Gate Cryptocurrency News and Market Analysis

Grindr reported second-quarter revenue of $138 million, up 33% from a year ago, and raised its full-year guidance as CEO George Arison said the company's artificial intelligence investments are delivering measurable returns. The LGBTQ-focused dating platform on Thursday increased its 2026 revenue gu

Advanced Micro Devices said Thursday it entered into an agreement to acquire Taalas, a Toronto-based startup that makes chips for inference, as the generative artificial intelligence boom approaches its fourth anniversary. Taalas' accelerators are customized, or hard-wired for a single AI model, rat

Anthropic is hiring a custom silicon team to design chips for running its models, the company confirmed through a spokesperson. Business Insider noticed a job listing yesterday for a senior engineer with semiconductor design experience, with current openings visible on Anthropic's job board for a

Kathleen Allman, mother of late Ondo Finance founder Nathan Allman, filed a complaint in Delaware Court of Chancery on July 24 seeking control of the company and removal of Ian De Bode as chief executive and president. Allman alleges De Bode improperly assumed the CEO role without board approval

Uphold launched the Exa Credit Card, a Visa-powered product that allows XRP holders to borrow against their cryptocurrency holdings without selling their tokens. Introduced by Uphold U.S. President Nancy Beaton, the card is powered by Exactly Protocol, a decentralized finance lending platform, and e

Savers Value Village launched ThriftIQ, an AI-powered pricing platform designed to optimize product pricing across its men's and women's apparel assortment, the company told CNBC exclusively. The tool aims to reduce manual pricing work and bring greater consistency to the tricky-to-price thrift

Tesla and SpaceX confirmed on Thursday that their planned Terafab chip factory will be built in Grimes County, Texas, with an initial phase costing $16.8 billion and creating at least 3,000 jobs. Hours after the announcement, CEO Elon Musk posted on X that roughly 25% of the facility's AI

Wells Fargo will launch tokenized U.S. dollar-to-pound deposits this fall, moving commercial bank deposits onto blockchain rails to offer corporate clients round-the-clock settlement within the regulated banking system. Chief Financial Officer Mike Santomassimo stated that tokenized deposits will en

US stocks opened mixed Thursday as the Dow Jones Industrial Average rose 77.7 points, or 0.14%, to 54,426.85, while the S&P 500 fell 0.13% to 7,713.79 and the Nasdaq dropped 0.36% to 26,268.84. Technology losses weighed on the S&P 500 and Nasdaq Composite, even as record call-option activity

The Wall Street Journal reported on the 6th that US-Japan yen intervention uses the Fed's FIMA repo facility, adding liquidity to the US economy. Joint intervention began on the 31st of last month with dollar selling and yen buying. Treasury Secretary Scott Bessent stated the need to expand the

Coinbase's Base app will shift away from exclusive focus on its namesake blockchain as new leader Jordan 'Cobie' Fish builds a multi-chain trading platform, Base creator Jesse Pollak said Thursday during an interview on The Starting Block podcast. Fish took over Base app leadership last month

Florian Grummes, founder and managing director of Midas Touch Consulting, raised his gold allocation from 50% to 80% on Wednesday after a six-month pause. The shift followed Japan's Finance Ministry announcement on Aug. 3 that it would use the Federal Reserve's FIMA repo facility for currency

Sunshine Silver Mining & Refining completed its initial public offering in June, raising gross proceeds of approximately $310.5 million, as CEO Heather White said investors recognized the strategic importance of silver producers amid accelerating demand for critical minerals. The company sold 23 mil

Russian President Vladimir Putin signed the country's first comprehensive law governing digital currencies on Tuesday, state news agency Tass reported. The legislation establishes rules for how crypto is issued, stored, accounted for, and traded, covering exchanges, digital depositories, brokers, an

US spot Bitcoin exchange-traded funds recorded accelerated inflows over the past week, with daily deposits coinciding with the Coldcard wallet hack that drained over $116 million from more than 5,200 addresses. Bloomberg senior ETF analyst Eric Balchunas reported that BlackRock's iShares Bitcoin

OpenAI researchers Eric Wallace and Michael Dalton presented the company's first detailed timeline of an AI-driven Hugging Face breach Wednesday at the Black Hat cybersecurity conference. The incident began in May during an internal cybersecurity evaluation when AI agents assigned difficult

UWM Holdings suspended its quarterly dividend after reporting a $452 million net loss in Q2, triggering a 49% single-day stock decline. The US mortgage lender simultaneously announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital, a new investment vehicle