xAI has initiated legal action against the state of Colorado, filing a lawsuit in a U.S. district court on Thursday. According to NS3.AI, the company aims to prevent the enforcement of Senate Bill 24-205, which is set to take effect on June 30. xAI argues that the legislation would necessitate alterations to its Grok platform and impose requirements related to fairness and equity.

Hong Kong-listed crypto stocks rallied, with Guotai Junan International surging over 20%, Yunfeng Financial rising nearly 12%, and Shenwan Hongyuan Hong Kong climbing over 11.5%. This follows news that Hong Kong's first batch of stablecoin licenses will be announced this afternoon. (Jinshi)

Bitcoin's price movement is under scrutiny as experts outline critical levels for potential market shifts. According to NS3.AI, Alex Kuptsikevich emphasized that Bitcoin must surpass $75,000 to trigger a bullish trend in altcoins, following multiple unsuccessful attempts to break out of the $70,000–$73,000 range. In a separate analysis, Mike Novogratz noted that Bitcoin needs to establish a stable position at $74,000 to pave the way for a breakthrough beyond $80,000.

Elon Musk's artificial intelligence company, xAI, has initiated legal proceedings against the state of Colorado, aiming to prevent the enforcement of new AI regulations that limit speech from AI chatbots like Grok. According to Cointelegraph, the lawsuit targets Colorado's Senate Bill 24-205, which is designed to safeguard AI users from 'algorithmic discrimination' in sectors such as employment, housing, and finance. In a recent filing to a U.S. district court in Colorado, xAI contended that the state cannot modify the company's message merely to promote its own perspectives on contentious issues like fairness and equity. The company further argued that the legislation, scheduled to be implemented on June 30, is paradoxical as it advocates 'differential treatment' to enhance diversity or address historical discrimination. xAI emphasized that altering Grok would disrupt its objective of being 'maximally truth seeking.' This is not the first instance of xAI challenging state-level AI regulations. In December, the company filed a lawsuit against California concerning its Generative AI Training Data Transparency Act, asserting that the act's disclosure requirements infringe upon the First and Fifth Amendments by compelling speech and exposing trade secrets. Both the Colorado and California laws emerged following allegations that Grok had previously made racist, sexist, and antisemitic remarks. David Sacks, appointed as co-chair of the President's Council of Advisors on Science and Technology, has advocated for federal oversight of AI regulations, arguing against a fragmented approach by individual states. Sacks highlighted the complexity faced by innovators due to the diverse regulatory frameworks across 50 states, emphasizing the need for a unified federal standard. His appointment aims to address these regulatory challenges and streamline AI governance at the national level.

On April 10, according to BlockBeats, monitoring by Hyperinsight revealed that a major cryptocurrency investor, known for leveraging market downturns, has faced challenges with their trading strategy. This investor has historically profited by betting on the 'BTC/altcoin' exchange rate during market declines. However, with Bitcoin stabilizing and HYPE gaining strength, surpassing $40 with a daily increase of over 5%, both sides of the investor's strategy are under pressure, resulting in a daily capital withdrawal of $900,000. Currently, the investor holds a long position in Bitcoin with a 40x leverage, valued at $30.4 million, and a short position in HYPE with a 5x leverage, valued at $23.2 million. The investor began positioning during HYPE's previous surge and completed their setup by March 20, with a total scale of approximately $53 million. Since then, they have incurred a net loss of about $300,000, without achieving positive returns. Previously, this investor employed a similar strategy, investing around $50 million to go long on Bitcoin while shorting eight other cryptocurrencies, including ETH, XRP, and ADA. This approach proved successful, maintaining a total cycle profit of approximately $37.1 million.

The Hong Kong Monetary Authority (HKMA) is set to announce its first batch of stablecoin licenses today at 17:00 UTC+8. According to Foresight News, licensed stablecoin issuers will subsequently meet with the media. The HKMA completed the final review of the initial applications by mid-March 2026 and is now in the official announcement preparation stage. A total of 36 applications were received, with plans to issue 2 to 3 licenses under strict regulatory standards. In early February, HKMA Chief Executive Yu Weiwen stated the aim to issue the first stablecoin issuer licenses by March this year, emphasizing a cautious approach with a limited number of initial licenses.

The Hong Kong Monetary Authority (HKMA) will announce the first batch of stablecoin issuer licenses at 5 pm today, followed by a media launch event for the licensed institutions. It is understood that the HKMA completed its initial application review in mid-March 2026, receiving 36 applications. The first batch of licenses is expected to consist of 2 to 3, with relatively stringent regulatory standards. Previously, HKMA Chief Executive Eddie Yue stated that the licensing process would proceed prudently, and the number of licenses would remain at a low level. (Daily Economic News)

XRP experienced a price increase, reaching $1.35 after surpassing the $1.34 mark on strong trading volume. According to NS3.AI, the upward movement paused below $1.36, and XRP continues to be part of a broader downtrend. There is no clear catalyst identified for this recovery.

The controversy surrounding CZ and Star continues to escalate, prompting He Yi to respond on social media, listing several accusations that Star has been continuously attacking Binance. Her main allegations include attributing market declines to Binance, linking the Meme project on BNB Chain to Binance, negatively labeling CZ personally, emphasizing compliance issues in comparisons, and using media manipulation to increase his own visibility. He Yi also mentioned past industry competition and expressed her personal views on the events. The discussion is ongoing, and neither party has yet issued a unified response.

According to Jin10, Morgan Stanley has raised concerns about gold's traditional role as a risk management tool following six weeks of significant volatility in commodity prices. Amy Gower, a metals and mining strategist at Morgan Stanley, stated that gold is currently behaving more like a risk asset rather than a safe haven. Typically, gold should serve as a diversification tool within investment portfolios, but this is not currently the case. Gower acknowledged that it is 'normal' for gold to weaken following a shock, as investors often seek liquidity. However, she pointed out that gold prices are increasingly influenced by the trading activities of major holders such as central banks and ETFs.

After several rumors of delays, the highly anticipated DeepSeek V4 is about to be released.

South Korea boasts one of the world's largest retail cryptocurrency investor communities. A turning point is expected in 2026: retail investors will gradually withdraw, while institutional investors will begin to enter.

Bessant and Powell urgently convened the CEOs of systemically important banks such as Citigroup, Goldman Sachs, and Bank of America to discuss the cybersecurity threats posed by Anthropic's latest AI model, Mythos.

Binance is making a high-impact entry into the prediction markets sector, integrating event-based trading into its Wallet app while eliminating trading and settlement fees. The move positions the exchange to compete directly with incumbents like Polymarket and Kalshi in a rapidly expanding market now handling billions in monthly volume.

OpenAI is building a powerful cybersecurity AI model and plans to limit access to a small group through its Trusted Access programme.

Artificial Intelligence, AI Agent, OpenClaw, Anthropic, Q1 2026: AI Agent Completes Its Coming-of-Age Ceremony (Golden Finance) - AI Agent Completes Its Coming-of-Age Ceremony, Where Will Humans Retreat To?

Regardless of whether the Iranian government will actually accept Bitcoin, the claim has gone viral globally, and perhaps that's the most important significance of the whole affair. The era of Bitcoin has arrived.

Zhao Changpeng, Binance, from selling his house to buy cryptocurrency to going to jail and publishing a book: CZ's self-defense and self-mythologizing. Golden Finance, believe it or not, but he certainly did a lot.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

On March 31, Binance announced that it will update the assessment trading pairs for the "Spot Altcoin Liquidity Enhancement Program" starting April 6, aiming to improve the liquidity and trading efficiency of some altcoin trading pairs in the spot market.