Gate Cryptocurrency News and Market Analysis

Zerion announced Thursday that Zero Network, an Ethereum Layer 2 focused on gasless transactions, is winding down after 1.5 years of operation. Zero Network initially went live in November 2024. The team stated that while the vision of building the first EVM-compatible, fully gasless rollup to

Galaxy Digital and BitGo faced off in court this week as their legal battle over a failed merger continues, according to Bloomberg. The dispute stems from Galaxy Digital's termination of its acquisition of BitGo in August 2022, roughly four years after the companies announced plans to merge in

The hybrid political action committee “Blockchain Leadership Fund,” co-founded by Chainlink Labs and Anchorage Digital in March, announced on May 22 its endorsement of 10 candidates for the 2026 U.S. midterm elections, saying it supports “candidates committed to advancing U.S. digital asset and blockchain policy.” Endorsed candidates list: 7 Republicans, 3 Democrats The four Senate candidates endorsed by the Blockchain Leadership Fund include Republicans running for the federal Senate seat in Al

As of May 22, 2026, the contract on prediction platform Polymarket for “When will OpenAI conduct its IPO?” has become a hot prediction topic, with total trading volume exceeding $1.5 million. Market funds are significantly tilted toward the fourth-quarter window: the probability of listing before September 30 stands at 41%, while the probability of listing before December 31 rises to 71%. [Click to participate in the prediction]() This expectation did not come out of thin air. In mid-May, SpaceX

According to Bloomberg on May 22, Galaxy Digital founder and CEO Michael Novogratz and BitGo CEO Mike Belshe both testified in Delaware Chancery Court this week. The two sides are litigating over a $1.2 billion cryptocurrency M&A agreement that collapsed in August 2022, with BitGo seeking at least $100 million in a reverse termination fee. Source of the lawsuit and legal timeline: a full five-year chronology The legal dispute between Galaxy Digital and BitGo has spanned five years. The following

Microsoft and EY announced they will invest more than $1 billion to help clients move artificial intelligence projects from pilot programs to large-scale deployments. The partnership targets finance, tax, human resources, and supply chain operations across multiple sectors. Microsoft will provide en

Opening Modal, a New York-based cloud infrastructure startup, has raised US$355 million in a Series C funding round led by General Catalyst and Redpoint at a US$4.65 billion post-money valuation, according to CEO Erik Bernhardsson. The company helps developers run AI and other compute-heavy

XRP and RLUSD were described as serving separate XRP Ledger roles, with XRP routing trades and RLUSD supporting dollar-based transactions. Evernorth’s Sagar Shah described XRP as an intermediary asset that routes trades in the background, while stablecoins remain tied to issuer requirements and

A report titled “Crypto Investor Sentiment Report 2026,” jointly released by the U.S. National Crypto Monetary Association (NCA) and Harris Poll in May, shows that more than 67 million U.S. adults currently hold cryptocurrency, an increase of 12 million people from 2025. The report also confirms: 90% of holders plan to continue buying cryptocurrency over the next year; 77% say cryptocurrency has had a positive impact on their lives. Confirmed shifts in holder demographics: age, gender, income Th

The Trump administration announced it will take $2 billion in equity stakes across nine US quantum computing companies, including a new venture from IBM, according to Reuters. The investments will use incentives from the CHIPS and Science Act to support domestic production and strengthen

Cryptocurrency investment firms Paradigm and Tempo jointly open-sourced Centaur on May 21. This is a self-hosted, multi-person collaborative AI Agent runtime framework that has been widely used across multiple departments within Paradigm—such as cross-investment and engineering—since January. Centaur operates in the form of “shared virtual employees” and can be invoked via Slack threads or APIs. Security architecture: Iron Proxy injects credentials at the network layer Centaur’s core security de

Microsoft is in talks to supply Anthropic, the San Francisco AI firm behind Claude, with its Maia 200 AI chips through Azure. The deal has not been finalized, but it could help Microsoft narrow the gap with Amazon and Google in offering custom AI chips to cloud customers. In November, Microsoft

SEC Commissioner Hester Peirce, known as a crypto-friendly regulator, clarified on the 21st (local time) that synthetic securities are excluded from a planned innovation exemption for tokenized stocks. On the 18th, Bloomberg reported that the SEC was preparing to announce an 'innovation exemption' f

Bengaluru-based early-stage investor Shastra VC launched a US$100 million fund on May 21 to back Indian startups in deeptech and defense as well as AI and renewable sciences. The firm will write cheques of US$500,000 to US$3 million for companies built around intellectual property. This launch