Gate Cryptocurrency News and Market Analysis

Solana has remained trapped below the $100 level for 88 consecutive days, marking its longest weak stretch since 2020, while the SOL/BTC chart continues to show the cryptocurrency losing strength against Bitcoin with no confirmed reversal yet. According to technical analysis from Crypto Moe and

Veteran trader Peter Brandt sees bitcoin rallying to $250,000 in 2029, but only after the market completes a prolonged bottoming process that could extend into September 2026, according to his recent outlook. Price Target and Timeline Brandt's forecast positions a multi-year consolidation phase b

Gulf institutions and sovereign wealth funds have shifted their approach to venture capital, treating it as a core strategic holding rather than an alternative asset class, according to analysts and sector practitioners as of May 4, 2026. Long viewed as a misunderstood portfolio component, venture c

Ripple has opened a new regional headquarters in the Dubai International Financial Center (DIFC), expanding its presence in the Middle East and Africa as demand for blockchain-based payment and custody services grows. The expansion follows regulatory approvals from the Dubai Financial Services

Antimatter, a France-based cloud infrastructure company for AI workloads, launched on May 4 by combining three existing companies: Datafactory, Policloud, and Hivenet. The company is raising 300 million euros (US$351 million) to deploy 100 micro data center units in 2026 for AI inference

Chaozhou Three-Circle Group has filed for a Hong Kong listing targeting up to US$1 billion in fundraising after securing regulatory approval in China, according to Reuters. The Guangdong-based ceramic components manufacturer filed its draft prospectus in December 2025 and plans to deploy proceeds to

Meta announced during its latest earnings call that Threads has surpassed 150 million daily active users and expanded advertisements to over 200 countries, according to the company's financial disclosures. However, Meta cautioned that Threads and WhatsApp Status are unlikely to generate meaningful r

LG Electronics reported on May 4 that its first-quarter 2026 revenue rose 4.3% year-on-year to US$16.23 billion, while operating profit increased 32.9% to US$1.14 billion. The company said this was its highest first-quarter revenue on record, driven by strong performance across multiple business

Ripple CEO Brad Garlinghouse stated at XRP Las Vegas 2026 that the company is not prioritizing an initial public offering, citing the lackluster post-IPO performance of crypto firms including BitGo, Gemini, and Kraken. "We have not prioritized going public for a whole bunch of reasons," Garlinghouse

Singapore-based Cata, a merchant app software platform for food and beverage and retail businesses, raised US$5.3 million in seed funding led by Portage Ventures, according to Cata. The round also included White Star Capital, 468 Capital, FoodLabs, FJ Labs, Rally Cap, and Iterative. Funding and

美伊和谈释放积极信号但战争准备同步推进，霍尔木兹海峡控制权面临转折；美国就业数据或强化鸽派预期，BTC 时隔三月重回 80,000 美元上方。

Megazone Cloud, a South Korea-based cloud services firm, was selected by Amazon Web Services on May 4 as the operations partner for AWS Agentic AI GameDay in South Korea, according to the company announcement. The program is a hands-on training event led by AWS's Generative AI Innovation Center,

On May 4, Douyin, ByteDance's core large language model, announced the introduction of paid subscription plans alongside its free tier, according to reporting by澎湃新闻 (The Paper). The move marks a potential end to the free-access era for Chinese AI models and reflects growing demand for advanced

Morgan Stanley launched the first bank-issued Bitcoin exchange-traded product (ETP), but the firm's advisors and regulators still face significant hurdles before Bitcoin appears on U.S. bank balance sheets at scale, according to Amy Oldenburg. Morgan Stanley's Bitcoin ETP Initiative Morgan Stanle

## Bitcoin Briefly Breaks $80,000 Amid Geopolitical Developments Bitcoin price briefly moved above $80,000 on May 4, 2026, as traders reacted to renewed geopolitical developments around the Strait of Hormuz and continued institutional activity in the crypto market. Bitcoin was trading near $79,830

South Korean Democratic Party politician Jin Sung-joon, chair of the National Assembly's Budget and Settlement Special Committee, stated that digital asset taxation should proceed as scheduled in 2027, according to MTN News. Appearing on the program '여의도교차로,' Jin chose to proceed with taxation

Singapore and New Zealand formally signed an Essential Goods Trade Agreement on May 4 (local time), according to Central Television News. The accord commits both nations to ensuring that exports of food, energy, medicine, chemicals, and construction

South Korea's online shopping sales rose 13.3% year on year to a record 25.6 trillion won (US$17.4 billion) in March, driven by Tesla orders and higher spending on food services and groceries, according to Yonhap. Record Online Sales Figures The monthly total was up 3 trillion won (US$2.06 billio

Taiwanese chip designer MediaTek appointed former Taiwan Semiconductor Manufacturing Co (TSMC) executive Douglas Yu as a part-time adviser on May 4, according to Reuters. The move supports MediaTek's expansion into the AI chip market and its advancement of packaging technology. Advanced

Veteran trader Peter Brandt predicts bitcoin will rally to $250,000 in 2029, but only after the market completes a prolonged bottoming process extending into September 2026, according to Brandt's statement. Price Target and Timeline Brandt forecasts bitcoin reaching $250,000 in 2029 following