Gate Cryptocurrency News and Market Analysis

The United Arab Emirates formally withdrew from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ mechanism on May 1 (local time), according to reports. The move is viewed as a landmark event in which Middle Eastern oil-producing nations are reassessing security, market

JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said rising stablecoin velocity—the frequency with which the same stablecoin is used in transactions—may limit market capitalization growth despite accelerating usage. The analysts noted that increased efficiency in

Tokyo-based broker SBI Holdings is pursuing a stake in cryptocurrency exchange Bitbank as part of a broader digital asset strategy, according to the headline. The company is advancing crypto initiatives in Singapore and has partnered with Visa on bank cards designed to help users accumulate digital

SHIB depends on renewed speculation, liquidity, and retail interest for upside momentum. Price outlook remains scenario-based, with $0.0005 as conditional bullish target. Exchange activity and sentiment shifts drive SHIB volatility more than fundamentals. Shiba Inu is attracting fresh at

Canadian pension giant AIMCo has returned to investing in Strategy, Michael Saylor's bitcoin treasury company, after previously exiting the investment. The fund is now sitting on a $69 million unrealized gain from its current position. AIMCo's Strategy Position AIMCo's renewed investment in Strat

XRP ETFs recorded $3.6M inflows while Bitcoin and Ethereum funds saw major outflows. Bitwise leads XRP ETFs with strong AUM, signaling growing institutional participation. XRP ETFs now hold over $1B, representing 1.23% of total XRP supply. The crypto market has delivered another sharp co

XRP ETFs recorded $3.6M inflows while Bitcoin and Ethereum funds saw major outflows. Bitwise leads XRP ETFs with strong AUM, signaling growing institutional participation. XRP ETFs now hold over $1B, representing 1.23% of total XRP supply. The crypto market has delivered another sharp co

Bitcoin miner Riot Platforms' shares jumped 8% following an expansion of its AMD data center deal with improved financing terms, according to market reports. The move signals the company's strategic pivot beyond bitcoin mining and strengthens confidence in its growing data center business.

Sunnyvale, California-based AI chipmaker Cerebras Systems is seeking up to US$4 billion in an IPO that could value the company at approximately US$40 billion, according to Bloomberg. Formal marketing could begin as soon as May 4, with banks receiving more than US$10 billion in indications of

Federal prosecutors secured convictions against 25 defendants in a $215 million business email compromise scheme that affected more than 1,000 victims. Authorities said cryptocurrency was among assets traced in a global fraud network spanning 47 states and 19 countries. Key Takeaways: Authorities

JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said rising stablecoin usage may not lead to proportional growth in total stablecoin market capitalization, according to a recent report. The key reason is rising velocity—how often the same stablecoin is used in transactions—which m

Bitcoin recovered from a midweek dip to $75,500 to climb back above $78,000 by Saturday morning in Asia, according to the source. The recovery coincided with the Senate's passage of a stablecoin yield compromise, which removed a key roadblock to crypto market structure legislation. ## Price Recover

Tokyo-based broker SBI Holdings is exploring a stake in crypto exchange Bitbank as part of its broader digital asset strategy. The company is expanding its crypto operations through planned ventures in Singapore and a Visa partnership for bank cards that will allow users to accumulate digital

Nigeria-focused payments firm OPay is working with Citigroup, Deutsche Bank, and JPMorgan on a US IPO later this year that could value the company at approximately US$4 billion, according to Bloomberg. Founded by Chinese entrepreneur Yahui Zhou, OPay raised US$400 million in 2021 at a US$2 billion v

Japanese giant SBI Group is bringing crypto rewards into everyday spending with a new Visa card offering that converts points into BTC, ETH, or XRP. The campaign offers rewards of up to 10% for Gold users and 2.5% for standard users. Key Takeaways: SBI and Visa launched credit cards that convert

Bitcoin miner Riot's shares increased 8% following an expansion of its data center deal with AMD and improved financing terms, according to the headline. The expansion and improved financing terms highlight Riot's strategic shift beyond bitcoin mining toward growing its data center business.