Crypto-Related Stocks & US Market

MicroStrategy recently spent $2.5 billion to buy an additional 34,164 bitcoins. Its total holdings have surpassed 815k BTC, nearing Satoshi Nakamoto’s known amount. Analysts project that if it continues this pace of accumulation, MicroStrategy could become the world’s largest bitcoin holder within 9 to 14 months.

U.S. crypto adoption rose to 12% in March after hitting 7% in February, driven by positive Bitcoin ETF inflows. Despite recovery, sentiment is fragile, with many expecting lower Bitcoin prices in 2026, and adoption trends remain skewed towards men and higher-income groups.

South Korea’s semiconductor industry is changing its compensation culture due to the AI wave. SK hynix will set 10% of operating profit as performance bonuses, with an expected payout of up to 700 million won per employee. Compared with the dissatisfaction and planned strike by Samsung Electronics’ union, talent is flowing to hynix due to pay disparities. As market demand rises, both companies’ profit prospects look optimistic, but debates over how much corporations should give back to society are becoming increasingly intense.

Tether-affiliated entities invested $25 million in Antalpha, acquiring 8.2% ownership at the IPO price of $12.80 per share. Antalpha, a fintech platform for Bitcoin mining, reported strong financials, but shares fell over 27% post-disclosure.

According to a Reuters report on April 21, SpaceX’s offering memorandum disclosed a highly unusual executive pay comparison: the president and chief operating officer, Gwynne Shotwell, had total compensation of $85.80 million, placing her among the highest-paid executives in the United States; while the chief executive officer, Musk, who holds a large amount of SpaceX shares, had an annual salary of only $54,080.

According to data published by SoSoValue on April 21, 2026, U.S. Eastern Time on April 20, Bitcoin spot ETFs recorded a total net inflow of $238 million, marking the fifth consecutive trading day of net inflows; as of press time, the total net asset value of Bitcoin spot ETFs reached $100.33B.

AMD plans to collaborate with GlobalFoundries to develop a next-generation AI accelerator Instinct MI500 chiplet co-packaged optics solution, improving data center transmission efficiency and reducing power consumption and latency. This technology represents a strategic focus for future AI infrastructure, and it also drives increased demand across the related supply chain, including external laser light source suppliers such as Sivers and Lumentum. However, the specific details of the collaboration still need to be confirmed later.

Bitmine Immersion Technologies (BMNR) announced on April 20 that it purchased 101,627 Ethereum (ETH) last week, the largest week-over-week purchase since 2026, bringing its total ETH holdings to 4,976,000. Bitmine chairman Tom Lee said publicly that the crypto winter is closer to ending than the market expects.

Gate News update: The Gate TradFi Stocks section is now live, offering four stock CFD trading pairs—IWM (Russell 2000 ETF), VOO (S&P 500 ETF—Vanguard), IVV (S&P 500 ETF—iShares), and XPENG (XPeng Inc.—W 09868.HK). All pairs support 4x fixed leverage, with a minimum order size of 0.1. This section covers CFD derivatives trading for traditional financial assets. Users can trade in the TradFi section on the Gate platform.

SpaceX is progressing with its IPO plans, hosting a three-day analyst briefing at its facilities in Texas and Tennessee to raise $75 billion, potentially making it the largest IPO ever. Discussions are confidential, with strict rules for attendees.

The Smarter Web Company has completed a private placement of shares, raising about £153.74 million. The firm will retain 98.25% of the net proceeds, with 52,377,540 shares still unallocated.

MediaTek’s stock price has recently risen to 2,090 yuan, hitting a new high. The market is watching the company’s potential as it moves into the AI ASIC and custom chip markets. In March, the company’s revenue reached 63.22B yuan, and the growth signals strong fundamentals. Goldman Sachs forecasts MediaTek’s target price will rise to 2,454 yuan, expecting AI ASIC to become a major source of revenue in the future. With an upcoming earnings conference, the market is focused on a rebound in demand for smartphone chips and the revenue contribution from AI ASIC.

Victory Giant Technology Huizhou's IPO in Hong Kong raised HK$2.6 billion, with shares soaring 60% at debut. The company, a top PCB supplier to Nvidia, reports significant revenue growth and plans to expand production capacity using IPO funds.

Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation (JSCC), and Digital Asset jointly announced on April 21, 2026 (Monday) that they will launch a pilot for Japan government bond (JGB) collateral management on the institutional-grade blockchain platform Canton Network, with the goal of enabling around-the-clock, real-time collateral exchanges between custodians across accounts.

Enjvyco's stock fell 10% to 108.97 yuan due to margin compression from product changes and higher provisions for doubtful receivables. The company faced foreign exchange losses and deteriorating cash flow but assured investors of normal operations.

Gate News: According to the latest Gate TradFi data, ZHIPU (ZhiPu 02513.HK) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

In 2025, ByteDance's net profit fell over 70% due to high spending on AI infrastructure, despite a nearly 50% revenue growth from overseas and significant expansion in TikTok Shop. Challenges include regulatory headwinds impacting e-commerce.

Tencent has acquired a 3.2% stake in Kazakhstan's fintech and ecommerce firm Kaspi.kz for $518 million, marking its first investment in Kazakhstan. Kaspi.kz dominates digital payments and ecommerce in the region and is highly profitable.

KOSPI, Korea’s composite stock index, recently reached a record high, mainly driven by growth in the AI industry and hopes for a peaceful period between the U.S. and Iran. Samsung and SK Hynix are supporting steady demand for semiconductors, but the market’s price-to-earnings ratio has declined. JPMorgan raised its KOSPI target price to 8,500 points, signaling optimism about the Korean stock market, but it remains necessary to monitor whether the “Korea discount” phenomenon can be reversed to attract more investors.

Ethereum spot ETFs experienced significant net inflows of $67.77 million on April 20, led by BlackRock's ETHA. In contrast, Grayscale's ETHE and other products faced notable outflows.