custom Gas tokens, and convenient crypto payments. At the same time, supported by outstanding throughput, it provides solid backing for global-level transaction circulation. This news does not constitute investment advice; investors should be mindful of market volatility.

In the first quarter of 2026, the price of Bitcoin fell 23.8%, marking its worst performance since 2018. Starting the year, the price dropped from $87,508 to $66,619, for a cumulative loss of 41.6%. Analysts believe that the main reasons include macroeconomic uncertainty and heightened geopolitical tensions in the Middle East. In addition, ETF outflows have further increased pressure. Despite near-term difficulties, long-term confidence remains solid, and institutional participation trends look positive. The market is watching how developments in the Middle East could affect Bitcoin and overall cryptocurrency market sentiment.

Bitcoin has recently been fluctuating between $65,000 and $75,000, with market sentiment hesitant. Technically, it appears to form a bear flag pattern, but the bearish momentum is weakening, and the market is moving toward balance. Compared to the pullback in 2022, current demand remains solid, and prolonged sideways movement could indicate potential upside, but traders should watch for breakout signals.

Under geopolitical risks and macroeconomic pressures, Bitcoin's price has broken below $68,000. Anthony Scaramucci, founder of SkyBridge Capital, believes this represents a typical cyclical pullback and anticipates Bitcoin may rally again in 2026. Despite short-term market risks, long-term bullish sentiment remains solid.

The Smarter Web Company was included in the FTSE UK Index Series on March 20th. The CEO stated this would attract passive capital inflows and strengthen the institutional shareholder base. The company maintains a solid capital structure and holds 2695 bitcoins.