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On April 16, the Ministry of Economy and Finance of South Korea announced that the "pilot project for the use of blockchain-based digital currency for treasury fund execution" has been selected as a topic for the 2026 targeted regulatory sandbox. Under this pilot, the business promotion expenses for government departments will be transitioned from the current government procurement cards to be issued and paid using blockchain-based deposit tokens. The South Korean government stated that this initiative is expected to enhance the transparency of fund usage through predefined usable time periods and industry scopes, while also reducing transaction fees for small merchants through a no-intermediary payment structure. The pilot program is set to officially launch in the fourth quarter of this year, starting in Sejong City, with plans to gradually expand its applicability.

[South Korea to Pilot Blockchain Deposit Tokens for Government Business Expenses]On April 16, the Ministry of Economy and Finance of South Korea announced that the "pilot project for the use of blockchain-based digital currency for treasury fund execution" has been selected as a topic for the 2026 targeted regulatory sandbox. Under this pilot, the business promotion expenses for government departments will be transitioned from the current government procurement cards to be issued and paid using blockchain-based deposit tokens. The South Korean government stated that this initiative is expected to enhance the transparency of fund usage through predefined usable time periods and industry scopes, while also reducing transaction fees for small merchants through a no-intermediary payment structure. The pilot program is set to officially launch in the fourth quarter of this year, starting in Sejong City, with plans to gradually expand its applicability.

South Korea to Pilot Blockchain Deposit Tokens for Government Business Expenses

On April 16, Sanctum, a Solana ecosystem LST protocol, released its Q1 2026 report. The protocol generated $1.46 million in revenue, a decrease of 15.3% compared to the previous quarter; the amount of SOL staked reached 15.6 million SOL, an increase of 8.6% quarter-over-quarter; the market capitalization of CLOUD was $20.7 million, down 47.6% from the previous quarter; the CLOUDMC:ARR (market cap/annualized revenue) multiple was 3.55, a decrease of 38.6% quarter-over-quarter.

[Sanctum Q1 Report: $1.46 Million in Protocol Revenue, 15.6 Million SOL Staked]On April 16, Sanctum, a Solana ecosystem LST protocol, released its Q1 2026 report. The protocol generated $1.46 million in revenue, a decrease of 15.3% compared to the previous quarter; the amount of SOL staked reached 15.6 million SOL, an increase of 8.6% quarter-over-quarter; the market capitalization of CLOUD was $20.7 million, down 47.6% from the previous quarter; the CLOUDMC:ARR (market cap/annualized revenue) multiple was 3.55, a decrease of 38.6% quarter-over-quarter.

Sanctum Q1 Report: $1.46 Million in Protocol Revenue, 15.6 Million SOL Staked

According to monitoring by Dongcha Beating, Thariq Shihipar, an engineer from the Anthropic Claude Code team, published a lengthy post explaining how to manage conversations after upgrading Claude Code to a 1 million token context window, while also announcing an update to the /usage panel to help users understand their usage patterns. The core concept of the post is 'context rot': as conversations lengthen, the model's attention is spread across an increasing number of tokens, with old and irrelevant content beginning to interfere with the current task, leading to a decline in model performance. A million-token context allows for longer task spans, but does not mean that conversations can be endlessly accumulated. Shihipar believes that the habit users should cultivate the most is rewind (double-click the Esc key). When Claude attempts a solution but fails, most people's instinct is to say, 'This doesn't work, try X,' but a better approach is to revert to before the solution was executed, incorporate the failure experience into a new prompt, and start over, rather than letting the failed intermediate process occupy attention in the context. Regarding context compaction, he pointed out a counterintuitive issue: the model is actually the dumbest when it needs to be the smartest. Compaction occurs at the moment when the context is about to be filled, at which point context rot is most severe and the model's judgment is poorest, making it easy to lose key information. A typical scenario is that after a long debugging session triggers automatic compaction, the model focuses the summary on the debugging process, while other issues the user wants to address next are discarded. The million-token context gives users more leeway to manually input /compact with additional instructions (such as 'only keep content related to auth reconstruction'), actively guiding the direction of compaction. He also suggested viewing subagents as context management tools: assigning tasks that generate a lot of intermediate output but only require a final conclusion to subagents, completing them in independent context windows, and only bringing the results back to the main conversation. The criterion is 'Do I need the process or the conclusion?' After each round of conversation, users actually face five choices: continue the conversation, rewind and retry, /clear to start over, /compact to continue, or send out a subagent. New tasks open new sessions, while related tasks (such as writing documentation right after completing a feature) can remain in the same session to reuse already read files.

[Claude Code Team Explains Management of Million-Token Context: Intelligence Lowest During Summary Compression, Rewind Should Be the Habit to Cultivate]According to monitoring by Dongcha Beating, Thariq Shihipar, an engineer from the Anthropic Claude Code team, published a lengthy post explaining how to manage conversations after upgrading Claude Code to a 1 million token context window, while also announcing an update to the /usage panel to help users understand their usage patterns. The core concept of the post is 'context rot': as conversations lengthen, the model's attention is spread across an increasing number of tokens, with old and irrelevant content beginning to interfere with the current task, leading to a decline in model performance. A million-token context allows for longer task spans, but does not mean that conversations can be endlessly accumulated. Shihipar believes that the habit users should cultivate the most is rewind (double-click the Esc key). When Claude attempts a solution but fails, most people's instinct is to say, 'This doesn't work, try X,' but a better approach is to revert to before the solution was executed, incorporate the failure experience into a new prompt, and start over, rather than letting the failed intermediate process occupy attention in the context. Regarding context compaction, he pointed out a counterintuitive issue: the model is actually the dumbest when it needs to be the smartest. Compaction occurs at the moment when the context is about to be filled, at which point context rot is most severe and the model's judgment is poorest, making it easy to lose key information. A typical scenario is that after a long debugging session triggers automatic compaction, the model focuses the summary on the debugging process, while other issues the user wants to address next are discarded. The million-token context gives users more leeway to manually input /compact with additional instructions (such as 'only keep content related to auth reconstruction'), actively guiding the direction of compaction. He also suggested viewing subagents as context management tools: assigning tasks that generate a lot of intermediate output but only require a final conclusion to subagents, completing them in independent context windows, and only bringing the results back to the main conversation. The criterion is 'Do I need the process or the conclusion?' After each round of conversation, users actually face five choices: continue the conversation, rewind and retry, /clear to start over, /compact to continue, or send out a subagent. New tasks open new sessions, while related tasks (such as writing documentation right after completing a feature) can remain in the same session to reuse already read files.

Claude Code Team Explains Management of Million-Token Context: Intelligence Lowest During Summary Compression, Rewind Should Be the Habit to Cultivate

On April 16, analyst Alicharts reported that Bitcoin is at a critical turning point. Bitcoin is testing the 100-day simple moving average (SMA) as a resistance level, marking its third test in six months. The previous two attempts ended in failure: in October of last year, Bitcoin's breakout attempt failed, resulting in a 30% drop from $116,000 to $80,000. In January, another failed breakout caused a 39% decline from $97,000 to $59,800. Alicharts warns that a third rejection at this level would represent a significant structural failure, potentially triggering a triple top effect that could push Bitcoin's price back to its annual low of $59,800. Conversely, if BTC manages to break through this barrier and closes above the 100-day SMA, it would invalidate the upper limit and open a direct path to $80,000 - $84,000, confirming that the macro adjustment may have ended.

[Bitcoin Tests Key Resistance for the Third Time in Six Months, Potential Drop Below $60,000 if Failed]On April 16, analyst Alicharts reported that Bitcoin is at a critical turning point. Bitcoin is testing the 100-day simple moving average (SMA) as a resistance level, marking its third test in six months. The previous two attempts ended in failure: in October of last year, Bitcoin's breakout attempt failed, resulting in a 30% drop from $116,000 to $80,000. In January, another failed breakout caused a 39% decline from $97,000 to $59,800. Alicharts warns that a third rejection at this level would represent a significant structural failure, potentially triggering a triple top effect that could push Bitcoin's price back to its annual low of $59,800. Conversely, if BTC manages to break through this barrier and closes above the 100-day SMA, it would invalidate the upper limit and open a direct path to $80,000 - $84,000, confirming that the macro adjustment may have ended.

Bitcoin Tests Key Resistance for the Third Time in Six Months, Potential Drop Below $60,000 if Failed

On April 16, ECB's De Marco stated that if an adverse scenario becomes a reality, the market's expectation of two rate hikes is reasonable. (Jin Shi)

[ECB's De Marco: Two Rate Hikes Expected by Market Are Reasonable if Adverse Scenario Materializes]On April 16, ECB's De Marco stated that if an adverse scenario becomes a reality, the market's expectation of two rate hikes is reasonable. (Jin Shi)

ECB's De Marco: Two Rate Hikes Expected by Market Are Reasonable if Adverse Scenario Materializes

On April 16, the American super political action committee Sentinel Action Fund, supported by the Solana Institute, committed $8 million to support Republican Senate candidate Jon Husted in the upcoming November midterm elections. The super PAC announced on Wednesday that it plans to invest this $8 million alongside its sister initiative Right Vote to bolster Husted's campaign. Jon Husted has been a strong advocate for crypto innovation. An advocacy group has rated him as 'strongly supportive of crypto' based on his past statements, and he has backed several key pro-crypto legislations, including the GENIUS Act. In a statement, Husted called for the establishment of a 'favorable digital asset framework for innovation' and stated that digital asset technology represents 'the next wave of economic opportunity for working families.' Husted's opponent is Democratic Senator Sherrod Brown, who has been a vocal critic of the crypto industry. Notably, Brown has advocated for stronger measures against the use of cryptocurrencies for funding terrorism and evading sanctions. Brown has lost his Senate seat in the 2024 election.

[Solana Institute-Backed Super PAC Invests $8 Million Against Sherrod Brown in Ohio Race]On April 16, the American super political action committee Sentinel Action Fund, supported by the Solana Institute, committed $8 million to support Republican Senate candidate Jon Husted in the upcoming November midterm elections. The super PAC announced on Wednesday that it plans to invest this $8 million alongside its sister initiative Right Vote to bolster Husted's campaign. Jon Husted has been a strong advocate for crypto innovation. An advocacy group has rated him as 'strongly supportive of crypto' based on his past statements, and he has backed several key pro-crypto legislations, including the GENIUS Act. In a statement, Husted called for the establishment of a 'favorable digital asset framework for innovation' and stated that digital asset technology represents 'the next wave of economic opportunity for working families.' Husted's opponent is Democratic Senator Sherrod Brown, who has been a vocal critic of the crypto industry. Notably, Brown has advocated for stronger measures against the use of cryptocurrencies for funding terrorism and evading sanctions. Brown has lost his Senate seat in the 2024 election.

Solana Institute-Backed Super PAC Invests $8 Million Against Sherrod Brown in Ohio Race

On April 16, according to data from The Block, as negotiations between the U.S. and Iran progressed, the price volatility of oil trading products decreased, while U.S. stocks surged. The open interest for S&P 500 index contracts on the Trade.xyz platform increased by over 40% in just two days, rising from a low range of $281 million on April 14 to $407 million, making it the largest open interest product on the platform. In contrast, the open interest for WTI and Brent crude oil contracts significantly decreased, falling from $845 million and $352 million on April 14 to $389 million and $274 million, respectively.

[Trade.xyz Sees Over 40% Increase in S&P 500 Contract Open Interest in Two Days]On April 16, according to data from The Block, as negotiations between the U.S. and Iran progressed, the price volatility of oil trading products decreased, while U.S. stocks surged. The open interest for S&P 500 index contracts on the Trade.xyz platform increased by over 40% in just two days, rising from a low range of $281 million on April 14 to $407 million, making it the largest open interest product on the platform. In contrast, the open interest for WTI and Brent crude oil contracts significantly decreased, falling from $845 million and $352 million on April 14 to $389 million and $274 million, respectively.

Trade.xyz Sees Over 40% Increase in S&P 500 Contract Open Interest in Two Days

On April 16, The Block reported that the Sentinel Action Fund, a U.S. super political action committee supported by the Solana Foundation, announced it will collaborate with its sister advocacy organization Right Vote to invest $8 million in support of Republican Senator Jon Husted in the upcoming election in Ohio against Sherrod Brown. This effort aims to prevent former Senator and crypto industry skeptic Sherrod Brown from returning to the Senate. Documents from the Federal Election Commission indicate that the Solana Foundation has donated $750,000 to the Sentinel Action Fund, while Multicoin Capital has contributed $250,000.

[Sentinel Action Fund to Invest $8 Million to Support Jon Husted]On April 16, The Block reported that the Sentinel Action Fund, a U.S. super political action committee supported by the Solana Foundation, announced it will collaborate with its sister advocacy organization Right Vote to invest $8 million in support of Republican Senator Jon Husted in the upcoming election in Ohio against Sherrod Brown. This effort aims to prevent former Senator and crypto industry skeptic Sherrod Brown from returning to the Senate. Documents from the Federal Election Commission indicate that the Solana Foundation has donated $750,000 to the Sentinel Action Fund, while Multicoin Capital has contributed $250,000.

Sentinel Action Fund to Invest $8 Million to Support Jon Husted

On April 16, Cointelegraph reported that Arthur Hayes stated that Bitcoin (BTC) will not experience substantial increases until the Federal Reserve provides liquidity to fill the gaps in bank balance sheets. He currently holds an unleveraged long position in BTC and remains optimistic about HYPE amid uncertainties in the Strait of Hormuz.

[Arthur Hayes: BTC Will Not See Significant Rise Until Fed Provides Liquidity to Fill Bank Balance Sheet Gaps]On April 16, Cointelegraph reported that Arthur Hayes stated that Bitcoin (BTC) will not experience substantial increases until the Federal Reserve provides liquidity to fill the gaps in bank balance sheets. He currently holds an unleveraged long position in BTC and remains optimistic about HYPE amid uncertainties in the Strait of Hormuz.

Arthur Hayes: BTC Will Not See Significant Rise Until Fed Provides Liquidity to Fill Bank Balance Sheet Gaps

火币HTX数据监测显示，ETH突破3500  USDT，现报3500.03 USDT，24H涨幅1.60%。

【ETH突破3500  USDT】火币HTX数据监测显示，ETH突破3500  USDT，现报3500.03 USDT，24H涨幅1.60%。

ETH突破3500  USDT

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edge soared to 1.0899 USDT, a new high with a 24-hour increase of -0.10%. It currently trades at 1.027 USDT on HTX.

cfg soared to 0.2115 USDT, a new high with a 24-hour increase of -4.34%. It currently trades at 0.2005 USDT on HTX.

US Dollar Index Declines 0.07% on April 15

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

ETH突破3500 USDT

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

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