Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Fed Suspends T-Bill Purchases Under RMP Program for One Month

The New York Federal Reserve Bank announced on August 13 (local time) that it will suspend Treasury bill (T-bill) purchases under its Reserve Management Purchases (RMP) program for one month, from August 14 to September 14. The suspension reduces the purchase volume from approximately $10 billion
LucasBennett·25m ago
Fed Suspends T-Bill Purchases Under RMP Program for One Month

Gemini Stocks Slide 7% After $108M Q2 Loss Despite Revenue Growth

Gemini reported a $107.7 million net loss for the second quarter despite revenue growing 37%, causing its stocks to slide more than 7% in after-hours trading on Thursday. The crypto exchange recorded $45.5 million in total revenue, up from $33.3 million a year earlier, while its net loss
BTC-0.12%
LucasBennett·35m ago
Gemini Stocks Slide 7% After $108M Q2 Loss Despite Revenue Growth

Intuitive Machines LUNR Stock Falls 13% Despite Record Q2 Revenue

Intuitive Machines (LUNR) reported record Q2 revenue of $206.2 million but saw its stock decline more than 13% in pre-market trading Thursday after results fell short of Wall Street estimates. The space infrastructure company posted revenue below the expected $221.1 million despite quadrupling
LUNR3.47%
LucasBennett·41m ago
Intuitive Machines LUNR Stock Falls 13% Despite Record Q2 Revenue

Gold Futures Fall 1% as $4,500 Resistance Pressures COMEX Prices

Gold futures fell over 1% on August 13 as downward pressure intensified near the $4,500 level. At 2:17 PM US Eastern Time, December delivery gold futures (GCZ6) on the Chicago Mercantile Exchange's COMEX traded at $4,419.30 per troy ounce, down $48.20 (1.08%) from the previous settlement
XAU-1.12%
LucasBennett·55m ago
Gold Futures Fall 1% as $4,500 Resistance Pressures COMEX Prices