Adam Back clarified on the X platform that he is not Satoshi Nakamoto, but since 1992 he has been involved in research on electronic cash and privacy technology, helping to drive the development of Hashcash. This response was in reply to a report by The New York Times, which suggested that he shares many similarities with Nakamoto.

U.S. housing finance institution Fannie Mae rolls out a Bitcoin mortgage pilot, allowing borrowers to use Bitcoin as collateral to obtain cash loans, a move that has sparked heated discussion in the market. Experts say the model is suitable for groups with strong financial assets, but it also faces high risk from Bitcoin’s price volatility. Even though it is unlikely to become a mainstream product in the short term, this initiative provides a new path for crypto assets to enter traditional finance.

The U.S. Department of Justice’s case against Tornado Cash co-founder Roman Storm continues to intensify. Prosecutors rebut the Supreme Court ruling Storm cited, emphasizing that the legal framework is different. Storm faces criminal charges including money laundering, and the related funds are closely linked to illegal activity. The case has significant implications for crypto privacy protocols and regulation.

Gate News update: On April 7, according to The Information, Sam Altman is accelerating the process of an OpenAI IPO, while also pledging to invest $600 billion in compute infrastructure. Notably, OpenAI insiders have privately warned that by 2030, the company’s cash burn will surge sharply.

SOL Strategies announced on April 7 that it will acquire Solana zero-knowledge technology company Darklake Labs for $1.2 million. The deal includes $200k in cash and $1 million in stock. Darklake Labs developed the zero-knowledge proof system Zyga for Solana, aiming to improve transaction privacy and prevent front-running trading and sandwich attacks. After the acquisition, its founders and core team will join SOL Strategies.

A court in Qinzhou District, Tianshui City, Gansu Province, is trying a virtual-currency money-laundering case. The defendant used a part-time “high-paying errands” job to withdraw more than 390k yuan and, with knowledge of what was going on, exchange it for virtual currency, earning a profit of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him. The judge reminded the public to stay alert to related activities in order to prevent them from fueling crime.

A court in Qinchou District, Tianshui, Gansu, tried a case of virtual currency money laundering. The defendant withdrew more than 390k yuan using a “high-paying errand runner” method, converted the funds into virtual currency, and earned profits of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him 10k yuan. The judge reminded the public to stay alert against participating in cash withdrawals and transfers, so as not to become an accomplice to crime.

FTX/Alameda sold 6.94 million DRIFT tokens through Wintermute, raising about $320k. This liquidation took place after the Drift Protocol suffered a $285 million hack. The 8.33 million DRIFT tokens Alameda received from early investments have since seen their current value drop sharply, with the initial investment value falling significantly.

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 miner Riot Platforms sold 3,778 BTC in the first quarter of 2026, raising nearly $290 million in cash and reducing its holdings by about 18%. Several mining companies have cut their positions as well, reflecting rising funding pressure. Despite weakening market demand, some institutions are still accumulating Bitcoin, indicating that demand is concentrating toward participants with stronger financial capacity. In the short term, the price trend will be influenced by the clash between supply and demand.