Gate Crypto Flash News and Market Updates

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.

According to an 18-page comment letter filed with the Commodity Futures Trading Commission on Friday, venture capital firm Andreessen Horowitz (a16z) backed federal oversight of prediction markets, arguing that state-level regulatory actions create a "serious barrier to impartial access" for

According to ChainCatcher, citing analyst Wazz, hundreds of dormant Ethereum wallets, many inactive for over seven years, were drained by the same address on ETH mainnet. Aragon team member @TheTakenUser confirmed their wallet was affected. The root cause remains unclear, though community analysis s

According to Bloomberg, Founders Fund, the venture capital firm backed by Peter Thiel, completed a $6 billion fundraise on May 3 for late-stage company investments, marking the largest fund in the firm's 20-year history. Of the total, $4.5 billion came from limited partners including sovereign

According to Bloomberg, shares of Asian tech firms including LG Electronics and Nanya Technology rose after announcements linked them to Nvidia partnerships in robotics, chips, and intelligent driving. LG climbed as much as 15% and Nanya gained about 10%, while other suppliers also advanced

According to Xinhua News Agency, the U.S. Navy's Information Warfare Systems Command recently signed a contract with San Francisco-based AI company Domino Data Lab to procure and deploy machine learning software solutions. The contract, valued at nearly $100 million if fully executed, aims to

According to PANews, Billions Network is set to launch its $BILL token through a token generation event (TGE) on May 4. The Billions Foundation posted cryptic messages on May 2 hinting at the date, which the community widely interpreted as confirmation of the token launch for the digital identity ve

According to RootData, MultiBank (MBG) will unlock approximately 46 million tokens valued at $13.88 million on May 10 at 8:00 AM Beijing time.