The U.S. Internal Revenue Service increases its crackdown on tax evasion involving cryptocurrency, requiring investors to proactively report their transactions by April 15. Starting in 2025, brokers will be required to report digital-asset gains, and investors will need to verify their costs themselves. 61% of investors don’t know about the new rules, and 52% are worried about making mistakes when filing. Experts recommend collecting transaction records to avoid penalties and criminal prosecution.

Hong Kong police have disclosed a cryptocurrency investment scam in which a woman was tricked on Instagram, losing more than 2 million yuan. The fraudster posed as an investment expert, luring her into making transfers and exchanging cash multiple times. Police remind people to be more vigilant when making online friends and to watch out for transfer scams.

Gate News update, on April 13, BIT posted on X, saying that Bitcoin ETF fund flows have just turned positive again, and that it may achieve a continuous second month of net inflows. BIT noted that the current trend is highly similar to the same period in 2025, when early-year fund inflows were lackluster but were later followed by a concentrated surge of nearly $30 billion, driving a rebound after the tariff policy was implemented in April, and continuing through October. BIT said that net inflows resumed in March, which was the first time it turned positive since the pullback that began last October.

A whale-sized investor was already down $345k when betting that the Iranian regime would collapse on June 30, and the prior investment also failed. The market’s judgment rules are strict, and only under specific conditions is a regime collapse recognized; ordinary regime change is not considered.

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.

Gate News update: On April 8, the Federal Reserve meeting minutes (FOMC Minutes) showed that several participants further pushed back their assessment of when rate cuts would happen to a more distant future.

BlackRock’s iShares Staked Ethereum Trust launched in March under its brand, with a management fee of 0.25% and a staking-reward commission of 18%. Industry insiders believe the commission includes multiple costs, and it may decrease in the future. Some people question whether such a high fee is justified, especially when comparing it to staking rates for retail investors.

Contract whales share their trading strategy: when there is no extreme news, it’s recommended to open a short position when the overall market is up 5%–10%, and to open a long position when it falls. Today, the trader successfully closed the position, making profits of $12.12 million and $728k. Remind users to trade cautiously.

Gate News message: According to Gate official announcements, Gate has launched UPUSDT perpetual futures for live trading, using USDT settlement. It supports 1–20x leverage for both long and short positions, and users can choose the leverage ratio themselves when placing an order. UP perpetual futures are now open for trading. Users can access the trading link and view the contract details through the relevant pages on the platform.

In his new book, CZ recalls a mistake he made when buying Bitcoin using BTC-e after Mt. Gox collapsed. He accidentally sent 46 BTC to the wrong address, resulting in the permanent loss of the assets, worth about $30k. He highlighted the risk of blockchain transactions being irreversible and the lack of a centralized compensation mechanism.