Investment platform Gate.io has recently had a stellar development with its exclusive referral code and it has decided to discontinue its services in Japan while simultaneously acquiring Coin Master Co. Coinbase (COIN), reeling under a hacking incident, sees the reaction as 'overblown' and has been recognized as the first crypto organization joining the S&P 500, leading markets to note a 10% surge in its price. The platform also plans to list io.net (IO) and Degen (DEGEN) on its roadmap.
Project IO.NET and its native IO Token have started to gain attention. However, IO fell more than 50% in just three months. It's poised to make a comeback with a noteworthy partnership with Mira Network to enhance AI verification. The IO coin, a decentralized GPU network, is creating ripples for AI development and has posited to decentralize power. io.net's GPU Network is an epitome of innovation in this respect.
Crypto exchange Gate.io has also rolled out a $50m fund encouraging adoption of meme coins. Interestingly, Memecoins reached a surprising $140b market cap, further making grounds in the crypto economy. Gate.io continues to be in headlines with the announcement of a multi-year strategic sponsorship agreement with Oracle Red Bull Racing in F1. Also, the platform’s total reserves reached $10.865 billion, including $2.415 billion in excess reserves.
The Coinbase stock, after joining S&P 500, is expected to see considerable buying pressure. However, it recently witnessed over a 60% upside due to President Trump's new Crypto Regime, Bernstein reports.
IO Coin News Analytics from Thu, 06 Jun 2024 06:12:57 GMT to Sun, 18 May 2025 06:05:34 GMT - Rating 1 - Innovation 7 - Information 9 - Rumor -2