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On April 17, the Islamic Revolutionary Guard Corps (IRGC) of Iran announced on social media that a commander of the resistance front revealed that a severe and unprecedented warning had been issued to all commercial and military vessels in the Strait of Mandeb. The warning stated: 'From noon tomorrow, anyone intending to pass through the Strait of Mandeb must be more vigilant than ever.' The report indicated that the situation in the Strait of Mandeb is entering a new phase of military tension. (Xinhua)

[IRGC Warns Vessels in the Strait of Mandeb]On April 17, the Islamic Revolutionary Guard Corps (IRGC) of Iran announced on social media that a commander of the resistance front revealed that a severe and unprecedented warning had been issued to all commercial and military vessels in the Strait of Mandeb. The warning stated: 'From noon tomorrow, anyone intending to pass through the Strait of Mandeb must be more vigilant than ever.' The report indicated that the situation in the Strait of Mandeb is entering a new phase of military tension. (Xinhua)

IRGC Warns Vessels in the Strait of Mandeb

On April 17, the Tennessee Strategic Bitcoin Reserve Bill will hold a hearing on April 20 in the Senate Finance Committee, taking another step toward becoming law.

[Tennessee Strategic Bitcoin Reserve Bill to Hold Hearing on April 20 in Senate Finance Committee]On April 17, the Tennessee Strategic Bitcoin Reserve Bill will hold a hearing on April 20 in the Senate Finance Committee, taking another step toward becoming law.

Tennessee Strategic Bitcoin Reserve Bill to Hold Hearing on April 20 in Senate Finance Committee

On April 17, according to data from TheMinerMag, in the first quarter of 2026, publicly listed Bitcoin mining companies including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer sold over 32,000 BTC, surpassing the total for the entire previous year and even exceeding the sell-off levels during the bear market triggered by the Terra-Luna collapse in Q2 2022, setting a 'new quarterly record.' This sell-off comes as the key metric for measuring miner profitability, 'hashprice,' has fallen to a historic low of below $35 per PH/s per day, with approximately 20% of miners operating at a loss. Asset management firm CoinShares stated in a report: 'Unless the BTC price rebounds significantly, high-cost miners will further capitulate in the first half of 2026.'

[North American Mining Firms Sell 32,000 Bitcoins in Q1, Surpassing Last Year's Total and Setting Quarterly Record]On April 17, according to data from TheMinerMag, in the first quarter of 2026, publicly listed Bitcoin mining companies including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer sold over 32,000 BTC, surpassing the total for the entire previous year and even exceeding the sell-off levels during the bear market triggered by the Terra-Luna collapse in Q2 2022, setting a 'new quarterly record.' This sell-off comes as the key metric for measuring miner profitability, 'hashprice,' has fallen to a historic low of below $35 per PH/s per day, with approximately 20% of miners operating at a loss. Asset management firm CoinShares stated in a report: 'Unless the BTC price rebounds significantly, high-cost miners will further capitulate in the first half of 2026.'

North American Mining Firms Sell 32,000 Bitcoins in Q1, Surpassing Last Year's Total and Setting Quarterly Record

On April 17, according to data from HTX, as mainstream tokens like Bitcoin have recently stabilized, previously oversold altcoins have begun to rebound. Among them, ORDI has increased by 190% in the last 24 hours, now priced at $9.8. SATS has risen by 58% in 24 hours, currently priced at $0.00002. NEIRO has seen a 48% increase, now at $0.00012. AXL has risen by 45%, currently priced at $0.068. TST has increased by 41.5%, now at $0.0139. PNUT has also risen by 41.5%, currently priced at $0.0739. DYDX has increased by 27.8%, now priced at $0.131.

[Altcoin Rally Continues, ORDI Rises 190% in 24 Hours]On April 17, according to data from HTX, as mainstream tokens like Bitcoin have recently stabilized, previously oversold altcoins have begun to rebound. Among them, ORDI has increased by 190% in the last 24 hours, now priced at $9.8. SATS has risen by 58% in 24 hours, currently priced at $0.00002. NEIRO has seen a 48% increase, now at $0.00012. AXL has risen by 45%, currently priced at $0.068. TST has increased by 41.5%, now at $0.0139. PNUT has also risen by 41.5%, currently priced at $0.0739. DYDX has increased by 27.8%, now priced at $0.131.

Altcoin Rally Continues, ORDI Rises 190% in 24 Hours

On April 17, on-chain analyst Yu Jin reported that after selling off dispersed tokens at the beginning of the month, SIREN whales have reclaimed tokens, increasing their control to over 93%. This has led to intensified market activity, with SIREN recently rising by 185%, recovering from a previous low of $0.13 to $2.18.

[SIREN Surges 185% After Whales Reclaim Over 93% of Tokens]On April 17, on-chain analyst Yu Jin reported that after selling off dispersed tokens at the beginning of the month, SIREN whales have reclaimed tokens, increasing their control to over 93%. This has led to intensified market activity, with SIREN recently rising by 185%, recovering from a previous low of $0.13 to $2.18.

SIREN Surges 185% After Whales Reclaim Over 93% of Tokens

On April 17, Wells Fargo Securities presented an optimistic scenario for gold, predicting that after last month's price correction, gold prices could astonishingly soar to $8,000 per ounce. Before the outbreak of war between the U.S. and Iran on February 28, gold was one of the hottest market momentum assets of the year. However, following the onset of the war, gold prices experienced a decline. In March, gold futures prices dropped nearly 11%, marking the largest monthly decline since June 2013. This Wall Street investment bank anticipates that the 'depreciation trade'—where central banks around the world sell off fiat currencies like the dollar in favor of more neutral safe-haven assets—could push this precious metal to new heights. Chief Equity Strategist Ohsung Kwon wrote, 'We are currently in the fourth round of the currency depreciation cycle that began in 2022.' Kwon added, 'After the recent correction, the current gold price is much closer to our model's fair value of $4,500 per ounce. From three driving factors, all indicate that currency depreciation will deepen further from current levels.' The strategist noted that four out of five economic scenarios point to further currency depreciation, which could see gold prices rise to $8,000 per ounce by 2027. The latest trading prices for spot gold and gold futures are close to $4,800 per ounce, indicating more than a 66% potential for further gains.

[Wells Fargo: Gold Prices May Soar to $8,000, Currency Depreciation Cycle Not Yet Halfway]On April 17, Wells Fargo Securities presented an optimistic scenario for gold, predicting that after last month's price correction, gold prices could astonishingly soar to $8,000 per ounce. Before the outbreak of war between the U.S. and Iran on February 28, gold was one of the hottest market momentum assets of the year. However, following the onset of the war, gold prices experienced a decline. In March, gold futures prices dropped nearly 11%, marking the largest monthly decline since June 2013. This Wall Street investment bank anticipates that the 'depreciation trade'—where central banks around the world sell off fiat currencies like the dollar in favor of more neutral safe-haven assets—could push this precious metal to new heights. Chief Equity Strategist Ohsung Kwon wrote, 'We are currently in the fourth round of the currency depreciation cycle that began in 2022.' Kwon added, 'After the recent correction, the current gold price is much closer to our model's fair value of $4,500 per ounce. From three driving factors, all indicate that currency depreciation will deepen further from current levels.' The strategist noted that four out of five economic scenarios point to further currency depreciation, which could see gold prices rise to $8,000 per ounce by 2027. The latest trading prices for spot gold and gold futures are close to $4,800 per ounce, indicating more than a 66% potential for further gains.

Wells Fargo: Gold Prices May Soar to $8,000, Currency Depreciation Cycle Not Yet Halfway

On April 17, U.S. President Trump praised Treasury Secretary Mnuchin, stating, "Mnuchin's job is indeed difficult. When Mnuchin speaks, the entire market calms down. But when I speak, the market tends to get a bit nervous. So sometimes I say, go ahead, Mnuchin, take care of the situation for me!" (Jinshi)

[Trump: Mnuchin's Job is Tough, He Needs to Calm the Markets for Me]On April 17, U.S. President Trump praised Treasury Secretary Mnuchin, stating, "Mnuchin's job is indeed difficult. When Mnuchin speaks, the entire market calms down. But when I speak, the market tends to get a bit nervous. So sometimes I say, go ahead, Mnuchin, take care of the situation for me!" (Jinshi)

Trump: Mnuchin's Job is Tough, He Needs to Calm the Markets for Me

On April 17, data from TheMinerMag revealed that in the first quarter of 2026, publicly listed Bitcoin mining companies, including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer, sold over 32,000 BTC, surpassing the total amount sold in the entire previous year. This figure even exceeded the sell-off levels seen during the bear market triggered by the Terra-Luna collapse in Q2 2022, setting a new 'quarterly record.' The current sell-off is attributed to a key indicator of miner profitability, 'hashprice,' which has fallen to a historic low of below $35 per PH/s per day, with approximately 20% of miners now operating at a loss. Asset management firm CoinShares stated in their report: 'Unless the price of BTC rebounds significantly, high-cost miners will continue to capitulate in the first half of 2026.'

[North American Mining Companies Sell 32,000 Bitcoins in Q1, Setting a New Quarterly Record]On April 17, data from TheMinerMag revealed that in the first quarter of 2026, publicly listed Bitcoin mining companies, including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer, sold over 32,000 BTC, surpassing the total amount sold in the entire previous year. This figure even exceeded the sell-off levels seen during the bear market triggered by the Terra-Luna collapse in Q2 2022, setting a new 'quarterly record.' The current sell-off is attributed to a key indicator of miner profitability, 'hashprice,' which has fallen to a historic low of below $35 per PH/s per day, with approximately 20% of miners now operating at a loss. Asset management firm CoinShares stated in their report: 'Unless the price of BTC rebounds significantly, high-cost miners will continue to capitulate in the first half of 2026.'

North American Mining Companies Sell 32,000 Bitcoins in Q1, Setting a New Quarterly Record

On April 17, it was reported that Grinex, a trading platform linked to the Russian cryptocurrency market, suspended withdrawals and trading on Thursday, citing a "large-scale cyber attack." The exchange stated that over 1 billion rubles (approximately $13.1 million) were stolen, but blockchain analysis firm Elliptic tracked the actual losses to be around $15 million USDT. The stolen funds have been exchanged for TRX and ETH through the Tron and Ethereum networks to evade freezing. Grinex is reportedly considered the successor to the sanctioned Garantex trading platform, which was targeted by U.S. authorities last year for facilitating the flow of hundreds of millions of dollars in illegal funds.

[Russian CEX Grinex Suffers Cyber Attack, Losses Exceed $15 Million]On April 17, it was reported that Grinex, a trading platform linked to the Russian cryptocurrency market, suspended withdrawals and trading on Thursday, citing a "large-scale cyber attack." The exchange stated that over 1 billion rubles (approximately $13.1 million) were stolen, but blockchain analysis firm Elliptic tracked the actual losses to be around $15 million USDT. The stolen funds have been exchanged for TRX and ETH through the Tron and Ethereum networks to evade freezing. Grinex is reportedly considered the successor to the sanctioned Garantex trading platform, which was targeted by U.S. authorities last year for facilitating the flow of hundreds of millions of dollars in illegal funds.

Russian CEX Grinex Suffers Cyber Attack, Losses Exceed $15 Million

according to Whale Alert monitoring, USDC Treasury minted 83 million USDC on the Ethereum chain about 10 minutes ago.

[USDC Treasury mints 83 million new USDC on Ethereum]according to Whale Alert monitoring, USDC Treasury minted 83 million USDC on the Ethereum chain about 10 minutes ago.

USDC Treasury mints 83 million new USDC on Ethereum

Article

Bitunix Analyst: Energy Supply Risks Shift to Manageable but Not Resolved, Delayed Responses in Policy and Corporate Behavior, Market Enters Asymmetric Pricing Phase

Trump: Negotiations Between Israel and Lebanon to Take Place Tomorrow

CoW Swap Releases Incident Report: Domain Compromised by Social Engineering Attack, Control of cow.fi Domain Reclaimed

edge currently trades at 1.212 USDT, up 20.10% in 24h, according to HTX market data.

JPMorgan: Negotiations on the CLARITY Act Enter Final Stage, Disputes Reduced to 2-3 Core Issues

Anthropic Plans to Provide Access to 'Mythos' for UK Banks Next Week

USDC Treasury mints 83 million new USDC on Ethereum

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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