Gate Crypto Flash News and Market Updates

According to Axios, Bending Spoons CEO Luca Ferrari said following the company's IPO priced at $29 per share, valuing the firm at $18.4 billion, that Bending Spoons has identified more than 1,000 acquisition targets and plans to acquire four to five companies annually. Ferrari stated the company prioritizes businesses with predictable growth trajectories where it can dramatically improve operations through deep platform integration, rebuilding technology, product, and monetization. He estimated

According to Onchain Lens, a whale deposited 3,000 ETH to Binance after being dormant for one year, with the transaction valued at approximately $4.73 million.

According to BlockBeats, on July 1, Venice (VVV) surged to a market capitalization of $680 million, with a 1-hour gain of 17.58%, trading at $14.54, according to GMGN data.

According to CNBC, Palantir CEO Alex Karp on Wednesday criticized the token model used by AI labs OpenAI and Anthropic, saying 'something has gone completely wrong' as AI costs surge. Karp told CNBC's Squawk Box that enterprises are shifting away from "tokenmaxxing" toward a return on investment mindset, with many adopting open weight models to perform similar tasks at lower cost. Karp stated that companies want ownership of their AI tools, saying 'I want something I own. This is my business.' E

According to Gregory Shearer, head of Base and Precious Metals Strategy at J.P. Morgan, the Federal Reserve's recent hawkish communications have turned a temporary pause in gold's structural rally into a prolonged freeze. "The hawkish Fed has really turned this pause in the structural bullish gold story into a bit of a deeper freeze," Shearer said, noting that persistent rate-hike expectations are dampening investor engagement with the precious metal. Meanwhile, J.P. Morgan is now focusing on co

According to the U.S. Energy Information Administration's weekly report, U.S. crude oil exports fell by 666,100 barrels per day to 4.008 million barrels per day in the week of June 26, while domestic crude oil production decreased by 9,000 barrels to 13.81 million barrels per day. Excluding strategic reserves, commercial crude oil inventories declined by 3.775 million barrels to 408 million barrels. The four-week average crude oil product supply rose to 20.638 million barrels per day, up 1.73% y

According to the U.S. Energy Information Administration (EIA), U.S. gasoline production reached 10.1474 million barrels per day for the week ending June 26, up from 9.5366 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), distillate fuel oil production for the week ended June 26 rose to 4.9413 million barrels per day, up 0.014 million barrels per day from the prior week's 4.9273 million barrels per day.

According to EIA, U.S. crude oil output in the week ending June 26 declined to 19.628 million barrels per day from 20.259 million barrels per day in the prior week.

According to onchain data, Tron reached new all-time highs in June 2026 with 385 million total transactions and 26.9 million active accounts. On June 10, the network processed 14.55 million daily transactions and logged 5.8 million daily active accounts, both historical peaks at the time. Tron's growth is anchored in stablecoin dominance, hosting over $86 billion in USDT—more than any other blockchain—and handling approximately half of global USDT transaction volume. This positioning has made Tr

According to market analyst Diana, XRP Ledger (XRPL) now hosts $4 billion in tokenized real-world assets (RWAs), positioning itself as the second-largest blockchain for institutional asset tokenization, just behind BNB Chain. The rapid growth reflects rising institutional adoption of tokenized bonds, real estate, and other assets. Meanwhile, the XRP Ledger Foundation partnered with VS1 to develop an open-source reference application for compliant lending, leveraging XRPL's native features for id

According to a June 30 report from Talos, Bitcoin ended Q2 2026 down approximately 11%, with $8.35 billion in long liquidations clearing leverage from the derivatives market as crypto enters Q3 on thinner footing. Spot Bitcoin ETFs recorded $4.08 billion in net outflows across the quarter, with June accounting for $3.84 billion of the total, while open interest fell 32% for Bitcoin and 40% for Ether from May peaks. The pullback stemmed from a Federal Reserve holding rates steady and a concurrent

According to EIA data, U.S. refined oil inventory fell to 24.83 million barrels during the week of June 26, down from 30.64 million barrels the previous week.

According to EIA data, U.S. refined oil inventories declined by 2.483 million barrels for the week ended June 26, compared to an increase of 3.064 million barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), American gasoline inventories declined by 2.33 million barrels during the week ending June 26, reversing the prior week's gain of 2.064 million barrels.

According to the U.S. Energy Information Administration (EIA), refinery equipment utilization rose to 96.6% for the week ending June 26, exceeding expectations of 96.3% and the prior week's 96.1%.

Micron Technologies and General Motors announced on July 1 the signing of a long-term strategic supply agreement, establishing a partnership to ensure stable supply of memory and storage semiconductors for GM's future vehicle production. The agreement covers LPDDR, NOR Flash, and UFS NAND products, with both companies jointly developing next-generation automotive memory technologies to support software-defined vehicles, AI-powered applications, and advanced driver assistance systems. According t

According to the Energy Information Administration (EIA), U.S. refinery capacity utilization increased 0.5% for the week of June 26, reversing a 0.6% decline in the previous week.

According to the Energy Information Administration (EIA), U.S. refinery crude oil inventories rose to 2.483 million barrels for the week ending June 26, surpassing analyst expectations of a 513,000-barrel decline and compared with the prior week's 3.064 million barrels.

According to the U.S. Energy Information Administration (EIA), Cushing crude oil inventories increased by 709,000 barrels for the week of June 26, compared with a decline of 1.077 million barrels in the prior week.