Gate Cryptocurrency News and Market Analysis

Echo Protocol, a Bitcoin liquidity and synthetic asset protocol built on the Monad ecosystem, suffered a major exploit after attackers minted approximately 1,000 eBTC tokens worth nearly $76.7 million through a compromised administrator key tied to its Monad deployment. The exploit was first

Prime Trust's post-bankruptcy litigation trust has filed suit against Swan Bitcoin in Delaware bankruptcy court, alleging the Bitcoin services company exploited insider knowledge to withdraw nearly $1 billion in assets from the custodian in the days before its August 2023 collapse. The complaint

Decentralized finance protocol Echo Protocol was exploited after an attacker minted approximately 1,000 unauthorized eBTC on the protocol deployed on the Monad blockchain. Blockchain security firm PeckShield and analytics platform Lookonchain reported the incident on Tuesday, noting that the

The US Securities and Exchange Commission is reportedly developing an "innovation exemption" for blockchain-based tokenized trading of public companies, according to a Bloomberg report published Monday. The exemption could come as early as this week, potentially expanding the trading of publicly lis

The Ethereum Foundation saw the resignations of Julian Ma and Carl Beek on Monday, bringing the total number of high-profile departures at the organization to at least eight in recent months. Ma ended his four-year tenure, while Beek concluded his seven-year tenure at the Foundation. Ma

Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday. The US Senate voted largely along party lines on Wednesday to confirm Warsh as the next Fed chair, succeeding Jerome Powell. Trump nominated both Fed governors in different terms but has

The US Senate Banking Committee passed the crypto framework CLARITY Act on May 14, advancing legislation that the crypto industry has heavily lobbied for since its introduction in 2025. The bill will now proceed to the Senate floor for broader debate, where it faces partisan divisions and ethics

Goldman Sachs sharply reduced its exposure to cryptocurrency exchange-traded funds (ETFs) in the first quarter of 2026, eliminating positions in newly launched altcoin products while maintaining significant Bitcoin and Ether holdings. The US investment bank reported no XRP-linked ETF exposure in its

BNB Chain has tested a post-quantum cryptography upgrade for BSC, but the trial showed a clear cost: larger data loads and lower throughput. Summary BSC tested ML-DSA-44 signatures, but larger transaction data cut TPS about 40% in tests overall. Signature size rose from 65

Ethereum requires three catalysts to regain price momentum and surge higher, according to Sharplink Gaming CEO Joseph Chalom, who outlined the conditions in an interview with Robert Baggs on Cointelegraph's Chain Reaction show published to YouTube on Thursday. The first catalyst is the passage of th

Bitmine Immersion Technologies chairman Tom Lee announced Monday that the crypto treasury company acquired 71,672 Ether (ETH) during a recent market pullback, viewing the price drop below $2,200 as an attractive entry point. Ether has traded between $2,081 and $2,341 over the past seven days and

Verus Protocol's Ethereum bridge was exploited on Monday through a fake cross-chain transfer message, allowing a hacker to fraudulently transfer out at least $11.58 million in cryptocurrency. Onchain security platform Blockaid identified the ongoing exploit and documented a transaction showing a tra

Republican lawmakers are calling for a permanent ban on US central bank digital currency (CBDC) to be enshrined in the 21st Century ROAD to Housing Act, with a House vote expected this week. The Senate Committee on Banking, Housing and Urban Affairs released the bill in March, which includes a

The Federal Reserve reported Wednesday that approximately 10% of US adults used or invested in cryptocurrency in 2025, marking the highest adoption level in three years. This figure represents growth from 2023 and 2024, though it remains below the 2021 peak when 12% of Americans reported any crypto

Iran is reportedly considering a plan to exercise control over the Strait of Hormuz through an "insurance-based model," according to reports citing an Iranian state document. On Saturday, Fars News Agency, an Iranian news outlet closely affiliated with the Islamic Revolutionary Guard Corps, reported

The US Securities and Exchange Commission has rescinded a long-standing rule that barred settling parties in enforcement actions from denying the agency's allegations. The SEC announced the rescission on Monday, eliminating a policy adopted in 1972. According to SEC Chair Paul Atkins, the rule had g

Galaxy Digital, a crypto-focused financial services company led by Mike Novogratz, has received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS). The approval was granted Monday to the company's subsidiary, GalaxyOne Prime NY, which

Bitcoin (BTC) lost its hold on the $80,000 level over the weekend, with analysts identifying the $74,000–$75,000 range as the next critical support test. This price zone has served as key support repeatedly over the last two years, making its retest potentially the most important support test of the