Gate Research Institute: The Hong Kong Securities and Futures Commission will open virtual asset spot ETF staking services, and the prices of Bitcoin and Ethereum have shown a short-term "V-shaped reversal."

Gate Research Institute Daily Report: On April 8, Bitcoin rebounded by 1.93% to 79,947 USDT, and Ethereum rose to 1,582 USDT. Since Trump took office, the cryptocurrency market value has evaporated by over 1.1 trillion USD. Stablecoin withdrawals from exchanges have reached a nearly three-month low. Multicoin's asset management scale has surged by over 50%, and Mantra has launched a 108 million USD fund to support RWA and DeFi startup projects. The South Korean pension system plans to introduce blockchain, and Hong Kong will open spot ETF collateral services to strengthen the compliant development of virtual assets.

• Market Commentary: Bitcoin price increased by 2.64% to 80,238 USDT, Ethereum rose by 0.11% to 1,593 USDT, showing a short-term "V" shaped rebound.
• Popular Tokens: LSDFi, BTCfi, Bittensor Ecosystem and other sectors changed by +48.89%, +29.1%, +16.0%.
• Highlight Data: The total market capitalization of cryptocurrencies has evaporated over $1.1 trillion since Trump took office; top crypto VCs have seen a significant increase in assets under management, with Multicoin's AUM soaring over 50%.
• Hot Comment: Mantra launches a $108 million fund to accelerate the tokenization of real assets and the development of DeFi projects.
• Market Opportunity: Hyperlane aims to achieve secure communication and data transfer between different blockchains, supporting permissionless deployment, and is currently conducting an airdrop for its native token HYPER.

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