Gate Insights and Crypto Market Analysis

SanDisk, a US flash memory and SSD maker spun out of Western Digital last year, closed at US$1,409.98 on May 6, with shares surging nearly 430% this year as investors bet on rising demand for AI server storage, according to Chosun Daily. Long-Term Supply Contracts Secure Revenue The company

Bitcoin-centered DeFi platform Solv Protocol issued an announcement on May 7 (Thursday), announcing the gradual termination of LayerZero’s bridging support for SolvBTC and xSolvBTC, and switching to Chainlink’s cross-chain interoperability protocol (CCIP) as the official cross-chain infrastructure solution, covering an asset scale of more than $700 million.

Ankr, a Web3 infrastructure provider, has partnered with Kite, a Layer-1 blockchain focused on independent AI agents, to launch dedicated RPC services for the Kite Chain ecosystem. According to the announcement posted May 7, 2026, the collaboration aims to provide low-latency blockchain infrastructu

Pi Network co-founder Nicolas Kokkalis said at the Consensus Miami 2026 conference held in Miami, United States on May 7 (Thursday) that the increasing complexity of AI tools is driving an urgent need for crypto platforms to implement human identity verification mechanisms, and that Pi Network’s KYC system has completed identity verification for more than 16 million people, covering more than 200 countries.

Benchmark Equity Research analyst Mark Palmer released a report on May 8 (Thursday), reaffirming his “buy” rating for Bitdeer Technologies Group (ticker: BTDR) and a $27 price target, and said the company’s valuation is relatively low versus its peers.

According to Cointelegraph’s May 8 report, Chaos Labs founder Omer Goldberg disclosed on X on Thursday that the company detected an attack over the early May weekend allegedly initiated by a “state actor,” and has launched a full lockdown. According to Goldberg’s statement, the Chaos Oracle network was never compromised, and the scope of the attack was strictly limited to routine operational wallets.

South Korea's Ministry of Science and ICT and the Korea Internet and Security Agency will invest 12 billion won (US$8.31 million) in the 2026 Information Security New Technology Support Project, according to Chosun Daily. The program aims to support 50 companies working on 18 AI security tasks

Saudi Arabia's Public Investment Fund (PIF) opened an office in Shanghai in 2026 to support outbound deals in China and attract Chinese investment into the kingdom, according to the Saudi Public Investment Fund. The entity was registered in 2025 and began operating under PIF's existing Beijing offic

According to GMGN platform data, the Solana meme coin HANTA launched on May 7 and saw a significant surge on May 8 at around 6:00 a.m., with its market cap rising by more than 450% within an hour, briefly reaching $18 million before falling back to about $9 million. According to BBC, the World Health Organization (WHO) announced that the risk assessment level for the Hantavirus outbreak on the Dutch cargo ship MV Hondius is “lower.”

LG CNS, the IT services arm of South Korea's LG Group, launched its PhysicalWorks platform to train and manage mixed robot fleets through one unified software layer, according to The Korea Herald. At a demonstration, four robots from Unitree, Deep Robotics, Dexmate, and Bear Robotics moved boxes

Sony announced on May 8 in Tokyo that it expects operating profit to rise 11% to 1.6 trillion yen (US$10.2 billion) for the year ending March 2027, as gains elsewhere offset lower sales in its gaming business, according to Reuters. Operating profit for the year ended March 2026 rose 13.4% to 1.5 tri

Ramp, a New York-based corporate spend management startup, is in talks to raise US$750 million at a pre-money valuation above US$40 billion, according to TechCrunch. Funding History The company's latest funding activity follows a series of recent raises. In November 2025, Ramp raised US$300 milli

Bitcoin-centric DeFi platform Solv Protocol announced on Thursday that it will migrate to Chainlink from LayerZero, citing security concerns following industry incidents. The protocol will phase out LayerZero's bridging support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock, and TAC, designa

RLWRLD, a robotics AI startup backed by LG Electronics, unveiled RLDX-1, a foundation model designed for five-finger robotic hands in industrial applications, according to RLWRLD. The company released the model's weights, code, and technical documents on GitHub and Hugging Face. Model

According to the official earnings report released by Coinbase after the market closed on May 7 (Thursday), the company recorded a GAAP net loss of $394.1 million in Q1 2026. Based on the earnings report data, total revenue for the first quarter was $1.41 billion, below analysts’ expectations of about $1.5 billion; after the earnings report was released, Coinbase’s share price fell 4.7% in after-hours trading to below $184.

Kevin Hassett, director of the White House National Economic Council (NEC), said in an interview with Fox Business on May 7 that the Trump administration is considering requiring AI models to undergo government security review before being publicly released through an executive order, and he likened it to the FDA’s pre-market approval process for drugs. But according to Politico’s May 8 report, a senior White House official later said the remark was “misleadingly excerpted from context.”

The Australian Securities and Investments Commission (ASIC) warned financial firms to strengthen cyber defenses, citing advanced AI models such as Anthropic's Mythos as exposing software flaws, according to Reuters. ASIC Commissioner Simone Constant said firms should act before the threat becomes