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The Hong Kong Stock Exchange today published a consultation document regarding the shortening of the settlement cycle for the Hong Kong stock cash market (the "Consultation Document"), proposing to shorten the settlement cycle from the current T+2 to T+1, and seeking market opinions on the proposal.

According to Jinshi reports, Deutsche Bank expects that the Federal Reserve will keep interest rates unchanged in 2026, whereas the previous forecast was for a rate cut in September.

Web3 asset data platform RootData released the sixth issue of the "Cryptocurrency Exchange Transparency Ranking (Stock Category)," continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this issue, Binance, OKX, Gate, Bitget, and Bybit ranked in the top five.According to the ranking, most cryptocurrency exchanges saw an increase of around 10% in trading volume over the past week, reversing a downward trend that had persisted for several weeks, but the traffic remained mostly flat compared to last week, with no significant signs of rebound.In terms of ranking changes, Gate and Bitget both moved up one position, while Bybit dropped two positions. Bitget launched the first Pre-IPO project SpaceX (SPCX) in this issue, connecting the Pre-IPO product framework with traditional capital markets, enhancing the richness and institutional attributes of its "tradable stock assets," which is an important reason for the score increase this time.It is reported that RootData adheres to the "transparency first" principle and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, thereby providing investors with more effective data references. The ranking will continue to be improved and published in the future.

According to BBX data, yesterday the innovative structure of cryptocurrency ETF products was launched simultaneously with the reserve actions of Asian companies, with the core dynamics as follows:Bitwise Asset Management announced on April 15 via PR Newswire that the Bitwise Avalanche ETF (NYSE: $BAVA) officially landed on the New York Stock Exchange, becoming the first onshore ETP in the U.S. that integrates self-operated on-chain staking of Avalanche; the fund stakes approximately 70% of its holdings, targeting an annualized staking yield of 5.4%, with a management fee rate of 0.34% (waived for the first month on the first $500 million in assets).Metaplanet Inc. (TSE: 3350) reported by media analysis that the 27th batch of warrants officially became exercisable for the EVO FUND starting yesterday (April 16), which is part of the company's ongoing capital operations to expand its BTC reserves. Previously, the company disclosed on April 2 that it purchased 5,075 BTC in Q1 (costing approximately $398 million), raising its total holdings to 40,177 BTC, surpassing MARA Holdings to become the third largest BTC holder among publicly listed companies globally; the company's long-term goal is to hold 100,000 BTC by the end of 2026.

The cryptocurrency futures exchange KieDex announced the completion of a $3.5 million financing round, led by Marqel Capital.The company stated that this round of funding will be used to build the KieDex platform, creating a next-generation cryptocurrency futures exchange focused on fast, secure, and incentive-driven trading experiences. Supporting partners include Hidden Street Capital, Caviar, CSP DAO, Solulu Club, Rocket, TPC, Devmons, TATATU, and others.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%. In addition, the probability of the Federal Reserve cumulatively cutting rates by 25 basis points by June is 1.4%, the probability of keeping rates unchanged is 98%, and the probability of cumulatively raising rates by 25 basis points is 0.5%.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: RaveDAO (RAVE) up 39.53%, current price $17.06; siren (SIREN) up 37.75%, current price $1.11; MemeCore (M) up 27.84%, current price $3.68; Celestia (TIA) up 25.37%, current price $0.3997; edgeX (EDGE) up 16.31%, current price $1.2.Top five losers: JUST (JST) down 15.44%, current price $0.0597; DeXe (DEXE) down 8.6%, current price $11.16; Venice Token (VVV) down 4.67%, current price $8.48; Dash (DASH) down 4.19%, current price $36.52; Zcash (ZEC) down 3.96%, current price $337.2.

The exchange Zonda stated that its cold wallet holding 4,503 bitcoins (worth approximately $334 million) is currently inaccessible.Zonda CEO Przemysław Kral issued a video statement claiming that the private key for the wallet was never handed over during the company's transition. The private key was supposed to be transferred by Zonda's founder and former CEO Sylwester Suszek, but Sylwester Suszek has been missing since 2022. Przemysław Kral denied allegations of misappropriating funds and stated that an unusual surge in withdrawal requests was triggered by negative media coverage. Zonda plans to take legal action against false statements and is committed to fulfilling its obligations to customers. The exchange was renamed from BitBay to Zonda in 2021.

HIVE Digital Technologies (NASDAQ: HIVE) announced plans to issue $75 million of zero-coupon convertible senior notes due 2031 through a private placement to qualified institutional buyers, with an additional $15 million overallotment option for initial purchasers. The proceeds will be used for GPU procurement, data center construction, and general corporate purposes.Meanwhile, HIVE has received conditional listing approval from the Toronto Stock Exchange (TSX) and is expected to officially graduate from the TSX Venture Exchange to the TSX main board on April 30, 2026.

The ETH/BTC exchange rate has risen to a 10-week high, with Ethereum's recent performance outperforming Bitcoin. This ratio has broken through the resistance level of a downward trend line since 2025 and is above the 50-day and 100-day exponential moving averages.XWIN Research points out that the employee statement released by the U.S. Securities and Exchange Commission explains that DeFi front-end and wallet interfaces do not need to register as broker-dealers under conditions such as non-custodial and neutral fee structures, which has boosted Ethereum's strength. On-chain data shows an upward trend in active addresses, and the Coinbase premium gap is also improving, indicating that U.S. institutional demand is recovering.Enterprise-level accumulation is accelerating, with Bitmine increasing its holdings by 279,000 ETH in the past 30 days, currently holding 4.87 million ETH, accounting for over 4% of the circulating supply. In the futures market, global ETH open interest has reached $16.37 billion, with the funding rate still negative, indicating that shorts are dominant. However, open interest on Binance has increased by 10.47% to $6.04 billion, and the funding rate has turned positive, creating an extreme imbalance between global shorts and Binance longs.

AI native infrastructure and programmable IP blockchain Story announced the launch of the Confidential Data Rails (CDR) testnet, a universal secure data transmission architecture designed to enable the secure flow and compliant use of sensitive data in AI and general scenarios, under the premise that data is always encrypted and does not leave the domain.CDR supports end-to-end encryption, preset access permissions, and provides secure sharing capabilities for API keys and integration credentials. In addition, Story, as the infrastructure provider for the Seoul Exchange over the next two years, will provide ongoing technical and ecological support for the Korean RWA market.

CryptoQuant indicates that Bitcoin's recent rebound is facing increasing selling pressure risks, with on-chain data showing a significant rise in funds flowing into exchanges. Bitcoin previously broke through $76,000 but faced pressure and retreated as it approached the key resistance zone around $76,800. This position corresponds to the "on-chain realized price" range, which historically often becomes the top of a rebound, as many investors with positions close to breakeven tend to sell.Data shows that the hourly inflow of Bitcoin into exchanges has risen to about 11,000 coins, the highest level since the end of 2025, and is typically seen as a potential selling signal. At the same time, the scale of large holders (whales) transferring to exchanges is also expanding. Analysts believe that if this resistance level remains effective, Bitcoin may face short-term correction pressure, with key support levels around $67,600.

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve raising interest rates by 25 basis points in April is 1.6%, while the probability of keeping rates unchanged is 98.4%. By June, the probability of a cumulative rate cut of 25 basis points is 0%, the probability of keeping rates unchanged is 98%, and the probability of a cumulative rate increase of 25 basis points is 2%.

According to Jinshi reports, the S&P 500 index reached a record high during Wednesday's trading session, marking the first new high since the outbreak of the Iran war. The market's expectations for a de-escalation of the war situation and strong earnings forecasts have attracted investors back to risk assets. Despite the ongoing geopolitical crisis, there has been a shift in market risk pricing, with traders more willing to factor in lower escalation risks in the short term. Since the conflict erupted on February 28, the S&P 500 index had fallen as much as 9%, but did not meet the criteria for confirming a "technical adjustment."

CryptoQuant analyst Darkfost stated that the number of large transfers sent to exchanges by wholecoiners (investors holding at least 1 full BTC) has significantly decreased.Currently, the average monthly transfer volume of this type on Binance is only about 6,000 BTC, comparable to levels in 2018, and far below the 15,400 BTC seen in 2021. Globally, the transfer volume has dropped from a peak of 80,000 BTC in 2018 to about 27,500 BTC.Darkfost pointed out that this trend is partly due to the continuous rise in Bitcoin prices making it increasingly difficult to hold full BTC, and it also reflects a profound change in market structure: products like ETFs allow investors to gain exposure without directly holding BTC, while more and more investors are shifting to long-term holding strategies.He believes this means that selling pressure has eased, but it has also led to a gradual decline in the liquidity of Bitcoin supply on exchanges.

The Web3 asset data platform RootData has outlined Upbit's business partners, which are relatively limited and mainly focused on areas such as blockchain infrastructure and compliance services. This is closely related to South Korea's unique and strict regulatory framework: under a system environment centered on real-name systems, VASP regulation, and anti-money laundering, exchanges are required to take greater responsibility for the flow of funds and user identities, making Upbit more inclined to develop its own systems and build localized capabilities rather than extensively introducing external partners.From the disclosed structure, on the technical side, infrastructure capabilities are strengthened through Lambda256, Aptos, and others; on the compliance level, service providers such as VerifyVASP, Chainalysis, and Crystal Intelligence are introduced; and supplementary funding and liquidity are provided through Circle and Naver Pay. Additionally, Upbit quickly built trading capabilities relying on its cooperation with Bittrex since its launch in 2017.On the branding side, Upbit has explored NFT entertainment collaborations with Hybe and has laid out plans in esports (LCK) and signed top players like Faker, while also becoming a primary partner of the Korean Sports Council. However, as the popularity of NFTs and the metaverse has declined, the influence of related entertainment collaborations has weakened. Related compilation: [Upbit Web3 Partner Network Compilation (continuously updated)](https://cn

According to the official announcement, the Binance Flash Exchange Regular Investment Rebate Program will terminate on May 1, 2026, at 7:59. At that time, flash exchange regular investment transactions will no longer receive rebate rewards from this program.The qualified rebates accumulated by users in April 2026 will be fully distributed before the end of May 2026. The existing regular investment program will continue to operate, but the rebate incentives will cease.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve raising interest rates by 25 basis points in April is 1.6%, while the probability of keeping the rates unchanged is 98.4%. By June, the cumulative probability of a 25 basis point rate cut is 1.6%, the probability of keeping the rates unchanged is 96.9%, and the cumulative probability of a 25 basis point rate hike is 1.5%.