Gate Crypto Flash News and Market Updates

According to Islamic Revolutionary Guard Corps, Iranian Armed Forces engaged in sporadic clashes with a U.S. Navy warship in the Strait of Hormuz on May 8 afternoon. The Revolutionary Guard did not disclose the specific location of the

According to Catcher Predict's monitoring, the "Odd" option in the "Odd/Even Total Kills" sub-market for the LoL match between Nongshim Red Force and HANJIN BRION (BO3) on Polymarket surged from 50.05% one hour ago to 90% as of now, a swing of 39.95%. The platform noted potential market-moving

Turkish regulators extended a ban on short-selling of stocks through May 26, according to market reports. The measure restricts short-term short-selling activities in the country's equity market.

According to CoinDesk, Trust Wallet and Mesh announced wallet architecture updates on May 9 at Consensus Miami to serve AI agents. Mesh launched Smart Funding, which automatically routes payments across chains and accounts for both users and AI agents. Trust Wallet introduced an AI co-pilot

According to ABC News, on Thursday a US federal judge ruled that grant cuts carried out by Elon Musk-backed DOGE were unlawful. US District Judge Colleen McMahon in New York said staff used ChatGPT and keyword searches including 'DEI,' 'Equity,' 'Inclusion,' and 'LGBTQ' to help terminate funding

According to Japan's Ministry of Economy, Trade and Industry, Japan may dispatch government officials to Russia by the end of May to maintain communication channels with Moscow and provide support to Japanese companies still operating there. The ministry stated it is necessary to protect the

The University of Michigan consumer sentiment index fell to its lowest level since the start of Trump's second term in May 2026, according to the latest data. The decline reflects weakening consumer confidence amid ongoing economic

The U.S. University of Michigan Consumer Sentiment Index initial reading came in at 48.5 in May, beating the consensus forecast of 48.1 and matching the prior month's final reading, marking a 0.4-point gain from

The University of Michigan Sentiment Index came in at 47.8 in May, below the expected reading of 52 and down from 52.5 in the prior month.

U.S. wholesale sales rose 2.8% in March, significantly exceeding the 1.6% forecast. The prior month's reading was revised upward to 2.6% from the initially reported 2.7%, according to Commerce Department

U.S. consumers' one-year inflation expectations came in at 4.5% in May, falling short of the 4.8% forecast and declining from the prior month's 4.70%, according to University of Michigan data.

The University of Michigan's consumer sentiment index came in at 48.2 in May, falling short of the expected 49.5 and declining from the prior month's 49.8.

According to Bloomberg, BlackRock has filed to launch tokenized shares for its $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) targeting stablecoin holders. The fund invests in cash, U.S. Treasury notes, and securities with remaining maturities not exceeding 93 days. The tokenize

According to an Israeli human rights organization, two activists detained by Israel aboard the aid convoy to Gaza are set to be released later on May 9. The organization stated that Israel's National Security Agency (Shin Bet) has notified it of the imminent release. The two detainees will be

The U.S. will release three key economic indicators in 10 minutes: March wholesale sales month-over-month, May University of Michigan consumer confidence index preliminary reading, and one-year inflation expectations preliminary reading.

According to Ripple SVP Jack McDonald at Consensus 2026 in Miami, XRP is essential to RLUSD operations on the XRP Ledger. As the ledger's native gas token, XRP powers every RLUSD transaction processed on XRPL. McDonald described XRP as the "grease in the wheel" enabling fast and efficient transactio

According to Morgan Stanley, global oil inventories declined at a record pace of approximately 4.8 million barrels per day between March 1 and April 25, far exceeding previous quarterly peaks tracked by the International Energy Agency. The rapid depletion, driven by disruptions to Persian Gulf

According to ChainCatcher, trader Eugene indicated on May 9 that multiple market indicators show signs of a bottom, with Bitcoin hovering near $80,000. Eugene expects a significant price movement to occur within the next week, potentially driving altcoins to break out of their consolidation

José Luis Escrivá, European Central Bank Governing Council member and Bank of Spain governor, said on Saturday that central banks must review the resilience of financial infrastructure and cybersecurity given the rise of artificial intelligence. "Recent developments in artificial intelligence

According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial's WLFI token may constitute an unregistered security, in a blog post on Friday. Reiners argues