Gate Insights and Crypto Market Analysis

South Korean legislators are set to review the possible abolition of a crypto tax plan scheduled to take effect next year after a national petition surpassed the required number of signatures. On Thursday, the petition seeking to repeal the planned crypto tax reached 50,000 signatures at

According to a report by The Sunday Times on May 21, the wife of Sébastien Borget, co-founder of The Sandbox, was targeted for an attempted kidnapping at her home in the Île-de-France region in northern France by six men. An attacker disguised himself as a delivery driver lured her into opening the door, and five masked accomplices then rushed into the yard to force her into a vehicle. After a neighbor intervened, the attackers were forced to flee; after two of them walked away, they called an U

The CLARITY Act passed the Senate Banking Committee on May 14 by a vote of 15:9, and still needs 60 votes to pass the full chamber, then be merged with the DCIA and House versions and signed into law. The focus is on stablecoin yield, DeFi, confidential-information provisions involving government officials, and the GENIUS amendment, with clear partisan divisions. In competition with summer and budget negotiations, FISA, and housing bills, Lummis warned that if it is not passed in the summer, it could be pushed to 2030 due to the need for cross-session procedure.

JPMorgan analysts say tokenised money market funds are unlikely to replace stablecoins as crypto's dominant liquidity instrument despite continued growth driven by investor demand for yield. The bank estimates the sector currently accounts for roughly 5% of the size of the stablecoin market.

Everclear and ZERO Network announced their shutdown on May 22, joining the 2026 DeFi protocol shutdown wave. Everclear’s monthly trading volume once reached $500 million, but it failed to turn that into sustainable revenue; ZERO Network users must complete the withdrawal of funds by July 31, otherwise block production will be halted. Everclear’s Shutdown Reason: Ran Out of Funds After a B2B2C Transition Everclear is a protocol built on a cross-chain fund rebalancing solver model. Its monthly tra

According to SoSoValue data, on May 21, total net outflows from Bitcoin spot ETFs amounted to $100.8 million, marking the fifth consecutive day of net outflows; BlackRock’s IBIT saw single-day net outflows of $103.6 million, the largest outflow product for the day, while Ark 21Shares’ ARKB was the only product to record net inflows ($2.83 million). Bitcoin Spot ETFs: IBIT led daily outflows, ARKB was the only net inflow The confirmed Bitcoin spot ETF fund flows for May 21 are as follows: BlackRo

OpenAI’s AI agent coding tool Codex added a “locked-screen remote control” feature to its weekly Thursday updates in May, allowing users to remotely take over and operate computer applications on a Mac while it is in a locked, black-screen state via the ChatGPT iPhone or iPad app. The implementation uses a low-level accessibility plugin authorized by Apple; when an operation request is initiated from the mobile device, it temporarily unlocks the system. How locked-screen remote control works: co

On May 22, CryptoCity reported that AMD (Advanced Micro Devices) CEO Lisa Su announced that AMD will invest more than $10 billion in Taiwan’s industrial supply chain, with a focus on expanding AI chip manufacturing and advanced packaging capacity, and will also release a new-generation rack-level AI server platform, Helios, with plans to launch in the second half of 2026. Confirmed Technical Specifications of the Helios Platform Helios is AMD’s new-generation complete platform designed for rack-

Bloomberg, citing anonymous insiders on May 22, reported that prediction market platform Polymarket has appointed a representative in Japan and is preparing to lobby for Japan to approve the legalization of prediction markets. The goal is to obtain approval from the Japanese government before 2030; the details of the plan have not been made public. Due to “regulatory requirements,” Japan is currently listed on Polymarket’s regional restriction list, which prohibits Japanese users from placing be

According to CryptoCity on May 22, Taiwan’s Premier Cho Jung-tai announced on Thursday after the Executive Yuan meeting where he heard a report on the “Implementation Plan for the AI Basic Act,” that the Executive Yuan will establish a “Special Committee on the AI Strategy,” with the Premier serving as convener to comprehensively coordinate, promote, and oversee Taiwan’s AI-related affairs. Taiwan AI Risk Management Timeline: Assessment Deadline in July, Industry Standards to Be Built Before 202

Strategy’s Bitcoin Plan Sparks Debate Michael Saylor has again stirred discussion in the crypto market. The Strategy executive chairman said the company could theoretically buy most of the remaining Bitcoin supply before the last coin is mined in 2140. Strategy, formerly MicroStrategy, trades