Gate Cryptocurrency News and Market Analysis

Carvana stocks fell 15% during after-hours trading Wednesday after the auto retailer reported full-year 2026 earnings guidance that missed Wall Street expectations. The company guided for adjusted earnings between $2.7 billion and $3 billion for 2026, below Deutsche Bank's forecast of $3 billion to

BNY Mellon is launching a blockchain-based transfer agency platform covering $8.6 trillion across 7.6 million investor accounts. The world's largest custodian plans to digitize fund transaction processing and share ownership records while maintaining its traditional system in parallel, according to

Robinhood reported $100 million in cryptocurrency transaction revenue for the second quarter of 2026, exceeding analyst expectations of $86.6 million despite a 38% year-over-year decline. The performance reflected stronger-than-anticipated crypto trading activity during a period of softer digital

Hawkins County Commissioners in Tennessee voted unanimously 12-0 on Monday to ban the establishment, construction, installation, expansion, and operation of cryptocurrency mining facilities and data centers in unincorporated areas of the county, according to the commission's July 26 agenda. The vote

The Bitcoin Policy Institute hosted a policy event on July 29 in the House Select Committee on the CCP's hearing room, presenting research on Chinese Communist Party-connected influence operations targeting US AI infrastructure development. The research estimates approximately $23.6 billion in

The US government recorded negative tariff revenue for the first time in history in June 2026, with net customs duties receipts at -$25.6 billion. The negative figure resulted from refund outlays exceeding new tariff collections, triggered by a Supreme Court ruling in February 2026 that struck

Millennium Management is in talks to raise roughly $20 billion in fresh capital, doubling its earlier $10 billion target. The hedge fund, which already manages north of $92 billion, posted a 10.5% gain in 2025 and is structuring the raise in two tranches, part of which will replace capital

Microsoft reported fiscal Q3 2026 earnings that exceeded Wall Street expectations, with revenue reaching $82.9 billion against a consensus estimate of $81.4 billion. Earnings per share came in at $4.27, beating the $4.06 analyst forecast. The company's AI business achieved an annual revenue run

South Korea's cryptocurrency exchanges are trading XRP at nearly four times the volume of Bitcoin, according to market analyst Xaif Crypto, reflecting exceptional retail demand for the digital asset. The surge occurs as the country's stock market has tumbled 44% in just 40 days, erasing nearly $2 tr

Meta Platforms reported second-quarter revenue of $60.8 billion, exceeding Wall Street expectations of roughly $60.2 billion, while earnings per share declined to $6.18 from $7.14 a year earlier as massive AI infrastructure investments, legal charges, and restructuring costs weighed on

The US Federal Communications Commission added foreign-produced advanced robotic devices to its Covered List on July 28, prohibiting imports of humanoid robots, four-legged robots, and certain robot vacuum cleaners manufactured abroad. The Trump administration's FCC justified the ban by

Qualcomm reported fiscal third-quarter earnings on Wednesday that met analyst expectations but issued lighter-than-expected guidance for the current quarter, citing an ongoing supply crunch for computer parts, particularly memory. The chipmaker posted adjusted earnings per share of $2.21 on

Binance.US plans to apply for a U.S. Commodity Futures Trading Commission (CFTC) Designated Contract Market (DCM) license next month, CEO Stephen Gregory announced at the RareEvo conference. The exchange aims to launch regulated prediction markets as part of a broader comeback strategy centered on l

South Korean President Lee Jae-myung on 29th (local time) proposed that the Korea-Chile Free Trade Agreement must evolve to reflect the changed economic environment. He called for modernization to incorporate digital trade, artificial intelligence, clean technology, and critical minerals supply

Korean retail investors suffered an estimated 56.3 trillion won in losses as the KOSPI index plunged 1,092.51 points over two days and declined 32% over the recent month. The crash wiped out buying power as investor deposit accounts shrank 16.5% from 128.4 trillion won on the 18th of last month to 1

MoonPay launched PayBox, a payment vault integrated into Claude and ChatGPT that enables AI agents to execute transactions autonomously. The product uses multi-party computation (MPC) and trusted execution environment (TEE) cryptography to secure wallet keys, ensuring no single party—including MoonP

Starbucks is expected to report its quarterly earnings after the bell on Wednesday. Wall Street analysts surveyed by LSEG forecast earnings per share of 66 cents and revenue of $9.16 billion. The coffee giant's turnaround strategy, which prioritizes faster service and welcoming cafes over