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.

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-2.08%
MON-6.83%
BTC-2.57%
WBTC-1.22%
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-2.57%
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-2.57%
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-2.60%
MarketWhisper·05-19 05:35
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Bitcoin Depot officially files for bankruptcy, 9,000 crypto ATMs go offline

North America’s largest crypto ATM operator, Bitcoin Depot, officially filed for Chapter 11 bankruptcy protection with a U.S. court on May 18. About 9,000 Bitcoin ATMs went offline on a large scale under the company, and in some regions users cannot use withdrawal and cash-exchange services; the stock plummeted by over 70% that day. According to court documents, Bitcoin Depot faces issues such as high debts, rising operating costs, and falling transaction volumes. Confirmed Facts in the Bankrupt
BTC-2.57%
MarketWhisper·05-19 05:29
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FED report: In 2025, US cryptocurrency adoption reached 10%, a three-year high

According to CoinTelegraph on May 19, the FED’s “Report on the Economic Conditions of Households” shows that about 10% of U.S. adults reported using or investing in cryptocurrency at some point in 2025 for any reason, higher than the levels in 2023 and 2024— the highest in three years, but still below the 2021 peak. Confirmed Crypto Use Data Breakdown Breakdown by usage scenario (2025): As an investment tool: About 9% For payments: About 2% To remit to family or friends: About 1% Historical comp
MarketWhisper·05-19 05:24
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Bitcoin ETF saw a net outflow of $649 million in a single day, with Goldman Sachs fully exiting its XRP and Solana positions

According to SoSoValue data, on May 18 in US Eastern Time, Bitcoin spot ETFs had total net outflows of $649 million, while Ethereum spot ETFs had total net outflows of $86.31 million. On the same day, Goldman Sachs’ Q1 2026 13F filing showed that the firm has fully liquidated all its XRP and Solana ETF positions from Q4 2025, which had reached about $154 million. Confirmed data for Bitcoin spot ETFs on May 18 According to SoSoValue confirmations: Largest single-day net outflows: BlackRock IBIT:
GS0.31%
XRP-3.47%
SOL-3.45%
ETH-1.44%
MarketWhisper·05-19 05:17
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