Gate Insights and Crypto Market Analysis

Three men were jailed at Southwark Crown Court on Thursday for a £4 million cryptocurrency fraud in which they impersonated police officers to steal from eight victims, the Metropolitan Police said. Anthony Ikenwe, 29, and Kevin Nwamma, 25, each received six-year sentences for conspiracy to commit f

Intuitive Surgical (ISRG) stocks tumbled over 10% in Friday's premarket trading following the company's second-quarter earnings report, with shares tracking toward 30-month lows near the $359 level. The medical device maker reported earnings per share of $2.8, beating analysts' estimate of $2.51, an

ether.fi selected Nexus Mutual on July 17 to provide crypto's largest-ever ETH Slashing Cover, protecting ether.fi's validators against up to 15,000 ETH worth of slashing penalties. The partnership addresses slashing risk as ether.fi continues seeing rapid adoption from retail and institutional

Russian forces are reportedly dropping booby-trapped wet wipe packs and power banks via drones in the Ukrainian city of Kherson, according to charity group Hope For Ukraine. The organization accused the Kremlin of deliberately targeting innocent residents and children with the explosive-filled

Cardone Capital added 10.5 BTC from July real estate cash flow, bringing total holdings to more than 2,700 BTC. Grant Cardone disclosed the purchase earlier today, extending a monthly buying strategy funded by rental income from the firm's multibillion-dollar apartment portfolio. The 10.5 BTC

Swedbank has agreed to pay a $50 million penalty after New York regulators found the bank withheld information about customers and relationships connected to the Panama Papers offshore money scandal. The New York State Department of Financial Services said Swedbank failed to cooperate fully with an

Apple (AAPL) stocks received a 'Buy' upgrade from HSBC with a price target raised to $366 from $260, while the iPhone-maker sent legal letters to around 40 former employees now working at OpenAI. The upgrade cited Apple's AI strategy, modest capital spending, and upcoming hardware launches, while th

Hong Kong Cable TV (01097) announced that its indirect wholly-owned subsidiary PHL has agreed to make a financial investment of $4.5 million USD (equivalent to HK$35.1 million) in a South Korean music festival organized and operated by OPG Group. The board of directors stated that entering into

Solana surpassed 300,000 real-world asset holders, reaching 300,130 wallets holding tokenized assets and becoming the largest blockchain network by RWA holder count. The network's tokenized asset ecosystem is valued at approximately $3.32 billion and hosts more than 2,120 tokenized asset types. The

Offshore perpetual futures and prediction-market contracts are trading on GPU pricing, Bernstein said. Architect's AX exchange, registered in Bermuda and outside the Commodity Futures Trading Commission's purview, lists perpetual-style compute futures, while Kalshi, a CFTC-regulated platform,

Google, Nvidia, SBI Holdings and Swiss bank AMINA announced a series of partnerships during the third week of July, spanning AI search infrastructure, robotics, prediction markets, tokenized securities and crypto payment rails. The deals center on backend systems required for AI agents, surgical rob

International Business Machines Corp. (IBM) shares are headed for their worst week in over 58 years after the company announced preliminary second-quarter results earlier this week. IBM shares were down nearly 2% in Friday's pre-market trade, with the stock now down nearly 24% for the week. If IBM s

XRP may be nearing a pivotal stage in its current market cycle, according to veteran market analyst ChartNerd, who projects a potential 10x-plus rally once the cryptocurrency confirms a long-awaited macro bottom. ChartNerd argues XRP has spent years building a massive accumulation base after an

Taiwan Semiconductor Manufacturing Co. triggered a chip sector sell-off after the company announced an increased spending forecast. Nasdaq-100 futures dropped as much as 2% in premarket trading this morning following yesterday's session that saw chipmakers including Arm Holdings, Micron Technology a

A Dutch court declared cryptocurrency platform Knaken Cryptohandel BV and its affiliated foundation bankrupt on Thursday after prosecutors said 7 million euros ($8 million) in customer assets were missing. The Rotterdam court issued the ruling to ensure an orderly settlement after Knaken blocked

Bitcoin investment products returned to inflows after investors withdrew approximately $8 billion over 8 consecutive weeks, ending what CoinShares described as the longest negative run on record for spot Bitcoin exchange-traded funds. The reversal followed two weaker-than-expected US inflation

SBI Group partnered with Ondo Finance to tokenize Japanese equities, bringing one of the world's largest capital markets onto the blockchain. Under the agreement, Ondo Finance will issue tokenized Japanese stocks through Ondo Global Markets (BVI) Limited, while SBI Group will distribute the

Bitcoin price moved toward $62,000 on July 17 as US military strikes on Iran intensified, pressuring risk markets globally. The cryptocurrency fell to an intraday low near $62,636 before recovering slightly above $63,000, while US stock futures declined and oil prices remained elevated near $85

Visa Business and Economic Insights released a projection last week estimating that $36 trillion in baby boomer wealth will transfer to Gen X and millennials over the next 20 years, a figure significantly lower than Cerulli Associates' estimate of $105 trillion passing from older generations to