Gate Insights and Crypto Market Analysis

Kathleen Allman, mother of late Ondo Finance founder Nathan Allman, filed a complaint in Delaware Court of Chancery on July 24 seeking control of the company and removal of Ian De Bode as chief executive and president. Allman alleges De Bode improperly assumed the CEO role without board approval

Uphold launched the Exa Credit Card, a Visa-powered product that allows XRP holders to borrow against their cryptocurrency holdings without selling their tokens. Introduced by Uphold U.S. President Nancy Beaton, the card is powered by Exactly Protocol, a decentralized finance lending platform, and e

Savers Value Village launched ThriftIQ, an AI-powered pricing platform designed to optimize product pricing across its men's and women's apparel assortment, the company told CNBC exclusively. The tool aims to reduce manual pricing work and bring greater consistency to the tricky-to-price thrift

Tesla and SpaceX confirmed on Thursday that their planned Terafab chip factory will be built in Grimes County, Texas, with an initial phase costing $16.8 billion and creating at least 3,000 jobs. Hours after the announcement, CEO Elon Musk posted on X that roughly 25% of the facility's AI

Wells Fargo will launch tokenized U.S. dollar-to-pound deposits this fall, moving commercial bank deposits onto blockchain rails to offer corporate clients round-the-clock settlement within the regulated banking system. Chief Financial Officer Mike Santomassimo stated that tokenized deposits will en

US stocks opened mixed Thursday as the Dow Jones Industrial Average rose 77.7 points, or 0.14%, to 54,426.85, while the S&P 500 fell 0.13% to 7,713.79 and the Nasdaq dropped 0.36% to 26,268.84. Technology losses weighed on the S&P 500 and Nasdaq Composite, even as record call-option activity

The Wall Street Journal reported on the 6th that US-Japan yen intervention uses the Fed's FIMA repo facility, adding liquidity to the US economy. Joint intervention began on the 31st of last month with dollar selling and yen buying. Treasury Secretary Scott Bessent stated the need to expand the

Coinbase's Base app will shift away from exclusive focus on its namesake blockchain as new leader Jordan 'Cobie' Fish builds a multi-chain trading platform, Base creator Jesse Pollak said Thursday during an interview on The Starting Block podcast. Fish took over Base app leadership last month

Florian Grummes, founder and managing director of Midas Touch Consulting, raised his gold allocation from 50% to 80% on Wednesday after a six-month pause. The shift followed Japan's Finance Ministry announcement on Aug. 3 that it would use the Federal Reserve's FIMA repo facility for currency

Sunshine Silver Mining & Refining completed its initial public offering in June, raising gross proceeds of approximately $310.5 million, as CEO Heather White said investors recognized the strategic importance of silver producers amid accelerating demand for critical minerals. The company sold 23 mil

Russian President Vladimir Putin signed the country's first comprehensive law governing digital currencies on Tuesday, state news agency Tass reported. The legislation establishes rules for how crypto is issued, stored, accounted for, and traded, covering exchanges, digital depositories, brokers, an

US spot Bitcoin exchange-traded funds recorded accelerated inflows over the past week, with daily deposits coinciding with the Coldcard wallet hack that drained over $116 million from more than 5,200 addresses. Bloomberg senior ETF analyst Eric Balchunas reported that BlackRock's iShares Bitcoin

OpenAI researchers Eric Wallace and Michael Dalton presented the company's first detailed timeline of an AI-driven Hugging Face breach Wednesday at the Black Hat cybersecurity conference. The incident began in May during an internal cybersecurity evaluation when AI agents assigned difficult

UWM Holdings suspended its quarterly dividend after reporting a $452 million net loss in Q2, triggering a 49% single-day stock decline. The US mortgage lender simultaneously announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital, a new investment vehicle

CryptoQuant reports that the largest XRP holder cohorts are accumulating supply as the token's price holds the $1.00–$1.20 range, according to research from the blockchain analytics firm. Julio Moreno, CryptoQuant's head of research, stated that these positioning patterns lower downside pressure

Bitcoin held above the $64,000 mark on Thursday, trading around $64,600 during Asian hours and posting modest gains on the day while remaining slightly higher for the week. The world's largest cryptocurrency extended its recovery from an early-week decline as investors balanced improving technical m

Iovance Biotherapeutics Inc. (IOVA) shares soared 34% on Thursday after the biotech firm reported second-quarter revenue of $99.3 million, beating analyst estimates of $87.8 million and driven by strong demand for its cancer therapy Amtagvi. The surge marks the stock's biggest single-day gain

Vangrid, a decentralized physical infrastructure network focused on collecting spatial data, raised $9 million in a seed funding round structured as a simple agreement for future tokens. The round included HashKey, Borderless, Crypto.com Capital, Animoca Brands, Gate Labs, and Mapleblock Capital as