Gate Crypto Flash News and Market Updates

At the time of writing, Bitcoin broke above $82,000 to reach its highest level since late January, driven by $2.44 billion in spot ETF inflows during April and over $300 million in short liquidations in 24 hours. BTC traded near $82,300, up approximately 14% from early April lows. BlackRock's IBIT a

According to Odaily, the U.S. April ADP employment data will be released today (May 6) at 20:15 UTC+8, with market expectations at 99,000 new jobs versus prior 62,000.

According to AXIOS, on May 6, U.S. and Iranian officials said the two sides were approaching an agreement on a one-page memorandum to end the conflict. The U.S. expects Iran to respond to several key issues within 48 hours. No agreement has been reached yet, but sources said this is the closest the

According to Odaily and LatePost, Kimi (Moonshot AI) is set to complete a $2 billion funding round with post-money valuation exceeding $200 billion, led by Meituan Dragon Pearl. The round also includes participants such as China Mobile and CPE (China Citic Industrial Fund), with Dragon Pearl alone i

According to its first-quarter 2026 earnings call, Strategy said it may sell bitcoin to fund dividend payments tied to STRC, its high-yield perpetual preferred stock, marking a departure from its long-standing "never sell" stance. Chairman Michael Saylor stated the company would use bitcoin sales as

SC Ventures, the fintech arm of Standard Chartered, has invested in GSR, introducing itself as the first external strategic shareholder in the crypto liquidity provider since its founding. The partnership will focus on developing infrastructure for institutional participation in digital asset

According to South China Morning Post, Chinese chip designers Moore Threads and MetaX devoted 50% and 45% of revenue to research and development in the quarter ended March 2026, respectively, outpacing AMD and Intel's 20-30% R&D-to-revenue ratios in recent years. However, Chinese firms still trail

According to Foresight News, Stable's mainnet v1.3.0 upgrade will activate on May 13 at 15:00 UTC at block height 24,077,500. The upgrade enhances execution security and improves network consensus by strengthening protection for precompiled execution, fixing EVM execution inconsistencies, and improv

According to TD Cowen analyst Jaret Seiberg, major U.S. bank trade groups—including the Bank Policy Institute, Financial Services Forum, Independent Community Bankers of America, Consumer Bankers Association, and American Bankers Association—formally opposed a proposed stablecoin yield compromise on

According to Coinglass, liquidations across all cryptocurrency exchanges totaled $349 million in the past 24 hours, with long positions accounting for $84.17 million and short positions $265 million. Over 106,674 traders were liquidated during this period. The largest single liquidation occurred on

According to Trump's Truth Social post on May 6, President Donald Trump warned he would resume bombing Iran at 'a much higher level and intensity' if no peace deal is agreed. Trump stated he was temporarily halting US efforts to guide stranded vessels through the Strait of Hormuz to allow time for n

According to CoinMarketCap data cited by ChainCatcher, BILL surged past $0.062 on May 6, with a 24-hour gain exceeding 62%. The token's market cap reached approximately $153 million, while 24-hour trading volume hit around $250 million, reflecting increased market

According to The Block, cryptocurrency custodian Taurus obtained a MiFID II investment license from the Cyprus Securities and Exchange Commission on May 6. The license authorizes Taurus to provide regulated investment services for tokenized financial instruments to banks and asset managers across th

According to The Economic Times, Indian grocery delivery startup Apna Mart recently cut about 10% of its workforce, affecting 35 to 40 employees, amid AI-led automation and a headquarters shift from Bengaluru to Gurugram. The company said affected employees would receive severance equal to two

According to Gate data, WTI crude oil fell 8.00% intraday to $95.33 per barrel on May 6. Brent crude slipped below $101 per barrel with a 7.40% daily decline.

According to a recent CNBC interview, SenseTime co-founder and chief scientist Lin Dahua said the company's latest model SenseNova U1 has image generation capabilities behind OpenAI's GPT Image 2 and Google's Gemini Nano Banana, but costs only one-tenth of ChatGPT Images 2.0. SenseNova U1 is a

According to The Economic Times, Stack Infrastructure, owned by Blue Owl Capital, is weighing a partial or full sale of its Asia data center business valued at over $30 billion. The Denver-based operator has held preliminary talks with potential advisers about assets in Australia, Japan, and

According to SoFi head Ben Reynolds, SoFi Technologies will launch its SoFiUSD stablecoin on Solana on Tuesday (May 5). The move follows the company's December 2025 debut of SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank. "We think it is the right chain to use for payments, pa

According to ChainCatcher, South Korea's amended Foreign Exchange Transaction Act passed a parliamentary committee today (May 6), expanding regulatory scope to include crypto exchanges and other virtual asset service providers. The committee adopted technical revisions from expert members. The