Gate Insights and Crypto Market Analysis

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

Dell Technologies (DELL) announced its fiscal first-quarter results for the period ended May 1 on May 28. Revenue in the quarter was $4.384 billion, AI server revenue was $16.1 billion, and adjusted earnings per share were $4.86. After the results were released, Dell shares briefly rose 39% in after-hours trading, reaching a high of $443.86; ahead of the close, they were $317.05. Confirmed Q1 and FY2027 full-year financial data Dell’s Infrastructure Solutions Group (ISG, servers and data center

According to CoinTelegraph on May 29, the chair of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, and prediction market platform Kalshi have filed a lawsuit in federal court over Minnesota’s ban on prediction markets, while a similar legal dispute in Rhode Island has also heated up. Minnesota Governor Tim Walz signed a bill last week that bans advertising/promotional activities, the creation of, and operation assistance for prediction market platforms. Minnesota lawsuit: Co

An incident report published by Llamarisk to the Aave forum explains that a bridge exploit targeting KelpDAO’s Layerzero V2 rsETH route on Saturday allowed an attacker to extract 116,500 rsETH from Ethereum’s OFT adapter without burning any tokens on the source chain. Llamarisk’s report notes that t

Ripple CEO Brad Garlinghouse framed President Trump’s crypto post as a sign of a new U.S. policy opening for digital assets. XRP remains part of the broader market debate as lawmakers weigh clearer federal rules. Key Takeaways: Brad Garlinghouse said courts, voters, and Trump rejected

Standard Chartered Bank analysts issued a report on May 28, reaffirming an Ethereum (ETH) year-end target price of $4,000, and confirming that the 2030 target price remains at $40,000. Standard Chartered said that ETH’s current trading price of around $2,000 does not adequately reflect the real growth indicators of the Ethereum network. Standard Chartered confirmed that stablecoin-related activity has accounted for 33% of Ethereum’s trading volume this year to date. Bullish Arguments Confirmed b

On May 28 at around 23:00, the SPACEX-USDH perpetual contract on the Hyperliquid platform suddenly crashed, dropping to $1,254 within 30 minutes, a decline of nearly 45%. It then partially rebounded to about $2,169. According to Hyperliquid data, the crash led to 1,393 forced liquidations across 405 users, with notional losses totaling $1.51 million. Confirmed data on the crash-triggering mechanism Hyperliquid data shows that at the time of the event, a single large sell order exhausted almost a

Sui Network’s official account confirmed on May 29 on X that activity on the Sui mainnet has been restored. Previously, the network stalled (Network Stall) due to a Gas fee logic collapse vulnerability introduced with version 1.72. Sui officials confirmed that a complete incident recap will be published within the next few days. During this downtime, operations such as Sui mainnet fund transfers, DeFi contract interactions, and NFT minting were all halted. Sui Officially Confirmed Downtime Cause

Bitcoin’s sluggish trend has not ended yet; as of May 29, it is temporarily around $73,750. Crypto trading firm FalconX has filed an IPO application with the U.S. SEC, taking an important step toward a potential listing. Crypto exchange Gemini has launched a Grok-powered AI data source Command Center, which can deliver real-time insights, signals, summaries, and forecasts based on users’ preferences. Macro Events & Crypto Market Hotspots 1、According to The Block, crypto trading firm FalconX has

On May 29, Samsung Electronics announced it has begun shipping engineering samples of the industry's first 12-layer stacked HBM4E to major global customers, further consolidating its leading position in the next-generation high-bandwidth memory (HBM) market. The move addresses escalating AI

Lookonchain confirmed on May 29 that within the past 5 hours, U.S. government wallets transferred out about $805,000 worth of tokens again. This is the second consecutive record after approximately $1.9 million worth of tokens (including RNDR, UNI, SAND, MASK, AXS) were transferred into Coinbase Prime on May 28, sparking speculation in the market about sell-offs. Continuous transfer details confirmed by Lookonchain and Arkham (Source: Arkham) Lookonchain monitored and confirmed on May 29 that th

On May 28, New York City Mayor Zoran Mamdani announced the creation of the Committee on Government Efficiency (COGE), made up of 15 members. Its goal is to improve government efficiency by amending the charter approved by voters, with a promise not to cut any public services. The charter amendments proposed by the committee will be put to a vote on the November ballot, and 10 public hearings will be held across five boroughs. COGE’s confirmed operating framework vs. DOGE’s system At a press conf

On May 29, Bitcoin slid amid weakness, hitting a low of $72,669, and crypto market liquidations over the past 24 hours nearly reached $924 million. Iranian armed forces launched missiles at multiple targets late Thursday night, and Iranian state media Fars News Agency said the military operation had taken place. This happened only hours after a White House official confirmed to CNBC that the U.S. and Iran had “basically reached agreement on the terms,” with both sides planning to sign a 60-day m

The CFTC says its Gemini crypto case should never have been filed under current enforcement standards. The agency has joined Gemini in asking a federal court to remove remaining settlement restrictions after monetary penalties were already satisfied. Key Takeaways: The CFTC said the Gemini enf