Gate Crypto Flash News and Market Updates

According to ChainCatcher, Purrlend suffered a security breach on HyperEVM and MegaETH on May 3, losing approximately $1.52 million. Attackers compromised the team's 2/3 multisig wallet and granted themselves the BRIDGE_ROLE permission, using it to mint unbacked pUSDm and pUSDC tokens that were

According to Iranian parliamentary member Mojtaba Zareei on May 3, negotiations in Islamabad require explicit permission from Iran's Supreme Leader, and all discussion content must remain within the framework set by the Supreme Leader. When the U.S. attempted to discuss nuclear technology details, t

According to Iraq's border port authority, 70 tanker trucks carrying crude oil entered Syria via the Rabia border crossing on May 2, marking the country's first use of this land route in 13 years. The crossing, located in northwestern Nineveh Province near Iraq's Mosul and Kirkuk oil fields,

According to Iran's parliamentary Civil Commission chairman, all traffic through the Hormuz Strait must obtain Iranian permission under parliament's management plan announced on May 3. Israeli-flagged vessels are prohibited from passage under any circumstances, and nations at war with Iran cannot tr

Bitcoin reclaimed the $79,000 level on May 3 as traders balanced improving crypto market structure against elevated Brent crude prices and geopolitical uncertainty. BTC pushed above $79,000 but faced rejection near the $80,000 resistance zone. Brent crude held around $108.17 per barrel after a volat

On May 1, Marscat announced a strategic partnership with Origins Network to integrate the latter's decentralized cloud computation infrastructure into its Web3 application engine. According to the official announcement, the collaboration aims to improve scalability, execution speed, and

According to Gartner, global artificial intelligence spending in 2026 is predicted to reach $2.5 trillion, exceeding the combined total of the previous ten years.

According to Business Insider, on May 3, BONK and Solana enabled Cycol gallery in New York's Lower East Side to authenticate physical artworks on-chain through blockchain certificates of authenticity and provenance. Collectors purchasing physical works through the Exchange Art platform now receive p

According to BlockBeats, on May 3, Yunfeng Finance Group announced it has completed a strategic investment in WooshPay, a global financial infrastructure and cross-border payment platform. The investment aims to integrate WooshPay's global payment settlement capabilities with the group's existing di

According to sources, OPEC+ agreed in principle on May 2 to increase June crude oil production by 188,000 barrels per day, with the formal decision expected to be announced on May 3 following an OPEC+ member state meeting. This marks the first policy decision since the United Arab Emirates

According to Bloomberg, Roblox is launching new AI software to compete with Unity Technologies and Epic Games, whose engines dominate large-budget game development. CEO Dave Baszucki stated the tool aims to help creators build multiplayer games with photorealistic graphics more easily, powered by ar

According to Bloomberg, AI chip manufacturer Cerebras Systems is seeking to raise up to $4 billion in its initial public offering with a target valuation of approximately $40 billion. The California-based company plans to launch its IPO roadshow as early as Monday (May 5). Underwriters have

According to Tanker Trackers, on May 3, an Iranian supertanker operated by National Iranian Oil Company carrying over 1.9 million barrels of crude oil valued at approximately $220 million successfully evaded U.S. Navy tracking. The vessel is currently transiting the Lombok Strait and heading

According to Cointelegraph, Chris Perkins, CEO of 250 Digital Asset Management, stated that even if the Clarity Act fails to pass through Congress, the long-term development of the U.S. crypto industry will not be affected. Perkins noted that the SEC and CFTC are continuing to establish regulatory f

According to The Block, BlackRock submitted a 17-page comment letter to the Office of the Comptroller of the Currency on Friday (May 2), urging the agency to reject a proposed 20% quantitative cap on tokenized reserve assets in the GENIUS Act implementation rules. BlackRock argued that such limits a

According to ChainCatcher, Cloud Peak Finance has completed a strategic investment in WooshPay, a cross-border payment service provider regulated by the UK Financial Conduct Authority and Hong Kong Customs. The investment amount was not disclosed. Cloud Peak Finance stated the investment aims to

According to ChainCatcher, Nvidia's venture capital arm NVentures has participated in Legora's $50 million Series D extension round, marking its first investment in legal AI. The Swedish legal tech startup, which competes with Harvey, saw its annual recurring revenue (ARR) exceed $100 million,

According to SoSoValue data cited by ChainCatcher, Ethereum spot ETFs saw net inflows of $101 million yesterday (May 1). Fidelity's FETH led with $49.39 million in single-day net inflows, followed by BlackRock's ETHA with $43.16 million. The total net asset value of Ethereum spot ETFs

According to ChainCatcher citing SoSoValue data, Bitcoin spot ETFs recorded net inflows of $630 million yesterday (May 1, Eastern Time). BlackRock's IBIT led with $284 million in daily net inflows, while Fidelity's FBTC followed with $213 million.