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Gate.io Launches INIT Perpetual Contract Pre-trading

2025.04.16 13:18:01

On April 16th, according to official information, Gate.io has now initiated pre-market trading of INIT perpetual contracts (settled in USDT), with support for leverage ranging from 1 to 10 times.
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Bithumb to List ZAMA-KRW Trading Pair

**April 14 – Per an official announcement, Bithumb has added the ZAMA/KRW trading pair. Trading will commence at 4:30 PM local time on Tuesday, April 14.**

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Aptos releases Tokenomics Update, Staking Reward Rate Decreased to 2.6% and Gas Fee Increased

April 14: Aptos Unveils Tokenomics Update with Key Changes - Staking reward APY cut from 5.19% to 2.6% - Gas fees increased 10x; stablecoin transfer costs stay low (~$0.00014) - On-chain transaction volume and gas fee burns set to surge post-Decibel DEX launch, with estimated annual burn topping 32 million APT - Protocol layer total supply capped at 21 billion APT - Aptos Foundation to permanently lock and stake 2.1 billion APT - Future incentives shifting to milestone-based triggers - Exploring a programmatic buyback plan

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Upbit to List CC KRW, BTC, and USDT Trading Pairs

Per an official announcement on April 14, cryptocurrency exchange Upbit will list CC trading pairs against the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). Trading for these pairs is scheduled to launch at 16:00 KST (Korean Standard Time) on April 14. Deposits and withdrawals will become available approximately 1 hour and 30 minutes after the announcement is released, with support limited exclusively to the CC-Canton network.

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Meme Coin 'Snowball' Market Cap Briefly Hits $20 Million, 24-Hour Gain Approaches 2x

On April 14, per GMGN monitoring (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0x36f2fd027f5f27c59b8c6d64df64bcc8e8c97777), the meme coin "Snowball" spiked sharply on the BNB Chain (BSC) overnight and into this morning. Earlier today, its market capitalization briefly topped $21 million—nearly doubling from its level yesterday afternoon. It has since dropped to $14.2 million, but still holds an 85% 24-hour gain, with approximately $1.7 million in 24-hour trading volume. BlockBeats warns users that meme coin trading is extremely volatile, driven primarily by market sentiment and speculative hype with no tangible value or real-world use case. Investors should be mindful of the associated risks.

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Second Successful Top Sniping, 'Whale Shorting Oil at Highs' Yesterday Placed 8 Million Short Position and Has Since Realized Profits

April 14th — Per HyperInsight monitoring (via Telegram: https://t.me/HyperInsight), the "Short Oil at High Price" whale address (0x4Cd80aa0CE4881Eb8679EdA1f6fbe3d89AEc0F7F) opened $4.8 million in short positions on WTI and Brent crude at 7:00 AM yesterday (April 13th). Entry prices were $99.935 for WTIOIL and $99.03 for BRENTOIL, marking another successful call on a recent price peak. Benefiting from today’s sharp oil price correction, the address locked in profits for the second time — netting ~$300,000 in gains for a 26.6% return. Within 1 hour, the whale rolled over its short positions on both oils, boosting total position size to $7.98 million. As of press time, it continues to add to positions. Current holdings: - WTIOIL: 7x leverage, $3.87M position; average entry reduced to $97.9; $248,000 unrealized profit; liquidation price $112.8 - BRENTOIL: 7x leverage, $4.1M position; average entry reduced to $94.8; $80,000 unrealized profit; liquidation price $116.3 Notably,

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glassnode: Bitcoin Spot and Derivatives Market in Sync, Strong Bullish Sentiment in the Market

Glassnode released its weekly market outlook on April 14th, noting Bitcoin’s price momentum surged 51.7% to top its prior high—reflecting a sharp jump in spot buying pressure and signaling stronger buying support in the market. Meanwhile, Bitcoin futures open interest kept climbing, option Delta skew eased its bearish tilt, and on-chain activity cooled. This suggests the current phase is a consolidation period amid improved market sentiment. From a profitability standpoint, market pressure has eased. Collectively, the indicators point to strong bullish sentiment, higher investor participation, and boosted risk appetite—though signs of cautiousness and a move toward market stability also persist.

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