Gate News message: On April 9, the quant yield protocol Axis announced the launch of a synthetic U.S. dollar USDx and completed its first minting, with a size of 10 million US dollars. It is currently in a private testing phase. After minting is completed, USDx will be deployed to Axis’s market-neutral arbitrage engine, covering more than 40 trading venues, to provide liquidity and capture opportunities from market price spreads.

Gate News message, according to Gate’s official announcement Gate has decided to remove trading services for 32 tokens. These tokens include PLENA, CATGPT, TOKO, TGT, KBD, PORTX, PFVS, TEN, AGLA, PAI, GAN, BEFE, OOE, RUNI, RIZZMAS, ASTRA, BMB, DF, HDRO, SNET, ASMATCH, BDP, TPT, PHIL, PAW, UTK, STB, DCB, QUACK, CHESS, LAI, and TOMI. Gate will carry out the removal in phases. Before 16:00 on April 2, 2026 (UTC+8), Gate will close new leveraged borrowing and collateral borrowing for the related tokens; at 11:00 on April 8, 2026 (UTC+8), Gate will officially suspend spot trading, quant grid trading, Yubibao, and leveraged trading for the related tokens. After the delisting, users holding positions may apply for a repurchase during the period from April 22 to April 29, 2026. Gate will repurchase the related tokens at the specified price; the maximum compensation amount per user is 100 USDT. After the delisting, users can still continue using Gate as a wallet to store these assets.

On March 22, among the top 100 cryptocurrencies by market cap, DeXe had the largest gain at 14.89%, while Aptos experienced the biggest decline at 7.94%. Other tokens with notable gains include River and JUST, with Filecoin and Quant leading the declines.

As institutional investors and quantitative funds enter prediction markets, the industry structure is undergoing transformation. In 2026, prediction market trading volume surpassed $13.7 billion, with quantitative strategies gradually becoming mainstream, employing sophisticated financial models to achieve stable returns. Core methodologies include LMSR, Kelly Criterion, and Bayesian updating, with technical implementation focusing on data quality and execution efficiency. Retail investors struggle to replicate institutional advantages without model capabilities.

Bitcoin and digital asset quant funds founder Charles Edwards pointed out that due to the threat of quantum computing, Bitcoin's current fair value may be discounted by about 20%. If there is no progress, this discount could double each year, and the valuation could be halved within a year. He urges developers to take countermeasures before 2026.

Bitcoin quant fund founder Charles Edwards pointed out that the Bitcoin Mayer multiple has currently fallen to 0.6, indicating a potential bullish signal. Although the price may decline further, historical data shows that this range is usually a good buying opportunity.

The U.S. Securities and Exchange Commission has filed market manipulation charges against three crypto market makers and nine individuals, accusing them of deceiving investors through false transactions. The investigation also uncovered actions involving the use of fictitious tokens for entrapment, leading to the indictment of 15 entities.

Legend Quantitative Hedge Fund QRT is accelerating its expansion in Hong Kong, having signed the contract for the second phase of Central IFC, expected to be operational next year. At the same time, it is expanding its crypto data and quantitative teams, continuously recruiting for related positions. Although its crypto trading activities are low-profile, industry insiders are generally paying close attention to its developments.

Crypto Quant analyst Axel stated that recently, the Bitcoin market has experienced profit-taking behavior, with approximately 35,400 profitable Bitcoins flowing into CEX, while the amount of loss-making Bitcoins flowing out is only about 4,600, with a profit-to-loss ratio of 7.5:1. This indicates that profit-taking is dominating the market, and panic selling is minimal. The loss rate is narrowing, and the price is approaching the cost basis.

Bitcoin quant fund founder Charles Edwards stated that institutional capital inflows are crucial for Bitcoin price increases, while retail investor influence is limited. He emphasized eliminating risks such as quantum computing to enhance institutional investment willingness.