Gate Crypto Flash News and Market Updates

According to PANews, a whale on Hyperliquid opened a 5x leveraged long position on Bitcoin worth $25 million using $5 million USDC on May 5. The trader entered at $81,231 and set a stop loss at $77,000, representing a 25% loss threshold if Bitcoin

According to BlockBeats, on May 5, Apple began exploring new chip manufacturing sources by initiating preliminary talks with Intel and Samsung Electronics, seeking to diversify from its traditional reliance on a single supplier. The company is evaluating Intel's foundry capabilities and examining Sa

According to ChainCatcher, Hyperliquid is currently testing new event contracts on its testnet, including 15-minute crypto price movement markets for bullish and bearish outcomes.

According to ChainCatcher, Elastics, an AI prediction market operating system, has completed a $2 million Pre-Seed funding round. Frst led the round, with participation from ElevenLabs, XBTO, RedStone, and

According to ChainCatcher citing Gate data, U.S. stock indices rose at market open today (May 5). The Dow Jones Industrial Average gained 0.45%, the S&P 500 rose 0.57%, and the Nasdaq Composite advanced 0.76%. Storage stocks led gains, with Micron Technology up 6%, SanDisk up 3%, and Western

According to CME Group, the exchange reported average daily volume of 25.9 million contracts in April 2026, with growth concentrated in micro-sized contracts and energy derivatives. Micro WTI crude oil futures volume increased more than fourfold year-over-year, while cryptocurrency derivatives

LME copper prices rose 1.0% to $13,126.62 per ton in the latest trading session.

According to ChainCatcher, OnRe Finance completed a $5 million funding round led by Forward and Rockaway. The capital will accelerate the Solana-based reinsurance protocol's development. Forward plans to deploy up to $25 million toward OnRe's ONyc token to gain exposure to tokenized reinsurance

According to CoinDesk, on May 5, Galaxy Digital and State Street launched SWEEP, a tokenized cash management fund on Solana that enables institutional investors to manage stablecoins with 24/7 liquidity access, bypassing traditional market fund trading hours. The fund allows stablecoin allocation

According to CoinDesk 20 index data, the index jumped 1.3% since Monday with all constituents trading higher. Internet Computer (ICP) rose 5.2% and Chainlink (LINK) gained 4% during the period.

According to ChainCatcher, quantum chip developer QuantWare announced today that it has completed a $178 million Series B funding round, marking one of the largest financings in the quantum processor sector. The round was led by Intel Capital and IQT. QuantWare plans to use the funds to build the

Intel announced on May 4 that Alex Katouzian, a veteran executive from Qualcomm, has joined the company as executive vice president and general manager of the Client Computing and Physical AI Group, reporting directly to CEO Chen Lixu. Katouzian spent 25 years at Qualcomm, most recently serving as e

Nasdaq-listed K Wave Media has abandoned its bitcoin treasury plan and redirected $485 million to artificial intelligence investments, less than a year after raising $500 million for the original bitcoin

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 14% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Michael Saylor on X, MicroStrategy gained 63,410 BTC this year, valued at approximately $5.1 billion. The company currently holds 3.9% of the total Bitcoin network supply.

According to Fortune, AI agent platform Nova Intelligence completed a $31.5 million Series A funding round on May 5, led by Chemistry. Accel, Conviction, and SAP.io also participated in the round. Nova's platform analyzes, modernizes, and generates custom code for payroll, supply chain, and

According to BlockBeats, Jito Labs announced on May 5 that it will launch JTX, a consumer-focused cryptocurrency trading application, in July 2026, marking its expansion from infrastructure to frontend trading services. JTX will initially support spot trading on Solana, with perpetual futures and p

According to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI tokens (worth around $42 million) that were previously delegated to representatives and the foundation. The vote concludes on May 8, with current results showing 53% in favor, 46% abstaining, and

According to WSJ, MicroAlgo Inc. announced a quantum blockchain architecture on May 5 that integrates quantum key distribution (QKD) and quantum-safe channels (QSC) to enhance transaction security and transparency. The system features a four-layer design spanning quantum communication, blockchain co

According to The Block, Nasdaq-listed Solana ecosystem company SOL Strategies announced a definitive acquisition agreement with HoudiniSwap for $18 million. The deal structure comprises $8.25 million in cash, $5.75 million in six-month notes, and $4 million in STKE stock based on the 90-day volume-w