Gate Crypto Flash News and Market Updates

On Monday, June 29, the Bloomberg Global Electric Vehicle Index rose 2.73% to 3,522.70 points. Asia-Pacific markets led gains, with the index maintaining levels around 3,500 points from 2:00 p.m. Beijing time onward before gaining further momentum after U.S. market open.

According to Bank of America, the S&P 500 index has risen nearly 17% since its March lows but has shown signs of weakness since touching a near-term peak on June 2. The bank's technical research head Paul Ciana warned that the index could decline to 6,850, representing a drop of approximately 7.6% from current levels, as pullback risks accumulate and price momentum deteriorates.

U.S. President Trump said on June 29 that the United States is winning militarily in Iran operations, claiming the military action has nearly achieved victory.

President Trump stated today that he is reducing drug prices by 200%, 300%, or even 400%, while claiming Democrats oppose the measure and would increase drug prices by 300%, 400%, or 500% if in power.

ECB President Lagarde stated on Monday that the eurozone economy has built greater resilience to economic shocks, allowing the central bank more flexibility to raise interest rates without triggering financial stress. Lagarde noted that as the 21-member currency union faces potential inflation shocks in coming years, policymakers may face a dilemma: whether to tolerate price fluctuations or take decisive action.

According to China's Xinhua News Agency, Keiko Fujimori, candidate of the right-wing Popular Power party, won Peru's presidential election on June 29. The National Electoral Office released complete tallies of all votes.

According to Pierre Rochard, VP of Research at Riot Platforms, Bitcoin's 2024 halving cycle represents "the worst halving cycle in Bitcoin history." Bitcoin is currently trading near $60,000, roughly 50 percent below its all-time high of $126,000, after hitting that peak 37 days before the halving event itself. Samson Mow, CEO of Jan3, counters that if halving cycles have indeed accelerated, the market bottom may already be in rather than arriving several months ahead. The debate centers on whet

According to U.S. Department of Energy data, crude oil inventories in the Strategic Petroleum Reserve (SPR) declined by 5.5 million barrels to 325.7 million barrels, reaching the lowest level since May 1983. The reduction is part of an agreement to release 172 million barrels from the strategic reserve.

According to sources familiar with the matter, a ransomware organization that previously compromised Indian supplier Tata Electronics has published files on the dark web containing photographs of Apple's upcoming iPhone 18 Pro model, along with sensitive component details and supplier names. The breach threatens Apple's closely guarded iPhone production system.

On June 29, the ICE Dollar Index fell 0.24% to 101.112 at New York close, while the Bloomberg Dollar Index declined 0.13% to 1221.43, with both indices trading lower throughout the session.

On Monday (June 29) at the New York close, the ICE Dollar Index declined 0.24% to 101.112, with intraday trading ranging from 101.394 to 101.071. The Bloomberg Dollar Index fell 0.13% to 1221.43, trading between 1223.93 and 1221.36 during the session.

According to his blog post published on June 29, 2026, Vitalik Buterin identified indistinguishability obfuscation (iO) as cryptography's most difficult unsolved challenge. Current iO schemes are technically functional but carry runtimes Buterin estimates exceed the universe's age by many orders of magnitude. Buterin outlined three potential paths forward, including AI-assisted optimization, that could eventually enable trustless voting systems and private smart contracts without requiring trust

According to Ukrainian President Volodymyr Zelensky, Russia's military has set final deadlines to fully capture the Donetsk region 15 times since the conflict escalated to full-scale warfare, but has failed to meet any of them.

Onshore Chinese yuan (CNY) closed at 6.7960 against the U.S. dollar as of 3:00 AM Beijing time on June 29, up 18 pips from Friday's night session close. Trading volume stood at 44.907 billion U.S. dollars.

According to Jin10, ECB President Christine Lagarde stated on June 30 that the 25-basis-point rate hike in June was a prudent decision based on economic and inflation conditions at the time, not a preventive measure against future risks. Without the hike, inflation would have remained above the 2% target in 2027 and 2028, she said. Lagarde emphasized that the ECB will maintain a data-dependent, meeting-by-meeting approach to monetary policy rather than relying on forward guidance.

According to Grayscale, in its recent report, the cryptocurrency fund company identified the main factors behind Bitcoin's sharp decline from $83,000 in May to $60,000 in June. The firm cited four reasons: a shift in Federal Reserve interest rate expectations toward potential hikes rather than cuts, delays in the U.S. Clarity Act for cryptocurrencies, significant Bitcoin sales by Strategy, and quantum computing concerns. Grayscale analysts stated that Bitcoin may approach its bottom if three con

According to Bybit, on June 29, the exchange announced it will progressively limit access to certain services on its global platform for residents of the European Economic Area, citing regulatory alignment ahead of the EU's Markets in Crypto-Assets Regulation (MiCA) taking full effect on July 1. The restrictions cover 29 EEA countries spanning the European Union, Iceland, Liechtenstein, and Norway. Affected users will receive advance notice and retain access to unwind existing positions. The mov

According to CNBC, on Monday (June 29), Comcast announced plans to separate its media units NBCUniversal and Sky from its Xfinity cable, broadband and mobile business into independent publicly traded companies. Comcast co-CEO Brian Roberts said the separation is "the right move to put each company in the strongest position to create value" and explicitly denied that investors should view it as a potential setup for future acquisitions. "Absolutely not," Roberts stated when asked if the split cou

According to Jin10, ECB President Lagarde warned that the eurozone may face shocks in coming years that could push inflation away from the European Central Bank's target.

According to BNY Mellon's announcement on June 29, 2026, the bank added USDC mint and burn capabilities to its Digital Asset Custody platform in partnership with Circle. Institutions can now hold USDC in custody wallets and instruct Circle to convert U.S. dollars into USDC or redeem it back to fiat within a single institutional framework. BNY oversees $59.3 trillion in assets under custody and administration, with over 90% of Fortune 100 companies among its clients, giving the stablecoin service