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On April 17, Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services, allowing businesses and high-net-worth clients to convert between fiat currency and stablecoins directly through SGB accounts, enabling instant settlement around the clock without relying on traditional banking processes. This service is integrated into SGB's proprietary clearing network, SGB Net, facilitating seamless on-chain and off-chain fund flows. The initial support is for USD Coin (USDC), with a minimum transaction amount of $100,000, and future support will include USDT, USDe (Ethena), and Global Dollar (USDG).

[Singapore Gulf Bank Launches Stablecoin Minting and Redemption Services]On April 17, Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services, allowing businesses and high-net-worth clients to convert between fiat currency and stablecoins directly through SGB accounts, enabling instant settlement around the clock without relying on traditional banking processes. This service is integrated into SGB's proprietary clearing network, SGB Net, facilitating seamless on-chain and off-chain fund flows. The initial support is for USD Coin (USDC), with a minimum transaction amount of $100,000, and future support will include USDT, USDe (Ethena), and Global Dollar (USDG).

Singapore Gulf Bank Launches Stablecoin Minting and Redemption Services

On April 17, CoinDesk reported that Glassnode's Bitcoin on-chain metric, the RHODL ratio, is currently at 4.5, marking the third highest level on record. The signals it emits are more indicative of a market bottom rather than a cycle top. The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period and reduced speculative activity, rather than an influx of new buyers—this dynamic has been observed following significant corrections in 2015, 2019, and 2022. During the past six months, Bitcoin has seen a 50% decline, during which a substantial amount of younger speculative holdings have been cleared out, concentrating wealth among long-term holders. Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, suggesting that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires a near-complete exhaustion of short-term holder activity, which is not currently evident—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high. Overall, this indicator suggests that the current market conditions are more aligned with a correction within the cycle rather than a cycle top, and the resurgence of long-term holders in the market may indicate that a phase bottom is approaching.

[Bitcoin RHODL Ratio Reaches Third Highest in History, Suggesting Possible Bottom Formation]On April 17, CoinDesk reported that Glassnode's Bitcoin on-chain metric, the RHODL ratio, is currently at 4.5, marking the third highest level on record. The signals it emits are more indicative of a market bottom rather than a cycle top. The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period and reduced speculative activity, rather than an influx of new buyers—this dynamic has been observed following significant corrections in 2015, 2019, and 2022. During the past six months, Bitcoin has seen a 50% decline, during which a substantial amount of younger speculative holdings have been cleared out, concentrating wealth among long-term holders. Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, suggesting that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires a near-complete exhaustion of short-term holder activity, which is not currently evident—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high. Overall, this indicator suggests that the current market conditions are more aligned with a correction within the cycle rather than a cycle top, and the resurgence of long-term holders in the market may indicate that a phase bottom is approaching.

Bitcoin RHODL Ratio Reaches Third Highest in History, Suggesting Possible Bottom Formation

On April 17, Singapore Gulf Bank (SGB) announced the launch of its stablecoin issuance and redemption services. Corporate and high-net-worth clients can now directly exchange between fiat currency and stablecoins through their SGB accounts, achieving real-time settlement around the clock without relying on traditional banking processes. To support this launch, SGB has taken the lead in the banking industry by waiving gas fees and bank charges for users minting and redeeming tokens on Solana for a limited time. At the end of the promotional period, clients will also receive rewards based on their transaction volume. SGB CEO Chen Shao'en stated, "The challenges of cross-border capital allocation and placement have become key factors limiting client growth. By directly integrating stablecoin issuance/redemption into the banking system, we achieve real-time conversion between fiat and digital assets. We are building a bank for a borderless world." The service has been integrated into SGB's proprietary clearing network, SGB Net, allowing seamless flow of funds between on-chain and off-chain environments. Initially, it will support USDC transactions over $100,000, with plans to later include USDT, USDe (Ethena), and Global Dollar (USDG).

[Singapore Gulf Bank Launches Stablecoin Minting and Redemption Services]On April 17, Singapore Gulf Bank (SGB) announced the launch of its stablecoin issuance and redemption services. Corporate and high-net-worth clients can now directly exchange between fiat currency and stablecoins through their SGB accounts, achieving real-time settlement around the clock without relying on traditional banking processes. To support this launch, SGB has taken the lead in the banking industry by waiving gas fees and bank charges for users minting and redeeming tokens on Solana for a limited time. At the end of the promotional period, clients will also receive rewards based on their transaction volume. SGB CEO Chen Shao'en stated, "The challenges of cross-border capital allocation and placement have become key factors limiting client growth. By directly integrating stablecoin issuance/redemption into the banking system, we achieve real-time conversion between fiat and digital assets. We are building a bank for a borderless world." The service has been integrated into SGB's proprietary clearing network, SGB Net, allowing seamless flow of funds between on-chain and off-chain environments. Initially, it will support USDC transactions over $100,000, with plans to later include USDT, USDe (Ethena), and Global Dollar (USDG).

On April 17, according to HTX market data, as Bitcoin surged again to surpass $75,000, currently quoted at $75,874, Strategy's Bitcoin holdings have turned profitable, with current unrealized gains of approximately $232 million. As of April 12, 2026, Strategy holds a total of 780,897 Bitcoins, with a total acquisition cost of approximately $59.02 billion, averaging about $75,577 per Bitcoin.

[Strategy Bitcoin Holdings Turn Profitable, Current Unrealized Gains Approximately $232 Million]On April 17, according to HTX market data, as Bitcoin surged again to surpass $75,000, currently quoted at $75,874, Strategy's Bitcoin holdings have turned profitable, with current unrealized gains of approximately $232 million. As of April 12, 2026, Strategy holds a total of 780,897 Bitcoins, with a total acquisition cost of approximately $59.02 billion, averaging about $75,577 per Bitcoin.

Strategy Bitcoin Holdings Turn Profitable, Current Unrealized Gains Approximately $232 Million

Market data shows that BTC has surpassed $76,000, currently priced at $76,098.75, with a 24-hour increase of 1.63%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Surpasses $76,000]Market data shows that BTC has surpassed $76,000, currently priced at $76,098.75, with a 24-hour increase of 1.63%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Surpasses $76,000

On April 17, news emerged that a study by OpenAI, covering over 900 occupations, indicates that the disruptions caused by AI in the labor market may not be as tragic as many expect. The report highlights that while jobs such as data entry, bookkeeping, and customer service face a high risk of automation (approximately 18% of total employment), workers in these fields are utilizing AI to handle about three times the workload compared to other professions, and the unemployment rate in these areas is rising at a slower pace than in low-risk occupations. This counterintuitive phenomenon is attributed to 'consumption elasticity': when AI makes the output of a task (like coding) cheaper and faster, the overall market demand for that service often grows exponentially, offsetting the job loss pressure from increased efficiency. The report categorizes occupations into four groups: aside from the aforementioned high-risk group, 46% of jobs (such as teachers and domestic workers) are minimally affected; 24% of roles may see a reduction in scale but still require human oversight; and 12% of professions (like software development) are expected to expand due to the proliferation of AI. Currently, workers in high-risk occupations are utilizing less than a quarter of AI's theoretical capabilities.

[OpenAI Employment Research Report: AI May Create Jobs Rather Than Cause Unemployment Surge]On April 17, news emerged that a study by OpenAI, covering over 900 occupations, indicates that the disruptions caused by AI in the labor market may not be as tragic as many expect. The report highlights that while jobs such as data entry, bookkeeping, and customer service face a high risk of automation (approximately 18% of total employment), workers in these fields are utilizing AI to handle about three times the workload compared to other professions, and the unemployment rate in these areas is rising at a slower pace than in low-risk occupations. This counterintuitive phenomenon is attributed to 'consumption elasticity': when AI makes the output of a task (like coding) cheaper and faster, the overall market demand for that service often grows exponentially, offsetting the job loss pressure from increased efficiency. The report categorizes occupations into four groups: aside from the aforementioned high-risk group, 46% of jobs (such as teachers and domestic workers) are minimally affected; 24% of roles may see a reduction in scale but still require human oversight; and 12% of professions (like software development) are expected to expand due to the proliferation of AI. Currently, workers in high-risk occupations are utilizing less than a quarter of AI's theoretical capabilities.

OpenAI Employment Research Report: AI May Create Jobs Rather Than Cause Unemployment Surge

On April 17, OpenAI released new data indicating a historic shift in the user demographics of ChatGPT. When the ChatGPT application was launched in 2022, the male user percentage was about 80%, while female users accounted for around 20%. Currently, female users have surpassed male users, making up over 50% of the total. According to IT Home, this means that nearly 500 million women are regularly using the tool based on the current weekly active user count, and the total number of ChatGPT users is approaching 1 billion. (Dongxin News Agency)

[ChatGPT Global Weekly Active Users Approaching 1 Billion, Female Users Exceed 50%]On April 17, OpenAI released new data indicating a historic shift in the user demographics of ChatGPT. When the ChatGPT application was launched in 2022, the male user percentage was about 80%, while female users accounted for around 20%. Currently, female users have surpassed male users, making up over 50% of the total. According to IT Home, this means that nearly 500 million women are regularly using the tool based on the current weekly active user count, and the total number of ChatGPT users is approaching 1 billion. (Dongxin News Agency)

ChatGPT Global Weekly Active Users Approaching 1 Billion, Female Users Exceed 50%

On April 17, Brent crude oil futures plunged over 2%, settling at $97.322 per barrel. (Dongxin News Agency)

[Brent Oil Plummets Over 2%]On April 17, Brent crude oil futures plunged over 2%, settling at $97.322 per barrel. (Dongxin News Agency)

Brent Oil Plummets Over 2%

On April 17, according to HTX market data, SIREN surged over 174% from $0.83, spiking to $2.278, before plummeting 88% to a current price of $0.271. Additionally, data from Coinglass shows that SIREN experienced $7.14 million in liquidations over the past 24 hours, with $3.75 million in long positions and $3.4 million in short positions being liquidated.

[SIREN Surges Over 174% Then Plummets 88% to $0.271, $7.14 Million Liquidated in Last 24 Hours]On April 17, according to HTX market data, SIREN surged over 174% from $0.83, spiking to $2.278, before plummeting 88% to a current price of $0.271. Additionally, data from Coinglass shows that SIREN experienced $7.14 million in liquidations over the past 24 hours, with $3.75 million in long positions and $3.4 million in short positions being liquidated.

SIREN Surges Over 174% Then Plummets 88% to $0.271, $7.14 Million Liquidated in Last 24 Hours

Openfort, a crypto infrastructure startup, has raised $3 million in seed funding to develop its "wallet-as-a-service" software product for game developers and publishers. The firm aims to offer video game studios "frictionless" wallet technology that is compatible with browser games, PC games built in Unity and Unreal Engine 5, and mobile games.

[Openfort Raises $3 Million to Develop "Wallet-as-a-Service" for Game Developers and Publishers]Openfort, a crypto infrastructure startup, has raised $3 million in seed funding to develop its "wallet-as-a-service" software product for game developers and publishers. The firm aims to offer video game studios "frictionless" wallet technology that is compatible with browser games, PC games built in Unity and Unreal Engine 5, and mobile games.

Openfort Raises $3 Million to Develop "Wallet-as-a-Service" for Game Developers and Publishers

Article

edge soared to 1.2742 USDT, a new high with a 24-hour increase of 13.45%. It currently trades at 1.1689 USDT on HTX.

edge currently trades at 1.1689 USDT, up 13.45% in 24h, according to HTX market data.

CertiK: Rhea Finance Attacked, Losses Estimated at Approximately $7.6 Million

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Openfort Raises $3 Million to Develop "Wallet-as-a-Service" for Game Developers and Publishers

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