On April 4, Gate News reported that in the past 24 hours, the total liquidation amount in the cryptocurrency market was $43.1506 million, with long and short liquidations of $21.6725 million and $21.4780 million, respectively. The liquidation amounts for BTC and ETH were $3.6134 million and $3.4269 million. A total of 63,319 people were liquidated, and the largest single liquidation was $485.4k.

According to CoinGlass data, on April 3 the total crypto market liquidation amount within 24 hours reached $136 million, affecting 91,285 people. Of this, BTC and ETH liquidations were $33.7147 million and $23.7248 million respectively, and the largest single liquidation was $8.9259 million.

The People Power Party of South Korea has introduced a new bill, calling for the repeal of the cryptocurrency trading tax that is set to take effect in 2027, aiming to win support from younger voters and affect the value of votes. Analysts believe it may simply be a political strategy, and the actual impact is unclear; in the future, the bill could be postponed or amended again.

The latest research shows that Japan’s Gen Z has stronger risk-awareness in the cryptocurrency space, especially staying alert to scams on social media. Overall data indicates the main concerns include understanding how cryptocurrencies work, price volatility, and scam risk. Older groups focus more on technical complexity, while Millennials are the most active investors. About 50% of respondents have not been exposed to cryptocurrencies, and their information mainly comes from traditional news and social media, with YouTube having the greatest impact on decision-making. In the future, targeted education will be needed to increase user engagement.

In the past 24 hours, the total liquidation value in the cryptocurrency market reached $459 million, of which long positions accounted for 59%. The liquidation amounts for BTC and ETH were $98.02 million and $102 million, respectively. A total of 185,796 people were liquidated, and the largest single liquidation was $17.28 million.

Ledger CTO Charles Guillemet noted that Drift Protocol’s exploitation method is similar to a 2025 CEX hack incident, and that the security issues mainly stem from people and operations rather than code defects. The attacker infiltrated a multisig device to trick the signer into approving a malicious transaction.

The Yinchuan City Xingqing District People's Court concluded a virtual currency investment dispute case. The plaintiff, Mr. Wei, entrusted the defendant to invest, and later, after requesting repayment due to an urgent need for funds and failing to obtain it, brought a lawsuit for "unjust enrichment." The court held that the matter should be governed by a mandate contract relationship, and ultimately, through mediation, the plaintiff withdrew the lawsuit and Li returned the invested principal, and both parties reached a settlement.

According to CoinGlass data, on April 1 the cryptocurrency market saw total liquidations of $299 million over the past 24 hours, affecting 112,410 people. Long and short positions were liquidated at $104 million and $195 million, respectively. BTC and ETH liquidation amounts were $91.6349 million and $68.5673 million, respectively. The largest single liquidation was $17.1773 million.

Gate News update. On April 1, according to people familiar with the matter, Usman Ahmad, CEO of Zodia Markets, the cryptocurrency trading company under Standard Chartered, has left the company. The Zodia Markets website shows that Nick Philpott, who previously served as the company’s head of partnerships, has been appointed interim CEO. As of now, both Zodia Markets and Standard Chartered’s spokespeople have declined to comment on the matter.

Amid rumors of a partnership between American Express and XRP ultimately falling through, it was actually announced that it would become the NFL’s official payments partner, without mentioning Ripple. The prior hype misled people, leading to a negative market reaction, and the XRP price dropped by about 29%. Analysts warn investors to stay alert to false information and social-media hype.