KuCoin Crypto Daily(2026-04-10)

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Today's Highlights

1. Hong Kong to Announce First Stablecoin Licenses Today

2. Over $358M Flows Into U.S. Spot BTC ETF Market

3. Three U.S. Senators Question Trump-Linked Meme Token Event

4. Rakuten Wallet to List SHIB on April 15

5. Ethereum Spot ETFs See $85.19M Net Inflow on April 9


Macro News

The Hong Kong Monetary Authority will announce the first stablecoin licenses at 5:00 PM today. The final review of the first batch of applications was completed in mid-March 2026, and the authority received 36 applications. It plans to issue 2–3 licenses in the first round, emphasizing strict regulatory standards.


According to AiCoin monitoring, the U.S. spot BTC ETF market saw a net inflow of $358 million on April 9. BlackRock's IBIT led with a $269 million inflow, followed by Fidelity's FBTC with $53.3 million.


Bitcoin Spot ETFs See $358M Net Inflow on April 9, BlackRock's IBIT Leads with $269M

SoSoValue data shows that U.S. Bitcoin spot ETFs recorded a net inflow of $358 million on April 9. BlackRock’s IBIT led with $269 million, bringing its total net inflow to $63.59 billion. Fidelity’s FBTC followed with $53.33 million.


U.S. Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have raised concerns about the TRUMP Meme token event scheduled for April 25. They question the ethical implications of the event, which is being promoted as an opportunity to meet Donald Trump and may benefit the Trump family financially.


U.S. Senators Question Trump's Meme Coin Event for Promoting Access

Politico reports that three U.S. senators have written to the organizers of the TRUMP Meme coin event, questioning Trump’s involvement in promoting the event. The event is limited to the top 297 TRUMP token holders and coincides with the White House Correspondents’ Association dinner, where Trump is also expected to appear.


Industry Hotspots

Ethereum Spot ETFs See $85.19M Net Inflow on April 9, BlackRock's ETHA Leads with $90.94M

Data from SoSoValue indicates that Ethereum spot ETFs recorded a net inflow of $85.19 million on April 9. BlackRock’s ETHA led with $90.94 million in inflows, followed by its Staked ETH ETF ETHB with $13.67 million.


Covenant AI Exits Bittensor Network Over Centralization Concerns

Covenant AI, a major subnet developer on Bittensor, announced its exit from the network, citing concerns over centralization. The founder claimed that Bittensor’s co-founder Const exerted "punitive" authority, contradicting the network’s decentralization principles.


Quantum Threat? Bitcoin Developers Already Working on It

Bitcoin developer Avihu Levy introduced QSB, a solution that replaces weak signatures with GPU-solvable puzzles. Olaoluwa Osuntokun also shared a zk-STARK prototype to allow fund recovery using a seed phrase, addressing potential quantum computing threats.


Grayscale Backs Aave Protocol with Long-Term Growth Potential

Grayscale has expressed confidence in the long-term growth potential of the Aave protocol, signaling continued institutional interest in DeFi platforms with strong fundamentals and adoption.


Siemens and NVIDIA Cut AI Chip Validation Time from Months to Days

Siemens and NVIDIA have achieved a breakthrough in AI chip validation, reducing the cycle from months to days using Siemens' Veloce™ proFPGA CS system and NVIDIA’s optimized architecture. This collaboration enhances the reliability and speed of AI infrastructure development.


KOL and Institutions

@gimuchiyeon

The crypto market is currently valued at $2.5 trillion, down 1.5% in the last 24 hours. Bitcoin fell 1.6% to $70,775, while Ethereum dropped 3.4% to $2,165. Tether remained stable at $1.00.

@ASEN_K_TS

Bitcoin rose 1.4% to $72,280.11 in the last 24 hours, showing positive momentum. Ethereum also gained 0.3%, maintaining steady performance among major cryptocurrencies.

@ShadowAIphaX

Bitcoin surged 1.26% to $71,811, while Ethereum rose 0.40% to $2,186. U.S. stock indices showed mixed results, with the S&P 500 and Nasdaq gaining, while the Dow and Small Cap 2000 declined.

@BlackRock

BlackRock's Bitcoin ETF recorded the highest trading volume today at $1.93 billion, followed by Fidelity with $212.5 million and Grayscale with $121.2 million. Total spot Bitcoin ETF volume exceeded $2.4 billion.

@DamiDefi

BNB and ETH are the most widely held cryptocurrencies, with 322.9 million and 306.0 million holders respectively. BNB’s widespread adoption positions it as a strong competitor in the market.

@ZEbanistas

Bitcoin is trading at $71,783, Ethereum at $2,187.80, and Solana at $83.13. Bitcoin remains a top choice for long-term investment due to its stability and widespread acceptance.

@chase_randlabs

On-chain data shows a mixed crypto market, with Bitcoin up 0.87% and Ethereum down 0.33%. Dogecoin remained stable at 0.22%, indicating potential sector rotation within the blockchain ecosystem.

@cwtony89

Top 10 cryptocurrencies by market cap saw varied 24-hour changes. Bitcoin rose 1.05%, Ethereum fell 0.08%, and Solana gained 1.16%. Most major coins showed positive or stable performance.

@Numinous_btc

Bitcoin’s resilience over the past two months, despite multiple bearish factors, is reminiscent of the 2022–2023 market bottom. This suggests a potential turning point for the asset class.

@ELYSIADOTAI

Solana tokens like $GENZ and $CHITOSHI surged over 2,000% and 500% respectively in the last 24 hours, while others like $BURNIE dropped over 12%. Market conditions remain highly volatile.

This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.

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