Gate Crypto Flash News and Market Updates

According to ChainCatcher, Balcony, an RWA infrastructure platform built on Avalanche, announced the completion of a $12.7 million seed funding round led by Blockchange Ventures, bringing total funding to $14 million. The new capital will support the deployment of its real estate on-chain trading an

During the Consensus conference this week, Donald Trump Jr. denied that the Trump family has stepped back from World Liberty Financial, characterizing exit speculation as social media-driven misinformation. Trump Jr. said he and his siblings remain actively involved, despite rumors triggered by Trum

According to Bespoke Investment Group, U.S. GDP grew 2.0% in Q1 2026, with software and IT equipment investment contributing 134 basis points, or 67% of total growth—a record high. The five-quarter moving average of software and IT investment has surged significantly, exceeding the previous peak

According to Trump's overnight post on May 8, the S&P 500 index has surpassed 7,300 points, marking a new record. The president shared an image stating "Trump's stock market hits another new high."

According to ALEX, the Bitcoin DeFi protocol has completed its centralized exchange asset recovery efforts following the June 2025 exploit. The project stated that legal proceedings have been fully resolved with no further recoveries expected. Approximately 1.6 million STX from recovered assets

According to Bloomberg, Swedish AI startup Pit raised $16 million in a funding round led by Andreessen Horowitz, with participation from Lakestar and executives from major AI and tech firms. Sweden's Stena and Lundin families also joined the round. Pit has already secured pilot projects with Voi,

According to Jin10 Data, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) rebounded across main tenors on Friday, May 8. Overnight HIBOR rose 2 basis points to 1.48939%, marking its highest level since April 9. One-week HIBOR climbed to 1.45455% and two-week HIBOR rose to 1.45545%

According to analyst Murphy, the average cost basis for Bitcoin held 1-2 years (yellow line) crossed with the average cost basis for BTC held 1-3 months (orange line) in late April, signaling that Bitcoin has entered the late stage of a bear market. Additionally, the long-term Bitcoin valuation

According to Cointelegraph, SEC Chair Paul Atkins announced on Thursday, May 8, that the agency will shift from an enforcement-focused regulatory approach to one prioritizing clarity on how federal securities laws apply to digital assets. Following a memorandum of understanding signed with the

According to CCTV News, on May 1, the Japanese government began additional releases of strategic petroleum reserves from an oil base in Ibaraki Prefecture. The move follows a sharp decline in crude oil imports to Japan due to Middle East tensions, prompting the government to tap reserves to

Bitcoin surged above $65,000 today, gaining over 2.7% during the day, while Ethereum climbed above $1,900 with gains exceeding 3%. Cryptocurrency-related stocks rallied in after-hours trading, with MicroStrategy (MSTR) rising

Iron ore futures climbed above 770 yuan per ton, reaching a one-week high, as China's first-quarter gross domestic product accelerated to 5% year-over-year, exceeding the prior quarter's 4.5% and market expectations of 4.9%. Geopolitical tensions also eased, with reports indicating Washington and

According to JPMorgan Chase, the firm recently maintained a bullish outlook for the cryptocurrency market in 2026, citing expected institutional capital inflows and regulatory clarity. The bank's analyst team, led by Nikolaos Panigirtzoglou, estimates Bitcoin's production cost at

According to freight survey agencies, Malaysia's palm oil shipments fell over 34% month-on-month during April 1-15, with prices holding below 4,500 ringgit per ton near five-week lows amid weak export sentiment. Malaysia's palm oil inventories declined for a third consecutive month to a seven-month

According to Hong Kong Exchanges and Clearing Chief Executive Officer Edith Yip, London Metal Exchange (LME) warehouses approved in Hong Kong are approaching storage capacity saturation. LME began approving metal warehouses in Hong Kong last year, expanding from 4 facilities to 15 currently—a

According to Bank of Indonesia, the country's foreign exchange reserves declined to $146.2 billion at the end of April.

According to BlockBeats, Movement invested in Stableyard today (May 8), a full-stack stablecoin infrastructure provider. The strategic investment will support Stableyard's operations, including merchant onboarding and ecosystem integration. Movement plans to fully integrate Stableyard's payment stac

According to the Bank of Indonesia, the country's foreign exchange reserves fell to $14.62 billion at the end of April.

According to Golden Finance, U.S. Secretary of State Marco Rubio on May 8 approved $25.8 billion in emergency military sales to Bahrain, Israel, Kuwait, Qatar, and the UAE, including air defense interceptor missiles. The amount is three times the $8.6 billion in weapons sales announced by the U.S. g