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The Bank for International Settlements (BIS) released a report indicating that cryptocurrency exchanges are gradually providing bank-like services, such as lending and earn products, but lack the regulation and deposit protection found in traditional financial systems, posing systemic risks.The report states that these high-yield products are essentially closer to "unsecured loans," where user assets are often used by the platform for high-risk operations such as lending, trading, or market making, and users only hold a creditor position against the platform. If the platform encounters problems, users will be directly exposed to repayment risks. The BIS also noted that leading cryptocurrency platforms have evolved from single exchanges into "multi-functional intermediaries," integrating the functions of banks, brokerages, and exchanges, but lacking transparency and risk isolation mechanisms. The previous collapses of Celsius Network and FTX are typical cases of such structural risks. Additionally, the report mentioned that the flash crash in the cryptocurrency market in October 2025 triggered approximately $19 billion in forced liquidations, highlighting the chain reaction risks under high leverage and opaque structures.

According to on-chain analysis platform Nansen, in the past 24 hours, whale and celebrity wallets have continued to accumulate HYPE, while exchange supply has decreased by 22.86% during the same period. Specifically, the high-balance address [Adeub6BN] made five consecutive purchases in one afternoon, with each transaction amounting to between $51,000 and $99,000; the address lajay.sol made another purchase of about $66,000 eight hours ago; Token Millionaire [GJvewfRj] directly withdrew HYPE from the Meteora liquidity pool.

According to on-chain analyst Yu Jin's monitoring, within a day and a half, the KelpDAO hacker has exchanged nearly all of the 75,700 ETH (175 million USD) for BTC.The hacker mainly used the THORChain protocol for cross-chain exchanges, contributing 800 million USD in trading volume and 910,000 USD in platform fee revenue to THORChain.

X product lead and Solana advisor Nikita Bier posted to announce two product changes for organizing communities on X, including:XChat now supports a joinable link feature for group chats. Users can create a public link to share directly on their timeline. Each group chat supports 350 members (and is still increasing).Due to declining usage, the X platform will officially deprecate X Communities on May 6.

According to monitoring by Shield, the KelpDAO attackers have begun to transfer the stolen assets: they transferred some of the stolen ETH from the Ethereum mainnet across to Arbitrum via the Across Protocol, then exchanged it for USDT, and routed it to the TRON DAO ecosystem through LayerZero.This path shows that the attackers are diversifying and laundering funds through multi-chain bridges and stablecoin conversion methods, and the subsequent flow of funds still needs to be continuously tracked.

HIVE Digital's wholly-owned subsidiary HIVE Bermuda 2026 Ltd. has completed a private placement of $115 million zero-coupon convertible senior bonds (including an overallotment of $15 million), with the bonds maturing in 2031. The initial conversion price is approximately $2.57 per share, representing a premium of 17.5% over the latest trading price; the company has also completed a cash settlement capped subscription transaction, with a cap price of $4.92 per share, representing a premium of 125%.In addition, HIVE Digital plans to transfer its stock from the TSX Venture Exchange to the Toronto Stock Exchange around 2026, subject to meeting listing requirements.

According to Onchain Lens monitoring, a certain whale liquidated 2.9 billion ASTEROID and exchanged it for ETH and BNB worth $1.17 million, making a profit of $1.16 million.Another whale liquidated 3.39 billion ASTEROID, exchanging it for ETH worth $935,000, making a profit of $865,000.

According to the official announcement, Gate will launch the 13th phase of the Flash Exchange Lucky Draw event from April 20 at 18:00 to April 27 at 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of only $1, enjoy a zero-fee fast experience, and participate in the lottery to unlock PIEVERSE and lucky bag rewards. The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, available on a first-come, first-served basis.During the event, new users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users who complete a flash exchange transaction volume of $100 daily will receive 1 lottery chance, and additional lottery chances can be unlocked when the transaction volume reaches $500, $1,000, $5,000, and for every additional $10,000; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, 1 lottery chance can be obtained, with a maximum of 10 chances per individual.In addition, users whose flash exchange transaction volume reaches 80,000 USDT can also participate in the cash reward activity, with a maximum reward of 200 USDT available, and a total prize pool of 20,000 USDT, distributed based on transaction volume ranking, available on a first-come, first-served basis.It is reported that Gate Flash Exchange currently supports over 2,400 types of cryptocurrency assets, providing zero fees, fast transactions,

ChainCatcher reported live that Ru Haiyang, CEO of HashKey Exchange Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival, focusing on three key themes: RWA, payments, and Asian connectivity. He announced that HashKey Exchange officially launched Hong Kong's first physical gold ETF that day, fully compliant with trading and custody regulations in Hong Kong. He also revealed that HashKey has received approval from the Hong Kong Monetary Authority to jointly issue Asia's first true co-branded credit card with Shanghai Commercial Bank.Regarding industry trends, he pointed out that DTCC has received a no-action letter from the U.S. SEC to intervene in the custody and settlement of tokenized assets, Kraken has become the first cryptocurrency institution to connect to the Federal Reserve's FedWire, and Mastercard has acquired the UK blockchain payment company BVNK at an $1.8 billion valuation, indicating that traditional payment institutions have recognized the irreversible trend.In terms of expansion in Asia, he announced that HashKey officially announced its investment in the Vietnamese market on April 10, planning to jointly invest in VPBank, one of Vietnam's largest commercial banks, to help it become one of the first licensed exchanges. HashKey has also signed memorandums of understanding with leading Asian institutions such as Coins.ph in the Philippines, Indodex in Indonesia, Hata in Malaysia, and Bitazza in Thailand to explore cooperation in liquidity integration, cross-border payments, stablecoins, and asset tokenization distribution.

According to monitoring by Hyperinsight, the HYPE price fell by 6.3% during the day, while the BTC/HYPE exchange rate rose by 7% in the past 24 hours, currently reported at 1821.A whale heavily invested in going long on this exchange rate, claiming "betting long on BTC is more resilient than altcoins," made a daily profit of $900,000. Currently, this address holds: BTC long position (40x leverage): size $31.4 million, average price $70,557; HYPE short position (5x leverage): size $22.58 million, average price $38.93. This address began deploying positions during the last surge of HYPE and completed all positions on March 20, with a total size exceeding $53 million, possibly intending to bet on an overall market decline, with HYPE experiencing a larger drop than BTC. The current net profit of the position is $500,000. Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2.

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.

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.

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.