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On April 17, the CEO of Anthropic will meet with the White House Chief of Staff on Friday. (AXIOS)

[Anthropic CEO to Meet with White House Chief of Staff on Friday]On April 17, the CEO of Anthropic will meet with the White House Chief of Staff on Friday. (AXIOS)

Anthropic CEO to Meet with White House Chief of Staff on Friday

According to monitoring by Dongcha Beating, xAI plans to provide large-scale computing power support to AI programming startup Cursor, allowing it to train the latest programming model, Composer 2.5, on xAI's infrastructure. As reported by Business Insider, Cursor will utilize tens of thousands of GPUs from xAI's 'Colossus' data center. This arrangement marks a significant strategic shift for xAI: by renting out surplus computing power, xAI is expanding from a pure model developer to a cloud service provider role similar to AWS and CoreWeave. The background of this collaboration is complex. In March of this year, xAI poached two product engineering directors from Cursor to lead its product team. Additionally, an internal memo from xAI shows that its current GPU utilization (MFU) is only 11%, far below the industry average of 35% to 45%. xAI President Michael Nicolls has requested the team to increase utilization to 50% within a few months. Opening computing power to external unicorns not only helps share the expensive operational costs of data centers but also provides valuable engineering feedback through services for top programming agents. Currently, Cursor is in financing negotiations with a valuation of $50 billion. In the context of OpenAI and Anthropic aggressively entering the programming assistant space, leveraging xAI's computing resources has become a key factor in maintaining its competitive advantage.

[Musk's xAI Shifts to 'Cloud Provider' Role, Opens Thousands of GPUs to AI Programming Unicorn Cursor]According to monitoring by Dongcha Beating, xAI plans to provide large-scale computing power support to AI programming startup Cursor, allowing it to train the latest programming model, Composer 2.5, on xAI's infrastructure. As reported by Business Insider, Cursor will utilize tens of thousands of GPUs from xAI's 'Colossus' data center. This arrangement marks a significant strategic shift for xAI: by renting out surplus computing power, xAI is expanding from a pure model developer to a cloud service provider role similar to AWS and CoreWeave. The background of this collaboration is complex. In March of this year, xAI poached two product engineering directors from Cursor to lead its product team. Additionally, an internal memo from xAI shows that its current GPU utilization (MFU) is only 11%, far below the industry average of 35% to 45%. xAI President Michael Nicolls has requested the team to increase utilization to 50% within a few months. Opening computing power to external unicorns not only helps share the expensive operational costs of data centers but also provides valuable engineering feedback through services for top programming agents. Currently, Cursor is in financing negotiations with a valuation of $50 billion. In the context of OpenAI and Anthropic aggressively entering the programming assistant space, leveraging xAI's computing resources has become a key factor in maintaining its competitive advantage.

Musk's xAI Shifts to 'Cloud Provider' Role, Opens Thousands of GPUs to AI Programming Unicorn Cursor

According to monitoring by Beating, multiple users have discovered that the model selection menu on xAI's official website, Grok.com, now includes an option for 'Grok 4.3 (beta)', labeled as 'Early Access'. Previously, the main version on the xAI web platform was the Grok 4.20 series released in February. The core improvements of Grok 4.3 are expected to focus on ultra-long context processing capabilities and native multimodal video understanding.

[xAI Silent Testing Grok 4.3: Beta Version Appears in Official Website Dropdown Menu]According to monitoring by Beating, multiple users have discovered that the model selection menu on xAI's official website, Grok.com, now includes an option for 'Grok 4.3 (beta)', labeled as 'Early Access'. Previously, the main version on the xAI web platform was the Grok 4.20 series released in February. The core improvements of Grok 4.3 are expected to focus on ultra-long context processing capabilities and native multimodal video understanding.

xAI Silent Testing Grok 4.3: Beta Version Appears in Official Website Dropdown Menu

On April 17, according to HTX market data, Bitcoin has surpassed $76,000, with a 24-hour increase of 1.7%.

[Bitcoin Surpasses $76,000]On April 17, according to HTX market data, Bitcoin has surpassed $76,000, with a 24-hour increase of 1.7%.

Bitcoin Surpasses $76,000

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

June 27 (Huobi) - Zimbabwe's gold-backed digital token, issued by the Reserve Bank of Zimbabwe on May 8th to stabilize the local currency, may not be enough to solve the country's currency woes, according to two economists. The token's value rose to 1,109 new Zim dollars on the day of its issuance, but demand has since decreased with only 35 new applications in June. Experts suggest that Zimbabwe needs to implement sound macroeconomic policies to address its currency issues, and the International Monetary Fund has expressed uncertainty about the effectiveness of the initiative.

[Experts Doubt Zimbabwe's Gold-Backed Digital Token Will Stabilize Local Currency]June 27 (Huobi) - Zimbabwe's gold-backed digital token, issued by the Reserve Bank of Zimbabwe on May 8th to stabilize the local currency, may not be enough to solve the country's currency woes, according to two economists. The token's value rose to 1,109 new Zim dollars on the day of its issuance, but demand has since decreased with only 35 new applications in June. Experts suggest that Zimbabwe needs to implement sound macroeconomic policies to address its currency issues, and the International Monetary Fund has expressed uncertainty about the effectiveness of the initiative.

Experts Doubt Zimbabwe's Gold-Backed Digital Token Will Stabilize Local Currency

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.

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Experts Doubt Zimbabwe's Gold-Backed Digital Token Will Stabilize Local Currency

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