Gate Insights and Crypto Market Analysis

XRP may be completing its Elliott Wave 2 correction and nearing a potential Wave 3 breakout, according to market analyst EGRAG CRYPTO in his latest three-day technical analysis. The analysis identifies a developing bullish divergence between XRP's price and the Relative Strength Index (RSI): while X

Luxembourg's Financial Intelligence Unit (FIU) expanded its emergency financial alert system to include cryptocurrency exchanges on Aug. 8 under new anti-fraud legislation Bill 8722. The law was enacted to close a critical loophole that allowed fraudsters to move stolen funds into digital assets,

The Bank of Korea announced Monday it has started buying spot gold exchange-traded products, marking its first gold purchases since 2013. The central bank also established a framework to purchase domestically produced gold in the near future through a cooperative system involving the Korea

Goldman Sachs named two European stocks with projected 12-month upside above 100% in its August picks, with UK clean energy developer Ceres Power leading at 168% and German defense contractor Rheinmetall second at 102%. The forecasts arrive as the Stoxx 600 touched a record high on Tuesday. Goldman

Hashdex is shutting down its Bitcoin ETF (ticker: DEFI), marking the first closure of a US spot Bitcoin exchange-traded fund. Shares trade on NYSE Arca until August 17, with investors holding positions receiving cash distributions around August 28. The fund held $14.56 million in assets as of August

Western Union launched Stablecard on August 4, a digital wallet and Visa card for receiving transfers as USDPT stablecoin. Built with stablecoin platform Rain, the product went live across 37 markets, with the company targeting more than 60 by year-end. The launch followed Western Union's

Crypto gaming platform 1win launched a Web3 authentication system that allows users to create accounts, sign in, and deposit digital assets by connecting a cryptocurrency wallet. The system eliminates the need for email registration, usernames, passwords, and manual entry of wallet addresses,

Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined during the period. The company posted a $0.09 loss per share on Wednesday, which Galaxy attributed to the depreciation of digital asset prices during the quarter. The total crypto

Bank of America CEO Brian Moynihan on Wednesday called the recent near-collapse of AI hedge fund Situational Awareness a warning shot for financial markets fueled by elevated valuations and borrowed money. Last week, the fund led by Leopold Aschenbrenner was forced to offload most of its public

Ripple secured a Markets in Crypto-Assets (MiCA) Crypto-Asset Service Provider (CASP) license from Luxembourg's financial regulator, the CSSF, enabling the company to offer regulated crypto payment services across all 30 countries in the European Economic Area (EEA) under a single compliance framework. The approval addresses regulatory uncertainty that has slowed digital asset adoption among European financial institutions. Europe is rapidly integrating blockchain into core payment and treasury

Ondo Finance maintains its position as the largest tokenized ETF issuer by market capitalization, according to data highlighted by crypto analytics commentator @tokenterminal. Binance's bStocks and xStocks rank as the next biggest platforms in the sector. The ranking comes as Ondo Finance recently u

Benzinga launched a Prediction Markets Newsfeed API, giving brokerages, fintech firms and trading platforms real-time access to news explaining odds movements across event-based prediction markets. The product addresses growing demand for data explaining probability shifts as regulated event

Alteogen, the market capitalization leader on South Korea's KOSDAQ exchange, closed 3.75% higher at 277,000 won on the trading day discussed, marking its fourth consecutive session of gains ahead of the company's second-quarter earnings release. The biotech firm announced a technology export

CNBC 'Mad Money' host Jim Cramer announced plans to sell all of his Bitcoin holdings this week, citing fears that quantum computing could break the cryptography securing the network. The announcement followed a July 31 interview with IBM Chairman and CEO Arvind Krishna, who told Cramer investors

Binance-affiliated entities Nest Trading, DistributedTechnologies, and Chaintecs Consulting Singapore have filed a lawsuit against RedotPay in Hong Kong, accusing the crypto card company's co-founders of breaching a business agreement. The lawsuit alleges that RedotPay co-founders Gao Zhangpeng, Cha

Mattel Stocks fell further behind rival Hasbro following second-quarter earnings results that showed revenue beating Wall Street estimates but profits missing forecasts. Mattel reported net sales of $1.12 billion, exceeding the $1.10 billion analyst estimate compiled by the London Stock Exchange

World Chain plans to roll out streaming full EIP-7928 Block Access Lists inside every flashblock on mainnet on Aug. 17, becoming the first production Layer 2 blockchain to implement this feature, according to an announcement on Wednesday. The upgrade enables validators to verify blocks in parallel

Gold futures gained $23.00 on Tuesday, up 0.56%, settling above $4,110 after testing $4,136 in early New York trade. The advance followed the Bureau of Labor Statistics release of June job openings at 7.359 million, a decline of 178,000 from the prior reading and below the 7.40 million consensus,