Gate Crypto Flash News and Market Updates

According to ICE CEO Jeff Sprecher, Hyperliquid has grown to a scale "larger than Nasdaq" despite having only 11 employees. Sprecher also cautioned that the platform's SpaceX derivatives market could potentially exceed the size of a typical IPO transaction

According to Cointelegraph, Japan confirmed a record $73 billion (5.3 trillion yen) intervention in currency markets on May 29 to defend the yen's exchange rate. However, the currency has retraced most of its gains from the intervention.

According to a Reuters survey, the average U.S. crude oil price for 2026 is projected at $84.63 per barrel, up from the April forecast of $80.07 per barrel, reflecting a roughly 5.7% increase in expectations.

According to Iran, 24 vessels passed through the Strait of Hormuz in the past 24 hours on May 29 under the coordination of the Islamic Revolutionary Guard Corps.

According to Iran, 24 vessels coordinated by the Iranian Revolutionary Guard Corps passed through the Strait of Hormuz in the past 24 hours on May 29.

According to Italy's National Statistics Institute, the country's first-quarter GDP expanded 0.3% quarter-on-quarter on May 29, revised up from the initially reported 0.2% increase. The figure matched fourth-quarter 2025 growth. All demand components—consumption, investment, and trade—showed

According to Jin10 citing Israeli media, Israeli soldiers mistakenly opened fire on a civilian aircraft flying over the West Bank on Thursday evening, apparently confusing it with a drone. The incident occurred after residents of the Beit El settlement reported several unidentified drones in the air

According to Tom Lee, chairman of Ethereum's largest treasury fund BitMine, on May 29 during a CNBC interview, first-quarter earnings for S&P 500 companies beat expectations by $10 per share (actual EPS of $80 versus anticipated $70). On an annualized basis, this $40 earnings surge provides the

Anthropic released Claude Opus 4.8 today, building on Opus 4.7 with stronger benchmark performance and improved agentic capabilities. The new model is available immediately at the same price: $5 per million input tokens and $25 per million output tokens. The launch introduces effort controls on

According to FactSet, Snowflake soared 37% on Thursday after reporting quarterly sales and profit more than 20% above Wall Street forecasts. The company also announced a five-year, $6 billion computing capacity contract with Amazon Web Services, which will help it access lower-priced AI

On May 29, Federal Reserve official Schmid said the Fed may need to consider how to make monetary policy more restrictive, according to Jin10.

According to MSX.COM data, crypto-related stocks rose slightly in pre-market trading on May 29. CRCL gained 0.25%, COIN advanced 0.5%, MSTR rose 0.42%, and HOOD increased 0.62%.

According to Beating, Xiaomi's AI team released and open-sourced ControlFoley, a video audio generation framework that offers creators precise control over sound style through text descriptions or reference audio. Unlike traditional AI dubbing systems that infer sound from visuals alone, ControlFole

According to Lebanese Culture Minister Ghassan Salameh, Israeli airstrikes on southern Lebanon today (May 29) are endangering multiple cultural sites, including the UNESCO World Heritage-listed ancient city of Tyre, which has suffered intensive bombardment around its historical monuments.

According to the Shanghai Futures Exchange, effective June 2, 2026 (starting from the June 1 night session), intraday opening trading limits for fuel oil futures contracts FU2609, FU2610, FU2611, FU2612, FU2701, FU2702, FU2703, FU2704, FU2705, FU2706, and subsequent new contracts have been

According to Guru Club, WTI crude oil fell 2% intraday on May 29, trading at $89.24 per barrel.

According to BlockBeats, Federal Reserve Vice Chair Schmid stressed on May 29 that the Fed must clearly communicate its resolve to achieve price stability. Schmid noted that with inflation remaining above the Fed's 2% target for over five years, it is not the time to let vigilance slip, and