Gate.ioNewsBot

According to the Gate.io News bot and CoinDesk, DeFi data analysis company IntoTheBlock has announced a merger with liquidity solution provider Trident Digital, and the newly formed entity is named Sentora. The company is raising $25 million in a funding round led by New Form Capital, with participation from Ripple and Tribe Capital.
Sentora will combine the professional advantages of both companies in the fields of Decentralized Finance data analysis and Liquidity structure design to create a one-stop compliant DeFi platform for institutional investors, providing services such as yield strategies, risk control, compliance, and structured products.

According to the Gate.io News bot and Decrypt reports, Emma Reynolds, the Economic Secretary to the Treasury of the UK, announced at the Financial Times Digital Assets Summit in London that the UK will not follow the US government in reserving Bitcoin, clearly stating, "This is not our plan."
Reynolds pointed out that the UK market is currently not suitable for holding Bitcoin. However, the UK will maintain cooperation with the US in the field of digital assets, and both sides have formed a senior officials working group, planning to hold a "regulatory forum" in June.
At the same time, the UK is advancing the application of Distributed Ledger Technology (DLT) in sovereign debt issuance, with relevant suppliers expected to be determined by the end of this summer. Reynolds further explained that the UK will not directly adopt the EU MiCA regulatory framework, but will choose to manage digital assets under the existing traditional financial regulatory system.

Gate.io News bot message, Citigroup has announced a partnership with the Swiss Stock Exchange's digital asset platform SDX (SIX Digital Exchange). The two parties plan to provide tokenization services for pre-IPO private stocks on SDX's Blockchain custody platform.
According to the cooperation agreement, Citigroup will act as the accomplice and issuing agent. The project is scheduled to launch in the third quarter of 2024, with the initial service areas including Switzerland, Singapore, and other parts of Asia, but it will not be open to U.S. investors.
SDX adopts R3 Corda technology to build a blockchain securities custody system, allowing investors to directly operate tokenized assets through existing bank accounts. Digital asset bank Sygnum and Singapore's SBI Digital Markets have also joined the project, responsible for equity sourcing and access service support.
Source: CoinDesk

Gate News bot message, according to Gate market data, the BTC_USDT price has fallen below 94000 USDT, currently priced at 93975.1 USDT. The 24-hour fall is 0.24%.

According to the Gate.io News bot, the Financial Times reported that Anysphere, the parent company of the AI code editor Cursor, has completed a new round of financing. This round raised $900 million, led by Thrive Capital, an investor in OpenAI, with participation from firms like a16z and Accel, bringing Anysphere's valuation to $9 billion.
It is worth noting that Alameda Research, a subsidiary of FTX, participated in the seed round financing of Anysphere in 2022, with an investment amount of $200,000. After the bankruptcy of FTX, this investment was sold by the liquidators at the original price of $200,000. According to community calculations, if Alameda Research had held this investment until now, its value would be approximately $500 million.
Source: Financial Times

Gate.io News bot message, according to the latest analysis report by QCP, the implied volatility of the crypto market is in a sluggish state, the short-end options skew has returned to a neutral level, and the price movement in the Spot market shows no clear direction.
The report indicates that on Monday, gold prices rose nearly 3%, reflecting an increase in market pricing for the weakness of the dollar and geopolitical uncertainties.
QCP analysis suggests that there are two types of price movement in the market: first, a sudden volatility shock causing Bitcoin to detach from its safe-haven correlation with gold and instead align with risk assets; second, trade factors becoming dominant, with the strengthening of Asia-Pacific currencies enhancing regional bargaining power, prompting a global reallocation of capital. Against the backdrop of gradually loosening correlations between assets, the foreign exchange market serves as an early warning signal for the evolution of macro risks.

According to Gate.io News bot, the latest chart analysis from Matrixport shows that the market is exhibiting unusual trends: despite the price of Bitcoin having risen nearly 25%, the size of open contracts has increased from $22 billion to $29 billion, yet the funding rate remains hovering near zero. This indicates that even during the price rise, some futures traders are still continuing to build short positions instead of following the upward trend.
Matrixport points out that this rare market structure indicates the possibility of greater volatility: if prices continue to rise, short positions may be forced to close, accelerating the upward momentum; if prices adjust, existing short position layouts may be strengthened. Regardless of how the market develops, the current structure suggests that future volatility will increase.

According to the Gate.io News bot, Bloomberg reports that encryption staking service provider Figment is seeking acquisition projects in the range of $100 million to $200 million. The company is targeting acquisitions of projects that dominate on-chain in Cosmos, Solana, and other blockchains, as well as projects that focus on regional markets in Asia and South America.
Figment CEO Lorien Gabel revealed that the company has issued letters of intent to multiple projects. Currently, the total staked assets managed by Figment amount to approximately $15 billion. The company plans to further expand its business after the Ethereum staking ETF receives regulatory approval in the United States.
Source: Bloomberg

Gate.io News bot message, Ethereum developer @nero_eth recently published an article discussing the data availability issues under the latency execution (EIP-7886) mechanism.
According to the article, the latency execution mechanism has changed the block validation process. Validators verify the validity of blocks through pre-checks (including nonce, balance, etc.) instead of waiting for transactions to be fully executed. When a transaction fails due to insufficient balance (for example, after transaction A consumes account B's balance, B's transaction cannot pay for Gas), this data has already been written into the block and processed by the validators, but the fees have not been paid.
For the issue of free data availability (Free DA), the article proposes four solutions: optimistic authentication, pre-validation and pre-charging, pre-charging entities, and no-operation execution layers. These solutions ensure that the cost of writing data must be paid through methods such as pre-deducted fees, block reorganization, or state rollback.
Source: Wu Says

According to news from the Gate.io News bot and a report by Cointelegraph, Celsius founder Alex Mashinsky has expressed objections to the 20-year prison sentence proposed by the U.S. Department of Justice. Mashinsky admitted in December 2024 to charges of commodity fraud and manipulating the price of the CEL Token, having made $48 million in profits by selling tokens prior to the collapse of Celsius.
On May 5, his legal team submitted a response memorandum to the New York District Court, requesting to reduce the sentence to less than 366 days. The legal team pointed out that Mashinsky, as a first-time non-violent offender, has a flawless business record spanning 30 years.

Gate.io News bot message, Clanker team member Jack Dishman announced that the team has been informed of the prior misconduct of proxystudio and has decided to terminate its partnership. Dishman emphasized that Clanker's operations and asset status remain normal, and the team has initiated the handover plan and completed the multi-signature holder update.
According to reports, Clanker was originally co-founded by Jack Dishman and proxystudio. The incident originated when Aerodrome founder Alex Cutler identified proxystudio as the identity of Gabagool during the FarCon offline event. Previously, while serving at Velodrome, Gabagool misappropriated $350,000 of team funds and later returned it under pressure.
Source: Wu Says

According to Gate.io News bot, Cointelegraph reported that two cryptocurrency bills in Florida, HB 487 and SB 550, were "indefinitely postponed and withdrawn" on May 3. These bills were originally intended to authorize the state to allocate 10% of its funds for Bitcoin investment, but they did not pass by the end of the legislative session on May 2. Additionally, similar bills proposed in several other U.S. states, such as Wyoming and South Dakota, also failed to pass the legislative process.

Gate.io News bot message, a proposal to remove the OP_RETURN data limit has recently emerged in Bitcoin Core, sparking widespread discussion in the community. OP_RETURN, as a Bitcoin script Operation Code, currently has a default limit of 80 bytes for embedding data in transactions, with transactions exceeding 83 bytes being restricted during propagation.
Proponents of the proposal point out that the existing restrictions have become ineffective and can be circumvented. They believe that removing the restrictions not only aligns with the early design philosophy of Bitcoin but also alleviates network burdens and brings more income to miners.
Opponents emphasize that this change leads to non-transaction data occupying block space and raising transaction fees. Currently, miners hold differing positions on this proposal. If the proposal is ultimately approved, users will still have the option to choose a client with stricter limits.

Gate.io News bot message, according to SoSoValue data, on May 5th (Eastern Time), the Bitcoin Spot ETF market continued to show a net inflow trend, with a total net inflow of 425 million dollars on that day.
Blackrock's IBIT under BlackRock has performed the most prominently, with a single-day net inflow of $531 million, bringing the total historical net inflow to $44.212 billion. In contrast, Fidelity's FBTC experienced a net outflow of $57.8215 million, but its historical total net inflow remains at $11.597 billion.
As of the time of publication, the net asset value of Bitcoin Spot ETF reached $110.685 billion, accounting for 5.91% of Bitcoin's total market value, with a historical cumulative net inflow of $40.662 billion.

Gate.io News bot message, according to SoSoValue data, on May 5th (Eastern Time), the total net inflow of Bitcoin Spot ETF market reached $425 million, maintaining a net inflow trend for three consecutive days. Among them, Blackrock's IBIT performed outstandingly, with a single-day net inflow amount of $531 million, and the cumulative historical total net inflow scale has reached $44.212 billion.
Source: Wu Shuo

According to the Gate.io News bot, as reported by Jin10, IG market strategist Yeap Jun Rong pointed out that gold prices have shown a strong rise this week. Investors are reallocating to safe-haven assets to cope with the portfolio fluctuation risks triggered by former US President Trump's reintroduction of tariffs. He further stated that if the Federal Reserve releases a dovish signal, it could provide additional support for gold prices and strengthen their overall upward trend.

According to Gate.io News bot, Treasure Chain has confirmed that it will cease operations on May 30, 2025. The official notice requires all asset holders to complete the redemption of assets such as ETH, MAGIC, SMOL, and NFT before the deadline. This decision stems from the restructuring announcement previously released by Treasure DAO, which has decided to terminate game operations and the Treasure Chain business due to financial conditions.

According to the Gate.io News bot, Decrypt reported that the High Court of Kenya ruled on the case regarding World (formerly known as Worldcoin) collecting biometric data. The court found that World violated privacy laws by collecting users' iris information through providing Crypto Assets as incentives without obtaining legal consent.
The court requires World and its agents to delete all data collected within Kenya within 7 days, and prohibits them from continuing to collect and process relevant data without assessment and incentive conditions. Previously, the project had been suspended in Indonesia.

Gate news bot message, the analyst team led by Michael Gapen, chief U.S. economist at Morgan Stanley, pointed out in their latest research report that considering inflation expectations are likely to remain strong, along with the potential lasting inflation impact from tariff shocks, the likelihood of The Federal Reserve (FED) taking preemptive action is relatively low.
Although Trump has partially relaxed tariff measures since the "Liberation Day" on April 2, stabilizing the bond and stock markets to some extent, investors remain cautious about the subsequent market developments. Gregory Peters, Co-Chief Investment Officer at PGIM Fixed Income (which manages $837 billion in assets), advises investors to remain cautious and reduce risk exposure.

According to a message from the Gate.io News bot, Cointelegraph reported that the lawyer of the co-founder of Samourai Wallet revealed that the U.S. prosecutors did not disclose an important piece of information when filing the lawsuit. The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) informed the prosecutors in October 2023 that since Samourai does not control user Private Keys, it does not need to apply for a Money Services Business (MSB) license. However, this information was not made public until April 2025. Based on the prosecutors' violation of the obligation to disclose information, the legal team plans to submit a new motion to dismiss the charges to the court.