The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.

Elon Musk clarified that SpaceX and Tesla are important customers of TSMC, not competitors, citing the need for TSMC to expand capacity with the "Terafab" project amid rising semiconductor demand. TSMC recognizes both Intel and Tesla as both customers and competitors.

From 17:00 to 17:15 (UTC) on 2026-04-17, BTC saw a brief drop. The return rate recorded was -0.45%, with the price ranging from 77354.3 to 77916.9 USDT and a swing of 0.72%. During the event, market attention warmed up, volatility intensified, and spot market liquidity changed significantly. The main driver of this price anomaly was that whale wallets concentrated transfers to exchanges. In a single 15-minute period, the exchange inflow surged to 11,000 BTC, reaching a new high since December 2025. The average amount deposited per transaction was as high as 2.25 BTC, indicating that large holders chose key price levels to concentrate and release their positions, clearly lifting sell pressure. At the same time, BTC futures open interest fell to a 14-month low of $841 million, as leverage funds exited sharply. The spot market’s pull on price fluctuations became the main factor, further magnifying the impact of whale trading. In addition, although ETF funds had a net inflow with a hedging effect—bringing the April cumulative inflow to $5.651 billion—within this anomaly window they were not able to fully absorb large sell orders. The spot market mainly relied on institutional buying to digest the selling pressure, and overall risk appetite contracted. On-chain data shows that 41% of the BTC supply is in a loss-making range, and some holders who bought at lower prices face take-profit and stop-loss pressure. With multiple factors converging, short-term tension formed among exchange inflows, leverage withdrawal, profit realization, and institutions’ ability to absorb, increasing the magnitude of spot volatility. Short-term risks are worth watching closely. Users should closely monitor core indicators such as the subsequent exchange inflow volume, the pace of ETF net inflows, and futures open interest. If whale sell orders still have not eased and ETF inflows cannot accelerate in step, the BTC price may remain under sustained pressure. Users should focus on on-chain transfers and changes in major holders’ positions, watch the spot market’s key support ranges and trading structure, obtain more market information in a timely manner, and stay alert to risks brought by sharp volatility.

From 14:30 to 14:45 (UTC) on 2026-04-17, the Bitcoin (BTC) market saw clear signs of abnormal movement. The 15-minute candlestick return reached +0.69%, with the price ranging from 77455.4 to 78044.4 USDT and an amplitude of 0.76%. Short-term fluctuations increased market attention, trading volume expanded in parallel, and liquidity improved further. The main driver behind this abnormal move was a clear strengthening of spot-market buy-side demand. According to on-chain and statistical data, from 14:00 to 15:00, BTC spot buys had the upper hand. Massive buy orders continued to push the price higher, while whale addresses (≥10,000 BTC holdings) were actively net-buying during this period. The inflow of large on-chain funds directly drove spot prices higher. In addition, CME Bitcoin futures open interest increased by 70%, yet there was no large-scale liquidation or forced selling, indicating that institutional capital was returning in an orderly manner and that futures leverage did not become the dominant source of pressure. The leading force behind this upswing came from the spot market, and any wait-and-see sentiment caused by shrinking ETF flows did not suppress short-term prices. Meanwhile, on-chain data shows that network activity has continued to rise, and the distribution of holdings is becoming more concentrated. In the short term, the coordinated effect of whales and newly onboarded users amplified price elasticity. Benefiting from an increase in macro risk appetite in mid-April—along with dovish signals from the Bank of Japan coinciding with easing geopolitical tensions—BTC’s attractiveness as a risk asset improved, and investors’ risk appetite strengthened. In addition, although ETF net inflows fell to $4.2 million, there were no large outflows, providing bottom support for spot. Multiple factors converged to drive BTC’s short-term rebound within the 15-minute window. It is worth noting that the SOPR data for short-term holders shows that some short-term capital is currently trading at a loss; if the price pulls back, there may be a risk of additional downside. Changes in institutional capital driven by shrinking ETF flows are also a potential trigger for volatility. The return of leveraged funds to the futures market is also worth watching. Investors should closely monitor key support levels, the movements of actively circulating on-chain funds, and changes in macro news, so they can grasp the market’s timing and stay up to date with more real-time market information.

Between 09:30 and 09:45 (UTC) on 2026-04-17, the BTC price’s return within 15 minutes was -0.70%. During the day, it fluctuated in the 75511.9 to 76307.6 USDT range, with an amplitude of 1.04%. Short-term market sentiment became more cautious; although capital activity increased, volatility noticeably accelerated. The main driving force behind this move is the large-scale outflow of funds on-chain and active deleveraging in the derivatives market. On-chain data shows that, within this time window, the net outflow from BTC exchanges increased, with a 24-hour net outflow of -2,844.68 BTC. Investors transferred a large amount of BTC to cold wallets, significantly weakening market liquidity and pressuring buy-side demand, which dragged prices lower. In the derivatives space, open interest in perpetual contracts fell in tandem; some leveraged funds actively reduced exposure, indicating the market’s more conservative stance on short-term price action, thereby further weakening support. In addition, multiple large transfers and whale address activity occurred frequently during the anomaly period, amplifying pressure on capital flows and causing sentiment in the derivatives market to turn even colder. The funding rate dropped briefly within the window, indirectly reflecting that some position holders moved into cold wallets for safer risk management. At the same time, the number of active addresses remained persistently high at over 120k, suggesting network participation was not hit and the fundamentals remained stable; however, the combined effect of frequent outflows amplified market volatility in the short term. What needs to be watched is that continuous net outflows of funds on-chain and a decline in holdings pose a threat to the stability of support levels. Large address behavior could lead to further capital escaping. In the short term, focus on changes in exchange BTC balances, on-chain transfer volumes, whale address flow, and the dynamics of derivatives open interest. If capital does not return later, volatility risk may further expand; it is recommended to closely monitor real-time market conditions and key on-chain indicators.

San'an Optoelectronics has ended its $239 million acquisition of Lumileds due to national security concerns raised by the U.S. CFIUS. The companies withdrew without any payments or equity transfers, and the termination is not expected to negatively impact San'an's operations.

Gate News message. On April 17, according to Gate market data, as of the time of writing, TIA (Celestia) is trading at $0.4069. It is up 14.64% over the past 24 hours, with a high of $0.421 and a low of $0.3462. The 24-hour trading volume is $2.7548 million. The current market cap is about $369 million. Celestia is an L1 blockchain designed for a specialized on-chain marketplace. It enables ultra-fast transactions through fiber-grade performance and millisecond-level latency. The platform provides a modular data availability layer solution, using innovative mechanisms such as Data Availability Sampling (DAS) and the Namespaced Merkle Tree (NMT), allowing lightweight nodes to verify data availability without downloading an entire block. Celestia’s DA layer claims it can reduce end users’ transaction fees by more than 100 times, with native support for well-known rollup ecosystems such as Polygon CDK, Arbitrum Orbit, OP Stack, and Starkware. With bit-level block space, Celestia offers low latency, highly specialized, and high-capacity features for the market, enabling all kinds of applications to be tailored and optimized according to their assets, participants, and latency requirements. This news is not investment advice. Please be aware of risks related to market volatility when investing.

Gate News message, April 17, according to Gate market data. As of the time of writing, PIPPIN (pippin) is trading at $0.0362. It is up 39.78% over the past 24 hours, with a high of $0.0436 and a low of $0.02575. The 24-hour trading volume is $12.4612 million, i.e., $12,461,200. Its current market cap is approximately $36.1977 million. Pippin is an SVG unicorn drawn using the latest LLM benchmarks on ChatGPT 4o. Pippin was created by Yohei Nakajima, a widely recognized innovator and thought leader in the AI VC space. He is known for his public build approach and has been at the forefront of the "AI for VC" movement, launching more than 100+ AI-driven prototypes, automated agents, and open-source projects. Its most well-known release is BabyAGI (March 2023), the first popular open-source autonomous agent with task-planning capabilities. It went viral on Twitter, accumulating millions of impressions, and generated tens of thousands of GitHub stars, dozens of Arxiv citations, and coverage by major global online publications. This news is not investment advice. Please be aware of market volatility risks when investing.

The European Commission's proposed Digital Markets Act rules would require Google to share anonymized search data with rivals in the EU. Google opposes this, citing privacy concerns. Competitors like Qwant and Ecosia have launched their own search engine, arguing the proposal does not sufficiently enhance competition. The dispute highlights the critical role of data in AI development.

Gate News message, April 17. According to Gate market data, as of the time of publication, ARB (Arbitrum) is trading at $0.127. It is up 9.50% over the past 24 hours, with a high of $0.133 and a low that has fallen back to $0.116. The 24-hour trading volume is $1.6685 million. The current market cap is approximately $768 million. Arbitrum is a technology stack designed to scale Ethereum. You can do everything you do on Ethereum using the Arbitrum chain—use Web3 applications, deploy smart contracts, and more—but your transactions will be cheaper and faster. Its flagship product, Arbitrum Rollup, is an optimistic sharding protocol that inherits Ethereum-level security. This message does not constitute investment advice; investments involve risks, including market volatility.