Gate Cryptocurrency News and Market Analysis

SpaceX plans to invest up to $100 billion in Louisiana to construct factories and multiple launch pads for its Starship rocket, according to news reported this week in the Rocket Report. The European Space Agency announced Thursday it signed contracts with three European launch startups to support d

Bitcoin surged above $81,000 during the week but dropped to around $78,000 following Federal Reserve Chairman Kevin Warsh's hawkish speech at Jackson Hole, subsequently recovering above $79,000. The price movements prompted analysis company Alphractal to release updated technical assessments

Bitcoin rallied above $80,000 this week, lifting crypto stocks as miners and digital asset treasury companies posted double-digit gains. The rally tracked a broader recovery fueled by the US Treasury's plan to double certain long-dated bond buybacks. Bitcoin extended its weekly advance past 23%,

Prediction markets platform Kalshi lost an appeal on Friday as the U.S. Court of Appeals for the Ninth Circuit upheld a lower court ruling that the federal government does not preempt Nevada's authority to regulate sports betting. The court ruled that Kalshi failed to demonstrate that the

President Trump signed an executive order on Friday at Johnson Space Center to establish a commission for creating the United States Space Academy, a new national institution under NASA jurisdiction. Trump stated the academy is necessary to educate and train an entire generation of skilled service m

Chicago Federal Reserve President Austan Goolsbee agreed with Federal Reserve Chair Kevin Warsh's inflation-focused stance during a CNBC interview on May 28 (local time). Goolsbee emphasized that services sector inflation remains too high and continues rising, which influenced his support for

Chinese mainland stocks closed mixed on August 28, with the Shanghai Composite Index declining 0.11% to 3,952.18 points while the Hang Seng Index in Hong Kong edged up 0.07% to 25,584.79 points. Technology and growth stocks faced selling pressure, with the ChiNext Index dropping 1.41% and the

Bitcoin rejected the $81,500 resistance level shortly after 9:30 p.m. Thursday and subsequently fell below $77,000 following Federal Reserve Chair Kevin Warsh's Jackson Hole speech on Friday. The cryptocurrency peaked at $81,455 before sliding to a session low of $78,442 around 10:15 a.m., then

The European Space Agency announced Thursday it signed contracts with European launch startups to support development of their vehicles through the European Launcher Challenge initiative. The contracts aim to expand European launch service supply and ensure more robust access to space. The initiativ

Imax CEO Rich Gelfond opened the door to a potential sale in December, and the company's stock hit an all-time high of $54.79 this week as its market cap approached $3 billion. The surge follows record-breaking box office performance, with global Imax ticket sales for "The Odyssey" surpassing $400 m

Marvell Technology shares fell 6% on Friday despite reporting a fiscal second-quarter revenue beat, as the chipmaker's raised fiscal 2028 outlook failed to meet investors' elevated expectations. The stock decline followed Thursday's earnings announcement showing revenue rose 37% to $2.7 billion,

Federal Reserve Chair Kevin Warsh warned on Aug. 28 that the central bank could have more work ahead if inflation pressures fail to ease. Speaking at the Fed's annual Jackson Hole symposium, Warsh said underlying inflation needs to show clear progress toward the central bank's 2% target. Warsh

Grayscale Research Head Zach Pandl analyzed Bitcoin's market behavior as the cryptocurrency surged above $80,000 in recent days. Pandl identified a significant shift in Bitcoin's correlations: its 90-day correlation with gold rose from near zero at the beginning of the year to over 50%, while its co

Evernorth Holdings, a Ripple-backed company built around holding XRP, moved one step closer to a Nasdaq listing this week after the Securities and Exchange Commission declared its Form S-4 registration statement effective, clearing the way for a shareholder vote on its merger with Armada

A-shares closed mixed on Friday (28th), with major indices collectively declining while Hong Kong stocks showed divergent performance. The Shanghai Composite Index fell 0.11% to 3952.18 points, the Shenzhen Component Index dropped 0.68% to 13953.07 points, and the ChiNext Index declined 1.41% to 342

Chinese crypto analyst Garrett Jin shared Bitcoin and Ethereum market expectations as global markets focused on Federal Reserve Chairman Kevin Warsh's Jackson Hole speech. Jin opened a new long position of 600 BTC on August 26th at approximately $79,000, bringing his total Bitcoin holdings to 1,868

Visa and Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, formed a strategic partnership to explore stablecoin payments, cross-border remittances and artificial intelligence-powered commerce. The announcement came Friday from Dunamu. The partnership aims to combine Dunamu's

Circle, the issuer behind the USDC stablecoin, announced a sponsorship deal with Chelsea Football Club on Friday, with USDC branding set to appear on player jerseys in the 2026/2027 season. The partnership comes approximately three months after the UK's Financial Conduct Authority sent warning

Bitcoin ETFs crossed $100 billion in assets on Thursday with $242.24 million in net inflows led by Blackrock's IBIT. The late-August rally continued drawing institutional capital across crypto ETF categories, with ether funds adding $234.51 million and solana ETFs receiving $60.91 million.

The United States lost 0.823% of its Bitcoin mining hashrate share between Q1 and Q3 2026, dropping from 37.523% to 36.7% and losing roughly 55 EH/s, according to hashrateindex.com data as of Aug. 27, 2026. Russia and China gained mining share during the same period, with Russia increasing from 16.4