Gate.ioNewsBot

According to the Gate.io News bot, data from Nansen shows that two wallet addresses suspected to be from the same entity are 0xef9fc75f3eac4baf72e0de24c8677187523e85c6 and 0xdf72beb504df8612e7594a4878e23461c5fde34e, which paid 14.54 million USD through DAI and USDT to purchase 7293.44 ETH at a price of 1993.8 USD each.

According to a Gate.io News bot message and reports by Wu, the Ethereum Foundation recently released data on its funding plan for the first quarter of 2025. The data shows that the foundation has invested approximately $32.647 million in this quarter to support the development of projects in various technical fields.
The funding scope covers multiple technical directions including community and education, consensus layer, zero-knowledge proof, developer tools, execution layer, etc., dedicated to promoting the construction of the Ethereum ecosystem.

According to Gate.io News bot and CoinDesk, BitMEX co-founder Arthur Hayes pointed out that the Treasury, rather than The Federal Reserve (FED), is the core institution that dominates global Liquidity and the future of Bitcoin. Hayes disclosed his current portfolio allocation: approximately 60% in Bitcoin, 20% in Ether, and the remaining funds invested in other Crypto Assets.
Hayes also mentioned that behind the US-China trade agreement, economic restructuring is gradually advancing through specific measures such as capital controls and foreign investment taxes. He predicted the price of Bitcoin would reach $1 million by 2028.

Gate.io News bot message, Ethereum core developer Tim Beiko released a new proposal aimed at restructuring the AllCoreDevs governance process. The proposal focuses on optimizing the selection mechanism for flagship features in network upgrades, specifically including clarifying fork priorities, limiting one flagship feature per layer, establishing a dual-phase community feedback mechanism for both early and testnet, and formally establishing a long-term upgrade working group. These measures aim to enhance decision-making transparency and governance legitimacy.
Source: Wu Says

Gate.io News bot message, a Large Investors purchased 2.37 million FARTCOIN Token at a price of $1.06 each, using 2.53 million USDC through Wallet Address GvE26ubtsdP7vhxGaev6yXcSE8ghyLL1KkbmdFQBdESB.

According to Gate.io News bot, as reported by Wu, the Loudi Intermediate Court recently announced a typical case of telecom network fraud. In this case, Liu and his gang established a fraud studio in Changsha, disguising themselves as Asian beauties to induce victims to invest in virtual money on the fake trading platform "Hconex".
The gang controlled the data through the backend, causing the victims' investments to incur total losses, with the amount involved exceeding one million yuan. The Loudi Intermediate People's Court ultimately convicted Liu and others of fraud, sentencing them to fixed-term imprisonment ranging from 7 years and 6 months to 11 years and 6 months and imposing fines, while also recovering all illegal gains.

According to Gate.io News bot, as reported by Wu, Arkham monitoring data shows that the address ranked eighth in the TRUMP dinner list transferred a total of 408,000 TRUMP Tokens to the Meteora platform through two transactions four days ago, with a transaction value of approximately 4.68 million dollars.
The current TRUMP holding balance for this address is 0.079 coin. Since the TRUMP dinner leaderboard uses a time-weighted calculation method, this address still maintains the eighth position ranking.

According to Gate.io News bot, as reported by Wu, the Solana ecosystem lending protocol Loopscale announced that it will resume withdrawal functions at 10:00 AM Eastern Time on May 9 (10:00 PM Beijing Time on May 9).
The protocol has completed the audit work for the update patch. In the early recovery phase, the protocol imposes a 24-hour withdrawal limit for users: the daily withdrawal limit for SOL deposit users is 2500 SOL, for USDC and USDG users it is 500000 USDC/USDG, and for jitoSOL users it is 500 jitoSOL.
Previously, Loopscale suffered a hacking attack, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen. After negotiations with the hacker, all stolen funds have been recovered.

According to Gate.io News bot, the latest market data from Gate.io shows that ALPACA has risen by 119.59% in the last 24 hours, currently priced at 0.585 USDT.

According to the Gate.io News bot, the latest market data from Gate.io shows that ALPACA has risen by 100.13% in the last 24 hours, currently priced at 0.53259 USDT.

According to the Gate.io News bot, the latest market data from Gate.io shows that ALPACA has risen 96.84% in the last 24 hours, currently priced at 0.522 USDT.

According to the Gate.io News bot and Cointelegraph, the Texas House's "Government Efficiency Delivery Committee" has passed the "Bitcoin Reserve Bill" (SB 21). The bill was passed by the Senate on March 6 and is now submitted to the full House for a final vote.
The bill proposes the establishment of a "Texas Strategic Bitcoin Reserve" to be managed by the Comptroller. The reserve's investment targets are limited to digital assets with a market value exceeding $500 billion, and currently, only Bitcoin meets this condition.
After the bill passes the vote of the entire chamber, it will be sent to Governor Greg Abbott for signing. Given that the state legislature will adjourn on June 2, the final result will be determined in a few weeks.

Gate.io News bot message, according to SoSoValue data, on May 7th (Eastern Time), the Ethereum Spot ETF market showed a comprehensive net outflow trend, with a total outflow of 2,177.39 million US dollars.
Among them, the ETHA fund under Blackrock experienced the largest single-day net outflow, amounting to $21.7739 million. It is worth noting that the cumulative historical net inflow for ETHA still remains at $4.180 billion.
According to the data, as of the time of writing, the total net asset value of the Ethereum Spot ETF is $6.197 billion, and the ETF net asset ratio (relative to the total market value of Ethereum) is 2.85%, with a historical cumulative net inflow maintained at $2.468 billion.

Gate.io News bot message, according to SoSoValue data statistics, on May 7th (Eastern Time), the Bitcoin Spot ETF market continued to see a trend of capital inflow, with a total net inflow of 142 million USD on that day, and all twelve ETF products achieved positive capital inflow.
The ARKB launched jointly by Ark Invest and 21Shares performed the best, with a net inflow of $54.7263 million in a single day, bringing the total net inflow to $2.681 billion. Fidelity's FBTC followed closely, attracting a net inflow of $39.9190 million that day, with a historical total net inflow of $11.637 billion.
As of the time of publication, the total net asset value of Bitcoin Spot ETF has reached 112.71 billion USD, accounting for 5.86% of the total market value of Bitcoin, with a historical cumulative net inflow of 40.72 billion USD.

Gate news bot reports that according to gate market data, the ETH_USDT price has surpassed 1900 USDT, currently at 1905.88 USDT. The 24-hour rise is 4.14%.

According to the Gate.io News bot, the BTC_USDT price has surpassed 99000 USDT, currently priced at 99137.3 USDT. The 24-hour increase is 2.69%.

According to the Gate.io News bot, it is reported by Wu that Linea has officially announced a new cross-chain fee policy. Under this policy, users transferring assets from Ethereum (L1) to Linea (L2) will be exempt from Gas fees.
This policy has specific restrictions: it only applies to cross-chain transactions from L1 to L2, the gas consumption for the transaction must be less than 250,000, and it does not include cross-chain operations involving USDC. At the same time, users still need to bear the gas fees at the L1 level.

Gate news bot message, according to SoSoValue data, multiple zones in the crypto market are showing a pump trend. Bitcoin(BTC) has risen for two consecutive days, with a 24-hour rise of 0.85%, reaching a maximum of over 98,000 USD. Ethereum(ETH) has shown slight fluctuation, with a 24-hour fall of 0.31%, maintaining a price around 1,800 USD.
The Layer2 zone rose by 1.49%, with Celestia(TIA) rising by 3.76% and Stacks(STX) rising by 8.12%. The GameFi zone rose by 1.15%, with Decentraland(MANA) rising by 3.15% and Beam(BEAM) rising by 5.53%. The encryption zone index shows that the ssiGameFi and ssiLayer2 indices rose by 1.61% and 1.46% respectively in 24 hours.
The Meme zone rose by 0.84%, with Popcat(POPCAT) and Mog Coin(MOG) rising by 11.75% and 36.60% respectively. The Layer1 zone increased by 0.34%, and the DeFi zone rose by 0.19%, with Maker(MKR) increasing by 4.34%. Although the PayFi zone slightly fell by 0.07%, Bitcoin Cash(BCH) and Safe(SAFE) rose against the trend by 6.51% and 25.10%. The AI zone fell by 1.21%, but KAITO has risen for two consecutive days, with a maximum intraday increase of 26.28%.

According to Gate.io News bot, data monitored by @ai_9684xtpa shows that Abraxas Capital withdrew 21,999 ETH from Kraken exchange during the rise in ETH price. The price of ETH at the time of withdrawal was $1,814, with a total value of $39.92 million. The data shows that this batch of ETH was subsequently deposited into the Aave and Compound decentralized finance platforms, and has currently earned $658,000 in profit.
Source: Wu Shuo

Gate.io News bot message, according to Etherscan data, OX FUN: Treasury minted 5.593 billion OX Tokens 3 days ago, worth approximately $11.2 million. This minting increased the total supply of OX Tokens by 131% from its original level, reaching 9.857 billion.
The data shows that this batch of newly minted Tokens is currently still stored in OX FUN: Treasury and has not been released into the market for circulation. The price of OX remains at its original level.
The OX FUN project was founded by Su Zhu, a former founder of Three Arrows Capital (3AC). As for this token minting event, the OX FUN official has not released any statement yet. Source: @oliversgriff.