Gate Crypto Flash News and Market Updates

21Shares CEO Duncan Moir said in a statement: “Since our founding, we have been focused on providing a convenient digital-asset investment pathway. With this product, we extend that expertise into equity-linked investment areas tied to the Bitcoin ecosystem.” Moir also said the product “combines high yield potential with a familiar exchange-traded structure,” targeting both institutional and retail investors.

Southbound funds from mainland China into Hong Kong stocks have seen a net buying increase of over 5 billion Hong Kong dollars as of April 17, according to Gate News.

Minyue Technology has secured pre-B+ funding to enhance its welding and cutting systems, expand data infrastructure, and pursue international growth, following a successful pre-B round. The company specializes in advanced welding technology and aims to penetrate more global markets.

NiSource has partnered with Google and Amazon to provide long-term power for a new Indiana data center, launching a "GenCo" model to balance energy demands without raising consumer costs. This partnership is expected to yield substantial savings for residents and underscores Indiana's growing role in tech energy resources.

Former U.S. Treasury Secretary Henry Paulson warns of a potential collapse in U.S. Treasury demand, which could destabilize the financial system and erode confidence in the dollar, shifting investments to Bitcoin and gold. Tether may face risks as well.

Lei Jun, Xiaomi's founder, is livestreaming a challenge to drive the new SU7 Pro from Beijing to Shanghai on a single charge, a journey of 1,265 km. He stated that Xiaomi will not launch EVs under 100,000 yuan in the coming years due to high intelligence costs.

Manycore Tech raised $156 million in its Hong Kong IPO, shifting focus from home renovation to AI and robotics services using proprietary 3D design data. Despite an 8.6% revenue increase, it remains loss-making, reflecting investor interest in specialized design software.

The Ethereum NFT marketplace Foundation has permanently shut down after its acquisition by BlackDove failed. With no plans for restoration, users must withdraw their NFT assets despite a year of continued media service.

Australian Prime Minister Anthony Albanese announced the acquisition of 570,000 barrels of diesel from Brunei and South Korea during his visit to Malaysia. This marks the first strategic material secured under new procurement powers aimed at strengthening energy cooperation in Southeast Asia.

Flow Capital Partners plans to launch a $150 million private credit fund on a Singapore blockchain platform, aiming for $30 million in tokenized shares by year-end and a potential growth to $250 million by 2026.

Nvidia's new AI product suite, Ising, launched on April 14, enhances quantum error correction, boosting speed by 2.5 times and accuracy by three times. This announcement spurred a significant rise in quantum computing stocks, indicating strong market interest, even amid volatility.

GoTyme Bank has introduced an in-app stock trading feature, allowing users to invest in the Philippine Stock Exchange directly from their banking app. This service, in partnership with DragonFi Securities, aims to simplify investment for new and existing customers.

Wipro reported Q4 revenue of 242.4 billion rupees, a 7.7% increase but below expectations. The decline reflects decreased tech spending from clients, particularly Estee Lauder, and a broader trend in the Indian IT sector towards specialized hiring amid AI adoption.

Circle CEO Jeremy Allaire forecasts that China may introduce a yuan-backed stablecoin in three to five years as digital currencies gain traction. This aligns with China's efforts to internationalize the renminbi, despite previous cryptocurrency restrictions.

Meta will increase prices for its Quest 3S and Quest 3 VR headsets due to rising memory chip costs, effective April 19. The Quest 3S will range from $349.99 to $449.99, while the Quest 3 will be priced at $599.99, affecting refurbished units as well.

Pumpcade, a Solana-based platform for Meme coin creation and prediction markets, secured $5 million in seed funding from investors like Jump Crypto and Foundation Capital. This follows a $1 million extension round on April 2.

OpenAI intends to invest over $20 billion in Cerebras chips for servers over three years and will acquire equity in Cerebras, enhancing AI training and infrastructure capabilities.

Tennessee's Strategic Bitcoin Reserve Bill is advancing to a Senate Finance Committee hearing on April 20, moving closer to potential enactment into law.

In the past 24 hours, ORDI saw $36.6 million in total liquidations, with shorts at $24.27 million and longs at $12.33 million. The largest single liquidation was $879,629, marking a significant spike compared to the weekly average.