The Bank of Korea has proposed introducing a “circuit breaker mechanism” into the crypto asset market to address market volatility and risk, and believes that existing regulatory measures are insufficient to deal with potential issues in the crypto market. The context for this proposal is a recent system malfunction incident at a certain exchange.

Gate News message, major cryptocurrencies advanced this week following a two-week cease-fire deal. According to the 7-day performance data, SIREN topped the list of top 10 gainers with a 398.6% increase. ZEC rose 61.2%, while Dash climbed 51.6%. MON gained 31.1%, and morpho increased 22.3%. Arbitrum

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

Anthropic and CoreWeave have reached a multi-year agreement to rent its data center capacity to support growing demand for AI services. The deal will help Anthropic build its Claude AI models and includes multiple Nvidia chip architectures. The partnership will also require working with Broadcom and Google to secure 3.5 gigawatts of power.

Decentralized GPU cloud computing platform Aethir confirmed that its Ethereum bridge contract was attacked, with losses kept within $90k. The team promptly disconnected the contract and worked with exchanges to deal with the hacker wallets. The attacker used a cross-chain smart contract to move funds. Aethir plans to announce a compensation plan next week, and revenue is expected to reach $127.8 million in 2025.

CoreWeave and Meta have reached a new agreement to provide AI cloud capacity through 2032, with a transaction value of approximately $21 billion. This agreement is built on the prior $14 billion partnership, and the added capacity will include the first deployments of NVIDIA Vera Rubin platform.

The Federal Reserve faces a complex situation with low-interest-rate policy. Even though a ceasefire between the U.S. and Iran provides an opportunity for the global economy, energy price volatility could still keep inflation elevated. War is not the main obstacle to rate cuts; instead, it may intensify policy caution, hindering progress toward easing.

Changpeng Zhao, recalling the 2017 policy turmoil, said that after it, venture capital took a cautious approach, and Sequoia paused its collaboration. He felt disappointed, but he still achieved user growth after the policy shock. In the end, due to a valuation disagreement, Sequoia was unable to invest. CZ believes that venture capital only supports projects in good times.

A CEX founder revealed in his autobiography that in 2022 he attempted to acquire another CEX, but the tens of billions of dollars in funding demands made by the other party did not actually move the deal forward—the letter of intent was only for evaluating data. The platform’s collapse ultimately hinged on a buyback proposal from the former CEO of an affiliated company, which triggered market short-selling and caused massive capital outflows. Another industry communication group was also scrutinized by regulators, but no manipulation was found.

SOL Strategies announced on April 7 that it will acquire Solana zero-knowledge technology company Darklake Labs for $1.2 million. The deal includes $200k in cash and $1 million in stock. Darklake Labs developed the zero-knowledge proof system Zyga for Solana, aiming to improve transaction privacy and prevent front-running trading and sandwich attacks. After the acquisition, its founders and core team will join SOL Strategies.