Tag: WEB3

The FINWISE AI Summit will be held in Hong Kong on April 22, focusing on three cutting-edge fields: artificial intelligence, digital assets, and computing power. The event will invite leading AI companies and investment institutions to discuss trends such as the explosion of AI algorithms, Web3 data transactions, and interpret the industrial opportunities brought by the influx of Middle Eastern capital into Hong Kong. The summit aims to promote cooperation and development in the AI and Web3 fields through in-depth discussions.

Amid Middle East tensions, Binance has offered temporary voluntary relocation options to approximately 1,000 employees in the UAE, including destinations such as Hong Kong and Tokyo. The company emphasized that its UAE operations continue normally, with some staff remaining on-site, and global user services remain unaffected. Binance continues to deepen cooperation under Abu Dhabi's regulatory framework, with its global business continuing to receive support from the region.

Bitcoin mining company BitFuFu produced 214 BTC in March 2026, with cloud hashrate contributing 171 BTC. The company continues to optimize its miner portfolio by replacing older machines with more energy-efficient equipment and believes the current market offers a window for cloud hashrate allocation. As of the end of March, its Bitcoin holdings had reached 1,794 BTC.

The Hong Kong Monetary Authority has issued its first stablecoin issuer licenses, with a Standard Chartered joint venture and HSBC among the recipients. Licensed institutions must complete preparatory work such as system testing, with compliant stablecoins expected to launch successively from mid-year to the second half of this year, marking a new phase in Hong Kong's stablecoin regulation.

On April 9, Ethereum spot ETFs recorded a single-day net inflow of $85.19 million. BlackRock's ETHA led with a net inflow of $90.94 million, bringing its historical total inflow to $11.677 billion. In contrast, Fidelity's FETH experienced a net outflow of $20.98 million. The total net asset value of Ethereum spot ETFs is currently approximately $12.69 billion, accounting for 4.75% of Ethereum's total market capitalization.

On April 9, U.S. Bitcoin spot ETFs recorded a single-day net inflow of $358 million. BlackRock's IBIT led with a net inflow of $269 million, followed by Fidelity's FBTC. Currently, the total net asset value of Bitcoin spot ETFs has reached $93.286 billion, with a historical cumulative net inflow of $56.503 billion, indicating sustained institutional capital inflows.

OpenAI will launch a $100 monthly ChatGPT Pro subscription plan, offering higher Codex usage limits suitable for high-intensity coding scenarios. During a limited-time promotion, Pro users' Codex usage will be increased to approximately 10 times that of the Plus version.

Galaxy Digital reported a net loss of $241 million in 2025, primarily due to unrealized losses on digital asset and investment positions. However, adjusted figures show its core operating business achieved profitability, with EBITDA of approximately $216 million and adjusted gross profit from digital asset business around $505 million.

CME Bitcoin futures open interest has reached a 14-month low, primarily due to large-scale unwinding of basis trades. As Bitcoin's price declined, the annualized basis yield compressed to levels near the risk-free rate, eliminating arbitrage opportunities and prompting institutional capital to exit.

OpenAI has suspended its UK Stargate project, primarily due to high energy costs and regulatory uncertainty. The project, which originally planned to deploy a large number of GPUs, has now been shelved. The company stated it will wait for more suitable investment conditions before proceeding and has adjusted its strategy, shifting towards using third-party cloud services, significantly reducing its computing power expenditure budget.

Due to the Iran war, Asian clients are turning to the US for alternative oil supplies, driving US crude oil exports in April to an expected record high of 5.2 million barrels per day. Currently, 68 empty oil tankers are heading to the US, far exceeding pre-war levels. Oil prices remain high due to the ongoing conflict, and the US has released strategic petroleum reserves to stabilize the market.

On April 8, Ethereum spot ETFs recorded an overall net outflow of $18.63 million. Among them, Fidelity's FETH had the largest net outflow of $32.43 million, while BlackRock's ETHB saw a net inflow of $44.23 million. Currently, the total net asset value of Ethereum spot ETFs is approximately $12.56 billion, with a cumulative historical net inflow exceeding $11.5 billion.