China's Financial Law Draft aims to unify financial legislation, granting regulators expansive investigative powers. While it strengthens oversight, it lacks focus on emerging sectors like AI and digital currencies, highlighting the need for balance between regulation and innovation.

Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.

The SEC approved FINRA's proposal to eliminate the Pattern Day Trader rule, removing the $25,000 minimum balance requirement for retail investors and introducing a risk-based intraday margin model to enhance market liquidity.

The SEC has repealed the Pattern Day Trader rule, eliminating the $25,000 minimum balance requirement for day trading accounts, intended to limit frequent trading and investor risk.

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.

Gate News message. On April 13, according to Coinglass data, the total Bitcoin balance across major crypto exchanges is 2,446,317.41 BTC. Over the past week (the last 7 days), major exchanges saw a cumulative net outflow of 5,429.77 BTC. Of these, one CEX had an inflow of 8,268.34 BTC, another CEX had an outflow of 6,437.76 BTC, and a third CEX had an outflow of 1,805.54 BTC.

On April 10, the Bitcoin price broke through $72k again. According to Coinglass data, the funding rates on major trading platforms show that the market’s bearish sentiment is strengthening. Funding rates are used to balance the contract price with the asset price; a rate below 0.005% indicates that the market is broadly bearish.

AI company Anthropic has restricted access to its new AI system, Claude Mythos Preview, after finding thousands of critical software vulnerabilities in testing. Many of these vulnerabilities had gone unnoticed for years, including security issues across multiple operating systems and cryptographic protocols. Industry experts warn that AI-driven cyberattacks will grow significantly, and that the balance between technical innovation and security defenses must be prioritized.

Gate News message: On April 8, the Federal Reserve will release the minutes of the March monetary policy meeting at 2:00 a.m. Beijing time on April 9. Against the backdrop of intensifying conflict in the Middle East and an increasingly complex market environment, this document will reveal how Federal Reserve officials assess supply shocks and inflationary pressures, as well as the framework they use to judge the balance of risks.

ANUBIS Chain’s mainnet officially launched on the evening of April 7. Built on an EVM architecture, it uses a selective privacy and ZK-KYC framework to balance privacy protection and verifiability, and supports applications such as RWA tokenization and enterprise-grade payments.