News linked to this event type.
Odaily News According to CoinGlass data, index-based contracts have been generally active over the past 4 hours. Among them, the HK50 contract on the Gate platform saw a position increase of up to 2647.1%, ranking first across the entire market.Gate pioneered the global index perpetual contract, using mainstream global indices and volatility indices as underlying assets, introducing market sentiment indicators into the crypto derivatives trading system. While maintaining the advantages of USDT settlement and 7×24 hour trading, it provides users with trading choices that are closer to the global macro market. Simultaneously, Gate has fully deployed a traditional finance trading zone covering stocks, metals, foreign exchange, indices, and commodities, continuously building a multi-asset contract system covering mainstream TradFi assets, and creating the industry's most comprehensive index and traditional financial asset contract trading zone.
According to Crunchbase, financial compliance startup Spektr has announced a $20 million Series A funding round, led by New Enterprise Associates, with participation from Northzone, Seedcamp, and PSV Tech. To date, the company has raised a total of $26 million. Spektr primarily provides AI Agent–based compliance services—including risk assessment and sanctions list monitoring—to cryptocurrency wallet service providers such as Phantom, as well as traditional financial institutions.
According to MarketWatch, Allbirds—the “tech bro” sneaker brand—announced this week a $50 million convertible bond financing agreement to fund its AI transformation, triggering a sharp rise in its stock price. However, several industry insiders have issued warnings regarding this move: Matt Domo, CEO of FifthVantage, stated that Allbirds’ AI transformation appears more like a tactic to prop up its sluggish stock price. Investors should be wary of “AI washing”—a phenomenon where companies exaggerate or even fabricate their AI capabilities for marketing purposes. Moreover, it is not unprecedented for enterprises to pursue aggressive transformations to capitalize on trending technologies; from late 2017 to early 2018, numerous companies attempted to ride the blockchain wave. Jason Schloetzer, Associate Professor at Georgetown University’s McDonough School of Business, noted that this initial $50 million financing round “pales in comparison to the actual investment required to become such a service provider.” Yet, viewed more optimistically, the influx of numerous new entrants into the AI space may also reflect the market’s “enduring enthusiasm” for growth.
On-chain lending platform Votre has raised $3.75 million in seed funding, led by a16z Crypto Startup Accelerator, with participation from MaC Venture Capital, Druid Ventures, and angel investors from Goldman Sachs, Harvard University, and OrangeDAO. Founded in 2025, Votre operates a non-custodial crypto lending platform on Coinbase’s Base Layer 2 network, enabling users to borrow USD—settled the same day—using Bitcoin as collateral, with loan sizes ranging from approximately $25,000 to $5 million. The funds will be used to scale technical infrastructure, increase platform capacity, enhance liquidity management tools, and strengthen risk and compliance systems.
According to GlobeNewswire, Solv Protocol announced a strategic integration with Utexo to launch a native Bitcoin yield solution built on the RGB protocol and the Lightning Network. This solution enables atomic swaps between native BTC and USDT—without wrapping, cross-chain bridges, or custodians. It emphasizes self-custody, privacy protection, and final settlement, aligning with Tether’s prior announcement of natively issuing USDT on an RGB-compatible Lightning Network. Additionally, Solv participated as a strategic angel investor in Utexo’s $7.5 million seed funding round, led by Tether.
According to The Block, Tether has confirmed its participation in the previously announced $134 million private financing round of publicly listed Stablecoin Development Corporation (SDEV). SDEV positions itself as a vehicle offering public-market investors exposure to the stablecoin sector, with core holdings including the Sky Protocol governance token SKY and the stablecoin USDS. As of March 31, SDEV held approximately 2.15 billion SKY tokens, representing roughly 9.15% of the total supply. This financing was completed in January and included the deposit of 943.6 million SKY tokens, along with $25 million in cash and $51 million in stablecoins, which were used to acquire an additional ~1.17 billion SKY tokens.
Odaily News: Sharon Yeshaya, Chief Financial Officer of Morgan Stanley, stated that tokenization and on-chain finance will become key evolutionary directions for its wealth management business.The company envisions a "tokenized world," where client assets and liabilities can flow as efficiently as capital through blockchain infrastructure, thereby reshaping asset allocation, lending, and cash management methods.Unlike viewing crypto as an independent business, Morgan Stanley plans to embed on-chain capabilities into its core service system, including investment advisory, financing, and liquidity management, to drive an upgrade of the overall financial architecture.This strategy is being gradually implemented through initiatives such as the digital asset pilot with ZeroHash and products like Bitcoin ETFs. Although the crypto business currently accounts for a small portion of the overall system, its position within the future wealth management framework is rapidly rising.
Odaily News Bitcoin Core developer Jameson Lopp stated that compared to potential future quantum computing attacks, he would prefer to "freeze" approximately 5.6 million long-dormant BTC from the network rather than letting them be acquired by attackers. These bitcoins have not moved for over 10 years and may be permanently lost, valued at around $420 billion at current prices. If future breakthroughs in quantum computing lead to the private keys of old addresses being cracked, these assets could be transferred again, potentially triggering severe market volatility or even a crisis of confidence. Although the community recently proposed BIP-361, the proposal is still in its early stages and is not a formally promoted solution, but rather more like a contingency plan for an "extreme risk." (CoinDesk)
Odaily News Institutional-grade quantitative AI trading platform AlphaNet announced the completion of a $10 million seed round funding. The round was led by private equity firm Joffre Capital, with participation from Huashan Capital and an Asian quantitative trading consortium. This funding will support its transition from an invitation-only whitelist model to a public platform launch. It is reported that AlphaNet was incubated by Asian proprietary trading firm Tensor Investment and is positioned as an institutional-grade "systematic alpha" trading platform, aiming to provide retail users with trading capabilities previously accessible only to institutions. (Decrypt)
Odaily News: Footwear retailer Allbirds has announced the sale of its sneaker business and a transformation into an AI computing infrastructure company named "NewBird AI." This news drove the company's stock price to surge by approximately 300% at one point.According to the announcement, Allbirds has agreed to sell its footwear brand to the American Exchange Group. The company will use a $50 million convertible note financing round to deploy GPU computing power and build AI infrastructure. This financing amount is roughly double the company's market capitalization of $22 million prior to the announcement.This move reflects the strong market demand for AI computing resources and the current supply shortage. Following Bitcoin mining companies pivoting to High-Performance Computing (HPC), small-cap companies are also beginning to attempt to enter the AI infrastructure sector. However, the convertible note financing may be converted into equity in the future, potentially creating dilution pressure for existing shareholders. (CoinDesk)
According to CoinDesk, footwear retailer Allbirds raised $50 million through the issuance of convertible bonds and announced a full transition from its retail business to AI computing infrastructure, with plans to rename the company “NewBird AI.”
Odaily News TeraWulf announced the issuance of 47.4 million shares at $19 per share, raising approximately $9 billion to fund the construction of a large-scale data center campus in Hawesville, Kentucky, repay bridge financing, and support future expansion. Affected by the equity dilution from the financing, the company's stock price fell by about 5.8% during the trading session. The company also disclosed preliminary performance for the first quarter of 2026, expecting revenue to be between $30 million and $35 million, with approximately $3.1 billion in cash on hand and total debt of about $5.8 billion.TeraWulf's management pointed out that high-performance computing (HPC) hosting revenue now accounts for over half of its income, surpassing Bitcoin mining revenue for the first time, driving a shift in its revenue structure towards more stable, long-term cash flows. Analysts believe that while this financing round brings equity dilution, it helps support the expansion of AI infrastructure and enhances visibility for future growth. Overall, this move reflects the industry trend of mining companies accelerating their shift towards AI and high-performance computing to reduce reliance on Bitcoin price volatility and improve profitability stability. (CoinDesk)
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.
According to an official announcement by Tether, Tether Investments participated in a $134 million financing round for the publicly listed Stablecoin Development Corporation (NYSE American: SDEV), with other investors including R01 Fund LP and Framework Ventures—digital asset-focused investment firms. SDEV positions itself as an on-chain holding company dedicated to building infrastructure for stablecoin payments, transfers, and cross-platform fund flows, aiming to lower user adoption barriers. Globally, the circulating supply of stablecoins has surpassed $300 billion, while last year’s transaction volume reached $33 trillion—exceeding the combined total of Visa and Mastercard. Meanwhile, Tether’s USD₮ user base has grown to 570 million.
Odaily News Digital asset trading platform Gate will launch the first Pre-IPOs project, SpaceX (SPCX), opening a channel for pre-listing asset subscriptions. This product supports participation with both USDT and GUSD. Upon completion of the subscription, SPCX asset vouchers will enter the pre-market trading market in a 100% unlocked form.The subscription period for this round is from 18:00 on April 20, 2026, to 18:00 on April 22, 2026 (UTC+8). SPCX is expected to be distributed before 18:00 on May 6 (UTC+8). The total subscription amount is 33,900 SPCX, with a total value of approximately $20.001 million, a unit price of $590, corresponding to an implied valuation of about $1.4 trillion.In terms of mechanism, Pre-IPOs adopts an "average hourly locked amount" for allocation, emphasizing the weight of early participation. After obtaining the asset vouchers, SPCX supports pre-market trading or subsequent delivery. Furthermore, the minimum participation threshold for this round is only 100 USDT, with no hidden costs such as handling fees, custody fees, or profit commissions.Gate Pre-IPOs focuses on early participation opportunities in high-quality projects before their listing, opening a new gateway for individual investors to access global premium assets. In the future, the platform will continue to expand more high-quality targets and product forms, promoting the industry towards a more open and efficient direction.
According to Polymarket’s prediction market page, the current probability of SpaceX’s IPO closing market capitalization exceeding $2 trillion stands at approximately 47%, making it the highest-probability option. The next most likely ranges are $1.8–2 trillion (18%), $1.6–1.8 trillion (13.7%), and $1.4–1.6 trillion (7.8%). Bitget launched its U.S. stock IPO subscription service, IPO Prime, on April 10, with initial support for stablecoin-based subscriptions for SpaceX, referencing an estimated valuation of approximately $1.5 trillion. Additionally, Bitget will distribute two rounds of preSPAX airdrops to VIP users: the first round of 760 preSPAX tokens will be distributed tomorrow, and the second round of 190 preSPAX tokens will be distributed on April 20.
According to The Block, Bitcoin mining company TeraWulf raised $900 million through a stock offering, with the funds earmarked for building AI data centers. Following the announcement, TeraWulf’s stock price declined.
Odaily News: The metal market continues its upward trend. Among them, international silver reached a 24-hour high of $81.07 and is currently trading at $80.20, representing a 24-hour increase of approximately 5.24%; international gold reached a 24-hour high of $4,847.1 and is currently trading at $4,806.1, representing a 24-hour increase of approximately 1.35%. Against the backdrop of persistently strong metal prices, market trading sentiment has noticeably heated up.According to CoinGlass data, metal contract trading on the Gate platform is performing actively. Among them, the 24-hour contract trading volume for silver is approximately $168 million, ranking among the industry's top performers; the current open interest for gold is approximately $35.8041 million, also at an industry-leading level. Driven by the upward price movement, bullish sentiment dominates, further boosting market activity.Gate pioneered the metal contract trading sector, offering 7×24 non-stop trading, providing users with greater strategic flexibility and asset management efficiency in volatile market conditions. Gate contracts already cover various traditional financial assets including stocks, metals, forex, indices, and commodities, supporting trading of core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.
Odaily News Michael Saylor's Bitcoin treasury company, Strategy, has raised funds through its perpetual preferred stock STRC that could purchase 26,334 Bitcoin within two days, representing approximately 0.15% of Bitcoin's total supply.Strategy currently holds a total of 807,231 Bitcoin.