Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Minnesota Permits Banks to Offer Crypto Custody Services

Minnesota has enacted legislation allowing banks and credit unions to offer cryptocurrency custody services. Governor Tim Walz signed HF 3709 into law on Friday, with an effective date of August 1, 2026. The bill permits "certain virtual-currency custody services to be offered and performed" by bank
EthanBrooks·05-19 06:57

Echo Protocol Exploited on Monad, ~$816K Stolen

Bitcoin-focused DeFi protocol Echo suffered an exploit on Monday, with the attack first flagged by pseudonymous crypto influencer DCF GOD on X at around 5:55 p.m. ET. According to onchain analytics, the attacker minted 1,000 eBTC — Echo Protocol's bitcoin liquidity token issued on Monad — and
ECHO-2.65%
MON-7.35%
BTC-2.66%
WBTC-1.54%
EthanBrooks·05-19 06:16

Minnesota Permits Banks to Offer Crypto Custody Services

Minnesota has enacted legislation permitting banks and credit unions to offer cryptocurrency custody services, with Governor Tim Walz signing HF 3709 into law on Friday. The bill takes effect on August 1, 2026, as the state continues establishing regulatory frameworks for crypto-related financial se
EthanBrooks·05-19 06:15

Reliance Negotiates Battery Components Supply with CATL

Reliance Industries, an Indian conglomerate, is in talks with China's CATL and other suppliers to purchase battery energy storage system components for its Jamnagar plant in Gujarat. The negotiations come as Reliance adjusts its renewable energy plans in response to tighter Chinese curbs on battery
LucasBennett·05-19 06:13

Congress Trading Debate Fuels Crypto Distrust

Congressional trading debates continue fueling distrust across crypto and retail investor communities online. Viral political posts increasingly influence financial discussions surrounding transparency and institutional accountability. Crypto communities continue favoring decentralized
BTC-2.66%
CryptoNewsLand·05-19 05:51

Congress Trading Debate Fuels Crypto Distrust

Congressional trading debates continue fueling distrust across crypto and retail investor communities online. Viral political posts increasingly influence financial discussions surrounding transparency and institutional accountability. Crypto communities continue favoring decentralized
BTC-2.66%
CryptoNewsLand·05-19 05:51

An Ohio investment manager orchestrated a $10 million cryptocurrency fraud scheme; after pleading guilty, he was sentenced to 9 years

On May 18, a resident of New Albany, Ohio, Rathnakishore Giri was sentenced to 9 years of federal prison, plus 3 years of supervised release. The charges allege that he orchestrated a cryptocurrency Ponzi scheme involving as much as $10 million. Most notably, after pleading guilty in October 2024, Giri continued raising funds from cryptocurrency investors while awaiting sentencing. Confirmed Criminal Conduct and Scam Methods Claimed identity (confirmed): Giri claimed to be an experienced cryptoc
BTC-2.63%
MarketWhisper·05-19 05:35
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