A South Korean cryptocurrency exchange announced that it will postpone its IPO until after 2028 due to the need to improve internal controls and accounting policies, and it is still in the preparation stage. Although it is expected to generate $43 billion in revenue in 2025, internal and regulatory issues have impacted the IPO process.

Gate News update: On April 1, the Arizona Digital Asset Reserve Bill is approaching the final voting stage. The bill would allow the state to hold the seized BTC and XRP instead of auctioning them off.

The current Crypto Fear and Greed Index shows an “Extreme Fear” state, and investors’ sentiment is cautious. Despite a weak market, on-chain data indicates potential bottoming signs, with whales holding the upper hand and retail investors pulling back. Bitcoin may be facing a buying opportunity as the market gradually builds momentum, setting the stage for future gains.

Google’s quantum computing research results have prompted the cryptocurrency market to reassess technical risk, but Bitcoin and Ethereum prices have shown limited volatility. Anti-quantum cryptographic tokens have performed strongly, with some gains reaching 50%. Although the quantum threat remains in the theoretical stage, investors’ attention to post-quantum cryptography projects may drive volatility in related asset prices.

The U.S. Senate is accelerating the推进《Digital Asset Market Clarity Act》, and it is expected to enter the review stage in April 2026. The bill has adjusted stablecoin yield, and the DeFi sector will receive clearer protection. Regulatory responsibilities are clearly divided, with the CFTC and SEC each overseeing the regulation of digital commodities and investment contracts. The bill’s progress is tied to crypto market regulation and the direction of global policy.

Swift announced that its blockchain shared ledger project has made significant progress. It is developing its first minimum viable product (MVP) to enable interoperability for tokenized deposits at banks, support 24/7 cross-border payments, and improve payment speed and transparency.

Gate News reports that on March 29, the Canadian government introduced the "Strengthening Democracy Act" (Bill C-25) on March 26, which aims to prohibit political donations to parties and candidates in the form of cryptocurrencies, money orders, and prepaid cards. The government stated that such assets have pseudo-anonymity, making it difficult to verify the identity of donors, which poses risks to electoral integrity. The bill is currently in the first reading stage in the House of Commons. Previously, the UK also announced a suspension of accepting political donations in cryptocurrency.

U.S. Senator Cynthia Lummis stated that the latest revision of the CLARITY Act will provide important protections for DeFi and developers, urging for the bill to be passed as soon as possible. Although adjustments were made to the terms to avoid misclassifying non-custodial developers as financial institutions, there are still disagreements within the industry regarding stablecoin yields and developer protections. The bill is expected to enter the review stage in April.

The Pi Network ecosystem has entered a critical stage of advancement, with over 119,000 users completing the second migration, marking progress in the mainnet expansion. Despite increased user activity, the number of PI on trading platforms has risen, and holders tend to circulate in the market, causing price pressure. The current price is about $0.18, down 94% from its peak. Future trends will depend on application implementation and real demand.

Bitcoin recently dropped below $70,000, with technical indicators showing that the bear market is nearing an end. On-chain data indicates that 40% of Bitcoin is in loss, and the fear and greed index has fallen to extreme fear levels. The key support level is at $64,000, and resistance is at $72,000. It is expected that more time or new capital inflows will be needed to alleviate the current losses.