Gate Crypto Flash News and Market Updates

Elon Musk’s team has approached major chipmaking equipment suppliers for the Terafab project, a collaboration between Tesla and SpaceX, discussing pricing and delivery for essential manufacturing tools, indicating a push for swift development.

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.

France is implementing new measures to protect cryptocurrency holders in response to rising crime, including a prevention platform and stricter protocols. The country has seen a significant increase in crypto-related kidnappings, leading global incidents.

Blockstream CEO Adam Back supports an optional Bitcoin quantum resistance upgrade at Paris Blockchain Week, opposing the BIP-361 proposal to freeze quantum-vulnerable addresses. He emphasizes proactive measures over crisis responses.

On April 16, Singapore's Straits Times Index fell 0.3% to 5,007.83 despite regional gains and optimism over US-Iran ceasefire talks. Mapletree Logistics Trust rose 1.6%, while major banks declined. Regional markets were stronger, with significant gains in Hong Kong, Japan, South Korea, and Malaysia.

Iran has lifted some restrictions on international internet services, signaling a change in its internet access policies, as announced by Iranian authorities on April 16.

The Cato Institute criticizes U.S. bitcoin tax policies for complicating transactions and hindering adoption. They propose reforms like eliminating capital gains taxes on small crypto payments and increasing exemption thresholds for better usability.

Gate News message, April 16 — IEA Director Fatih Birol said Europe's aviation fuel supply may last only about six weeks, according to reporting by the Associated Press.

The Trump administration will not renew sanctions waivers for Iranian and Russian oil, prompting threats of secondary sanctions against countries, particularly China, buying Iranian oil. This decision ends efforts to stabilize global oil prices amidst ongoing Middle East tensions.

Bhutan sold about $18.46 million in Bitcoin recently, retaining around 3,524 BTC valued at $264 million. Their strategy has shifted from accumulation through hydropower mining to active liquidation, having sold $198 million since 2026. Further sales could reduce holdings significantly by September 2026.

The U.S. Defense Department is collaborating with major automakers like General Motors and Ford to enhance weapons and military equipment production due to depleting stockpiles from conflicts in Ukraine and Iran.

Iran's Parliament Speaker Mohammad Baqer Qalibaf emphasized in a phone call with Lebanon's Speaker Nabih Berri that securing a ceasefire in Lebanon is as crucial for Iran as achieving one within its own borders.

BTTC Bridge has upgraded its transaction records page to improve asset tracking for cross-chain users. The new interface features dual viewing modes, enhanced filters, and clear identification markers, aiming to streamline transaction management. Further refinements are planned.

Bank of AI has launched an airdrop campaign on a CEX's Web3 wallet, offering a 5,000 USDT prize pool for 1,000 participants who meet specific requirements, including wallet verification and social media engagement.

JustLend DAO completed its third JST token buyback and burn, destroying over 271 million tokens worth $21.3 million. Cumulative burns have now reached 1.36 billion tokens, or 13.70% of the total supply, with plans for ongoing quarterly cycles.

HIVE Digital Technologies plans to raise $75 million via private placement of convertible senior notes. Proceeds will fund GPU purchases, data center construction, and corporate needs. The company anticipates transitioning to the main TSX board by April 30, 2026.

Paga processed ₦17 trillion in 169 million transactions in 2025, showcasing significant growth in digital payments. CEO Tayo Oviosu highlighted the importance of Paga Engine in this success, reflecting a shift towards digital financial services in Africa. The company plans to expand its enterprise solutions and explore new markets.

Quantitative AI trading platform AlphaNet secures $10 million in seed funding, preparing for a public launch with over 30 high-performing strategies. Plans include an Open Platform for strategy integration by 2026, aiming for 100+ strategies.

Russia's Federal Investigation Committee has initiated a criminal case against Ukraine following attacks on civilian infrastructure in Krasnodar Krai, including the port city of Tuapse, which resulted in two deaths and damage to buildings. A drone strike also hit a Liberian-flagged oil tanker, injuring its Turkish captain. Ukraine has yet to respond.