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Gate.com secures Malta PSD2 license to scale EU crypto payments

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MoonPay launches non-custodial wallets for AI agents

Gate Technology gains MFSA PSD2 license, expanding EU payment and stablecoin services.

Summary

  • Gate Technology Ltd, Gate.com’s Malta-based entity, obtained an MFSA Payment Institution license under PSD2, making it one of few crypto-native firms with this approval in Europe.
  • The firm previously secured a MiCA license for exchange and custody, and will now passport PSD2 rights to roll out compliant payment services and fiat–Web3 rails across the EU.
  • Gate reports over 30–36m registered users and ranks among the top three global spot exchanges by volume and liquidity, underlining the scale of its regulated expansion push.

Gate Technology Ltd, the Malta-based entity of cryptocurrency exchange Gate, has obtained a Payment Institution license under the European Union’s Second Payment Services Directive (PSD2) from the Malta Financial Services Authority (MFSA), the company announced.

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The license places Gate among crypto-native companies in Europe to secure this level of regulatory approval, according to the announcement.

Giovanni Cunti, CEO of Gate Technology Ltd, stated the license positions Gate to build infrastructure between traditional finance and Web3, delivering compliant payment solutions to clients across Europe. Cunti noted the license establishes a foundation for future financial services and provides regulatory certainty for institutional and retail clients in the European market.

The development follows Gate’s earlier regulatory achievements in Malta, where the company previously obtained a Markets in Crypto-Assets (MiCA) license to provide exchange and custody services, according to the announcement.

Gate’s compliance strategy spans multiple jurisdictions including Malta, Cyprus, the Bahamas, Japan, Australia, and Dubai, the company reported.

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The PSD2 license enables Gate to expand payment services across the European Union through passporting rights, according to the announcement. The license allows Gate to integrate traditional finance mechanisms with Web3 applications.

Gate was founded in 2013. The company’s flagship platform, Gate.com, serves over 49 million users globally and ranks among the top three crypto exchanges worldwide by market share, according to company data.

The announcement included a disclaimer stating the content does not constitute an offer, solicitation, or recommendation, and that Gate may restrict or prohibit services for users from restricted regions.

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90% of New CEX Token Listings Fall Below Debut Price Within a Year, Report Finds

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A new CoinGecko report found that roughly 90% of newly listed altcoins on top centralized exchanges fall below their listing price within 12 months.

The findings paint a grim picture for retail buyers chasing new token listings across the industry’s biggest trading platforms.

Most New Altcoin Listings Lose Value Fast

According to the report, only about 32% of new altcoin listings record positive price action immediately after going live across the top 12 centralized exchanges (CEXs). That means nearly two out of three tokens start losing value from the moment they begin trading.

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Altcoin Performance Post Listing
Altcoin Performance Post Listing. Source: CoinGecko

Exchange-level data reveals sharp differences in early performance. Upbit stood out with 67% of its listings showing gains 30 days after debut, though CoinGecko noted that the South Korean exchange has one of the lowest listing rates. Binance followed at 50%, while Kraken and Gate trailed at just 14%.

However, those early gains faded quickly. By days 30 to 59, only 25% of tokens remained in positive territory on average.

“Across longer time frames, this percentage declines somewhat linearly across all exchanges. The only exception is Coinbase, whose listed coins catch a second wind after the half-year mark of being listed on the exchange,” the report read.

Even Upbit’s Winners Eventually Lose

Upbit’s trajectory tells the most striking story. Despite starting with the strongest 30-day performance, every one of its newly listed altcoins fell below its debut price by the 300- to 329-day mark.

That 67% to 0% collapse suggests early gains were driven by hype and limited supply rather than sustainable demand. By the 12-month mark, fewer than 10% of listed tokens on most top exchanges remained above their listing price.

Ultimately, the data reveals a consistent pattern: hype-driven rallies around new listings rarely translate into lasting value. While some tokens see short-term gains, the vast majority struggle to sustain momentum beyond the initial trading window.

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The post 90% of New CEX Token Listings Fall Below Debut Price Within a Year, Report Finds appeared first on BeInCrypto.

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Musk’s xAI Sues Colorado over AI Law

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Musk’s xAI Sues Colorado over AI Law

Elon Musk’s artificial intelligence company, xAI, has filed a lawsuit against the state of Colorado, seeking to block incoming AI rules that restrict speech from AI chatbots like Grok.

The AI company is specifically challenging Colorado’s Senate Bill 24-205, which aims to protect AI users from “algorithmic discrimination” in areas like employment, housing and finance. 

However, in a filing to a US district court in Colorado on Thursday, xAI argued that “Colorado cannot alter xAI’s message simply because it wants to amplify its own views on the highly politicized subjects of fairness and equity.”

The company further argued that the law, set to take effect on June 30, is contradictory as it promotes “differential treatment” in an effort to “increase diversity or redress historical discrimination.”

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Forcing xAI to change Grok would also interfere with its goal of being “maximally truth seeking,” it said.

Source: David Sacks

Colorado isn’t the first state that xAI has sued over AI regulations. In December, it sued California over its Generative AI Training Data Transparency Act, arguing that disclosure requirements compel speech and reveal trade secrets in violation of the First and Fifth Amendments.

Related: AI agents overwhelmingly prefer Bitcoin over fiat in new study

The Colorado and California AI laws come after accusations of Grok making racist, sexist and antisemitic comments in the past.

AI rules should be left to federal regulators: David Sacks

White House AI czar David Sacks has led a push for state regulators to steer clear of crafting AI rules, arguing for a single federal standard for AI instead of a “patchwork” of state laws.

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“The problem that we’re seeing right now is that you’ve got 50 different states regulating this in 50 different ways, and it’s creating a patchwork of regulation that’s difficult for innovators to comply with,” Sacks said in late March.

Sacks was appointed as co-chair of the newly established President’s Council of Advisors on Science and Technology to address that issue.

Magazine: IronClaw rivals OpenClaw, Olas launches bots for Polymarket — AI Eye