Gate Insights and Crypto Market Analysis

As of May 13, 2026, the U.S. Senate has completed the final confirmation process for the chairman nomination. Kevin Warsh is about to succeed Jerome Powell as the 17th Chair of the Federal Reserve. Powell’s term as chair will officially end on May 15—tomorrow. And the FOMC interest rate decision that was originally scheduled for the same day has been postponed to June 16–17 due to the personnel handover process, to be chaired by Warsh for the first policy meeting after taking office. This means

Derivatives data turns bearish, limiting SHIB upside despite recent breakout. Price holds near $0.0000064 support with RSI and MACD still bullish. Breakout remains valid if SHIB sustains above key EMA support zone. Shiba Inu shows mixed behavior after breaking out of a long

A Kremlin-backed Telegram channel released footage on May 13, 2026, allegedly depicting how Vladimir Putin's Satan-2 super-missile could destroy Downing Street, according to the Daily Star. The menacing warnings directed at the British Prime Minister's

Neil Sequeira, co-founder of early-stage VC firm Defy, argues that the venture capital deals generating the most heated arguments among investors are the ones that ultimately yield the highest returns, according to a VC10X video series episode summarized in this article. This contrasts with the

According to CoinPedia on May 13, Pi Network issued an official clarification on the meaning of the “pending KYC” status, explicitly stating that this status does not mean the application has been rejected. Instead, the system requires additional identity verification before final approval. Pi Network also disclosed that, at present, more than 18.1 million users have completed KYC verification, and more than 16.7 million users have migrated to the mainnet. Official explanation of “pending KYC” A

Bridgewater Associates founder Ray Dalio questioned Bitcoin’s hedging function on X on May 12, saying that Bitcoin cannot compare with gold in terms of central bank reserves, crisis hedging, and long-term stability; Strategy founder Michael Saylor immediately responded on a social platform, saying Bitcoin’s fixed supply and decentralization cannot be replicated. Dalio’s Core Arguments According to reports, Dalio said that a true safe-haven asset must have four characteristics: low volatility, hi

According to CoinTelegraph’s May 13 report, the Ethereum Foundation announced on Tuesday that the Clear Signing (plain-text signing) security feature released by the Ethereum community has been officially integrated into crypto platforms including Ledger, Trezor, MetaMask, Keycard, WalletConnect, Argot, and Fireblocks. Ethereum Foundation statement and background on blind-signing attacks In a Tuesday statement, the Ethereum Foundation said: “Approving transactions is supposed to be the last line

According to a May 11 announcement by the Federal Bank, Taiwan’s Financial Supervisory Commission (FSC), citing that MaiCoin, an offshore holding company, lacks substantive operating activities, ruled that the Federal Bank’s planned direct investment of approximately NT$850 million into MaiCoin’s offshore holding parent company, Modernity Financial Holdings, Ltd, does not comply with Article 74 of the Banking Act. Article 74 of the Banking Act: The legal basis rejected by the FSC Per the Federal

CLARITY Act may enable institutional XRP adoption and global settlement liquidity expansion. Ripple escrow and stablecoin corridors could support large-scale XRPL liquidity pools. XRP may revalue as high-velocity collateral if regulatory clarity strengthens. XRP traders are watching

On May 13, copper futures prices surged to a record high of $6.69 per pound, up 16.98% since the beginning of 2026, outpacing gold futures' gain of 8.38% over the same period. Citing crypto analyst Ash Crypto, BeInCrypto said that in 2017 and 2021, copper’s rise began about six months earlier than the spike in altcoins. Copper Futures Hits New High: Tight Supply and Growing Demand According to the report, JPMorgan said that Indonesia’s Grasberg copper mine is the world’s second-largest copper mi

According to HK01 on May 13, the High Court of Hong Kong approved on May 4 the application for a restraint order filed by the Department of Justice under the Organized and Serious Crimes Ordinance, issuing restraint orders in total to the founder of the Prince Group, CHEN Zhi, ZHOU Yun, WU An Ming, LI Thet, and 38 companies, with frozen assets totaling HK$8.94B. CHEN Zhi’s assets in Hong Kong: over HK$6.36 billion Based on HK01’s report and public information from the High Court’s restraint orde

According to data disclosed by SoSoValue on May 13, as of May 12 in U.S. Eastern Time, U.S. Bitcoin spot ETF net outflows totaled $233 million, while Ethereum spot ETFs combined saw net outflows of $131 million. A 13F filing submitted by Wells Fargo to the U.S. SEC shows that in the first quarter of 2026, the bank significantly increased its holdings of BlackRock’s Ethereum ETF (ETHA) by 63.5%. Bitcoin Spot ETF Fund Flows on May 12 (Source: SoSoValue) Based on SoSoValue data, the key metrics for

According to a report by Taiwan’s Central News Agency (CNA) on May 13, Taiwan’s Financial Supervisory Commission (FSC) announced on May 12 that it imposed a fine of NT$32 million on Taichung Commercial Bank (Taichung Bank) for multiple deficiencies in the bank’s deposit account opening procedures, ongoing customer identity due diligence, and account monitoring mechanisms. The penalty sets a record for the highest fine in Taiwan’s banking industry. FSC Penalty Decision and Legal Grounds for Viola

Treasury Cabinet Secretary John Mbadi has submitted Kenya’s Finance Bill 2026 to Parliament, introducing mandatory annual reporting requirements for virtual asset service providers alongside the reintroduction of a 20% withholding tax on gambling winnings, closing both lanes of the standard crypto-o

Elon Musk’s ongoing trial over a $134 billion lawsuit filed by OpenAI CEO Sam Altman continued on May 12, with Altman testifying in court. During his testimony, he described a late-night meeting held at Tesla in 2017, when Musk suddenly pulled out his phone and forced everyone present to watch a “meme” on the screen for “a very, very long time.” Meme incident: a late-night Tesla interlude According to a report by Intelligencer, Altman recalled in his testimony that in 2017 the two sides were ser

According to a May 12 X announcement from the DeFi protocol Avant, Avant said it would postpone the token generation event (TGE) to mid-September. Avant Rewards points will stop accruing on May 15, and all points users had accumulated previously will be retained; users will be able to participate in the airdrop when the TGE occurs in the future. Avant said the decision was based on the assessment that the current market environment is not suitable for a token launch. Reasons for the TGE Postpone

Legend CEO Jayson Hobby, who is dedicated to simplifying on-chain finance into a traditional app-like experience, announced on X on May 13 that the company has decided to shut down after two years of operations. According to Hobby’s statement, the Legend app will continue to operate normally for 60 days and will officially stop service on July 12; existing users should move their funds out of the app before the shutdown. Shutdown Reasons and Background of the Business Decision According to Jayso

Walmart is cutting or relocating approximately 1,000 corporate jobs as it consolidates its technology and AI teams, according to a May 12 memo from global CTO Suresh Kumar and AI executive vice president Daniel Danker. The restructuring is designed to simplify reporting lines, clarify ownership, and