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Polymarket’s fees over the past week reached $9.8 million, a record high
Gate News update, April 13, @defioasis data shows that Polymarket’s weekly platform fees reached $9.8 million in the past week, setting a historical high, with annualized fees exceeding $500 million. In the same period, on-chain prediction market fees first surpassed $10 million for the week, with Polymarket accounting for 96.9% of the market share.
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U.S. premarket stocks for crypto-related names broadly fell, with MARA down 3.62%
April 13—Ahead of the U.S. market open, crypto-related stocks generally fell in pre-market trading. MARA, COIN, SBET, and ABTC fell by 3.62%, 2.63%, 2.45%, and 1.49%, respectively. msx.com is a decentralized RWA trading platform that has launched various U.S. stock and ETF tokens.
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A woman in Hong Kong in her 50s was scammed through online romance, losing more than 2 million yuan; the scammer claimed to be a cryptocurrency investment expert.
Hong Kong police have disclosed a cryptocurrency investment scam in which a woman was tricked on Instagram, losing more than 2 million yuan. The fraudster posed as an investment expert, luring her into making transfers and exchanging cash multiple times. Police remind people to be more vigilant when making online friends and to watch out for transfer scams.
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CoinShares: Net inflows of $1.1 billion into digital asset investment products last week, the highest single-week level this year
According to CoinShares’ research report, digital asset investment products recorded a net inflow of $1.1 billion last week, the highest in the year to date. Bitcoin saw inflows of $871 million, Ethereum inflows of $196.5 million, and XRP inflows of $19.3 million, with the U.S. driving the dominant inflows. Overall market risk appetite rebounded, reflecting investor demand.
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Trader 0x5ACE Deposits 2,540 ETH to CEX After 3-Month Hold, Realizes $2.4M Loss
Gate News message, trader 0x5ACE deposited 2,540 ETH, valued at $5.56 million, to a centralized exchange after holding the position for 3 months. The transaction resulted in a loss of $2.4 million for the trader.
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Zcash core development team ZODL releases strategic roadmap, focusing on post-quantum security and user base expansion
Zcash’s core development team, ZODL, has released the latest strategic roadmap, focusing on post-quantum security, scalability, and user experience, and moving into the Zcash IV phase. The new version is now live, improving user experience and advancing key development. Meanwhile, ZODL is actively involved in industry cooperation, but due to regulatory issues it has temporarily taken down the Russian app store.
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TradFi Fall Alert: RIOT (Riot Platforms) Falls Over 4%
Gate News: According to the latest Gate TradFi data, RIOT (Riot Platforms) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
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Trader "Cute Woman" 2x shorting RAVE is currently down by about $1.97 million
Gate News message. On April 13, according to data from a certain CEX platform, the trader "Cute Woman" currently holds a short position in the RAVEUSDT perpetual contract, with leverage of about 2.01x. The position size is approximately 392k RAVE, the opening average price is about $3.98, the current mark price is about $9.03, the unrealized loss is about $1.97 million, and the return rate is approximately -253%.
RAVE259,66%
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Data: In the past 7 days, a certain CEX’s net outflow of reserve assets exceeded $228 million, and the Gate BTC wallet balance fell by 3.88%
Based on the data, over the past 7 days, Gate exchange’s BTC wallet balance fell by 3.88%, becoming the exchange with the largest decline. At the same time, only 3 exchanges recorded net inflows; among them, one CEX saw inflows of up to $346 million, while Gate recorded net outflows of $154 million.
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Circle signs an MOU with Dunamu, the parent company of a certain Korean CEX, to collaborate in areas such as stablecoins
Circle signed a memorandum of understanding with Dunamu, the South Korean CEX operator, to cooperate in advancing the stablecoin and digital asset sectors, jointly improving market participants’ information access capabilities, and promoting trust in and the healthy development of South Korea’s digital asset ecosystem.
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Trump Threatens 50% Tariffs on China; China’s Foreign Ministry Responds to Allegations of Military Goods Exports
U.S. President Trump threatened to impose a 50% tariff on China due to reports that China would ship air-defense systems to Iran. China’s Ministry of Foreign Affairs responded, emphasizing its responsible stance on arms exports and opposing false allegations.
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Gate founder Dr. Han: Reshaping the platform’s capability boundaries with an AI ecosystem and multi-asset strategy
Gate founder Dr. Han introduced the platform’s development in the anniversary public letter, including deepening the AI ecosystem and a multi-asset trading framework. Gate is building an AI product ecosystem and has launched a TradFi trading section, covering multiple asset types to meet users’ needs. In addition, it has rolled out a digital Pre-IPOs participation mechanism, giving users a new way to access high-quality public offering projects. Going forward, Gate will continue to strengthen its infrastructure and enhance users’ global digital asset trading experience.
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ABigHeart:
Gate Founder Dr. Han introduced the platform's development in the anniversary public letter, including deepening the AI ecosystem and multi-asset trading system. Gate is building an AI product system and launching a TradFi trading zone, covering multiple asset classes to meet user needs. In addition, a digital Pre-IPO participation mechanism has been introduced to provide users with a new way to access high-quality public issuance projects. In the future, Gate will continue to strengthen infrastructure and enhance users' global digital asset trading experience.
TradFi Rise Alert: JD (JD.com) Rises Over 2%
Gate News: According to the latest Gate TradFi data, JD (JD.com) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
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A whale appears to be liquidating its ETH holdings, holding positions for about 2 months and is expected to earn $1.65M in profit
Gate News message. April 13, according to on-chain analyst Ai Yi ( @ai_9684xtpa ) monitoring, a whale address withdrew 7,100 ETH (worth about $13.87 million) from a certain CEX on February 20 at an average price of $1,954, and two hours ago transferred 7,050 ETH into the CEX. If it is sold, it would make a profit of $1.65M.
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BIT posts an analysis of Bitcoin ETF fund flows, with net inflows resuming in March
Gate News update, on April 13, BIT posted on X, saying that Bitcoin ETF fund flows have just turned positive again, and that it may achieve a continuous second month of net inflows. BIT noted that the current trend is highly similar to the same period in 2025, when early-year fund inflows were lackluster but were later followed by a concentrated surge of nearly $30 billion, driving a rebound after the tariff policy was implemented in April, and continuing through October. BIT said that net inflows resumed in March, which was the first time it turned positive since the pullback that began last October.
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Solana ecosystem meme coin neet market cap reaches $40 million, up 40% in 24 hours
Gate News message. On April 13, Solana ecosystem meme coin neet surged sharply today. Its market cap reached $40 million, and it is currently quoted at $0.039, with a 24-hour gain of 40%. Previously, after this token’s market cap fell below $7 million on February 12, it began to rebound, and in recent days it has continued to creep higher. Note that meme coins usually have no real use cases, and prices can swing significantly, so investors should carefully assess risks.
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RAVE breaks through $7.5, with an intraday gain of over 172%
Gate News message: April 13. RAVE breaks through $7.5, currently at $7.46, up more than 172% intraday.
RAVE259,66%
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GIGGLE briefly breaks through $41, with an intraday gain of over 40%
Gate News message, April 13, market data shows that GIGGLE briefly rose and broke above the $41 threshold; it is currently trading at $40, with an intraday gain of over 40%.
GIGGLE33,28%
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Iran’s military says it will implement a permanent mechanism to control the Strait of Hormuz
Gate News message: On April 13, the spokesperson for the Khatam al-Anbia Central Headquarters of Iran’s armed forces said that in the face of U.S. threats, Iran will decisively implement a “permanent mechanism to control the Strait of Hormuz.” The Strait of Hormuz is a narrow waterway connecting the Persian Gulf and the Gulf of Oman, and it is a major global oil shipping route.
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VC professionals: There may be fewer than 20 institutions in the industry that are truly still investing in the seed round.
Varys Capital venture investment chief Tom Dunleavy noted that in the past six months, the crypto VC funding environment has changed significantly: well-funded projects are proactively coming to them, while most VC capital has run out or shifted to late-stage investments, extending the fundraising cycle to 2–3 months. Only a few institutions are still making early-stage investments, and in the future they may see investment opportunities on a historic scale.
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