Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.

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Chainlink Fuels Polymarket Surge to $153M Daily Volume

_Polymarket’s 5- and 15-min crypto markets now average $153M daily trading volume after integrating Chainlink._ _Total volume across short-duration markets has surpassed $4B, with $200M traded in week one of 5-min markets._ _Chainlink’s decentralized data feeds power real-time market
LINK1,78%
LiveBTCNews·24m ago

Bank of America report: Kalshi controls 89% of prediction markets, regulatory advantage leads the competition

A Bank of America report says that prediction markets are expected to see trading volume grow this week, with Kalshi growing 6% under CFTC regulation and accounting for 89% market share. By contrast, Polymarket saw its trading volume fall 16% due to compliance restrictions. Legal disputes between the CFTC and various states will affect the future direction of prediction markets and may reshape the market’s competitive landscape. Major exchanges such as Coinbase and Binance are accelerating entry into this space, further driving prediction markets to become a mainstream financial product.
MarketWhisper·1h ago
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SHIB Ticks Up Amid Drop in Derivatives Trading Volume

SHIB price rose 2.37% while futures activity and trader participation declined. Traders reduced exposure as outflows exceeded inflows across SHIB derivatives markets. Wallet growth hit record levels, signaling strong long-term holder confidence. Shiba Inu posted a modest price increase a
SHIB0,56%
BTC1,45%
ETH0,43%
CryptoNewsLand·1h ago

Compass Point cuts Circle to Sell, CRCL shares fall more than 10%

Circle Internet Group(CRCL)stock price fell 9.9%, and Compass Point cut its rating to “Sell,” with a target price of $77, reflecting regulatory risk and the impact of market sentiment. At the same time, a hacking incident involving Drift Protocol triggered a collective lawsuit investigation, indirectly affecting CRCL’s stock price. Market awareness of DeFi risks has increased, and with stablecoin legislation stalled, Circle faces greater structural pressure.
USDC-0,01%
MarketWhisper·1h ago
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Bittensor’s Decentralized Lie Exposed, Covenant AI Announces the Entire Team Has Left

Covenant AI announced on April 10 that it was withdrawing from the Bittensor network, accusing key figure Jacob Steeves of betraying the promise of decentralization and citing multiple suppression actions. Covenant AI emphasized that the apparent decentralized governance of Bittensor is actually controlled by a single person, creating a “decentralization theater.” The team’s decentralized LLM pretraining project, Covenant-72B, has significant influence in the industry; this withdrawal is seen as a proactive choice rather than a failure.
TAO-16,32%
MarketWhisper·1h ago
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Bitmine completes NYSE uplisting, expanding its share repurchase scale fourfold to $4 billion

Bitmine Immersion Technologies completes its uplisting from the U.S. board of the New York Stock Exchange (NYSE) to the NYSE, keeping its stock ticker unchanged, and announces that it will expand its share repurchase plan to $4 billion. The uplisting shows that it meets the rigorous standards of the NYSE main board and can attract more institutional investors. The share repurchase plan reflects the company’s commitment to its shareholders and is intended to boost its stock price.
MarketWhisper·2h ago
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Only once every 300 years! Miners earn $220k by mining Bitcoin blocks solo

An independent Bitcoin miner using 70 TH/s successfully mined the 944,306th block in April, earning a reward of about $222,012. Although the success rate is extremely low, this event demonstrates the decentralized spirit of the Bitcoin network—any miner has a chance to mine a block. However, according to statistics, last year solo miners mined only 22 blocks, showing the real-world challenges and hardships involved.
BTC1,45%
MarketWhisper·2h ago
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