Gate Cryptocurrency News and Market Analysis

Bitcoin fell below the ascending support line that guided its April rally, according to technical analysis shared by Elja. The breakdown occurred on FOMC day, with BTC trading near $75,633 after losing the lower boundary of its rising channel that had held through April as the price

More than 500 Ethereum wallets, many inactive for years, were drained in a coordinated attack resulting in approximately $800,000 in losses, with stolen funds subsequently laundered through cross-chain protocol ThorChain, according to on-chain investigators. The incident stands out due to the age

UAE Formally Withdraws from OPEC The United Arab Emirates formally withdrew from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ mechanism on May 1, according to CCTV News. The decision ends the UAE's nearly 60-year membership in the organization and marks the

Turkey's central bank resumed gold purchases in April 2026 after sustained sales in March, buying 36 tonnes in the first two weeks of the month to bolster reserves and support the lira amid regional conflict. According to data released on April 25, the central bank's gold holdings increased

Google DeepMind introduced AI co-clinician on May 01, 2026, a research initiative designed to examine how multimodal AI systems could support healthcare workers and patients more effectively. The project addresses growing pressure on health systems worldwide to improve outcomes, reduce costs, and ex

A Seoul Administrative Court granted Bithumb an emergency injunction Thursday, blocking enforcement of a six-month partial business suspension imposed by South Korea's Financial Intelligence Unit, according to local media reports. Judge Gong Hyeon-jin cited potential irreparable harm to the cryptocu

The UK is reconsidering its approach to developing a digital pound, or 'Britcoin,' shifting away from a firm approval-or-rejection decision toward a slower pace of progress, according to people familiar with the situation. This reversal comes three years after the UK Treasury and Bank of England

Israeli officials stated on May 1 that the United States "may be about to decide" whether to resume military operations against Iran, according to CCTV News. Israel is intensifying preparations for a potential renewed conflict with Iran, with Israeli government officials indicating they are "on

## Senate Resolution Passes Unanimously U.S. senators are now barred from trading on prediction markets following the unanimous passage of S. Res. 708 on Thursday, according to the Senate Press Gallery. The measure became "effective immediately" and amends the Senate's standing rules, which govern

On April 30, 2026, Meike Home (600337.SH) announced that the Urumqi Intermediate People's Court has filed and registered its pre-reorganization application and designated auxiliary institutions to manage the process. According to the company's filing notice, the court appointed Beijing Jindu

Cathie Wood's Ark Invest purchased over 500,000 shares of Robinhood on Wednesday, joining analysts who expect a surge in April trading activity to offset recent earnings disappointment. The investment reflects confidence among major market participants that the crypto trading platform's recent slump

Goldman Sachs has raised its oil price forecast due to expected supply disruptions in the Middle East, according to a Bloomberg interview with Daan Struyven, the bank's co-head of global commodities research. Struyven stated that the bank does not anticipate an abrupt end to global oil supply disrup

Indonesian President Prabowo Subianto signed Presidential Regulation No. 27/2026 on May 1 to cap ride-hailing platforms' commission at 8%, raising drivers' minimum revenue share to 92% from the previous 80%. The regulation was announced at a Labor Day event at Jakarta's National Monument.

## Drift Theft Operation North Korean-state-backed spies conducted an in-person operation targeting cryptocurrency platform Drift to drain $285 million, according to reports. The operation involved months of direct engagement with the target. ## Broader North Korean Cyber Threat According to a se

Coinbase and Superstate are partnering to launch the Coinbase Stablecoin Yield Fund (CUSHY), a stablecoin credit offering providing institutional investors with exposure to credit strategies within the stablecoin ecosystem through a structured fund vehicle. CUSHY will launch in the second quarter as

Bitcoin rejected key on-chain resistance near US$78,000–US$79,000 in late April after briefly approaching US$80,000, according to market analysis from Glassnode. The rejection left the market vulnerable to renewed downside pressure as short-term holders sold into the rebound. Price Action and

MARA Holdings is acquiring Long Ridge Energy in a $1.5 billion transaction to expand its AI and IT infrastructure capacity. The deal includes a 505 MW gas plant and 1,600 acres in Ohio, providing over 1 GW of power capacity for future AI and IT buildout. Transaction Details The acquisition

U.S. crypto market structure legislation is advancing toward a mid-May Senate Banking Committee markup, according to negotiations reported by The Block this week, though significant disputes over ethics provisions and Trump family crypto ties remain unresolved. Sen. Thom Tillis, R-N.C., a key negot