Gate Insights and Crypto Market Analysis

A May 28 morning slide to a session low of $72,642 pushed bitcoin closer to locking in an overall loss for May, extending a weeklong retreat from its May 25 peak of $78,000. Key Takeaways: Bitcoin fell to a session low of $72,642 on Thursday morning, threatening to close May with a monthly loss.

Opening Kalshi filed a lawsuit against Minnesota state officials on Wednesday in the U.S. District Court of the District of Minnesota, challenging a law signed by Governor Tim Walz that prohibits prediction market operations in the state effective August 1. The complaint names Attorney General

CryptoQuant reported that Bitcoin whale holders—those holding 1,000 to 10,000 BTC—have reduced their balances over the past year, while dolphin holders (100-1,000 BTC) show decelerating accumulation rates. The 1-year change in whale balances remains negative, directly mirroring the 2022 bear

The U.S. Clarity Act survived a committee vote two weeks ago and is now heading to the Senate floor for a final vote. The legislation, if passed, would formally legalize most cryptocurrency activity in the United States and establish a regulatory framework under the Commodity Futures Trading

Timechainindex.com founder Sani first posted the news on X, drawing attention to a quietly filed New York Supreme Court case in which three anonymous plaintiffs are seeking legal title to roughly 3.8 million BTC worth approximately $293 billion, a pool of dormant coins that includes addresses

France's financial markets regulator warned crypto companies operating in the European Union that failure to secure regulatory approval by June 30 could result in blacklisting and prosecution. Marie-Anne Barbat-Layani, president of the Autorité des Marchés Financiers (AMF), stated on Thursday that f

Tether's USAT stablecoin supply grew nearly 540% month-over-month according to an attestation released Thursday. The number of redeemable tokens increased from approximately 22 million in March to over 140 million USAT in April, with total reserve balances reaching $141,178,400—representing a $327,4

Saeed Badreg, Co-Founder and CEO of Wormhole Labs, stated at Solana Accelerate 2026 that the crypto industry's debate between decentralized finance (DeFi) and traditional finance (TradFi) will not produce a single winner. Badreg argued that different use cases require different levels of decentraliz

XRP ecosystem discussions intensified after Banx Media secured approval for its Chrome browser extension listing. BXE’s 490 million token supply sparked renewed speculation across XRP Ledger investment communities this week. Lebanon’s currency crisis resurfaced in crypto debates

Bitcoin trades below major resistance as traders monitor inflation reports and ETF activity closely this month. Federal Reserve expectations continue influencing Bitcoin momentum alongside Treasury yields and liquidity conditions. Bitcoin options expiries may trigger stronger volatility a

XRP ecosystem discussions intensified after Banx Media secured approval for its Chrome browser extension listing. BXE’s 490 million token supply sparked renewed speculation across XRP Ledger investment communities this week. Lebanon’s currency crisis resurfaced in crypto debates

SUI defended a major four-hour order block after sweeping liquidity beneath psychological support zones. Buyers reclaimed short-term resistance after overnight volatility weakened bearish market momentum considerably. Higher intraday lows

Elena Carletti, deputy vice chair of UniCredit and head of the bank's risk committee, stated at a banking conference organized by Madrid's IESE business school that Europe may struggle to contain risks from links between crypto assets and banks in the same way U.S. authorities limited damage

Bit Digital is extending a $100 million delayed-draw term loan facility to a subsidiary of WhiteFiber, its majority-owned AI infrastructure and high-performance computing company. The facility is designed to support WhiteFiber's near-term expansion in high-performance computing and AI infrastructure

Polymarket's vice president of engineering, Josh Stevens, clarified that the prediction market platform is not adding mandatory Know Your Customer checks to its existing service, responding to a report suggesting the company had considered user verification requirements. Stevens stated that

Opening United Texas Bank converted from a Texas state charter to a national bank charter approved by the Office of the Comptroller of the Currency on May 15, positioning the Dallas-based lender to serve crypto firms seeking U.S. banking access. The conversion shifts oversight from the Texas

The partial restoration of the service comes after one of the largest internet blockades of this kind, starting after the first strikes of the U.S.-Israel coalition against the Iranian regime. The move comes after Iranian President Masoud Pezeshkian ordered the restitution on Monday. Key