Global TradFi & Macroeconomics

BitMine Immersion Technologies filed its financial report with the SEC on April 15, 2026, showing that the company’s quarterly net loss as of February 28 totaled $3.81B, mainly due to unrealized losses from its Ethereum holdings. The company holds about 4.87 million ETH, with an average purchase cost of $3,794 per ETH. Its recent market value exceeded $10.7 billion. The BMNR stock has been upgraded to the New York Stock Exchange, and the current quote is $21.69.

Bank of England Governor Andrew Bailey said at an IIF event that the effective functioning of stablecoins depends on users’ confidence in full redemption mechanisms, calling for the development of international standards. The United States has meanwhile released the GENIUS Act, requiring stablecoin issuers to meet compliance requirements. In South Korea, Circle’s CEO said there are no plans to launch a won-pegged stablecoin, and that the company is currently watching local legislative debates.

Shengxin Technology completed its Hong Kong IPO subscription, raising HK$518.89 billion with a 295.6 times oversubscription. Planning to issue 83.348 million H shares, the company specializes in advanced PCBs for AI and computing, holding a significant global market share.

Taiwan's TSMC reported Q1 2026 revenue of $11.34 billion, driven by high HPC chip demand, surpassing expectations. Operating margin rose to 58.1%. Advanced-nodes made up significant revenue, with strong AI orders. Q2 guidance also exceeds estimates.

NVIDIA CEO Jensen Huang said in an interview that AI competition is not just a single model or chip, but involves a complex, multi-layered ecosystem. He believes NVIDIA is responsible for a key part of the “conversion from electrons to tokens,” which is difficult to commoditize. In response to market doubts, Huang said NVIDIA’s supply-chain advantage and investments in upstream areas will continue to drive growth. He believes AI will foster the development of tool-based software companies, rather than replace them. As for industry bottlenecks, he thinks most can be resolved within two to three years, with energy policy being the only long-term challenge.

The Baltic Dry Index rose 5.5% to 2,484 points on April 16, marking nine days of gains due to increased demand and reduced vessel supply, especially for Capesize ships. Rising iron ore imports from China signal robust market activity.

Tether invested $134 million in Stablecoin Development Corporation (SDEV), acquiring influence in Sky Protocol governance. The funds aim to enhance stablecoin infrastructure, signaling Tether's broader investment strategy beyond USDT.

Franklin Templeton's Sonar Desai asserts that the U.S. dollar will retain its status as the preferred global currency due to the size of the U.S. economy, market depth, and institutional credibility. He argues that no credible alternatives exist and that the dollar's current weakness is cyclical, not structural.

Gate News: According to the latest Gate TradFi data, XUNCE (XUNCE 03317.HK) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Sentinel Action Fund issued a statement on Wednesday, announcing that it will team up with its sister advocacy organization, Right Vote, to invest a total of $8 million in support of Ohio Republican Jon Husted’s campaign for U.S. senator. According to filings with the Federal Election Commission (FEC), the main donors include Solana Institute and Multicoin Capital.

Allbirds announced its transition into an AI compute power supplier, “NewBird AI,” with its stock price jumping 582% overnight. However, experts are skeptical that this is merely a reshuffled shell company, similar to what happened with past digital asset vaults. After the company sold off its footwear business, it has continued to incur losses and faces market risk. The market’s reaction to the “new narrative” is still playing out again.

BlackRock's Bitcoin ETF holds $59.31 billion in Bitcoin at an average cost of $89,000 per BTC, rebounding over $11 billion since its bottom on February 25 amid recent Bitcoin price recovery.

On April 16, Hong Kong dollar interbank offered rates (HIBOR) increased for most durations, with one-month HIBOR at 2.34571% and three-month HIBOR at 2.47583%. Overnight rates surged significantly, while six-month and one-year HIBOR declined.

Singapore's business and government leaders have responded to U.S. trade investigations, warning that tariffs could disrupt interconnected supply chains. They emphasize fair trade, highlight significant trade surpluses with the U.S., and refute forced labor claims, showcasing compliance with import regulations.

Although Franklin Templeton is a traditional financial institution, Reed says, the company is indeed building on the blockchain with the spirit of a crypto-native company. He added that the crypto industry is still in its early stages, but the pace of change is accelerating.

Gate News: According to the latest Gate TradFi data, MINIMAX (MINIMAX-W 00100.HK) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

The Sentinel Action Fund, supported by the Solana Foundation, will invest $8 million to aid Republican Senator Jon Husted in the Ohio Senate race against Sherrod Brown, who opposes crypto. Husted is known for advocating pro-crypto legislation.

ERCOT warns Texas's power demand may quadruple by 2032, driven by AI data centers and population growth, potentially requiring capacity equivalent to 300 new nuclear reactors. Major tech companies are adopting self-supply models with long-term power agreements, while challenges like grid capacity and costs remain.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.