2026-04-16 13:45 to 14:00 (UTC), ETH spot prices fell by 1.23% in just 15 minutes. The candlestick price range covered 2291.2 to 2336.98 USDT, with a swing of 1.96%. Market volatility intensified, sell pressure on the board became concentrated, and the trading community’s focus clearly shifted toward changes in capital outflows. The main driver behind this abnormal move is large-scale, concentrated selling from retail. In the spot market, net outflows in the first 5 minutes reached as high as -$95.57M. Although some lead/major funds attempted to accumulate at lower prices (net inflows of +$18.95M in large orders over 5 minutes), the overall scale was limited and unable to effectively hedge the overall short-term selling pressure. Meanwhile, the ETH futures market did not show extreme liquidations or large-scale position closures, indicating that the core of the abnormal move came from a spot supply-and-demand imbalance rather than leveraged liquidation cascades. In addition, ETH spot ETF funds have continued to experience net outflows in early April. On April 1, the single-day net outflow was $7.1M. The overall trend in Q1 was bearish, directly reflecting weakening institutional capital allocation intent and further undermining market confidence. Some funds have shifted to on-chain staking and emerging DeFi protocols. It is also worth noting that large holders with holdings in the 100,000-ETH range have continued to reduce their positions since the end of March. Whale capital outflows have persisted, and retail has followed the above signals, leading to a multi-factor selloff resonance effect in the short term. Although both the number of active addresses on the ETH chain and daily trading volume have hit historical highs, network usage and liquidity are overall strong, but capital flow has not formed any substantive spot buy orders, making it difficult to drive a price reversal. At present, short-term market risk remains significant. Investors should pay attention to the strength of subsequent retail selling, the direction of ETF fund flows, and changes in large-holder positions. If large holders and major funds do not form a strong follow-through/acceptance, the spot market may continue to be affected by the release of structural supply. It is recommended that investors monitor key support zones in real time, track large on-chain fund movements, and watch for macro news developments, in order to reasonably mitigate the risk of short-term price fluctuations and promptly obtain more market information.

Gate News message, April 16 — Vertical Aerospace (EVTL.US), a British electric vertical takeoff and landing (eVTOL) aircraft manufacturer, announced it has successfully completed its first piloted bidirectional transition flight, marking the world's first such test conducted under a Design

Greater Bay Technology has produced its first all-solid-state battery cells, featuring an innovative solid electrolyte that enhances safety and performance. It aims for GWh production by 2026 and will debut in GAC's Hyptec vehicles, positioning itself as a pioneer in commercial solid-state batteries.

Gate News message: According to Gate’s official announcement, the subscription page for Gate Pre-IPOs Phase 1 project SpaceX (SPCX) has been officially launched. This round of subscription supports participation in two currencies: USDT and GUSD. The subscription period is from 2026年4月20日18:00 to 2026年4月22日18:00 (UTC+8). After the subscription is completed, asset certificates will be distributed in a 100% unlocked format. The distribution time has been moved up to 2026年4月22日22:00 (UTC+8). Once assets enter the pre-trading stage on Gate, pre-market trading will begin at 2026年4月24日18:00 (UTC+8). Eligible VIP users and super agent partners can receive additional free Airdrop rewards, distributed in sync with the subscription distribution. SPCX is an imaged security based on SpaceX, used to map its value performance before and after its listing. Users can use the Pre-IPOs mechanism to obtain value exposure in advance before the target company enters the public market.

Dragonfly received 55.8 million LIT tokens from Lighter, which will be locked for one year and vested over three years post-TGE, with the first unlock on December 30, 2026.

Gate News, April 15, according to Gate market data, as of the time of writing, NIGHT (Midnight) is trading at $0.0365. It is up 1.95% over the past 24 hours, with a high of $0.03665 and a low of $0.03474. The 24-hour trading volume is $2.4703 million. Its current market cap is approximately $606 million. NIGHT is the exclusive token of the Midnight Network—an advanced new privacy-first L1 public chain introduced by Charles Hoskinson. The token combines network utility with governance functions. Midnight is the fourth generation of blockchain, designed to unlock real-world application adoption. By implementing privacy protection at the protocol level, Midnight enables a new kind of chain

Eastsoft and M2M Tech have formed a partnership to integrate Eastsoft's conversational AI service into M2M Tech's robotics platform, creating advanced AI humanoids for industrial use, first showcased at Nvidia GTC 2026.

Ripple and Kyobo Life Insurance are partnering to explore blockchain-based tokenized government bond settlements, aiming to reduce settlement time to near real-time. This positions Kyobo Life as Korea's first Tier-1 insurer to pursue such innovation while examining stablecoin payment systems.

Justin Sun announced TRON's post-quantum upgrade initiative, aiming to implement NIST-standardized cryptographic signatures on its mainnet to counter future quantum computing threats, positioning TRON ahead of Bitcoin and Ethereum in quantum preparedness.

Gate News, according to Gate’s official announcement Gate’s Yuebi Bao launches an ETH 7-day term wealth management product with an additional rewards pool. Subscription users can enjoy a 10% annualized return bonus. This rewards pool cumulatively provides 500,000 OFC in additional rewards, using a first-come, first-served mechanism. The additional rewards will be distributed to users’ accounts on a daily basis in the form of an equivalent amount of OFC. The platform has an overall cap on the total activity rewards and a limit on the maximum amount each individual user can receive.