Gate Cryptocurrency News and Market Analysis

LG Electronics reported on May 4 that its first-quarter 2026 revenue rose 4.3% year-on-year to US$16.23 billion, while operating profit increased 32.9% to US$1.14 billion. The company said this was its highest first-quarter revenue on record, driven by strong performance across multiple business

Ripple CEO Brad Garlinghouse stated at XRP Las Vegas 2026 that the company is not prioritizing an initial public offering, citing the lackluster post-IPO performance of crypto firms including BitGo, Gemini, and Kraken. "We have not prioritized going public for a whole bunch of reasons," Garlinghouse

Singapore-based Cata, a merchant app software platform for food and beverage and retail businesses, raised US$5.3 million in seed funding led by Portage Ventures, according to Cata. The round also included White Star Capital, 468 Capital, FoodLabs, FJ Labs, Rally Cap, and Iterative. Funding and

Whale transferred $3.25M ASTER, raising fears of renewed selling pressure. Momentum indicators remain negative, confirming continued bearish control. Buyers show accumulation signs, but recovery remains weak and uncertain. Aster — ASTER, is catching attention again after a large whale tr

Positive signals from the U.S.-Iran peace talks, but war preparations continue in parallel; control of the Strait of Hormuz faces a turning point. U.S. employment data may further reinforce dovish expectations, and BTC has returned above $80,000 for the first time in three months.

Megazone Cloud, a South Korea-based cloud services firm, was selected by Amazon Web Services on May 4 as the operations partner for AWS Agentic AI GameDay in South Korea, according to the company announcement. The program is a hands-on training event led by AWS's Generative AI Innovation Center,

On May 4, Douyin, ByteDance's core large language model, announced the introduction of paid subscription plans alongside its free tier, according to reporting by澎湃新闻 (The Paper). The move marks a potential end to the free-access era for Chinese AI models and reflects growing demand for advanced

Morgan Stanley launched the first bank-issued Bitcoin exchange-traded product (ETP), but the firm's advisors and regulators still face significant hurdles before Bitcoin appears on U.S. bank balance sheets at scale, according to Amy Oldenburg. Morgan Stanley's Bitcoin ETP Initiative Morgan Stanle

Whale selling continues, but SHIB absorbs supply and maintains upward momentum. Token burns and positive inflows strengthen SHIB’s supply-demand balance. Ascending triangle breakout could target $0.00000900 if resistance breaks. Shiba Inu is beginning to separate from a sluggish crypto m

Park Sang-hyuk, editor of Digital Asset publication, explained that Bitcoin prices rose following U.S. President Donald Trump's announcement of 'Project Freedom' due to market expectations of declining oil prices, according to his appearance on SamproTV on the 4th. Project Freedom Background Proj

South Korean Democratic Party politician Jin Sung-joon, chair of the National Assembly's Budget and Settlement Special Committee, stated that digital asset taxation should proceed as scheduled in 2027, according to MTN News. Appearing on the program '여의도교차로,' Jin chose to proceed with taxation

Singapore and New Zealand formally signed an Essential Goods Trade Agreement on May 4 (local time), according to Central Television News. The accord commits both nations to ensuring that exports of food, energy, medicine, chemicals, and construction

South Korea's online shopping sales rose 13.3% year on year to a record 25.6 trillion won (US$17.4 billion) in March, driven by Tesla orders and higher spending on food services and groceries, according to Yonhap. Record Online Sales Figures The monthly total was up 3 trillion won (US$2.06 billio

Taiwanese chip designer MediaTek appointed former Taiwan Semiconductor Manufacturing Co (TSMC) executive Douglas Yu as a part-time adviser on May 4, according to Reuters. The move supports MediaTek's expansion into the AI chip market and its advancement of packaging technology. Advanced

Veteran trader Peter Brandt predicts bitcoin will rally to $250,000 in 2029, but only after the market completes a prolonged bottoming process extending into September 2026, according to Brandt's statement. Price Target and Timeline Brandt forecasts bitcoin reaching $250,000 in 2029 following

The blocking statute invoked by MOFCOM requires other companies conducting commercial activities in the country to disregard the sanctions imposed on five domestic refiners linked to Iranian oil transactions, because they constitute an improper extraterritorial application of foreign laws and

Indonesian entertainment and experiences platform TipTip announced on May 4 that it achieved company-wide EBITDA profitability in early 2026, driven by cost controls, improved unit economics, and partnership with lead investor East Ventures. Entertainment Ticketing Growth TipTip's entertainment t

China announced it was blocking Meta's US$2 billion acquisition of AI agent firm Manus, citing concerns over the transfer of Chinese artificial intelligence intellectual property to a US company, according to Tech in Asia reporting. Manus, a China-founded company that relocated its headquarters to