Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

April 20 — Two Pakistani officials told the Associated Press on Monday that Iran has offered to send a delegation to Islamabad later this week for the second round of talks. Pakistan will not release itinerary details for either side due to security concerns.

April 20th, Matthew Sigel—VanEck’s Director of Digital Asset Research—posted on social media that GUC is leading the pack as Bitcoin miners ramp up expansion into AI infrastructure. GUC, the world’s largest fabless Bitcoin ASIC design partner, has successfully transformed into the top design partner for AI-focused CPUs. Its clients include Google, Microsoft, and Elon Musk’s upcoming xAI. Buoyed by growing adoption of AI intelligent agents, market expectations for the CPU ecosystem keep climbing. Morgan Stanley projects Google’s CPU shipments will hit 1.5 million units in 2026—double HSBC Equities’ 700,000-unit forecast from three months ago. The jump is driven mainly by the market’s accelerated shift away from traditional x86 architecture. This momentum sent GUC surging 10% overnight, with its stock price hitting an all-time high.

April 20 — Official sources confirm Binance Wallet will partner with PancakeSwap to launch an exclusive Token Generation Event (TGE) for OPENFRADIENT (OPG) on April 21, 2026. The TGE runs from 9:00 a.m. to 11:00 a.m. UTC. Eligible users must participate using Binance Alpha Points. Trading for OPG will start at 11:00 a.m. UTC immediately after the event wraps up.

April 20th — Cryptocurrency market analyst Axel said in a social media post that on April 17th, roughly $526 million worth of short positions were liquidated in the BTC futures market in a single day. Open interest (OI) didn’t climb in leverage after hitting a peak of 319,499 BTC; instead, it dropped back to 293,045 BTC. The liquidation dominance indicator has flipped positive after two weeks in negative territory, signaling the end of the systemic short squeeze phase. Right now, BTC is holding steady in the $75k-$76k range as OI shrinks — forming a constructive setup of “cooling off post-short squeeze” rather than a new round of overheating. The key thing to watch next: whether OI rebounds above 300,000 BTC when price tries to break out.

Coinbase will launch BASED1 perpetual futures trading on April 20. The BASED1-PERP market will be available in regions where liquidity conditions are met and trading is supported.

April 20th — Per HTX market data, Bitcoin (BTC) is currently trading at $75,112.87, down 0.98% over the past 24 hours. Ethereum (ETH) sits at $2,306.41, with a 1.05% 24-hour drop. Coinglass figures show mainstream centralized exchange (CEX) funding rates signal continued bearishness for both BTC and ETH, while market sentiment remains subdued. Specifically, BTC funding rates on most major platforms (including Binance) are negative, meaning short traders are paying fees to long traders — all platforms’ BTC rates fall within bearish territory. For ETH, Binance and similar exchanges see rates ranging from -0.046% to +0.006%, with deeper negative values; minor positive readings on some platforms do not exceed the 0.005% threshold. **BlockBeats Note:** Funding rates are set by crypto exchanges to align perpetual contract prices with spot asset values. They facilitate fund exchanges between long and short traders (exchanges do not collect these fees) and adjust traders’ holding cost