Gate Cryptocurrency News and Market Analysis

South Korea's largest crypto exchange Upbit has partnered with Optimism Foundation to build a new Ethereum Layer 2 blockchain called GIWA Chain using the OP Stack, according to an announcement on Monday. Upbit will operate the chain itself while the Optimism Foundation provides technical support.

Coinbase Australia has launched support for self-directed retirement investing through self-managed super funds (SMSFs), according to a Monday blog post by Coinbase APAC Managing Director John O'Loghlen and executive Pete Patanapanlert. The offering includes downloadable data aligned with local acco

UAE Sovereign Wealth Fund discloses buying $320 million worth of Bitcoin ETF. This signals oil money flowing into crypto.  Response state it is bullish to see the country diversifying its portfolio into crypto. The price of Bitcoin has been slowly moving towards higher targets since the

Indian logistics firm Delhivery fell as much as 3.5% in early trade after Amazon announced it was opening its supply chain services to other businesses, according to The Economic Times. The move increases competition for logistics contracts, as Amazon's service allows companies to store and ship

Singapore's fintech sector experienced a recovery in 2024, with funding increasing almost 30% year-on-year to US$1.9 billion, according to Tech in Asia data. While total funding dipped in 2025, fintech startups in Singapore raised about US$1.6 billion, surpassing 2023's levels. In the first nine

Key Insights Cardano trades in a tight range between $0.23 support and $0.27 resistance, reflecting reduced volatility and cautious sentiment among traders. Open interest’s decline to $433 million signals fading participation, with traders closing positions instead of building new exposure i

Hut 8 replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, cutting debt costs by 200 basis points, according to the announcement. New Facility Details The facility is structured as a 364-day bitcoin-backed loan for $200 million. The arran

South Korea's largest crypto exchange Upbit has partnered with Optimism to build GIWA Chain, a new Ethereum Layer 2 using the OP tech stack, according to an announcement on Monday. GIWA Chain is the first chain to launch on the Self-Managed tier of OP Enterprise, meaning Upbit will run the chain

Turkey's central bank maintained its tight monetary policy in April 2026 despite persistent inflation and slowing economic activity, keeping its main interest rate at 37 percent to defend the lira and restrict credit, according to the bank's latest policy decision. The central bank has limited lira

Indonesia's Ministry of Communication and Digital has expanded its child protection rule for electronic systems, PP Tunas, to cover ecommerce, fintech, banks, search engines, and other digital services likely to be used by children, according to ministry official Mediodecci Lustarini. The rule

Tetra Trust has launched CADD, a new stablecoin backed by Shopify and National Bank of Canada among other supporters, designed to enable 24/7 cross-border settlement and real-time institutional transactions. The digital currency targets institutional users seeking to replace legacy batch settlement

Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) announced on April 4 that the country's combined oil and gas production in March reached 5.531 million barrels of oil equivalent per day, marking a historical record. The production surge reflects both operational expansion and

HSBC Holdings disclosed on May 5 that it intends to maintain its common equity tier one (CET1) ratio mid-term target range at 14% to 14.5%, according to the bank's first quarter 2026 earnings report. The group stated it is adequately prepared to address changes and uncertainties in the global

The UAE banking system faces mounting pressure as the monetary base (M0) declined by AED74.6 billion ($20.3 billion), or 8.2 percent, by March 30, 2026, following the US-Israeli war on Iran that began on February 28, according to an Oxford Economics report. Rising interbank lending rates and large-s

Grab announced it will adjust its Indonesia business following President Prabowo Subianto's government decision to cap ride-hailing commissions at 8%, down from approximately 20%, according to Bloomberg. The change is expected to primarily affect the company's two-wheel motorbike services in its

Aave LLC filed an emergency motion in federal court on May 1 seeking to lift a court-ordered freeze on roughly $73 million in ether recovered from the April 18 Kelp DAO exploit, arguing that temporary possession of stolen assets does not equate to ownership. The motion challenges restrictions preven

Milky Mist Dairy Food, an India-based dairy products maker, raised approximately 4.8 billion rupees (US$50.8 million) in a pre-IPO funding round led by Jongsong Investments, an indirect unit of Temasek Holdings. The round combines new share issuance and promoter share sales ahead of the company's

Payward, the parent company of cryptocurrency exchange Kraken, has closed a $550 million acquisition of Bitnomial. The deal grants Payward a full CFTC-regulated derivatives stack in the U.S., according to the announcement. CFTC Derivatives Regulatory Status The transaction provides Payward with c