Gate Cryptocurrency News and Market Analysis

Innovation City, an AI-powered free zone in Ras Al Khaimah, has launched a blockchain-based digital business identity system to replace traditional and static business licenses with “living,” cryptographically verifiable assets on the OPN chain. Key Takeaways: Innovation City launched an

South Korea's largest crypto exchange Upbit has partnered with Optimism to build GIWA Chain, a new Ethereum Layer 2 using the OP tech stack, according to an announcement on Monday. GIWA Chain is the first chain to launch on the Self-Managed tier of OP Enterprise, meaning Upbit will run the chain

Turkey's central bank maintained its tight monetary policy in April 2026 despite persistent inflation and slowing economic activity, keeping its main interest rate at 37 percent to defend the lira and restrict credit, according to the bank's latest policy decision. The central bank has limited lira

Indonesia's Ministry of Communication and Digital has expanded its child protection rule for electronic systems, PP Tunas, to cover ecommerce, fintech, banks, search engines, and other digital services likely to be used by children, according to ministry official Mediodecci Lustarini. The rule

Tetra Trust has launched CADD, a new stablecoin backed by Shopify and National Bank of Canada among other supporters, designed to enable 24/7 cross-border settlement and real-time institutional transactions. The digital currency targets institutional users seeking to replace legacy batch settlement

Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) announced on April 4 that the country's combined oil and gas production in March reached 5.531 million barrels of oil equivalent per day, marking a historical record. The production surge reflects both operational expansion and

HSBC Holdings disclosed on May 5 that it intends to maintain its common equity tier one (CET1) ratio mid-term target range at 14% to 14.5%, according to the bank's first quarter 2026 earnings report. The group stated it is adequately prepared to address changes and uncertainties in the global

The UAE banking system faces mounting pressure as the monetary base (M0) declined by AED74.6 billion ($20.3 billion), or 8.2 percent, by March 30, 2026, following the US-Israeli war on Iran that began on February 28, according to an Oxford Economics report. Rising interbank lending rates and large-s

Grab announced it will adjust its Indonesia business following President Prabowo Subianto's government decision to cap ride-hailing commissions at 8%, down from approximately 20%, according to Bloomberg. The change is expected to primarily affect the company's two-wheel motorbike services in its

Aave LLC filed an emergency motion in federal court on May 1 seeking to lift a court-ordered freeze of approximately $73 million in ether recovered from the Kelp DAO exploit, according to the filing. The order restricts Arbitrum DAO from moving the recovered funds while plaintiffs from years-old ter

Milky Mist Dairy Food, an India-based dairy products maker, raised approximately 4.8 billion rupees (US$50.8 million) in a pre-IPO funding round led by Jongsong Investments, an indirect unit of Temasek Holdings. The round combines new share issuance and promoter share sales ahead of the company's

Payward, the parent company of cryptocurrency exchange Kraken, has closed a $550 million acquisition of Bitnomial. The deal grants Payward a full CFTC-regulated derivatives stack in the U.S., according to the announcement. CFTC Derivatives Regulatory Status The transaction provides Payward with c

Australian data center operator Nextdc announced on May 5 that it secured A$1.8 billion, or about US$1.29 billion, in new senior debt facilities, according to Reuters. The funding will support capital spending linked to recent customer contract wins and ongoing data center developments. This debt r

Amplicity, a Singapore-based energy startup, closed a US$1 million seed round on March 31, according to the company. The round added Engie and strategic angel investors to the company's cap table. Amplicity aims to help businesses earn revenue from backup batteries through power market services,

Payward, the parent company of crypto exchange Kraken, has filed a lawsuit alleging $25 million in crypto custody fraud against Etana and the firm's CEO, according to the complaint. The allegations center on claims that client funds were misused, commingled, and concealed as part of a "Ponzi-like" s

Pinterest reported first-quarter results that beat analyst estimates on May 23, 2024, with revenue rising 18% year on year and shares climbing 17% following the earnings announcement and raised second-quarter guidance, according to CNBC. Financial Performance Revenue reached US$855 million

## Banking Groups Challenge Senate Stablecoin Compromise Five major banking trade groups — the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America — released a statement on Monday saying a proposed

Grab reported a US$120 million net profit for Q1 2026, with revenue rising 24% year-on-year to US$955 million, according to Grab Holdings Limited. Monthly transacting users reached a record 52 million, while on-demand gross merchandise value rose 24% to US$6.1 billion. Financial Performance

Acquisition Details Cisco has completed its acquisition of Astrix Security, an Israeli cybersecurity startup focused on non-human identities, for approximately US$400 million. The company will integrate Astrix's technology into Cisco Identity Intelligence, Duo, Secure Access, and Splunk. About A

Yaron Elad and Elik Etzion, former executives at Israel's Elron Ventures, have launched AlphaDrive, a US$100 million fund focused on cybersecurity and artificial intelligence, according to Calcalist. Fund Structure and Investment Approach AlphaDrive targets startups founded by Israeli