Gate Crypto Flash News and Market Updates

According to LayerZero's official blog post, the protocol issued a public apology on Friday for its handling of the April 18 exploit that drained roughly $292 million in rsETH from Kelp DAO's bridge. LayerZero acknowledged it made a mistake by allowing its Decentralized Verifier Network to serve

Federal Reserve Chair Jerome Powell's colleagues—officials Goolsbee, Daley, Bowman, and Waller—are set to participate in a panel discussion at the Hoover Institution's 2026 Monetary Policy Conference in 10 minutes on

Strike CEO Jack Mallers said on the What Bitcoin Did podcast that institutional participation in Bitcoin does not threaten the asset's long-term viability or underlying principles. "If Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place," Mallers said.

According to Iran's Islamic Revolutionary Guard Corps (IRGC), on May 9, the IRGC Navy warned that any attack on Iranian oil tankers and commercial vessels would trigger strikes against U.S. targets and enemy ships in the region. The IRGC Aerospace Force subsequently stated that its missiles and

According to The Block, on Friday, Judge Margaret Garnett of the U.S. District Court for the Southern District of New York partially unblocked 30,766 ETH (approximately $71 million) frozen inside Arbitrum DAO since May 1, allowing an on-chain governance vote to transfer the ether to a digital

According to CertiK, cryptocurrency holders lost approximately $101 million from wrench attacks in the first four months of 2026, with 34 verified incidents globally—a 41% increase from the same period in 2025. If the trend continues, the firm estimates hundreds of millions in losses for the full

According to SEC Chair Paul Atkins, speaking on Friday at an AI expo hosted by the Special Competitive Studies Project, the Securities and Exchange Commission needs to clarify how its regulatory framework applies to software applications as it considers new rules for onchain financial markets. Atkin

According to SoSoValue data, US spot Bitcoin ETFs recorded $622.75 million in net inflows for the week ending May 8, extending a 6-week consecutive inflow streak—the longest weekly run since August 2025. The current streak, spanning from the week of April 2 through May 8, accumulated $3.4 billion in

According to sources, U.S. Senator Elizabeth Warren sent a letter to Meta CEO Mark Zuckerberg requesting detailed information about the company's stablecoin plans by May 20th. Warren cited concerns over Meta's lack of transparency regarding its recent cryptocurrency initiatives, particularly

According to company filings, Trump Media & Technology reported a $405.9 million net loss for the first quarter of 2026, with unrealized losses on cryptocurrency holdings accounting for roughly 60% of the total loss. Unrealized losses on digital assets totaled approximately $244 million. The compan

According to trademark filings with the United States Patent and Trademark Office, Elon Musk's artificial intelligence company xAI is being folded into SpaceX under a new brand, SpaceXAI. The rebrand encompasses satellite-based data centers, orbital computing, cloud computing, and AI workload

According to Spain's Health Minister Monica García, Spain is prepared to receive a cruise ship affected by a hantavirus outbreak, with evacuation operations involving 23 countries. García made the statement at a press conference in Tenerife on May 9, alongside Interior Minister Marlaska and WHO

According to AXIOS, U.S. Secretary of State Rubio and envoy Wittcoff met with Qatar's Prime Minister on Saturday in Miami to advance negotiations aimed at ending the Iran conflict.

According to AFP, militants launched an attack in central Mali on May 9, killing at least 70 people. The assault marks a new incident in the region amid ongoing security challenges.

According to Catcher Predict, the 'odd' option in the Polymarket prediction market for the LoL match between Nongshim Red Force and HANJIN BRION (BO3) in LCK rounds 1-2 surged from 50.05% to 90% today, a swing of 39.95% in one hour. The sharp volatility suggests potential market reaction to

According to Reuters, on Friday (May 8), Bank of England Governor Andrew Bailey warned that international regulators face a "coming wrestle" with the U.S. government over stablecoin standards, as Washington promotes dollar-denominated stablecoins as global payments infrastructure without

According to Catcher Predict, the "both teams slay one dragon" option on Polymarket's LoL: Movistar KOI vs Karmine Corp (BO3) - LEC Regular Season prediction market surged from 50% to 90% in the past hour, a 40-percentage-point

AZUL's Chief Financial Officer projects the Brazilian airline will face losses of 1 billion reais this year due to rising aviation fuel prices.

According to its Friday financial stability report, the Federal Reserve said on May 9 that risks from further private credit redemptions appear limited and manageable, following recent instances where prominent fund managers restricted investor withdrawals. The central bank noted that despite

According to Iran's student news agency on May 9, an Iranian Foreign Ministry official stated that Iran's current priorities are ending the war and restoring normal navigation through the Strait of Hormuz, while warning against U.S. "piracy-style actions" in the region. The official said Iran has re