Global TradFi & Macroeconomics

Bernstein Liebhard LLP has launched a securities fraud class action against Gemini Space Station, Inc. (GEMI), claiming misleading statements about its cryptocurrency platform. Investors can join the lawsuit by May 18, 2026, with no upfront costs.

Charles Schwab launched Schwab Crypto on April 16, a spot cryptocurrency trading service for retail customers. It supports direct trading of Bitcoin and Ethereum and offers education and support, integrating with existing financial services.

Soluna Holdings acquired full ownership of Project Dorothy 1A for $16.5 million and completed a $53 million acquisition of the Briscoe wind farm, aiming to enhance its green data centers for AI computing and Bitcoin mining.

U.S. stock indices increased on April 16, with the Dow up 0.16%, S&P 500 up 0.2%, and Nasdaq up 0.17%. TSMC's shares fell despite strong profits, while Oracle's stock rose following a partnership announcement with Amazon Web Services.

A study by Wolfe Research reveals that anonymous bettors on the Polymarket platform may predict corporate earnings more accurately than Wall Street analysts, with significant accuracy for both optimistic and pessimistic bets. Despite potential, these prediction markets account for a small trading volume.

Sahara AI has launched Sorin, an investment agent for trading across various assets like cryptocurrencies and stocks. It offers autonomous trading, quantitative strategy automation, and personalized risk management to all users, following testing with 20,000 participants.

Gate News: According to the latest Gate TradFi data, FIG (Figma Inc) has surged by 10% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message, April 16 — According to The Information, Google (GOOG.O) is in discussions with the U.S. Department of Defense regarding the potential use of its Gemini AI model.

Gate News message, April 16 — Vertical Aerospace (EVTL.US), a British electric vertical takeoff and landing (eVTOL) aircraft manufacturer, announced it has successfully completed its first piloted bidirectional transition flight, marking the world's first such test conducted under a Design

Diginex plans to acquire Resulticks Global for $1.5 billion in an all-stock deal, enhancing its AI customer intelligence services. The deal, expected to finalize in 30 to 45 days, aims to leverage Resulticks' capabilities.

Congo has established a strategic reserve for cobalt and critical minerals, mandating that 10% of cobalt exports be set aside for state purposes. This move allows the government to better manage the global cobalt market and complements existing export quotas.

Federal Reserve official John Williams affirmed a steady monetary policy outlook, projecting 2% to 2.5% economic growth and stable unemployment around 4.25% to 4.5%. Inflation is expected to decrease from 2.75% to 3% in 2026 to 2% in 2027.

U.S. Defense Secretary Lloyd Austin announced "Economic Fury," a Treasury Department initiative to apply maximum economic pressure on Iran, during a Pentagon briefing on April 16.

The Philadelphia Federal Reserve's Manufacturing Index rose to 26.7 in April, far exceeding the expected 10 and surpassing the forecast range, signaling robust manufacturing activity in the Mid-Atlantic region.

PepsiCo's Q1 revenue reached $19.44 billion, up 8.5% year-over-year, driven by robust sales in snacks and beverages. With successful pricing strategies and new health-focused products, the company maintains its growth projections and plans significant shareholder returns.

Bitcoin exchange-traded funds (ETFs) opened the week with heavy outflows, reversing last week’s momentum. Ether ETFs posted modest gains, while XRP declined, and solana activity stalled. Key Takeaways: Bitcoin ETFs saw $291.11 million outflows led by Fidelity FBTC, signaling renewed caution. Et

Eddie Yue from the Hong Kong Monetary Authority states that Hong Kong's banking sector faces limited risk from Middle East tensions, though rising oil prices may impact energy-sensitive sectors. There's no increase in SME assistance requests, and the authority continues to monitor the situation. The anticipated 19.3% default rate for a special loan scheme is being managed through standard collection procedures.

SpaceX and other Musk-led firms significantly bought Tesla's Cybertruck, raising concerns about actual market demand. These purchases represent 18% of U.S. registrations, amid Tesla's declining sales and competition from other EV brands.

Russian President Putin reported a 1.8% GDP decline in early 2026 and called for economic stimulus proposals. In response to U.S. sanctions, Kremlin spokesperson Peskov stated that Russia has adapted to these challenges.

A dormant whale address became active after 2.5 months, initiating a 20x leveraged long position in precious metals by acquiring 1,663 GOLD and 43,870 SILVER tokens, totaling about $11.5 million.