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06:24

MOVR (Moonriver) soars 132.99% in 24 hours

Gate News update: On April 17, according to Gate market data, as of the time of writing, MOVR (Moonriver) is trading at $2.96. It is up 132.99% over the past 24 hours, reaching a high of $2.97 and falling to a low of $1.25. The total 24-hour trading volume is $494.5k. The current market cap is approximately $33.7163 million. Moonriver is an EVM-compatible blockchain running on the Kusama network, providing developers with features such as deploying Solidity smart contracts, Web3-compatible APIs, oracle data, and Ethereum network bridge relays. MOVR is the platform’s utility and governance token. It can be used to pay transaction fees, for network governance, to earn rewards by participating in network consensus through staking, and to provide liquidity for decentralized exchanges built on the Moonriver blockchain. As the Kusama ecosystem version of Moonbeam, Moonriver won eligibility for a parachain slot auction through a crowd sale, giving developers a sandbox environment to test new code under real economic conditions, with full Ethereum compatibility and efficient smart contract execution capabilities.
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MOVR-36,87%
14:02

ETH drops 1.23% in 15 minutes: Retail’s concentrated sell-off and amplified ETF fund outflows weigh on the spot order book

2026-04-16 13:45 to 14:00 (UTC), ETH spot prices fell by 1.23% in just 15 minutes. The candlestick price range covered 2291.2 to 2336.98 USDT, with a swing of 1.96%. Market volatility intensified, sell pressure on the board became concentrated, and the trading community’s focus clearly shifted toward changes in capital outflows. The main driver behind this abnormal move is large-scale, concentrated selling from retail. In the spot market, net outflows in the first 5 minutes reached as high as -$95.57M. Although some lead/major funds attempted to accumulate at lower prices (net inflows of +$18.95M in large orders over 5 minutes), the overall scale was limited and unable to effectively hedge the overall short-term selling pressure. Meanwhile, the ETH futures market did not show extreme liquidations or large-scale position closures, indicating that the core of the abnormal move came from a spot supply-and-demand imbalance rather than leveraged liquidation cascades. In addition, ETH spot ETF funds have continued to experience net outflows in early April. On April 1, the single-day net outflow was $7.1M. The overall trend in Q1 was bearish, directly reflecting weakening institutional capital allocation intent and further undermining market confidence. Some funds have shifted to on-chain staking and emerging DeFi protocols. It is also worth noting that large holders with holdings in the 100,000-ETH range have continued to reduce their positions since the end of March. Whale capital outflows have persisted, and retail has followed the above signals, leading to a multi-factor selloff resonance effect in the short term. Although both the number of active addresses on the ETH chain and daily trading volume have hit historical highs, network usage and liquidity are overall strong, but capital flow has not formed any substantive spot buy orders, making it difficult to drive a price reversal. At present, short-term market risk remains significant. Investors should pay attention to the strength of subsequent retail selling, the direction of ETF fund flows, and changes in large-holder positions. If large holders and major funds do not form a strong follow-through/acceptance, the spot market may continue to be affected by the release of structural supply. It is recommended that investors monitor key support zones in real time, track large on-chain fund movements, and watch for macro news developments, in order to reasonably mitigate the risk of short-term price fluctuations and promptly obtain more market information.
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ETH-3,43%
07:27

JST (JustLend) up 1.55% over the past 24 hours

Gate News, April 15, according to Gate market data, as of the time of publication JST (JustLend) is trading at $0.0798. Over the past 24 hours, it is up 1.55%, with a high of $0.0812 and a low of $0.0762. The 24-hour trading volume reached $2,955,000. Its current market cap is approximately $703 million. JST is the governance token of the JUST ecosystem. It aims to build a fair, decentralized finance system, providing stablecoin lending and governance mechanisms for users around the world. JST uses a dual-token system, where USDJ is a stablecoin pegged to the U.S. dollar 1:1 and is generated by posting TRX as collateral on JST’s CDP lending platform. Holding JST enables users to participate in community fair governance, and under the fair system, to pay CDP
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TRX1,21%
USDD-0,03%
02:31

NFT buyers who support community members’ healthcare receive an airdrop from Rave DAO, with returns reaching 20–500x

Gate News update, April 14, last December, a crypto community member @ufukless1 had to pay medical bills due to illness, and minted an NFT priced at $10 on OpenSea; 15k NFTs were fully minted. After that, Rave DAO air-dropped RAVE tokens to all minters. Currently, this airdrop is worth between $200 and $5,000, giving buyers returns of 20x to 500x.
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RAVE-47,12%
13:32

The American Bankers Association criticizes the White House’s stablecoin report, saying it overlooks the core risks of interest-bearing stablecoins

The American Bankers Association criticized the stablecoin report released by the White House Council of Economic Advisers, saying its analysis was wrong. It emphasized that allowing stablecoins to pay interest would lead to local banks’ deposits flowing out and would tighten credit, countering the report’s claim about the effects of the proposed ban.
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