Gate News message, April 23 — Chinese autonomous delivery truck operator Zelos Technology is planning a Hong Kong IPO expected to raise approximately $600 million, according to Bloomberg. The company is in talks with banks; the size and timing of the offering could still change. Founded in 2021, Zelos operates more than 25,000 autonomous vehicles across China and has expanded into Singapore, the United Arab Emirates, and other parts of Southeast Asia and the Middle East. Alibaba's logistics unit Cainiao became a shareholder earlier this year and integrated its unmanned vehicle unit into Zelos through a cash and asset injection in early 2026, expanding the fleet from 2,000 vehicles in 2024 to more than 20,000. Zelos now operates under two brands: its own name for technology products and the licensed "Cainiao Autonomous Vehicle" brand for certain logistics and enterprise customers. The company claims it can reduce last-mile delivery costs by approximately 50% and expects to break even, including R&D expenses, once its fleet reaches about 50,000 vehicles. Management says it expects to deliver more than 1,000 vehicles overseas by the end of 2025.

Blockchain Capital is raising $700 million for two new funds—the seventh early-stage fund and the second growth fund—and has begun deploying capital, aiming to close in five to six months. Blockchain Capital is raising $700 million for two new funds—the seventh early-stage fund and the second growth fund. The firm has begun deploying capital and plans to wrap the fundraising in five to six months.

Federal class action accuses AI16Z/ELIZAOS of a $2.6B crypto fraud via fake AI claims and deceptive marketing, alleging insider favoritism and a staged autonomous system; seeks damages under consumer protection laws. Abstract: This report covers a SDNY federal class-action filed April 21 accusing AI16Z and its rebrand ELIZAOS of a $2.6 billion crypto fraud involving fake AI claims and deceptive marketing. The suit alleges a manufactured link with Andreessen Horowitz and a non-autonomous system. It details a peak valuation in early 2025, a 99.9% crash, and about 4,000 losing wallets, with insiders receiving ~40% of new tokens. Plaintiffs seek damages and equitable relief under New York and California consumer-protection laws. Regulators in Korea and major exchanges have warned or suspended related trading.

Gate News message, April 22 — According to analyst Darkfost, altcoin trading volume share on a major centralized exchange reached 51%, up significantly from 31% in early March, while Bitcoin and Ethereum shares fell to 30% and 17% respectively. Ethereum's trading volume share declined sharply from

Gate News message, April 22 — A major Bitcoin whale, identified by address 0xa3d843b6a057504284006bef6f34a2e9bc80fb6b, opened a 10x leveraged long position early this morning, according to Hyperinsight monitoring. The position is currently worth $27.4 million at an average entry price of $76,272,

The stablecoin market hit a record $320 billion in total capitalization, up from under $5 billion in 2020, signaling sustained growth and rising adoption across the crypto ecosystem since early 2024. Abstract: The stablecoin market reached about $320 billion in total capitalization, marking significant growth from 2020 and indicating steady expansion through early 2024 with greater adoption and integration in the crypto ecosystem.

A whale address opened a BTC short in early April; it now holds $77.14M in BTC shorts and $47.15M in ETH shorts, the largest short on Hyperliquid, with unrealized BTC losses around $9M and total losses over $13M, positions still open.

Gate News message, April 22 — The U.S. Senate's Digital Asset Market Clarity Act, which has been delayed for several months, may enter Senate committee review as early as May, according to CoinDesk. Sources indicate that the originally planned April advancement is now unlikely; however, if the Senat

Polymarket launched perpetual contracts for leveraged long and short trades on assets like gold, BTC, NVIDIA, and AAPL, with early access for registered users.

Polymarket launches perpetual futures with leverage, expanding beyond standard prediction markets; early access registration is open for leveraged trading on its decentralized platform. This article reports that Polymarket launched a perpetual futures feature, enabling leveraged prediction market trading on its decentralized platform, with open early access registration, expanding offerings beyond traditional markets.