- Macro Trends: In May, global markets oscillated between geopolitical uncertainty, policy expectations, and improving risk sentiment, with the crypto market entering a consolidation phase driven primarily by structural opportunities. ETF inflows decelerated sharply and temporarily turned negative, reflecting a shift in institutional positioning from active accumulation to cautious observation. Global equities continued their upward trajectory, with U.S. stocks remaining resilient on the back of the AI theme, while semiconductor and healthcare sectors outperformed.
- Trending Sectors: Prediction markets are accelerating toward institutional adoption, with monthly trading volume exceeding $10 billion for the fifth consecutive month in May. Kalshi maintained its leadership across fundraising, trading volume, and revenue metrics. Crypto payment cards also saw continued growth in both transaction volume and user activity. USDT and USDC remained the dominant settlement assets, demonstrating how stablecoins are increasingly integrating into real-world spending and cross-border payment ecosystems through card-based payment solutions.
- Industry Developments: Gate officially launched stock trading, allowing users to trade U.S. listed stocks and ETFs directly with USDT. The total stablecoin market capitalization surpassed $300 billion, underscoring the transition of stablecoins from crypto trading instruments to core infrastructure for global payments and on-chain finance. At the same time, major venture firms such as a16z and Haun Ventures raised substantial new funds, signaling growing capital allocation toward infrastructure-focused sectors including stablecoins, RWA, on-chain finance, and AI agents.
Discover more details → Gate Institutional Monthly: U.S. Stocks Continue to Rise, Gate Launches Real Stock Trading
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
June 9, 2026
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