Gate Cryptocurrency News and Market Analysis

In brief A major multi-university study finds faster AI means fewer people working. Economists now see real job losses alongside strong economic growth. The debate has shifted to whether AI will replace the need for new jobs entirely. For years, economists were the professionals most

The U.S. FBI and Indonesian police successfully cooperated to dismantle a W3LL phishing network, seizing related equipment and detaining suspects. The W3LL phishing toolkit offers low-priced fake login pages that use man-in-the-middle attacks to easily bypass multi-factor authentication, forming an organized cybercrime ecosystem. This operation marks cooperation between the U.S. and Indonesia in law enforcement against cybercrime; however, the security threats to cryptocurrency users remain severe.

Trump removed an AI-generated Truth Social image showing him in a white robe, glowing hand on a sick man's forehead — immediately compared to Jesus healing miracles. The post drew swift bipartisan backlash, including from conservative Christians in his own base, hours after he attacked Pope Leo XIV on the same platform.

Alameda Research has transferred $16 million worth of Solana tokens linked to FTX creditor repayments, following a pattern of past transactions. Despite these moves, Alameda retains a significant holding of 3.5 million SOL, potentially impacting market liquidity.

Exodus Movement files a lawsuit in Delaware against W3C and its CEO, seeking to enforce a $175 million stock purchase agreement, and alleging misappropriation of assets, document forgery, and other actions. This case will affect Exodus’s acquisition plans and the crypto payments business under W3C.

Solana ecosystem multi-signature agreement Squads issued a warning, pointing out that attackers launched an address poisoning attack against users by using fake accounts to trick users into making unauthorized transfers. Squads confirmed that there was no loss of funds and emphasized that this is a social engineering attack rather than a protocol vulnerability. To respond, Squads has implemented protective measures such as a warning system, non-interactive account prompts, and a whitelist mechanism. This incident reflects the growing social engineering threats in the Solana ecosystem and has prompted ongoing security reviews.

Renowned music producer Licheng Huang has a long position in ETH worth $29 million at Hyperliquid. As ETH surged 8%, he is currently up by $2.14 million in unrealized gains, but he still faces a cumulative loss of $26.4 million. His high-leverage trading strategy has drawn market attention and sparked discussion.

Broadridge Financial Solutions has launched an integrated digital asset platform for Canadian wealth management firms, enabling companies to provide cryptocurrency and traditional investment services in a single system and addressing the issue of fragmented infrastructure. The platform supports a wide range of digital assets and includes compliance control tools to lower the barrier for institutions to enter the market. This comes at a critical time when financial institutions are competing for digital asset infrastructure, strengthening the platform’s market competitiveness.

Const, co‑founder of Bittensor, has officially addressed the Samuel Dare (Covenant) betrayal that rocked the TAO community. In a lengthy X post, he apologized to every holder who lost money in the Covenant subnets (3, 39, and 81). He called Samuel a person he once considered a brother,

Bitcoin has recently rebounded strongly, with the price reaching $74,330. The U.S. Securities and Exchange Commission (SEC) has issued regulatory guidance for custody wallets of crypto securities, allowing operations in certain circumstances. Ondo Finance also submitted a request for a no-action letter to the SEC regarding tokenized equity. Market developments show that whale holdings have increased, with other coin contract trading activity remaining active. U.S. stock performance is optimistic, influenced by corporate earnings reports. Investors are taking a wait-and-see stance on Bitcoin, and market sentiment is relatively stable.

World Liberty Finance has significantly increased its borrowing on Dolomite, now representing a staggering 82.7% of the platform's total value locked. This concentration raises concerns about collateral quality and the system's vulnerability to market changes, as the collateral largely outstrips available liquidity.

Economist Nouriel Roubini, speaking at a forum in Hong Kong, predicted that artificial intelligence (AI) will drive future economic growth and is not a bubble. He said AI and semiconductors will be the growth engines for the next 20 years and expects that by 2050, the United States could achieve an average annual GDP growth rate of 10%. Roubini emphasized that policy has limited impact in the short term, and that technological momentum is more important; he believes the United States and China have leading advantages in this area.

Meta Platforms is experimenting with AI to develop a new way for its chief executive, Mark Zuckerberg, to communicate with his staff without being physically present. Summary Meta Platforms is developing a photorealistic AI-powered 3D version of Mark Zuckerberg to enable real-time interaction w