Gate Crypto Flash News and Market Updates

According to reports, AI software stocks surged today, with Datadog rising over 30%, Snowflake up 10%, and MongoDB up 12%.

According to Manta Network, the protocol is closing its staking program, with staking rewards ceasing immediately. Node operators can withdraw at any time. The project cited concerns that inflation-based yield mechanisms would dilute MANTA holder value long-term. Manta Network plans to transition to

According to Odaily, Nasdaq-listed bitcoin treasury company Hyperscale Data announced an expansion of its digital assets and precious metals reserve strategy, including the purchase of 2,000 ounces of gold. The company currently holds 680.9595 Bitcoin and 10,000 ounces of silver, with plans to

According to Foresight News, Bitwise Asset Management will take over investment management of Superstate's Crypto Carry Fund (USCC) on June 1, 2026, with the fund to be renamed Bitwise Crypto Carry Fund. The fund currently manages over $267 million and generates returns by capturing the continuous p

According to Poland's central bank governor, the central bank holds approximately 600 tons of gold as of May 7. Poland plans to continue increasing its gold reserves, with a target of reaching 700 tons.

According to Adeniyi Abiodun, Mysten Labs co-founder, at Consensus 2026, the Sui network has processed more than $1 trillion in stablecoin volume since August. Abiodun positioned the blockchain as a future "default network for how you move money" through planned zero-fee stablecoin transfers and

Video Rebirth launched BACH on May 7, a tool that generates multi-shot videos of up to 30 seconds from text prompts and reference images. The tool maintains character consistency across shots, follows camera instructions, and produces native 1080p video with sound effects, voiceover, and

According to ChainCatcher, Blitzy, an AI coding company co-founded by former Nvidia architect Sid Pardeshi, has completed a $200 million funding round led by Northzone. Battery Ventures, Jump Capital, and Morgan Creek Digital participated in the round. The platform can parse complex systems with

Ripple, Mastercard, Ondo Finance, and JPMorgan recently completed a pilot transaction that redeemed tokenized U.S. Treasury holdings on the XRP Ledger and settled the related U.S. dollar payment across borders. The transaction involved Ondo's Short-Term U.S. Government Treasuries fund (OUSG). Ripple

According to ChainCatcher, Nasdaq-listed Treasure Global announced it will deploy $100 million to establish an ETH-focused digital asset treasury. The company plans to expand the treasury to include additional digital assets and said the framework will serve as a long-term capital allocation

According to official announcement, xStocks' xChange unified execution layer launched on Mantle, offering zero slippage and deep liquidity powered by Atomic RFQ. The platform enables 24-hour trading of 10 tokenized U.S. stock assets including Tesla (TSLAx), Nvidia (NVDAx), Apple (AAPLx), and Meta (M

According to Xinhua News Agency, on May 7, EU Parliament members and member states reached consensus to ban artificial intelligence systems from generating deepfake pornographic content. The prohibition will be incorporated into amendments to the 2024 Artificial Intelligence Act. European Parliament

According to the World Gold Council, global gold ETFs recorded net inflows of $6.6 billion in April, bringing assets under management to $615 billion, up 1% from the previous month. All regions contributed to the inflows, with Europe leading at $3.7 billion, followed by Asia at $1.8 billion and

According to TD Cowen analysts Lance Vitanza and Jonnathan Navarrete, the firm raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, citing the company's shift toward STRC perpetual preferred issuance as more capital-efficient for bitcoin accumulation. The revision implies

According to data from Chinese financial platform Jin10, U.S. continuing jobless claims fell to 1.766 million for the week ending April 25, below market expectations of 1.8 million. The previous week's figure was revised upward to 1.776 million from an initially reported 1.785 million.

According to BlockBeats, U.S. initial jobless claims for the week ending May 2 came in at 200,000 on May 7, below the market forecast of 205,000. The prior week's figure was revised upward to 190,000.

According to Odaily, analyst Garrett Jin published an analysis warning that despite market stability and Bitcoin approaching the $82,000-$83,000 range, underlying risks continue to accumulate. Jin flagged signs of stress including depleted corporate liquidity, airline bankruptcies, banks

According to The Information, Polymarket's attempt to re-enter the U.S. market after a four-year absence is facing significant headwinds. The platform acquired a derivatives and futures exchange with existing U.S. regulatory approval and appointed Justin Hertzberg to lead U.S. operations. However, p

According to ChainCatcher, prediction market platform Kalshi announced the completion of a $1 billion funding round led by Coatue Management, valuing the company at $22 billion. The platform allows users to trade on outcomes of events spanning sports, politics, and weather. Kalshi reported