Gate Cryptocurrency News and Market Analysis

Shares of NextNav Inc. (NN) jumped as much as 24% on Tuesday, as investors cheered a recent Federal Communications Commission (FCC) filing by SpaceX that highlighted the company's plans for valuable low-band spectrum. The rally came after SpaceX, in an August 10 letter to the FCC, called for

The House passed a stopgap funding bill 220-205 on July 21, moving the government spending deadline from September 30 to December 4. Prediction markets responded immediately, with Kalshi's implied odds of an October 1 shutdown falling from roughly 59% to 48%. The vote postponed rather than

Strategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after shifting business priorities prompted it to sell portions of its holdings in moves that drew scrutiny from the market. In a Monday interview with FOX Business, Le said Strategy had purchased

On Holding (ONON) stock plunged more than 19% in midday trade on Tuesday, dropping to levels last seen in May 2024, after the athletic footwear company reported second-quarter revenue of $1.05 billion that missed Wall Street's $1.08 billion estimate and lowered its full-year 2026 net sales growth

Russia's Bank of Russia published a draft directive on Aug. 11 allowing non-qualified investors to trade cryptocurrency through brokers, exchanges, or managers, capped at 300,000 rubles per year. The framework approves only Bitcoin, Ethereum, and Tether's USDT for public exchange trading, while qual

Jabil Inc. (JBL) shares jumped nearly 6% on Tuesday after UBS upgraded the stock to 'Buy' from 'Neutral', citing anticipated growth from artificial intelligence investments by Amazon.com Inc., Meta Platforms Inc., and Alphabet Inc. UBS analyst David Vogt maintained the $430 price target, implying ne

Moneygram launched Ramps on Solana on Aug. 11, with Rift as its first wallet integration, the payments company announced on Tuesday. The launch expands Ramps across multiple blockchain ecosystems as Moneygram pushes beyond its traditional money-transfer business and deeper into digital assets. Ramps

US Bitcoin spot ETFs recorded a net outflow of 2,507.85 BTC on August 10, ending a five-day streak of inflows and reducing total holdings to 1,222,886.68 BTC. The outflow was driven by eight products experiencing net redemptions while four remained unchanged and zero recorded inflows. Despite the

New Bitcoin addresses climbed from roughly 260,000 to more than 330,000 last week, reversing a year-long downward trend as Coldcard hardware wallet users migrated funds following an ongoing exploit. Coinkite's wallet users have lost at least 1,816 BTC (~$116 million) across four theft waves since

The National Association of Realtors (NAR) released data on local time 11th showing US existing home sales for July totaled 4.06 million units at a seasonally adjusted annual rate, down 1.7% from the previous month but up 0.7% from the same period last year. The figure slightly exceeded the market f

Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized and always-on markets. The announcement was made Tuesday, with the deal subject to regulatory approval and financial terms undisclosed. Nasdaq

US stocks traded in a narrow range Tuesday, Aug. 11, with the Dow Jones Industrial Average rising 221.79 points, or 0.41%, to 54,197.77 at 9:52 a.m. ET, while the S&P 500 slipped 0.03% to 7,750.84 and the Nasdaq Composite fell 0.35% to 26,513.18. Strong market breadth continues to support the

Tether will shut down Alloy, its gold-backed lending platform, on September 17. Five customers currently owe 399,088.74 aUSDT against 194.41 Tether Gold (XAUT) in collateral. The shutdown follows Alloy's failure to gain traction after its June 17, 2024 launch, with its June 30 attestation valuing al

Leveraged exchange-traded funds have increased their AI-related exposure to 58%, with significant capital concentrated in semiconductor stocks including SK Hynix and Micron, raising concerns about amplified market volatility. The elevated concentration stems from the funds' daily rebalancing

The AI industry is entering a new phase focused on demand-side adoption after initial infrastructure buildout, according to a market analysis comparing the current AI revolution to the historical railroad era. Hyperscalers are expanding revenue through dual strategies of custom chip development and

An attacker drained 200,000 XRP in 97 minutes through a flaw in the Coreum–XRP Ledger bridge that exploited memo data verification logic. According to market analyst Xaif Crypto, the bridge's relayer system reportedly failed to verify actual destination addresses, instead relying on transaction memo

ARP Digital, a regulated digital capital infrastructure platform, secured a Broker-Dealer licence from Dubai's Virtual Assets Regulatory Authority (VARA) on August 11, 2026. The licence enables the firm to provide regulated digital asset conversion to local fiat currency in the UAE. This milestone e

US Treasury bond prices strengthened on the 11th after reports emerged of a potential agreement between the United States and Iran. As of 9:03 AM Eastern Time, the 10-year Treasury yield fell 0.90 basis points to 4.693%, while the 2-year yield dropped 1.90 basis points to 4.228%, according to

CitroTech Inc. (NYSE AM: CITR), a specialty chemical company delivering fire inhibitor solutions, provided a business update in a shareholder letter issued by CEO Wes Bolsen highlighting commercialization progress. The company's partner network expanded from 13 partners at the end of the second

Samsung Electronics and Apple are experiencing divergent smartphone component cost dynamics, with memory emerging as the largest bill-of-materials item for iPhones while Samsung's Galaxy Z8 foldable achieves record pre-order figures. For 256GB iPhone Pro models, memory's BOM cost share rose from