Gate Crypto Flash News and Market Updates

Gate News message, April 17 — Southbound funds (Hong Kong Stock Connect inflows from mainland China) recorded net inflows exceeding HKD 15 billion as of now (April 17).

Gate News message: Gate has launched pre-market trading for CHIP/USDT perpetual futures, using USDT settlement. It supports 1x–10x long and short positions, and the leverage ratio can be selected by you when placing the order.

JST's buyback and burn program has successfully burned 1.35 billion tokens, or 13.70% of its supply, valued at $60.03 million. The initiative, completed in three phases, creates a self-sustaining deflationary cycle using protocol revenues.

Andrew Forrest is suing Meta, arguing it cannot claim Section 230 protections against liability for deceptive ads using his image to promote scams. A judge allowed his claims to proceed, potentially tightening Section 230 defenses for platforms regarding third-party ads.

Ripple's Marcus Infiner outlined a strategy for institutional adoption of blockchain at Paris Blockchain Week, emphasizing collaboration between crypto firms and traditional finance. He highlighted the XRP Ledger's compliance and efficiency for cross-border payments and on-chain markets, advocating for integration into existing systems.

A 10-day ceasefire agreement between Lebanon and Israel began on April 17, amid U.S. efforts to address the Iran conflict. China's Foreign Ministry supports the ceasefire and urges responsible negotiations to resolve disputes diplomatically.

Bitcoin's Composite Market Index is testing a crucial pivot level, indicating BTC is historically undervalued. Key metrics like MVRV and NUPL show reset investor sentiment, while a downtrend in the 90-day SMA suggests ongoing selling pressure.

Ora Developers, led by Naguib Sawiris, has expanded its Bayn project in the UAE by acquiring 4.8 million square meters of land, increasing its total to 9.6 million. The investment is projected at AED 30 billion, with plans for a beachfront and 9,000 housing units.

Uniswap Labs launched a Developer Platform offering tools for DeFi integration, including an AI toolkit, API playground, and liquidity management features. With over 500,000 developers accessing resources, the platform aims to simplify integration and enhance developer capabilities.

Envision AESC, a global lithium-ion battery manufacturer, is exploring a Hong Kong IPO in 2026 that could raise $1-2 billion. Backed by GIC and Sequoia Capital, it operates worldwide, serving major auto manufacturers.

Naver and Kakao are expected to report strong Q1 2026 earnings driven by commerce and advertising, despite limited impact from early-stage AI products. Both companies are significantly investing in AI infrastructure and shifting strategies to integrate AI into existing services.

Gate News message, April 17 — Southbound funds through Hong Kong Stock Connect recorded net inflows exceeding HKD 10 billion as of today.

Gate News message, according to an announcement from the LeverFi project team, the LeverFi (LEVER) token will soon be swapped for a new Sedunia (SED) token. Gate will delist the LeverFi (LEVER) trading service on April 18, 2026 at 11:00 (UTC+8), including the LEVER_USDT spot trading pair and quantitative grid. At the same time, Gate has suspended deposits for LEVER. Users need to complete the token swap themselves via the channels specified by the project team; it is recommended to withdraw LEVER tokens to your personal wallet before April 21. Any ongoing LEVER quantitative trading strategies must be adjusted in advance, otherwise they will be forcibly stopped before the delisting.

Elon Musk's xAI will provide computing power to programming startup Cursor, utilizing thousands of GPUs to train its new code model. This shift enhances xAI’s role in computing services, potentially increasing revenue and addressing operational costs amid ongoing losses.

Vale reported strong first-quarter results, with iron ore production rising to 69.7 million tonnes and sales increasing by 4%. Copper production also grew by 13%, while nickel reached a five-year high. Financial statements will be released on April 28.

Slash, a US-based financial startup, raised $100 million in Series C funding, valuing the company at $1.4 billion. The funding will enhance its services for 5,000 companies, boosting features like expense management and global payment access.

Gulf Edge Co. has partnered with Kore.ai to utilize AI for enterprise solutions in Thailand's telecom, banking, insurance, healthcare, and public sectors. The collaboration aims to enhance AI adoption as Thailand's AI market is projected to grow significantly by 2030.

Hesai Technology has launched KOSMO, an AI-powered device for comprehensive 3D spatial capture, aimed at advancing robotics with high-quality data. The company also announced its entry into the robotic power module market.

Bitcoin miners sold over 32,000 BTC in Q1 2026, exceeding 2025's total sales. Key players include MARA, Riot, and Core Scientific. Miner profitability is declining as hash prices fall below breakeven, with reserves down from 1.86 million to 1.80 million BTC.