Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.

Due to the Middle East situation, a certain CEX is offering its UAE employees options for temporary relocation to places such as Hong Kong and Tokyo. Although many employees choose to stay in the UAE, the company’s business operations are running normally. This move is intended to provide support for employees. At the same time, the Middle East conflict has affected the schedules of multiple crypto events and exhibitions.

Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.

Putin emphasized at a government meeting that large language models are foundational technologies for the development of Russia in all fields. He advocated the importance of homegrown models to ensure security and defense, and noted that Russia has unique expertise in this area. At the same time, he mentioned the cooperative value of open-source solutions.

Gate News message, April 11, on-chain data shows that whale traders who “set 10 major targets in advance” have accumulated a WBTC position of $4.7 million since yesterday (April 10), with an average cost of $72,720.78. This address (0x0EA…34a54) previously placed a heavy bet of $270 million to go short; this time is its first position-building operation in about a month.

A U.S. bank research report said that since the 1970s, the global economy’s reliance on oil has declined, and the oil required now is only one-third of that at the time, with economic resilience strengthening. In addition, Haitong Securities’ analysis found that gold did not exhibit safe-haven characteristics; after experiencing a pullback due to geopolitical shocks, it rebounded.

Gate News update: On April 11, according to monitoring by Onchain Lens, a newly created wallet withdrew 600.5k TRUMP tokens from a CEX, worth $1.72 million, and may be used to attend a Trump dinner hosted on April 25. However, this whale was unable to obtain an invitation, because eligibility is determined by a time-weighted points system based on the period from March 12 to April 10.

From 2026-04-10 14:00 to 14:15（UTC）, BTC rose 0.53% within a 0.71% trading range, with the price moving between 72251.9 and 72765.3 USDT. During this time window, on-chain data show that both trading volume and the number of transfers remained consistently high, market volatility intensified, and attention on the short term increased. The main driver behind this unusual move is that whale-class investors concentratedly withdrew BTC from a certain major exchange. In about 10 minutes, the related on-chain transfers totaled approximately $420,690, reflecting that institutions and large funds are accelerating their self-custody behavior, clearly stepping up their asset management pace.

Bitcoin treasury company Nakamoto is seeking shareholder approval for a reverse stock split plan to address the ongoing decline in the share price and maintain its Nasdaq listing qualification. The company plans to combine shares at a ratio ranging from 1-to-20 to 1-to-50. The current share price is about $0.22, down roughly 99% from its peak. At the same time, Nakamoto has sold about 5% of its Bitcoin holdings for liquidity management.

Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B. Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs. --- Key recent news about TAO: 1️⃣ **