Gate Insights and Crypto Market Analysis

U.S. Treasury Secretary Scott Bessent reiterated at a White House press briefing on May 28, 2026, that the Trump administration will not permit a central bank digital currency (CBDC), stating such systems are "off the table." Bessent emphasized the administration's focus on establishing the United S

On May 29, NFT marketplace Rarible announced on X that Impossible has completed the acquisition of Rarible’s brand and core platform assets. Impossible confirmed that this deal is its first foray into M&A and brand expansion. The scope of the acquisition covers only the Rarible brand and core platform assets, including the RaribleX infrastructure. Acquisition confirmation scope: Rarible brand assets and the independence of the RARI Foundation Rarible’s X announcement explicitly confirms that the

The prediction market platform Myriad launched a 2026 FIFA World Cup prediction contest on May 29, with a prize pool of up to $100,000, in partnership with Layer-1 blockchain D.Energy. Myriad co-founder and president Farokh Sarmad said that billions of viewers worldwide will watch the World Cup, showcasing how prediction markets work in global sports events. Confirmed prize structure and technical architecture for the Myriad World Cup competition Myriad confirmed that the distribution structure

According to Bloomberg reports on May 29, European Commission officials plan to travel to San Francisco to meet with representatives of Anthropic PBC to learn more about the Mythos model details and request access for the EU. Insiders said the officials are scheduled to visit San Francisco on Thursday, and all insiders asked to remain anonymous because the plan is still being formulated. EU seeks access to Mythos: confirmed background Since Anthropic revealed that the Mythos model has outstandin

In mid-May, the U.S. Department of Commerce approved procurement by about 10 Chinese companies for NVIDIA H200 artificial intelligence chips. Lenovo Group was identified as one of the distributors authorized to sell H200 in China. After the news was released, Lenovo’s stock price continued to rise steadily over just a few weeks. As of May 29, 2026, after the market opened, Lenovo’s gain at one point exceeded 30%, with a high of 25.7 HKD, before narrowing to 20%; it was temporarily quoted at 23.7

Aave Labs released an ARFC (Aave Request for Comments) proposal on May 29, proposing a standardized framework for listing technical assets for Aave V3, V4, and Horizon. Assets with major technical flaws will face reduced borrowing limits, restrictions on collateral parameters, delayed listing, or a recommendation to refuse to onboard the protocol. The proposal confirms that the framework does not replace market risk analysis and governance judgment, but instead provides a technical eligibility b

Opening Eight South Korean asset managers — Samsung Asset Management, Mirae Asset, Korea Investment, KB, Shinhan, Hanwha, Kiwoom, and Hanwha — launched 16 leveraged and inverse exchange-traded funds (ETFs) tracking Samsung Electronics and SK Hynix on

Entelligence AI’s investigation of 2,444 companies, released on May 26, shows that for every $1 spent on AI engineering, $0.82 is lost: $0.44 is used to fix errors, $0.27 to rewrite AI-generated code, and $0.11 is lost due to review and merge delays—only about $0.18 becomes a usable production system. Confirmed AI Engineering Loss Data: Entelligence AI and Lightrun （Source: Entelligence AI） According to Entelligence AI’s investigation of 2,444 companies, for every $1 of AI engineering spend: $0.

Super Micro Computer (SMCI) shares confirmed financial data on May 28: Q3 revenue of $10.24 billion; adjusted earnings per share (EPS) of $0.84, about 35% above market expectations. Earnings guidance significantly exceeded expectations, triggering an 18% one-day premarket rally on May 6; thereafter, there was a pullback through May 28. As of the end of May, analysts’ average target price was $35.73 to $37.62. SMCI Q3 2026 Confirmed Financial Results and Guidance Adjustment SMCI Q3 2026 confirmed

Wix CEO Avishai Abrahami informed employees on May 28 that the company will cut about 20% of staff (about 1,000 positions). This is the largest round of layoffs in Wix’s history. The layoffs were triggered directly by the news on May 13 that its Q1 earnings fell short of expectations. After the news broke, the stock price dropped 1.52% on the 28th to $52.65. Wix Confirmed Q1 Financial Results and the Stock Drop Wix confirmed Q1 financial results: revenue of $541 million (up 14% year over year),

Fidelity’s 2026 trend report says that Iran accepted Bitcoin, dollar-pegged stablecoins, and RMB payments for transit fees through the Strait of Hormuz in April, signaling a major shift toward alternative settlement mechanisms. The report also notes that gold’s share in central bank reserves has surpassed dollar assets, and that Bitcoin’s expected excess returns have not yet been realized; additionally, after the U.S. froze stablecoins, USDT continued to dominate payments.

Fidelity Digital Assets released a report on January 28 analyzing Iran's Bitcoin-based Hormuz Safe system as evidence that Bitcoin is entering international settlement and reserve asset discussions. Iran announced on January 18 the introduction of the Hormuz Safe system for managing passage

U.S. President Trump posted on Truth Social on May 28, calling the U.S. the “world’s cryptocurrency capital.” Within hours, the U.S. Securities and Exchange Commission (SEC), Ripple, and Tim Scott, the chair of the Senate Banking Committee, each weighed in, urging the submission of the “2025 Digital Asset Market Transparency Act” (“CLARITY Act”) for a full Senate vote. Public statements confirmed by each party: SEC, Ripple, and the Senate SEC Chair Paul Atkins confirmed on X that “the era of enf

Blockchain analytics firm Arkham disclosed on May 28 that a Zcash (ZEC) whale bought 265,018 ZEC on December 30, 2024 for $15.85 million, when ZEC was about $60. On May 29, ZEC was trading at $548.78, and the remaining 230,100 ZEC had a book value of about $126 million.

DAXA’s new rules for 5/29 require Upbit, Bithumb, Coinone, Korbit, and Gopax to step up monitoring, issue warnings, force re-authentication, and revoke API keys in stages when suspicious API sharing is detected, while also deploying an IP whitelist; the detection method has not been disclosed. FSS said market manipulation involved Spoofing, with repeated placing and canceling of orders creating false demand before raising sell orders; the number of affected accounts has not been disclosed. Background mentions the March 2022 3Commas incident, in which about 100 thousand API keys were leaked.

Oracle stock rose 3.18% on May 28, closing at $203.89. JPMorgan initiated coverage of Oracle for the first time, assigning a “Buy/Overweight” rating with a $210 target price. Oracle’s $30 billion cloud infrastructure agreement with the U.S. government took effect in early 2026. Oracle’s 2026 Q3 results beat expectations, with remaining performance obligations surging. Three confirmed day-of catalysts JPMorgan’s first-time coverage of Oracle, with a $210 price target, is a new catalyst for the da

Hypernova, an on-chain proprietary trading platform built on Hyperliquid, announced on May 28 that it has completed a $3 million seed pre-financing round. Lemniscap led the investment, with participation from Very Early Ventures, CMS Holdings, and Pivot Global. The round was structured as a SAFE with token warrants. Valuation was not disclosed. Funding details and the use of proceeds confirmed by Hypernova Bayramov confirmed that this round will conclude in mid-October 2025. The subscription amo