Gate Crypto Flash News and Market Updates

Akihiro Murata, a member of Japan's Ground Self-Defense Force, is undergoing a psychiatric evaluation to determine his criminal responsibility for intruding into China's embassy, which will last until June 16.

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 消息，Gate已上线CHIP/USDT永续合约盘前交易，采用USDT结算方式，支持1-10倍做多和做空操作，杠杆率可在下单时自行选择。

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 消息，据LeverFi项目方公告，LeverFi (LEVER) 代币即将兑换为Sedunia (SED) 新代币。 Gate将于2026年4月18日11:00 (UTC+8) 下架LeverFi (LEVER)交易服务，包括LEVER_USDT现货交易对和量化网格。同时，Gate已暂停LEVER的充值服务。用户需通过项目方指定渠道自行完成代币兑换，建议在4月21日前将LEVER代币提现至个人钱包。 正在执行的LEVER量化交易策略需提前调整，否则将在下架前被强制停止。

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.