Gate Crypto Flash News and Market Updates

Justin Sun withdrew 55.01 million USDC from a major CEX and deposited it into the Spark protocol, totaling $179 million in deposits since Aave's bad debt incident, highlighting Spark's growing liquidity.

Singapore Gulf Bank has launched USDC minting and redemption services on the Solana network for institutional clients, enhancing transaction efficiency and addressing challenges in transferring large sums between traditional and crypto markets.

The FCC plans to revoke wireless product testing credentials for Chinese labs, with implementation by the end of April and a two-year transition. HuaCe Testing expects limited impact on its revenue from this change.

The SEC and CFTC propose to reduce hedge fund reporting requirements by exempting smaller advisors and increasing the asset threshold for Form PF from $150 million to $1 billion, with data used confidentially for oversight.

Pharos has detailed the public sale for its PROS token, aiming to raise $1 million by offering 0.1% of total supply at $1.00 per token. Participants must complete KYC/KYB verification and can choose between lockup options. Registration began on April 20.

UK Prime Minister Keir Starmer admitted in Parliament that appointing Peter Mandelson as US ambassador was an "error in judgment." Mandelson was dismissed after revelations of his connections to Jeffrey Epstein and failure to pass a security clearance.

Vitalik Buterin presented Ethereum's five-year roadmap, focusing on quantum security and scalability. Key goals include increasing gas limits, implementing Zero Knowledge Proofs, and enhancing transaction confirmation times by 2028, despite challenges with quantum-resistant signatures.

Optiver Holding BV has invested in Eden Block, a venture capital firm focusing on cryptocurrency and AI. This move aims to enhance Optiver's exposure to innovative companies in these sectors, as both technologies could transform trading and capital markets.

Iran's Foreign Minister Araghchi and Russia's Foreign Minister Lavrov discussed recent regional and international developments in a phone call on April 20, as reported by Iran's Islamic Republic News Agency.

Russian cryptocurrency exchange Grinex ceased operations after a cyberattack caused losses over $13 million. The shutdown impacts Russian businesses' ability to convert rubles internationally and challenges the country's shadow finance system.

Indonesia aims to halt diesel imports by July 1, 2026, as it prepares to launch its B50 biofuel policy, blending 50% biodiesel with conventional diesel, according to Agriculture Minister Andi Amran Sulaiman.

President Trump deemed it "highly unlikely" that the ceasefire with Iran will be extended and indicated that the Strait of Hormuz will remain closed until a deal is finalized, with the current agreement expiring soon.

Cerebras Systems is reviving its Nasdaq IPO plans after passing a national security review. The AI chipmaker has diversified its revenue and reported significant growth while securing major partnerships, positioning itself as a competitor to Nvidia.

The U.S. Central Command has directed 27 vessels to return to Iranian ports amid ongoing military operations aimed at controlling maritime traffic in the region.

Solana's Chief Product Officer bought $10,000 in XRP to showcase wXRP's utility, driving $1 million in liquidity within 24 hours. This highlights growing interoperability in DeFi and signals a shift in liquidity flows as ecosystems merge.

KAIO, a tokenization firm regulated in Abu Dhabi, secured $8 million in funding led by Tether, bringing total funding to $19 million. The company offers blockchain infrastructure for asset management and aims to expand into new products, managing about $100 million in assets.

Gate News message, April 20 — Elon Musk has been summoned by French prosecutors to appear in Paris today for questioning regarding alleged misconduct on his social media platform X, including the spread of child sexual abuse material (CSAM) and deepfake content. Both Musk and former X CEO Linda

Gate News message, April 20 — OpenAI is set to release a new image model in the coming weeks with significantly improved capabilities for generating complex images and charts, according to reports.

AINFT has integrated with Trust Wallet, allowing users to easily connect to AI models across TRON and EVM networks. This enhances Web3 identity interactions and offers new users a welcome bonus of 10,000 AINFT points.

Tether and CEO Giancarlo Devasini own 1.95 million shares (8.2%) in Bitcoin mining finance company Antalpha, which raised $49.3 million in its IPO. Antalpha offers Bitcoin-collateralized lending and has a $1.6 billion loan portfolio.