Gate News message, April 8, the market shows that EDU briefly rose more than 34%, at one point breaking through $0.059, and is now reported at $0.058. Market analysts believe this round of gains may have been influenced by the release of CZ’s new book.

On April 8, the crypto market broadly rebounded, driven by the U.S.-Iran ceasefire. The AI sector rose 6.61%, and Fartcoin jumped 18.88%. Bitcoin broke through $71k, while Ethereum broke through $2,200. Other sectors such as DeFi, Layer2, and more also saw gains. Overall market confidence increased.

Gate News message. On April 8, according to on-chain analyst Yu Jin’s monitoring, a DeFi whale repaid a 4.14 million DAI loan on Spark about 9 hours before an Israel-Iran ceasefire proposal was agreed upon, then retrieved 264.4 WBTC worth of collateral and transferred it to a certain CEX to sell at a price of about $67,990 per WBTC, for a total value of approximately $17.98 million. Six hours later, the Israel-Iran ceasefire proposal was agreed upon; as a result, the BTC price rose 5%, causing the whale to miss out on about $1 million in potential gains.

Gate News message, April 7, on the BSC chain, the Meme coin Freedom of Money saw continued sharp gains starting in the early hours today, briefly breaking through $22 million and continuing to set new highs; it was temporarily reported at $21.2 million. The intraday gain once reached 50%, and the 24-hour trading volume was $5 million. Note that Meme coin trading is subject to massive volatility, relies largely on market sentiment and concept hype, and has no real value or use case; investors need to be cautious about risks.

On April 4, among the top 100 cryptocurrencies by market cap, DeXe had the largest gain, rising 11.11%; the largest drop was Midnight, down 3.72%. Other gainers like VeChain and Bitcoin SV also performed well.

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.

On April 1, among the top 100 cryptocurrencies by market cap, Algorand had the largest gain, up 20.41%; Midnight had the largest decline, down 10.46%. Other tokens with relatively high gains include Sei and Venice Token, while the top five decliners include Canton and Chiliz.

On April 1, ahead of the U.S. stock market open, crypto concept stocks generally rose, with SBET seeing the largest gain reaching 2.02%. Others such as COIN, MSTR, and BMNR also rose as well. msx.com is a decentralized RWA trading platform that has already launched multiple U.S. stock and ETF tokens.

The current Crypto Fear and Greed Index shows an “Extreme Fear” state, and investors’ sentiment is cautious. Despite a weak market, on-chain data indicates potential bottoming signs, with whales holding the upper hand and retail investors pulling back. Bitcoin may be facing a buying opportunity as the market gradually builds momentum, setting the stage for future gains.

Google’s quantum computing research results have prompted the cryptocurrency market to reassess technical risk, but Bitcoin and Ethereum prices have shown limited volatility. Anti-quantum cryptographic tokens have performed strongly, with some gains reaching 50%. Although the quantum threat remains in the theoretical stage, investors’ attention to post-quantum cryptography projects may drive volatility in related asset prices.