Topics of Crypto World

It is reported that Gate's traditional asset category layout is comprehensive, covering the widest range on the entire network.

Gate's Futures Stocks will officially launch live trading of TENCENT (TENCENT 00700.HK), MEITUAN (MEITUAN 03690.HK), XIAOMI (XIAOMI 01810.HK), KUAISHOU (KUAISHOU 01024.HK), XUNCE (XUNCE 03317.HK) and ZHIPU (ZhiPu 02513.HK) perpetual contract (USDT-M) at 06:00 (UTC) on April 13, 2026, supporting long and short positions with leverage from 1x to 20x. Leverage can be selected at the time of order placement.

This journey would not have been possible without the trust of our users, partners, and team. On this occasion, I would like to share a few reflections on where we started, what we have learned, and how we see the road ahead.

On the occasion of Gate's 13th anniversary, Founder and CEO Dr. Han released an open letter titled "Releasing the Power of Transformation Through Cycles", reflecting on the platform's journey from early exploration to global expansion, and outlining his views on industry cycles and future trends.

USDS is a decentralized stablecoin launched by Sky Protocol as an upgraded version of DAI. It maintains its peg to the US dollar through overcollateralization and liquidation mechanisms, while supporting 1:1 conversion with DAI. Compared to DAI, USDS introduces improvements in incentive design, yield integration, and ecosystem scalability, making it a more composable stable asset within DeFi.

Gate Smart Leverage is an automated leveraged trading tool that requires no margin and carries no liquidation risk. It allows users to gain amplified exposure through a system that automatically builds and manages leveraged positions, delivering a trading experience similar to spot trading. Unlike traditional futures trading, it relies on dynamic leverage and automated risk controls to adjust positions, reducing complexity and the likelihood of liquidation. Compared with leveraged ETF tokens, Smart Leverage does not use fixed multiples but instead adapts to market conditions, making it better suited for volatile or complex markets. However, returns are not amplified by a fixed multiplier, and market risk and uncertainty still remain.

Pandu Pandas (PANDU) is a Web3 project that combines AI Companion, NFTs, and token economics to create a personalized digital companionship experience through intelligent interaction and on-chain identity systems. Users can interact with AI characters via text or voice, while the system continuously learns user preferences during these interactions to refine future responses, enabling long-term relationships with memory. Compared to traditional meme coins, Pandu Pandas introduces real functionality and practical use cases, shifting meme narratives from purely culture-driven to product-driven.

While Hong Kong’s crypto ETFs remain small, deeper shifts are underway. Rapid licensing expansion, RWA tokenization, and stablecoin regulation are driving TradFi integration. This piece examines regulatory overhaul, infrastructure buildout, and the path to closing the on-chain/off-chain gap.

According to CoinDesk's latest exchange report, Gate posted impressive results in Mar., as its Derivative trading volume entered the top three among centralized exchanges worldwide for the first time. Meanwhile, its Spot trading volume also ranked third globally, further strengthening its overall standing in the industry.

According to CoinDesk's latest Exchange Review, Gate delivered standout performance in March, becoming the world's third-largest centralized exchange in derivatives for the first time, while also ranking third globally in spot trading volume, marking a further step up in its position among leading global exchanges.

SPX6900 (SPX) is a meme coin driven primarily by community consensus and internet culture. Its value comes from its ability to spread and convey narratives rather than from technology or cash flow. By parodying traditional financial indices, it constructs a “narrative asset” that reflects the evolution of meme coins from entertainment toward cultural expression.

Through the symbolic expression “6900 surpasses 500,” SPX6900 blends internet culture with satire of traditional finance, creating a narrative that is easy to spread. Unlike assets driven by technology or fundamentals, SPX6900’s market performance is largely shaped by community consensus and the intensity of its dissemination. From Dogecoin to SPX6900, the evolution of memecoins shows a shift from purely entertainment-based symbols to “narrative construction tools.” In this process, content distribution, community participation, and market liquidity reinforce one another, allowing narrative to translate into price performance.

Pepe and Dogecoin both originated from internet culture, yet they differ fundamentally in their underlying structure and development paths. Pepe is an ERC-20 token built on Ethereum, relying on existing blockchain infrastructure, while Dogecoin operates on its own independent blockchain and uses a proof-of-work consensus mechanism to secure its network. Comparing them across technical architecture, consensus design, tokenomics, and community culture helps clarify the core differences between meme coins and their roles within the broader crypto ecosystem.

Pepe (PEPE) is a meme coin issued on the Ethereum network following the ERC-20 standard, inspired by the classic internet character Pepe the Frog. Unlike traditional crypto projects, Pepe does not emphasize complex technical functionality. Instead, it gains attention through community-driven spread and cultural consensus. From token mechanics and community dynamics to its use cases, Pepe represents a class of crypto assets driven primarily by narrative and network effects.

In March, BTC and ETH exhibited a “decline-then-stabilization” recovery pattern. Institutional allocation remained BTC-centric with ETH as a supplement. BTC ETFs recorded cumulative inflows of approximately $86.8 billion, while ETH ETFs saw around $12.6 billion. Within Gate Private Wealth’s quantitative funds, USDT strategies delivered an average annualized return of 5.7%. Xinghe Smart Investment (USDT) achieved the highest one-year return at 9.5%, while Interstellar Hedging (USDT) recorded a cumulative return of 18.0% with all 21 cycles profitable, achieving a 100% win rate. Gravity Hedging (USDT) maintained a maximum drawdown of just 0.01%, demonstrating strong stability. By the end of March, tensions around the Strait of Hormuz eased marginally, supporting a stable outlook for risk assets.