Odaily Planet Daily reports that Newfire Technology (1611.HK) announced on April 22nd that it will acquire the investment team and trading system of Avenir Group, the family office of Li Lin, for US$1.6 million. Following the acquisition, Newfire Technology plans to launch a Bitcoin-denominated asset management service called Alpha BTC, aiming to attract investments of over 10,000 Bitcoins within one year, valued at approximately US$760 million. This strategy will generate returns through derivatives trading such as options, using Bitcoin or IBIT ETFs as underlying assets, targeting clients including crypto-native investors and Hong Kong-based companies. As of the end of 2025, Avenir Group holds 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at US$908 million.

Odaily Planet Daily reports that the U.S. Senate on the 22nd again rejected a bill limiting President Trump's war powers. This is the fifth time the Senate has rejected a bill aimed at restricting Trump's power to use force against Iran since the U.S. launched military action against Iran in late February. (Xinhua)

According to Odaily Planet Daily, Kalshi, a prediction market platform, has fined and banned three congressional candidates from its platform for five years for betting on their own election results. The candidates involved are Mark Moran, Matt Klein, and Ezekiel Enriquez. Virginia Senate candidate Mark Moran was fined $6,229 and required to return the profits from the related market transactions; Minnesota House candidate Matt Klein was fined $540; and Texas Republican primary candidate Ezekiel Enriquez was fined $784. Mark Moran stated on the X platform that he bet approximately $100 on Kalshi to draw attention to the platform's potential manipulation and corruption. Matt Klein stated on the X platform that he placed bets out of curiosity and paid the fine and accepted the ban after learning of the violation. Kalshi's legal counsel, Bobby DeNault, stated that the candidates' actions violated internal trading control rules, and penalties are imposed regardless of the transaction amount.

Odaily Planet Daily reports that Nikita Bier, X Product Manager, announced two product changes to communities on X: 1. XChat now supports joinable links in group chats. Create public links and share them directly to your timeline. Each chat supports 350 members (and this is growing), and group chat links are the fastest way to bring people together on X. 2. Due to declining usage, we will be discontinuing X communities on May 6th. To migrate your community members, please pin your group chat links so people can join within the next two weeks. This is part of our broader effort to streamline the X experience. Please don't get me wrong: we are heavily investing in niche communities, through the rollout of custom timelines—and many more upcoming features. She later added that, based on user feedback, the transition period has been extended to May 30th to give users ample time to migrate; the group chat limit will also be increased to 500 members tomorrow, with a target of 1000 members in the coming weeks. This should cover all communities on X except for a few specific ones.

According to Odaily Planet Daily, Arthur Hayes stated that Bitcoin will not see a substantial increase until the Federal Reserve provides liquidity to fill the black hole in bank balance sheets. He believes that AI is destroying the income of knowledge workers and causing consumer credit defaults, which will ultimately force the Federal Reserve to intervene and push up Bitcoin prices. Arthur Hayes predicts that Bitcoin will reach $150,000 to $200,000 in the summer of 2026, $250,000 to $500,000 by the end of the year, and $1 million in 2028. Michael Saylor posted on the X platform that Strategy has spent approximately $2.54 billion to buy 34,164 Bitcoins, at an average price of approximately $74,395. As of April 19, 2026, the institution held a total of 815,061 Bitcoins, with a total acquisition cost of approximately $61.56 billion and an average price of approximately $75,527. They believe that the accumulation of corporate and ETF holdings will lead to non-linear repricing, and if Strategy holds 7.5% of the total Bitcoin supply, the long-term target price is $10 million.