Gate Insights and Crypto Market Analysis

Dell Technologies (DELL) announced its fiscal first-quarter results for the period ended May 1 on May 28. Revenue in the quarter was $4.384 billion, AI server revenue was $16.1 billion, and adjusted earnings per share were $4.86. After the results were released, Dell shares briefly rose 39% in after-hours trading, reaching a high of $443.86; ahead of the close, they were $317.05. Confirmed Q1 and FY2027 full-year financial data Dell’s Infrastructure Solutions Group (ISG, servers and data center

According to CoinTelegraph on May 29, the chair of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, and prediction market platform Kalshi have filed a lawsuit in federal court over Minnesota’s ban on prediction markets, while a similar legal dispute in Rhode Island has also heated up. Minnesota Governor Tim Walz signed a bill last week that bans advertising/promotional activities, the creation of, and operation assistance for prediction market platforms. Minnesota lawsuit: Co

An incident report published by Llamarisk to the Aave forum explains that a bridge exploit targeting KelpDAO’s Layerzero V2 rsETH route on Saturday allowed an attacker to extract 116,500 rsETH from Ethereum’s OFT adapter without burning any tokens on the source chain. Llamarisk’s report notes that t

Ripple CEO Brad Garlinghouse framed President Trump’s crypto post as a sign of a new U.S. policy opening for digital assets. XRP remains part of the broader market debate as lawmakers weigh clearer federal rules. Key Takeaways: Brad Garlinghouse said courts, voters, and Trump rejected

Standard Chartered Bank analysts issued a report on May 28, reaffirming an Ethereum (ETH) year-end target price of $4,000, and confirming that the 2030 target price remains at $40,000. Standard Chartered said that ETH’s current trading price of around $2,000 does not adequately reflect the real growth indicators of the Ethereum network. Standard Chartered confirmed that stablecoin-related activity has accounted for 33% of Ethereum’s trading volume this year to date. Bullish Arguments Confirmed b

On May 28 at around 23:00, the SPACEX-USDH perpetual contract on the Hyperliquid platform suddenly crashed, dropping to $1,254 within 30 minutes, a decline of nearly 45%. It then partially rebounded to about $2,169. According to Hyperliquid data, the crash led to 1,393 forced liquidations across 405 users, with notional losses totaling $1.51 million. Confirmed data on the crash-triggering mechanism Hyperliquid data shows that at the time of the event, a single large sell order exhausted almost a

Sui Network’s official account confirmed on May 29 on X that activity on the Sui mainnet has been restored. Previously, the network stalled (Network Stall) due to a Gas fee logic collapse vulnerability introduced with version 1.72. Sui officials confirmed that a complete incident recap will be published within the next few days. During this downtime, operations such as Sui mainnet fund transfers, DeFi contract interactions, and NFT minting were all halted. Sui Officially Confirmed Downtime Cause

Bitcoin’s sluggish trend has not ended yet; as of May 29, it is temporarily around $73,750. Crypto trading firm FalconX has filed an IPO application with the U.S. SEC, taking an important step toward a potential listing. Crypto exchange Gemini has launched a Grok-powered AI data source Command Center, which can deliver real-time insights, signals, summaries, and forecasts based on users’ preferences. Macro Events & Crypto Market Hotspots 1、According to The Block, crypto trading firm FalconX has

On May 29, Samsung Electronics announced it has begun shipping engineering samples of the industry's first 12-layer stacked HBM4E to major global customers, further consolidating its leading position in the next-generation high-bandwidth memory (HBM) market. The move addresses escalating AI

Lookonchain confirmed on May 29 that within the past 5 hours, U.S. government wallets transferred out about $805,000 worth of tokens again. This is the second consecutive record after approximately $1.9 million worth of tokens (including RNDR, UNI, SAND, MASK, AXS) were transferred into Coinbase Prime on May 28, sparking speculation in the market about sell-offs. Continuous transfer details confirmed by Lookonchain and Arkham (Source: Arkham) Lookonchain monitored and confirmed on May 29 that th

On May 28, New York City Mayor Zoran Mamdani announced the creation of the Committee on Government Efficiency (COGE), made up of 15 members. Its goal is to improve government efficiency by amending the charter approved by voters, with a promise not to cut any public services. The charter amendments proposed by the committee will be put to a vote on the November ballot, and 10 public hearings will be held across five boroughs. COGE’s confirmed operating framework vs. DOGE’s system At a press conf

On May 29, Bitcoin slid amid weakness, hitting a low of $72,669, and crypto market liquidations over the past 24 hours nearly reached $924 million. Iranian armed forces launched missiles at multiple targets late Thursday night, and Iranian state media Fars News Agency said the military operation had taken place. This happened only hours after a White House official confirmed to CNBC that the U.S. and Iran had “basically reached agreement on the terms,” with both sides planning to sign a 60-day m

The CFTC says its Gemini crypto case should never have been filed under current enforcement standards. The agency has joined Gemini in asking a federal court to remove remaining settlement restrictions after monetary penalties were already satisfied. Key Takeaways: The CFTC said the Gemini enf

Sui network mainnet experienced a service halt on May 28, 2026, caused by a crash bug in gas charging logic introduced in the v1.72 release, according to the Sui Foundation. The network resumed operations approximately six hours after the initial disruption. The Sui Foundation announced the outage v

Opening Cryptocurrency-aligned and pro-Israel political action committees spent over $45 million combined in U.S. House primary races through Thursday, according to Federal Election Commission data analyzed by Axios. Pro-Israel groups directed nearly $8 million to defeat Rep. Thomas Massie

VanEck Launches First US Spot BNB ETF on Nasdaq After SEC Filings VanEck launched the first United States spot BNB exchange-traded fund on May 28, 2026, trading under the ticker VBNB on Nasdaq. The launch followed months of regulatory engagement with the U.S. Securities and Exchange Commission

Aave Labs secured UK Financial Conduct Authority (FCA) registration for its Push subsidiaries—Push Labs Limited and Push Virtual Assets Ireland Limited—as cryptoasset exchange providers, expanding the company's regulated operations in Europe. The approval allows Push to conduct crypto-related

Opening Strategy, formerly MicroStrategy, acknowledged on May 5, 2026, during its Q1 earnings call that it may sell Bitcoin to retire debt or fund dividend obligations, ending a four-year pledge never to sell its holdings. CEO Phong Le told analysts the company would consider selling Bitcoin

Kalshi prediction market data shows a 47% probability of Bitcoin surpassing $100,000 at any point in 2026 as of mid-May, down sharply from 94% in January. The decline reflects persistent macro uncertainty, with Polymarket traders assigning just 11% odds to Bitcoin reaching $150,000 by