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AAVE $90.13 -2.83%
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XLM $0.1519 -1.52%
ZEC $510.47 -0.79%

market

Cerebras goes public, igniting the AI capital market, and the investment firm involving Trump's son emerges

American AI chip company Cerebras Systems officially landed on Nasdaq, becoming the largest IPO globally since 2026, raising approximately $5.55 billion, with a peak increase of 108% during trading, and a closing market value of $67 billion on its first day.The company focuses on wafer-scale giant AI chip architecture and is seen as a significant competitor challenging Nvidia's GPU dominance, having received support for computing power orders from several AI companies, including OpenAI. Notably, the investor list includes 1789 Capital, which is involved with Donald Trump Jr. This institution has participated in two rounds of financing for Cerebras since 2025 and has continued to increase its investment in subsequent financing rounds.Cerebras completed multiple rounds of financing before its IPO, with its valuation rising to $23 billion at one point, attracting participation from several institutions and industry capital, including Benchmark, Fidelity, and AMD, forming a diverse shareholder structure covering Silicon Valley and Wall Street. Analysts point out that this IPO not only marks an important milestone in the AI chip sector but also further amplifies the trend of capital concentration in the AI infrastructure field, while the involvement of politically connected investment institutions adds more market and public attention to the deal.

Hyperliquid lobbying organization responds to regulatory pressure from CME and ICE: On-chain transparency is more helpful in combating market manipulation

In response to Bloomberg's report on CME and ICE pressuring the CFTC regarding Hyperliquid, the Hyperliquid Policy Center, a lobbying organization led by prominent crypto lawyer Jake Chervinsky and funded by the Hyper Foundation, tweeted that the concerns lack basis.The organization stated that Hyperliquid publishes complete on-chain transaction records in real-time, with transparency far exceeding that of traditional exchanges, which serves as a strong deterrent against insider trading and price manipulation, and is beneficial for regulatory agencies and law enforcement to conduct monitoring and investigations.Additionally, Hyperliquid offers 24/7 uninterrupted trading, effectively eliminating price gaps between the opening and closing of traditional markets. The organization acknowledged that current U.S. laws have not yet made specific provisions for on-chain derivatives markets and will continue to work with Washington policymakers to promote the implementation of relevant regulatory frameworks.Previously, the Hyperliquid Policy Center was established on February 18 of this year in Washington, with former Blockchain Association and Variant Chief Legal Officer Jake Chervinsky serving as CEO, receiving a donation of 1 million HYPE from the Hyper Foundation, focusing on promoting a compliant regulatory path for DeFi in the United States.

After receiving $100 million in funding, Gemini's pre-market increase exceeded 25%, but it still reported a loss of $109 million in Q1

According to CoinDesk, after the cryptocurrency trading platform Gemini, founded by the Winklevoss brothers, announced its Q1 2026 financial report, its stock price rose over 25% in pre-market trading. The financial report showed that the company's revenue for the quarter increased by 42% year-on-year to $50.3 million, while the net loss narrowed by 27% year-on-year to $109 million, but still exceeded market expectations of a loss of $0.61 per share.The report indicated that Gemini's operating expenses increased by 73% year-on-year to $144.5 million, with employee compensation costs rising by 91%, which included approximately $6.5 million in severance pay; sales and marketing expenses also doubled year-on-year to $19.1 million.The company stated that it is currently driving its business transformation through layoffs, business contraction, and a $100 million Bitcoin injection from Winklevoss Capital Fund, and is seeking to achieve profitability.In February of this year, Gemini closed its operations in the UK, EU, and Australia, laying off about 25% of its staff, and shifted its focus to the U.S. market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for its Derivatives Clearing Organization (DCO) license, officially entering the cryptocurrency prediction market field. Boosted by these developments, the company's stock price has recently rebounded and is now above $6.6.

Crude oil prices continue to rise, and the trading volume of Gate crude oil contracts ranks among the top in the market

According to CoinGlass data, Brent crude oil (XBR) is currently priced at $102.78, up 0.68% in 24 hours; WTI crude oil (XTI) is currently priced at $98.45, up 1.33% in 24 hours, with active trading in oil-related contracts. Among them, for XBR, the trading volume on the Gate platform is approximately $5.45 million, ranking first across the network; for XTI, the trading pair XTI/USDT has a 24-hour trading volume of approximately $3.4613 million, maintaining high market attention, reflecting the platform's liquidity and product advantages in the oil derivatives market.In addition, Gate has renamed the trading symbol for the XBR perpetual contract to BZ and officially launched the BZ perpetual contract; at the same time, the trading symbol for the XTI perpetual contract has been renamed to CL and officially launched the CL perpetual contract. This only involves adjustments to the trading symbols, while the contract underlying and trading rules remain unchanged. Gate will further improve the product system for oil derivatives on the platform.Gate contracts have taken the lead in the oil market, pioneering the commodity contract sector, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, assisting users in cross-market asset allocation and strategic layout in volatile markets.
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