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

美伊和谈释放积极信号但战争准备同步推进，霍尔木兹海峡控制权面临转折；美国就业数据或强化鸽派预期，BTC 时隔三月重回 80,000 美元上方。

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

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

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

Developers and industry figures have raised concerns about an eCash proposal, citing user risk, uneven distribution, and philosophical tension as key issues. Developer Concerns The proposal has drawn criticism from multiple developers and industry participants who argue it introduces several

New York Attorney General Letitia James secured more than $5 million from crypto platform Uphold over its promotion of CredEarn, a third-party yield product that collapsed when its operator Cred LLC filed for bankruptcy in November 2020, according to the attorney general's office.

Venture fund Paradigm has proposed a new design that would allow cryptocurrency holders to privately timestamp proof that they control vulnerable keys before quantum computers arrive, according to the proposal. The design is intended to create a possible rescue path if Bitcoin ever sunsets old

Onchain analytics firm CryptoQuant has characterized Bitcoin's April price surge as a "speculative rally" driven primarily by perpetual futures demand rather than fundamental buying support, warning of increased correction risk. According to CryptoQuant's analysis, Bitcoin rose approximately 20% in

## Prediction Markets See First Volume Decline After Seven-Month Rally Polymarket and Kalshi's combined monthly trading volume declined in April, ending a seven-month streak of record highs, according to The Block's data. Despite the monthly decline, the two leading prediction markets reached a com