Gate Insights and Crypto Market Analysis

Pi Network token as of May 26 is quoted at about $0.1416, only 13% away from its all-time low. Santiment monitoring shows that Pi Network’s social activity score has dropped from 31 on May 8 to the current 1, indicating that social discussion has nearly disappeared. In the same period, Pi Coin’s smart money index (0.9063) has fallen below the benchmark signal average (0.9157). Santiment 社交活躍度的具體數據記錄 根據 Santiment 的最新監測數據，Pi Network 社交活躍度得分在 2026 年 5 月 8 日至 5 月 26 日之間由 31 降至 1，降幅達 97%。上一次類似的壓力記錄出現

Reuters reports that the European Commission has finalized the allocation of the 2 GHz mobile satellite spectrum band: two-thirds will be reserved for European companies, while the Starlink and Kuiper are only bidding for the remaining one-third. Existing licenses are held by Inmarsat/Viasat and Solaris/EchoStar, and they expire in 2027; the IRIS2 contract includes a 12-year long term agreement worth about €10.5 billion, of which about €6.5 billion is from public funding, with construction carried out by SpaceRISE (SES, Eutelsat, HispASAT), to be put into operation in 2030.

The Nasdaq 100 index first broke above the 30,000-point integer threshold in May 2026. The index covers major tech stocks with heavy weightings such as Apple, Microsoft, and Nvidia, and has long been seen as a barometer of risk appetite. Based on experience from multiple past cycles, Bitcoin and the Nasdaq 100 index have shown a positive correlation, especially during periods of loose liquidity. However, during this breakout, Bitcoin and major crypto assets have not followed higher; instead, the

Dudley noted that since 2021 inflation has remained above 2% for a long time, and that the 5–10 year outlook as well as the two-year forward indicators have both been rising, arguing that the case for rate cuts is weak; Wrosh, who took office as the Chair of the U.S. Federal Reserve on May 22, said inflation can be addressed effectively, while also facing pressure from the White House to cut rates. The next PCE data will be released in late June, and the market has not yet shown a clear policy direction.

OpenSea announced it is proposing the Ethereum open standard ERC-8257 (Agent Tools Registry), positioning it as an AI agent tools marketplace. The four-layer architecture consists of MCP, ERC-8004, ERC-8257, and x402. The core is made up of a tool list and access predicates, where predicates can be queried for states such as NFT ownership. The example shows an agent, after receiving a 403, buys an NFT on Base and retries; it ultimately responds with 200, and the entire process requires no human intervention. It is currently in draft stage, and OpenSea invites developers to contribute tools.

The CEO of the Chamber of Digital Commerce, Cody Carbone, sent a public letter to the head of the U.S. Office of the Comptroller of the Currency (OCC), Jonathan Gould, around May 27, rebutting claims made by Massachusetts Senator Elizabeth Warren. Warren said that the OCC’s approval of national trust charters for nine crypto companies allegedly violates the National Banking Act. 沃倫 5 月 18 日信件的具體指控內容 沃倫在 5 月 18 日致 OCC 署長古爾德的信件中提出三項核心主張：第一，上述加密公司「計劃從事的活動似乎遠遠超出了法律允許的狹窄範圍」；第二，這些公司「試圖規避作為銀行應有的基本保障措施和

The Wall Street Journal reported on May 26 that OpenAI plans to secretly file IPO paperwork within the coming weeks, aiming to complete the listing in September, with a target valuation of $1 trillion. BofA’s chief investment strategist Michael Hartnett confirmed that after SpaceXAI, Anthropic, and OpenAI complete their IPOs, the concentration of tech stocks in the S&P 500 index will reach 48%. 路透社與 WSJ 確認的 IPO 計畫細節 多份行業報告確認，高盛（Goldman Sachs）和摩根士丹利（Morgan Stanley）已在為 OpenAI 的 IPO 草案提供顧問服務。PitchB

Samsung Electronics' internal vote on a provisional labor agreement passed with 73.7% approval on the morning of the 27th, according to the company. The agreement, reached after marathon negotiations on the 20th with intervention from Korean government departments, temporarily resolves strike

TeraWulf announced on May 26 that it has acquired 285 acres of land in eastern Kentucky, naming it the “Muskie Data Campus,” with plans to build more than 1GW of artificial intelligence (AI) and high-performance computing (HPC) capacity. The company’s stock price rose 10.3% on the most recent trading day after the news was released, closing at $25.18. Muskie 園區的確認規格與分階段時程 依公司公告，Muskie 資料園區將分兩期建設：首批 500 兆瓦（MW）計劃於 2028 年下半年完成；另外 500 兆瓦計劃於 2030 年下半年完成，兩期合計達 1GW。TeraWulf 已確認取得與該項目相關的輸電和能源服務協議。據報道，肯塔

BeInCrypto reports: Binance’s 30-day liquidity index for XRP fell to about 0.043, the lowest since 2020, indicating insufficient order book depth and amplified intraday volatility. DNA Protocol announced that it is piloting in Uganda an XRP ledger testnet, using zero-knowledge proofs to anchor genomic identity; the mainnet deployment will adopt a dual burn mechanism with XDNA and XRP. Technicals: XRP’s daily chart has formed a symmetrical triangle; the lower trendline is $1.17 and the upper trendline is $1.70, closing at $1.33.

On May 23, the Belarus Council of Ministers and the National Bank (NBRB) approved a joint resolution to include cryptocurrencies (including Bitcoin) in the list of eligible underlying assets for non-deliverable over-the-counter (OTC) financial instruments. The resolution was published by Pravo.by’s official portal on May 26 and became effective starting May 27, as confirmed by the official documents cited by Office Life and Myfin.by. 更新後的合格基礎資產清單：四類標的確認納入 根據 Office Life 和 Myfin.by 引述的官方文件，更新後的非交

Bankless co-founder David Hoffman explained on X on May 27 the reasons for selling his Ethereum (ETH) holdings. He confirmed that this sale was not driven by a bearish view on ETH. Rather, he said the multi-layer coordination conditions required for the “ETH is money” thesis have not been adequately met, but he remains “extremely bullish” on the Ethereum network and its ecosystem. The purpose of the sale is to reallocate capital to other market opportunities. Hoffman 確認的立場：出售 ETH 不等於看空以太坊 Hoffma

New Hampshire’s HB639 compromise version is finalized with three core protections: paying with cryptocurrency, operating blockchain nodes, and participating in mining; it does not cover DeFi, stablecoins, or regulation of staking. The bill has been submitted to the governor’s office for signing; if it takes effect, NH will become one of the states with blockchain protections.

An analyst at the Russia IT security company Shard released a report on May 26 confirming that Russia’s 2025 crypto phishing attacks caused losses of 234 million rubles, accounting for 62% of the total yearly losses of crypto assets. Shard representatives said that phishing attacks are so prevalent because attackers don’t need to look for vulnerabilities in service infrastructure; they only need to trick wallet owners into voluntarily granting asset access permissions. 2025 年各類加密詐騙的確認損失金額 根據 Sha

Ripple received Bay Area workplace recognition after 95% of surveyed employees described the crypto solutions company as a great workplace, extending its multiyear presence on Fortune’s regional workplace lists. Key Takeaways: Ripple earned Bay Area workplace recognition with strong employee s

Bitcoin (BTC) continued to weaken and fall further, temporarily trading at around $75,940 on May 27. U.S. President Trump publicly expressed support for expanding the CFTC’s jurisdiction over prediction markets by CFTC Chair Michael Selig. XRP Ledger will launch the fixCleanup313 amendment on May 27, 2026. 宏觀事件 & 幣圈熱點 1、根據 The Block 報道，美國總統川普在社群媒體上發文，公開支持其任命的商品期貨交易委員會（CFTC）主席 Michael Selig 擴大對預測市場管轄權的努力，稱該問題「至關重要」。川普表示，維持 CFTC 對預測市場的專屬管轄權至關重要，預測市場應蓬勃發展。過去一年，Selig 一直主張 CFTC 對預測市場擁有「專屬管轄權」，並已對威斯康辛

Grayscale classifies corporate holders into DAT (providing Bitcoin exposure to public-market investors) and diversified operating companies. SpaceX holds 18,712 BTC, which falls under the latter; its fair value is about $1.637 billion, with a cost of $661 million, and it is custodied by a third party. SpaceX’s IPO is expected to file S-1 in June 2026 and has not been priced yet. DAT is mainly led by Strategy and others; SpaceX, Coinbase, Tesla, Block, and others are diversified companies. Polymarket shows SpaceX’s market-expected listing valuation mostly in the $2–$2.5 trillion range.

Taiwanese well-known music producer Huang Licheng (Majii Dage) deposited 287,900 USDC into HyperLiquid on May 27, increasing his 25x leveraged ETH long position to 6,325 ETH (about $13 million). On-chain analytics firm Onchain Lens data shows that his cumulative losses have exceeded $33.0 million. 5 月 27 日加倉細節：6,325 枚 ETH 的 HyperLiquid 倉位數據 （來源：Hyperliquid） 根據 Onchain Lens 的鏈上監測，黃立成此次存入 28.79 萬枚 USDC 後，其 25 倍槓桿 ETH 多頭倉位增至 6,325 枚，對應市值約 1,300 萬美元。累計虧損金額超過 3,300 萬美元。ETH 現貨價格截至 5 月 27 日約在 2,100 美元附

Bitcoin (BTC) fell from $78,003 to $75,740 on May 27. The drop was directly triggered by reports of an overnight military clash between U.S. and Iranian forces in the Strait of Hormuz, reversing the rally over the weekend driven by rumors of a breakthrough in U.S.-Iran diplomacy; the total amount of 24-hour leveraged liquidations in Bitcoin reached $100 million, and the crypto asset market saw nearly $350 million in liquidations on the same day. On the same day, U.S. President Trump led the Cabi