Gate News update: On April 8, Drift Protocol posted an update on the incident response process for the hack. Drift said that it is currently actively working with asymmetric research and OtterSec to develop a coordinated and aligned recovery plan. At this stage, the primary focus is to stabilize the situation and provide protocol-level assurances for all affected users and partners. In addition, Drift will participate in a security mechanism under the Solana Foundation.

From 23:30 to 23:45 on April 7, 2026 (UTC), ETH’s return in the span of 15 minutes recorded -0.97%. The price range was 2241.48–2273.25 USDT, and the amplitude reached 1.40%. During this period, the market saw significant volatility; trading activity declined and risk appetite shifted toward defense, drawing widespread attention from the market. The primary drivers behind this unusual move were large capital transitioning into and then concentrating inflows into exchanges, as well as the synchronous increase in short positions in the derivatives market, which amplified spot sell pressure. On-chain data shows that, during this stage, the total large-amount inflows of ETH into exchanges exceeded 120,000 coins, accompanied by…

Gate News: On April 7, Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), said at the Vanderbilt University Digital Assets Summit that the SEC’s proposed crypto “safe harbor” framework has been submitted to the Information and Regulatory Affairs Office (OIRA) for review under the Office of Management and Budget, and that only one final step remains before it is formally released. The proposal includes a “start-up exemption” provision, allowing crypto projects to raise a certain amount of funding within a four-year period, while requiring specific disclosures to protect investors. Atkins also revealed that the SEC is moving forward with an “innovation exemption” mechanism, which would create a regulatory sandbox for on-chain assets, but the initiative has sparked controversy between crypto advocates and traditional financial institutions. Atkins emphasized that related legislation still needs to be advanced to ensure the regulatory framework has staying power across administrations.

Robinhood’s private-market fund Robinhood Ventures I, introduced by Robinhood, has rebounded by about 30% after an early dip. The fund aims to give retail investors opportunities to invest in late-stage shares of private, not-yet-listed companies. Analysts have warned that a potential IPO could cause short-term volatility, but the负责人 said there are still long-term investment opportunities.

Osmosis DEX updated a Cosmos Hub proposal, deciding not to mint additional ATOM anymore, but instead to gradually acquire the required ATOM through market purchases for OSMO/ATOM conversions. The capped amount is less than 2.5% of the total ATOM supply. It has now entered the governance discussion stage; if the proposal is approved, it will achieve liquidity and governance integration.

ARK Invest founder Cathie Wood says Bitcoin has entered a mature phase, and that the large drawdowns of the past may be behind us— even a future 50% pullback would be considered progress. She noted that Bitcoin has grown into a mature monetary system and asset class.

The official TRUMP token announcement says that boxer Tyson will attend the Mar-a-Lago holders’ luncheon on April 25 and give a speech. The first 297 holders can attend, and the first 29 can share the stage with Trump and 18 celebrities.

Alabama has officially granted decentralized autonomous organizations (DAOs) legal standing, becoming the second state to recognize DAOs as legal entities. The newly passed DUNA Act provides DAOs with limited liability protection, reducing operational risk, increasing trust, enabling interaction with traditional businesses, and driving innovations in blockchain governance. This move marks a new stage in which decentralized finance gains legal recognition in the real economy.

Solana’s recent price has been trading in a range around $84, and multiple technical indicators suggest a potential rebound. The current head-and-shoulders top structure is similar to early March, but selling pressure in the $85 to $88 range could limit upside. If it breaks above $89.82, it will turn bullish; conversely, if it falls below $78.77, it may test as low as $64. The market is in a stage of choosing direction.

A South Korean cryptocurrency exchange announced that it will postpone its IPO until after 2028 due to the need to improve internal controls and accounting policies, and it is still in the preparation stage. Although it is expected to generate $43 billion in revenue in 2025, internal and regulatory issues have impacted the IPO process.