Hong Kong stocks closed lower on April 17, with the Hang Seng Index dropping 0.89%. Blue-chip stocks varied, as Alibaba gained amid AI advancements. Newly listed stocks surged, showcasing strong investor interest, while gold stocks fell due to geopolitical tensions.

Morpho has launched Morpho Midnight, a fixed-rate DeFi lending product distinct from its variable-rate counterpart, Morpho Blue. Co-founder Paul Frambot highlights that Midnight represents a new onchain lending approach, coexisting with Blue. Morpho holds $7.7 billion in TVL.

Gate will hold its 13th anniversary blue carpet ceremony on April 20 at K11 MUSEA in Hong Kong, with multiple industry guests and media in attendance on site. During the event, there will also be an outdoor special exhibition, and an anniversary banquet will be held that evening.

Blue Cat Owl Capital’s stock price has fallen to an all-time low after a surge in redemption requests for its private credit funds, totaling $5.4 billion in the first quarter. The company’s market value has shrunk by more than 40% this year. Investor confidence has declined, the industry faces pressure, and redemption restrictions may affect cash flow and earnings.

Apollo Global Management, BlackRock, and Blue Owl Capital, among other firms, have implemented redemption restrictions, reflecting intensifying liquidity pressures in the private credit market and growing investor concerns about high-risk exposures. Moody's downgrade of FSK's credit rating demonstrates accumulating industry risks. Future market stress will be determined by investor behavior and liquidity management.

Blue Origin has applied for "Project Sunrise," planning to deploy 51,600 satellites in sun-synchronous orbit to build a space data center network that would support AI computing and data transmission. While this would improve efficiency, large-scale deployment faces challenges including cost and regulatory hurdles.

Gate News reports that on March 19, an EU Commission spokesperson for digital economy affairs, Thomas Rennier, confirmed that American social media platform X has paid a €120 million fine issued by the EU in December of last year before the deadline, and submitted a remediation plan regarding its "blue verification" feature. The spokesperson also stated that despite X paying the fine, the platform is still appealing the penalty.

Gate News: On March 17, the three major U.S. stock index futures turned higher. The S&P 500 Index (U.S. large-cap stock benchmark index) futures rose 0.2%, the Nasdaq 100 Index (U.S. tech stock benchmark index) futures rose 0.1%, and the Dow Jones Index (U.S. blue-chip stock benchmark index) futures rose 0.3%.

Elon Musk's social media platform X submitted a remediation plan under pressure from the European Commission, following a €120 million fine for violations including "blue badge certification" issues. The EU pointed out problems including X's paid verification, insufficient advertising transparency, and non-compliant data access.

Multiple US private credit funds face redemption pressures in the first quarter of 2026, with funds such as BlackRock, Blackstone, and Blue Owl receiving large redemption requests that exceed the limit, leading to adjustments in buyback policies. Fitch data shows that the redemption rate for perpetual non-listed BDCs has risen significantly, and institutional demand for credit ETFs has surged for protection. S&P Global notes that multiple factors will impact credit market liquidity in 2026.