Gate Insights and Crypto Market Analysis

IBM, working with researchers at the University of Chicago, demonstrated what it calls 'trusted quantum advantage' by using 70 logical qubits to complete a computation beyond the reach of leading classical simulation methods. The experiment, which IBM says provides statistical evidence of result

The USD-JPY exchange rate plunged over 4 yen in the New York foreign exchange market on the 30th, with market speculation pointing to Japanese government intervention. According to Yonhap Infomax, as of 10:33 AM Eastern Time on the 30th, USD-JPY traded at 159.376 yen, down 4.137 yen (2.530%) from th

South Korean President Lee Jae-myung held his first summit with Chilean President José Antonio Kast on July 30 (local time) at the La Moneda Presidential Palace in Santiago. The two leaders discussed strengthening economic security cooperation, including critical minerals supply chain

Telegram founder Pavel Durov broke his silence after Russia accused him of facilitating terrorist activities, rejecting the charges as retaliation for refusing mass surveillance and censorship demands on Telegram. Russia's Federal Security Service (FSB) announced criminal charges against Durov and i

The US Commerce Department released June data for the core Personal Consumption Expenditures (PCE) price index on July 30 local time, showing a 0.1% month-over-month increase. The Federal Reserve's preferred inflation gauge rose below May's 0.3% increase and market expectations of 0.2%, according

The Ontario Securities Commission (OSC) reported that Canadian cryptocurrency ownership increased to 25% in 2026 from 10% in 2023, according to survey results released on Tuesday. The survey polled 2,360 individuals age 18 and over between December 2025 and January 2026, finding that 59% of

Jersey Mike's sandwich chain began trading on the New York Stock Exchange under ticker JMKE on Thursday morning after pricing its initial public offering at $23 per share. The chain sold 43.5 million shares, raising approximately $1 billion and achieving a $7.3 billion valuation, making this one of

OpenAI on Thursday announced price reductions for two of its GPT-5.6 artificial intelligence models, Terra and Luna, roughly three weeks after their public release. The company reduced Terra pricing by 20% to $2 per million input tokens and $12 per million output tokens, while Luna pricing

Shares of six bitcoin-mining companies pivoting to AI data centers surged Thursday following reports that Leopold Aschenbrenner's Situational Awareness fund liquidated its public stock portfolio. The fund needed to raise capital to meet margin requirements, according to CNBC. As of March 31, Situati

Unknown miners hold 230,770 bitcoin blocks, representing 24.03% of all blocks ever mined on the Bitcoin network, according to onchain statistics tracked by Cloverpool. This figure places the unknown category ahead of every named mining pool, including Antpool

The Federal Trade Commission, joined by California and Utah, sued telehealth provider Hims & Hers Inc. on Tuesday in the U.S. District Court for the Northern District of California, alleging the company shared sensitive health information with advertising platforms including Meta and Snap while

Republican Senator Thom Tillis and Democratic Senator Ruben Gallego finalized revisions to the conflict of interest provisions in the CLARITY Act on July 29, addressing one of the bill's most controversial aspects. The revisions aim to tighten restrictions on high-ranking federal officials'

Alphabet Inc.'s Google on Thursday launched Gemini Robotics ER 2, a reasoning model designed to help robots plan and coordinate complex tasks in real time. The model serves as a high-level reasoning system that breaks down objectives into smaller steps, coordinates multiple robots simultaneously and

Amazon is set to announce its second-quarter earnings after the bell on Thursday. Analysts expect earnings per share of $1.82 and revenue of $196.47 billion, according to estimates compiled by LSEG. Investors are closely watching Amazon and other hyperscalers' capital expenditures as sentiment

Shares of Nvidia-backed Nebius (NBIS) rallied on Thursday morning, on track to register their biggest single-day gain, amid a broader rally across the market after Microsoft (MSFT) earnings lifted sentiment. NBIS stock rose nearly 30% in morning trade and was among the top trending on Stocktwits. Th

Tokenized gold spot trading volume reached $90.7 billion in the first quarter as physical bullion rallied above $5,600 per troy ounce, but only $63 million worth of Tether Gold (XAUT) and PAX Gold (PAXG) is currently being used as collateral on Aave v3 and Morpho, according to a RedStone report.

The Bank of England left interest rates unchanged at 3.75% on Thursday, though three members voted in favor of a rate hike as the ongoing Middle East energy crisis continues to fuel inflationary pressures. Economists had expected only two members to support a rate increase. The decision reflects the

Japan slashed its growth forecast for fiscal year 2026 to 0.9% on Thursday, down from the 1.3% projection issued in January. The Cabinet Office cited surging crude oil prices and a weaker yen as primary drivers of the downgrade. The revision exposes how quickly Middle East tensions can reshape the o

The US Commerce Department reported on July 30 (local time) that second-quarter real GDP grew 1.5% on an annualized basis, marking a deceleration from the first quarter's 2.1% growth rate and falling short of the market expectation of 2.1%. The slowdown was driven by decreased federal government