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On April 20, Matthew Sigel, Head of Digital Asset Research at VanEck, posted on social media that as Bitcoin miners increasingly venture into AI infrastructure, GUC, the world's largest turnkey Bitcoin ASIC design partner, has successfully transformed into the largest design partner for AI-driven CPUs, with clients including Google, Microsoft, and the upcoming xAI. Benefiting from the rising adoption of AI agents, market expectations for the CPU ecosystem continue to be upgraded: Morgan Stanley predicts that Google's CPU shipments will reach 1.5 million units by 2026, double the HSBC benchmark forecast of 700,000 units made three months ago, primarily due to the market's accelerated shift from traditional x86 architecture. Driven by this momentum, GUC's stock surged 10% last night, reaching a historic high.

[From Mining Chips to AI Brains: GUC Becomes Core Design Partner for Google and Microsoft, Stock Surges 10% to Historic High]On April 20, Matthew Sigel, Head of Digital Asset Research at VanEck, posted on social media that as Bitcoin miners increasingly venture into AI infrastructure, GUC, the world's largest turnkey Bitcoin ASIC design partner, has successfully transformed into the largest design partner for AI-driven CPUs, with clients including Google, Microsoft, and the upcoming xAI. Benefiting from the rising adoption of AI agents, market expectations for the CPU ecosystem continue to be upgraded: Morgan Stanley predicts that Google's CPU shipments will reach 1.5 million units by 2026, double the HSBC benchmark forecast of 700,000 units made three months ago, primarily due to the market's accelerated shift from traditional x86 architecture. Driven by this momentum, GUC's stock surged 10% last night, reaching a historic high.

From Mining Chips to AI Brains: GUC Becomes Core Design Partner for Google and Microsoft, Stock Surges 10% to Historic High

DefiLlama founder 0xngmi addressed the Aave TVL controversy in a post on platform X. He stated that the current market view that Aave's TVL is overstated due to looping is not accurate. When calculating TVL, borrowed assets are excluded, so looping operations do not inflate the TVL. For example, if a user deposits $1 million in ETH, it counts towards the TVL, while another user deposits $1 million in stETH and borrows $1 million in assets, it corresponds to '+$1 million -$1 million', resulting in a final TVL of still $1 million. DefiLlama has proactively excluded instances of double counting. Previously, it was found that Ethena's collateral assets deposited into Aave and subsequently looped by users had led to an inflated TVL, and thus, those deposits have been removed from Aave's TVL. The community's related doubts lack basis.

[DefiLlama Founder Responds to Aave TVL Controversy: Looping Impact Excluded, Related Doubts Unfounded]DefiLlama founder 0xngmi addressed the Aave TVL controversy in a post on platform X. He stated that the current market view that Aave's TVL is overstated due to looping is not accurate. When calculating TVL, borrowed assets are excluded, so looping operations do not inflate the TVL. For example, if a user deposits $1 million in ETH, it counts towards the TVL, while another user deposits $1 million in stETH and borrows $1 million in assets, it corresponds to '+$1 million -$1 million', resulting in a final TVL of still $1 million. DefiLlama has proactively excluded instances of double counting. Previously, it was found that Ethena's collateral assets deposited into Aave and subsequently looped by users had led to an inflated TVL, and thus, those deposits have been removed from Aave's TVL. The community's related doubts lack basis.

DefiLlama Founder Responds to Aave TVL Controversy: Looping Impact Excluded, Related Doubts Unfounded

On April 20, an informed source from Iran who participated in the first round of US-Iran negotiations told reporters that as of 3 PM local time (7:30 PM Beijing time) on the 20th, Iran has not decided whether to participate in the second round of negotiations due to the continuous changes in the US's words and actions, leading to a 'deep mistrust' of the US. The source pointed out that the US attack on Iranian commercial vessels on the 19th has further complicated the situation. (CCTV News)

[Iran's Latest Response on US-Iran Negotiations: No Decision Yet on Participation]On April 20, an informed source from Iran who participated in the first round of US-Iran negotiations told reporters that as of 3 PM local time (7:30 PM Beijing time) on the 20th, Iran has not decided whether to participate in the second round of negotiations due to the continuous changes in the US's words and actions, leading to a 'deep mistrust' of the US. The source pointed out that the US attack on Iranian commercial vessels on the 19th has further complicated the situation. (CCTV News)

Iran's Latest Response on US-Iran Negotiations: No Decision Yet on Participation

On April 20, Hassett, the Director of the National Economic Council at the White House, stated that Trump said peace talks with Iran will take place. (Jin Shi)

[Hassett: Trump Says Peace Talks with Iran Will Take Place]On April 20, Hassett, the Director of the National Economic Council at the White House, stated that Trump said peace talks with Iran will take place. (Jin Shi)

Hassett: Trump Says Peace Talks with Iran Will Take Place

On April 20, Strategy purchased 34,164 Bitcoins last week for a total of approximately $2.54 billion, at a unit price of about $74,395, achieving a 9.5% return on Bitcoin from 2026 to date. As of April 19, 2026, Strategy holds a total of 815,061 Bitcoins, valued at approximately $61.56 billion, with a unit price of about $75,527.

[Strategy Acquires 34,164 Bitcoins for $2.54 Billion Last Week]On April 20, Strategy purchased 34,164 Bitcoins last week for a total of approximately $2.54 billion, at a unit price of about $74,395, achieving a 9.5% return on Bitcoin from 2026 to date. As of April 19, 2026, Strategy holds a total of 815,061 Bitcoins, valued at approximately $61.56 billion, with a unit price of about $75,527.

Strategy Acquires 34,164 Bitcoins for $2.54 Billion Last Week

Bloomberg's senior ETF analyst Eric Balchunas posted on platform X that Bitcoin ETF inflows have surpassed $1 billion this year, successfully reversing the previous trend of net outflows and achieving positive growth. The next key indicator to watch is the cumulative historical net inflow size (the most important and challenging metric), which previously peaked at $62.8 billion and is currently around $58 billion, leaving a gap of about $5 billion to reach a new all-time high. In the development of asset classes, it is crucial to control the scale of outflows during market downturns to reduce subsequent repair pressure; in this regard, the performance of spot Bitcoin ETFs has outperformed other popular asset classes.

[Bloomberg Analyst: Bitcoin ETF Inflows Exceed $1 Billion This Year]Bloomberg's senior ETF analyst Eric Balchunas posted on platform X that Bitcoin ETF inflows have surpassed $1 billion this year, successfully reversing the previous trend of net outflows and achieving positive growth. The next key indicator to watch is the cumulative historical net inflow size (the most important and challenging metric), which previously peaked at $62.8 billion and is currently around $58 billion, leaving a gap of about $5 billion to reach a new all-time high. In the development of asset classes, it is crucial to control the scale of outflows during market downturns to reduce subsequent repair pressure; in this regard, the performance of spot Bitcoin ETFs has outperformed other popular asset classes.

Bloomberg Analyst: Bitcoin ETF Inflows Exceed $1 Billion This Year

On April 20, cryptocurrency market analyst Axel posted on social media that on April 17, approximately $526 million in short positions were liquidated in the BTC futures market in a single day. The open interest (OI) did not rebuild leverage after reaching a peak of 319,499 BTC, instead falling back to 293,045 BTC. The liquidation dominance indicator has shifted from negative values for two consecutive weeks to positive, indicating the end of the systemic short squeeze phase. Current prices are stable in the range of $75,000 to $76,000 while OI is shrinking, creating a constructive structure of 'cooling down after a short squeeze' rather than a new round of overheating. The next focus will be whether OI will return above 300,000 BTC when prices attempt to break through.

[Analyst: BTC Futures Market Enters Healthy Deleveraging Phase After Liquidation Peak, OI Shrinkage Signals Positive Outlook]On April 20, cryptocurrency market analyst Axel posted on social media that on April 17, approximately $526 million in short positions were liquidated in the BTC futures market in a single day. The open interest (OI) did not rebuild leverage after reaching a peak of 319,499 BTC, instead falling back to 293,045 BTC. The liquidation dominance indicator has shifted from negative values for two consecutive weeks to positive, indicating the end of the systemic short squeeze phase. Current prices are stable in the range of $75,000 to $76,000 while OI is shrinking, creating a constructive structure of 'cooling down after a short squeeze' rather than a new round of overheating. The next focus will be whether OI will return above 300,000 BTC when prices attempt to break through.

Analyst: BTC Futures Market Enters Healthy Deleveraging Phase After Liquidation Peak, OI Shrinkage Signals Positive Outlook

On April 20, Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset initiated an empirical experiment for the digital collateral management of Japanese Government Bonds (JGB) based on the blockchain network Canton Network. The aim is to verify whether the transfer of JGB rights and account book updates can be successfully completed within a multi-tiered account structure under the existing transfer method framework. This experiment will interface with existing infrastructure to explore 24-hour real-time collateral transactions and cross-border collateral acceptance scenarios, without altering the legal attributes of JGB. Additionally, it will assess whether relevant regulations need to be revised to enhance collateral management efficiency and strengthen the usability of JGB in the digital asset space.

[Multiple Institutions in Japan Launch Digital Collateral Management Experiment for JGB on Canton Network]On April 20, Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset initiated an empirical experiment for the digital collateral management of Japanese Government Bonds (JGB) based on the blockchain network Canton Network. The aim is to verify whether the transfer of JGB rights and account book updates can be successfully completed within a multi-tiered account structure under the existing transfer method framework. This experiment will interface with existing infrastructure to explore 24-hour real-time collateral transactions and cross-border collateral acceptance scenarios, without altering the legal attributes of JGB. Additionally, it will assess whether relevant regulations need to be revised to enhance collateral management efficiency and strengthen the usability of JGB in the digital asset space.

Multiple Institutions in Japan Launch Digital Collateral Management Experiment for JGB on Canton Network

On April 20, according to an official announcement, the perpetual contract trading platform Pacifica in the Solana ecosystem has officially launched the Vaults feature on its testnet. Users can browse existing vaults and deposit funds to follow strategies for earnings, or they can create their own vaults, setting parameters such as deposit limits and profit-loss distribution ratios, and manage trades. Additionally, the official stated that all Pacifica users included in the snapshot on April 18 can enjoy a 3x loyalty points bonus each week. Currently, the platform has issued approximately 333 million points, with a weekly trading volume of $2.455 billion.

[Pacifica Launches Vaults Feature on Testnet for Users to Create or Join Strategy Vaults for Earnings]On April 20, according to an official announcement, the perpetual contract trading platform Pacifica in the Solana ecosystem has officially launched the Vaults feature on its testnet. Users can browse existing vaults and deposit funds to follow strategies for earnings, or they can create their own vaults, setting parameters such as deposit limits and profit-loss distribution ratios, and manage trades. Additionally, the official stated that all Pacifica users included in the snapshot on April 18 can enjoy a 3x loyalty points bonus each week. Currently, the platform has issued approximately 333 million points, with a weekly trading volume of $2.455 billion.

Pacifica Launches Vaults Feature on Testnet for Users to Create or Join Strategy Vaults for Earnings

Hong Kong Legislative Councillor Johnny Ng posted on social media, please see the key takeaways from my recent discussions and interviews in Hong Kong on Web3 and virtual asset policies:
1. HK's pioneering financial environment is evolving to support the virtual asset industry. New regulations invite global stakeholders to apply for licenses.
2. Monitoring &amp; control levels will adapt to industry developments. HK is open to suggestions &amp; committed to extending its openness, embracing industry feedback.
3. Don't underestimate HK's market size! As a global financial &amp; emerging tech hub, HK connects with cities worldwide, expanding its global reach.

Detail

【HK Legislator Johnny Ng: Hong Kong is changing its financial environment to support the virtual asset industry】Hong Kong Legislative Councillor Johnny Ng posted on social media, please see the key takeaways from my recent discussions and interviews in Hong Kong on Web3 and virtual asset policies:
1. HK's pioneering financial environment is evolving to support the virtual asset industry. New regulations invite global stakeholders to apply for licenses.
2. Monitoring &amp; control levels will adapt to industry developments. HK is open to suggestions &amp; committed to extending its openness, embracing industry feedback.
3. Don't underestimate HK's market size! As a global financial &amp; emerging tech hub, HK connects with cities worldwide, expanding its global reach.

HK Legislator Johnny Ng: Hong Kong is changing its financial environment to support the virtual asset industry

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Article

HK Legislator Johnny Ng: Hong Kong is changing its financial environment to support the virtual asset industry

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