Bitmine chairman Tom Lee shares Joe Lubin’s interview, discussing Ethereum’s potential. Joe Lubin points out that earning yield through staking ETH, compared with Bitcoin, allows Ethereum to achieve higher asset appreciation and drive a transition in its profit model.

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.

Wintermute launched a yield dashboard for its institutional platform NODE on April 9, providing quote estimates for options strategies across more than 50 assets. The tool lets users explore strategies on their own without disclosing information, making it suitable for institutions holding token positions with lower liquidity.

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.

The DeFi yield protocol Saturn officially launched on the mainnet on April 9. The private testing phase has ended; during this period, companies such as Flowdesk and Galaxy deposited $10 million. Its stablecoin USDat is built on M0, with partners including Galaxy, Securitize, and Clear Street. Saturn completed a $800k funding round in January.

Gate News message. On April 8, according to Bloomberg, a White House economist said that stablecoin yields will not harm banks’ profits. Data show that even if stablecoin yields are banned, it is expected to increase the scale of bank loans by only 0.02%.

The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.

Gate News message, according to an official Gate announcement dated April 7, 2026 Gate launches the 10th limited-time reward campaign for new minters of GUSD. New users who mint using USDT or USDC can earn up to 100% annualized returns. The campaign runs from April 7, 2026 at 16:00 to April 8, 2026 at 16:00 (UTC+8). GUSD is a Gate-launched demand, capital-protected wealth management product. Users obtain GUSD yield certificates by minting USDT/USDC, and when redeeming, they are exchanged 1:1 for USDT/USDC. Product earnings come from high-quality yield assets supported by Gate ecosystem revenue, Treasury RWA, and stablecoin backing. Users can redeem at any time; fast redemptions typically settle within 5 minutes, while standard redemptions settle in D+3 days. In addition, GUSD participating in other wealth management products such as Launchpool and Launchpad can, during the investment period, simultaneously receive the corresponding product earnings, GUSD minting earnings, and campaign rewards. The annualized return rate is dynamically adjusted based on Gate ecosystem revenue and market conditions, and any additional rewards are distributed to users’ accounts in GT on a daily basis.