Gate News update: On April 13, according to Yu Jin monitoring, USDD withdrew 109 million USDT from the lending platform Spark about 1 hour ago, and then added it to the USDD PSM pool (Peg Stability Module, peg stability module). At present, the available liquidity for exchanging USDD for USDT is $42 million.

CryptoQuant analyst Darkfost noted that although March CPI recorded the largest month-over-month increase, core CPI remained stable, indicating that U.S. inflation has not fully spread yet. Attention should be paid to upcoming PCE data. If the Iran-Iraq conflict continues, inflation could evolve into a systemic risk and affect economic growth, and the Federal Reserve may need to continue raising rates to respond.

Bitmine chairman Tom Lee said on the X platform that although there are still doubts in the market, there are signs that the bottom has already formed. He is bullish on Ethereum and related assets and believes crypto is a wartime value-preservation tool. Risk assets may rebound, but it’s important to watch whether the macroeconomic environment and geopolitical situation remain stable.

Pi Network is testing its Launchpad functionality, introducing a “12-grid” token distribution system where users can obtain and verify tokens by subscribing to projects. Test results show the system is stable and supports future ecosystem development. Although it is still on the test network, it has already laid the groundwork for the project’s token distribution and smart contract applications. Overall, the project is moving toward a complete blockchain ecosystem.

Bitcoin has been trading in a two-month range continuously since April 7. In the recent period, the price’s high was between $72k and $75k, and the low was between $62k and $65k. Overall, the market is still consolidating; open interest remains steady at about $16.7 billion, and the funding rate has returned to a neutral range. Sentiment in the options market is stable: call options have risen to 47%, but there is still hedging against short-term downside risk.

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.

The Strategy Company offers two investment options for Bitcoin investors: high-risk, high-reward MSTR common stock and stable-dividend STRC preferred stock. MSTR amplifies price volatility and is suitable for high-risk investors; STRC provides an annualized 11.5% dividend and is suitable for retail investors seeking stability. The choice depends on an individual’s risk tolerance and investment goals.

Gate News message, seven major token unlock events are scheduled for April. $RAIN ranks first with an unlock value of $294.26M, followed by $ZRO at $45.56M, $TON at $43.08M, $UDS at $42.02M, $STABLE at $30.95M, $ADI at $29.89M, and $PUMP at $15.84M.

Bitcoin asset management company Strive, based in Dallas, has seen its Bitcoin-preferred shares SATA reach a record high single-day trading value of $43 million since listing in 2025, drawing the attention of institutional investors. SATA’s trading volume has risen significantly in the short term, closely tied to its stable price range and dividend design, highlighting the unique value of Bitcoin preferred shares as a financing tool.

Fidelity Digital Assets says that this round of the Bitcoin market pullback is about 50%, lower than the previous 80% to 90%, indicating that volatility is declining and institutional confidence is increasing. Analysts believe Bitcoin is gradually shifting into a stable store-of-value tool, with promising future application prospects. From a technical perspective, the price is hovering around a key support level; if it holds that level, it could provide an opportunity for medium- to long-term investors.