Solana staking protocol Fragmetric completes $7 million seed round

On April 16, Federal Reserve President Williams said the projected 2026 GDP growth rate is 2% to 2.5%. (FXStreet)

On April 16, Hyperbridge announced an update to estimated losses from its April 13 Token Gateway exploit—raising the figure from an initial ~$237,000 to roughly $2.5 million. Additional losses stem primarily from liquidity pools across Ethereum, Avalanche, BNB Chain, and Arbitrum. The attacker bypassed MMR proof verification by forging cross-chain messages, withdrawing ~245 ETH from the TokenGateway contract and minting 1 billion bridged DOT tokens to sell into liquidity pools. Most stolen funds have since been on-chain traced to Binance; the project team is coordinating with Binance’s compliance team and law enforcement. If full fund recovery is not possible, the team will distribute BRIDGE tokens in a structured, cross-chain manner to compensate for remaining losses one year post-incident. Cross-chain functionality will only be restored after the patched system completes an independent audit.

**U.S. Initial Jobless Claims (Week Ending April 11): 207,000** - Below consensus estimate of 215,000 - Prior week revised down to 218,000 (from 219,000) - Reported April 16 (Source: FXStreet) ### Notes on American English conventions used: 1. **Concise headline structure**: Prioritizes key data (U.S. claims → week end → figure) 2. **"k" abbreviation**: Optional (common in casual/quick reports, but full "000" kept for clarity here) 3. **Clear hierarchy**: Bullet points for quick scanning (expected vs prior revisions) 4. **Explicit "reported date"**: Clarifies when the data was released (avoids ambiguity of "on April 16" opening) 5. **Formal source attribution**: "(Source: FXStreet)" as standard in U.S. financial news

April 16: U.S. Secretary of Defense Austin stated, "If Iran miscalculates and declines to reach an agreement, we will be prepared to resume combat operations." (Golden Ten)

April 16 — The U.S. military announced it will expand its maritime blockade of Iran to cover ammunition, weapons, and other contraband. Vessels suspected of shipping prohibited goods to Iran will face the "right of visit" from belligerent nations anywhere they are located and could be detained. Prohibited items also include oil, refined petroleum products, iron, steel, and aluminum. (Reuters)

April 16: S&P 500, Nasdaq 100, and Dow Jones Industrial Average (DJIA) All Hit Record Highs Bybit TradFi offers users a streamlined way to trade global index stocks—no hassle of opening complex accounts or currency conversion. Registered users can instantly tap into market trends using just USDT. ### Comprehensive Asset Coverage, One-Stop Access Beyond the three major U.S. indexes, we support top benchmarks like Nikkei 225 and HK50, plus over 300 leading global assets including AAPL, AMZN, GOOGL, META, and COIN. ### Ultra-Low Trading Costs, Better Returns - **Zero Commission Model**: Ideal for investors seeking simplicity—no extra trading fees. - **Tight Spread Model**: Built for traders chasing maximum cost efficiency. Index fees start at $0.1 per lot; U.S. stock fees start at $0.02 per share. - **Newbie Perk**: Get a $5 credit when your first trade hits $10 or more.