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

WLFI fell 14% after the proposal introduced 62 billion tokens under new vesting schedules. Community backlash grew despite strong governance approval and near-unanimous voting results. Investors fear long-term supply impact, driving sharp decline from recent price levels. World Liberty F

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

Court Grants Stay on Bithumb Suspension The Seoul Administrative Court's 2nd Administrative Division, led by Judge Gong Hyeon-jin, approved a stay on Bithumb's six-month suspension on Thursday, according to Yonhap News. The decision pauses the partial business suspension imposed by the Financial

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

DOGE weakens as the futures market overheats with rising leverage and unstable price action. 10% pullback warning emerges as analyst highlights stretched Dogecoin futures positions. Market signals suggest potential downside risk driven by excessive leveraged trading activity. Dogecoin —

DOGE weakens as the futures market overheats with rising leverage and unstable price action. 10% pullback warning emerges as analyst highlights stretched Dogecoin futures positions. Market signals suggest potential downside risk driven by excessive leveraged trading activity. Dogecoin —

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