Gate Cryptocurrency News and Market Analysis

Venture capital firm Andreessen Horowitz submitted an 18-page comment letter to the Commodity Futures Trading Commission on Friday, supporting federal oversight of prediction markets and opposing state-level regulatory actions. According to the letter, actions taken by state regulators against predi

The year's biggest crypto hack and DeFi crisis is forcing a rethink of risk, security, and market structure as Wall Street moves onchain, according to industry insiders who spoke with CoinDesk. The $292 million hack has exposed vulnerabilities in decentralized finance infrastructure that require str

Figure achieved a $1 billion monthly milestone, capping a years-long effort to remove intermediaries from credit markets and move real-world assets, lending, and equities onto blockchain networks. The company's strategy focuses on bringing traditional financial infrastructure onchain, with an

Dennis Porter, founder of Satoshi Action, explained that the U.S. government and military are shifting their perspective on Bitcoin from a purely financial investment to a critical component of national defense. According to Porter, Bitcoin is increasingly being considered a "national security

Chris Perkins, CEO of 250 Digital Asset Management, stated that the long-term development of the cryptocurrency sector "will not be a problem" even if the U.S. Congress fails to approve the proposed CLARITY Act, which includes regulations for the cryptocurrency market. According to Perkins,

Brazil's central bank has banned stablecoin and crypto settlement in cross-border payments for fintechs and payment firms. The ban closes the back-end payment rail for cross-border flows, according to the announcement. Individual crypto investors retain the ability to buy and hold digital assets

Developers and industry figures have raised concerns about Paul Sztorc's eCash proposal, citing user risk, uneven distribution, and philosophical tension, according to industry commentary. The proposal has been characterized as 'hazardous' due to these issues. Note: The source material provided con

The Ethereum Foundation's Enterprise Team visited South Korea from April 23 to May 1 to expand institutional partnerships with major Korean financial institutions, according to an interview with Mo Jalil and Tiena Sekharan, the team's APAC Enterprise Leads, conducted on April 24. During their

Bitcoin mining activity has intensified following the April 20, 2024 halving event. As of May 2, 2024 at 2 PM, key mining metrics show mixed signals: while miner Bitcoin holdings declined, hashrate surged to its highest level in three weeks, according to data from CryptoQuant and Visiomaetrics.

The U.S. Department of Defense announced Friday that it has entered agreements with eight technology firms—SpaceX, OpenAI, Google, Nvidia, Reflection, Microsoft, Oracle, and Amazon Web Services—to deploy advanced artificial intelligence on classified military networks, according to the Pentagon's of

Prediction Markets Reach $240 Billion Milestone Prediction markets have evolved into a $240 billion industry, according to a new report from Bitget and Polymarket. The growth is being driven by retail users who are trading with increasing frequency across diverse markets, spanning cryptocurrency a

BlackRock submitted a 17-page comment letter to the Office of the Comptroller of the Currency on Friday, the final day of the OCC's 60-day comment window on draft rules implementing the GENIUS Act. The proposal was published in the Federal Register on March 2, and the OCC posed more than 200

On May 1, lawyers for terrorism creditors served a restraining notice on Arbitrum DAO, barring the organization from moving 30,766 ETH (~$71.1 million) frozen by the Arbitrum Security Council on April 20 following the $292 million Kelp DAO exploit. The notice, authorized by the U.S. District Court f

Berkshire Hathaway increased its cash reserves to an all-time high of $397 billion in the first quarter of 2026, according to the company's financial results. The move comes as valuations in U.S. stock markets have reached historical highs, reigniting debate over whether the company is positioning f

Combined Volume Milestone Polymarket and Kalshi's combined lifetime trading volumes crossed $150 billion in April, according to The Block's data. This milestone came as the seven-month streak of record monthly highs ended, marking the first decline in total sector trading activity since the

# Terrorism Creditors Seek to Seize Kelp DAO ETH Before Arbitrum Vote A New York federal court has complicated Arbitrum DAO's plan to compensate victims of last month's $292 million Kelp DAO exploit. On May 1, lawyers for terrorism creditors served Arbitrum DAO with a restraining notice barring the

Bitcoin recovered from a midweek dip to $75,500 to climb back above $78,000 by Saturday morning in Asia, supported by legislative progress on crypto market structure. The Senate's stablecoin yield compromise removed a key roadblock to advancing crypto-related legislation. ## Bitcoin Price Recovery

Brazil's central bank has banned stablecoins and cryptocurrencies from being used for settlement in cross-border payments, according to the announcement. Scope of the Ban The restriction applies specifically to fintechs and payment firms, effectively closing the back-end payment rail for cross-bo