Gate Crypto Flash News and Market Updates

According to South Korea's ruling Democratic Party lawmaker Kang Min-guk on May 12, 15 virtual asset exchanges that have ceased operations hold approximately 22.1 billion won in customer assets. However, the actual return rate to customers stands at only 0.3%, with just 74.52 million won returned to

According to BlockBeats, the U.S. Department of Labor will release April CPI data on May 12 at 8:30 PM Beijing time. The data release will include April unadjusted CPI year-over-year rate, seasonally adjusted CPI monthly rate, April seasonally adjusted core CPI monthly rate, and unadjusted core CPI

According to ChainCatcher, NEAR Intents announced an upgrade to its cross-chain swap functionality, enabling users to exchange over 100 tokens directly for Zcash (ZEC) in a single transaction. The upgrade leverages NEAR's intent-based infrastructure to abstract complex backend routing logic,

According to Gelonghui, on May 12, South Korea's presidential office policy director Kim Yong-beom stated that the "citizen dividend" from the artificial intelligence industry will be sourced from excess tax revenue rather than directly from AI companies'

According to South Korea's Presidential Office Policy Director Kim Yong-beom, on May 12, the government proposed establishing a "citizen dividend" funded by excess profits generated by the artificial intelligence industry. Kim stated on Facebook that AI infrastructure-driven revenues stem from the n

According to Coinglass data, whale addresses on Hyperliquid currently hold $43.24 billion in positions as of May 12. Long positions account for $21.29 billion (49.24% of total), while short positions total $21.95 billion (50.76%). Long positions show unrealized profits of $40.22 million, while short

According to Telegram founder Pavel Durov, TON launched Acton, a unified smart contract toolkit, on May 12. The new tool improves development efficiency by 10 times, streamlining the creation, testing, and deployment of smart contracts. Built around the Tolk language, Acton is a comprehensive

According to ChainCatcher, AI travel platform Staynex has agreed to acquire enterprise travel software company Helix. Helix founder Gus Fraser will join Staynex as Chief AI Officer. The acquisition marks Staynex's expansion from consumer travel services into enterprise travel management, covering se

According to ChainCatcher, on March 22, Resolv's signing infrastructure was compromised, leading to the malicious issuance of approximately 80 million dollars in unsecured USR tokens. Fluid faced a 21 million dollar loss from its 100 million dollar exposure. The loss distribution was finalized as f

According to Foresight News, Ondo Global Markets' tokenized stock platform reached $1 billion in total value locked (TVL) today. The platform commands over 70% market share and supports more than 260 tokenized stocks and ETFs spanning AI, biotech, defense, and energy

According to Google Singapore, Debug expanded its Singapore operations into its first R&D hub outside the US on May 12. The company will add engineering and mosquito science staff to scale Wolbachia-based releases using AI and robotics. Debug has been working with Singapore's National Environment

According to Gate data, South Korea's KOSPI index fell 3% intraday on May 12, with SK Hynix declining nearly 3% and Samsung Electronics down nearly 5%.

U.S. and European stock index futures fell today (May 12). S&P 500 futures declined 0.2%, while Nasdaq futures dropped 0.4%. In Europe, Stoxx 50 index futures fell 0.7%, German DAX futures declined 0.8%, and UK FTSE 100 futures dropped 0.9%.

According to CoinDesk, Ripple Prime secured a US$200 million financing facility from investment manager Neuberger Berman to expand margin lending for institutional trading in traditional and digital assets. The platform was formed after Ripple acquired prime broker Hidden Road for US$1.25 billion in

According to Reuters, on May 11, OpenAI launched a majority-owned Deployment Company with more than $4 billion in initial investment and acquired Tomoro, an AI consulting firm formed in 2023. The new unit will place engineers inside client organizations to identify frontier AI applications, with

According to Japan's Ministry of Internal Affairs and Communications, the Engel coefficient—which measures the proportion of household spending devoted to food—reached 28.8% in fiscal 2025, marking the highest level since fiscal 1980. The data was released on

Hong Kong gold stocks rallied in early trading today (May 12), with China Silver Group (00815.HK) leading gains at over 4%. Zhaojin Gold (06693.HK) and Zijin Gold International (02259.HK) each rose more than 3%, while Lingbao Gold (03330.HK) gained over 2%.

According to Wedbush analyst Dan Ives, the Nasdaq Composite Index will challenge the 30,000 level within the next year, driven by better-than-expected tech earnings and growing AI sector confidence. Ives noted that the current chip supply-demand gap stands at 10 times, indicating the AI revolution r

According to Tom Lee, Fundstrat co-founder and BitMine chairman, Ethereum's supply has been in deflation over the past year, with purchasing by crypto treasury companies and staking activity further reinforcing the

Ethereum fell below $2,300 intraday on May 12, declining 1.44% during the session.