Gate News message, April 21 — Whales on the Hyperliquid platform currently hold $3.395 billion in total positions, with long positions accounting for $1.714 billion (50.48%) and short positions totaling $1.681 billion (49.52%). Long positions are down $18.175 million in unrealized P&L, while short

Gate will host the Institutional Circle in Hong Kong to discuss AI-driven changes in crypto liquidity and market structure, with Addis Hu opening and speakers Ethan Hui and Chen Zhao, plus network sessions and a gala. Gate announces the Institutional Circle: AI Reshaping Crypto Liquidity & Market Access in Hong Kong, gathering Asia-Pacific institutional participants to discuss how AI is reshaping crypto liquidity and market structure. Opening remarks by Addis Hu; featured speakers Ethan Hui and Chen Zhao; event includes networking, practical industry discussions, and a gala dinner.

Abstract: JPMorgan strategists lift their S&P 500 year-end target to 7,600 from 7,200 on renewed AI optimism, anticipating higher levels this year as tech and AI prospects improve. Summary: JPMorgan raises S&P 500 year-end target to 7,600 from 7,200, citing renewed AI optimism; at 7,109, about 7% upside, with potential gains fueled by AI-driven growth.

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.

The Korea Battery Industry Association and Germany's Fraunhofer Institute signed an MOU to enhance battery technology cooperation, aiming to help Korean companies meet EU market requirements. Their collaboration focuses on R&D, supply chain development, and safety solutions in line with the EU's new regulations.

KKR is set to acquire approximately $820 million in convertible bonds from Samsung SDS, aiding its digital transformation and blockchain initiatives, while also providing advisory services in various areas including M&A and AI.

Huaqin Technology will launch its Hong Kong IPO from April 15-20, 2026, offering 58.5 million H-shares. The company aims to raise up to HK$4.463 billion, allocating funds for R&D, manufacturing expansion, and strategic investments.

Cloud computing startup Fluidstack is seeking to raise around $1 billion at an $18 billion valuation to boost its expansion in decentralized cloud computing and Web3. The funds will enhance R&D and support growth in the blockchain sector.

The Federal Security Service of Russia arrested three Telegram investment channel admins for manipulating stock prices through a "Pump&Dump" strategy, involving more than 55k trades across 19 large companies. Research shows that 11% of Telegram investment signals can affect stock returns, and more than 60% of investors rely on such signals. The central bank warned that it will monitor unusual transactions.

Gate News update: On April 14, after the U.S. stock market closed, the Dow Jones rose 0.63%, the S&P 500 Index rose 1.02%, and the Nasdaq rose 1.23%. The crypto sector moved higher across the board—Circle rose 12.09%, Solana rose 7.41%, a certain CEX rose 3.98%, Strategy (MSTR) rose 2.89%, SharpLink rose 2.76%, and Bitmine rose 1.08%.