Gate Cryptocurrency News and Market Analysis

According to CryptoQuant’s assessment on April 23, the KelpDAO exploit attack that occurred last week created potential bad debt risk for Aave of $124 million to $230 million within 72 hours, with TVL crashing 33%. USDT and USDC borrowing rates jumped from 3.4% to 14%, and ETH borrowing rates rose to the highest level since January 2024 at 8%.

JPG Store, the largest NFT trading market in the Cardano ecosystem, announced that it will permanently shut down on May 23, 2026, and its Comet platform will stop services at the same time. The team attributes the closure to the fact that “the platform has developed to the point where it can no longer continue operating,” marking the end of this flagship market that has served the Cardano community for five years since 2021.

According to a report by the Belarusian news agency BelTA on April 23, Alexander Yegorov, First Deputy Chairman of the National Bank of Belarus, announced at the “2026 Digital Bank” conference that the Belarusian crypto-banking framework allows the use of 26 cryptocurrencies and 11 types of operations, as set out in accordance with Belarusian Decree No. 19, “On certain regulatory issues in the field of crypto banks and digital tokens.”

Bitcoin (BTC) rebound momentum is weakening, with a temporary quote around $78,030 as of April 24. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned a Cambodian politician linked to a crypto “pig butchering” scam center. Tether issued another 1 billion USDT on the Ethereum network; over the past 5 days, it has issued a total of 3 billion USDT on the Ethereum network.

SpaceX secured a US$20 billion bridge loan in March to refinance most of its debt ahead of a planned US IPO, according to Reuters. The loan came from unnamed lenders and reduced SpaceX's total debt to US$20.07 billion as of March 2, down from US$22.05 billion at the end of 2024. The company may

AI infrastructure tokens gained despite extreme fear sentiment remaining near level twenty-three across broader cryptocurrency markets. KITE showed the strongest weekly movement among the four tracked artificial intelligence-linked assets. Analysts continued identifying decentralized

Infosys reported March-quarter revenue of 464 billion rupees (US$4.93 billion), up 13.4% year-over-year, beating analyst estimates of 460.3 billion rupees (US$4.9 billion), according to Reuters. The company attributed stronger demand in its banking, energy, and communications segments to the revenue

EtherFi Foundation submitted a governance proposal on April 24, authorizing the DAO treasury to allocate up to 5,000 ETH to fund the cross-protocol rescue pool for the rsETH vulnerability incident, to fill the shortfall in collateral and prevent Aave and other DeFi lending markets from incurring bad debt. This is part of EtherFi’s “DeFi United” coordinated rescue initiative.

The U.S. Department of Justice arrested a U.S. military servicemember on April 23, accusing him of using classified information to place bets on the prediction market Polymarket that Venezuelan President Nicolás Maduro would be arrested, resulting in profits of more than $400k from an initial wager of more than $33k. On Thursday, U.S. President Trump said he will investigate whether federal employees have been placing bets on sports betting platforms, criticizing, “the world has become a casino.”

U.S. President Donald Trump posted on Truth Social on April 24, announcing that the ceasefire agreement between Israel and Lebanon will be extended by three weeks. On the same day, he also ordered the U.S. Navy to “sink any vessel currently laying mines in the Strait of Hormuz,” and instructed the military to carry out mine-clearing operations with “three times the force.” Brent crude spot prices have returned above $100, and Bitcoin is trading near $78,000 under pressure and consolidating.

Intel announced a blockbuster sales forecast on April 23 that exceeded Wall Street expectations, signalling the long-struggling chipmaker is benefiting from massive artificial intelligence computing buildout. The company projects second-quarter revenue of US$13.8 billion to US$14.8 billion,

Announcement Netflix announced on April 23 that its board approved an additional US$25 billion share repurchase program, expanding upon a buyback plan previously approved in December 2024. The authorization carries no expiration date. In premarket trading following the announcement, Netflix

Zondacrypto is facing allegations of fund misappropriation, as its CEO, Przemysław Kral, claims the exchange lost access to a wallet containing over 4,500 BTC. Kral stated that the wallet was sold to the exchange, but its former owner disappeared before delivering the private keys. Key

Whale activity is increasing volatility signals, while accumulation patterns suggest preparation for broader alternative asset participation phases ahead. Infrastructure networks like Chainlink and Hedera continue attracting institutional-style monitoring because interoperability and

Asian equity markets are positioned to open lower on Friday following declines on Wall Street, as traders express concern that escalating Iran tensions could prolong disruptions to the Strait of Hormuz, according to the market report. US stocks declined Thursday, with the S&P 500 falling 0.4% and th

Bitcoin is trading near $78,400 on Thursday after reaching an intraday high of $79,426 on Wednesday, according to The Block's price data. Institutional flows have supported the advance, with spot Bitcoin ETFs recording $11.8 million in inflows on April 21 as part of a six-day streak, while spot Ethe

Gennady Zyuganov, head of Russia's Communist Party, warned Vladimir Putin on April 23, 2026, of the risk of revolution as Russia's war-hit economy faces financial disaster and rising inflation, according to the Daily Star. During a parliamentary speech, Zyuganov cautioned that if the Kremlin does no

Interactive Brokers has joined the Singapore Exchange (SGX) as both a trading and clearing member, extending its participation in Asia's derivatives infrastructure beyond market access into execution control, margin efficiency, and cross-border liquidity. SGX Membership and Market Access The memb