Gate Crypto Flash News and Market Updates

On April 17, an analyst reported that a former holder of 1 million ETH transferred 2,000 ETH, worth $4.63 million, to a multi-signature address, signaling a possible intent to sell. This address is linked to previous liquidation activities.

Sun Yuchen, founder of Tron, has criticized WLF's management for requiring a four-year lock-up for early investors, claiming both he and the Trump family were deceived by misconduct within the team. He maintains a normal relationship with the Trump family.

NAT has launched on SpiderPool, enabling dual-mining with Bitcoin without extra setup. It generates 386 million NAT per block every 10 minutes, valued at $38, with a total market cap of $38 million. The code is open-source.

U.S. stock indices closed higher on April 16, with the S&P 500 reaching a record. Tech stocks surged, particularly within the semiconductor sector and Chinese companies. Crude oil prices rose, while precious metals declined. Analysts offer mixed views on the rally's sustainability amidst geopolitical tensions involving Israel and Lebanon.

Iran's President Pezeshkian met Pakistan's Chief of Army Staff Munir to discuss regional peace, emphasizing unity among Islamic nations and praising Pakistan's role in promoting peace. He justified Iran's military actions as defensive while affirming rights under international law.

Drift Protocol, a Solana-based decentralized derivatives exchange, plans to relaunch as a USDT-based perpetual futures exchange after a $270 million exploit, securing up to $147.5 million in funding from Tether and partners for recovery and operations.

Tether CEO Paolo Ardoino announced the freezing of 3.29 million USDT connected to a hacker linked to Rhea Finance's $7.6 million theft due to a fake token contract attack.

Circle faces a class action lawsuit for failing to freeze $230 million in stolen USDC after the Drift Protocol attack. Plaintiffs argue that Circle's protocols allowed attackers to move and convert the stolen funds without intervention, raising concerns about the company's responsibilities in monitoring cross-chain transfers.

Allbirds, struggling with a recent pivot to AI and rebranding as NewBird AI, faced a 36% stock drop after a meme stock surge. Analysts view this volatility as driven by emotions rather than fundamentals, mirroring similar trends in other companies.

Alibaba has launched Happy Oyster, an AI world model for real-time creation and interaction in virtual worlds. Users can build scenes, generate videos, and explore environments, enhancing Alibaba's AI capabilities and competing with Tencent's HY-World 2.0.

TSMC and ASML's positive outlook suggests major tech firms will continue to invest heavily in AI chips and data centers. Spending is expected to surpass $600 billion this year, driven by capacity constraints and demand from hyperscalers like Microsoft and Amazon.

Anthropic plans to expand its London office to 800 staff, significantly enhancing its presence in the city's Knowledge Quarter. This growth, alongside OpenAI's new UK office, reinforces London as a major AI hub supported by government incentives and a strong talent pool.

Changguang Hanxin debuted on the Hong Kong Stock Exchange with shares priced at HK$39.88, raising HK$2.504 billion. The stock surged 80.54% on its first day. The company ranks third globally in CMOS image sensors for industrial and scientific imaging.

Quark Robotics debuted on the Hong Kong IPO market at HK$7.62, raising about HK$1.092 billion. The stock soared 171.65% to HK$20.7. The firm, part of the "Hangzhou Six Dragons," leads China's spatial design software market with a 23.2% share.

Tesla's in-house AI chip production expansion is expected to increase demand for low-power DRAM from Samsung and SK Hynix. New chips AI6 and AI6.5 will utilize the LPDDR6 standard, enhancing performance significantly.

A wallet acquired 590,900 HYPE from Galaxy Digital's OTC for about $25.92 million. Six linked addresses hold a total of 4,114,234 HYPE, valued at roughly $180.53 million, all sourced from Galaxy Digital.

Hong Kong stocks opened lower on April 17, with the Hang Seng Index down 0.69% and the Hang Seng Tech Index down 0.72%. Qunhe Technology surged over 170% on its debut, while Ganfeng Lithium projected a quarterly profit turnaround.

Intel shares surged 38% in April and 65% year to date, driven by AI partnerships and manufacturing advancements. The company regained full control of its Ireland plant and has secured contracts with major clients like Google, yet remains below its 2020 peak.

Gate News: According to the latest Gate TradFi data, MINIMAX (MINIMAX-W 00100.HK) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market