Gate Insights and Crypto Market Analysis

Chennai-based spacetech startup Agnikul Cosmos is in early talks to raise US$50 million to US$75 million at approximately a US$500 million valuation, according to The Economic Times. The funds are expected to expand production capacity. Agnikul has held preliminary talks with Avataar Ventures and

Malaysia is studying legal action against Meta under the Online Safety Act after authorities identified more than 15,000 fake social media accounts using the names of 26 royal family members between January and May, according to Bloomberg. Scope of Fake Accounts Communications Minister Fahmi

Nintendo shares fell 8% in Tokyo on May 11 after the company announced price increases for its Switch 2 console, according to Reuters. The Japanese-language Switch 2 Japan model will cost 59,980 yen (US$380), up 10,000 yen (US$64), effective May 25. Prices in markets including the US will rise

According to Crowdfund Insider, reported on May 11, Grayscale Investments, a digital asset investment firm, plans to launch a Cardano exchange-traded fund (ETF) by the end of 2026, with the expected ticker being GADA. The report said that if existing regulatory filings take effect in mid-August, it could trigger a streamlined review process, with trading potentially starting as early as late October. ETF Product Structure and Regulatory Timeline According to the Crowdfund Insider report, the GAD

According to data from SoSoValue cited by The Block on May 10, from when the Morgan Stanley Bitcoin Trust (MSBT) was listed on April 8 to May 7, over 22 trading days it recorded net inflows on 17 trading days and no net outflows on any single day; as of May 7, MSBT’s cumulative net inflows reached $193.6 million, and net assets were $239.6 million. MSBT first-month fund inflow details According to SoSoValue data cited by The Block, MSBT’s key first-month funding figures are as follows: Cumulativ

A report by Bloomberg on May 11, citing people familiar with the matter, said Canton Network developer Digital Asset Holdings LLC is raising funds at an approximately $2 billion valuation, led by a16z crypto, the cryptocurrency unit of well-known venture capital firm Andreessen Horowitz, for about $300 million in this round, with completion expected within the next few weeks. Funding Details and Deal Structure According to Bloomberg’s report citing people familiar with the matter, the target amo

According to an official statement posted on X on May 10 by Strategy CEO Phong Le, the company’s software business recorded its strongest quarterly performance in nearly ten years in Q1 2026, with revenue growth of 12%, cloud revenue growth of 59%, and controllable profit growth of 27%. Le also disclosed in the statement the bidirectional synergy between the company’s bitcoin treasury business and its enterprise software business. Q1 2026 Software Business Core Data According to Phong Le’s state

Bitcoin (BTC) gives back the weekend gains, trading around $81,630 as of May 11. Strategy co-founder Michael Saylor hinted that he will buy Bitcoin again; previously, during the Q1 earnings call, he had hinted that he might sell. A long-dormant Bitcoin OG address inactive for 12 years transferred 500 BTC, realizing profit of $40.17 million. Macro Events & Crypto Hotspots 1、Strategy co-founder Michael Saylor said the Bitcoin reserve company will resume buying Bitcoin this week. Previously, in a T

Taiwan Semiconductor Manufacturing Co. is likely to remain Apple's main manufacturing partner after Apple reached a preliminary deal for Intel to make some chips, according to Taiwanese analysts. TSMC retains an advantage in advanced packaging, chip yields, and power efficiency, which remain

Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun said in an X post on May 11 that the Sui network will roll out confidential transactions this year, enabling large-scale, free, privacy-protecting payments. Abiodun also disclosed that, since August 2025, Sui has processed more than $1 trillion in stablecoin transaction volume. Confidential Transactions and Zero-Fee Stablecoin Transfer Plan According to a report by The Block, Abiodun is positioning Sui as the “default network for f

U.S. President Donald Trump, in an interview with investigative journalist Sharyl Attkisson on May 10, again said he wants to go to Fort Knox to verify the state of the U.S. gold reserves, saying he wants to check whether the gold is still being stored in the vault. Fort Knox currently stores about 147 million ounces of gold, roughly 59% of the United States’ total gold holdings, and the last publicly disclosed audit took place in 1974. Trump’s May 10 Interview Remarks According to the interview

Bitcoin (BTC) gave back the weekend rebound as of May 11, trading at about $81,530. As reported by Axios on Sunday evening, U.S. President Donald Trump said in a phone interview that he would refuse to respond to Iran’s reply to the latest ceasefire agreement draft, and posted on Truth Social the same day that Iran’s response was “completely unacceptable.” Trump Refuses Iran’s Response: Axios Interview and Official Statements According to Axios, after waiting for 10 days, the U.S. received Iran’

The Senate Banking Committee announced on Friday that it will hold a markup on May 14 to advance comprehensive federal crypto legislation, marking the committee's second attempt to move the bill forward after a January cancellation. According to the article, the January markup was cancelled after ma

China International Capital Corporation (CITIC) assessed the current stage of the artificial intelligence market using a historical framework comparing it to the internet boom cycle of the 1990s. According to CITIC's analysis, the

The Korea Financial Research Institute released a report recommending that digital assets be taxed on high-value investors first, following the same equity principle applied to financial investment assets, according to researcher Bae Jin-soo on the 9th. The recommendation stems from the existing fin

Computing Power Supply and Demand Dynamics CITIC Securities research indicates sustained supply-demand strength in domestic computing capacity, with ongoing compute inflation. On the demand side, DeepSeek's Series A funding round reached up to 50 billion yuan, with core allocation directed

Bitcoin profit-taking is likely to increase further following the recent price rally, according to onchain analytics firm CryptoQuant. The analysis, published by The Block, examines whether the current market move represents a structural bull market transition or a temporary "bear market rally."