Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.

Bitwise filed an amendment for its spot Hyperliquid ETF with the SEC on April 11, adding the trading code BHYP, with a management fee of 0.67%. Analysts noted that these updates often signal that a product is about to launch. Bitwise, Grayscale, and 21Shares are competing for the right to issue the first Hyperliquid spot ETF.

On April 11, DefiLlama data shows that crypto startups raised $76.0 million in funding this week, bringing 2026’s total to nearly $500 million. Major deals include Pharos’s $44.0 million Series A round, Oh’s $7.5 million Series A round, and Kulipa’s $6.2 million seed round, covering blockchain, Web3 AI, and crypto wallet services.

Circle released its 2026 Internet Finance Development Vision on April 10, aiming to build cross-chain interoperability infrastructure to improve capital liquidity and asset issuance capabilities. In the future, it will roll out sub-second settlement functionality and expand to more assets, while simplifying multi-chain operation processes to enhance the user experience.

According to DefiLlama data, on April 10 on-chain Perp DEX market trading volume fell, with Aster’s trading volume in second place. The major trading volume rankings were, in order: Hyperliquid, TradeXYZ, and Aster.

ING analyst Francesco Pesole said that if U.S. March CPI were to accelerate sharply due to energy prices rising after the Iran war, the dollar could receive support. He noted that whether core inflation shows any second-round effects will be crucial for the Federal Reserve’s policy in the coming months.

Gate News message, on April 10, HSBC said it welcomes the Hong Kong Monetary Authority’s issuance of a stablecoin issuance license and plans to launch a Hong Kong dollar–denominated stablecoin in the second half of 2026.

Gate News message. On April 10, according to Gate market data, as of the time of writing, MON (MON Protocol) is trading at $0.03414. In the past 24 hours, it is up 14.31%. It reached a high of $0.03494 and fell to a low of $0.02915. The 24-hour trading volume was $4.6408 million. Its current market cap is approximately $370 million. MON Protocol is a high-performance Layer 1 blockchain built to support next-generation decentralized applications. As an Ethereum-compatible chain, Monad provides 10,000 TPS, sub-second finality, low fees, and scalable decentralization. The project is committed to accelerating decentralization by building blockchains that are 100 times, or even 1,000 times, faster than the closest competing rivals.

Telegram founder Pavel Durov announced that the TON public chain has completed a major upgrade. Overall processing speed has increased by about 10x, block generation speed has improved by 6x, and transaction confirmations reach sub-second level. This is the first step of the “Make TON Great Again” plan; in the future, transaction fees will be further reduced by about 6x.

Gate News message, April 9, Goldman Sachs said that given the decline in risk premium at the front end of the curve, and that crude oil volumes transiting the Suez Canal have started to increase, it has lowered its second-quarter price forecasts for Brent crude (the global oil price benchmark) and WTI crude (the U.S. oil price benchmark) to $90 per barrel and $87 per barrel, respectively.