Gate Crypto Flash News and Market Updates

According to Wedbush analyst Dan Ives, the Nasdaq Composite Index will challenge the 30,000 level within the next year, driven by better-than-expected tech earnings and growing AI sector confidence. Ives noted that the current chip supply-demand gap stands at 10 times, indicating the AI revolution r

According to Tom Lee, Fundstrat co-founder and BitMine chairman, Ethereum's supply has been in deflation over the past year, with purchasing by crypto treasury companies and staking activity further reinforcing the

Ethereum fell below $2,300 intraday on May 12, declining 1.44% during the session.

According to Grayscale, on May 8, the firm filed for the first spot privacy-coin ETF seeking U.S. listing, converting its existing Zcash Trust into a spot product. Zcash (ZEC) traded as high as $600 intra-week, placing it inside the top 15 by market cap. Multicoin Capital simultaneously disclosed i

Gate News report: On May 12, according to Gate market data, as of the time of publication, ACA (Acala) is trading at $0.00114. Over the past 24 hours, it has risen 76.21%, hitting a highest of $0.00149 and a low of $0.000628. The 24-hour trading volume is $594.1k. The current market cap is approximately $1.3274 million. Acala is Polkadot’s decentralized finance network and liquidity hub. It is a layer-1 smart contract platform that is scalable, compatible with Ethereum, and optimized for DeFi, w

According to Bloomberg, Amazon is preparing its first Swiss franc bond sale to fund AI infrastructure. The company has hired BNP Paribas, Deutsche Bank, and JPMorgan to arrange six tranches with maturities ranging from three to 25

Gold fell below $4,700 per ounce on Monday, retreating from last week's gains as geopolitical tensions escalated. U.S. President Trump said Iran's response to his peace proposal was "completely unacceptable," while reports indicated Tehran offered to transfer some highly enriched uranium

According to ChainCatcher, Bitcoin (BTC) fell below $81,000 to $80,965.50 today, down 0.72% in 24 hours, based on Gate spot data.

According to Lookonchain, a trader lost $186,000 trading RKC tokens in one hour on May 12. The trader spent $250,900 to purchase 31.15 million RKC, then sold the entire position for only $62,200 after Roaring Kitty deleted a tweet, triggering a sharp price

Gate News bot message: Gate market data shows BTC has fallen below 81,000 USDT; the current price is 80,946.9 USDT.

According to PANews, Resolv Labs announced on May 12 that it is advancing recovery efforts and has reached consensus with Fluid, the primary affected protocol. The recovery framework distinguishes between pre-event and post-event exposures: positions with positive net value before the event will be

According to Jinshi Futures, at 09:30 Beijing time on May 12, WTI crude oil futures rose 0.74%, while U.S. natural gas futures rose 0.24%.

According to The Block, MoonPay has acquired Dawn Labs and is launching Dawn CLI, an AI-powered tool designed to help non-technical users craft prediction market trading strategies. Users can describe trading strategies in plain English, with the system automating research, code generation,

Australia's NAB business confidence index rose to -24 in April from -29 in the prior month, according to the National Australia Bank.

Australia's National Australia Bank (NAB) business confidence index fell to 3 in April from 6 in the prior month, according to the latest data release. The decline of 3 points indicates weakening business sentiment in the

According to Gate's latest data, USD/JPY rose 0.19% intraday to 157.419 on May 12. Gold prices also climbed to $4,749.68 per ounce, up 0.31% during the same period.

According to ChainCatcher, Australia's government plans to adjust its capital gains tax system in the upcoming federal budget, affecting cryptocurrencies and other digital assets. Currently, individual investors holding most digital assets for over 12 months receive a 50% tax relief on capital gains

Japan's Ministry of Finance will auction 3 trillion yen in discount bonds on May 19.

China's central bank conducted 500 million yuan in 7-day reverse repo operations today (May 12) at an interest rate of 1.40%, unchanged from the previous day. No reverse repo contracts matured today.