Gate Insights and Crypto Market Analysis

In late May 2026, the progress of the US-Iran negotiations showed the clearest diplomatic signals since the escalation of the current round of conflict. On May 23, US President Trump publicly said the two sides had “basically reached” an agreement, and the Strait of Hormuz would be opened accordingly. Iran also confirmed that the memorandum of understanding is in the final stage of being finalized. Meanwhile, funding bets on the decentralized prediction platform Polymarket show that market expec

Decrypt report: MoonPay launches a dedicated app in the OpenAI ChatGPT app store, enabling users to generate checkout links for purchasing BTC, XRP, SOL, and USDC within conversations; after clicking, users go to MoonPay to complete KYC and link their wallet. Existing verified users can use deposit methods. MoonPay also announced Dawn CLI and MoonAgents Card as AI extensions.

According to The Block on May 24, Mysten Labs co-founder and CPO Adeniyi Abiodun announced that the Sui blockchain will set all stablecoin transactions to be private transactions by default at the protocol layer, with only the sender and the recipient able to view the transaction details; Sui allows regulators and token issuers to access users’ transaction data through a “issuer-controlled visibility” architecture to meet compliance requirements. Technical Architecture of Sui’s Privacy Model: Is

Security company Socket Security disclosed on May 25 an encryption-asset theft supply-chain attack activity named TrapDoor, and found more than 34 malicious software packages and 384 related versions in npm, PyPI, and Crates.io. Socket has reported to the affected registries, and some malicious packages have been removed; as of the time of reporting, some still remain. Malicious execution mechanisms in the three main registries (Source: Socket Security) npm (22 packages) deploys a shared certifi

Pi Network’s Protocol23 (v23), originally scheduled for release on 5/15, saw the core team say on 5/20 that it is still being upgraded. The update involves changes across multiple systems and the restructuring of internal data, with no confirmed completion time yet. It also announced a standalone ecosystem update, Pi App Studio, which will allow non-technical applications to connect via an AI platform to 60 million users, in parallel with v23. PI’s price fell from a 0.175 peak to a 0.145 low, and is currently hovering around 0.15. Its market cap dropped out of the top 50, down 13% over the past two weeks. OKX’s announcement of a U.S. listing did not trigger a rebound.

The Scottish Football Association (SFA) and the Chiliz cryptocurrency company announced a partnership on May 21 to launch an official SFA fan token on the Socios.com platform, specifically arranged ahead of the 2026 Summer World Cup. The SFA token is minted on the Chiliz Chain, and holders can receive voting rights over decisions related to specific clubs, exclusive reward experience, match-day privileges, and access to behind-the-scenes content. \$SFA Token Features and Holder Benefits \$SFA to

Adeniyi Abiodun, co-founder of Mysten Labs, stated that this new feature will allow users to leverage Sui’s network without announcing their holdings to the whole internet. He bets on this functionality to entice institutions to build on Sui, allowing them to offer controlled visibility on their

Blockstream CEO and Hashcash inventor Adam Back posted on X on May 24, reaffirming his long-term outlook on altcoins with the core argument of “buy Bitcoin, hold, repeat.” He directly confirmed his view that the efficient market hypothesis (EMH) will ultimately bring the prices of most altcoins, meme coins, and “air tokens” close to zero. Three Key Missing Points in Back’s Argument: Cash Flow, Demand, Moat Back’s argument centers on three basic elements that he believes most non-Bitcoin crypto a

A rumor claiming that Binance founder Changpeng Zhao (CZ) was swept away by strong offshore currents while surfing on a beach in Dubai on Sunday spread widely via WeChat groups on May 24. CZ immediately denied the rumor on X, saying Dubai is not a surfing destination, and that he was doing kitesurfing rather than surfing. Within hours of the rumor circulating, traders had already deployed fake meme coins on the Solana ecosystem under the codes SEAZ and RIPCZ, but the token prices plummeted quick

CoinDesk reported on May 25 that Project Eleven CEO Alex Pruden and NEAR Protocol co-founder and former Google AI researcher Illia Polosukhin, in interviews, both confirmed that AI is accelerating the development of quantum computing by optimizing quantum error correction algorithms, warning that “harvest now, decrypt later” attacks may already be underway. Technology mechanisms for AI to accelerate quantum computing: confirmed research progress Pruden confirmed that researchers have used machin

European stablecoin issuer StablR was hit by multiple signature attacks from the evening of May 24 to the early hours of May 25. The attacker minted 8.35 million USDR and 4.5 million EURR within about 3 hours by stealing 1/3 multisig private keys of the minting contract, and then sold them on a decentralized exchange, causing EURR to drop to about $0.85 and USDR to drop to about $0.64. The technical mechanism of the attack: how the 1/3 threshold multisig was breached Blockaid confirmed that the

A report released on May 21 by the Free Market Foundation criticized the draft’s provisions on private property and privacy. On April 17, South Africa’s National Treasury published a draft Capital Flow Management (CFM) regulations aimed at replacing the foreign exchange control regulations introduced in 1961. The draft includes provisions such as mandatory reporting of crypto holdings, mandatory surrender of crypto keys, and the ability to search, seize, and copy data without a search warrant. K

Bitcoin (BTC) rebounded from the weekend low, temporarily around $77,240 as of May 25. A New York Times investigation found that U.S. Commodity Futures Trading Commission (CFTC) officials who questioned the prediction market were suspended and sidelined. Bitmine increased its holdings of Ethereum to a total of 5.3 million ETH, and revealed it has been added to the Russell 1000 index candidate list. Macroeconomic Events & Crypto Hot Spots 1、According to a CoinTelegraph report citing a New York Ti

According to Bitcoin.com News, on May 24, the Silicon Valley law firm Fenwick & West LLP (the former chief outside counsel to FTX) agreed to pay $54 million to settle the federal class action lawsuits filed by former FTX clients. The settlement agreement has been submitted to the U.S. District Court for the Southern District of Florida and is pending final approval by U.S. District Judge K. Michael Moore. Settlement Terms: 120-Day Escrow Period and Court Approval Process Under the agreement term

On May 24, Ethereum co-founder Vitalik Buterin published a long post on X confirming that he holds about 90% of his net worth in ETH, with the remaining roughly $40 million allocated on-chain in the form of stablecoins to open-source biotechnology, software, and hardware projects. The Ethereum Foundation (EF) will reduce selling ETH and instead cover required expenses through protocol revenues and support from external capital, to extend the institution’s long-term viability. EF’s confirmed rest

Bitcoin rebounded on May 25 to above $77,000, while Brent crude slipped below $100 to around $98.83. U.S. President Trump on Sunday confirmed that there is a draft agreement between the U.S. and Iran, saying the deal has not yet been fully finalized and urging the public to stop adding unwarranted criticism about the situation; a White House official said the U.S. and Iran still need a few days to sign the agreement. An Axios source said the U.S. and Iran are close to reaching a memorandum of un

Opening The Ethereum Foundation's zkEVM team has proposed including EIP-8025 in the Hegota fork, according to discussions at the All Core Developers (ACD) meeting. EIP-8025 introduces Optional Execution Proofs, allowing Ethereum nodes to verify zero-knowledge proofs instead of re-executing all

Opening China's controlled nuclear fusion research has reached a critical inflection point, combining scientific breakthroughs with sustained patient capital from state-owned investors. The country's EAST tokamak—China's "artificial sun" facility—achieved a dual milestone of 120 million degrees

Fenwick & West LLP, the Silicon Valley law firm that served as lead outside counsel for collapsed crypto exchange FTX, agreed to pay $54 million to settle a federal class-action lawsuit filed by former FTX