Gate Crypto Flash News and Market Updates

According to Zawya, Saudi Public Investment Fund raised a record $7 billion in debt on Thursday (May 7) in its largest-ever bond sale. The offering consisted of three-year, seven-year, and 30-year tranches, which were more than three times oversubscribed. This marks the PIF's first bond offering

According to Jin Ten Data, on May 8, President Trump posted that oil prices have declined 25%, or approximately $30 per barrel, since the Biden administration, falling to $90 per barrel.

According to Xinhua News Agency, two Iranian oil tankers, SEASTARIII and SEVDA, were attacked near the Strait of Hormuz on May 8. Crews aboard the vessels transmitted radio distress calls requesting assistance following the

According to BlockBeats citing Hyperinsight monitoring, on May 8, three major BTC long addresses on Hyperliquid simultaneously closed positions over the past 30 minutes, creating 776 BTC sell orders worth approximately $62 million at an average price near $79,880. The positions were closed near

According to News Tomato, on May 7, the U.S. is advancing stablecoin institutionalization to maintain Treasury bond demand and dollar dominance in future payment markets. As China reduces Treasury purchases amid U.S.-China tensions, stablecoin issuers serve as major buyers to sustain demand. The

According to CoinMarketCap, Polygon reduced its block time to 1.75 seconds on May 8, marking the first such upgrade since launch as the network targets institutional adoption and stablecoin payments. The improvement enables faster transaction finality across applications running on Polygon,

According to Golden Ten Data, on May 8, U.S. President Trump posted an image claiming U.S. naval forces destroyed Iranian aerial targets using laser weapons, accompanied by the caption "Laser, boom, boom, destroyed."

According to Bank of America's Michael Hartnett team on May 8, the S&P 500 is on track for a fourth consecutive year of double-digit gains, a historically rare occurrence. The index is currently posting an annualized gain of approximately 20%. Hartnett and his team predict materials stocks will

Federal Reserve Governor Cook spoke at a digital assets conference in Senegal, declining to comment on economic or monetary policy prospects.

According to Block's investor presentation, the fintech firm recorded a $173 million bitcoin remeasurement loss in Q1 2026, contributing to a net loss attributable to common stockholders of $309 million. The loss reflects fair value accounting for Block's corporate Bitcoin treasury and customer bitc

According to Golden Ten Data, the UK Reform Party won over 200 parliamentary seats in England's local elections held on Friday (May 8), marking significant gains as Prime Minister Keir Starmer's Labour Party faced major losses in traditional strongholds across central, northern England, and parts

On May 8, Japanese fintech firm Progmat launched a working group with over 40 institutions including BlackRock Japan, major banks MUFG and Mizuho, and leading securities firms to explore tokenizing Japanese government bonds (JGBs) on blockchain. The initiative aims to enable instant repo

According to Beating, SpaceXAI (formerly xAI) is launching Grok Build, a desktop coding tool that was unexpectedly exposed today on Grok's web interface. The tool directly competes with Claude Code and OpenAI Codex. Grok Build will support macOS, Linux, and Windows. Unlike traditional chat-first in

According to Huanghe Whirlwind's board resolution on May 8, the company will establish a subsidiary in Emin County and invest 300 million yuan to build an annual production capacity of 450 million carats of synthetic diamond project. The project is part of a cooperation framework with China

According to Tanker Trackers, three empty Iranian oil tankers broke through the U.S. blockade and returned to Iran over the past two days.

Federal Reserve Governor Lisa Cook will deliver remarks in approximately 10 minutes. The specific topics and timing details were not disclosed.

According to Reuters, Iran established the Persian Gulf Strait Authority (PGSA) on May 8 to approve ship transits through the Strait of Hormuz and collect tolls from vessels passing through the chokepoint that carries 20 percent of global oil trade. The PGSA circulated an application procedure

According to msx.com data, crypto-linked U.S. stock futures showed mixed moves in pre-market trading on May 8. CRCL rose 1.48%, MSTR gained 0.92%, and ABTC climbed 0.86%, while COIN fell 2.14% and SBET

According to Odaily, Bitcoin mining company Core Scientific reported Q1 2026 total revenue of $115 million and net loss of $347 million. Bitcoin network average hashrate reached 970.8 EH/s this week (May 1-7), up 2.67% from the prior week's 945.5 EH/s, according to Cloverpool. Bitcoin