Gate Insights and Crypto Market Analysis

Revolut announced on May 19 that it is launching its first physical cryptocurrency card, a Dogecoin-themed debit card equipped with an LED display. When users tap to pay, the screen will light up. The card can be used anywhere that accepts Visa and Mastercard, and will initially be launched in the UK and the European Economic Area (explicitly excluding Hungary, Switzerland, and Portugal). Revolut confirmed that it does not charge any additional exchange fees, but payments with the cryptocurrency

According to a report by Bits.media on May 18, Russia’s State Duma is reviewing a set of amendments to the “Digital Currency and Digital Rights Act,” requiring mandatory monitoring of all digital currency and digital rights transactions involving more than 1 million rubles. The State Duma is also considering bills related to administrative and criminal liability; in Russia, illegal organizations facilitating the circulation of cryptocurrencies will face a maximum prison term of up to seven years

Bitcoin (BTC) rebounded slightly from the overnight low, trading around $76,840 as of May 19. Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) may issue as early as this week an “innovative exemption” rule for tokenized stocks. Echo Protocol suffered an attack on the Monad chain; after hackers minted 1,000 eBTC, they withdrew funds via Curvance. Macro Events & Crypto Hotspots 1、According to Bloomberg, insiders revealed that the U.S. Securities and Exchange Commission (SE

Shanghai Jiliutech Co., Ltd., an AI infrastructure company founded in February 2023 and led by Tsinghua University PhD graduate Hu Xiaohao, formally submitted its Hong Kong Stock Exchange listing application with Guotai Junan International serving as sole sponsor, according to the company's

Dallas Mavericks owner and software billionaire Mark Cuban proposed on May 18 to impose a federal tax on AI tokens, with a rate of less than 50 cents per million tokens. The tax would apply to providers of commercial AI models; open-source models and local inference are excluded. Cuban estimates initial annual revenue of about $10 billion and said the tax could be used to repay federal debt or address challenges brought by AI. Confirmed Details of Cuban’s Proposal According to the key points Cub

On May 18, a nine-member federal jury in the U.S. District Court for the Northern District of California unanimously ruled against Elon Musk in his lawsuit against OpenAI and CEO Sam Altman due to the lawsuit being filed after the three-year statute of limitations expired. Judge Yvonne Gonzalez Rogers dismissed all of Musk’s claims on the spot. On X, Musk called the ruling a “calendar gimmick,” and his lawyer announced an “appeal.” The legal core of the jury’s ruling: the three-year statute of l

BlackRock and Google announced on May 18 the formation of a joint venture to create a new US-headquartered company providing data center capacity, operations, networking, and Google Cloud tensor processing units (TPUs) on a "compute as a service" basis. According to the partnership agreement, BlackR

On May 19, Bitcoin rebounded to above $77,000. On Monday, U.S. President Trump announced on Truth Social that the planned Tuesday attack on Iran has been canceled, saying that Middle East allies asked him to “delay it by two or three days,” and that a deal is very close. Trump warned that if an acceptable agreement is not reached, the U.S. should be prepared for an invasion. White House officials confirmed that Kevin Wosch is expected to be sworn in as the FED chair at the White House on May 22.

Elon Musk's AI startup xAI asked employees in March to share tax returns and supporting documents to train Grok on tax tasks before the April 15 US filing deadline, according to Bloomberg. The company offered participants US$420 and early access to X Money in exchange for their

On May 18, Matrix Supermind, an embodied AI robotics company, unveiled its next-generation humanoid robot MATRIX-3 at the 2026 Tech Day (AI DAY) event. CEO Zhang Haixing told澎湃新闻 and other media outlets that embodied AI is transitioning from L1 to L2 level this year, with the company targeting L3-le

CITIC Securities research noted that Figure 03 humanoid robot completed a livestreamed package sorting operation, marking acceleration of humanoid robots from laboratory stage to commercial application, according to the securities firm's report. The robot operated continuously for over 80 hours

Multiple U.S. media outlets reported on May 18 that Kevin Warsh will be sworn in as chair of the Federal Reserve on May 22, 2024. President Trump will hold the swearing-in ceremony at the White House. Senate Confirmation The U.S. Senate confirmed Warsh on May 13 with a vote of 54 in favor

Zhang Haixiao, an equity fund manager at Yongyingfund, stated in a recent appearance on The Paper's "Chief Connection" program that the current semiconductor 'super cycle' is fundamentally different from previous cycles due to a shift in demand sources from AI production rather than

At the 2026 Smart Computing Infrastructure Innovation Conference held in Q2 2026, multiple venture capital investors outlined a significant shift in how they evaluate AI-related opportunities, moving away from narratives centered on matching Nvidia's scale toward identifying specialized solutions an

The percentage of staked Ethereum has climbed to approximately 31% of total supply, up from 29% at the start of the year, according to The Block's on-chain analysis. This steady accumulation has continued largely independent of price, with ETH down roughly 26% year-to-date—a notable divergence from

SGX FX, a Singapore and London-based FX technology provider, has adopted Chainlink to make its premium over-the-counter foreign exchange data available to blockchain applications. The move expands institutional currency pricing into on-chain markets, using DataLink, an institutional-grade service po

HIVE Digital is pivoting from Bitcoin mining to a CAD 3.5b, 320 MW Toronto AI "super factory" hosting 100,000+ GPUs, sending its stock up over 35% on the news. Summary HIVE Digital plans to build a 320 MW AI infrastructure park near Toronto, pitched as one of Canada's largest sovereign AI "supe