Global TradFi & Macroeconomics

Joachim Nagel from the European Central Bank urged against providing forward guidance on interest rates, citing uncertainties about inflation linked to rising energy prices. He warned that the U.S.-Iran conflict is dampening Germany's economic growth prospects, prompting a downward revision of forecasts.

Broadcom's stock rose 0.44% to $398.47, marking its longest winning streak since December, boosted by a recovering semiconductor sector and positive analyst forecasts. The company’s partnerships and increased demand for AI infrastructure contribute to strong investor confidence.

Charles Schwab launched Bitcoin and Ethereum trading on its Schwab Crypto platform, starting with an employee pilot and expanding to a client waitlist by Q2 2026. The service targets 46 million brokerage accounts at a competitive 0.75% fee, positioning Schwab against existing crypto platforms.

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

Netflix co-founder Reed Hastings will not seek re-election to the board when his term ends in June, marking a significant transition for the company he led. Under his guidance, Netflix evolved into a leading media powerhouse, innovating in streaming and original content. Hastings emphasized his focus on member joy and a lasting culture at Netflix.

TSMC reported a net profit of NT$572.5 billion for Q1 2026, a 58% increase year-over-year. The company expects over 30% revenue growth and is investing significantly in new facilities to meet high AI chip demand amid geopolitical concerns.

Gate News: According to the latest Gate TradFi data, RKLB (Rocket Lab Corp) has surged by 12% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.

Gate News: According to the latest Gate TradFi data, USDHUF (US Dollar vs Hungarian Forint) has surged by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Pakistan's central bank has opened its banking system to licensed virtual asset service providers, reversing a previous ban. This change, following the Virtual Assets Act 2026, allows crypto businesses access to banking services under strict regulations.

Arxis, an aerospace and defense parts manufacturer, went public with a 32.7% increase to $37.16 per share, after its IPO at $28. In fiscal year 2025, Arxis generated $1.59 billion in revenue and achieved profitability with a net profit of $46 million.

Elon Musk’s financial product X Money is expected to launch in April, potentially upending the U.S. payments market and putting pressure on PayPal, as Mizuho Securities has downgraded PayPal’s rating to “Neutral.” However, regulatory variables have become the main challenge, especially the legal uncertainty surrounding crypto-asset payments and yield-generating products. X has also rolled out a “Cashtags” feature that integrates real-time financial data.

AMD's stock rose nearly 7% to an all-time high of $275.91, fueled by soaring demand for its EPYC processors amid supply constraints. Analysts report full production capacity sold out and extended lead times, correlating AI advancements with increasing CPU requirements.

Repsol has reestablished control over its Venezuelan oil assets following a deal with the government, planning to boost production by 50% in the next year despite previous U.S. sanctions that had limited its operations.

On April 16, Alibaba's stock rose over 3% after announcing price increases for its AI services to stabilize supply and operations. The company also unveiled Happy Oyster, an innovative model for 3D environments, targeting gaming and film industries, while aiming to boost AI and cloud revenue to $100 billion in five years.

NetEase Youdao's shares increased by over 7% to $10.42 after reporting a 5% revenue rise to 5.91 billion yuan and a 48.7% profit boost to 220 million yuan in its 2025 annual report. The company also recorded positive operating cash flow, generating 60 million yuan.

The European Commission ordered Google to share its core search data with competitors and AI chatbots under the Digital Markets Act. This aims to foster competition by giving AI services like ChatGPT access to valuable user data. Google plans to oppose the ruling, citing privacy concerns.

From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably. The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action. In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced. Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.

U.S. industrial output fell 0.5% in March, missing growth expectations and reversing February gains. Manufacturing and utilities suffered declines, while jobless claims decreased, indicating stable employment amid economic challenges.