Gate Crypto Flash News and Market Updates

According to Prime Intellect, the company's Lab platform exited beta on May 7, 2026, moving to general availability as an end-to-end training environment for self-improving AI agents. The unified pipeline consolidates model improvement workflows, enabling users to define tasks, configure

The Commodity Futures Trading Commission fined New York-based trader Sidney Lebental $200,000 after finding he engaged in spoofing activity in US Treasury futures markets between January and September 2019. The regulator also imposed a one-month trading ban on commodity interests. According to

According to The Korea Times, Upstage completed its acquisition of AXZ, the operator of South Korean internet portal Daum, on May 7. The deal follows a January memorandum under which Kakao exchanged its full stake in AXZ for equity in Upstage. Upstage plans to apply its Solar large language model to

According to ChainCatcher, NanoVita announced it has permanently destroyed 99% of the total $NANA token supply by sending it to a burn address to increase scarcity and create long-term value for holders. The token price surged to $0.15, representing an 80% gain in 24

According to BlockBeats and Coinbob's address monitoring, Hyperliquid trader Loracle generated profits of approximately $9.8 million on May 7, driven by oil decline and gains in BTC and altcoins. Since establishing positions in August 2025, the trader has accumulated

According to its latest earnings report, Snap ended a deal with AI search startup Perplexity announced in November, scrapping a planned $400 million cash-and-equity payment over one year. The feature was tested with a small user group in Snapchat's Chat but the companies did not agree on a wider

According to BlockBeats, on May 7, trader Killa acknowledged his short position was entered too early and adjusted his stop loss to $84,000. Although he recognizes the position may be liquidated at the new level, Killa maintains his bearish outlook, citing that bear markets typically last 300-400 da

On May 7, European Central Bank Governing Council member Negrel stated that if Middle East tensions do not ease significantly, the ECB may raise interest rates in June. "If the outlook does not improve materially, I expect we will raise rates in June," Negrel said. The official added that

According to Israeli media N12, Iran has shown unexpected openness to transferring its 60% enriched uranium stockpile to a third country, though the two sides have not yet reached agreement on which country would receive the

According to its Q1 2026 SEC filing released Wednesday, American Bitcoin reported an $81.8 million net loss, compared with $59.5 million in the prior quarter. Mining revenue declined to $62.1 million from $78.3 million in Q4 2025, while operating expenses reached $150.7 million. The primary driver w

According to Pakistani officials, Pakistan held meetings in Islamabad on May 7 to prepare for potential US-Iran negotiations and possible agreement signing ceremonies. Pakistani military, police, and other relevant personnel also convened a joint meeting in Rawalpindi on the same day to determine se

According to BlockBeats citing Hyperinsight monitoring, Brent oil (BRENTOIL) fell below $98 on Hyperliquid on May 7, triggering forced liquidations of two whales' combined 305,000 long positions worth approximately $3.02 million. The liquidation prices were set at $99.8 and $97.8

According to blockchain security firm Blockaid, TrustedVolumes, a liquidity provider for decentralized exchange aggregator 1inch, suffered an ongoing exploit on Wednesday that drained around $5.87 million. The attack affected TrustedVolumes' resolver contract on Ethereum, with stolen funds including

Taurus has secured a MiFID investment firm licence through its Cyprus-based subsidiary Taurus Europe Ltd, allowing the digital asset infrastructure provider to deliver regulated investment services across all 27 European Union jurisdictions. The approval was granted by the Cyprus Securities and

According to Foresight News, AI-powered talent matching platform Ethos raised $27.5 million in Series A funding led by Andreessen Horowitz (a16z), with participation from General Catalyst, XTX Markets, Matt Miller, and Common Magic. The platform uses AI to interview candidates and analyze their

According to Jin 10 Data, on May 7, China's ChiNext Index rose 1.45%, refreshing its highest level in nearly 11 years. The Shanghai Composite Index gained 0.48%, while the Shenzhen Component Index climbed 1.18%. The Beijing Stock Exchange 50 Index surged 3.05%. Combined trading volume across Shangha

According to Golden Ten, offshore Chinese yuan broke through 6.8 against the U.S. dollar on May 7, marking the first time since February 2023.

According to Bloomberg, Moonshot AI, the Beijing-based startup behind the Kimi chatbot, raised approximately $2 billion in a funding round led by Meituan's venture arm Long-Z Investments, valuing the company at more than $20 billion. The company's annual recurring revenue exceeded $200 million in