Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Snowflake Surges 37% on AWS Deal and Strong Guidance

Snowflake shares surged nearly 37% Thursday following Wednesday's earnings report, marking the company's best trading day since its 2020 initial public offering, while Salesforce shares fell 0.8% despite both companies reporting quarterly results more than 20% above Wall Street forecasts. The
SNOW5.35%
CRM8.9%
AMZN-1.13%
LucasBennett·19h ago

The biggest IPO in history is about to happen—why did SpaceX cut its target valuation to $1.8 trillion?

On May 29, according to reports by foreign media, SpaceX has lowered its target valuation for its first public offering from $2 trillion to $1.8 trillion. This adjustment came after consultations with advisors and investors. The direct reason for the valuation cut is that the market feedback mechanism is doing its job. Before IPO pricing, the underwriting team collects the bid intent and price sensitivity of anchor investors. If demand falls short of expectations, issuers typically reduce the va
XAI0.41%
SPCX1.33%
DOGE1.65%
GateInstantTrends·19h ago
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Bit Digital Acquires 8,568 Ethereum Tokens for $20 Million

Bit Digital Incorporated, a Nasdaq-listed digital asset company, finalized the acquisition of approximately 8,568 Ethereum tokens for $20 million in corporate capital. The New York-based firm executed the purchase at an average price of $2,334.25 per token, lowering its aggregate cost basis and
ETH0.02%
LucasBennett·21h ago