Gate News update. On April 12, according to Ai Yi monitoring, the swing whale nemorino.eth sold 2,950 ETH at a price of $2,304.4 about 4 hours ago, worth approximately $6.8M. During April 7 to April 8, the address opened the position at an average price of $2,213. The sold portion has realized a profit of about $267k, while the remaining portion is still up by about $72k.

Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.

Benchmark reaffirmed its bullish stance on Securitize (SECZ) in its latest research report, setting a $16 price target, and believes the company will benefit significantly from the tokenized asset wave. If it were to capture 0.01% of the NYSE’s market cap, its asset base could double. Securitize has full regulatory credentials and has become the digital transfer agent for the NYSE’s tokenized securities platform. It has also partnered with BlackRock, with the size of its tokenized U.S. Treasury fund nearing $3 billion, but it faces regulatory and technology risks.

In the first quarter of 2026, the crypto industry saw a wave of project shutdowns, with more than 80 projects ceasing operations, reflecting shifts in market patterns. Analyst Ignas believes this marks the end of the “easy money era,” and that the future will require professional and sustainable economic models. Capital is concentrating in more stable products, and speculative projects face challenges.

Blue Cat Owl Capital’s stock price has fallen to an all-time low after a surge in redemption requests for its private credit funds, totaling $5.4 billion in the first quarter. The company’s market value has shrunk by more than 40% this year. Investor confidence has declined, the industry faces pressure, and redemption restrictions may affect cash flow and earnings.

Bitcoin’s price is trading in a tight range around $67,044, moving within a downtrend channel. The third wave of decline has already retraced by about 5%. Technical indicators show that price momentum is weakening, and short-term holders face losses. Key support levels are $65,750 and $64,920; if those levels break, the price could test as low as $57,883. Investors should monitor market conditions and manage risk cautiously.

In 2026, the U.S. job market faces serious challenges: government job openings and the hiring rate have fallen significantly, layoffs in the private sector continue, and leading indicators suggest a bleak employment outlook. The market is focused on the upcoming jobs report to gauge the direction of the economy.

April 2, 2026, the total market capitalization of the cryptocurrency market fell 2.6%. Bitcoin dropped to $66,250, Ethereum is nearing $2,000, and major assets generally pulled back. Due to Trump making tough remarks about the Iran situation, risk-off sentiment intensified in the market, and funds are taking a wait-and-see stance in the short term. High interest rates and geopolitical risk together are weighing on prices; going forward, attention will be on developments in the Middle East and changes in macro liquidity.

OpenAI Chief Operating Officer Brad Lightcap said that, amid rapid AI development, traditional software companies are actively pivoting and deeply integrating AI capabilities. He noted that although software stocks have pulled back, most companies are still innovating at startup speeds, using customer relationships to maintain competitiveness. Opinions in the industry differ on whether AI will replace traditional software, emphasizing the importance of collaboration complexity and existing infrastructure. Analysts believe software companies with integration capabilities will see value repair.

Investment bank Benchmark initiates coverage of tokenization platform Securitize, assigning a “Buy” rating and a $16 target price. It calls the company an “early shovel seller” opportunity in the tokenization wave, citing its comprehensive positioning across the tokenized asset lifecycle and a 70% market share, even though industry momentum remains strong. However, the broader adoption of tokenization still requires a clearer regulatory environment.