Gate Insights and Crypto Market Analysis

Ripple announced on May 19 that Ripple Prime has completed its integration with EDX Markets and EDXM International. Institutional clients can access EDX’s digital asset spot trading and perpetual futures liquidity through EDX’s global multi-asset prime brokerage platform via a single entry point. This integration is intended to help institutions manage fragmented liquidity and counterparty risk. Integration Architecture: Unified Access to EDX Markets Spot and EDXM International Perpetual Futures

Broadcom, Meta, Applied Materials, GlobalFoundries, and Synopsys are funding a US$125 million Semiconductor Hub at UCLA Samueli School of Engineering in California over five years. The program will support AI chip research and workforce training, with faculty and students collaborating with the

Zerion announced on May 22 that its Ethereum Layer 2 network Zero Network will be gradually shut down, with resources refocused on Zerion’s API and wallet services. Users need to move all NFTs, ETH, and other tokens out of Zero Network cross-chain to other networks by the end of July. Deposit operations have been suspended. Zerion confirmed users’ asset safety. Shutdown plan: deadlines, asset transfers, and deposit suspension In a post on X, the Zero team said, “We are gradually shutting down ZE

Cathie Wood-led investment firm Ark Invest purchased an additional $5 million in Bullish shares on Thursday across three exchange-traded funds, as the stock declined. According to Ark Invest's daily trading disclosure, the firm acquired a total of 139,117 shares of Bullish on Thursday for its

Singapore-based data center operator Digital Edge closed its first US$575 million holding company loan on May 22 to expand across Asia Pacific. The company attributed the financing to rising demand for hyperscale and AI-ready facilities in the region. Digital Edge is backed by US investor

Ripple Prime added EDX liquidity to give institutional clients unified access to digital asset spot and perpetual futures markets. The integration combines trading, credit, net settlement, and collateral tools within Ripple Prime’s brokerage platform. Key Takeaways: Ripple Prime integrated EDX

Opening Cursor, a San Francisco-based AI coding startup, reached a US$3 billion annualized revenue run rate in late April. The milestone comes as SpaceX prepares for an expected June 12 listing, which could open a potential

Singapore Management University launched the Urban SustaInnovator Fund on May 22, a US$10 million program designed to co-invest in early-stage urban sustainability startups. The fund will support expansion in Singapore and Asia, with first investments scheduled for Q4 2026. By positioning itself

According to The Print, on May 22, officials from India’s Ministry of Electronics and Information Technology (MeitY) said that MeitY has officially issued a ban order to Polymarket, and is preparing to issue a similar order to Kalshi as early as Friday. The basis is Section 69A of the Information Technology Act. The relevant orders are directed to internet service providers, requiring them to block access to the above-mentioned websites at the network level; non-compliance faces up to 7 years’ i

Zerion announced Thursday that Zero Network, an Ethereum Layer 2 focused on gasless transactions, is winding down after 1.5 years of operation. Zero Network initially went live in November 2024. The team stated that while the vision of building the first EVM-compatible, fully gasless rollup to

Galaxy Digital and BitGo faced off in court this week as their legal battle over a failed merger continues, according to Bloomberg. The dispute stems from Galaxy Digital's termination of its acquisition of BitGo in August 2022, roughly four years after the companies announced plans to merge in

The hybrid political action committee “Blockchain Leadership Fund,” co-founded by Chainlink Labs and Anchorage Digital in March, announced on May 22 its endorsement of 10 candidates for the 2026 U.S. midterm elections, saying it supports “candidates committed to advancing U.S. digital asset and blockchain policy.” Endorsed candidates list: 7 Republicans, 3 Democrats The four Senate candidates endorsed by the Blockchain Leadership Fund include Republicans running for the federal Senate seat in Al

Blockchain data firm Glassnode released a research report on May 22 confirming that in Bitcoin’s circulating supply there are 6.04 million publicly exposed public keys (over $469 billion in marketcap). In theory, if a sufficiently powerful quantum computer emerges, it could use the Shor algorithm to derive private keys from known public keys, putting the related holdings at risk of being stolen; the remaining 13.99 million BTC have not shown public key exposure. Two types of technical exposure:

Cardano founder Charles Hoskinson warned on May 21 that if the research funding proposal for 32.9 million ADA fails to pass before the June 8 deadline, Cardano will lose its scientists and its core research labs will be forced to shut down. Current on-chain voting shows that about 81% of active dRep are against the proposal, while about 18% support it. Voting status and proposal details: as of the June 8 deadline, the 67% threshold has not been reached The proposal is led by IOG Chief Scientist

According to Bloomberg on May 22, Galaxy Digital founder and CEO Michael Novogratz and BitGo CEO Mike Belshe both testified in Delaware Chancery Court this week. The two sides are litigating over a $1.2 billion cryptocurrency M&A agreement that collapsed in August 2022, with BitGo seeking at least $100 million in a reverse termination fee. Source of the lawsuit and legal timeline: a full five-year chronology The legal dispute between Galaxy Digital and BitGo has spanned five years. The following

Microsoft and EY announced they will invest more than $1 billion to help clients move artificial intelligence projects from pilot programs to large-scale deployments. The partnership targets finance, tax, human resources, and supply chain operations across multiple sectors. Microsoft will provide en

Former Ethereum Foundation (EF) researcher Dankrad Feist posted on X on May 22, proposing the creation of a new organization that aligns economically with Ethereum, with a minimum fundraising target of $1 billion, aiming to drive an increase in the price of ETH. Feist said that the amount of Ethereum currently held by the EF is less than 0.1% of the total supply, and there is no ETH staking or fee revenue inflow. Proposed New Organization: $1 Billion Threshold and Staking-Income Design In his po

Opening Modal, a New York-based cloud infrastructure startup, has raised US$355 million in a Series C funding round led by General Catalyst and Redpoint at a US$4.65 billion post-money valuation, according to CEO Erik Bernhardsson. The company helps developers run AI and other compute-heavy

According to Cryptopolitan on May 22, Germany’s Federal Parliament’s Finance Committee rejected the crypto tax reform proposal put forward by the Greens. The proposal aimed to remove the tax-exempt policy for selling cryptocurrencies after holding them for more than one year. Under Germany’s current laws, capital gains from the sale of cryptocurrencies held for more than a year are exempt from capital gains tax, and this rejection confirmed that the provision remains in effect. The Greens estima