Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-05-04
07:08

A major exchange’s parent company completes the acquisition of Bitnomial and receives the U.S.-and-Canada crypto derivatives brand license/approval.

PANews May 4, according to The Block, crypto exchange holding company Payward has completed its acquisition of Bitnomial, thereby obtaining the full derivatives brand approvals issued by the U.S. Commodity Futures Trading Commission (CFTC), including licenses for a Futures Commission Merchant (FCM), a Designated Contract Market (DCM), and a Derivatives Clearing Organization (DCO). Bitnomial is a crypto-native exchange headquartered in Chicago, holding three categories of CFTC-issued licenses, enabling it to operate a full-stack domestic digital asset derivatives business. The acquisition is expected to be valued at up to $550 million, including cash and stock, with a deal valuation of $20 billion for Payward. Payward plans to expand the Bitnomial team and continue operating its derivatives business under its existing licenses and regulatory framework.
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06:49

On-Chain Identity Protocol Phi Shuts Down on May 25

According to PANews, on-chain identity protocol Phi announced on May 4 that it will shut down its platform phi.box and related services on May 25, 2026. Users must complete reward claims, unstake assets, and organize NFTs before the deadline. The governance token $PHI will remain on-chain and
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AERO-9.75%
ENS-6.07%