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According to monitoring by Dongcha Beating, Tongyi Lab released the voice recognition model Fun-ASR1.5 on April 20, which is now available on Alibaba Cloud's Bailian API and offers an online experience in the Modao community. The official announcement states that this version covers 30 languages, seven major dialect systems of Chinese, and over 20 regional accents with a single model, eliminating the need to create separate models for each dialect. Internal evaluations provided by Tongyi show that the character error rate in typical dialect scenarios has decreased by 56.2% compared to the previous version, with five dialects achieving an accuracy rate of over 90% and 15 dialects exceeding 80%. Additionally, recognition of classical poetry has been specifically optimized, with an internal character-level accuracy rate reported at 97%. These figures are based on Tongyi's self-assessment and not third-party benchmarks. The long tail of dialects, which is the most challenging aspect of Chinese voice recognition, is now integrated into a single commercially usable capability. For scenarios such as educational live streaming, local government hotlines, and interview transcription, users no longer need to separate recognition pathways by regional accents, making deployment simpler.

[Tongyi Launches Fun-ASR1.5, Focused on Dialect Recognition]According to monitoring by Dongcha Beating, Tongyi Lab released the voice recognition model Fun-ASR1.5 on April 20, which is now available on Alibaba Cloud's Bailian API and offers an online experience in the Modao community. The official announcement states that this version covers 30 languages, seven major dialect systems of Chinese, and over 20 regional accents with a single model, eliminating the need to create separate models for each dialect. Internal evaluations provided by Tongyi show that the character error rate in typical dialect scenarios has decreased by 56.2% compared to the previous version, with five dialects achieving an accuracy rate of over 90% and 15 dialects exceeding 80%. Additionally, recognition of classical poetry has been specifically optimized, with an internal character-level accuracy rate reported at 97%. These figures are based on Tongyi's self-assessment and not third-party benchmarks. The long tail of dialects, which is the most challenging aspect of Chinese voice recognition, is now integrated into a single commercially usable capability. For scenarios such as educational live streaming, local government hotlines, and interview transcription, users no longer need to separate recognition pathways by regional accents, making deployment simpler.

Tongyi Launches Fun-ASR1.5, Focused on Dialect Recognition

On April 20, Sky News Arabic reported that Ibrahim Azizi, the chairman of the National Security and Foreign Policy Committee of the Iranian Islamic Parliament, stated that if Iran receives positive signals from the United States, it will send a delegation to the capital of Pakistan, Islamabad.

[Iranian Parliament Official: Iran Will Send Delegation to Islamabad if Positive Signals Received from the U.S.]On April 20, Sky News Arabic reported that Ibrahim Azizi, the chairman of the National Security and Foreign Policy Committee of the Iranian Islamic Parliament, stated that if Iran receives positive signals from the United States, it will send a delegation to the capital of Pakistan, Islamabad.

Iranian Parliament Official: Iran Will Send Delegation to Islamabad if Positive Signals Received from the U.S.

On April 20, Sky News Arabia reported that Ibrahim Azizi, the chairman of the National Security and Foreign Policy Committee of the Iranian Islamic Parliament, stated that if Iran receives positive signals from the United States, it will send a delegation to the capital of Pakistan, Islamabad.

[Iranian Official: Iran Will Send Delegation to Islamabad if Positive Signals Received from the U.S.]On April 20, Sky News Arabia reported that Ibrahim Azizi, the chairman of the National Security and Foreign Policy Committee of the Iranian Islamic Parliament, stated that if Iran receives positive signals from the United States, it will send a delegation to the capital of Pakistan, Islamabad.

Iranian Official: Iran Will Send Delegation to Islamabad if Positive Signals Received from the U.S.

According to Beating monitoring, the open-source AI client Cherry Studio has been found by users to have a malfunctioning privacy switch. GitHub user Yuerchu posted a packet capture screenshot in Issue #14387, showing that even after disabling 'Send anonymous error reports and data statistics', the client continued to send requests to analytics.cherry-ai.com. Cherry Studio, led by domestic developer kangfenmao, supports multiple large model aggregations and local knowledge bases, making it one of the largest open-source AI desktop clients in China. The client reports three types of events: each AI conversation, each application launch, and each update check. Only the conversation event respects user settings, while the other two bypass the switch entirely. Each request carries a unique device ID, along with system, CPU architecture, and application version information, allowing for long-term tracking of the computer. Code analysis reveals that when this reporting mechanism was first added in February 2026, the switch was functional. However, on March 22, maintainer kangfenmao modified the version to remove the switch check and included more device information in the request headers. This change was present in versions v1.8.3, v1.8.4, v1.9.0, and v1.9.1 for a month. Kangfenmao acknowledged the issue in the issue thread, explaining that different events used different switch logic, and that requests for application launch and update checks were not blocked after disabling the setting; sensitive data such as chat content, user input, files, and API keys do not go through this channel. Fix PR #14390 has been merged, unifying the three events under the same switch. There is an earlier layer to this issue. The community discovered in old code that when the analysis feature was first added in February 2025, an upgrade script was included that automatically enabled the 'anonymous statistics' switch for users upgrading from older versions. Since then, the analytics backend has switched from Google Analytics to PostHog, Sentry, and finally to the self-hosted analytics.cherry-ai.com, but the code for automatically enabling the switch has never been removed. This means that users who installed Cherry Studio before February 2025 and later upgraded, regardless of whether they manually disabled the switch initially, would have it automatically re-enabled during the upgrade, requiring them to manually disable it again after upgrading.

[Cherry Studio Accused of Continuing Data Transmission After 'Anonymous Statistics' Feature Closure, Developer Admits Switch Malfunction]According to Beating monitoring, the open-source AI client Cherry Studio has been found by users to have a malfunctioning privacy switch. GitHub user Yuerchu posted a packet capture screenshot in Issue #14387, showing that even after disabling 'Send anonymous error reports and data statistics', the client continued to send requests to analytics.cherry-ai.com. Cherry Studio, led by domestic developer kangfenmao, supports multiple large model aggregations and local knowledge bases, making it one of the largest open-source AI desktop clients in China. The client reports three types of events: each AI conversation, each application launch, and each update check. Only the conversation event respects user settings, while the other two bypass the switch entirely. Each request carries a unique device ID, along with system, CPU architecture, and application version information, allowing for long-term tracking of the computer. Code analysis reveals that when this reporting mechanism was first added in February 2026, the switch was functional. However, on March 22, maintainer kangfenmao modified the version to remove the switch check and included more device information in the request headers. This change was present in versions v1.8.3, v1.8.4, v1.9.0, and v1.9.1 for a month. Kangfenmao acknowledged the issue in the issue thread, explaining that different events used different switch logic, and that requests for application launch and update checks were not blocked after disabling the setting; sensitive data such as chat content, user input, files, and API keys do not go through this channel. Fix PR #14390 has been merged, unifying the three events under the same switch. There is an earlier layer to this issue. The community discovered in old code that when the analysis feature was first added in February 2025, an upgrade script was included that automatically enabled the 'anonymous statistics' switch for users upgrading from older versions. Since then, the analytics backend has switched from Google Analytics to PostHog, Sentry, and finally to the self-hosted analytics.cherry-ai.com, but the code for automatically enabling the switch has never been removed. This means that users who installed Cherry Studio before February 2025 and later upgraded, regardless of whether they manually disabled the switch initially, would have it automatically re-enabled during the upgrade, requiring them to manually disable it again after upgrading.

Cherry Studio Accused of Continuing Data Transmission After 'Anonymous Statistics' Feature Closure, Developer Admits Switch Malfunction

On April 20, as the Trump administration pushed for a military overhaul, internal power fractures within the Pentagon continued to widen. Defense Secretary Pete Hegseth and Army Secretary Dan Driscoll have engaged in multiple public conflicts over personnel appointments and power boundaries. Reports indicate that Dan Driscoll publicly supported the dismissed Army Chief of Staff Randy George during a congressional hearing, which was seen as a direct challenge to Pete Hegseth. Previously, Pete Hegseth had swiftly dismissed Randy George via phone during his vacation, causing a stir within the military. The core of the conflict stems from a series of personnel appointment controversies. Sources say that Pete Hegseth had requested the removal of certain officers from the promotion list, which was rejected by Dan Driscoll, leading to a rapid deterioration of their relationship. Subsequently, the internal power struggle within the Pentagon regarding the appointments and authority of senior generals has escalated. Additionally, the Trump administration's previous bypassing of the Defense Department to directly involve Dan Driscoll in external affairs coordination is also seen as a significant factor exacerbating the conflict. Currently, this power struggle has affected the appointments of several senior generals and raised concerns about the stability of the U.S. military command structure.

[Pentagon Division Becomes Public: Conflict Between Defense Secretary and Army Secretary Over Personnel Disputes]On April 20, as the Trump administration pushed for a military overhaul, internal power fractures within the Pentagon continued to widen. Defense Secretary Pete Hegseth and Army Secretary Dan Driscoll have engaged in multiple public conflicts over personnel appointments and power boundaries. Reports indicate that Dan Driscoll publicly supported the dismissed Army Chief of Staff Randy George during a congressional hearing, which was seen as a direct challenge to Pete Hegseth. Previously, Pete Hegseth had swiftly dismissed Randy George via phone during his vacation, causing a stir within the military. The core of the conflict stems from a series of personnel appointment controversies. Sources say that Pete Hegseth had requested the removal of certain officers from the promotion list, which was rejected by Dan Driscoll, leading to a rapid deterioration of their relationship. Subsequently, the internal power struggle within the Pentagon regarding the appointments and authority of senior generals has escalated. Additionally, the Trump administration's previous bypassing of the Defense Department to directly involve Dan Driscoll in external affairs coordination is also seen as a significant factor exacerbating the conflict. Currently, this power struggle has affected the appointments of several senior generals and raised concerns about the stability of the U.S. military command structure.

Pentagon Division Becomes Public: Conflict Between Defense Secretary and Army Secretary Over Personnel Disputes

According to market news, Silicon Valley's Chuan sold 233,296 $HYPE at an average price of $41.46, totaling $9.67 million in $USDC, with profits exceeding $1.18 million. He currently still holds 8,529 $HYPE, valued at approximately $349,000.

[Silicon Valley's Chuan Cashes Out 233,296 HYPE, Profits Over $1.18 Million]According to market news, Silicon Valley's Chuan sold 233,296 $HYPE at an average price of $41.46, totaling $9.67 million in $USDC, with profits exceeding $1.18 million. He currently still holds 8,529 $HYPE, valued at approximately $349,000.

Silicon Valley's Chuan Cashes Out 233,296 HYPE, Profits Over $1.18 Million

On April 20, prominent developer and Yuga Labs Vice President 0xQuit posted on X that Aave's situation is dire and worsening, with multiple liquidity pools reaching 100% utilization, trapping depositors and putting the protocol at further risk of bad debt. If the price of ETH drops and Aave is unable to effectively liquidate (which is currently the case), it will ultimately lead to inefficient liquidations and more bad debt. If the issue is not resolved quickly, the situation could snowball.

[Aave Faces Increased Bad Debt Risk if ETH Price Plummets]On April 20, prominent developer and Yuga Labs Vice President 0xQuit posted on X that Aave's situation is dire and worsening, with multiple liquidity pools reaching 100% utilization, trapping depositors and putting the protocol at further risk of bad debt. If the price of ETH drops and Aave is unable to effectively liquidate (which is currently the case), it will ultimately lead to inefficient liquidations and more bad debt. If the issue is not resolved quickly, the situation could snowball.

Aave Faces Increased Bad Debt Risk if ETH Price Plummets

According to the Financial Times, officials from central banks around the world have warned that dollar stablecoins pose two core risks: first, they may accelerate the dollarization process in emerging markets, undermining local currency sovereignty; second, they are susceptible to being used for money laundering and other criminal activities, exacerbating illegal financial risks.

[Central Bank Officials Worldwide: Two Core Risks of Dollar Stablecoins]According to the Financial Times, officials from central banks around the world have warned that dollar stablecoins pose two core risks: first, they may accelerate the dollarization process in emerging markets, undermining local currency sovereignty; second, they are susceptible to being used for money laundering and other criminal activities, exacerbating illegal financial risks.

Central Bank Officials Worldwide: Two Core Risks of Dollar Stablecoins

On April 20, Goldman Sachs released a report indicating that Hong Kong is set to reclaim the top spot in the global equity financing market by 2025. As we enter 2026, the momentum for Hong Kong IPOs is accelerating. So far this year, 40 companies have gone public, raising $14 billion, a year-on-year increase of 488%. Currently, there are about 400 active applications, highlighting the high confidence among issuers. Goldman Sachs' analysis shows that existing capital is sufficient to absorb the new issuances. The bank expects the total equity supply for the entire year of 2026 to reach $110 billion, with $60 billion coming from new IPOs and $50 billion from post-IPO financing. Goldman Sachs believes that the revival of IPO activity in Hong Kong could drive better growth for the Hong Kong Stock Exchange and mainland brokers with more overseas operations. (Dongxin News Agency)

[Goldman Sachs: Hong Kong IPO Fundraising Expected to Reach $60 Billion This Year]On April 20, Goldman Sachs released a report indicating that Hong Kong is set to reclaim the top spot in the global equity financing market by 2025. As we enter 2026, the momentum for Hong Kong IPOs is accelerating. So far this year, 40 companies have gone public, raising $14 billion, a year-on-year increase of 488%. Currently, there are about 400 active applications, highlighting the high confidence among issuers. Goldman Sachs' analysis shows that existing capital is sufficient to absorb the new issuances. The bank expects the total equity supply for the entire year of 2026 to reach $110 billion, with $60 billion coming from new IPOs and $50 billion from post-IPO financing. Goldman Sachs believes that the revival of IPO activity in Hong Kong could drive better growth for the Hong Kong Stock Exchange and mainland brokers with more overseas operations. (Dongxin News Agency)

Goldman Sachs: Hong Kong IPO Fundraising Expected to Reach $60 Billion This Year

According to Coindesk, Metropolitan Commercial Bank is close to exiting completely from the cryptocurrency market, with only $278.5 million in crypto-related deposits left, according to a filing with the Securities and Exchange Commission (SEC) from April 18. “Our previously announced exit from the crypto related vertical is almost complete,” the filing states, noting that its total core deposits, excluding crypto clients, were $4.9 billion at March 31. The New York-based bank’s parent company, Metropolitan Bank Holding (MBH), announced in January that it was terminating crypto-related services after recent developments in the industry and regulatory pressure.

Detail

【Metropolitan Commercial Bank Is Almost Done Exiting Crypto Business】According to Coindesk, Metropolitan Commercial Bank is close to exiting completely from the cryptocurrency market, with only $278.5 million in crypto-related deposits left, according to a filing with the Securities and Exchange Commission (SEC) from April 18. “Our previously announced exit from the crypto related vertical is almost complete,” the filing states, noting that its total core deposits, excluding crypto clients, were $4.9 billion at March 31. The New York-based bank’s parent company, Metropolitan Bank Holding (MBH), announced in January that it was terminating crypto-related services after recent developments in the industry and regulatory pressure.

Metropolitan Commercial Bank Is Almost Done Exiting Crypto Business

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Metropolitan Commercial Bank Is Almost Done Exiting Crypto Business

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

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