April 13—Ahead of the U.S. market open, crypto-related stocks generally fell in pre-market trading. MARA, COIN, SBET, and ABTC fell by 3.62%, 2.63%, 2.45%, and 1.49%, respectively. msx.com is a decentralized RWA trading platform that has launched various U.S. stock and ETF tokens.

Gate founder Dr. Han introduced the platform’s development in the anniversary public letter, including deepening the AI ecosystem and a multi-asset trading framework. Gate is building an AI product ecosystem and has launched a TradFi trading section, covering multiple asset types to meet users’ needs. In addition, it has rolled out a digital Pre-IPOs participation mechanism, giving users a new way to access high-quality public offering projects. Going forward, Gate will continue to strengthen its infrastructure and enhance users’ global digital asset trading experience.

According to data from a research institution, crypto perpetual contracts that are anchored to traditional assets are gradually becoming a tool for “pre-pricing Wall Street,” with their weekend price movements predicting the accuracy of Monday’s traditional market by as much as 89%. Trading volume and weekend activity for these contracts have increased significantly, and they have become an important reference for gauging the short-term direction of traditional markets.

Gate News message, April 10, the Jiangsu Securities Regulatory Bureau issued a risk warning. Recently, some illegal intermediaries have used the gimmick of “getting listed on the Hong Kong Stock Exchange by knocking the gong” for a fee, offering services such as fake equity code and website public announcements. The relevant platforms are mostly “fake exchanges,” and they package the fake listing through forged ceremonies. Some companies take advantage of this to sell equity and pre-IPO shares to the public, which may involve illegal fundraising. Regulatory authorities remind investors: verify the qualifications of institutions through the official website of the Hong Kong Securities and Futures Commission, be wary of guaranteed-principal and high-yield promotions, do not transfer funds to individuals’ accounts or non-official platforms, and if you discover any leads, report and file a case promptly.

Gate News update, April 9, DeFi solutions provider Enhanced Labs announced it has completed a $1 million Pre-Seed round of financing, led by Maximum Frequency Ventures, with participation from GSR, Selini, Flowdesk, and a group of angel investors. The new funding will be used to support product development and operations, while also expanding options-based yield strategies to a wider range of on-chain assets, including tokenized real-world assets.

On-chain sleuth ZachXBT accuses Gurhan Kiziloz, the suspected co-founder of the casino platform Spartans, of spearheading the Blockdag Network project, allegedly luring retail investors into fundraising with false promotion of $300 million, and withdrawing the funds to the Middle East within two years. Gurhan is also suspected of lavish spending and using public relations to maintain his image.

Social app Giggles announced on April 9 that it has completed more than $1 million in Pre-Seed funding, led by 1kx. The funds will be used to improve the product and scale its user base. The app combines a prediction-market mechanism, allowing users to “buy in” early to help turn “content discovery” into an economic activity.

Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

Short video + meme trading platform Giggles completed a $1.2 million Pre-Seed funding round in 2025, with investors including 1kx Capital, etc. The app developed by founder Justin Jin combines social features with prediction markets. It is currently in an invite-only testing phase, where users trade on trending content.

Gate News message, April 8, a certain CEX plans to enter the stock IPO market, allowing large customers to subscribe to popular but not-yet-listed stocks (such as OpenAI) via a cryptocurrency exchange. This process is similar to the over-the-counter primary platforms in the market, but users can use stablecoins within the platform to participate. It is still unclear which specific companies’ shares are being sold, their valuations, and the allocation amounts.