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.

Wassh is approved to serve as FED chair, and Bitcoin falls below $80k

Bitcoin fell below $80,000 on May 14, trading at around $79,560. On Wednesday, the U.S. Senate confirmed Kevin Warsh as the next FED chair with a vote of 54 to 45, which is the final confirmation procedure following the transition from Powell. According to the CME FedWatch tool, the market is currently pricing a 30% probability of a FED rate hike in December, and the chance of a rate cut within the year has been ruled out. Confirmation procedure: two-step vote dates and Powell’s departure arrang
MarketWhisper·05-14 01:06
Wassh is approved to serve as FED chair, and Bitcoin falls below $80k

Former Police Officer Claims ChatGPT Caused 'AI Psychosis'

A former Canadian police officer has claimed that excessive use of ChatGPT—up to 16 hours per day—caused him to experience what he describes as "AI psychosis," leading him to believe he had solved fundamental mysteries of the universe. Tom Millar, 53, isolated himself from family and friends while i
CryptoFrontier·05-13 21:11
Former Police Officer Claims ChatGPT Caused 'AI Psychosis'

Circle Revenue Hits $694M as Arc Raises $222M

USDC circulation rose 28% to $77B, while on-chain transaction volume jumped 263% year-over-year to $21.5T. Circle raised $222M for ARC at a $3B valuation with backing from BlackRock, a16z crypto, Apollo, and SBI Group. Operating expenses climbed 76%, but adjusted EBITDA still
CryptoFrontNews·05-13 18:11
Circle Revenue Hits $694M as Arc Raises $222M