The SEC has approved a NYSE proposal to create a trading mechanism for tokenized securities, allowing them to be traded alongside traditional shares with full fungibility and equal trading rules.

The NYSE proposed a rule change to allow eligible securities to trade in a tokenized form, following similar SEC-approved Nasdaq rules. Tokenized securities must match traditional ones in identifiers and rights, initially focusing on Russell 1000 Index constituents and ETFs, with T+1 settlement and existing regulations.

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.

2026-04-16 13:30 to 13:45 (UTC), the BTC price fluctuated within the range of 74481.3 to 75000.0 USDT, with a return of -0.50% over 15 minutes and a swing of 0.69%. During this round of abnormal movement, market attention increased, shown by intensified short-term volatility, but it did not trigger widespread panic. The main driver of this abnormal movement is localized forced liquidation under the high-leverage positioning environment in the derivatives market. Existing data shows that BTC perpetual futures open interest has been running at consistently high levels; leverage has accumulated in the market. Within the abnormal-movement window, long leverage is passively deleveraged, which triggers a liquidation cascade and, in turn, causes the spot price to passively dip. ETF fund flows remain neutral, contrasting with net outflows of large on-chain funds, further confirming that this price decline is mainly driven by endogenous risk release within the derivatives market. In addition, daily-level data shows that large addresses (\u003e$10M) continue to record net outflows, with a total amount of -12,987.03 BTC. This should have provided support for the price, but during the abnormal movement period, no large-scale concentrated sell-off or a surge in on-chain activity has been observed. On the ETF side, mainstream ETF fund flows show no significant abnormal movement, indicating that institutions have not engaged in trend-based selling. Spot and derivatives trading volumes remain high. The position structures of some top platforms are highly concentrated, and with multiple factors resonating simultaneously, the effect of localized forced liquidation is amplified, which then transmits to the spot market. The market is still in a high-leverage operating phase. Investors should be alert to the risk of a new round of forced liquidation pressure brought on by amplified future volatility. Focus on indicators such as the exchanges’ BTC net inflow/outflow, minute-level large transfers, derivatives market positions, funding rates, and liquidation volume. If there is a sudden change in fund flows on the derivatives or ETF side, there may be systemic downside risk. In the short term, the risk of sharply fluctuating market conditions is prominent, and investors should closely monitor subsequent market data and on-chain developments.

OpenAI is shifting ChatGPT's advertising model from cost-per-impression to cost-per-click amid financial pressures. Despite 900 million weekly users, only 5% subscribe, leading to losses. The change aims to target ad revenue growth while maintaining user trust.

Gate News message. On April 16, according to Gate market data, as of the time of publication, BARD (Lombard) is trading at $0.32. Over the past 24 hours, it is up 4.53%, with a high of $0.33 and a low of $0.30. The 24-hour trading volume reached $2.5407 million. The current market cap is approximately $71.82 million. Lombard is a decentralized finance project that aims to change the use of BTC through liquid-staking Bitcoin tokens (such as LBTC), promoting yield generation and DeFi participation. Lombard is committed to bringing BTC on-chain to create value for individuals, protocols, and platforms. The project has introduced a series of products, including the LBTC liquid-staking token, the Bitcoin Earn automated yield product, and a DeFi trading marketplace, among others.

A whale-sized investor was already down $345k when betting that the Iranian regime would collapse on June 30, and the prior investment also failed. The market’s judgment rules are strict, and only under specific conditions is a regime collapse recognized; ordinary regime change is not considered.

From 2026-04-12 22:00 to 22:15 (UTC), the BTC price fluctuated between 70693.8 and 71371.8 USDT. During this period, the candlestick return rate recorded -0.58%, and the amplitude reached 0.95%. The short-term downside caused market attention to rise rapidly, and some investors accelerated adjustments to their hedging positions. The main drivers behind this change were concentrated on-chain large-fund outflows and a short-term defensive shift in the derivatives market. On-chain data shows that net outflow transactions of large funds $100k and above totaled more than 800 BTC in aggregate from exchanges; meanwhile, the exchanges’ overall BTC holdings

CryptoQuant analyst Darkfost says the Bitcoin market is entering an early stabilization phase, with stronger long-term holding behavior. The amount of BTC held for more than a year has increased, and investors are more inclined to hold than to distribute. This suggests the market is transitioning toward long-term conviction; the current trend is viewed as an early stability signal, but it needs longer-term confirmation.

The European Central Bank on April 12 supported transferring regulatory authority over major cross-border crypto institutions to the European Securities and Markets Authority (ESMA). This is a major structural change since the Markets in Crypto-Assets Regulation fully took effect, aimed at consolidating oversight of large crypto-asset service providers and others.