Bitcoin

Cango disclosed that it sold 2,000 Bitcoins in March, and its Bitcoin reserves dropped to 1,025.69 coins

Cango, a US-listed Bitcoin mining company, released its March operating update report, which revealed that it produced 27.98 BTC from self-mining in March and completed a strategic sale of 2,000 Bitcoins. The proceeds were used to repay BTC mortgage loans. As of the end of March, the company’s outstanding Bitcoin mortgage loans totaled US$30.6 million, and its Bitcoin reserves dropped to 1,025.69.

Strategy: The number of Bitcoins accumulated so far this year has reached 2.2 times the natural supply of the market

On April 7, the Bitcoin treasury company Strategy published data on the

Loss of nearly US$5 billion in 2025, SpaceX still holds US$603 million worth of Bitcoin

On April 12, according to Arkham data and a report released by "The Information" on Friday night, SpaceX currently holds 8,285 Bitcoins in the Coinbase Prime custody account, worth approximately US$603 million. At the same time, the company will lose nearly US$5 billion in 2025. This loss is completely different from the previous year. SpaceX will achieve a profit of approximately US$8 billion in 2024, with revenue estimated to be between US$15 billion and US$16 billion. Although revenue will increase to US$18.5 billion in 2025, Musk's artificial intelligence company xAI was merged into SpaceX in February this year, resulting in integration costs that exceeded revenue growth. Despite the massive losses, SpaceX’s Bitcoin holdings have remained unchanged. CoinDesk's analysis of transfer records shows that the last major movement of funds occurred about four months ago and was a mere rebalancing operation of 614 and 1,021 Bitcoin between SpaceX's internal wallets. Position size has remained stable since mid-2024, having previously topped $1.6 billion in October 2025 when Bitcoin hit all-time highs. SpaceX currently has the fourth largest known corporate Bitcoin holdings in the world, behind Strategy, Marathon Digital and Riot Platforms. SpaceX has filed for an IPO, at which time its Bitcoin holdings will appear in public filings for the first time and may be subject to fair value accounting under new FASB standards that take effect at the end of 2025.

Strategy added 3,447 Bitcoins through STRC

According to market news, Strategy yesterday added 3,447 Bitcoins through its perpetual preferred stock product STRC, worth US$250 million. This is equivalent to the last 8 days of newly mined Bitcoin supply being removed from the market.

Michael Saylor: Bitcoin may have hit bottom, quantum risks are exaggerated

On April 9, Strategy founder Michael Saylor said that Bitcoin may have bottomed out near $60,000 in early February, when traders who were forced to sell had been purged from the market. The bottom is determined more by seller depletion than valuation. He believes that the current selling pressure is limited, ETF fund inflows are absorbing daily supply, and companies' allocation of financial assets to Bitcoin also brings continued demand. Michael Saylor predicts that the catalyst for the next bull market will be the formation of a bank credit and digital credit system built on Bitcoin, which will transform Bitcoin from a non-interest-bearing asset into a capital market engine. Regarding the recently hotly discussed threat of quantum computing, he believes that the risk has been exaggerated, and that quantum threats are still at the theoretical level and are likely to not appear for decades. There will be solutions then too. Mizuho maintains its outperform rating and $320 price target on Strategy, which represents about 150% upside from the current stock price of $127.

Ethereum

Bitmine increased its holdings of 71,252 ETH last week, and its total holdings increased to approximately 4.803 million ETH

Ethereum treasury company Bitmine Immersion Technologies disclosed that it increased its holdings of 71,252 ETH last week. The company’s current crypto asset holdings include 4,803,334 ETH, 198 BTC, Eightco Holdings shares worth US$92 million, and Beast Industries shares worth US$200 million. In addition, the company has a total of 3,334,637 ETH staked (based on $2,123 per ETH, a total of $7.1 billion).

Ethereum Foundation: Plans to sell 5,000 ETH to fund research and development, grants and donations

On April 8, the Ethereum Foundation issued a document on the

The Ethereum Foundation has sold 5,000 ETH

On April 11, according to Onchain Lens monitoring, the Ethereum Foundation sold all 5,000 ETH at a price of $2,221 in exchange for 11,100,000 DAI.

Other projects

HSBC plans to launch Hong Kong dollar-denominated stablecoin in the second half of 2026

On April 10, HSBC stated that it welcomed the Hong Kong Monetary Authority’s issuance of a stable currency issuance license. It plans to launch a Hong Kong dollar-denominated stablecoin in the second half of 2026.

Polygon Labs is negotiating to raise US$100 million to support its payments business

According to people familiar with the matter, blockchain developer Polygon Labs is in early discussions with investors and plans to raise up to $100 million in funding to build a new stablecoin payment business. Polygon is the underlying blockchain for the prediction market Polymarket and other encryption platforms. This financing negotiation comes at a time when the cryptocurrency market is down. For Polygon, expanding into new businesses will help it escape from the stagnant cryptocurrency market and achieve business diversification.

Pharos Network completes US$44 million in Series A financing

On April 8, Pharos Network, a Layer 1 blockchain network for institutional-level financial scenarios, announced the completion of a $44 million Series A financing, jointly led by a number of undisclosed leading institutions, including Asian private equity funds, new energy listed companies, and Hong Kong compliant financial institutions. Sumitomo Corporation subsidiaries, crypto-native institutions SNZ, Chainlink and Flow Traders participated in the investment, and the funds will be used to accelerate the construction of on-chain real world asset (RWA) infrastructure in Asia and globally. Prior to this round of financing, Pharos had completed an $8 million seed round in November 2024, led by Lightspeed Faction and Hack VC, with participation from other investors, bringing the total raised to $52 million. The Pharos testnet will be launched in May 2025, and developers can develop and test applications based on this platform.

Circle’s Arc public chain released a post-quantum cryptography roadmap, covering full-stack upgrades from wallets to validators

On April 6, according to the official blog, Arc, Circle's institutional-level blockchain, released a phased upgrade roadmap for post-quantum cryptography (PQ). It plans to introduce a post-quantum signature scheme when the main network goes online, and gradually cover the full stack level of private state protection, infrastructure reinforcement, and validator certification. The Arc mainnet will support post-quantum signatures at the beginning of its launch and adopt an optional access (opt-in) mechanism. There is no need for forced migration or network-wide reset. Users can independently create wallets with long-term security. The immediate goal is to extend quantum resistance to the private virtual machine (VM) layer to protect private balances, private transactions and private payees. The public key will be encapsulated in an additional symmetric encryption layer in privacy mode. The mid-term plan is to promote the upgrade of the infrastructure layer and align it with industry standards such as TLS 1.3, covering access control, cloud environment and hardware security modules (HSM). The long-term goal is to complete the reinforcement of validator signatures. Given that the final confirmation time of Arc block generation is less than 1 second, the current assessment believes that the risk of quantum attacks in this link is relatively limited, and will be steadily advanced after the quantum consensus tool chain matures. Circle also warned that attackers may adopt a "collect now, decrypt later" strategy, and organizations should plan cryptography migration paths as early as possible.

Dingdian Financial Technology will launch the Hong Kong dollar-backed stablecoin HKDAP in phases in Q2 this year

Animoca Brands announced on the

The Bank of England plans to discuss Anthropic’s Mythos model with major banks

On April 11, people familiar with the matter revealed that the Bank of England plans to discuss the impact of Anthropic’s new artificial intelligence model with financial institutions. British regulators are joining their counterparts in the United States and elsewhere in warning of the risks posed by the tool. Anthropic’s Mythos model will be on the agenda of the Bank of England’s next Cross Market Operational Resilience Group and CMORG Artificial Intelligence Task Force meetings, both scheduled to take place in the next two weeks. The Federal Reserve and the Treasury Department have held emergency meetings in this regard, and the Bank of Canada also held a meeting with banks and financial companies on Friday to discuss the cybersecurity risks posed by Mythos. The meetings reflected growing concerns among regulators that a new type of cyberattack is becoming one of the biggest risks facing the financial industry. (Golden Ten)