News linked to both this project and an event.
the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.
Giovanni Cunti, CEO of Gate Europe, stated that some crypto companies which have already obtained licenses under the EU's Markets in Crypto-Assets Regulation (MiCA) may still exit the EU market due to rising compliance costs. Cunti indicated that stricter regulatory requirements make it more difficult for new entrants to compete, and some licensed companies may not be able to sustain the costs and resources required for ongoing operations under this framework in the long term. MiCA is the EU's regulatory framework for crypto assets. The 18-month transitional period ended on July 1st, and crypto companies serving EU clients must either obtain authorization or cease providing regulated services. Binance failed to obtain a MiCA license before the deadline. Last Friday, the European Securities and Markets Authority (ESMA) added 14 crypto asset service providers (CASPs) to its register, bringing the total number of authorized companies to 294. Cunti noted that the number of market operators in Europe has already decreased from thousands to hundreds.
According to the latest in-depth review and exchange ranking by renowned French crypto media Cryptoast, Gate Europe has been ranked third among European crypto trading platforms. The report indicates that Gate Europe has become one of the most competitive digital asset trading platforms in the European market, thanks to its comprehensive MiCA compliance framework, industry-leading low trading fees, and a wide selection of digital assets. The report states that Gate Europe has obtained a MiCA license from the Malta Financial Services Authority (MFSA) and completed passporting into the French market, among others, allowing it to offer compliant digital asset trading services within the European Economic Area. The platform currently supports over 270 crypto assets, with spot Maker and Taker fees as low as 0.1%, offering a significant advantage among MiCA-compliant trading platforms in Europe.Cryptoast notes that beyond its low fee advantage, Gate Europe also provides services such as free SEPA euro deposits, Proof of Reserves, mobile trading, and wealth management products. The platform employs a VIP tiered fee structure, where spot Maker fees can be reduced to as low as 0% as trading volume and asset scale increase. The report concludes that with its product ecosystem balancing compliance, security, and trading efficiency, Gate Europe can meet the diverse needs of both professional traders and ordinary investors, offering European users a more transparent and efficient digital asset investment experience.As MiCA continues to be implemented across Europe, the digital asset industry is moving towards a more regulated development phase. Leveraging its globally leading trading infrastructure, continuously improving product ecosystem, and localized compliance strategy, Gate Europe is steadily enhancing its service capabilities in the European market. The platform aims to provide users with a safer, more efficient, and trustworthy digital asset trading experience, further driving the development of the global digital finance ecosystem.
Gate's June 2026 transparency report shows the platform is continuously improving its global stock investment service system. It has built a 7×24 trading network covering the three major markets of US stocks, Hong Kong stocks, and Korean stocks, supporting users in investing in global stocks with a one-stop solution using USDT through a unified account. The platform also offers services such as a minimum investment of 0.01 shares, stock dividends, cross-broker transfer, and stock splits/consolidations. Concurrently, Gate has launched a Direct IPO product and its first project, SpaceX (SPCX), forming a complete investment chain covering Pre-IPOs, Direct IPOs, and secondary stock market trading, further expanding global asset allocation capabilities. Additionally, the platform has officially introduced Gate Wealth, integrating digital assets, stocks, ETFs, foreign exchange, commodities, and primary market investment opportunities, providing users with a more diverse selection for global asset allocation.Alongside building a one-stop comprehensive financial service platform, Gate is also strengthening its security, transparency, and global compliance efforts. According to the latest reserve data, as of June 22, Gate's total reserve size reached $8.182 billion, with an overall reserve ratio of 115%, covering nearly 500 types of user assets. This reserve level is higher than industry security benchmarks. Gate is accelerating its global compliance layout, with several of its entities having completed relevant regulatory registrations, filed for licenses, or obtained authorization and approval in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. By securing multi-jurisdictional regulatory permits and registrations, it solidifies its global business foundation. Looking ahead, Gate will continue to deepen the integration of traditional finance with digital assets. Under the premise of safety and compliance, it will enhance its service systems for trading, investment, wealth management, and payments, accelerating the construction of a comprehensive financial services ecosystem covering global markets.
Gate issued an announcement regarding the recent "user asset theft incident," sharing internal comprehensive verification results, analysis of the incident's cause, and progress on subsequent handling. Regarding the verification process and key facts, the announcement stated that after comprehensive verification, materials submitted by the applicant at the time, including account information, real-name information, transaction records, Alipay screen recordings, etc., matched the account completely. According to analysis by the technical team, Alipay screen recordings can only be made by the customer themselves or someone with access to the customer's Alipay account. Alipay possesses an extremely strict real-time risk control system; logging into Alipay on a different device will mandate multi-factor authentication. This indicates a situation involving serious leakage of customer information or device compromise. Regarding the Gate platform audit mechanism, the announcement stated that the Company's security unbinding audit mechanism strictly executes the four-fold verification process of "Multi-channel advance notification + System risk control preliminary screening + Manual multi-layer review + Time protection," and never has nor will it approve any security item change application based on a single material alone. Gate always takes information security and customer data protection as the Company's core management requirements. The issue of internal information leakage mentioned by some parties does not exist. Regarding fund recovery and subsequent handling, the announcement stated that Gate processed the matter with the highest priority immediately after the incident occurred, coordinating security, compliance, legal, business, and other teams to carry out on-chain analysis and asset tracking and freezing. It continues to coordinate with third-party institutions such as Tether to advance fund freezing. Subsequently, it will also actively cooperate with judicial authorities in investigations and data collection. Any substantive progress will be communicated immediately.
Gate has responded on platform X to alleged user asset theft, stating: "The incident shows that the customer initiated withdrawal operations between 15:00-16:00 (UTC+8) on July 7, and reported the fund loss to online customer service at 17:00 (UTC+8) on July 8. Gate immediately activated its verification mechanism. The matter is currently under urgent investigation. Initial assessment indicates an isolated case with no system security vulnerabilities, and the website is operating normally."According to preliminary checks, the possibility of user information leakage cannot be ruled out in this incident, and the specific circumstances are still under investigation. Gate will disclose details of the event as soon as the investigation is concluded.Additionally, during the dissemination of related information, unverified content has been widely shared. We urge netizens to maintain their ability to discern credible sources.Finally, we remind all users to log in through official channels and enable two-factor authentication to ensure fund security. Protecting user asset security has always been Gate's top priority."
on-chain investigator ZachXBT stated that the LAB token has fallen from $14 to under $2 in the past 24 hours, a drop of approximately 85%, with its fully diluted valuation (FDV) shrinking sharply from around $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate did not take proactive measures to prevent price manipulation. He stated that if centralized exchanges truly valued user interests, they should at least return profits from accounts suspected of market manipulation to users.He also pointed out that LAB investors were originally scheduled to begin unlocking tokens later this month, but the vesting schedule has been repeatedly modified. Insiders have long controlled nearly the entire circulating supply and have used market makers to carry out extreme price manipulation on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."
According to an official announcement, Gate's stock product has officially launched a limit order function, allowing users to set their own buy or sell prices. When the market price reaches the designated price level, the system will automatically execute the order according to market matching rules, helping users formulate trading strategies more flexibly and seize market opportunities. The newly launched limit order function also supports placing orders in advance without real-time market monitoring, effectively enhancing the ability to control trading prices, reducing execution discrepancies caused by short-term market fluctuations, and making it more suitable for medium-to-long-term positioning and key price level trading. Users can place orders via 【Stock】 - 【US Stocks/HK Stocks/Korean Stocks】 - 【Limit Order】. The App needs to be upgraded to v8.26.5 or above to experience the feature.Gate Stock has formed a 7×24-hour trading service system covering three core markets: US stocks, HK stocks, and Korean stocks. It supports over 10,000 US stocks and ETFs, over 1,500 HK stocks, and over 1,000 Korean stocks, covering a total of more than 12,500 global stocks and ETF assets. Users can participate in global stock investment in one stop using USDT through their unified Gate account, support fractional share trading with a minimum of 0.01 shares, and enjoy stock dividend rights. The platform also supports cross-broker securities transfer for US and HK stocks, and supports corporate actions such as stock splits and reverse stock splits, further optimizing the stock investment service experience.
according to the latest selection by BeInCrypto, Gate has been listed among the "Best MiCA-Licensed Crypto Platforms in 2026" and was recognized as "Best for Access to a Large Cryptocurrency Selection." The review noted that Gate offers a diverse digital asset ecosystem covering spot trading, futures, wealth management, and Web3 services. Leveraging its extensive asset coverage and comprehensive product suite, Gate provides European users with a more refined digital asset trading experience.With the official end of the transition period for the EU's Markets in Crypto-Assets Regulation (MiCA), the European digital asset market has fully entered an era of unified regulation. Gate Europe had previously obtained both the EU MiCA license and a Payment Institution (PI) license. These two important regulatory qualifications provide solid support for Gate Europe's operations under the European regulatory framework, further strengthening the platform's capabilities in compliant operations, risk management, and long-term development. This recognition from a well-known industry media outlet further demonstrates Gate's positive progress in advancing compliance efforts and continuously optimizing products and services in Europe over the long term. Gate Founder and CEO Dr. Han stated that the formal implementation of MiCA marks the official end of the "regulatory arbitrage" era in the European crypto industry, shifting market competition back to products, security, and user experience. His views were also republished by Cointelegraph, further reflecting the industry's widespread attention to this new era of European regulation.Currently, multiple entities under Gate have completed relevant regulatory registrations, applied for licenses, or obtained authorizations and approvals in jurisdictions including Malta, the Bahamas, Japan, the United States, Australia, and Dubai. By securing regulatory permits and registrations across multiple regions, the platform has solidified its global business foundation. Gate continues to advance its global compliance strategy and continuously improve its global compliance network, aiming to provide users with safer, more transparent, and more efficient digital asset services.
that, according to the latest social media news from CoinGecko, Gate, along with platforms such as Coinbase and OKX, is competing for new users in the EU. Gate continues to advance its European compliance process. Its Malta-based entity, Gate Europe, has obtained the European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), strengthening its global compliance framework.Furthermore, leveraging its rich trading products, robust platform services, and global operational capabilities, Gate is actively addressing the growing demand for digital asset trading in the European market. This strategic deployment not only enhances Gate's localized service capabilities in Europe but also provides solid support for the platform in terms of user trust, fund security, compliant operations, and long-term market expansion, underscoring its competitive compliance advantage among global crypto trading platforms.
According to an official announcement, Gate Europe has taken the lead in obtaining the European Union's Markets in Crypto-Assets (MiCA) license and the Payment Institution (PI) license, further consolidating its compliance foundation in the European market. These two key regulatory credentials provide solid support for Gate Europe's business operations within the European regulatory framework, while also strengthening the platform's capabilities in compliant operations, risk management, and long-term development.Leveraging the dual MiCA and PI licenses, Gate Europe will continue to offer European users safer, more efficient, and compliant digital asset services. The company will also persistently improve its internal controls, risk management, operational oversight, and regulatory reporting systems, striving for a deep integration of advanced technological capabilities with regulatory requirements. The goal is to build a sustainable compliance operating system that caters to both institutional and retail users. At the same time, Gate Europe will further enhance communication and cooperation with European regulators and industry partners, actively responding to policy developments to ensure all business operations consistently meet local regulatory demands.Dr. Giovanni Cunti, CEO of Gate Europe, stated that Europe is establishing a high-standard regulatory framework for the digital asset industry, and compliance remains the core foundation for the company's long-term sustainable development. Looking ahead, Gate Europe will continue to increase investment in compliance capability building, talent development, and operational resilience. With compliance, security, and innovation as its pillars, the company is committed to the healthy advancement of the global digital asset ecosystem.
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
According to an official announcement, Gate has launched a limited-time USD1 staking program offering high yields. During the campaign period, users holding USD1 in their asset accounts (minimum holding requirement: 1 USD1) can earn up to 20% annualized yield. The annualized yield rate is adjusted daily based on the remaining monthly reward budget and the platform’s total effective USD1 holdings. The updated annualized yield rate is published daily around 14:00 (UTC+8). The system takes hourly snapshots of users’ USD1 balances to calculate the average holding amount for yield calculation. Yields are distributed to users’ asset accounts the following day. According to the announcement, USD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial. It is fully collateralized by U.S. Treasury bills and cash equivalents, designed to maintain a stable 1:1 peg with the U.S. dollar. As a regulated, reserve-backed asset, USD1 delivers the same price stability as traditional cash—on-chain and in digital form.
: According to official announcements, leading global digital asset platform Gate has officially launched a real stock market trading service, bridging the gap between crypto assets and traditional financial markets. Users can now directly trade stocks and ETFs listed on major exchanges like Nasdaq and the New York Stock Exchange (NYSE) using USDT on the Gate platform. Unlike common market practices of stock tokenization and RWA (Real World Asset) mapping, Gate Stocks focuses more on real market access and compliant trading capabilities. It connects with compliant broker-dealers holding US Broker-Dealer licenses and clearing qualifications, providing access to major US stock and ETF trading markets.Currently, Gate supports major US securities trading markets and liquidity networks including NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, covering over 10,000 stock and ETF assets. After completing KYC and regional access requirements, users can navigate to the stock section within the TradFi module of the Gate App to perform USDT transfers, view market data, and trade stocks, achieving integration between crypto asset accounts and traditional stock trading capabilities. Additionally, Gate Stocks operates an independent account system, allowing users to buy, hold, and sell stock assets with separate fund management. Compared to holding costs such as funding rates in perpetual contracts and swap fees or overnight fees in CFD products, Gate Stock spot trading offers zero holding costs, making it more suitable for users looking to hold US stocks for the long term. Android users can experience stock trading functionality after updating the Gate App to the latest version, while iOS users can access the service after updating to version 8.21.5.
Gate Europe will host the "Capital Social at Money20/20 Europe" industry networking event on June 2, focusing on key topics such as the integration of fiat and digital assets, institutional liquidity, cross-border payments, and institutional-grade settlement. The event is co-organized by Gate Institutional, Gate Fiat, and Gate Pay, and presented together with Utexo, OpenPayd, and CyantArb. It is expected to attract over 150 professionals from the payments, OTC, institutional trading, and fintech sectors.This event will feature in-depth discussions on capital flows in the digital asset era, global payment networks, on-chain settlement efficiency, and institutional infrastructure collaboration. The Gate senior management team and several industry guests will also share the latest trends and practices in areas such as institutional liquidity, fiat infrastructure, and payment synergies.As the European digital asset market continues to mature, institutional demand for compliant payments, stable liquidity, and cross-border clearing and settlement systems is growing rapidly. Gate is steadily advancing its European compliance efforts. Gate Europe, the Malta-based entity under the Gate Group, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance framework.
Odaily reports, In a recent video interview with Cointelegraph, Gate Founder and CEO Dr. Han stated that the crypto industry is transitioning from a primarily speculation-driven market towards a phase focused on infrastructure development and real-world applications. Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming core directions for the industry, and that clearer regulatory frameworks (such as the CLARITY Act) are expected to further drive innovation in DeFi, payments, and on-chain finance.Dr. Han also mentioned that high user entry barriers, security risks, and liquidity fragmentation remain significant challenges facing the industry. In the future, the crypto industry will further integrate with traditional finance, playing a more important role in areas such as payments, settlement, and the circulation of digital assets.Gate continues to deepen its multi-asset and TradFi strategy. In addition to expanding into assets such as stocks, metals, forex, indices, and commodities, it has also launched Pre-IPOs with the first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to integrate Polymarket, Gate is continuously promoting the development of the prediction market ecosystem, accelerating the construction of a comprehensive trading platform that spans crypto and traditional finance.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
According to monitoring by on-chain analyst Ai Yi, one hour ago, an address associated with Amber Group (0xDDb26...E7E3d) withdrew 340,000 LAB tokens from Binance wallet, valued at $1.74 million, and subsequently deposited them to Gate. LAB has surged 611% since May, currently trading at $4.74, recovering all losses incurred after Zach's bounty investigation.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
Binance Co-CEO Richard Teng responded on X to ZachXBT, thanking him for reporting the matter to Binance and confirming that the platform is currently investigating it. Binance stated it remains committed to fulfilling its responsibilities and investigating all forms of market misconduct. Earlier, on-chain investigator ZachXBT posted that the abnormal price movements of the RAVE token originated from Binance, Bitget, and Gate exchanges, and called on all three platforms to take action. He also offered a reward of up to $10,000 for information leading to the identification of those involved.