Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.

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Ekubo: An EVM Swap routing contract security incident occurred; Starknet was not affected

According to an official announcement posted by AMM infrastructure Ekubo on X on May 6, a security incident occurred in Ekubo’s Swap routing contract on EVM networks. Ekubo confirmed that liquidity providers (LPs) and Starknet were not affected by this incident; the team is investigating the scope of the event and preparing a post-incident analysis report.
ETH0.45%
ARB2.55%
MarketWhisper·3m ago
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Kelp DAO became the first to abandon LayerZero’s main protocol and switch to Chainlink CCIP

According to The Block, on May 5, the decentralized finance lending protocol Kelp DAO announced it would stop using LayerZero as a cross-chain infrastructure provider and instead adopt Chainlink’s cross-chain interoperability protocol (CCIP). Kelp DAO is “the first major protocol to abandon LayerZero since the LayerZero vulnerability incident occurred.”
ETH0.45%
ARB2.55%
MarketWhisper·11m ago
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Citigroup Group Ryan Rugg: The future of tokenized finance depends on “cross-bank shared infrastructure”

According to coverage of the Consensus conference held in Miami Beach, Florida on May 5, Ryan Rugg, Head of Digital Assets for Treasury and Trade Solutions at Citigroup, said in his speech that if tokenized money remains limited to each bank’s isolated systems, it will not be able to fulfill its promise of improving the efficiency of global capital flows. Rugg noted that large corporate clients need systems that enable seamless collaboration across financial institutions, rather than tokens confined within a single bank.
MarketWhisper·19m ago
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Drift announces a $295 million hacker incident recovery plan, compensating attacked wallets based on losses

According to Drift Protocol’s official announcement published on X on May 6, Drift Protocol has officially launched a user recovery plan for the April 1 hack: each affected wallet will receive a “Recovery Token,” with each token corresponding to $1 of verified losses, as a proportional claims certificate for the recovery pool.
DRIFT0.18%
ETH0.45%
WBTC0.92%
MarketWhisper·45m ago
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Anthropic commits $200B to Google Cloud over five years

Anthropic has agreed to spend US$200 billion on Google Cloud over five years, according to Reuters. The commitment represents more than 40% of Alphabet's disclosed cloud revenue backlog, and Alphabet shares rose about 2% in extended trading following the announcement. Deal Details and Alphabet
CryptoFrontier·51m ago

BPI Danantara Acquires Sub-1% GoTo Stake via Market Trades

State investment agency BPI Danantara purchased less than 1% of GoTo Gojek Tokopedia's shares through regular market trades on the Indonesia Stock Exchange, the company announced on May 5, 2026. GoTo said it will comply with exchange disclosure rules, while shareholding reports for stakes
CryptoFrontier·52m ago

The U.S. confirms the end of Iran’s “Operation Epic Rage,” and Bitcoin rebounds to $81k

According to a statement made on May 6 by U.S. Secretary of State Marco Rubio, the U.S. “Epic Rage Operation” against Iran has officially ended, and the U.S. has achieved the operation’s stated objectives. On the same day, U.S. President Donald Trump publicly announced that the “Freedom Plan,” which is designed to divert vessel traffic through the Strait of Hormuz, will be suspended for a period of time. On that day, Bitcoin rebounded to around $81,000, reaching its highest level since late January 2026.
MarketWhisper·59m ago
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AI Scribes in SEA Face Regulatory and Partnership Hurdles

Medical artificial intelligence scribe startups operating in Southeast Asia are confronting significant regulatory barriers and partnership risks that threaten their market viability, according to a Tech in Asia report. The challenges range from multilingual consultation environments to strict
CryptoFrontier·1h ago

Samsung Electronics Reaches $1 Trillion Market Cap

Samsung Electronics achieved a $1 trillion market capitalization milestone on Wednesday morning, when the South Korean company's stock price rose 11%, making it the second Asian company after Taiwan Semiconductor Manufacturing Company (TSMC) to reach this valuation threshold. The surge is driven
CryptoFrontier·1h ago

Freshworks Cuts 500 Jobs in AI-Driven Restructuring

Freshworks, a San Mateo, California-based business software company, announced on May 5 that it will cut 11% of its workforce, or about 500 jobs globally, as it restructures around wider use of AI and automation. Chief executive Dennis Woodside stated that AI now writes more than half of the company
CryptoFrontier·1h ago

Consensys' Lubin: Global Economy Will Be Tokenized

Consensys CEO and founder Joseph Lubin stated that the world's entire economy will be tokenized, tracing the concept back to Ethereum, the blockchain he helped co-found. Lubin's assertion reflects a long-standing vision within the blockchain and cryptocurrency industry regarding the widespread adop
ETH0.45%
CryptoFrontier·2h ago

Trust Remains Top Crypto Adoption Barrier: Consensus Miami 2026

Panelists at Consensus Miami 2026 identified trust in cryptocurrency as the biggest barrier to mainstream adoption, according to speakers at the event. Beyond trust, participants highlighted three key obstacles preventing wider user uptake: complexity, poor user experience, and lack of
CryptoFrontier·2h ago

Blue Owl Capital Q1 2026: Revenue Up 10% Despite 50% Stock Decline

Blue Owl Capital reported Q1 2026 earnings showing revenue of $753.8 million, up 10% year-over-year, and assets under management (AUM) of $314.9 billion, up 15% year-over-year, according to the company's earnings release. The company's stock has declined approximately 50% from its peak, yet the earn
CryptoFrontier·3h ago

State Street Calls for Blockchain Security Solutions Ahead of RWA Growth

Angus Fletcher, State Street's head of digital assets, has emphasized that the crypto industry must develop robust security solutions before large-scale real-world assets (RWAs) migrate on-chain, according to the statement. Fletcher's remarks follow recent decentralized finance (DeFi) attacks,
CryptoFrontier·3h ago